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  • Visa, Amazon pull stock market lower

    The stock market sank Friday after Visa and Amazon posted weaker results than Wall Street expected. If the declines continue, the market would erase almost all of its gains from earlier in the week.

  • Molson Coors Brewing CEO to retire at year’s end

    Molson Coors Brewing Co. president and CEO Peter S. Swinburn is retiring at year’s end. He’ll be succeeded by Mark R. Hunter, who serves as CEO and president of Molson Coors Europe.

  • Fast food workers prepare to escalate wage demands

    Fast food workers say they’re prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers are expected to discuss the future of the effort that has spread to dozens of cities in less than two years.

  • Orders for US durable goods up 0.7 percent in June

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    Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans.

    US agency probes Hyundai Sonata air bag problem

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    U.S. safety regulators are investigating whether an electrical problem can knock out the air bags on some older Hyundai Sonatas. The probe announced Friday covers about 394,000 midsize cars from the 2006 through 2008 model years.

    BSkyB to create multinational European TV network

    London-based pay TV network BSkyB has agreed to take control of its sister companies in Italy and Germany, creating a multinational European broadcaster. The deal could have a wider impact on the media industry, giving Rupert Murdoch’s 21st Century Fox a cash boost to potentially revive its attempt to buy Time Warner.

    Chicken off McDonald’s HK menu

    McDonald’s restaurants in Hong Kong have taken chicken nuggets and chicken burgers off the menu after a mainland Chinese supplier was accused of selling expired meat. The Oak Brook-based fast-food chain said late Thursday that it “suspended relevant food ingredients” at Hong Kong outlets in …

    Proxy adviser says Sprint CEO was paid too much

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    NEW YORK — Institutional Shareholder Services, a leading shareholder advisory firm, is telling shareholders to protest Sprint Corp. CEO Dan Hesse’s $49 million 2013 pay package, saying it’s excessive and not tied to performance. Hesse got a special $18.7 million “retention” award in connection with …

    Obama on US mergers abroad: ‘It’s wrong’

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    LOS ANGELES — Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded “economic patriotism” from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers. “I don’t care if it’s legal,” Obama declared. “It’s wrong.” …

  • WASHINGTON — The number of people seeking U.S. unemployment benefits fell last week to its lowest level in more than eight years. Weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000, the Labor Department said Thursday. That’s the lowest reading since February …

  • Billionaire Ken Griffin, chief of Citadel, files for divorce

    Billionaire Ken Griffin, the founder and CEO of Citadel LLC, a hedge fund and financial services firm based in Chicago, has filed for divorce from his wife, Anne Dias Griffin, a hedge-fund executive from France, according to a report in Crain’s Chicago Business.

  • Developer plans gigabit network at ex-U.S. Steel site on S. Side

    Ultra-high-speed Internet access is back on the map for Chicago’s South Side, with a new large-scale launch now in the planning stages for the former U.S. Steel South Works site redevelopment at 87th Street and South Lake Shore Drive. The latest plan for a gigabit fiber-optic network — sending 1 billion bits of data per second as instant pulses of light up to 100 times the speed of today’s cable signals — would start construction within the next year if the site’s developer, McCaffery Interests, has its way.

  • GM recalls another 718K cars, trucks

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    General Motors issued six more recalls on Wednesday, bringing its annual total to 60 recalls covering almost 30 million vehicles.

    Former Sun-Times plant sold for $18M, will host data centers

    One of the country’s fastest-growing data-center operators will announce Wednesday it has bought the shuttered Chicago Sun-Times printing plant on the Southwest Side and will pour more than $200 million into developing and expanding it to house multiple companies’ computers.

    S&P 500 ekes out record high as earnings roll in

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    The stock market eked out a record high Wednesday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies.