Nearly 250 jobs to be lost in Waukegan from plant’s closure

CHICAGO (AP) — The June closure of a Waukegan manufacturing plant that produces video gambling machines will result in the elimination of nearly 250 jobs in Lake County. Waukegan Mayor Wayne Motley says the loss of jobs in his city is devastating. He says city officials already have been working to find a replacement to […]

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Newspaper to move into Voigt Music Center

CSI Media’s The Stateline News announced it will move into the former Voigt Music Center building at 1712 Cranston Road. Dan White, vice president of CSI Media, said the move was prompted by the company’s lease ending at its Willowbrook office and a need to move to a smaller space. “We didn’t need that much […]

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Sears Hometown Store gets new owner

Sears Hometown Store might have a new owner, but it will continue to provide the same services with a loyal and knowledgeable staff. Rodney Punzel is the new owner of the Sears Hometown Store in Beloit, 1970 Sutler Ave. He purchased it from Chuck Platts on March 1. He and staff are planning a festive […]

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Kohler’s CEO relinquishes position to son

KOHLER, Wis. (AP) — The man who leads the company that bears his name in Kohler is ending his 43-year tenure as its chief executive. Herbert Kohler will turn over the title of CEO at the Kohler Co. to his son, David Kohler, who is currently its president. Kohler directors have elected the 76-year-old Kohler […]

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Regulators approve Wisconsin Energy acquisition

MILWAUKEE (AP) — Wisconsin regulators have approved a $9 billion transaction that combines Wisconsin Energy Corp. and Integrys Energy Group. The Milwaukee Journal Sentinel (http://bit.ly/1zihJaF ) reports Wisconsin’s Public Service Commission decided in favor of We Energies’ parent company on most of the issues in the case Thursday. But the commission attached several conditions in […]

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United Airlines CEO’s 2014 compensation tops $11.3 million

CHICAGO (AP) — The CEO of United Airlines got a 39 percent increase in compensation last year, to more than $11.3 million, according to an Associated Press analysis. Jeffery Smisek also benefited from an increase in the value of pension benefits granted before 2014, but that change is not included in the AP’s calculation for […]

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Beloit is still second: unemployment rate declines to 7.6 percent

Beloit’s unemployment rate dropped slightly in March, but it remained the second highest rate among Wisconsin’s largest municipalities. Beloit had an unemployment rate of 7.6 percent in March, down from 7.8 in February. The rate also was down from 9.2 percent reported in March of 2014. Racine again had the highest unemployment rate among the […]

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Unemployment rates decline across Illinois

Unemployment rates declined in counties and communities in northern Illinois in March, according to the Illinois Department of Employment Security. Winnebago County had an unemployment rate of 6.8 percent in March, down from 7 percent in February and down from 9.6 percent in March of 2014. Boone County had an unemployment rate of 7 percent […]

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State officials report drop in Illinois’ metro unemployment

CHICAGO (AP) — State officials say unemployment dropped in March in each of Illinois’ metropolitan areas for the 13th consecutive month. The Illinois Department of Employment Security reported Thursday that jobs were added in eight of the 14 regions with the largest increases in Kankakee, Rockford and Danville. Areas that saw a drop in the […]

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Caterpillar trumps Street 1Q expectations, raises forecast 


Caterpillar’s earnings soared more than 20 percent in the first quarter, even though revenue slipped, and the construction and mining equipment maker hiked its 2015 earnings forecast well above most expectations. The company’s profit for the quarter that ended March 31 included a pre-tax gain of $120 million from the sale of its remaining interest […]

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