Chicago Sun-Times http://www.suntimes.com Latest news from the Chicago Sun-Times Online en-us webmaster@suntimes.com (Editor) Newspapers http://www.suntimes.com/csp/cms/sites/STM/assets/img/logos/suntimes.gif Chicago Sun-Times http://www.suntimes.com 84 34 30 Copyright 2014 <![CDATA[ Ford raising prices on new F-150 ]]>

Ford is raising the price of its new aluminum-sided pickup truck, but still trying to stay competitive with rivals. The F-150 goes on sale later this year. ]]> Mon, 28 Jul 2014 16:18:00 -0500 http://www.suntimes.com/business/28925142-420/ford-raising-prices-on-new-f-150.html http://www.suntimes.com/business/28925142-420/ford-raising-prices-on-new-f-150.html <![CDATA[ Motorola Mobility’s old HQ gets a buyer ]]> Lead story image

Motorola Mobility’s 1.2 million-square-foot former headquarters in Libertyville has been sold for $9.5 million. Beco Management said it will spend $50 million to turn the five-building, 84-acre complex into Innovation Park, Chicago-Libertyville. ]]> Mon, 28 Jul 2014 15:56:56 -0500 http://www.suntimes.com/business/28922928-420/motorola-mobilitys-old-hq-gets-a-buyer.html http://www.suntimes.com/business/28922928-420/motorola-mobilitys-old-hq-gets-a-buyer.html <![CDATA[ Stocks end little changed ahead of earnings rush ]]> Lead story image

U.S. stocks ended little changed Monday as traders wait for key economic and earnings reports later this week. ]]> Mon, 28 Jul 2014 15:28:41 -0500 http://www.suntimes.com/business/28917914-420/stocks-end-little-changed-ahead-of-earnings-rush.html http://www.suntimes.com/business/28917914-420/stocks-end-little-changed-ahead-of-earnings-rush.html <![CDATA[ Lloyds bank settles with US, UK over market fixing ]]>

Lloyds Banking Group says it will pay $400 million to U.S. and British authorities to settle allegations it manipulated benchmark interest rates. ]]> Mon, 28 Jul 2014 08:48:01 -0500 http://www.suntimes.com/business/28916512-420/lloyds-bank-settles-with-us-uk-over-market-fixing.html http://www.suntimes.com/business/28916512-420/lloyds-bank-settles-with-us-uk-over-market-fixing.html <![CDATA[ Dollar Tree buying Family Dollar for $8.5 billion ]]> Lead story image

Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion. ]]> Mon, 28 Jul 2014 07:35:04 -0500 http://www.suntimes.com/business/28915367-420/dollar-tree-buying-family-dollar-for-85-billion.html http://www.suntimes.com/business/28915367-420/dollar-tree-buying-family-dollar-for-85-billion.html <![CDATA[ Samsung postpones launch of Tizen smartphone ]]>

Samsung Electronics Co. said Monday it is delaying sales of its first Tizen-powered smartphone in the latest setback to the company’s ambition to create a mobile platform to rival Google’s Android or Apple’s iOS. ]]> Mon, 28 Jul 2014 07:28:00 -0500 http://www.suntimes.com/business/28915365-420/samsung-postpones-launch-of-tizen-smartphone.html http://www.suntimes.com/business/28915365-420/samsung-postpones-launch-of-tizen-smartphone.html <![CDATA[ Aurora meat supplier pulls products in China ]]>

OSI Group, an Aurora-based company at the center of a food scandal in China, said that it was pulling all of the products produced by its Shanghai Husi unit from the marketplace. The company was thrust into the spotlight last week when a Chinese TV station reported that the Shanghai plant had repackaged old beef and chicken and slapped new expiration dates on them. OSI owns the unit, which supplies meat for some of the world’s most popular foods, including the Big Macs and Quarter Pounders served at McDonald’s restaurants. OSI, a privately held company, said in a statement published … ]]> Sun, 27 Jul 2014 22:28:49 -0500 http://www.suntimes.com/business/28911313-420/aurora-meat-supplier-pulls-products-in-china.html http://www.suntimes.com/business/28911313-420/aurora-meat-supplier-pulls-products-in-china.html <![CDATA[ Boeing CEO McNerney apologizes for saying employees were ‘cowering’ ]]>

SEATTLE — Boeing Co. CEO Jim McNerney apologized Friday for saying the aerospace giant’s employees were “cowering” during his tenure, a comment one union official called “a new low” in the company’s relationship with workers. McNerney made the remark during a Wednesday call with analysts when he was asked if he is thinking about retiring after he turns 65 next month. McNerney said he won’t retire because “the heart will still be beating, the employees will still be cowering,” The Seattle Times reported. In an apology sent companywide, McNerney said the comment made during a call about the company’s quarterly … ]]> Sun, 27 Jul 2014 00:22:01 -0500 http://www.suntimes.com/business/28894344-420/boeing-ceo-mcnerney-apologizes-for-saying-employees-were-cowering.html http://www.suntimes.com/business/28894344-420/boeing-ceo-mcnerney-apologizes-for-saying-employees-were-cowering.html <![CDATA[ Fast food workers vow civil disobedience ]]> Lead story image

Fast food workers from across the country have voted in suburban Chicago to escalate their campaign for higher wages and union representation by including civil disobedience. ]]> Sat, 26 Jul 2014 20:01:58 -0500 http://www.suntimes.com/business/28885167-420/fast-food-workers-vow-civil-disobedience.html http://www.suntimes.com/business/28885167-420/fast-food-workers-vow-civil-disobedience.html <![CDATA[ Ford fires engineer who planted recording devices ]]>

A lawyer says a Ford Motor Co. engineer was fired after she placed listening devices in meeting rooms at its headquarters. ]]> Fri, 25 Jul 2014 16:04:01 -0500 http://www.suntimes.com/business/28866599-420/ford-fires-engineer-who-planted-recording-devices.html http://www.suntimes.com/business/28866599-420/ford-fires-engineer-who-planted-recording-devices.html <![CDATA[ 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. ]]> Fri, 25 Jul 2014 08:55:41 -0500 http://www.suntimes.com/business/28859991-420/molson-coors-brewing-ceo-to-retire-at-years-end.html http://www.suntimes.com/business/28859991-420/molson-coors-brewing-ceo-to-retire-at-years-end.html <![CDATA[ Fast food workers prepare to escalate wage demands ]]> Lead story image

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. ]]> Fri, 25 Jul 2014 16:53:39 -0500 http://www.suntimes.com/business/28859922-420/fast-food-workers-prepare-to-escalate-wage-demands.html http://www.suntimes.com/business/28859922-420/fast-food-workers-prepare-to-escalate-wage-demands.html <![CDATA[ Orders for US durable goods up 0.7 percent in June ]]> Lead story image

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. ]]> Fri, 25 Jul 2014 08:00:00 -0500 http://www.suntimes.com/business/28859650-420/orders-for-us-durable-goods-up-07-percent-in-june.html http://www.suntimes.com/business/28859650-420/orders-for-us-durable-goods-up-07-percent-in-june.html <![CDATA[ US agency probes Hyundai Sonata air bag problem ]]> Lead story image

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. ]]> Fri, 25 Jul 2014 11:16:08 -0500 http://www.suntimes.com/business/28859628-420/us-agency-probes-hyundai-sonata-air-bag-problem.html http://www.suntimes.com/business/28859628-420/us-agency-probes-hyundai-sonata-air-bag-problem.html <![CDATA[ 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. ]]> Fri, 25 Jul 2014 07:58:00 -0500 http://www.suntimes.com/business/28859634-420/bskyb-to-create-multinational-european-tv-network.html http://www.suntimes.com/business/28859634-420/bskyb-to-create-multinational-european-tv-network.html