Archive for July, 2009

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United, unions seek mediation

Friday, July 31st, 2009
(Crain’s) — United Airlines and two of its unions have asked federal mediators to step into contract negotiations. The carrier and unions representing pilots, ramp workers and other service workers made the request Friday. United and its flight attendants union will make a similar request ...

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Nicor posts loss, affirms 2009 outlook

Friday, July 31st, 2009
(AP) — Nicor said Friday that its second-quarter earnings fell 21 percent as improved performance in its gas distribution business was not enough to offset a smaller profit from its shipping operations and lower corporate operating results. Nicor said it earned $22.9 million, or 50 cents a ...

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Caterpillar closing plant in South Africa

Friday, July 31st, 2009
(AP) — Heavy equipment maker Caterpillar Inc. said Friday that it will close a manufacturing facility in South Africa as it realigns its operations with sagging global demand. Caterpillar said it will offer severance and training assistance to the 193 employees whose jobs will be affected by ...

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Guv’s budget doles out scant state dollars

Friday, July 31st, 2009
(AP) — Gov. Pat Quinn is spreading a limited supply of money among Illinois government agencies while warning that more is needed for preschool, college scholarships, health care and other services. The Democratic governor says the budget leaves Illinois with about $1.4 billion in unmet ...

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Merrill snags pair of wealth managers

Friday, July 31st, 2009
(Crain’s) — Merrill Lynch & Co.’s local wealth management unit has hired two high-powered money managers from rival Wall Street firms, another sign that turmoil in the financial markets appears to be benefiting some firms at the expense of others. Carla Lang, 52, formerly of Citigroup ...

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