Chrysler dropping Compass, Town and Country
Chrysler Group's Belvidere plant will stop making the Jeep Compass crossover by 2014, according to trade press reports. The move is part of a switch in focus to the new...
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Hiring survey: More companies holding out for ‘right’ employee
More than a third of all employers globally are facing a shortage of skilled workers, but they are reluctant to hire until the right people come along, according to an...
Tribune Co. top managers stand to reap up to $45 million in bonuses
Tribune Co. won bankruptcy court approval to pay 425 managers incentive bonuses totaling $15 million to $45 million if the Chicago-based media company meets certain cash flow goals in 2012....
Caterpillar to move work from Joliet to South Carolina
Peoria-based Caterpillar Inc. said Wednesday that it plans to move work from its plant in Joliet to another facility in Sumter, S.C., creating 80 jobs in South Carolina, though it...
Steve Harvey hitting town with new show
Comedian Steve Harvey will host a new syndicated daily TV show at WMAQ/NBC 5 studios in downtown Chicago, creating an estimated 100 local jobs, officials at NBCUniversal and Illinois Gov.Pat...
Ryerson takes stake in Brazilian steel center
Chicago-based steel processor Ryerson Inc. said Friday that it acquired a 50 percent stake in a Brazilian steel service center that will expand its business into South America for the...
Stronger smartphone sales lift U.S. Cellular outlook
Chicago-based U.S. Cellular Corp. reported a jump in fourth-quarter service revenue Friday and projected slight revenue gains for the full year 2012.Fourth-quarter earnings fell to $2.8 million from $7.8 million...
Sun-Times’ new owners envision highly digital delivery, products
When James Tyree assembled a group of local investors to rescue the Chicago Sun-Times from bankruptcy in 2009, it staved off what some thought would be the end of the...
Tribune Co. bankruptcy case haunting former shareholders
On Nov. 8, a two-page letter appeared on Tribune Co.'s bankruptcy court docket, wedged between the usual stream of motions and lawyer fee applications. It was written to the judge...
Chase helps CEO on sale of Gold Coast mansion
When Jamie Dimon, the chairman and chief executive of JPMorgan Chase & Co., finally sold his Gold Coast mansion at 25 E. Banks St. in 2010 after it was on...