Post-Tribune Latest news from Post-Tribune Online en-us (Editor) Post-Tribune 84 34 30 Copyright 2014 <![CDATA[ Stocks end little changed ahead of earnings rush ]]> Lead story image

U.S. stocks ended little changed Monday as traders wait for key economic and earnings reports later this week. ]]> Mon, 28 Jul 2014 15:28:41 -0500 <![CDATA[ Ford raising prices on new F-150 ]]>

Ford is raising the price of its new aluminum-sided pickup truck, but still trying to stay competitive with rivals. The F-150 goes on sale later this year. ]]> Mon, 28 Jul 2014 16:18:00 -0500 <![CDATA[ Dollar Tree buying Family Dollar for $8.5 billion ]]> Lead story image

Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion. ]]> Mon, 28 Jul 2014 07:35:04 -0500 <![CDATA[ Lloyds bank settles with US, UK over market fixing ]]>

Lloyds Banking Group says it will pay $400 million to U.S. and British authorities to settle allegations it manipulated benchmark interest rates. ]]> Mon, 28 Jul 2014 08:48:01 -0500 <![CDATA[ Samsung postpones launch of Tizen smartphone ]]>

Samsung Electronics Co. said Monday it is delaying sales of its first Tizen-powered smartphone in the latest setback to the company’s ambition to create a mobile platform to rival Google’s Android or Apple’s iOS. ]]> Mon, 28 Jul 2014 07:28:00 -0500 <![CDATA[ Aurora meat supplier pulls products in China ]]>

OSI Group, an Aurora-based company at the center of a food scandal in China, said that it was pulling all of the products produced by its Shanghai Husi unit from the marketplace. The company was thrust into the spotlight last week when a Chinese TV station reported that the Shanghai plant had repackaged old beef and chicken and slapped new expiration dates on them. OSI owns the unit, which supplies meat for some of the world’s most popular foods, including the Big Macs and Quarter Pounders served at McDonald’s restaurants. OSI, a privately held company, said in a statement published … ]]> Sun, 27 Jul 2014 22:28:49 -0500 <![CDATA[ Ford fires engineer who planted recording devices ]]>

A lawyer says a Ford Motor Co. engineer was fired after she placed listening devices in meeting rooms at its headquarters. ]]> Fri, 25 Jul 2014 16:04:01 -0500 <![CDATA[ Molson Coors Brewing CEO to retire at year’s end ]]>

Molson Coors Brewing Co. president and CEO Peter S. Swinburn is retiring at year’s end. He’ll be succeeded by Mark R. Hunter, who serves as CEO and president of Molson Coors Europe. ]]> Fri, 25 Jul 2014 08:55:41 -0500 <![CDATA[ Fast food workers prepare to escalate wage demands ]]> Lead story image

Fast food workers say they’re prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers are expected to discuss the future of the effort that has spread to dozens of cities in less than two years. ]]> Fri, 25 Jul 2014 16:53:39 -0500 <![CDATA[ Orders for US durable goods up 0.7 percent in June ]]> Lead story image

Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans. ]]> Fri, 25 Jul 2014 08:00:00 -0500 <![CDATA[ US agency probes Hyundai Sonata air bag problem ]]> Lead story image

U.S. safety regulators are investigating whether an electrical problem can knock out the air bags on some older Hyundai Sonatas. The probe announced Friday covers about 394,000 midsize cars from the 2006 through 2008 model years. ]]> Fri, 25 Jul 2014 11:16:08 -0500 <![CDATA[ BSkyB to create multinational European TV network ]]>

London-based pay TV network BSkyB has agreed to take control of its sister companies in Italy and Germany, creating a multinational European broadcaster. The deal could have a wider impact on the media industry, giving Rupert Murdoch’s 21st Century Fox a cash boost to potentially revive its attempt to buy Time Warner. ]]> Fri, 25 Jul 2014 07:58:00 -0500 <![CDATA[ Chicken off McDonald’s HK menu ]]>

McDonald’s restaurants in Hong Kong have taken chicken nuggets and chicken burgers off the menu after a mainland Chinese supplier was accused of selling expired meat. The Oak Brook-based fast-food chain said late Thursday that it “suspended relevant food ingredients” at Hong Kong outlets in light of the scandal surrounding Shanghai Husi Food Co., owned by OSI Group of Aurora. Chinese authorities detained five Husi employees after a TV station reported last weekend that the company repackaged and sold meat past its use-by date. McDonald’s in Hong Kong said it used chicken from a Husi factory, but it wasn’t the … ]]> Thu, 24 Jul 2014 23:51:07 -0500 <![CDATA[ Proxy adviser says Sprint CEO was paid too much ]]> Lead story image

NEW YORK — Institutional Shareholder Services, a leading shareholder advisory firm, is telling shareholders to protest Sprint Corp. CEO Dan Hesse’s $49 million 2013 pay package, saying it’s excessive and not tied to performance. Hesse got a special $18.7 million “retention” award in connection with Softbank Corp. of Japan buying 70 percent of Sprint last year. That helped put his pay package above three times the median pay for a CEO of a comparable company, ISS says. Shareholders will vote on approving the executive pay package Aug. 6. The vote is only advisory, but boards take “no” votes seriously. Sprint, … ]]> Thu, 24 Jul 2014 18:49:35 -0500 <![CDATA[ US unemployment aid applications drop to 284,000 ]]>

WASHINGTON — The number of people seeking U.S. unemployment benefits fell last week to its lowest level in more than eight years. Weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000, the Labor Department said Thursday. That’s the lowest reading since February 2006, nearly two years before the Great Recession began. The four-week average, a less volatile measure, declined 7,250 to 302,000. Claims for jobless aid have been falling for the past three months. Recent reports have coincided with the temporary summer shutdowns of auto plants, yet the impact of those closures is addressed through seasonal adjustments. … ]]> Thu, 24 Jul 2014 11:14:01 -0500 <![CDATA[ GM recalls another 718K cars, trucks ]]> Lead story image

General Motors issued six more recalls on Wednesday, bringing its annual total to 60 recalls covering almost 30 million vehicles. ]]> Wed, 23 Jul 2014 13:22:48 -0500