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Business and Finance

Plass Appliance shutting down all stores

Federal Signal taps Westell exec as CFO

Chicagoland Chamber CEO Roper sets retirement date

McDonald's tackles repair of 'broken' service

Sears launches celebrity branding unit with Adam Levine, Nicki Minaj

Park district to test bond market waters this summer

The Chicago Park District set in motion Wednesday plans to issue $35 million in bonds this June, as the agency vies to secure money for their long-term capital plan.

The district’s Board of Commissioners adopted a resolution authorizing the agency to reimburse any bond it issues, a procedural hurdle necessary to enter the bond market.  At an earlier meeting Wednesday of the district’s Committee on Administration, Cynthia Evangelsti, acting treasurer for the park district, acknowledged that the bond market is currently unpredictable.

Boeing to set up research center in Brazil

Groupon hires new technology chief

Office Depot, OfficeMax pick CEO search panel

Terms for enterprise zones extended by Committee on Finance

The lifespan of some of the city's "enterprise zones" would be extended under legislation approved Monday by the City Council Committee on Finance.

Mandated by the state, enterprise zones are special areas that offer a number of tax exemptions and credits to businesses — many from the manufacturing sector — that are located within the zones’ boundaries. There are currently 95 enterprise zones in Illinois, six of which are located in Chicago.