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  • GM recalls 221K XTS, Impala sedans for fire risk

    General Motors is recalling 221,558 Cadillac XTS and Chevrolet Impala sedans because the brake pads can stay partially engaged even when they’re not needed, increasing the risk of a fire.

  • Aviation industry in Chicago to draw up new routes

    About 3,000 decision makers in the aviation and tourism sectors have gathered in Chicago for a global conference to forge connections and develop new airline routes.

  • The Sitdown: Darrell B. Jackson, CEO, Seaway Bank & Trust

    Darrell B. Jackson, 56, started running Seaway Bank and Trust Co. last month, taking on the biggest challenge of his 35-year banking career when many baby boomers want to kick back. Seaway is Chicago’s largest African-American-owned bank, the third-largest nationwide.

  • Lawmaker: Make pumpkin pie Illinois’ state pie

    Pumpkin pie should be our state pie, says a downstate lawmaker who figures that’s a sweet way to make sure people know that pumpkins are big business in Illinois.

  • Gas, electric price hike estimates lowered by northern Indiana utility

    Northern Indiana Public Service Co. has lowered its estimates of how much electricity and natural gas bills will go up under its seven-year modernization plans. Documents filed with the Indiana Utility Regulatory Commission show natural gas rates will go up under 5 percent by 2020, compared with earlier estmates of nearly 10 percent.

  • Good news on economy pushes stocks to record highs

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    More encouraging economic news and friendly signals from the Federal Reserve cheered investors on Thursday, as the S&P 500 and Dow Jones industrial average closed at all-time highs.

    US families need to boost savings: Yellen

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    The Great Recession showed that a large number of American families are “extraordinarily vulnerable” to financial setbacks because they have few assets to fall back on, Federal Reserve chairman Janet Yellen said Thursday.

    US home construction drops 14.4 percent in August

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    U.S. home construction plunged in August, led by steep decline in the volatile apartment category. Single-family house construction fell by a modest amount.

    Applications for US jobless benefits fall sharply

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    The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening.

    Bayer to split off polymer division with IPO

    German pharmaceuticals and chemicals company Bayer AG says it plans a separate stock listing for its polymer division.

    Expansions planned at 2 Indiana RV factories

    Thor Industries is planning expansion projects at two recreational vehicle factories in northern Indiana.

    Boeing venture hires Bezos to build rocket engines

    Amazon.com founder Jeff Bezos plans to build a rocket engine that would eventually replace the Russian mainstay used in many American unmanned launches. United Launch Alliance, a collaboration of Lockheed Martin and Chicago-based Boeing that launches unmanned rockets, announced Wednesday that it will pay Bezos’ …

    Fed signals plan to keep key rate at record low

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    The Federal Reserve signaled Wednesday it plans to keep a key interest rate at a record low for a considerable period because a broad range of U.S. economic measures remain subpar.

  • Kohl’s holiday hiring to rise by a third

    Kohl’s Corp. says it will hire more than 67,000 seasonal workers nationwide for the holiday shopping season, about a third more than last year’s 50,000.

  • US consumer prices fall 0.2 percent in August

    U.S. consumer prices edged down in August, the first monthly drop since the spring of 2013, as gasoline, airline tickets and clothing prices all fell. It was the latest evidence that inflation remains under control.