Chicago Sun-Times Latest news from the Chicago Sun-Times Online en-us (Editor) Newspapers Chicago Sun-Times 84 34 30 Copyright 2014 <![CDATA[ Good news on economy pushes stocks to record highs ]]> Lead story image

More encouraging economic news and friendly signals from the Federal Reserve cheered investors on Thursday, as the S&P 500 and Dow Jones industrial average closed at all-time highs. ]]> Thu, 18 Sep 2014 16:06:58 -0500 <![CDATA[ US families need to boost savings: Yellen ]]> Lead story image

The Great Recession showed that a large number of American families are “extraordinarily vulnerable” to financial setbacks because they have few assets to fall back on, Federal Reserve chairman Janet Yellen said Thursday. ]]> Thu, 18 Sep 2014 09:02:01 -0500 <![CDATA[ US home construction drops 14.4 percent in August ]]> Lead story image

U.S. home construction plunged in August, led by steep decline in the volatile apartment category. Single-family house construction fell by a modest amount. ]]> Thu, 18 Sep 2014 08:58:00 -0500 <![CDATA[ Applications for US jobless benefits fall sharply ]]> Lead story image

The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening. ]]> Thu, 18 Sep 2014 08:56:00 -0500 <![CDATA[ Bayer to split off polymer division with IPO ]]>

German pharmaceuticals and chemicals company Bayer AG says it plans a separate stock listing for its polymer division. ]]> Thu, 18 Sep 2014 08:54:00 -0500 <![CDATA[ Expansions planned at 2 Indiana RV factories ]]>

Thor Industries is planning expansion projects at two recreational vehicle factories in northern Indiana. ]]> Thu, 18 Sep 2014 08:46:00 -0500 <![CDATA[ Boeing venture hires Bezos to build rocket engines ]]> founder Jeff Bezos plans to build a rocket engine that would eventually replace the Russian mainstay used in many American unmanned launches. United Launch Alliance, a collaboration of Lockheed Martin and Chicago-based Boeing that launches unmanned rockets, announced Wednesday that it will pay Bezos’ Blue Origin space firm to develop new rocket engines. In about four years, the launch alliance hopes to start using the new engines in Delta and Atlas rockets. Some experts worry that tensions over Ukraine might interrupt the supply of Russian engines, but alliance chief Tory Bruno said that’s not a problem. Bezos said he … ]]> Wed, 17 Sep 2014 18:32:00 -0500 <![CDATA[ Fed signals plan to keep key rate at record low ]]> Lead story image

The Federal Reserve signaled Wednesday it plans to keep a key interest rate at a record low for a considerable period because a broad range of U.S. economic measures remain subpar. ]]> Wed, 17 Sep 2014 13:36:00 -0500 <![CDATA[ Kohl’s holiday hiring to rise by a third ]]>

Kohl’s Corp. says it will hire more than 67,000 seasonal workers nationwide for the holiday shopping season, about a third more than last year’s 50,000. ]]> Wed, 17 Sep 2014 09:26:00 -0500 <![CDATA[ US consumer prices fall 0.2 percent in August ]]> Lead story image

U.S. consumer prices edged down in August, the first monthly drop since the spring of 2013, as gasoline, airline tickets and clothing prices all fell. It was the latest evidence that inflation remains under control. ]]> Wed, 17 Sep 2014 07:57:41 -0500 <![CDATA[ Family Dollar tells investors to reject takeover ]]> Lead story image

Family Dollar is telling shareholders to reject an unsolicited, $9.1 billion takeover bid by its rival, Dollar General. Family Dollar is trying to arrange a sale to another bargain chain, Dollar Tree. ]]> Wed, 17 Sep 2014 07:54:19 -0500 <![CDATA[ General Mills misses Street 1Q forecasts ]]>

General Mills Inc. on Wednesday reported profit of $345.2 million in its fiscal first quarter, falling short of Wall Street expectations. ]]> Wed, 17 Sep 2014 08:14:00 -0500 <![CDATA[ FedEx tops Street 1Q forecasts ]]>

FedEx Corp. on Wednesday reported profit of $606 million in its fiscal first quarter, beating Wall Street expectations. ]]> Wed, 17 Sep 2014 08:14:00 -0500 <![CDATA[ Sony forecasts $2B loss as smartphones lag ]]>

Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business. ]]> Wed, 17 Sep 2014 08:10:00 -0500 <![CDATA[ Humana board OKs $2 billion in share repurchases ]]>

Humana’s board of directors has replaced the health insurer’s share buyback plan with a bigger authorization for $2 billion in repurchases. ]]> Tue, 16 Sep 2014 09:10:01 -0500