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Missouri Gov. Jay Nixon plans to sign legislation that would offer up to $1.7 billion in tax breaks to Boeing over more than two decades to entice the Chicago-based aerospace company to bring the production of its 777X jetliner to the state.
Office Depot Inc. on Tuesday announced it will keep its global headquarters in Boca Raton, Fla., rather than in Naperville.
General Motors product development chief Mary Barra has been named the company’s new CEO, the first female head of a U.S. car company. Barra, 51, will replace Dan Akerson on Jan. 15.
The founder of Lululemon is stepping down as chairman after raising ire with his comments about the body types of potential buyers of the retailer’s yoga pants. The company also said Tuesday it is appointing Laurent Potdevin as its next CEO.
Stocks took a breather Tuesday after U.S. markets notched another record high.
Hampton Creek Foods, which just started selling its first product — Just Mayo mayonnaise — at Whole Foods Markets, is part of a new generation of so-called food-tech ventures that aim to change the way we eat. Funded by prominent Silicon Valley investors and Microsoft founder Bill Gates, Hampton Creek Foods’ mission is to find plant replacements for eggs.
Bensenville-based Norwood Commercial Contractors has agreed to pay workers nearly $400,000 in back wages and damages after a federal investigation. The U.S. Labor Department says many workers were not paid for overtime.
The stock market returned to record territory Monday after a big acquisition in the food industry and as traders hope that a budget deal could be reached in Washington.
McDonald’s said Monday a key sales figure rose 0.5 percent in November, even as the world’s biggest hamburger chain faced tough competition and basically flat traffic in the U.S. Its global sales performance was the same as in October.
Sysco is buying Rosemont-based food distributor US Foods for about $3.5 billion in cash and stock.
American Airlines has emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner after the two completed their deal Monday to create the world’s biggest airline.
Asian stock markets were mostly higher Monday as signs of U.S. economic recovery offset concerns that the Federal Reserve may reduce its monetary stimulus this month.
Federal health officials have approved a highly anticipated hepatitis C drug from Gilead Sciences Inc. that is expected to offer a faster, more palatable cure to millions of people infected with the liver-destroying virus.
One fisherman uses a bike to deliver hundreds of pounds of salmon to local markets. A mom who regularly shuttles her two kids around town once tried to haul a twin mattress home. And some companies are using the bikes to deliver beer kegs or pick up recycling.
A New York judge has refused to block a merger between American Airlines and US Airways, saying a bankruptcy judge was right to reject the arguments made by a lawyer for some consumers.