Kohl’s 1Q results miss Street as spring funk hits retailers

MENOMONEE FALLS, Wis. (AP) — Kohl’s first-quarter results missed analysts’ estimates, weighed down by hefty costs as the department store operator’s sales dropped. A lackluster holiday season across much of the retail sector has become a spring funk. Macy’s Inc. slashed its profit and sales expectations for the year on Wednesday and Gap Inc. had […]

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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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Job numbers increase in area in March

BELOIT — Beloit’s unemployment rate dropped between February and March, but its ranking was pushed up from third highest to second highest in the state, according to Wisconsin Department of Workforce Development figures. Beloit had an unemployment rate of 6.7 percent in March, down from 6.8 percent in February and down from 7.6 percent in […]

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Hormel nominated for environmental award

BELOIT — The Hormel Foods plant in Beloit has been nominated for the Business Friend of the Environment Award. The award, presented by Wisconsin Manufacturers & Commerce, recognizes companies that have worked hard keeping the environment clean and have created innovations for clean manufacturing. Hormel Foods was one of 32 companies nominated for the award, […]

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North American Tool celebrates 30 years in the manufacturing industry

SOUTH BELOIT — North American Tool is celebrating 30 years of serving the manufacturing industry, providing quality customer service and dedication. The company employees 75 associates and had an informal gathering of employees, retirees and business partners for cake and ice cream at their facility in South Beloit on April 21. “This is an exciting […]

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