Hyatt Hotels 4Q adjusted profit tops Wall Street’s view

CHICAGO (AP) — Hyatt Hotels Corp.’s fourth-quarter profit rose, benefiting from a gain on the sale of real estate. Shares rose in Wednesday premarket trading. The Chicago-based company earned $182 million, or $1.20 per share, for the three months ended Dec. 31. A year earlier it earned $32 million, or 20 cents per share. The […]

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Grand jury investigating Caterpillar’s finances abroad

PEORIA, Ill. (AP) — Caterpillar Inc. says a federal grand jury is investigating the Peoria-based company’s financial dealings in the U.S. and abroad. The heavy machinery maker says it got a subpoena Jan. 8 asking for information relating to “the movement of cash among U.S. and non-U.S. subsidiaries.” Caterpillar says it’s cooperating with the investigation. […]

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Deere profit drops, but tops Street 1Q forecasts

MOLINE, Ill. (AP) — Deere’s first-quarter profit declined, reflecting softer demand for agricultural machinery. Its performance topped analysts’ expectations, but its 2015 guidance appeared to disappoint. The company said that falling farm incomes and lower commodity prices are putting pressure on demand for agricultural machinery, particularly larger models. Shares slipped in Friday premarket trading. The […]

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Caterpillar staying put in Peoria, expanding headquarters

PEORIA, Ill. (AP) — Caterpillar Inc. announced Friday that it is keeping its global headquarters in Peoria and expanding and overhauling its corporate campus in what it called a re-commitment to the central Illinois city. CEO Doug Oberhelman said that after two years of study, the $55 billion global construction equipment maker, which has about […]

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Comfort Keepers’ annual Comforting Cards™ for Seniors

Rockford, IL – February 16, 2015 Comfort Keepers’ annual Comforting Cards™ for Seniors, partnered with local elementary school children, to create handmade valentines for residents of senior living facilities in Belvidere. The cards provide some cheer to both those who create the cards and those who receive them. Comfort Keepers would like to thank the young children who […]

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Medical billing firm acquired by Edge Advisors

Edge Advisors LLC, an accounting and consulting firm that serves primarily the dental and healthcare market, has acquired Nelson Management Group, LLC. The Madison/Beloit area-based firm, founded in 1996, provides traditional accounting and medical billing services. The acquisition adds five employees who will remain based in Beloit to Edge Advisors’ growing team. Nelson Management Group’s […]

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Lino’s Receives Local and State Awards, Recognized for Best Food and Customer Service

FOR IMMEDIATE RELEASE February 16, 2015 Rockford, IL – Lino’s was recently listed as one of the “19 Best Pizza Places in the Entire State of Illinois” by www.thrillist.com. The website thrillist.com is “obsessed with everything that’s worth caring about in food, drink, and travel.” Along with this recent recognition, there have been several other awards […]

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Groupon tops Street 4Q forecasts

CHICAGO (AP) — Groupon Inc. (GRPN) on Thursday reported fourth-quarter net income of $8.8 million, after reporting a loss in the same period a year earlier. The Chicago-based company said it had profit of 1 cent per share. Earnings, adjusted for one-time gains and costs, came to 6 cents per share. The results surpassed Wall […]

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Expedia buying Orbitz for about $1.33 billion

(AP) — Expedia is buying rival online travel site Orbitz for approximately $1.33 billion to extend its reach in the travel-booking industry. It’s Expedia’s second major deal in the past month as the industry consolidates. Expedia announced the $280 million acquisition of another rival, Travelocity, in late January. Orbitz owns CheapTickets, HotelClub. Expedia owns Hotels.com […]

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Caterpillar to announce Peoria headquarters plan

PEORIA, Ill. (AP) — Caterpillar Inc. is to announce plans for its headquarters campus in downtown Peoria on Feb. 20. The company began work on the plan almost two years ago. Assistant City Manager Chris Setti told the Journal Star (http://bit.ly/1vJiXdG ) the city is looking forward to hearing the company’s plans and is optimistic […]

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