business
The ‘blackface’ workplace: ‘I never felt more alone in my life’
Montrelle Reese said he “never felt more alone in my life” than he did when he worked as a sales representative for the Westchester office of Thyssen-Krupp Elevator. It wasn’t just the frequent use of the n-word by his white co-workers or even the blackface routine at a company meeting, he said. It was the fact that a racially hostile work environment more prevalent in the 1960s was “part of the culture,” he said.
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Six Flags in Gurnee to hire 3,200 seasonal workers
Job fairs will be held starting Saturday and continuing every other Saturday through March for 3,200 seasonal job openings at Six Flags Great America in Gurnee. The jobs range from cooks to game operators and costumed characters to paramedics, with pay from $8.25 to $12 …Read More
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Consumer borrowing rose $19.3 billion in December
Americans accelerated their borrowing in December for the second straight month, running up more credit card debt and taking out loans to buy cars and attend school. Consumer borrowing rose by $19.3 billion in December after a $20.4 billion gain in November, the Federal Reserve said Tuesday.
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Electric company wins tech makeover from women’s business center
Jennifer Bias hired six new employees and increased revenues by 37 percent in the past year at her electrical and communications contracting company after she earned three business certifications and won a wider array of clients. The company, Ficek Electric & Communication Systems Inc. in …Read More
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Jewel-Osco parent to cut 800 jobs, 20 in Itasca
Jewel-Osco is cutting 20 positions at its Itasca headquarters as part of a companywide restructuring by parent company Supervalu that will eliminate 800 jobs, the grocer said Tuesday.
Bernanke cautions about budget shocks next year
Federal Reserve Chairman Ben Bernanke is urging senators to resolve debates over tax cuts that expire this month and at the end of the year, saying uncertainty around both could slow the U.S. economy.
Wal-Mart debuts ‘Great for You’ seal
You may like the food you buy, but is it “Great for You”? Wal-Mart Stores plans to help its customers figure that out by adding a new green icon that reads “Great for You” to packaging of some of its house-brand foods.
Job openings jump to near a 3-year high
The number of available jobs in the United States jumped in December to near a three-year high. The Labor Department says companies and governments posted 3.38 million jobs in December, up from the 3.12 million advertised in the previous month.
Looking for work? There may be an app for that
Looking for a promising career in a lousy economy? A new study suggests you’re apt to find it in apps — the services and tools built to run on smartphones, computer tablets and Facebook’s social network.
BP hikes dividend after strong fourth quarter
BP PLC has raised its quarterly dividend by 14 percent after posting double-digit gains in profit and revenue in the last three months of 2011 despite further big payments to compensate for the disastrous oil spill in the Gulf of Mexico.
Stock end higher, erasing early losses
Stocks resumed their slow but steady climb Tuesday as Greece appeared close to announcing a deal with creditors to cut its debt. The Dow Jones industrial average ended at its highest level since May 2008, rising 33.07 points, or 0.3 percent, to close at 12,878.20. The Standard & Poor’s 500 gained 2.72 points, or 0.2 percent, to 1,347.05. The Nasdaq composite rose 2.09 points, or less than 0.1 percent, to 2,904.08. The Nasdaq is about a point shy of its best close since December 2000.
Stock market rewards patient investors
It happened so quietly, and under the cover of volatility, that you might have missed it. But last week, the stock market reached its highest level since May 2008. The Dow Jones industrial average closed at its highest level since before the September 2008 Lehman …Read More
Trustee say MF Global money missing days before bankruptcy
The trustee examining the books for MF Global said Monday that the failed brokerage had shortages in its customer accounts beginning five days before it filed for bankruptcy, finding evidence of fraud that auditors for Chicago’s futures exchanges missed. James Giddens, the trustee, said MF …Read More
Expert expects gas prices in Chicago to hit $4.60 by May
Gas prices could spike another 60 cents or more by May, hitting $4.60 or higher in Chicago, experts say.
Forecast for job growth is sunny, says Conference Board
The outlook for jobs looks brighter for the rest of the first quarter, according to the latest Conference Board Employment Trends Index released Monday. The index edged up to 105.81 in January from 105.04 in December, rising for the fourth straight month.
Empire buys Luna Carpet, but jingles will ring on
Empire Carpet’s owner has bought rival Luna Carpet, but you won’t be able to get either jingle out of your head just yet. Both the “588-2300 EMPIRE” and “773-202 LUNA” will keep jingling away on radio and TV because both companies will continue operating separately, even after Empire owner Empire Today LLC bought Luna on Jan. 31.
