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Illinois

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  • Illinois unemployment dips to 8.8 percent Thursday, 18 Oct 2012 | 1:51 PM ET

    CHICAGO-- Illinois' unemployment rate dipped to 8.8 percent in September. And the Illinois Department of Employment Security says the seasonally adjusted figures reported Thursday show Illinois' unemployment rate has fallen 10 times in the past 13 months.

  • Baxter 3Q earnings meet Wall Street estimates Thursday, 18 Oct 2012 | 1:27 PM ET

    DEERFIELD, Ill.-- Drug and medical device maker Baxter International reported third-quarter results Thursday that edged 1 percent higher as the company trimmed expenses, meeting Wall Street expectations. The company's profit rose slightly to $583 million, or $1.06 per share, from $576 million, or $1.01 per share, in the prior-year period.

  • House tea party icons face re-election challenges Thursday, 18 Oct 2012 | 1:18 PM ET

    Michele Bachmann's tendency to cause a ruckus on Capitol Hill made her a tea party sensation. Allen West of Florida, Steve King of Iowa and Joe Walsh of Illinois are all embroiled in tough and expensive races that are drawing plenty of spending by friends and foes from around the country.

  • Ulta Beauty CFO Bruce L. Hartman resigns Thursday, 18 Oct 2012 | 11:35 AM ET

    BOLINGBROOK, Ill.-- Beauty retailer Ulta Beauty said Thursday that Bruce L. Hartman has resigned as chief financial officer and will be replaced by Scott Settersten on a temporary basis. The company earned $35 million, or 54 cents per share, for the quarter ended July 28.

  • Drought conditions ease in key Midwest farm states Thursday, 18 Oct 2012 | 11:15 AM ET

    The benefit of recent downpours was more pronounced in states such as Iowa, the nation's biggest corn producer. Thursday's update showed that 63.9 percent of Iowa still is in extreme or exceptional drought _ the worst two classifications _ in what marked an improvement of nearly 12 percentage points from a week earlier.

  • Venture capital firm to open Chicago office Thursday, 18 Oct 2012 | 10:51 AM ET

    CHICAGO-- A leading venture capital firm is opening an office in Chicago, giving a boost to Mayor Rahm Emanuel's efforts to attract high-tech businesses and entrepreneurs to the city.

  • 'Clybourne Park' writer upset about blackface Thursday, 18 Oct 2012 | 10:41 AM ET

    NEW YORK-- The Pulitzer Prize-winning playwright of " Clybourne Park" says he recently withdrew permission for a Berlin theater company to produce the play after learning that one of the actors would perform the roles in blackface.

  • NYC mayor to spend $10M for moderate candidates Thursday, 18 Oct 2012 | 10:26 AM ET

    NEW YORK-- Mayor Michael Bloomberg will spend at least $10 million of his personal fortune promoting moderate candidates around the country in the final weeks before Election Day, he announced Wednesday, adding himself to the list of wealthy Americans pouring millions of dollars into the 2012 election.

  • Benefits can flow both ways at celeb charity galas Thursday, 18 Oct 2012 | 10:19 AM ET

    LOS ANGELES-- The Beverly Hilton's International Ballroom will soon be filled with flowers, chiffon, fine china and crystal stemware for a starry black-tie ball costing couples as much as $20,000 to attend.

  • Official proposes bullet tax to curb Chicago crime Thursday, 18 Oct 2012 | 10:11 AM ET

    CHICAGO-- As Chicago struggles to quell gang violence that has contributed to a jump in homicides, a top elected official wants to tax the sale of every bullet and firearm _ an effort even she acknowledges could spark a legal challenge.

  • Ahead of the Bell: Abbott shares continue slide Thursday, 18 Oct 2012 | 9:07 AM ET

    Shares of Abbott Laboratories continued to slip Thursday in premarket trading, a day after the drug and medical device maker reported third-quarter results and delivered an update on its upcoming business split.

  • Fifth Third 3Q net income falls on charges Thursday, 18 Oct 2012 | 7:52 AM ET

    Fifth Third's net income available to common shareholders fell to $354 million, or 38 cents per share, from $373 million, or 40 cents per share, a year earlier.

  • Stolen art can be burden without connections Thursday, 18 Oct 2012 | 12:34 AM ET

    PARIS-- The burglars dashed out the back door with seven masterworks, then sped on screeching tires into the night. If the thieves who robbed Rotterdam's Kunsthal exhibition this week don't have a plan, the stolen art could quickly become a burden.

  • Prices for grains, livestock futures rise Wednesday, 17 Oct 2012 | 3:41 PM ET

    CHICAGO-- Grains futures rose Wednesday on the Chicago Board of Trade. Wheat for December delivery gained 8.5 cents to $8.5625 per bushel; December corn rose 7.25 cents to $7.455 per bushel; December oats increased 3.25 cents to $3.9575 per bushel and November soybeans gained 15.5 cents to $15.0925 per bushel.

  • Abbott Labs 3Q net income rises; lays off 550 Wednesday, 17 Oct 2012 | 2:48 PM ET

    WASHINGTON-- Drug and medical device maker Abbott Laboratories reported a higher third-quarter profit Wednesday, edging past analyst expectations, even as revenue slipped. Spokeswoman Adelle Infante said that the layoffs were in Abbott's nutrition, medical devices, established pharmaceuticals and molecular diagnostics divisions.

  • McDonald's 3Q should indicate economic pressures Wednesday, 17 Oct 2012 | 2:26 PM ET

    NEW YORK-- McDonald's Corp. reports its third-quarter results Friday, which should give a glimpse of how the world's biggest hamburger chain is coping with intensifying competition and the challenging global economy. WHAT TO WATCH FOR: After outperforming its rivals for years, some analyst think McDonald's may be entering a period of slower growth.

  • Extravagant Home Features of the One Percent Wednesday, 17 Oct 2012 | 1:07 PM ET

    Home theaters and wine cellars have trickled down to the masses. What follows are truly exceptional features that you won’t see in just any mansion!

  • Grains futures mostly rise; livestock prices mixed Wednesday, 17 Oct 2012 | 11:15 AM ET

    CHICAGO-- Grain prices rose Wednesday in early trading on the Chicago Board of Trade. Wheat for December delivery rose 3.25 cents to $8.51 per bushel; December corn gained 0.75 cent to $7.39 per bushel; December oats were unchanged at $3.9225 per bushel and November soybeans increased 4.25 cents to $14.98 per bushel.

  • Dover reports 3Q profit up absent year-ago charge Wednesday, 17 Oct 2012 | 11:02 AM ET

    DOWNERS GROVE, Ill.-- Dover Corp.' s third-quarter net income rose 40 percent, helped by acquisitions and by the absence of a big loss tied to discontinued operations from a year ago. Dover earned $241 million, or $1.31 per share, in the quarter ended Sept. 30, compared with $172.3 million, or 91 cents per share, a year earlier.

  • Navistar names John Pope to board Wednesday, 17 Oct 2012 | 10:50 AM ET

    LISLE, Ill.-- Heavy truck and engine company Navistar International Corp. said Wednesday that it named John Pope to its board. Pope's appointment and Harrison's retirement are effective immediately, keeping the total number of Navistar board members at 10, Navistar said.