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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
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
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 is recalling more than 160,000 vehicles in North America for two safety issues.
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.
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 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 is rebuffing Dollar General’s takeover bid, citing antitrust issues. The discounter’s board remains supportive of its existing deal with Dollar Tree.
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 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 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 second-quarter net income increased 10 percent, bolstered by improving weather. But the home improvement company lowered its full-year revenue outlook slightly.
Bowing to pressure from investors, PetSmart Inc. says it is considering putting itself up for sale.
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.