Caterpillar’s first-quarter earnings climbed 5 percent, and the construction equipment maker raised its 2014 forecast. But the company also said Thursday that a mining equipment sales slump is still hurting results.
Rick Osterloh, who was named Motorola Mobility president and chief operating officer just two weeks ago, said the company will remain focused on building three Android-based smartphones — the Droid, Moto X and Moto G — and selling them as great values.
First Midwest Bank has agreed to buy the Chicago banking operations of Popular Community Bank. The Itasca-based banking company is buying 12 offices as Popular Community Bank leaves the market.
Chris Sherrell is promising the cheapest produce in town. That’s a tall order in the Chicago area, where the $17 billion grocery industry is crowded and the margins are razor-thin.
Sears is adding another reason for shoppers to join its free loyalty program as it tries to rev up slumping sales. The chain is launching a service called Get Advice, where Shop Your Way customers can tap into a broader community of thousands of Sears associates and tens of millions of loyalty members nationwide for purchasing advice.
McDonald’s CEO Don Thompson said Tuesday the company hasn’t seen any impact from the “most recent competitor” in the breakfast space. In apparent references to Subway and Taco Bell, he noted McDonald’s seems to face new rivals every year, whether they’re “sandwich shops or taco shops.”