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

Consumer spending grew despite the biggest drop in incomes in 20 years. (Reuters...

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Groupon drops 24% on weak results, forecast

Groupon Inc., the Chicago-based daily deals website, offered up an earnings disappointment Wednesday after the market closed,...

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What's next for revitalized Chicago Loop?

Michael Edwards has only been in town for a few months, but the new executive director of the Chicago Loop Alliance says the...

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JPMorgan to eliminate 4,000 jobs in 2013

The entrance to JPMorgan Chase's international headquarters on Park Avenue in New York City. ...

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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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OfficeMax to buy Office Depot, really

!-- Office Depot Inc. posted an online statement on Wednesday, saying it would buy OfficeMax Inc. for $1.17 billion in stock,...

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2nd major hotel for McCormick Place

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

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U. of C. Medicine's leader gears up for challenges

Nearly every morning, before 7 a.m., Dr. Kenneth Polonsky is dropped off near the Lakefront Trail on Chicago's South Side, a...

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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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Push for online sales taxes pick up steam in Congress

U.S. states could collect millions of dollars in online sales taxes, with members of both parties in Congress sponsoring legislation...

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American, US Airways to merge

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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Maker's Mark lowering proof to meet demand

Makers Mark lowers alcohol proof to meet demand. (WPIX - New York) Maker's Mark announced it is reducing the amount of alcohol...

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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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