US employers advertise most jobs since March 2008Jan 14, 2014 // Jorja McKinney
WASHINGTON (AP) — U.S. employers advertised more jobs in November and more Americans quit, positive signs for millions who are unemployed and looking for work.
The Labor Department said Friday that job openings rose 1.8 percent to a seasonally adjusted 4 million, the most in 5 1/2 years. And the number of people quitting increased 1.9 percent to a seasonally adjusted 2.4 million, a five-year high.
Job openings haven’t topped 4 million since March 2008, just a few months after the Great Recession began. Openings at that level are generally consistent with a healthy job market.
And more workers quitting can also be a positive signal, because people usually quit when they either have a new job – typically for more pay – or are confident they can find one.
The data suggest the competition for jobs is getting a little bit easier.
Cost cuts boost Supervalu bottom lineJan 07, 2014 // Jorja McKinney
Supervalu swung to a profit in its fiscal third quarter over a loss a year ago, buoyed by cost cutting and solid growth at its Save-A-Lot chain.
But sales fell again at Supervalu’s wholesale grocery operation and at its traditional supermarkets, which includes the Twin Cities’ Cub Foods.
Eden Prairie-based Supervalu Thursday posted third quarter net earnings of $31 million or 12 cents per share, up from a loss of 7 cents per share a year ago. When adjusted for one-time charges, Supervalu’s third quarter profits were 13 cents per share, in line with the average estimate of analysts polled by Thomson Reuters.
Supervalu recorded sales of $4.01 billion, down from $4.05 billion a year ago and below analysts’ estimates of $4.05 billion.
Part of historic Jewelers Row building could become hotelJan 03, 2014 // Jorja McKinney
Mark Bacharach has been through this before. The owner of a custom jewelry shop started by his German father had a thriving business in the historic Kesner Building at 5 N. Wabash Ave., but it had to relocate in 2000 when that property converted into condominiums.
Now ensconced on the eighth floor of the Pittsfield Building just a block north at 55 E. Washington St., Bacharach is bracing for what could be another disruption.
Floors 2-9 of the landmark building are said to be under contract for sale to a developer with plans to convert the space into a hotel, industry sources said. Bacharach said he doesn’t know if he can weather another move, a sentiment shared by other jewelers in the building.
“I’d run into old customers on the street, and they’d say, ‘I couldn’t find you,’” Bacharach said of some of the difficulties he faced with his last move after 56 years in the Kesner Building.
Alternative Dispute Resolution Attorney Alan Scott Debuts New WebsiteJan 01, 2014 // Jorja McKinney
“Although arbitration and mediation have been around for some time, many clients don’t realize the potential benefits of these methods,” said Scott. “This new website is my little way of informing people everywhere that when there is a better, less expensive and less stressful way of resolving a dispute. For people who want to avoid the challenge of a courtroom battle or even for those who haven’t been able to reach resolution in court, mediation and arbitration can be effective methods for resolving a dispute.”
With years of experience as a civil circuit mediator and arbitrator, Alan F. Scott, Jr. is a leader in the field of alternative dispute resolution. He has served as an arbitrator or mediator in many different civil and commercial disputes since 1996, helping clients resolve their legal disputes outside of the courtroom.
Residents still without power growing frustratedDec 28, 2013 // Jorja McKinney
EAST LANSING, Mich. (AP) — Staring at a sixth day without power in a house as cold as a refrigerator, a frustrated John Johnson finally was able to borrow a generator from a neighbor Friday.
He “never in a million years” thought his tree-lined city neighborhood near Michigan State University would be without electricity this long. But it could be Sunday or even the middle of next week before the power is back after a weekend ice storm that tore off tree limbs and snuffed out lights from Michigan to Maine and into Canada over the Christmas holiday.
“Hopefully, I make it through without any frozen pipes until the (utility) gets in here,” said Johnson, 63, as he tried setting up the generator to warm up the house above 40 degrees before giving it back to his neighbor.
Michigan bore the brunt of the storm as nearly 600,000 homes and businesses lost power, and as of Friday afternoon, about 60,000 customers remained in the dark.
General Mills slips with packaged food marketDec 19, 2013 // Jorja McKinney
The stock market is booming and by some measures the economy is perking up, but U.S. consumers aren’t opening their wallets in the grocery aisles — a notion General Mills Inc. reinforced Wednesday.
The Golden Valley-based packaged-food giant posted second-quarter earnings well below Wall Street expectations on softer-than-anticipated sales. General Mills’ showing follows anemic quarterly results last month from Kellogg and Campbell Soup, along with several months of lackluster sales for much of the packaged foods industry.
“Macroeconomic headwinds are challenging the consumer products space — it’s becoming a more common theme,” said Erin Lash, a stock analyst at Morningstar.
The issue is basic: Many shoppers’ finances are still battered.
“The middle- and low-end consumer I think continues to really struggle,” said Jack Russo, an analyst with Edward Jones. “I don’t think thei
Rosenthal: Boeing makes sky-high request for states wanting 777X plantDec 14, 2013 // Jorja McKinney
When it comes to corporate incentives, leave it to an aerospace company to test the limits of what will fly.
For those hoping to host production of its newest big jet, Chicago-based Boeing has a wish list that even Santa, his reindeer and all his little helpers would be hard-pressed to lift, let alone deliver on. But that hasn’t discouraged 22 states, including Illinois, from taking it on in a bid to land at least a share of the thousands of jobs connected to the planned 777X jetliner.
What does Boeing want from your state and you?
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What doesn’t it want?
Let’s put it this way: Marauding hordes in times of yore could have saved themselves a lot of bloodletting if, instead of invading a community, they sent out a request for proposal outlining what should be laid at their feet in exchange for becoming partners in economic opportunity.
Between Archer Daniels Midland, Sears Holdings, Ford and others, those of us in Illinois are hardly unaccustomed to seeing corporations rattling their cup.