Walgreens to acquire 32 Drug Fair stores in New Jersey
Walgreen Co. has agreed to acquire 32 stores from Drug Fair Group Inc. in connection with Drug Fair's Chapter 11 bankruptcy filing on Wednesday, the New Jersey drugstore chain operator...
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Jobs vanish–quickly
Chicagoan Dave Truex made a nice living scouring the Midwest for commercial real estate deals on behalf of a Wall Street investment firm. The 25-year-old college grad rented a spiffy...
Kimball Hill Homes to end its operations
Kimball Hill Homes, the Rolling Meadows-based home builder that has operated under Chapter 11 bankruptcy protection since April, said late Tuesday that it would wind down its operations after failing...
Tellabs posts loss, plans cuts
Naperville-based telecommunications equipment-maker Tellabs Inc. is cutting 280 jobs, or about 8 percent of its workforce, as sales weaken in a tough economy. Tellabs spokesman George Stenitzer said most of...
Playboy to eliminate 55 jobs in cost-cutting move
Playboy Enterprises Inc. disclosed in a Wednesday regulatory filing that upcoming cost-cutting measures will include eliminating 55 jobs at the Chicago publishing and entertainment concern. In the Securities and Exchange...
General Growth CFO exits; firm defers dividend
General Growth Properties Inc. said Friday that Chief Financial Officer Bernard Freibaum, who has been obliged to sell millions of company shares to satisfy margin calls, has left the embattled...
Unemployment rate doesn’t count key groups
Actually, the jobless situation is even worse than it looks. By some measures, think more than 10 percent. When the Labor Department measures unemployment, it doesn't include people who have...
Caterpillar transforms overseas
Caterpillar Inc. reported second-quarter earnings that significantly topped Wall Street forecasts Tuesday, as surging sales in developing parts of the globe worked to offset softening economic conditions in the U.S....
‘Oracle’ draws on tart insights
Executives at firms badly hurt by their investment in complex mortgage-related credit securities "really didn't have any idea what risks they were involved with," investor Warren Buffett told an estimated...
Customers, workers left in the lurch as ATA fails
Discount carrier ATA Airlines Inc., crippled by high fuel costs and the loss of a crucial military-charter contract, shut down Thursday after filing for bankruptcy protection from creditors. In a...