business
Labor Dept: Elmhurst firm depleted nearly $2M in retirement funds
The U.S. Labor Department is looking recover more than $1.9 million from Elmhurst-based A.B.D. Tank & Pump Co.’s retirement plan that it says was misused by the company owner, Keith Davis.
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Top producers get named County Line Properties of Hinsdale has announced that Gina Lambiris and Sally Venard have been named Top Producers in Western Springs and Downers Grove for January. Lambiris and Venard work as a team for buyers and sellers of homes. They have …
Jewel-Osco parent to cut 800 jobs; 20 in Itasca
Jewel-Osco is cutting 20 positions at its Itasca headquarters as part of a companywide restructuring by parent company Supervalu that will eliminate 800 jobs, the grocer said Tuesday.
Business Briefs
Metra is asking its riders to comment about minor schedule adjustments that it is proposing for its Burlington Northern Santa Fe Line to Aurora.
Only certain trains on the BNSF line would see modifications. In most cases, the proposal …
Tellabs cutting 530 jobs
Tellabs is cutting 530 jobs in a companywide restructuring, citing “a climate of economic uncertainty” for the Naperville-based telecommunications equipment maker. An unknown number will be cut at Tellabs’ research and development center in Naperville.
Abbott plans to lay off 700 workers
Abbott Laboratories announced plans Wednesday to lay off 700 employees, most of them in the Chicago area.
Report: Illinois teen employment at lowest rate
Teen employment has continued to plummet in Illinois, according to a new report from Northeastern University. The rate dived to 27.5 percent in 2011, the lowest teen employment rate in the 42 years for which data is available. It is down from just under 50 percent in 1999-2000 and from 36 percent in 2007.
Business Briefs
Pain clinic holds grand opening CAPS Paincare will hold a grand opening celebration of its Pain Management Clinic and Surgical Facility from 4-7 p.m. today at its Westmont clinic, located at 700 E. Ogden Ave., Suite 111. CAPS employs a multidisciplinary approach to pain management …
Kraft to slash 1,600 jobs but add positions here
The Chicago area is expected to gain jobs from Kraft Foods’ restructuring announced Tuesday. Employees at a Glenview management center will stay in the Chicago area, as well as employees from plants that will close in New York and New Jersey.
Lincoln MKZ Concept sports split-wing grille
Lincoln rolled out the MKZ concept sedan at the North American International Auto Show in Detroit, signaling the luxury automaker’s reinvention.
Buick unveils 2013 Encore
Buick introduced a 2013 Encore luxury crossover during the North American International Auto Show press days in Detroit.
Chevrolet shows off 2 hot concept coupes
Chevrolet introduced two hot concept coupes at the 2012 North American International Auto Show in Detroit targeting next-generation buyers.
Ford unveils redesigned Fusion
Ford Motor Co. says the 2013 Fusion offers buyers seven must-have technologies, including a Lane Keeping System, adaptive cruise control, active park assist and MyFord Touch.
Sushi at Walgreens? New State Street store offers urban format
Walgreen Co. is showing off just how high-end it can go with its new urban format store at State and Randolph, featuring a fresh-daily sushi bar, ready-to-go packaged fruits and meals, a barista serving coffee, an eyebrow-shaping service and more.
Business Briefs
Greater Oak Brook Chamber of Commerce news The Chamber is pleased to announce that Gary Beban, senior executive managing director of CB Richard Ellis, will be the keynote speaker at January’s Corporate Community Forum from 7:30 to 9 a.m. Wednesday at the Oak Brook Bath …
