business
Stocks slump; Dow posts 11th loss in 12 days
NEW YORK (AP) — The Dow Jones industrial average posted its 11th loss in 12 days after a pair of discouraging economic reports unnerved investors already worried about a possible exit from the euro by Greece. The Dow lost 156.06 points to close at 12,442.49. …
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Saturday Ribbon Cutting: A ribbon cutting will begin at 3 p.m. for the Healthcare Training Institute, 2175 Oneida St., Joliet, Suite 100. Special guest: Mayor Thomas Girrante. Drawings, refreshments and tours. For information call 815-254-3738. Monday Joliet chamber: A member luncheon will be from 11:30 …
Stocks lower as Europe overshadows jobs data
Stocks are slipping as unease about Europe overshadows an encouraging report on unemployment claims and good results from big retailers including Wal-Mart Stores.
Caterpillar, union to meet with federal strike mediator
JOLIET — The machinists union, Caterpillar Inc. and a federal mediator were scheduled to meet Thursday to try to resolve a 17-day-old workers strike at the plant on Route 6. Caterpillar spokesman Rusty Dunn said the union requested the meeting. “Caterpillar representatives have agreed to …
Your laptop could come under attack at NATO, experts warn
If you’re downtown during the Chicago NATO Summit, security experts say your laptop and smartphone may be targeted by attackers or borrowed by free-loaders.
Facebook offering soars on cash-out
Facebook’s dizzying IPO continued to scale stratospheric heights Wednesday, when the social-networking giant again revised its offering so it may raise up to $18.4 billion.
U.S. unemployment aid applications stay at 370,000
The number of people seeking U.S. unemployment benefits was unchanged last week, suggesting modest but steady gains in the job market.
As Facebook grows, millions say, ‘no, thanks’
Don’t try to friend MaLi Arwood on Facebook. You won’t find her there. You won’t find Thomas Chin, either. Or Kariann Goldschmitt. Or Jake Edelstein. More than 900 million people worldwide check their Facebook accounts at least once a month, but millions more are Facebook holdouts.
Baldermann lashes out at video gambling process
NEW LENOX — While Mayor Tim Baldermann told the village board video gambling will be on the agenda soon, he railed against state government Monday, blaming Springfield for what he considers a chaotic process. “My biggest concern is doing business with the state,” Baldermann said. …
Joliet approves tobacco license
Tobacco retailers will be licensed by the city of Joliet under a new law aimed at giving the city more control over stores that sell cigarettes to minors.
Merchandise heir Field speaks to Will County Community Foundation
BOLINGBROOK — The Will County Community Foundation’s professional adviser event brought Marshall Field V, the great-great-grandson of merchandising king Marshall Field, to Bolingbrook, where Mayor Roger Claar welcomed him. Ed Dollinger, founding director of The Will County Community Foundation and chairman of the Professional Adviser …
Many employers plan a typical day at the office during NATO Summit
For some it’s an opportunity to work from home in their PJs. For others, it will translate into free lunch and paid time off. For many, it’s still a question whether they’ll work in the office or at home during the NATO summit. But most employers contacted by the Chicago Sun-Times said their workers can expect a typical day at the office, despite transportation headaches, protesters and stepped-up security.
Dow Jones average continues a two-week slide
Europe’s latest political impasse cast a gloom over financial markets Tuesday. The euro plunged, and the Dow Jones industrial average extended a slide that has wiped out nearly 5 percent of its value in two weeks. The markets meandered between gains and losses for much of the day, then turned decisively lower in the last hour of trading.
Groupon, Facebook carry risks, say analysts
The buzz surrounding Groupon and the frenzy over Facebook grow as they promise to change the face of Internet commerce. Yet, even after the share price’s bounce on its earnings, some analysts point to warning signals that should temper the growing exuberance both are enjoying.
Zuckerberg’s birthday kicks off Facebook’s biggest week ever
Facebook’s chief executive Mark Zuckerberg turns 28 on Monday, setting in motion the social network’s biggest week ever. The company is expected to start selling stock to the public for the first time and begin trading on the Nasdaq Stock Market on Friday. The IPO could value Facebook at nearly $100 billion.
JPMorgan Chase top exec to retire after $2 billion fiasco
The chief investment officer at JPMorgan Chase, one of the highest-ranking women on Wall Street, will retire, the company said Monday. She becomes the first casualty of the bank’s $2 billion trading blunder.
