Incomes see largest drop in 20 years

U.S. consumer spending rose in January as Americans spent more on services, with savings providing a cushion after income recorded its biggest drop in 20 years.Income...

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Incomes see largest drop in 20 years

U.S. consumer spending rose in January as Americans spent more on services, with savings providing a cushion after income recorded its biggest drop in 20 years.Income...

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Economic expansion weakest since 2011

The U.S. economy barely grew in the fourth quarter although a slightly better performance in exports and fewer imports led the...

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Author tells businesses to be like Mike

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JPMorgan to eliminate 4,000 jobs in 2013

JPMorgan Chase & Co. plans to cut 3,000 to 4,000 jobs in its consumer bank in 2013, representing about 1.5 percent of the...

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Horsemeat found in IKEA meatballs

Sweden's IKEA halted sales of its trademark Swedish meatballs in 13 European countries after tests in the Czech Republic on...

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Promise, peril seen for crowd-funding investors

Crowd funding is widely seen as a revolutionary idea.A 2012 federal law known as the JOBS Act opens the door to allowing small,...

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16 airport investors show interest in Midway

An international array of airport investors and operators have shown interest in developing bids to privatize Midway Airport, the city announced Friday evening.Sixteen...

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United not planning on Dreamliner until June

The All Nippon Airways Dreamliner 787 arrives at Mineta San Jose International Airport. ...

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Chicago home sales up 32% from last year

The inventory of homes available for sale in the Chicago area continued to be whittled down in January but prices were relatively...

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Office Depot to buy OfficeMax, really

Office Depot to buy Office Max as an attempt to compete with Staples. !-- Office Depot Inc. posted an online statement on Wednesday, saying it would buy OfficeMax Inc....

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2nd major hotel for McCormick Place

The agency that owns McCormick Place announced Tuesday that it will build a second hotel near the convention center complex,...

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Google to open retail stores this year

It started with Apple stores. Then came Microsoft stores.Are Google stores next?The Silicon Valley company hopes to open retail...

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Daley turns focus toward Gary

Richard M. Daley has kept a low profile since leaving office in 2011.That doesn't mean he has lost interest in urban issues....

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Illinois corporate tax credits swelled to $161 million 2011

When lawmakers raised taxes on Illinois residents and businesses, they also increased corporate income tax breaks for a select...

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Facebook's latest revenue trick: Pay to promote friends' posts

Facebook has announced its latest attempt at making money, and this time it involves letting users pay to promote their friends'...

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American, US Airways announce merger

CEOs Doug Parker and Tom Horton speak to the "CBS This Morning" co-hosts about the merger of American Airlines and US Airways in their first network morning interview. ...

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Downtown condo market seeing rebound

Downtown Chicago's condo market is on the rebound after many moribund years, as sales volume and pricing improve in a market...

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Chicago leads nation in gas-price spikes

Drivers in Chicago are seeing a painful rise in gas prices get even worse this month. The average price of regular unleaded...

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Dozens of airline fees rose, changed in 2012

Airline travel fees — including charges to check a bag and to board early — have become so prevalent that travelers almost need...

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