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(AP) — With unemployment at its lowest level in three years, the Dow Jones hit its highest mark since before the financial crisis hit in 2008. The Nasdaq index reached levels last seen in December 2000.…
(Updated 4:53 p.m.)…
(Reuters) — Aon Corp. posted a higher quarterly profit that narrowly beat market estimates as the world's largest insurance broker continued to reap the benefits from its acquisition of Hewitt Associates.…
(Crain's) — The insurer's new product, called House & Home, no longer covers the full cost of replacing damaged roofs if they're older than 10 years.…
(Crain's) — The pair behind One World Capital Group were each sentenced to more than a decade in federal prison after defrauding some 1,000 investors in a Ponzi-type scheme.…
(Crain's) — Management of the futures exchange is insisting that self-regulation worked “flawlessly” as MF Global imploded last fall, and that there's no need for major policing changes.…
(AP) — The Los Angeles city attorney has sued a major financial institution, alleging its investment practices cost the city's pension fund $95 million.…
(Crain's) — CME Group said it's creating a $100 million fund for farmers and ranchers to protect their futures trading accounts from the demise of a clearing firm, such as was the case with the failure of MF Global.…
(Reuters) — The review follows questions on whether the agency or CME Group could have done more to prevent the firm's collapse and safeguard customer money.…
(Crain's) — Among the losers in ShoreBank's bankruptcy liquidation plan: holders of trust-preferred securities and common equity, who get nothing.…
(Reuters) — Allstate blew past Wall Street estimates today, more than doubling its profits as the largest listed home and auto insurer in the U.S. benefited from lower catastrophe losses and better results in its homeowners business.…
(Crain's) — Buzz Referrals Inc. and AuraSense Therapeutics LLC received $575,000 from a new state of Illinois venture-capital investment fund, becoming the first startups to benefit from the program founded last year.…
(Crain's) — Mesirow Financial Holdings Inc. has sold its $300 million international equity team to registered investment adviser Roosevelt Investments.…
(Crain's) — MB Financial Inc. looks like the next major Chicago bank to get off the government dole.…
(Crain's) — Federal officials looking for an estimated $1.2 billion missing from customers of MF Global Holdings feel more and more that a lot of it may never be located.…
(Updated 4:18 p.m.)…
(Crain's) — There are alternatives to one-year CDs paying 1 percent or 10-year Treasuries, which yield just less than 2.1 percent annually. Several Chicago-area stocks are paying dividends three to four times that Treasury return.…
(Crain's) — The Treasury says that federal bank regulators should consider closing an existing loophole that allowed now-defunct Corus Bank to make commercial real estate loans that otherwise would have exceeded its lending limits.…
(Crain's) — Morningstar Inc. has invested $6.75 million in HelloWallet LLC, a Washington-based company that helps employees track their retirement savings, to become the firm's biggest owner outside management.…
(Reuters) — HSBC is under investigation by a U.S. Senate panel in a money-laundering inquiry, the latest step in a long-running effort to halt shadowy money flows through global banks.…
Use Crain's interactive map to find out which communities are more likely to buy boxes of Valentine's Day chocolates.
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Full FeatureUse Crain's interactive map to find out which communities are more likely to buy boxes of Valentine's Day chocolates.
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Full FeatureCrain's explores how local employers are working to recruit and retain military veterans — and how some returning vets decide to fly solo.
Full FeatureAlphaMetrix Group LLC topped the list in our annual look at the fastest-growing companies in our local economy.
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