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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AbbVie raises outlook as Humira again delivers earnings beat

WASHINGTON (AP) — Drugmaker AbbVie is raising its full-year earnings guidance after reporting better-than-expected first quarter adjusted results on continued growth of its blockbuster anti-inflammatory drug Humira. However, U.S. sales of the company’s recently approved hepatitis C pill came in below expectations, underscoring concerns that the company is too reliant on Humira. Sales of Humira, […]

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Boeing tops 1Q profit forecasts

CHICAGO (AP) — Boeing Co. (BA) on Wednesday reported first-quarter earnings of $1.34 billion. The Chicago-based company said it had profit of $1.87 per share. Earnings, adjusted for non-recurring costs, came to $1.97 per share. The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings […]

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Discover 1Q profit drops but beats Wall Street estimate

RIVERWOODS, Ill. (AP) — Discover Financial Services said Tuesday that its profit fell 7 percent in the first three months of the year, as the credit card issuer and lender increased its reserves against potential loan losses and booked higher expenses. Even so, the Riverwoods, Illinois company’s earnings beat Wall Street expectations. Discover said that […]

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Harley-Davidson 1st-quarter results mixed, cuts outlook

MILWAUKEE (AP) — Harley-Davidson’s first-quarter profit edged up, benefiting from a reduced tax rate. But the motorcycle maker’s revenue missed expectations and the company lowered its full-year forecast for motorcycle shipments, citing increased discounting among its rivals. The stock dropped more than 6 percent in premarket trading Tuesday. Harley-Davidson earned $269.9 million, or $1.27 per […]

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Study: Exelon subsidy would cost $1.6 billion over 5 years 
JOHN O’CONNOR, AP Political Writer

SPRINGFIELD, Ill. (AP) — A plan to financially reward Exelon Corp. for producing no-carbon energy and potentially save three Illinois nuclear plants from closure would cost ratepayers $1.6 billion over five years and strain budgets for financially strapped businesses and municipal governments, a study released Tuesday found. Kestler Energy Consulting conducted the review for the […]

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