The Naperville Sun :: Business ::

Laid-off workers tapping 401(k) funds to survive

Sat, 7 Nov 2009 04:00 CST

As the last of his severance pay dwindled away in March, Brad Cleghorn of northwest suburban Marengo cashed out his 401(k) plan in order to pay his mortgage and feed his family. Cleghorn is not alone. A Hewitt Associates study shows that 46 percent of workers with 401(k) plans who lost or switched jobs cashed the plans in, a trend that could lead to serious problems when younger generations of people working today reach retirement.

Livingston a diva of not-for-profits

By DAVID SHAROS For Sun-Times Media — Sun, 8 Nov 2009 04:00 CST

Lisa Livingston, 28, is the director of event services for the Naperville Area Chamber of Commerce. And for her, working with not-for-profit groups and volunteers is where the action really happens.

Business people

From Submitted Reports — Sun, 8 Nov 2009 04:00 CST

Coldwell Banker Residential Brokerage in Naperville has listed the following sales associates as top listing producers for September: Rich Vesely, Aileen De Leon, Alice Chin, Carolyn Burgess, Federico Pena, Grace Ryu, Jane Winninger, John Boyle, Julie Michael, Karen Trabert Vala and Michele Leanderson .

Home buyers tax credit renewed

BY STEPHEN OHLEMACHER — Fri, 6 Nov 2009 04:00 CST

First-time home buyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package enacted earlier this year. But with the program scheduled to expire at the end of November, the House voted 403-12 Thursday to extend and expand the tax credit to include many buyers who already own homes. The Senate approved the measure Wednesday, and the White House said President Obama would sign it today.

Forecast for holiday jobs not all gloom and doom

Thu, 5 Nov 2009 04:00 CST

Despite an economy that has many still feeling none too merry and forecasts for a 1 percent drop in holiday sales, the holiday hiring front news isn't all gloom and doom. Although an Aon Consulting survey of more than 100 of the nation's leading retailers found that 44 percent are hiring fewer holiday workers this year, a majority have no plans to pull back; 19 percent said they plan to boost their hiring, and 37 percent said their levels will remain the same as last year.

Nicor moves 200 jobs from Geneva

Fri, 6 Nov 2009 00:01 CST

The move of Nicor National's call center from here to Naperville will take about 200 jobs with it.

Chrysler aims to revamp Dodge cars

The Associated Press — Thu, 5 Nov 2009 00:01 CST

Chrysler plans to revamp its struggling Dodge car brand under a new turnaround plan and says the company's cash has grown by nearly $2 billion since it exited bankruptcy protection in June.

Nicor makes deal to consolidate offices

By DAVID SHAROS For Sun-Times Media — Thu, 5 Nov 2009 00:01 CST

The Keystone Property Group has announced a long-term lease with Nicor National in Naperville.

Feds shut down Park National

The Associated Press — Thu, 5 Nov 2009 00:01 CST

Federal regulators on Friday shut down Chicago-based Park National Bank � which had three branches in Naperville and one in Lisle � and Community Bank, as the still-weak economy produces a stream of loan defaults.

Fiserv closing East-Side office, cutting 290 jobs

Thu, 5 Nov 2009 00:01 CST

A Wisconsin-based, Fortune 500 financial investment company is shutting its office in Aurora. Fiserv, at 444 Commerce St., intends to close its facility possibly by March 2010.