Post-Tribune Latest news from Post-Tribune Online en-us (Editor) Post-Tribune 84 34 30 Copyright 2014 <![CDATA[ Ford profit falls in third quarter on truck costs ]]> Lead story image

Ford’s new aluminum-sided F-150 will be a lot lighter and more efficient when it goes on sale later this year. But for now it’s a serious drag on profits. Net income dropped 34 percent to $835 million in the third quarter, largely due to the cost of launching the pickup. The new F-150, which is 700 pounds lighter due to its aluminum construction, is scheduled to go on sale by the end of this year. Ford has repeatedly warned investors that this year would be difficult financially. It’s launching a record 23 vehicles worldwide, including the F-150 and the new … ]]> Fri, 24 Oct 2014 12:41:08 -0500 <![CDATA[ Business briefs for Oct. 27 ]]>

Furnace Giveaway: is giving away 10 free furnaces and installation for up to 10 Chicago-area and Northwest Indiana families in need this winter. The business is seeking nominations, including self-nominations, which can be submitted at through Oct. 26. Submissions should explain in 500 words why a family or individual could use some heating assistance this winter. is a network of more than 40 local, independent, factory-authorized heating and cooling experts, according to a release about the giveaway. Gary Man Named Driver of the Year: Ronald Smith, of Gary, a father of 11, has been named the recipient … ]]> Sat, 25 Oct 2014 18:57:12 -0500 <![CDATA[ United’s net income soars on lower fuel costs ]]> Lead story image

United Airlines appears to be hitting its stride after struggling to make a 2010 merger pay off. The airline’s formula is lower fuel prices and more revenue for every mile that passengers fly. ]]> Thu, 23 Oct 2014 07:40:00 -0500 <![CDATA[ Chiquita holders reject plans to merge with Fyffes ]]> Lead story image

Chiquita shareholders have rejected plans to merge with Irish fruit importer Fyffes that would have made the world’s largest banana supplier. Chiquita Brands International Inc. said Friday that the shareholders didn’t approve a revised transaction agreement between the two companies during a special shareholders meeting. Chiquita and Fyffes PLC have given notice to terminate their agreement. The proposed agreement with Fyffes was an all-stock deal, with the companies planning to incorporate in Dublin to take advantage of lower tax rates. Chiquita is now based in Charlotte, North Carolina. On Monday proxy advisory firm Institutional Shareholder Services recommended that Chiquita investors … ]]> Fri, 24 Oct 2014 12:37:00 -0500 <![CDATA[ Procter & Gamble taking out its batteries ]]> Lead story image

Procter & Gamble plans to remove its batteries and make Duracell a stand-alone company. The world’s largest consumer products maker, which acquired Duracell in 2005, has been trimming its product lineup to focus on its top performers. After it finishes jettisoning more than half its brands around the globe over the next year or two, P&G said it will be left with about 70 to 80 brands. If a split-off of Duracell occurs, P&G said its shareholders would have the option of exchanging some, none or all of their P&G shares for shares of the new Duracell company. Jon Moeller, … ]]> Fri, 24 Oct 2014 12:46:00 -0500 <![CDATA[ US stocks jump after strong corporate earnings ]]>

A combination of strong company earnings and encouraging economic reports, both in the U.S. and Europe, gave the stock market another day of solid gains on Thursday. ]]> Thu, 23 Oct 2014 15:33:07 -0500 <![CDATA[ Cat’s earnings, revenue beat expectations ]]> Lead story image

Caterpillar’s belt-tightening paid off in the third quarter as the manufacturer easily beat Wall Street expectations and raised its outlook for the year. ]]> Thu, 23 Oct 2014 09:34:35 -0500 <![CDATA[ GM 3Q profit nearly doubles, led by North America ]]> Lead story image

Big profits from rising SUV and truck sales in North America helped General Motors nearly double its third-quarter net profit and more than offset its struggles in Europe and South America. ]]> Thu, 23 Oct 2014 12:13:11 -0500 <![CDATA[ Southwest Airlines 3Q profit rises 27 percent ]]>

More passengers and lower fuel prices are pushing Southwest Airlines to record profits, and the airline expects an even bigger break at the gas pump this winter. ]]> Thu, 23 Oct 2014 07:38:00 -0500 <![CDATA[ American Airlines posts record 3Q profit ]]>

Summer vacations were good for American Airlines. With passengers paying a record amount for every mile and most seats filled, American earned an all-time best $942 million in the June-through-September third quarter. ]]> Thu, 23 Oct 2014 08:28:23 -0500 <![CDATA[ 2-week strike ends at northern Indiana factory ]]>

About 300 workers have ended their two-week strike at a Schneider Electric plant in northern Indiana after approving a new contract. ]]> Wed, 22 Oct 2014 08:56:00 -0500 <![CDATA[ US consumer prices rose 0.1 percent in September ]]>

U.S. consumer prices edged up slightly in September, with the overall increase held back by a third straight monthly decline in gasoline prices. ]]> Wed, 22 Oct 2014 07:54:00 -0500 <![CDATA[ McDonald’s CEO outlines changes as sales slide ]]> Lead story image

McDonald’s CEO Don Thompson said Tuesday the company hasn’t been keeping up with the times and that changes are in store for its U.S. restaurants. ]]> Thu, 23 Oct 2014 12:25:39 -0500 <![CDATA[ Staples investigating possible data breach ]]>

Staples is looking into a potential credit card data breach and has been in touch with law enforcement officials about the issue. ]]> Tue, 21 Oct 2014 07:36:00 -0500 <![CDATA[ Verizon misses Street 3Q forecasts ]]>

Verizon Communications Inc. on Tuesday reported earnings of $3.7 billion in its third quarter. ]]> Tue, 21 Oct 2014 07:34:01 -0500 <![CDATA[ American, US Airways complete cargo combination ]]>

American Airlines and US Airways say they have finished combining their cargo operations. ]]> Mon, 20 Oct 2014 12:08:01 -0500