| May 29, 2014
| 6:25 PM
The food fight over Hillshire Brands Co. is getting messier.
The Chicago company, maker of Ball Park franks and Jimmy Dean sausage, has received unsolicited takeover offers from two rival meat-processing heavyweights.
Tyson Foods Inc. on Thursday...
| Jun 4, 2014
Some of the most admired managers in the mutual fund business are ducking away from stocks.
It's an unusual move that reflects some squeamishness about soaring stock prices. They are storing as much as a third of their clients' money in cash. In effect,...
| Jun 19, 2014
| 2:21 PM
Searching for a place to stash cash is frustrating.
You could put the money in a savings account and earn virtually nothing. You could put it in a money market fund and suffer the same fate. You could select a short-term bond fund, but you will get...
| May 16, 2014
| 2:26 PM
McDonald’s Corp. admits its efforts to fix things in Germany and Japan will take time and that it needs to pay better attention to what customers want, two company executives said on Friday.
The world’s largest restaurant company says that it...
| May 7, 2014
| 1:39 PM
Mondelez International Inc. is combining its coffee business, which includes brands like Maxwell House and Gevalia, with one from a smaller rival and restructuring its business as growth in the global snacks business slows.
Mondelez and D.E Master...
| May 14, 2014
| 6:20 PM
Stock prices are near all-time highs, but the real place to be this year is the bond market.
To the surprise of many on Wall Street, the long-underestimated fixed-income market is quietly outperforming its equity counterpart.
Many investors expected...
| May 21, 2014
| 4:55 PM
Neel Kashkari's career has taken him from engineering to investment banking to managing the federal government's $700-billion bailout of Wall Street, overseeing stock funds and running for governor — all by age 40.
What others might view as a...
| May 18, 2014
Research labs closed by pharmaceutical giant Pfizer dot the country: Illinois. Michigan. New Jersey. New York. North Carolina.
Maryland officials don't want this state to join that list.
After Pfizer declared its desire to buy AstraZeneca — which...
| May 6, 2014
| 4:09 AM
Office Depot plans to close 400 U.S. stores — more than a fifth of its Office Depot and OfficeMax locations — by 2016, the company said Tuesday.
Of those, 150 are slated to close late this year, after the back-to-school season.
| May 19, 2014
| 11:15 AM
Mutual-fund fees are declining as the stock market rises and investors become savvier about expenses, according to a new study.
The sharp rise in share prices last year triggered discounts in which fees in many funds dropped as the assets in those...
| May 7, 2014
| 7:49 PM
Just as the Chicago area is getting ready for air conditioning weather, residents can expect to be jolted by higher electric bills.
Starting June 1, Commonwealth Edison customers on average will see monthly bills jump 21 percent, to about $82 a month...