The Joliet Herald News :: Business ::

Saving on gas with two wheels

Sun, 6 Jul 2008 04:00 CST

Dave Nemecek put his convertible Mustang out to pasture this summer. Instead, he's riding his motorcycle to work to save on gas.

More balance in Fido's diet

Marissa Amoni Special to The Beacon News — Sun, 6 Jul 2008 04:00 CST

Owners hope a new store in Oswego will have tails wagging in delight. Dogs and cats could both be drooling over the delectable offerings at Go Dog Go on Wolf's Crossing Road near Routes 34 and 71.

Briefcase

Sun, 6 Jul 2008 04:00 CST

Altman a Realtor

Utah employees go to 4-day week

The Associated Press — Sun, 6 Jul 2008 04:00 CST

SALT LAKE CITY -- Starting next month, it will be "TGIT" for Utah state employees. As in: "Thank God It's Thursday."

Local chiropractor makes adjustment

By Kris Stadalsky Special to the Herald News — Sat, 5 Jul 2008 04:00 CST

Chiropractic physician Dr. Darren Cissell, of Channahon, is venturing off on his own to open a private practice in Minooka. Cissell will take over Ridge Chiropractic, formerly owned by Dr. Todd Roach.

Coupon users get aggressive

The Associated Press — Sat, 5 Jul 2008 04:00 CST

With household budgets tightening, some Americans are making couponing both a part-time job and a sport. As gas and food prices soar, and job security weakens, couponing is regaining popularity.

Business Calendar

Sat, 5 Jul 2008 04:00 CST

Monday deadline

Company won't gamble on Penn buy

Fri, 4 Jul 2008 04:00 CST

The Penn National Gaming Inc. sale is dead. The $6 billion deal would have transferred Penn, which owns the Empress Casino in Joliet, to Fortress Investment Group LLC and Centerbridge Partners.

Burger King woos moms with healthier meal

The Associated Press — Fri, 4 Jul 2008 04:00 CST

After watching its bigger rival McDonald's Corp. try to woo mom, Burger King Corp. is launching a marketing and promotional campaign meant to grab her attention.

Business Briefs

Fri, 4 Jul 2008 04:00 CST

Exchange Club elects board, honors outstanding members

From submitted reports — Fri, 4 Jul 2008 04:00 CST

JOLIET -- The Exchange Club of Joliet recently elected its board for 2008 and 2009.

Building trust in troubling times

By Erin Biesen Special to the herald news — Thu, 3 Jul 2008 04:00 CST

With times the way they are, the clearance rack is a popular gathering spot for shoppers these days. And with prices at all-time lows and a large stock available, the housing market should be no exception.

NEW: Empress parent group terminates merger plans

From Submitted Reports — Thu, 3 Jul 2008 04:00 CST

Two investment firms pulled the plug Thursday on their $5.82 billion acquisition of Penn National Gaming Inc. after the racetrack and casino operator's stock price tumbled.

GLAD THEY ARE: Saudis: Oil suppliers happy

The Associated Press — Thu, 3 Jul 2008 04:00 CST

As supply fears helped set a new price record, Saudi Arabia's oil minister said Thursday that OPEC's dominant producer had no immediate plans to boost crude output because there was no need to do so.

Employers cut 62,000 jobs in June

The Associated Press — Thu, 3 Jul 2008 04:00 CST

Employers cut payrolls by 62,000 in June, the sixth straight month of nationwide job losses, underscoring the economy's fragile state. The unemployment rate held steady at 5.5 percent.

Dow finishes week up slightly

The Associated Press — Thu, 3 Jul 2008 04:00 CST

Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment.

Chrysler driving toward bankruptcy?

The Associated Press — Thu, 3 Jul 2008 04:00 CST

Faced with soaring gas prices, a sputtering economy and a rapid U.S. market shift away from trucks, the U.S. auto industry's weakest player, Chrysler, may have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, JPMorgan said Thursday.

OIL DRILLING: Texas tea off Florida?

The Associated Press — Thu, 3 Jul 2008 04:00 CST

Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide. No more.

5 local businessmen forming a new bank

From Submitted Reports — Thu, 3 Jul 2008 04:00 CST

BURR RIDGE -- Five businessmen with Herald News area ties are among those organizing the formation of Burr Ridge Bank and Trust, and are expected to serve on the bank's first board of directors.

Business Briefs

Thu, 3 Jul 2008 04:00 CST

Lottery seeking ad agency

Microsoft goes subscription route

The Associated Press — Thu, 3 Jul 2008 04:00 CST

Microsoft Corp. will begin selling its Office programs to consumers on a subscription basis starting mid-July, in a bid to reach thrifty PC buyers who would otherwise pass on productivity software.

Briefcase

Thu, 3 Jul 2008 04:00 CST

Militello joins Hamilton

Center to officially open

From submitted reports — Thu, 3 Jul 2008 04:00 CST

Guardian Angel Community Services will officially open its new in-house counseling center at a ribbon-cutting ceremony at 4:30 p.m. July 16 at Guardian Angel, 1550 Plainfield Road, Joliet.

State lottery looking for new vendor

Submitted reports — Thu, 3 Jul 2008 04:00 CST

The Illinois Lottery has issued a Request for Information (RFI ) for a General Market Advertising Agency. As the lottery�s contract with their current vendor is due to expire in early 2009

New Lenox mom's calling is chocolate

Wed, 2 Jul 2008 04:00 CST

For the first time in her life, Mary Ruane is experiencing the sweet smell of success. She spends her days at Claire's Candies, crafting rich and creamy peanut butter cups, gooey caramel clusters and a wide variety of specialty candies in shapes designed to celebrate holidays and special events.

Wall Street lowest since 2006

The Associated Press — Wed, 2 Jul 2008 04:00 CST

Wall Street resumed its sell-off Wednesday after oil hit a new record and a bearish analyst report renewed concerns that General Motors Corp. could run out of cash.

Iran not holding oil hostage

The Associated Press — Wed, 2 Jul 2008 04:00 CST

With Middle East tensions building, Iran's oil minister warned Wednesday that an attack on his country would provoke an unimaginably fierce response.

Factory orders weak but breathing

The Associated Press — Wed, 2 Jul 2008 04:00 CST

Orders to U.S. factories turned in the weakest performance in three months in May, reflecting slumping demand for autos, heavy machinery and steel.

Uniforms made in sweatshops?

By Maureen O'Donnell and Dave McKinney Sun-times news group — Wed, 2 Jul 2008 04:00 CST

The state of Illinois ordered about $80,000 worth of its uniforms from three companies linked to overseas factories with poor working conditions, according to findings to be announced today by an anti-sweatshop coalition.

T-Mobile launches home service today

The Associated Press — Wed, 2 Jul 2008 04:00 CST

NEW YORK -- Cell phone company T-Mobile USA is set to launch a nationwide service that lets customers place unlimited domestic calls with their landline phones over a broadband connection.

Briefcase

Wed, 2 Jul 2008 04:00 CST

Avendt honored

Market experts say ride out the storm

Tue, 1 Jul 2008 04:00 CST

With gas prices spiraling and the stock market sinking, it would be easy for Americans to be pessimistic about their financial futures. But take heart, say area investment advisers. These lows have come before, and they'll come again. "If we look back in history, the same things that are happening now, happened in the '70s, '80s and '90s," said Ron Molo, a financial adviser for Edward Jones Investments in Joliet.

WALL STREET: New quarter, same worries

The Associated Press — Tue, 1 Jul 2008 04:00 CST

Wall Street began the third quarter with an erratic session Tuesday as a mix of news made it clear the country is still deep in economic problems but may have some positive trends _ including some better than expected June sales for General Motors Corp.

Exports boost manufacturing in May

The Associated Press — Tue, 1 Jul 2008 04:00 CST

U.S. manufacturing activity grew for the first time in five months in June, thanks to strong exports, but the minimal growth came as inventories climbed and prices rose for every commodity except copper, a private industry group said on Tuesday.

Steve & Barry's in bankruptcy

The Associated Press — Tue, 1 Jul 2008 04:00 CST

A bankruptcy firm on Tuesday confirmed it is working with apparel retailer Steve & Barry's LLC to negotiate with its lenders and review strategic alternatives.

Cook sales tax highest in nation

Sandra Guy / Sun-Times News Group — Tue, 1 Jul 2008 04:00 CST

The sales tax rate jumps 1 percent today, thanks to a Cook ounty Board vote, giving Chicago the dubious distinction of having the highest municipal sales tax rate in the nation.

GMs eats Toyotas

The Associated Press — Tue, 1 Jul 2008 04:00 CST

General Motors Corp. soundly beat Toyota Motor Corp. in June to retain its traditional U.S. sales lead, but GM sales still dropped 18.2 percent during a dismal month for most large automakers.

State minimum wage rises to $7.75 per hour

The Associated Press — Tue, 1 Jul 2008 04:00 CST

Minimum-wage workers in Illinois are receiving a 25-cent hourly boost in pay, to $7.75 per hour.

Even Starbucks scaling back

The Associated Press — Tue, 1 Jul 2008 04:00 CST

Starbucks Corp. said Tuesday it will close 600 stores in the United States in the next year and cut back the number of new stores it had planned to open.

Briefcase

Tue, 1 Jul 2008 04:00 CST

Lindholm presents

Business Briefs

Tue, 1 Jul 2008 04:00 CST

Gas prices cut into spending

The Associated Press — Tue, 1 Jul 2008 04:00 CST

WASHINGTON -- Four-dollar gasoline has stolen a beach vacation from Julie Jacobs' family, "little small luxuries" like exotic bath washes from Angela Crawford and dinners out from folks all over the country.

WALL STREET: Quarter ends with a whimper

The Associated Press — Mon, 30 Jun 2008 04:00 CST

Wall Street ended an arduous first half quietly Monday, closing mixed as investors again based their trades on what is now the dominant force in the market: the price of oil. The major indexes closed out the first six months of 2008 with double digit declines, and are perilously close to the levels of a bear market.

Wal-Mart logo getting a makeover

The Associated Press — Mon, 30 Jun 2008 04:00 CST

The familiar logo of the world's largest retailer is getting a makeover.

Flooding affects corn yields

The Associated Press — Mon, 30 Jun 2008 04:00 CST

Farmers will harvest nearly 9 percent fewer acres of corn this year than last year, in part because of Midwest flooding which has damaged a portion of the crop, the government reported Monday.

Iraq offers six oil fields for bid

The Associated Press — Mon, 30 Jun 2008 04:00 CST

The Iraqi government opened six oil fields to international bidding Monday as the nation attempts to boost daily production by 60 percent.

The faces of foreclosure

Sun, 29 Jun 2008 04:00 CST

Last fall, Khara Uczen's life was turned upside down in an instant. "The doorbell rang," Uczen recalled. "I went to the door. It was a beautiful day. There was a man standing there."

Business Calendar

Sun, 29 Jun 2008 04:00 CST

Monday

Newspapers can inspire kindness

Sun, 29 Jun 2008 04:00 CST

Roman Okrei, a Lockport attorney and former Will County judge, was reading The Herald News a few months ago when one particular article hit home. It was a report on a Lockport teenager, Nicolette Bellos, who needed a kidney transplant to have any chance for a normal life.

Candy a sweet spot in sour economy

Sat, 28 Jun 2008 04:00 CST

While people are cutting back on some treats and extras, few seem to be giving up their chocolate. Some analysts have called the $29 billion candy business "recession proof." The bottom line is: As vices go, candy is still relatively cheap for most consumers.

Nick's Barbeque marinating in Homer Glen

By Duaa Eldeib sun-times news group — Fri, 27 Jun 2008 04:00 CST

When it comes to running a family business, Nicholas Andricopulos takes it to a whole new level His wife, Nancy, co-owns Nick's Barbeque with him; his adult sons, Stephen and Michael, manage two locations of the eatery famous for its ribs.

STIMULATED: Rebate spending in May jumps

The Associated Press — Fri, 27 Jun 2008 04:00 CST

The millions of economic stimulus payments gave a massive jolt to household finanances in May, sending after-tax incomes up by the largest amount in 33 years.

WALL STREET: Another big loss

The Associated Press — Fri, 27 Jun 2008 04:00 CST

Wall Street ended a depressing week with another big loss on Friday, with the Dow Jones industrials falling more than 100 points amid ever-escalating worries about high oil prices and fallout from the credit crisis. The major indexes all all down more than 3 percent for the week.

Unemployment rate jumps in Illinois

By RYAN KEITH, the associated press — Fri, 27 Jun 2008 04:00 CST

Renee Norris is doing everything she can to find a job, spending the past three months flipping through newspaper ads and turning down a fast-food gig because it just couldn't pay the bills.

Business Briefs

Fri, 27 Jun 2008 04:00 CST

Fridays

Minooka HS board fights for tax base

By Kris Stadalsky special to the herald news — Fri, 27 Jun 2008 04:00 CST

MINOOKA -- The Minooka High School District Board's finance committee drafted an agreement they hope will join local taxing bodies in defending the district's tax base against industrial property tax appeals.

Briefcase

Fri, 27 Jun 2008 04:00 CST

New stewards

NEW: Oil soars above $140 a barrel

The Associated Press — Thu, 26 Jun 2008 04:00 CST

Oil prices shoot above $140 a barrel after predictions crude will trade between $150 and $170.

Silver Cross makes the top 100 once again

Staff reports — Thu, 26 Jun 2008 04:00 CST

Silver Cross Hospital received its award for being a top 100 hospital for the fourth consecutive year Wednesday. Silver Cross president and CEO Paul Pawlak talked about the award and what it means to the hospital at Silver Cross Stadium in Joliet Wednesday evening.

HUGE LOSS: Wall drops to lowest level in two years

The Associated Press — Thu, 26 Jun 2008 04:00 CST

Wall Street has suffered a huge loss, with the Dow Jones industrials plunging more than 350 points as investors contended with a barrage of bad news. A surge in oil prices past $140 a barrel and warnings of trouble in the key financial, automotive and high-tech industries created a gloomy mood across the market.

Gas prices aren't hurting all businesses

Thu, 26 Jun 2008 04:00 CST

Soaring gasoline prices have hit almost everyone hard, from the top business executive to the stay-at-home mom. However, for local businesses, the results of soaring gas prices have produced mixed results.

Business Briefs

Thu, 26 Jun 2008 04:00 CST

CED: PETCO raid an 'isolated' issue

Thu, 26 Jun 2008 04:00 CST

JOLIET -- A federal raid at the Petco warehouse in the Rock Run business park should serve as notice to all warehouse owners in the region to keep their facilities safe and clean, said John Greuling, president and CEO of the Will County Center for Economic Development.

7,525 county residents didn't file for stimulus

Thu, 26 Jun 2008 04:00 CST

Thousands of Will County residents are still owed their economic stimulus payments from the government, according to the IRS.

Study: Checks spent on gas

From Submitted Reports — Thu, 26 Jun 2008 04:00 CST

Without sufficient alternatives to driving, American families spent their entire economic stimulus check on high-priced gas, according to new analysis from the Illinois Public Interest Research Group.

Fed doesn't alter key interest rate

the associated press — Thu, 26 Jun 2008 04:00 CST

WASHINGTON -- The Federal Reserve decided on Wednesday to leave a key interest rate unchanged and cited a heightened risk of inflation, which could lead to rate increases down the road. Private analysts said the Fed may delay the first rate hike until December.

Internet era takes scraps out of scrapbooking

By Robyn Monaghan Special to the Herald News — Wed, 25 Jun 2008 04:00 CST

Like most people, Brenda Hahn-Boisvert says her family photos are the first nonliving things she'd want to save in case of a household disaster like a fire or a flood. Hahn-Boisvert was at a recent workshop for online story-booking.

Fed holds rate at 2 percent

Wed, 25 Jun 2008 04:00 CST

The Federal Reserve decided on Wednesday to leave a key interest rate unchanged and cited a heightened risk of inflation, which could lead to rate increases down the road. Private analysts said the Fed may delay the first rate hike until December.

Wall Street sees some gains

The Associated Press — Wed, 25 Jun 2008 04:00 CST

Wall Street pared its gains Wednesday, after initially surging higher when the Federal Reserve left interest rates unchanged and issued a mixed assessment of the economy.

My kinda ... tower?

The Associated Press — Wed, 25 Jun 2008 04:00 CST

The Tribune Company is exploring the possible sale of its iconic headquarters on Chicago's Magnificent Mile and also buildings in Los Angeles.

AMT gets House OK

The Associated Press — Wed, 25 Jun 2008 04:00 CST

The House voted Wednesday to protect more than 20 million mostly upper-income taxpayers in danger of being slapped with a tax increase averaging $2,300 because of the alternative minimum tax.

Business Briefs

Wed, 25 Jun 2008 04:00 CST

Progressive alternatives

Construction officials push to pass bill

Wed, 25 Jun 2008 04:00 CST

Officials from the Three Rivers Construction Alliance are mounting an effort to get a capital bill approved in Springfield.< br>

Re/Max unifies operations

from submitted reports — Wed, 25 Jun 2008 04:00 CST

NEW LENOX -- Re/Max All Properties recently consolidated all its operations to the new, state-of-the-art office it opened a year ago at 1938 E. Lincoln Highway, while closing its long-time office at 20500 S. LaGrange Road, Frankfort.

Manhattan strip mall thanks clients

By Mary Bernhard special to the herald news — Tue, 24 Jun 2008 04:00 CST

Businesses came together Saturday for Manhattan Family Fun Day at Foxford Center to celebrate the strip center's success thus far at U.S. 52 and Foxford Drive.

Street still in a funk

The Associated Press — Tue, 24 Jun 2008 04:00 CST

Stocks sank Tuesday, with investors cringing at reports showing that high fuel costs are hurting consumer confidence and corporate profits. Bond prices rose sharply as investors pulled money out of Wall Street.

Home prices plummet

The Associated Press — Tue, 24 Jun 2008 04:00 CST

A closely watched index shows U.S. housing prices dropped in April at the fastest rate ever, with prices tumbling to levels not seen in nearly four years.

UPDATE: Consumer confidence drops, stocks fall

The Associated Press — Tue, 24 Jun 2008 04:00 CST

Wall Street ended an erratic session moderately lower Tuesday as concerns grew about the impact of high fuel costs on consumers and corporate profits.

Young painters learn craft while helping schools

Tue, 24 Jun 2008 04:00 CST

School's out but that doesn't mean the learning has stopped at Chaney-Monge this summer. A crew of union apprentice painters descended on the building at 400 Elsie Ave. for the past two weeks to learn more about their craft and to give the school a facelift. The school district paid for the paint, but labor was free thanks to a training program offered by Painters District Council No. 14, which includes Joliet Local 33.

Business Briefs

Tue, 24 Jun 2008 04:00 CST

Briefcase

Tue, 24 Jun 2008 04:00 CST

New: United to cut 950 pilot jobs

BY ASSOCIATED PRESS — Mon, 23 Jun 2008 04:00 CST

United Airlines says it will eliminate about 950 pilot jobs beginning this summer in addition to an already announced plan to cut 1,600 salaried positions and reduce its fleet. United told its pilots union about the cuts Monday.

Fed expected to hold firm on rates

The Associated Press — Mon, 23 Jun 2008 04:00 CST

Straddling risky economic crosscurrents, the Federal Reserve is expected to stand still this week on interest rates.

Wall Street ends in a funk

The Associated Press — Mon, 23 Jun 2008 04:00 CST

Stocks stalled Monday, ending mostly lower after rising oil prices and ongoing worries about the financial sector gave investors little reason to buy a day ahead of a Federal Reserve meeting.

Morris bar goes to the dogs for event

By Patrick Ferrell pferrell@scn1.com — Mon, 23 Jun 2008 04:00 CST

Sunday was definitely a day for a lager. "It's a hot day; you want something light," said Joel Leinard. "The stout is a little heavy." That's one explanation why the chicken flavored Dogger Lager appeared to be more popular than the beef flavored Wet Snout Stout at the first ever Yappy Hour at Clayton's Tap in Morris.

Commuters turn to Web and Pace to cut travel costs

Sun, 22 Jun 2008 04:00 CST

Shaun Ettinger, of Morris, needs to get to the Joliet train station three days a week. With the price of gas being what it is, Ettinger recently posted carpooling requests on two Web sites: www.erideshare.com and www.pacerideshare.com, which is run by the suburban bus company.

Park and Ride carpool lots

Sun, 22 Jun 2008 04:00 CST

Park and Ride carpool lots

Cutting costs can cut jobs

Sun, 22 Jun 2008 04:00 CST

Last week, I confessed my "gas math" obsession. I listed a couple ways I'm trying to cut costs because of the spike in gas prices.

New counseling center to open

Sun, 22 Jun 2008 04:00 CST

New counseling center

Central Grocers get incentives to move to Joliet

Sat, 21 Jun 2008 04:00 CST

The state announced $3.9 million worth of incentives for Central Grocers' move to Joliet on Friday. Central Grocers will bring 450 jobs to Joliet, although many of those could come with the company as it moves operations from Franklin Park.

Kids' camp a budding business

By Clare Walters Special to The Herald News — Sat, 21 Jun 2008 04:00 CST

Claire and Annie Schmig aren't wasting their summer vacations. The sisters and a neighbor are very busy as entrepreneurs, running a summer sports camp for children who live near their Meadow Wood Drive homes.

Some retailers give vinyl records a spin

Wed, 18 Jun 2008 04:00 CST

Mainstream retailers are giving vinyl another spin. Best Buy is testing sales at some stores. And online music giant Amazon.com, which has sold vinyl for most of the 13 years it has been in business online, has created a special vinyl-only section.

High gasoline prices changing lawn-mowing habits

FROM THE ASSOCIATED PRESS — Fri, 20 Jun 2008 04:00 CST

Sales of manual -- or push reel -- mowers with the cartwheeling blades are on the rise this year. Officials attribute the surge to increased environmental concerns because of emissions from gas-powered mowers, the faltering economy that makes the generally less expensive push reels more attractive, and $4-a-gallon gasoline.

Business Calendar

Sat, 21 Jun 2008 04:00 CST

Company helping boost East Side

Fri, 20 Jun 2008 04:00 CST

The East Side of Joliet is getting a new corporate headquarters. Collision Revision owner Roger D'Orazio is gutting and remodeling the old Keck Electric Co. building at 1225 E. Washington St., which dates back to the mid-1960s

STOCKS TUMBLE: Down goes Wall Street

The Associated Press — Fri, 20 Jun 2008 04:00 CST

Stocks tumbled Friday on escalating worries about the financial and automotive sectors and rebounding oil prices. The major indexes fell by more than 1 1/2 percent, and the Dow Jones industrial average gave up more than 200 points to end at its lowest levels in three months.

Fermi cuts reduced?

The Associated Press — Fri, 20 Jun 2008 04:00 CST

The approval of a supplemental funding bill that includes $400 million for science this year may stave off some layoffs planned at Fermi National Accelerator Laboratory.

Feds crack Chicago-area mortgage scheme

The Associated Press — Fri, 20 Jun 2008 04:00 CST

Sixty-seven individuals ranging from mortgage brokers to attorneys have been charged in the Chicago-area portion of a sweeping nationwide crackdown on mortgage fraud, officials announced Thursday.

White House threatens to veto foreclosure rescue

BY ASSOCIATED PRESS — Fri, 20 Jun 2008 04:00 CST

A broad bipartisan coalition supporting a massive foreclosure rescue beat back GOP efforts to gut it Thursday, defying a White House veto threat and quashing a bid to make it victim to revelations about two senators' VIP mortgages.

Business Briefs

Fri, 20 Jun 2008 04:00 CST

WAL-MART: Local school in the chips

Thu, 19 Jun 2008 04:00 CST

Through the Frito-Lay Fast Start Program, Wal-Mart Supercenter at 2424 W. Jefferson St., issued a $500 gift card to Washington Junior High and Academy to use for supplies.

NEW: Silver wins a gold

From Submitted Reports — Thu, 19 Jun 2008 04:00 CST

Honored for advertising excellence in the 2008 Aster Awards, Silver Cross Hospital received a Gold Award in this year�s competition.

WALL STREET: Stocks rally for slight gain

The Associated Press — Thu, 19 Jun 2008 04:00 CST

Stocks advanced in the final hour of trading Thursday following a sharp drop in oil and a warning from Citigroup Inc. that a ``substantial'' amount of write-downs on bad debt are still to come.

OIL PRICES: Sharp drop on China's news

The Associated Press — Thu, 19 Jun 2008 04:00 CST

Oil prices dropped sharply Thursday after China said it will raise fuel prices, a move that could dampen the booming Asian nation's oil consumption.

Deal close on Iraqi oil

The Associated Press — Thu, 19 Jun 2008 04:00 CST

The Western oil giants negotiating service deals to help Iraq boost its crude production are surely hopeful the relationships will lead to greater access to the country's massive oil fields, industry experts say.

Sonic coming to Lockport

Thu, 19 Jun 2008 04:00 CST

Sonic Corp. announced today that it will open a restaurant in Lockport this winter as part of a major expansion into the Chicago area.

GAS CRUNCH: GM halting truck overhauls

The Associated Press — Thu, 19 Jun 2008 04:00 CST

General Motors Corp. said Thursday it will indefinitely halt a major overhaul of its full-size pickup trucks and sport utility vehicles as it grapples with plummeting sales of those products.

Area bridge breaking new ground

By Joan Carreon SPECIAL TO THE HERALD NEWS — Thu, 19 Jun 2008 04:00 CST

A replacement bridge being built over Long Run Creek in Lockport Township is making history with the use of a new type of structural beam for its supports.

GM BUYOUTS: Nearly 19,000 hourly workers to leave

The Associated Press — Thu, 19 Jun 2008 04:00 CST

General Motors Corp. says 18,657 of its hourly workers will leave the company by July 1 through buyout and early retirement offers.

NEW: China raising prices

The Associated Press — Thu, 19 Jun 2008 04:00 CST

China will raise prices for fuel by as much as 18 percent on Friday, the government's main economic planning agency announced, in a move intended to cool the nation's surging energy consumption.

Business Briefs

Thu, 19 Jun 2008 04:00 CST

BK left, and now building goes, too

Wed, 18 Jun 2008 04:00 CST

The new Galarza Motorsport building constructed behind the old Burger King at 1601 N. Broadway in Crest Hill has doubled the dealership's space from 2,500 square feet to 5,000 square feet. Galarza said he's excited about the Broadway rejuvenation being pushed by the city.

Wall Street looking down

The Associated Press — Wed, 18 Jun 2008 04:00 CST

Stocks tumbled Wednesday amid renewed concerns about the financial sector and after FedEx Corp. warned that weakening demand and surging fuel costs would weigh on fiscal 2009 profits.

U.S. represented at oil talks

The Associated Press — Wed, 18 Jun 2008 04:00 CST

President Bush is sending Energy Secretary Samuel Bodman to Saudi Arabia for a one-day meeting of oil producers.

Herald News parent group mulls sale

Sun-Times News Group — Wed, 18 Jun 2008 04:00 CST

The parent company of the Chicago Sun-Times and The Herald News has enough cash for two to three years of operations despite ongoing declines in advertising revenue, its chief executive officer said Tuesday.

U.S./China studying investment treaty

The Associated Press — Wed, 18 Jun 2008 04:00 CST

The United States and China, concluding high-level economic talks, agreed to launch negotiations on an investment treaty that holds out the promise of greatly expanded opportunities for U.S. companies in China's vast market.

OFFSHORE DRILLING: Bush says Congress should lift ban

The Associated Press — Wed, 18 Jun 2008 04:00 CST

With gasoline topping $4 a gallon, President Bush urged Congress on Wednesday to lift its long-standing ban on offshore oil and gas drilling, saying the United States needs to increase its energy production. Democrats quickly rejected the idea.

NEW: Oil prices rebounding

The Associated Press — Wed, 18 Jun 2008 04:00 CST

Oil prices rose Wednesday, rebounding from earlier losses on reports that Nigerian oil workers are about to strike and as investors focused on a surprise decline in gasoline inventories last week.

St. Joe's lab gets new nod

From Submitted Reports — Wed, 18 Jun 2008 04:00 CST

JOLIET -- Provena Saint Joseph Medical Center's laboratory has been awarded an accreditation by the Commission on Laboratory Accreditation of the College of American Pathologists, based on the results of a recent on-site inspection.

Business Calendar

Wed, 18 Jun 2008 04:00 CST

Briefcase

Wed, 18 Jun 2008 04:00 CST

Portlock graduates

R Place truck stop to get an overhaul

Tue, 17 Jun 2008 04:00 CST

Since TravelCenters of America took over R Place truck stop in November, its visitors have probably barely noticed the change, other than the new TA and R Place sign. But there will be no mistaking the change by next year.

WALL STREET: Stocks take a tumble

The Associated Press — Tue, 17 Jun 2008 04:00 CST

Stocks tumbled Tuesday as a troubling reading on wholesale inflation underscored the drag of high energy prices on the economy. The Dow Jones industrial average fell more than 100 points.

Berkot's acquires Supervalu stores

Tue, 17 Jun 2008 04:00 CST

On June 24, two area Supervalu stores will close their doors for the very first time. For many years, the stores have been open 24 hours a day, seven days a week.

Wholesale prices rise on oil, food

The Associated Press — Tue, 17 Jun 2008 04:00 CST

Wholesale prices bolted ahead in May at the fastest pace in six months as energy and food costs marched higher.

NEW: Feds considering oil limits

The Associated Press — Tue, 17 Jun 2008 04:00 CST

Responding to concerns about the role of speculation in rising oil prices, federal regulators said Tuesday they will place stricter limits on foreign exchanges that trade U.S. oil.

NEW: Oil falls a bit after Monday's record

Tue, 17 Jun 2008 04:00 CST

Oil prices eased slightly Tuesday � following a wild, record-setting session the previous day � as investors weighed expectations of higher Saudi Arabian output against the market's ability to quench soaring global demand.

LinkedIn is locked in

The Associated Press — Tue, 17 Jun 2008 04:00 CST

Four venture capital firms are betting Internet startup LinkedIn Corp. is worth $1 billion, highlighting the lofty hopes riding on online services that connect people with their friends, family and business associates.

Business Briefs

Tue, 17 Jun 2008 04:00 CST

Giving sales a boot

Company buys John Deere dealership

From Submitted Reports — Tue, 17 Jun 2008 04:00 CST

Hogan Walker, with an office in Morris, announced that it purchased the John Deere dealership, Ehlers Lawn & Recreation, located in Elburn.

Find a healthier you with ATI Physical Therapy

from submitted reports — Mon, 16 Jun 2008 04:00 CST

ATI Physical Therapy is committed to helping people regain their lives after injury or illness. The company, founded in 1996 by Greg Steil, president and CEO, has a mission statement that crystallizes the company's entire philosophy: "To exceed customer expectations by providing the highest quality of care in a friendly and encouraging environment."

WALL STREET: And then ... there was light

The Associated Press — Mon, 16 Jun 2008 04:00 CST

Wall Street started the week with a mixed finish on Monday as investors weighed volatility in oil prices and new hope for the financial sector after Lehman Brothers posted results.

NEW: Ford cuts production

The Associated Press — Mon, 16 Jun 2008 04:00 CST

Ford Motor Co. says it will temporarily close a Michigan sport utility vehicle plant for nine weeks starting June 23 due to sagging demand for the trucks.

Building on four generations

By Erin Biesen Special to The Herald News — Sun, 15 Jun 2008 04:00 CST

Successful family-owned companies are hard to come by these days, but R Berti & Son Contractors Inc. is celebrating 85 years of family-run prosperity. It is a local commercial building contractor that works on general contracting, design/build and construction management.

Briefcase

Sun, 15 Jun 2008 04:00 CST

Griglione joins new bank

I cut the coffee to fill the tank

Sun, 15 Jun 2008 04:00 CST

Are you doing gas math in your head these days?

R Berti to hold birthday party, open house

Sun, 15 Jun 2008 04:00 CST

R Berti's birthday party and open house

Jacobs dealership to expand

Sat, 14 Jun 2008 04:00 CST

Bill Jacobs will expand its Jefferson Street dealership to add a separate Cadillac showroom and service area. The dealership also will remodel its existing building, which will continue to house Chevrolet sales and service.

Foreclosure filings continue to soar

The Associated Press — Sat, 14 Jun 2008 04:00 CST

Soaring foreclosures are continuing to raise questions about the mortgage industry's claims that they are making a dent in the housing crisis. Foreclosure filings last month were up nearly 50 percent compared with a year earlier.

Panduit breaks ground on headquarters

By Kristen Schorsch, Staff writer — Fri, 13 Jun 2008 04:00 CST

Construction will begin soon in Tinley Park on the largest of several buildings to house the new global headquarters of Panduit Corp., a maker of products used for wiring and cable connections. The $48 million project will be a 460,000-square-foot facility on 52 acres at 187th Street and 80th Avenue, the former site of the Windy City Campground.

Training helps bloggers hone professionalism

The Associated Press — Sat, 14 Jun 2008 04:00 CST

Non-journalists entering the world of blogs, online feedback forums, online videos and news Web sites provide information that newspapers and other media can't or don't. But many are now turning to professional journalists for help with dilemmas they're facing.

Business Briefs

Sat, 14 Jun 2008 04:00 CST

Pain clinic opens

A formal 60th anniversary

Fri, 13 Jun 2008 04:00 CST

George Kosack has watched a whole generation go from being ring bearers and prom-goers to grooms and fathers of the bride. Kosack has been outfitting Joliet-area men in the formal wear they needed for special occasions for 60 years.

Wall Street lookin' sharp

The Associated Press — Fri, 13 Jun 2008 04:00 CST

Wall Street ended a turbulent week with a sharp gain Friday after government readings on inflation and a drop in oil prices eased worries about the effect of rising prices on consumers. The advance lifted the Dow Jones industrial average more than 165 points.

Business Calendar

Fri, 13 Jun 2008 04:00 CST

Cat to improve Ill. plants

Fri, 13 Jun 2008 04:00 CST

JOLIET -- Caterpillar Inc. announced Thursday that it will invest $1 billion in its Illinois factories, including the Joliet Township plant on U.S. 6.

The once and future dentists

By Mike Nolan sun-times news group — Fri, 13 Jun 2008 04:00 CST

FRANKFORT -- Horace Tharp was in his late teens when he announced in 1908 to residents of Chicago's Roseland community the opening of his dental office.

Furniture resale shop right for the times

Thu, 12 Jun 2008 04:00 CST

With the economy teetering on the brink of recession, the timing for Patti Trewartha and Janet Ricketts couldn't have been better. For years, the sisters dreamed of starting a business together. Their store sells upscale used furniture on consignment.

Caterpillar investing in Aurora, Joliet plants

The Associated Press — Thu, 12 Jun 2008 04:00 CST

Caterpillar Inc. said Thursday it will spend $1 billion over the next two years to expand capacity in five of its Illinois factories, and will shift production at some of its plants including Aurora and Joliet.

NEW: Updated Firefox browser to be released

The Associated Press — Thu, 12 Jun 2008 04:00 CST

A new version of the Firefox Web browser is scheduled for release Tuesday with improvements in security, speed and design.

Business Briefs

Thu, 12 Jun 2008 04:00 CST

Local law firm becomes an independent practice

from Herald News Staff — Thu, 12 Jun 2008 04:00 CST

Joliet's newest lawfirm has roots that go back 130 years.

Briefcase

Thu, 12 Jun 2008 04:00 CST

Hines leads cardiologists

Realtors optimistic despite numbers

Wed, 11 Jun 2008 04:00 CST

April homes sales increased slightly in Will and Kendall counties when compared to March, but they're still lower than a year ago. Sales fell in Grundy County.

UPDATE: Dow finishes 200 down

Wed, 11 Jun 2008 04:00 CST

Wall Street tumbled Wednesday as oil prices rebounded, fanning concerns that inflation will further pinch consumers and lead central banks to raise interest rates. The Dow Jones industrial average fell more than 200 points to its lowest close since mid-March.

OIL PRICES: No relief in site

The Associated Press — Wed, 11 Jun 2008 04:00 CST

The Energy Department says motorists can expect gasoline prices to remain close to $4 a gallon through next year.

Business Briefs

Wed, 11 Jun 2008 04:00 CST

NEW: Oil prices 'sore'-ing

The Associated Press — Wed, 11 Jun 2008 04:00 CST

Oil prices soared Wednesday as the dollar fell and the Energy Department issued a mixed report on the nation's fuel inventories. At the pump, gas prices rose to a new record over $4.05 a gallon.

Area credit unions to shred documents free

From submitted reports — Wed, 11 Jun 2008 04:00 CST

Credit unions in Will County and across Illinois have declared June as Shred Month and are banding together to help consumers protect themselves from identity theft and shred unwanted documents for free.

Couple putting big chill on buffets

Tue, 10 Jun 2008 04:00 CST

Take a bowl of potato salad, sprinkle in some hot and humid weather, add dozens of party guests and you have a recipe for a gastrointestinal disaster. But that same list of ingredients led a New Lenox couple to cook up a cool product that wards off curdled cole slaw and deviled eggs from hell.

BERNANKE: Worst may be over

The Associated Press — Tue, 10 Jun 2008 04:00 CST

Despite a recent spike in the nation's unemployment rate, the danger that the economy has fallen into a 'substantial downturn' appears to have waned, Federal Reserve Chairman Ben Bernanke said Monday.

Source of tomato Salmonella elusive

The Associated Press — Tue, 10 Jun 2008 04:00 CST

Federal officials hunted for the source of a 17-state salmonella outbreak linked to three types of raw tomatoes, while the list of supermarkets and restaurants yanking those varieties from shelves and menus grew.

Wall Street still in the dumps

The Associated Press — Tue, 10 Jun 2008 04:00 CST

Wall Street closed mostly lower Tuesday after a dip in oil prices failed to keep investors from fretting over the economic effects of high energy costs.

Hines leads Illinois cardiologists

From Submitted Reports — Tue, 10 Jun 2008 04:00 CST

Dr. Jerome Hines, a cardiologist who treats patients at Adventist Bolingbrook Hospital, Adventist Hinsdale Hospital and Adventist La Grange Memorial Hospital, recently was named governor elect of the Illinois chapter of the American College of Cardiology.

Business Briefs

Tue, 10 Jun 2008 04:00 CST

SALMONELLA: Preventing illness

The Associated Press — Tue, 10 Jun 2008 04:00 CST

A salmonella outbreak linked to raw tomatoes serves as a reminder to take extra care with summer fruits and vegetables. More than 20 people have been hospitalized as the government investigates the source of the tomatoes responsible for the illnesses, according to the Centers for Disease Control and Prevention.

New workforce program launches

From submitted reports — Tue, 10 Jun 2008 04:00 CST

JOLIET -- The workforce development system is being transformed throughout Illinois with a new concept that expands access to career, education and work support services.

ComEd upgrades electric systems

From submitted reports — Tue, 10 Jun 2008 04:00 CST

The current spate of stormy weather will be a test of recent major upgrades ComEd has made to its system in the area.

NEW: Saudis call oil prices 'unwarranted and unnatural'

The Associated Press — Mon, 9 Jun 2008 04:00 CST

Saudi Arabia will call for a summit between oil producing countries and consumer states to discuss soaring energy prices, Information and Culture Minister Iyad Madani said Monday.

Empress sale delayed

From Submitted Reports — Mon, 9 Jun 2008 04:00 CST

Penn National Gaming, Inc. (PENN: Nasdaq), parent company of Empress Casino Joliet, announced today that it has extended its merger agreement with PNG Acquisition Company Inc. from June 15 to October 13.

Bush requires legal workers

The Associated Press — Mon, 9 Jun 2008 04:00 CST

President Bush has signed an executive order requiring contractors and others who do business with the federal government to make sure their employees are working in the country legally.

Wall still shaken up

The Associated Press — Mon, 9 Jun 2008 04:00 CST

Stocks closed mixed Monday, with Wall Street exhausted from last week's swoon and still nervous about losses at banks and elevated energy costs.

Not just any restaurants for this area

Sun, 8 Jun 2008 04:00 CST

Your stomach is growling. You don't really want fast food or a meal from a chain restaurant. City officials are hoping you consider heading downtown this summer to satisfy your cravings for unique food and ambiance.

Gas hits $4 average

The Associated Press — Sun, 8 Jun 2008 04:00 CST

The average price of regular gas crept up to $4 a gallon for the first time over the weekend, passing the once-unthinkable milestone just in time for the peak summer travel season.

Resale shop flying into Crow's Nest

Sun, 8 Jun 2008 04:00 CST

The old Crow's Nest building on U.S. 30 in Crest Hill finally has a new inhabitant.

Herald News Web site keeping visitors busy

From staff reports — Sun, 8 Jun 2008 04:00 CST

Visitors to www.heraldnewsonline.com are spending more time than ever before on the Web site operated by The Herald News.

Briefcase

Sun, 8 Jun 2008 04:00 CST

Brummel elected to board

Gretencord joins Morris Re/Max

Sun, 8 Jun 2008 04:00 CST

MORRIS -- After 37 years of working in independent real estate offices and owning her own, JoAnne Gretencord has joined a franchise.

Pizza Hut turns 50 in tough time for the industry

Sat, 7 Jun 2008 04:00 CST

Pizza Hut, known for its red-roofed restaurants, is updating its look with plasma TVs, sports bars and local sports memorabilia. It's also rolling out tubs of baked pasta and piles of fried chicken wings to go with its famous pizzas. The 50-year-old business is now the world's largest pizza chain with $10 billion in annual sales.

Major users want more oil

The Associated Press — Sat, 7 Jun 2008 04:00 CST

Leading energy-consuming nations urged oil producers Saturday to boost their output to counter soaring prices threatening the world economy, while they pledged to develop clean energy technologies and improve efficiency.

Business Calendar

Sat, 7 Jun 2008 04:00 CST

Monday deadline