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Stocks rise as US home construction rebounds

A summer swoon for the stock market appears to be over for now. Investors were encouraged Tuesday by economic reports that suggested growth may be poised to pick up, while inflation remains subdued. A pair of company earnings reports also hinted that consumers may be getting more confident and spending more.


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Lowe’s 2Q profit rises as weather improves


Lowe’s second-quarter net income increased 10 percent, bolstered by improving weather. But the home improvement company lowered its full-year revenue outlook slightly.

PetSmart to consider selling itself

Bowing to pressure from investors, PetSmart Inc. says it is considering putting itself up for sale.

St. Catherine Hospital adds CFO


EAST CHICAGO — St. Catherine Hospital has promoted Art Vasquez to vice president and chief financial officer, a new position. Vasquez was most recently regional director of finance for St. Catherine and Munster’s Community Hospital. He joined Community Healthcare System — the parent company of …

Freeman-Wilson gives keynote address at law firm diversity dinner

CHICAGO -- Gary Mayor Karen Freman-Wilson was the keynote speaker recently at Barnes & Thornburg LLP’s fifth annual Celebration of Diversity dinner at the Palmer House Hilton.

“I’m always humbled to think that people think that I might have something to say,” Freeman-Wilson

said. “My …

GameStop CEO treated for cancerous brain tumor

GameStop Corp. said Tuesday that its chief executive, Paul Raines, had surgery last week to remove a cancerous brain tumor. The prognosis for a full recovery is “very good,” GameStop said in a filing with the Securities and Exchange Commission.

Recaro recalls over 39,000 child safety seats

Recaro is recalling more than 39,000 child safety seats because they can let a child’s head move too far in a crash.

US home construction jumps 15.7 percent in July

U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.

Consumer prices fall in Chicago area

Consumer prices in the Chicago area fell 0.4 percent in July as energy prices eased and food prices held steady. Nationally, consumer prices rose 0.1 percent.

Home Depot 2Q profit climbs 14 percent


Home Depot’s fiscal second-quarter net income increased 14 percent thanks to a rebound in its spring selling season. The No. 1 home improvement retailer’s quarterly performance beat analysts’ estimates, and the Atlanta company raised its full-year earnings forecast again.

Aeropostale rehires Geiger as CEO amid sales slump

Aeropostale is reinstating a past leader as it struggles with sliding sales. Julian Geiger, its former CEO, took over Monday. Thomas Johnson is leaving the board of directors as well as relinquishing the CEO title.

AAR plans jet-repair center at Rockford airport

A $40 million jet-repair and maintenance center is planned for the Rockford airport. Construction will begin next year on the center, which is leased to Wood Dale-based AAR Corp.

Community Health details attack on patient records

The company that owns MetroSouth Medical Center in Blue Island and Vista Medical Center in Waukegan says a cyberattack took information on more than 4 million patients from its computer network earlier this year. Hospital operator Community Health Systems said no medical or credit card records were taken in the attack, which may have happened in April and June.

Ingersoll to buy Cameron unit for $850 million

Ingersoll-Rand PLC said Monday it has agreed to buy the centrifugal compression business from Cameron International Corp. for $850 million, as it looks to grow its compression business.

Dollar General enters bidding for Family Dollar


There’s now a bidding war for Family Dollar, with Dollar General offering a package it values at $9.7 billion for the discounter in an effort to trump Dollar Tree’s bid.

Bourbon production hasn’t been this high since the ’70s


LOUISVILLE, Ky. (AP) — In a business where patience is part of the process, Kentucky bourbon makers are making a big bet by stashing away their largest stockpiles in more than a generation. To put it in bartenders’ lingo: Distillers are putting up the tab …