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  • 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.

  • Dollar Tree buying Family Dollar for $8.5 billion

    Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.

  • 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.

  • 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.

  • 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 …Read More

  • 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.

  • 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.

  • Fast food workers prepare to escalate wage demands

    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.

  • Orders for US durable goods up 0.7 percent in June

    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.

  • US agency probes Hyundai Sonata air bag problem

    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.

  • 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.

    Chicken off McDonald’s HK menu

    McDonald’s restaurants in Hong Kong have taken chicken nuggets and chicken burgers off the menu after a mainland Chinese supplier was accused of selling expired meat. The Oak Brook-based fast-food chain said late Thursday that it “suspended relevant food ingredients” at Hong Kong outlets in …

    Proxy adviser says Sprint CEO was paid too much

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    NEW YORK — Institutional Shareholder Services, a leading shareholder advisory firm, is telling shareholders to protest Sprint Corp. CEO Dan Hesse’s $49 million 2013 pay package, saying it’s excessive and not tied to performance. Hesse got a special $18.7 million “retention” award in connection with …

    Developer plans gigabit network at ex-U.S. Steel site on S. Side

    Ultra-high-speed Internet access is back on the map for Chicago’s South Side, with a new large-scale launch now in the planning stages for the former U.S. Steel South Works site redevelopment at 87th Street and South Lake Shore Drive. The latest plan for a gigabit fiber-optic network — sending 1 billion bits of data per second as instant pulses of light up to 100 times the speed of today’s cable signals — would start construction within the next year if the site’s developer, McCaffery Interests, has its way.

    US unemployment aid applications drop to 284,000

    WASHINGTON — The number of people seeking U.S. unemployment benefits fell last week to its lowest level in more than eight years. Weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000, the Labor Department said Thursday. That’s the lowest reading since February …