Tribune adopts shareholder rights plan to fend off Gannett

NEW YORK (AP) — Fending off an unsolicited takeover by the owner of USA Today, Chicago’s Tribune Publishing has adopted a shareholder rights plan, better known as “poison pill.” Gannett offered to buy Tribune Publishing last month for more than $388 million. Tribune rejected the offer last week, saying the price was too low. The […]

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Kraft Heinz cutting 40 ‘third-party’ jobs in Pittsburgh

PITTSBURGH (AP) — Kraft Heinz Co. is cutting 40 jobs in Pittsburgh, mostly accounts payable and other customer service positions that are being outsourced to an unspecified third party. Michael Mullen, the company’s senior vice president for corporate and government affairs says Kraft Foods Group was already using a business model that outsourced such jobs […]

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Tyson Foods sets July closing for Wisconsin pepperoni plant

JEFFERSON, Wis. (AP) — Tyson Foods says it will permanently close its pepperoni plant in Jefferson in July. Springdale, Arkansas-based Tyson announced last November it’s closing the Wisconsin plant along with one in Chicago. Tyson has notified the Wisconsin Department of Workforce Development that the Jefferson plant will close its doors on July 9. The […]

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Alaska, JetBlue top annual survey of North American airlines

The Associated Press Alaska Airlines and JetBlue Airways still rank highest in the annual J.D. Power survey of passengers on the nine largest North American airlines, and the firm says overall traveler satisfaction with the industry is at a 10-year high. J.D. Power said Wednesday that Alaska Airlines ranked highest among traditional airlines for the […]

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Dynegy to shut down 3 generating plants in southern Illinois

CHICAGO (AP) — Dynegy Inc. has announced it will close three of its coal-powered generating plants in southern Illinois that combined generate about 1,834 megawatts of electricity. Houston-based Dynegy announced Tuesday it will shutter two coal-fired units at its Baldwin Power Station and one coal-fired unit at Newton Power Station over the next year. Dynegy […]

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Milwaukee manufacturer’s owners give company to employees

MILWAUKEE (AP) — The owners of a Milwaukee-based paper machine manufacturer have delighted their employees by handing them the keys to the 65-year-old company through an employee stock ownership plan. Paper Machinery Corp. owners Donald and John Baumgartner, who are father and son, made the announcement Monday at an employee meeting in front of the […]

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Agency cites paper mill’s operator after worker’s death

LADYSMITH, Wis. (AP) — The federal Occupational Safety and Health Administration has cited a Wisconsin paper mill’s operator for safety violations after a worker’s death. The Journal Sentinel (http://bit.ly/24gAaIj ) reported Monday that agency staff have proposed $119,000 in fines from a subsidiary of Clearwater Paper Corp., which owns the plant in Ladysmith. The agency […]

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Abbott Labs to spend $19.3 billion to buy St. Jude Medical

By the Associated Press Abbott Laboratories will spend $19.3 billion to buy St. Jude Medical Inc. in a cash-stock deal that aims to strengthen the medical device maker’s stake in cardiovascular care. Shares of North Chicago, Illinois-based Abbott plunged, while St. Jude soared Thursday morning after the companies announced the deal. The combined company will […]

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Menard Inc. agrees to change policies violating labor laws

MADISON, Wis. (AP) — Menard Inc. has agreed to change some practices after the National Labor Relations Board found it was violating federal labor law. The board found in April that the Eau Claire-based retailer has been improperly requiring employees to sign mandatory-arbitration agreements that bar them from engaging in class-action lawsuits. The board also […]

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ADM maintenance workers reject union representation in vote

DECATUR, Ill. (AP) — Archer Daniels Midland Co. maintenance workers have rejected union representation. The (Decatur) Herald and Review reports (http://bit.ly/1VCgygc ) workers at the BioProducts plant in Decatur voted 32-25 against joining the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. Rich Burcham is vice president of the union’s Local 103G. He says […]

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