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The Business Resource for Suburban Chicago
Saturday, September 20, 2014 2:55 AM
  • DEERFIELD -- Horizon Pharma Inc., a Deerfield-based specialty drugmaker, plans to shift its corporate address to Ireland today, defying a threat by Democratic lawmakers to unwind such maneuvers retroactively. 
  • HOFFMAN ESTATES -- Eddie Lampert’s $400 million loan to Sears Holdings Corp. is enough to keep the 128-year-old retailer going for three months. It’ll need 10 times that capital if it hopes to see its 130th birthday. 
  • SPTINGFIELD --The Illinois Commerce Commission  approved a $46.2 million Commonwealth Edison settlement over lawsuits with the state that could mean refunds of about $8 for customers on their November electric bills, the Illinois attorney general's office said.

     
  • DEERFIELD — Horizon Pharma stockholders approved the company’s acquisition of Vidara Therapeutics, opening the company to move its headquarters to Ireland. 
  • DEERFIELD — Mondelez International has been named to the Dow Jones Sustainability Index for the tenth year in a row on the North America index and for the ninth year running on the World index. 
  • WASHINGTON  -- Drugmakers should conduct new trials to assess the heart risks of testosterone therapies used by 2.3 million men last year, advisers to U.S. regulators said. 
  • WASHINGTON  — The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening. 
  • WASHINGTON -- U.S. homebuilders' confidence in the market for new, single-family homes surged this month to the highest level in nearly nine years. 
  • HOFFMAN ESTATES — CDK Global, a subsidiary of ADP and a global technology solutions provider helping automotive retailers and manufacturers, said it will offer a new, co-branded financing program for U.S. and Canada-based dealers with GE Capital’s Equipment Finance business 
  • CHICAGO --  Boeing Co. and Elon Musk’s Space Exploration Technologies Corp. will split as much as $6.8 billion in federal funding to help the U.S. resume manned missions and end its dependence on Russian rockets. 
  • HIGHWOOD –  The city of Highwood has named Scott Coren the village's city manager. 
  • OAK BROOK – Inland Real Estate Income Trust purchased a 15-property portfolio of retail centers located across eight states, totaling approximately two million square feet, from Kite Realty Group Trust for an estimated price of $318 million. 
  • WASHINGTON — A measure of prices that producers receive for their goods and services was unchanged in August, the latest sign that inflation is in check. 
  • United offers up to $100K if workers leave
    CHICAGO — United Airlines reached a deal with the flight attendants' union to offer up to $100,000 in severance for workers who leave the company. 
  • CHICAGO  — U.S. Sen. Dick Durbin is unabashedly defending his name-calling and other attacks on Illinois businesses looking to locate their headquarters overseas — moves his Republican challenger has described as "bullying" and the kind of anti-business behavior that's hampering the state's economic recovery. 
 
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