Chicago Suntimes Business
Stocks were on track for a third consecutive day of modest gains Friday afternoon as investors weighed reports on sales of new U.S. homes and corporate earnings ahead of the Memorial Day holiday. Hewlett-Packard, GameStop and TripAdvisor were among the stocks posting the biggest gains on the day.
Suzuki is recalling more than 184,000 small cars in the U.S. because the steering columns can catch fire. The recall covers Forenza models from 2004 through 2008 and Reno models from 2005 through 2008.
U.S. safety regulators are investigating older-model Ram pickup trucks with manual transmissions because the engines can be started without the clutch being depressed.
Barclays Bank has been fined by British regulators for management failings that allowed an employee to make inappropriate trades in the gold market.
Hewlett-Packard says it is cutting another 11,000 to 16,000 jobs, above a target of 34,000 the company outlined in a multi-year restructuring plan in May 2012 and offered an outlook that was below expectations.
General Motors is telling Wall Street that a recent spate of recalls may last until mid-summer as the company continues to review unresolved safety issues.
Toyota is recalling 430,500 vehicles for three separate safety problems. Toyota says there have been no accidents or injuries connected to the defects.
Unilever PLC has agreed to sell ownership of its Ragu and Bertolli brand sauces in North America to Japan’s Mizkan Group for $2.15 billion.
Dollar Tree is reporting a 4 percent jump in first-quarter net income as consumers spent more at its discount stores.
Marathon Petroleum will spend $2.87 billion to acquire the retail operations of Hess, the largest chain of company operated gas stations and convenience stores on the East Coast.
Consumer electronics retailer Best Buy said Thursday that a big tax benefit and cost-cutting pushed it to a profit in its fiscal first quarter. Adjusted earnings beat expectations, but sales fell short of Wall Street estimates.
BP PLC said Wednesday it will ask the U.S. Supreme Court to decide whether businesses must prove they were directly harmed by the 2010 Gulf Of Mexico oil spill to collect payments from a 2012 settlement.
The Federal Reserve has begun to discuss the tools it could use to finally pull back the extraordinary stimulus it’s provided the U.S. economy since 2008. But Fed officials plan further discussions and have set no timetable for any increase in interest rates.
General Motors has added yet another recall to its growing list for the year. The recall of 218,000 Chevrolet Aveo subcompact cars is the company’s 29th this year, bringing the total number of recalled GM vehicles in the U.S. to around 13.8 million.
Zippo and the nation’s third-biggest tobacco company are battling over the Blu brand name being used for both Zippo lighters and a hugely popular electronic cigarette.
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Palos Hills home inspector
Illinois Home Inspector License 450.010091
Illinois Home Inspector Entity License 451.000851