After a letter-writing and e-mail campaign on their behalf by hundreds of Glencoe residents, two respected druggists appear to have hung onto their jobs.
Steven Feinerman and Eddie Levin have worked at Parkway Drugs for years — Feinerman as owner and Levin as a pharmacist. When residents found out that Walgreens had agreed to buy the store but had no plans to retain the men, they took the offensive on their behalf.
Events: Bond markets closed for Veterans Day; Summit of the Group of 20 nations; 100 leading CEOs of global corporations gather for the Seoul G-20 Business Summit.
Major earnings: Kohl’s Corp., Viacom Inc., Walt Disney Co.
Amazon.com Inc. is selling a self-published guide that offers advice to pedophiles and that has generated outrage on the Internet and boycott threats.
The availability of “The Pedophile’s Guide to Love and Pleasure: a Child-lover’s Code of Conduct” calls into question whether Amazon has procedures — or even an obligation — to vet books before they are sold in its online stores. Amazon did not respond to multiple e-mail and phone messages. Get the full story »
Kohl’s Corp. said Wednesday that it earned almost the same amount in this year’s third quarter as last year’s, though its revenue rose, because its costs rose faster.
The department store operator said after the market closed that it earned $194 million, or 63 cents per share, in the period ended Oct. 30, about even with the $193 million, or 63 cents per share, a year earlier. Get the full story »
General Motors Co. is in the final stage of talks to sell equity to long-time Chinese partner SAIC Motor Corp. in conjunction with its landmark initial public offering, two people familiar with the matter said.
The two government-funded automakers are determining how much of a stake SAIC would buy in the top U.S. automaker after discussions involving technology sharing and SAIC’s ambitions to move beyond China, the sources said. Get the full story »
It looks like Scrooge will have time on his hands this Christmas.
At least, that is the word from Consumer Reports, which reports that the holidays are getting happier.
Indeed, 40 percent of adults say they expect the upcoming holiday season to be “happier” than last year’s, according to the Consumer Reports National Research Center, a unit of Consumers Union, a watchdog organization. Get the full story »
The death of a toddler who strangled in a window shade cord spurred a huge recall Wednesday, even as the industry crafts a better standard to make window coverings in American homes safer for children.
The Consumer Product Safety Commission says Hanover Direct Inc., of Weehawken, N.J., has agreed to recall about 495,000 roman shades and some 28,500 blinds. Hanover is the parent company for Domestications, The Company Store, and Company Kids.
Mutual fund investors continued to put their money into bond investments rather than U.S. stocks last month, despite the market’s recent gains.
Cisco Systems served up a 19 percent jump in quarterly revenue as a revived economy encouraged more spending on networks to route Internet traffic, but some investors had hoped for stronger proof of a technology sector recovery. Get the full story »
Popular U.S. Web video service Hulu should more than double revenue this year to $240 million, its chief executive said on Wednesday, a growth projection likely to create more buzz about a potential public offering. Get the full story »
White House adviser Elizabeth Warren said her meetings with investors and bank executives are going well, helping to give the financial industry a better sense of the new Consumer Financial Protection Bureau’s direction and priorities.
“I have really been on the road,” Warren told CNBC, noting that she’s been traveling the country meeting with community bankers, consumer advocates, chief executives of the largest financial firms and buy-side investors. Warren said she has discussed the agency’s approach to regulation and outlined its likely first steps “to make it really clear where we’re headed.” Get the full story »
(Reuters/Shannon Stapleton)
Precious metals steadied on Wednesday after futures of gold, and particularly silver, plunged in the previous session’s after-hours trade, although the dollar’s strength limited any immediate recovery.
The price of spot gold, which tracks trades in bullion, was up about half percent. Futures of the precious metal in New York showed a loss of up to 1.4 percent during the session, adjusting to Tuesday’s post-settlement trade. Get the full story »
From Bloomberg | Top executives at the 15 U.S. publicly traded for-profit colleges, led by Apollo Group Inc. and Education Management Corp., received $2 billion during the last seven years from the proceeds of selling company stock, Securities and Exchange Commission filings show.
The Federal Reserve says it will buy a total of $105 billion worth of government bonds starting later this week as it launches a new program to invigorate the economy. Get the full story »
From Business Insider | A source “close to Groupon investors” says that Yahoo is reportedly in sales talks with online daily deals site Groupon.
