Caterpillar shares tumble after analyst downgrade
Shares of Caterpillar fell by more than 5 percent Monday after an analyst downgraded the stock, citing effects of the falling price of oil. JPMorgan analyst Ann Duignan lowered the...
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Minimum wage battles to continue in 2015
Labor notched some big wins last year in its efforts to beef up its ranks. Organizers vow to continue that push this year on signature items such as raising the...
Groupon shares rise on talk of sale of Ticket Monster Korea
Groupon shares closed up about 1.5 percent Monday, likely on a rumor that the daily deal and e-commerce company has a potential buyer for a business unit. Groupon's stock closed...
Chicago-area gas prices have fallen more than $1 in past year
Gasoline prices in Chicago averaged $2.41 per gallon on Sunday, a decline of more than $1 from a year earlier, according to GasBuddy, a website that tracks gas prices. For...
Navistar CEO takes 63 percent cut in compensation
The value of Navistar CEO Troy Clarke's compensation package fell by more than 60 percent in 2014 because the company failed to meet its performance targets, according to a Monday...
Effort stalls to revamp Illinois’ corporate tax breaks program
A year ago, lawmakers imposed a moratorium on special tax incentives used to help keep companies — and their jobs — in Illinois. They also created a committee to examine...
Labor Board: McDonald’s violated workers’ rights
The National Labor Relations Board on Friday issued 13 complaints against McDonald's and some of its franchisees, calling them joint employers and alleging they violated labor rights of employees at...
Navistar reports $72 million loss in fourth quarter
Navistar International shares fell more than 12 percent in morning trading and then began to rebound a bit after the maker of trucks and engines reported a fiscal fourth-quarter loss...
Navistar closing Indianapolis facility, cutting 180 jobs
Navistar International said Monday it plans to close its foundry operations in Indianapolis in summer 2015. Navistar said it will eliminate 180 jobs and expects to reduce costs by $13...
Hotel housekeepers say ‘green’ program eliminates jobs
A program that encourages hotel guests to decline housekeeping to conserve water and electricity sounds like a noble idea. But hotel housekeepers say the program is killing their jobs, their...