Tuesday, March 13, 2012

THE TICKER

COAL PRODUCTION UP: Domestic coal production totaled 17.6 milliontons during the week ending July 24, up 5 percent from the 16.8million tons produced the previous week, the U.S. Department ofEnergy reported Monday. JEWEL CUTS AFTER FIRE: Jewel Food Stores laid off 100 part-timeemployees at its Hillside warehouse, which was gutted by fire Aug. 1.An unspecified number of full-time employees were placed in otherjobs. The laid-off employees, who are members of the ChicagoTruckdrivers, Helpers and Warehouse Workers Union, are eligible forother warehouse-type jobs at Jewel for a year. RACING FORM SHUTS: In a move affecting up to 134 workers, the DailyRacing Form will shut down its Chicago printing operations inSeptember or October. An undetermined number of those employees willbe eligible for re-training and transfers, but others will lose theirjobs, a spokesman for the horse-racing newspaper said Monday. Thecompany's plant at 1301 N. Elston has obsolete presses unable toaccommodate customer demand for color graphics, the spokesman said.Though the company will maintain a bureau in the city, the paper willcome to Chicago from a commercial printer in Ohio. FIRST CHICAGO BRANCH: First National Bank of Chicago said it willopen its first branch in a Dominick's Finer Foods store at 6300 S.Kingery Hwy., Willowbrook, in the Hinsdale Lake Commons shoppingcenter. The opening will occur the week of Aug. 24. MOTOROLA, MICROSOFT DEAL? Schaumburg-based Motorola Inc. hascompleted a deal with Microsoft Corp. for the marketing of its PowerPC microprocesors, according to the Wall Street Journal. Thenewspaper reported Monday that under the agreement, Motorola boughtthe rights to use Windows NT, Microsoft's most powerful operatingsystem, and to make the software compatible with Power PC. Motoroladeclined to comment on the report. A ROLLING STONE FAMILY: Saying baby-boomers have become obsessedwith their families, the publisher of Rolling Stone is launching abi-monthly magazine for those with children age 3-12. Family Life,covering "topics essential to families of the '90s," premieres onnewsstands today. The first issue includes "A Visit With TipperGore," "Home Computers for Phobic Parents" and other articles. Alongwith Rolling Stone, US and Men's Journal, it's the fourth magazinefrom Straight Arrow Publishers. SARA LEE NET: Sara Lee Corp. reported fourth-quarter earnings of$190 million, or 38 cents per share, up 11.8 percent from theyear-ago quarter. Sales rose 13.3 percent to $3.85 billion. For theyear, the Chicago-based food and personal-products company reportedearnings of $704 million, or $1.40 per share, down 7.4 percent.Sales rose 10.1 percent to $14.6 billion. Last year's resultsinclude a one-time gain from the sale of the company's Europeanpharmaceuticals business. With a strong performance from foodoperations and weak results in European hosiery, fourth-quarter salesand earnings were "right on target," said analyst Ron Morrow ofSmith, Barney. Sara Lee stock closed up 37 1/2 cents to $21.75.

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