Post-Tribune

Stocks fade, post first weekly loss in a month

Fri, 24 May 2013 15:21:29 -0500

Stocks prices closed mostly lower on Wall Street, giving the market its first weekly loss in a month.

Walmart to sell frozen Fatburger patties

Fri, 24 May 2013 15:24:01 -0500

Fatburger, a chain with a devoted following on the West Coast, said Friday it will sell its branded frozen beef patties in Walmart stores nationwide.

News Corp. OKs poison pill, buyback before split

Fri, 24 May 2013 14:45:02 -0500

News Corp. said its board has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile takeover in the volatile trading period after the split is complete.

US durable goods orders rise 3.3 percent in April

Fri, 24 May 2013 08:44:00 -0500

U.S. orders for long-lasting manufactured goods rose 3.3 percent in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring.

Summer travel forecast: Better, but no blowout

Fri, 24 May 2013 08:12:00 -0500

Airlines, hotels and campgrounds are commanding higher rates and seeing more customers than a few summers ago. But for a travel industry still stinging from the Great Recession, the best it can likely hope for is another summer of steady, but slow, recovery.

Some unions now angry about health care overhaul

Fri, 24 May 2013 07:58:01 -0500

Some labor unions that initially backed President Barack Obama’s health care overhaul are now frustrated and angry about what they say are unexpected consequences of the plan that could hurt their members.

Hobby Lobby tests birth-control coverage mandate

Fri, 24 May 2013 07:54:01 -0500

Hobby Lobby Stores Inc. asked a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.

Japan’s ANA to resume Boeing 787 flights Sunday

Fri, 24 May 2013 07:50:00 -0500

Japan’s All Nippon Airways, the launch customer for Boeing’s 787 “Dreamliner,” will resume commercial flights of the aircraft on Sunday, just over four months after the jets were grounded due to smoldering batteries.

Sears reports bigger-than-expected loss

Fri, 24 May 2013 07:46:00 -0500

It was another ugly quarter for Sears Holdings Corp. The beleaguered department-store chain reported a steeper-than-expected loss for its first quarter on slumping sales.

Procter & Gamble brings back A.G. Lafley as CEO

Thu, 23 May 2013 18:44:00 -0500

NEW YORK (AP) — Procter & Gamble is bringing back former CEO A.G. Lafley, a 33-year industry veteran, to its top post in a surprise move as the world’s largest consumer goods maker tries to improve its results globally.

2 Indiana hospital systems cutting jobs, other costs

Thu, 23 May 2013 17:10:01 -0500

INDIANAPOLIS (AP) — Two Indiana hospital systems say they’re both cutting an undisclosed number of jobs by June 30 because of increasing economic and competitive pressure on the health care industry. Indianapolis-based St. Vincent Health and Evansville-based St. Mary Health announced Thursday that restructurings of their workforces will result in cuts to employed and contracted workers. Both are affiliated with St. Louis-based Catholic hospital group Allegiant Health and say they’re faced with budget shortfalls, decreasing reimbursement, and the national health care overhaul’s mandated reduction in payments. St. Vincent’s 22-hospital network website employs more than 3,000 physicians and 18,000 other employees. …

Pepper your wardrobe with ‘Gatsby’ glitz for less

Thu, 23 May 2013 14:04:01 -0500

Baz Luhrmann’s big screen adaption of “The Great Gatsby” is shining a spotlight on Roaring Twenties glam fashions, from drop-waist dresses and head scarves to crisp bow ties and spectator shoes. But you don’t need a wallet the size of Jay Gatsby’s to get the look.

McDonald’s can’t shake criticism about nutrition

Thu, 23 May 2013 14:00:02 -0500

McDonald’s was taken to task at its shareholders meeting Thursday by speakers associated with an advocacy group about its menu and marketing toward kids. Among the speakers was a 9-year-old girl who asked CEO Don Thompson to stop “tricking kids into eating your food.”

Boat dock planned for downtown Indianapolis canal

Thu, 23 May 2013 22:48:16 -0500

INDIANAPOLIS (AP) — Construction is expected to begin soon on a boat dock for the downtown Indianapolis canal. City officials say the new dock will make it easier for those who rent pedal boats to climb in and out of them and prevent damage to the canal’s concrete walls. The Indianapolis Star reports city officials have awarded a $40,000 contract for the project and that work should start in early June. Wheel Fun Rentals owner Rob Reynolds says the new boat lifts included with the dock will make for safer loading and unloading, particularly for customers with balance issues. Pedal …

US new home sales up 2.3 percent in April

Thu, 23 May 2013 11:25:40 -0500

Sales of new homes rose in April to the second-highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.

Dover to spin off communications businesses

Thu, 23 May 2013 09:04:01 -0500

Equipment maker Dover Corp. said Thursday its board has approved a plan to spin off some of its communication technologies businesses into a new publicly traded company known as Knowles Corp.