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The Business Resource for Suburban Chicago
Monday, November 30, 2015 11:36 PM
  • MOLINE, Ill. -- Deere & Co. on Wednesday reported fiscal fourth-quarter net income of $351.2 million. The Moline, Illinois-based company said it had profit of $1.08 per share. 
  • DEERFIELD  -- CF Industries Holdings Inc. said it remains committed to its planned $5.4 billion acquisition of fertilizer assets from Netherlands-based OCI NV and will look for ways around a U.S. clampdown on tax-inversion deals. 
  • DEERFIELD -- CF Industries Holdings Inc.’s plans to cut its tax bills by shifting its legal address to the U.K. faces uncertainties, according to analysts following the deal, after the U.S. Treasury Department released new guidelines to curb so- called inversions. 
  • WOOD DALE — Power Solutions International announced a technical development agreement with Jiangsu NEOC Automotive Co., Ltd, a subsidiary of Aviation Industry Corp. of China, a Fortune Global 500 aircraft, defense and automotive company based in Beijing. 
  • CHICAGO— ConAgra, which is moving its headquarters to Chicago, said it is spinning off its frozen potatoes business in an ongoing effort to intensify its focus on key name brand foods.

  • BLOOMINGDALE — NOW Foods, one of the largest independent manufacturers of natural products in the U.S. for health food stores, will expand its operations facility with the purchase of a 207,000 square foot building in Roselle.

  • WASHINGTON — U.S. manufacturing output rose in October for the first time in three months as factories cranked out more steel, cars and computers. 
  • WOOD DALE — Power Solutions International, said it has signed a technical development agreement with Xiamen Golden Dragon Bus Co., Ltd. in Xiamen City, China. 
  • CHICAGO  — Ford Motor Co. would invest $900 million in its assembly plant on Chicago’s South Side and create about 200 new jobs under a tentative labor agreement between the automaker and United Auto Workers. 
  • WOOD DALE — Power Solutions International said net sales for the third quarter of 2015 rose 19 percent as the company benefitted from its recent acquisition of two companies. 
  • BRIDGEVIEW — Manitex International, a manufacturer of cranes and specialized material and container handling equipment, said revenues for the third quarter of 2015 increased 46 percent as cost controls and positive results in its secondary sectors offset the weakness in the construction industry. 
  • SCHAUMBURG — Sparton Corp. said it will consolidate its Irvine, California design center into its Irvine manufacturing operations by Feb. 1, 2016. 
  • PEORIA  -- With few exceptions, the U.S. jobs report last week showed solid hiring reflecting buoyant demand across a wide swath of industries. Unfortunately for Caterpillar Inc., many of its customers are among those exceptions. 
  • LAKE FOREST — Brunswick Corp. said it has acquired Garelick Manufacturing Co., a maker of premium seat, table hardware and other items.
    Terms of the transaction were not disclosed. 
  • CHICAGO -- As Boeing Co. weighs developing a midsize model to fill a critical gap in its jet lineup, one thing is clear: Whatever its dimensions and shape, the new plane must be about as economical to fly as the signature 737. 
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