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[ Judge won’t order recalled GM cars to be parked ]]> Lead story image

A Texas federal judge has denied an emergency motion that would have forced General Motors to tell owners of more than 2 million recalled cars to stop driving them until the ignition switches are replaced. ]]> Thu, 17 Apr 2014 14:44:00 -0500 http://www.suntimes.com/business/26905321-420/judge-wont-order-recalled-gm-cars-to-be-parked.html http://www.suntimes.com/business/26905321-420/judge-wont-order-recalled-gm-cars-to-be-parked.html <![CDATA[ US stock market ends higher as earnings pour in ]]> Lead story image

A batch of U.S. company earnings drove stocks mostly higher on Thursday. The major stock indexes shifted between small gains and losses ahead of their scheduled close for Good Friday. The gains kept the indexes ahead for the week, though the remained down for the month. ]]> Thu, 17 Apr 2014 16:52:33 -0500 http://www.suntimes.com/business/26900246-420/us-stock-market-ends-higher-as-earnings-pour-in.html http://www.suntimes.com/business/26900246-420/us-stock-market-ends-higher-as-earnings-pour-in.html <![CDATA[ Ford to sell Lincoln cars in China for first time ]]> Lead story image

Ford Motor Co. said Thursday it will sell high-end Lincoln cars in China for the first time later this year when it opens eight dealerships in seven cities. ]]> Thu, 17 Apr 2014 07:42:00 -0500 http://www.suntimes.com/business/26899046-420/ford-to-sell-lincoln-cars-in-china-for-first-time.html http://www.suntimes.com/business/26899046-420/ford-to-sell-lincoln-cars-in-china-for-first-time.html <![CDATA[ Chipotle plans first price hike in 3 years ]]> Lead story image

Mexican food chain Chipotle said Thursday it will raise prices for the first time in three years as its popularity continues to soar. Menu boards with the new prices should start rolling out in coming weeks and be in place at all restaurants by this summer. ]]> Thu, 17 Apr 2014 15:47:02 -0500 http://www.suntimes.com/business/26899157-420/chipotle-plans-first-price-hike-in-3-years.html http://www.suntimes.com/business/26899157-420/chipotle-plans-first-price-hike-in-3-years.html <![CDATA[ PepsiCo 1Q jumps on snack sales, cost cuts ]]> Lead story image

PepsiCo reported a stronger-than-expected first-quarter profit as the company slashed costs and sold more snacks around the world. ]]> Thu, 17 Apr 2014 07:40:00 -0500 http://www.suntimes.com/business/26898976-420/pepsico-1q-jumps-on-snack-sales-cost-cuts.html http://www.suntimes.com/business/26898976-420/pepsico-1q-jumps-on-snack-sales-cost-cuts.html <![CDATA[ UnitedHealth’s 1Q profit tumbles 8 percent ]]>

UnitedHealth Group’s first-quarter net income slid 8 percent as fees and funding cuts from the health care overhaul helped dent the performance of the nation’s largest health insurer. ]]> Thu, 17 Apr 2014 07:38:00 -0500 http://www.suntimes.com/business/26898985-420/unitedhealths-1q-profit-tumbles-8-percent.html http://www.suntimes.com/business/26898985-420/unitedhealths-1q-profit-tumbles-8-percent.html <![CDATA[ Post Holdings to buy Michael Foods for $2.45B ]]>

Cereal maker Post Holdings Inc. is buying fellow packaged food maker Michael Foods Inc. in a $2.45 billion deal that will expand Post’s range of products. ]]> Thu, 17 Apr 2014 07:36:00 -0500 http://www.suntimes.com/business/26899061-420/post-holdings-to-buy-michael-foods-for-245b.html http://www.suntimes.com/business/26899061-420/post-holdings-to-buy-michael-foods-for-245b.html <![CDATA[ Fed stimulus still needed for job market: Yellen ]]>

Federal Reserve Chair Janet Yellen said Wednesday that the U.S. job market still needs help from the Fed and that the central bank must remain intent on adjusting its policy to respond to unforeseen challenges. ]]> Wed, 16 Apr 2014 12:31:26 -0500 http://www.suntimes.com/business/26882107-420/fed-stimulus-still-needed-for-job-market-yellen.html http://www.suntimes.com/business/26882107-420/fed-stimulus-still-needed-for-job-market-yellen.html <![CDATA[ US stocks close higher for third day in a row ]]> Lead story image

Investors drove stock prices to their highest level in a week Wednesday, encouraged by a crop of corporate earnings and reassuring U.S. and Chinese economic data. ]]> Wed, 16 Apr 2014 16:50:54 -0500 http://www.suntimes.com/business/26880216-420/us-stocks-close-higher-for-third-day-in-a-row.html http://www.suntimes.com/business/26880216-420/us-stocks-close-higher-for-third-day-in-a-row.html <![CDATA[ Bank of America posts loss, hurt by legal expenses ]]>

Bank of America says it swung to a loss in the first quarter, hurt by $6 billion in legal expenses. ]]> Wed, 16 Apr 2014 07:28:00 -0500 http://www.suntimes.com/business/26879044-420/bank-of-america-posts-loss-hurt-by-legal-expenses.html http://www.suntimes.com/business/26879044-420/bank-of-america-posts-loss-hurt-by-legal-expenses.html <![CDATA[ Court rejects bankruptcy protection for Mt. Gox ]]>

The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application. ]]> Wed, 16 Apr 2014 07:26:00 -0500 http://www.suntimes.com/business/26879046-420/court-rejects-bankruptcy-protection-for-mt-gox.html http://www.suntimes.com/business/26879046-420/court-rejects-bankruptcy-protection-for-mt-gox.html <![CDATA[ Ford to offer 50th anniversary Mustang ]]> Lead story image

Ford is building a limited-edition Mustang GT to honor the pony car’s 50th anniversary. The company will only build 1,964 special cars, honoring the year the Mustang first went on sale. ]]> Wed, 16 Apr 2014 10:08:09 -0500 http://www.suntimes.com/business/26879052-420/ford-to-offer-50th-anniversary-mustang.html http://www.suntimes.com/business/26879052-420/ford-to-offer-50th-anniversary-mustang.html <![CDATA[ GM to ask bankruptcy court for lawsuit protection ]]>

General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy. ]]> Wed, 16 Apr 2014 07:22:00 -0500 http://www.suntimes.com/business/26879061-420/gm-to-ask-bankruptcy-court-for-lawsuit-protection.html http://www.suntimes.com/business/26879061-420/gm-to-ask-bankruptcy-court-for-lawsuit-protection.html <![CDATA[ Zebra to spend $3.45B on Motorola Solutions unit ]]> Lead story image

Zebra Technologies will spend more than $3 billion to buy the enterprise business of Motorola Solutions in a considerable expansion that is both technological and geographical. ]]> Tue, 15 Apr 2014 09:41:15 -0500 http://www.suntimes.com/business/26860042-420/zebra-to-spend-345b-on-motorola-solutions-unit.html http://www.suntimes.com/business/26860042-420/zebra-to-spend-345b-on-motorola-solutions-unit.html <![CDATA[ Yellen: Mega-banks might need to hold more capital ]]> Lead story image

Federal Reserve Chair Janet Yellen said Tuesday that the largest U.S. banks might need to hold additional capital to withstand periods of financial stress. ]]> Tue, 15 Apr 2014 09:39:39 -0500 http://www.suntimes.com/business/26860574-420/yellen-mega-banks-might-need-to-hold-more-capital.html http://www.suntimes.com/business/26860574-420/yellen-mega-banks-might-need-to-hold-more-capital.html