Business Stories from August 5, 2022
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Wall Street falls as jobs data suggests Fed hikes not over
Aug 5, 2022 3:50 PM - Stocks are closing mostly lower Friday after new data on the hot U.S. jobs market suggested the Fed won't soon rein in its aggressive rate hikes
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Zillow, Monster Beverage fall; Yelp, Atlassian rise
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Motorola sales continue to flourishAug 5, 2022 3:05 PM - Motorola Solutions Inc. reported financial results for its fiscal year second quarter, including sales of $2.1 billion, up 9% compared to the same quarter a year ago.
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Paylocity grows revenue by 34% in fiscal yearAug 5, 2022 2:52 PM - Schaumburg-based Paylocity Holding Corp. released financial results for its fourth quarter and 2022 fiscal year ended June 30, including a 34% increase in revenue.
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Middleby sales increase 25% in quarterAug 5, 2022 2:39 PM - Elgin-based Middleby Corp. reported net earnings of $113.2 million in its fiscal year second quarter, or $2.07 diluted earnings per share, on net sales of $1.0 billion.
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Hub Group reports record revenue, profitAug 5, 2022 2:29 PM - Oak Brook-based transportation and logistics company Hub Group Inc. announced net income of $103 million in its fiscal year second quarter, and diluted earnings per share of $3.03. Net income for the same quarter last year was $27 million, or 78 cents per diluted share.
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Wheeling business wants to process hazardous wasteAug 5, 2022 2:18 PM - Wheeling's plan commission will meet Wednesday to discuss a request from a business to process hazardous waste and other issues.
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5 key takeaways from the July jobs report
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US employers add 528,000 jobs; unemployment falls to 3.5%
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Amazon to buy vacuum maker iRobot for $1.66B
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