CHICAGO-- Illinois took a giant step toward fixing its biggest financial problem Thursday by putting a sweeping pension reform on the books, but legislators' inaction on tax incentives aimed at keeping companies and creating new jobs has triggered fresh concerns about the state's business climate.
Dec 4- SPX Corp, which has been under pressure from its largest shareholder to boost its stock price, said it would sell its entire stake in an electrical equipment joint venture to partner Emerson Electric Co for $571 million. Ingersoll-Rand Plc has spun off its security business, while Timken Co is hiving off its steel division.
NEWS: Isle of Capri Casinos returned to a profit in its fiscal second quarter, helped by a favorable ruling on litigation in Greece. NUMBERS: For the three months ended Oct. 27, Isle of Capri Casinos Inc. earned $8 million, or 20 cents per share.
Jay Nixon wants state lawmakers back at the Capitol next week in hopes of persuading the Boeing Co. to land its new 777 X jet plant in Missouri.
Nov 27- Researchers have found a higher rate of dangerous blood clots in patients who received Thoratec Corp's HeartMate II heart pump than had been seen in clinical trials or prior experience, according to a study published on Wednesday. The findings were reported in the New England Journal of Medicine.
Nov 27- Researchers have found a higher rate of dangerous blood clots forming in patients who received Thoratec Corp's HeartMate II heart pump than had been seen in clinical trials or prior experience, according to a study published on Wednesday.
NEWS: Brown Shoe Co. reported Tuesday that its fiscal third quarter profit jumped 12 percent to beat market expectations, but revenue fell short. NUMBERS: Brown Shoe earned $27.3 million, or 63 cents per share, for the quarter up from $24.3 million, or 56 cents per share, last year.
The plan would give students who receive Bright Flight scholarships the option for an extra $5,000 annually for agreeing to work full-time in Missouri immediately after school. The Department of Higher Education reported that students scoring in the top 3 percent now receive $2,500, which is less than the permitted $3,000 maximum.
*Oil falls after Iran deal; energy shares slip. *Facebook and Yelp shares drop. Wal-Mart Stores Inc shares rose 0.8 percent to close at $80.43, off an all-time intraday high of $80.57 after the world's largest retailer said it has chosen its next chief executive.
NEW YORK, Nov 25- The dollar strengthened and world equity markets rose on Monday on expectations that the deal to curb Iran's nuclear program will ease Mideast political tensions and help lift global economic growth.
*Oil falls after Iran deal, energy shares pressured. Black Friday is coming up, so there will be obviously some positioning ahead, "said Dennis Dick, proprietary trader at Bright Trading LLC in Las Vegas, referring to the hectic day just after Thanksgiving that's regarded as the start of the holiday shopping season.
*Oil dips on prospect Iran nuclear deal to boost supply. *World share markets gain on hope Iran deal to boost growth. The breakthrough accord reached over the weekend in Geneva halts Iran's most sensitive nuclear activities and gives it some relief from crippling sanctions, but does not allow the OPEC member to boost oil sales for six months.
*Oil falls after Iran deal, energy shares pressured. *Momentum stocks edge lower; Facebook, Yelp shares down. World powers and Iran reached a deal on Sunday in which Iran agreed to partially curb its nuclear program.
*Oil falls after Iran deal, energy shares pressured. NEW YORK, Nov 25- U.S. stocks rose modestly on Monday as a deal between world powers and Iran eased tensions in the Middle East, though the agreement also weighed on oil prices and energy stocks.
Nov 22- Shares of Vince Holding Corp, controlled by private equity firm Sun Capital Partners Inc, rose about 50 percent in their market debut, valuing the luxury apparel company at about $1.08 billion.
NEW YORK, Nov 18- U.S. oil futures fell on Monday, weighed down by expectations the Federal Reserve could taper its bond buying program. Crude prices fell quickly in early afternoon activity after William Dudley, the president of the Federal Reserve Bank of New York, said he was "getting more hopeful" on prospects for U.S. economic recovery.
NEW YORK, Nov 18- U.S. oil futures fell more than $1 per barrel on Monday on the view that supplies were ample, along with worries that demand could weaken after a U.S.
DUBAI, Nov 17- Boeing's chief F/A-18 test pilot pulled the nose of the Super Hornet up into a steep 40- degree angle, then tilted the wings to the left and right, as he demonstrated the popular Navy fighter jet's ability to maneuver, even when under attack.
WASHINGTON, Nov 15- U.S. gasoline prices may be falling at a fast clip and easing the burden for cash-strapped households, but don't expect a significant boost to economic growth this quarter. Sales at major retailers rebounded strongly in the week ending Nov. 6, according to a report this week from the International Council of Shopping Centers and Goldman Sachs.
Two were in Texas: San Antonio and Dallas. Revenues for Washington, D.C., Atlanta, San Francisco, Pittsburgh, St. Louis and Chicago also had recovered. Revenues were approaching pre-recession levels in five other cities by 2011, the last fiscal year full data was available: Baltimore, Cincinnati, Denver, New York, Philadelphia.