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  • 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.

  • Despite Fed, a late push sends US stocks higher

    A late round of buying Wednesday pushed stock indexes mostly higher. Bond prices fell, sending yields higher, on word that Federal Reserve policymakers were leaning toward raising interest rates.

  • Lowe’s 2Q profit rises as weather improves

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    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.

    Recaro recalls over 39,000 child safety seats

    Recaro is recalling more than 39,000 child safety seats because they can let a child’s head move too far in a crash.

    US home construction jumps 15.7 percent in July

    U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.

    Consumer prices fall in Chicago area

    Consumer prices in the Chicago area fell 0.4 percent in July as energy prices eased and food prices held steady. Nationally, consumer prices rose 0.1 percent.

    Home Depot 2Q profit climbs 14 percent

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    Home Depot’s fiscal second-quarter net income increased 14 percent thanks to a rebound in its spring selling season. The No. 1 home improvement retailer’s quarterly performance beat analysts’ estimates, and the Atlanta company raised its full-year earnings forecast again.

    Aeropostale rehires Geiger as CEO amid sales slump

    Aeropostale is reinstating a past leader as it struggles with sliding sales. Julian Geiger, its former CEO, took over Monday. Thomas Johnson is leaving the board of directors as well as relinquishing the CEO title.

    AAR plans jet-repair center at Rockford airport

    A $40 million jet-repair and maintenance center is planned for the Rockford airport. Construction will begin next year on the center, which is leased to Wood Dale-based AAR Corp.

    Community Health details attack on patient records

    The company that owns MetroSouth Medical Center in Blue Island and Vista Medical Center in Waukegan says a cyberattack took information on more than 4 million patients from its computer network earlier this year. Hospital operator Community Health Systems said no medical or credit card records were taken in the attack, which may have happened in April and June.

    Ingersoll to buy Cameron unit for $850 million

    Ingersoll-Rand PLC said Monday it has agreed to buy the centrifugal compression business from Cameron International Corp. for $850 million, as it looks to grow its compression business.

    Dollar General enters bidding for Family Dollar

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    There’s now a bidding war for Family Dollar, with Dollar General offering a package it values at $9.7 billion for the discounter in an effort to trump Dollar Tree’s bid.