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chicagotribune.com - Business
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Headlines from chicagotribune.com
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Saudis rebuff U.S. request to loosen oil supply
Saudi Arabia's leaders made clear Friday they see no reason to increase oil production until customers demand it, apparently rebuffing President Bush amid soaring U.S. gasoline prices
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Northwestern Memorial looks to the suburbs for expansion
Northwestern Memorial Hospital, which has spent more than $1 billion to build two new hospitals in the last decade in downtown Chicago, has quietly purchased a 10-acre piece of undeveloped land for future expansion in suburban Northbrook.
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A farewell to arms waving at the Chicago Merc
Open-outcry trading shifts to CBOT floor
The closing bell will ring one last time Friday at the Chicago Mercantile Exchange, which will move the last of its open-outcry trading over the weekend to new quarters at the Chicago Board of Trade.
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Macy's signs deal to put FAO Schwarz in its stores
FAO Schwarz will open toy stores in nearly 700 Macy's department stores over the next two years in a move that both stores hope will drive traffic in a tough economic environment.
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Stocks pull back as oil pushes to fresh record
Stocks declined Friday as enthusiasm over a surprise jump in home construction gave way to renewed concerns about how consumers will fare as oil pushes to fresh highs.
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Sears.com broadens offerings
Retailer's online strategy moves closer to other sites
Sears Holding Corp. said Thursday that it has quadrupled the merchandise at its Web site and even is offering products from other retailers.
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Belts tighten at food show
Costs trimming the fun at big hospitality expo
It's a sign of the times in the volatile food industry: Two big companies are pulling back on their offerings at the giant restaurant trade show coming to Chicago this weekend, while another is abandoning it altogether.
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GE confirms plans to exit appliance business
NEW HAVEN, Conn. -- General Electric Co. plans to sell or spin off the business that for a century has put appliances in American homes, a decision that could presage further asset sales, analysts said.
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Surprise rebound in housing, outlook still shaky
Construction of new homes increased by the biggest percentage in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades.
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State lifts ban on Allstate selling new insurance policies
Allstate Corp.'s insurance companies can resume selling new car insurance and other policies in Florida, the state's insurance regulator said Friday.
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