Latest news from The Southtown Star Online en-us Wed, 28 Jul 2010 14:10:16 PDT Southtown Star logo 84 34 30 Copyright 2014 <![CDATA[ Stocks close mostly higher on earnings; Apple up ]]> Lead story image

The stock market closed mostly higher Thursday, helped by positive earnings out of several large U.S. companies including Apple and construction equipment maker Caterpillar. ]]> Thu, 24 Apr 2014 16:27:57 -0500 <![CDATA[ GM 1Q profit dragged down by recalls ]]> Lead story image

General Motors on Thursday reported its worst quarterly performance in more than four years as the costs of a series of recalls dragged down earnings. ]]> Thu, 24 Apr 2014 07:32:15 -0500 <![CDATA[ UPS blames winter weather for drop in 1Q profit ]]> Lead story image

First-quarter revenue at UPS slumped 12 percent as winter storms increased costs for the shipping giant and cut into its revenue. The Atlanta company said Thursday that the rough start to the year means that full-year earnings will come in at the low end of its earlier forecasts. ]]> Thu, 24 Apr 2014 08:06:01 -0500 <![CDATA[ FDA proposes first regulations for e-cigarettes ]]> Lead story image

The federal government wants to ban sales of electronic cigarettes to minors and require approval for new products and health warning labels under regulations being proposed by the Food and Drug Administration. ]]> Thu, 24 Apr 2014 12:45:07 -0500 <![CDATA[ Verizon 1Q profit surges on Vodafone-related gains ]]>

Verizon’s $130 billion deal to take over of all of Verizon Wireless is helping lift its profit. ]]> Thu, 24 Apr 2014 07:30:00 -0500 <![CDATA[ US-Japan trade talks suspended without agreement ]]>

Talks between the United States and Japan on a Pacific Rim trade pact have halted for now without any resolution in sight, spoiling plans for a showcase deal during President Barack Obama’s visit to Tokyo. ]]> Thu, 24 Apr 2014 07:28:01 -0500 <![CDATA[ Zimmer buying Biomet in deal valued at $13.35B ]]>

Orthopedic device maker Zimmer is buying privately held Biomet for about $13.35 billion in a move aimed at helping expand its product offerings and services. ]]> Thu, 24 Apr 2014 08:52:11 -0500 <![CDATA[ Procter & Gamble 3Q profit edges up, revenue slips ]]> Lead story image

Procter & Gamble Co.’s fiscal third-quarter net income rose 2 percent as it cut costs to offset sluggish sales in categories like beauty and family products. ]]> Wed, 23 Apr 2014 07:54:00 -0500 <![CDATA[ Orland Township seeks employers for job fair ]]>

Orland Township is looking for employers to participate in its next annual spring job fair, which is scheduled for 10 a.m. to 2 p.m. May 29 at the Orland Township activity center, 14807 S. Ravinia Ave., Orland Park. Employers can take part in the morning session (10 a.m. to noon), afternoon session (noon to 2 p.m.) or both, and will be given a table and up to three chairs for set-up, according to a press release from the township. There are no registration fees, and lunch will be provided. Many employers have filled available positions with applicants they met at … ]]> Tue, 22 Apr 2014 19:32:00 -0500 <![CDATA[ A new grocery store promises the cheapest produce around ]]> Lead story image

Chris Sherrell is promising the cheapest produce in town. That’s a tall order in the Chicago area, where the $17 billion grocery industry is crowded and the margins are razor-thin. Produce often is marked up higher than other goods because it needs a lot of handling and space, and it spoils fast. But Sherrell says his new grocery chain, Fresh Thyme Farmers Markets, will be different — though he’s counting on up to 25 percent of sales from fresh produce. “We are going to bring the natural and organic shopping experience to the masses,” Sherrell said. “We want that everyday … ]]> Tue, 22 Apr 2014 18:28:01 -0500 <![CDATA[ Valeant seeks $45B Botox treatment ]]>

Valeant Pharmaceuticals and activist investor Bill Ackman have unveiled details of their offer to buy Botox maker Allergan, proposing a cash-and-stock deal that could be worth about $45 billion. ]]> Tue, 22 Apr 2014 07:44:01 -0500 <![CDATA[ Comcast 1Q earns surge on upbeat NBC results ]]> Lead story image

Comcast Corp. said Tuesday its first-quarter net income rose by 30 percent as ad revenue surged at broadcast network NBC, helped by the Winter Olympics in Sochi and Jimmy Fallon’s elevation as host of “The Tonight Show.” ]]> Tue, 22 Apr 2014 09:09:25 -0500 <![CDATA[ General Motors seeks more protection from suits ]]>

General Motors Co. has filed suit in a U.S. bankruptcy court asking a judge to protect the company from legal claims for actions that took place before it emerged from bankruptcy in 2009. ]]> Tue, 22 Apr 2014 07:38:00 -0500 <![CDATA[ Harley-Davidson 1Q earnings up 18.7 percent ]]> Lead story image

Harley-Davidson’s first-quarter earnings rose 18.7 percent as motorcycle sales grew worldwide and efficiency efforts took hold. The Milwaukee company says global sales of new motorcycles grew 5.8 percent in the quarter as buyers responded to its new models. ]]> Tue, 22 Apr 2014 07:36:01 -0500 <![CDATA[ Novartis, GSK, Lilly in multibillion-dollar deals ]]>

Swiss pharmaceutical giant Novartis AG announced a series of multibillion-dollar deals Tuesday with other major pharmaceutical companies that it said would reduce sales but boost profitability, while affecting some 15,000 of its employees globally. ]]> Tue, 22 Apr 2014 07:46:00 -0500 <![CDATA[ UAW withdraws appeal of Volkswagen union vote ]]>

The United Auto Workers announced Monday it is withdrawing its appeal of the outcome of a union vote at Volkswagen’s assembly plant in Tennessee. ]]> Mon, 21 Apr 2014 09:02:21 -0500