Navistar, a local company that has received millions of dollars in state incentives to retain jobs, has reached out to 6,300 employees to see if they would like to take voluntary buyouts, the company said Monday.
Sears Holdings Corp. and Chicago’s financial exchanges have quit threatening to pull up stakes now that Illinois has enacted tax breaks for them. But it remains unclear whether state incentives to big companies are wise uses of economic-development resources.
The White House has announced new fuel standards for trucks and buses. They'll require trucks built between 2014 and 2018 to drastically reduce fuel consumption.The new standards mean big changes for companies like Illinois-based truck manufacturer Navistar International Corporation, said&