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  • Stocks move higher in early trading; Citi climbs

    Stocks moved higher in early trading Monday, kicking off the week on a positive note as the market looked to shake off its worst week in three months. Shares in several major investment banks rose after Citigroup posted better-than-expected quarterly earnings.

  • Citigroup’s $7 billion settlement includes $84 million for Illinois

    Citigroup will pay roughly $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.

  • Walgreen’s Swiss switch idea tied to tax savings, but some see clouds with inversion

    Venerable drugstore giant Walgreen Co., the 113-year-old Chicago institution known for a stock and dividend as rock-solid as a utility company’s, finds itself caught up in a drama with a risk-taking European partner that may see it become a foreign company. If Walgreen, established on Chicago’s South Side in 1901 by Charles Walgreen Sr., leaves Deerfield for Switzerland, it would mark another major blow to the Chicago-area corporate roster.

  • Owners of Trump Plaza casino expect it will close


    Atlantic City’s crumbling casino market disintegrated even further Saturday as the owners of the Trump Plaza casino said they expect to shut down in mid-September.

    Chrysler recalls 651,000 SUVs for mirror lights

    Chrysler says it is recalling 651,000 Jeep and Dodge SUVs in the U.S. because vanity mirror lights that have undergone repairs can short circuit and start a fire if not reassembled correctly.

    Economists downgrade forecasts for US growth


    U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter.

    Whirlpool buys big stake in Italy’s Indesit


    Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker’s counterpart in Italy.

    Tobacco firms Reynolds, Lorillard in merger talks


    Cigarette makers Reynolds American Inc. and Lorillard Inc. on Friday said they are in talks of a possible merger that would combine two of the nation’s biggest tobacco companies.

    Ford plans $1 million Alan Mulally scholarship


    Ford Motor Co. is planning a $1 million scholarship program named in honor of former CEO Alan Mulally. The program will provide financial help to students pursuing degrees in automotive engineering.

    Apple wins EU court case on store design trademark

    The European Union’s highest court says Apple’s characteristic retail store layout may be registered as a trademark.

  • LaPorte factory to close, ending 120 jobs

    The ATI Casting Service plant in LaPorte is shutting down after efforts to sell the metal casting factory were unsuccessful. The plant once employed more than 550 workers.

  • Harley-Davidson recalls 66,421 motorcycles

    Harley-Davidson is recalling 66,421 Touring and CVO Touring motorcycles from the 2014 model year because their front wheels can lock up without warning.

  • Fed: Bond buying program will end in October

    Federal Reserve officials had differing views in June on the best way to signal to financial markets when they might raise a key short-term interest rate. They were in broad agreement, however, that their monthly bond buying program will end in October.

    Ford expects to return to profit in Europe in 2015

    Ford Motor Co. says it remains on track to make a profit in Europe next year despite the fragile economy. It hasn’t earned a pretax profit in Europe since 2010.