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  • McDonald’s names new US president again

    McDonald’s named a new president for its struggling U.S. division on Friday, marking the second change in the high-profile spot in less than two years. The world’s biggest hamburger chain says it’s bringing back a longtime McDonald’s executive, Mike Andres, to fill the role effective …Read More

  • 2.2 million bean bag chairs recalled after deaths

    About 2.2 million bean bag chairs are being recalled after two children opened them, crawled inside and suffocated to death. The U.S. Consumer Product Safety Commission said Friday that the zippers on the chairs, which are made by Ace Bayou Corp., can open. A 13-year-old …Read More

  • Illinois gets $300M in BofA settlement

    Though only one top banker has gone to jail for this country’s financial and housing crisis, the nation’s attorneys general are negotiating settlements with banks over their roles in the meltdown. On Thursday, Illinois announced it will collect $300 million from Bank of America to …Read More

  • Ford recalling more than 160,000 vehicles

    Ford is recalling more than 160,000 vehicles in North America for two safety issues.

    Gauge of US economy rises 0.9 percent in July

    A gauge designed to predict the economy’s future health posted the sharpest advance in four months in July, indicating the economy is gaining traction headed into the last half of the year.

    Stocks advance to put S&P 500 at record high


    The stock market advanced for a fourth straight day Thursday, pushing the Standard & Poor’s 500 index to a record high. Investors were encouraged by news that the number of people seeking unemployment benefits remains at a multi-year low. Hewlett-Packard rose after delivering better results, while Sears plunged after reporting that its loss doubled from a year ago.

    Ticketfly buying WillCall for on-premise data

    Ticketfly Inc., a San Francisco-based technology company among several posing a challenge to Ticketmaster, is acquiring WillCall Inc., a crosstown rival that turns your smartphone into a mobile wallet at live events.

  • Family Dollar rejects Dollar General offer

    Family Dollar is rebuffing Dollar General’s takeover bid, citing antitrust issues. The discounter’s board remains supportive of its existing deal with Dollar Tree.

  • UPS says 51 retail stores breached by malware

    Some customers of The UPS Store may have had their credit and debit card information exposed by a computer virus found on systems at 51 stores in 24 states. Two Chicago-area stores were affected.

  • Maureen O’Looney, dead at 92, charmed Conan O’Brien, was a matriarch to many in Chicago’s Irish community


    Maureen O’Looney, whose couch was the first stop for many fellow Irish immigrants landing in Chicago, has died at 92. She fed the newcomers, lent them money, helped them find jobs, set up bank accounts and let them sleep rent-free on her living room floor. Irish Americans flocked to the store she opened in 1967 — Shamrock Imports at Belmont and Laramie — to stock up on Barry’s tea, soda bread, Irish newspapers and gossip.

    Warren Buffett’s firm to pay $896,000 penalty

    Warren Buffett’s company has agreed to an $896,000 penalty for failing to tell regulators about a December 2013 investment in wallboard maker USG Corp. beforehand.

    Apple’s stock bounces back to hit a new high


    Apple’s stock touched a new high Wednesday, reflecting investors’ renewed faith in CEO Tim Cook’s ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.

    Lowe’s 2Q profit rises as weather improves


    Lowe’s second-quarter net income increased 10 percent, bolstered by improving weather. But the home improvement company lowered its full-year revenue outlook slightly.

    PetSmart to consider selling itself

    Bowing to pressure from investors, PetSmart Inc. says it is considering putting itself up for sale.

    GameStop CEO treated for cancerous brain tumor

    GameStop Corp. said Tuesday that its chief executive, Paul Raines, had surgery last week to remove a cancerous brain tumor. The prognosis for a full recovery is “very good,” GameStop said in a filing with the Securities and Exchange Commission.