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Business

Will redevelopment displace Parker House?

Housing redevelopment in Bronzeville could displace one of the community's oldest businesses, Parker House Sausage Co.

Bernanke says Fed can take on supercop role

WASHINGTON — Federal Reserve Chairman Ben Bernanke on Tuesday fended off congressional skepticism about expanding the Fed's duties to police big financial companies given the U.S. central bank's failure to catch problems that led to the financial cr

JPMorgan 2Q profit jumps 36 pct, topping forecasts

CHARLOTTE, N.C.— JPMorgan Chase & Co. posted a 36 percent jump in second quarter profit that easily surpassed analysts' expectations as strength in investment banking offset a jump in credit losses.

Ill. officials approve state budget built on debt

SPRINGFIELD, Ill.— Facing a massive deficit and an array of unpleasant choices, Illinois officials decided Wednesday to keep state government running with a budget built around borrowing billions of dollars and letting unpaid bills climb to record l

Annual business expo attracting entrepreneurs

Many Black entrepreneurs said they plan to attend the 8th Annual Small Business Expo Friday to network with potential clients and strengthen their business skills.

Mountain of debt: Americans’ debt stress is easing

WASHINGTON–Unemployment is rising. Nest eggs are in tatters. Home values have tanked. And yet surprisingly, Americans are feeling less stress from debt these days.

Supreme court ruling allows aggressive efforts to combat predatory lending

In Cuomo v. Clearing House Association, the U.S. Supreme Court has confirmed that America's fair lending laws should be vigorously enforced by all levels of government.

GM chief says company will make money, repay loans

DETROIT — The new General Motors will be faster and more responsive to customers than the old one, and it will make money and repay government loans faster than required, CEO Fritz Henderson said Friday as a leaner version of the automaker emerged f

Alcoa results, better jobless data lift stocks

NEW YORK— Investors are cautiously moving back into stocks after being reassured by better earnings from Alcoa Inc. and a decline in claims for jobless benefits.

Black GM dealers to weather economic storms

Even before General Motors Corp. filed for bankruptcy protection last month, there were only three Black-owned GM dealerships in Illinois.
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