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Chicago Tribune from Chicago, Illinois • 2-4

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Chicago Tribunei
Location:
Chicago, Illinois
Issue Date:
Page:
2-4
Extracted Article Text (OCR)

4 Chicago Tribune Business Section 2 Thursday, October 5, 2017 MARKET ROUNDUP Dow Jones industrials Close: 22,661.64 Change: 19.97 (0.1) 22,720 10 DAYS 22,460 Stocks listed may change due to daily fluctuations in market capitalization. Exchange key: NNYSE, 0NASDAQ STOCK XCHG. CLOSE CHG. STOCK XCHG. CLOSE CHG.

STOCK XCHG. CLOSE CHG. Abbott Labs 54.34 .59 Equity Commonwlth 30.60 .31 Mondelez Intl 41.02 .08 AbbVielnc 89.90 .20 Equity Lifesty Prop 86.48 .98 Morningstar Inc 85.62 Akornlnc 32.90 .22 Equity Residential 66.52 .97 Motorola Solutions 85.64 Allstate Corp 92.86 .76 Exelon Corp 38.19 .35 Navistar Intl 44.11 Aptargroup Inc 88.14 First Indl RT 30.49 NiSourcelnc 25.71 .34 Arch Dan Mid 43.03 .31 Fortune Brds 66.33 Nthn Trust Cp 91.66 Baxter Intl 62.90 .28 Gallagher AJ 61.60 Old Republic 19.72 Boeing Co 255.76 .30 Grainger WW 180.90 Packaging Corp Am 117.33 .06 Brunswick Corp 57.65 .05 GrubHub Inc 54.10 Stericycle Inc 71.48 CBOE Holdings Inc 109.34 .27 Hill-Rom Hldgs 76.92 .80 Tenneco Inc 63.17 .56 CDK Global Inc 64.23 .41 IDEX Corp 124.33 1.14 TransUnion 48.53 .88 CDWCorp 69.70 .82 ITW 150.01 .22 TreeHouse Foods 67.84 .41 CF Industries 35.10 Ingredion Inc 123.61 .56 Tribune Media Co A 41.23 .43 CME Group 136.88 Jones Lang LaSalle 127.50 .25 USG Corp 32.01 .09 CNA Financial 50.67 .01 Kraft Heinz Co 77.77 Ulta Salon Cosmetics 223.52 Caterpillar Inc 126.74 1.23 LKQ Corporation 36.76 .33 United Contl Hldgs 64.47 .33 ConAgra Brands Inc 33.96 .55 Littelfuse Inc 197.72 1.33 Ventas Inc 63.65 Deere Co 128.33 .23 MB Financial 44.70 Walgreen Boots Alii 75.83 Discover Fin Svcs 65.49 McDonalds Corp 157.21 .35 Wintrust Financial 77.44 Dover Corp 93.69 .65 MiddlebyCorp 128.84 .97 Zebra Tech 111.40 .60 22,200 23,000 22,500 22,000 21 ,500 21 ,000 20,500 20,000 m.Mw.iy,i5Mnrei NEW YORK STOCK EXCHANGE Based on market capitalization STOCK CLOSE CHG. Based on total assets FUND CHG 1-YR NAV RTN 71 3.16 Close 2,537.74 High 2,540.53 Low 2,531.80 Previous 2,534.58 A 2.92 (.04) Close 6,534.63 High 6,546.46 Low 6,513.12 Previous 6,531.71 American Funds AMCpA 31.16 .10 18.6 American Funds AmrcnBalA 27.13 .04 13.6 American Funds CptWIdGrlncA m51.35 .04 19.0 American Funds CptllncBldrA 62.78 10.9 American Funds EuroPacGrA 55.90 .13 21.2 American Funds FdmtllnvsA 62.15 .10 21.7 American Funds GrfAmrcA 49.94 .13 21.3 American Funds IncAmrcA 23.32 12.5 American Funds InvCAmrcA 40.64 .05 17.8 American Funds NwPrspctvA 43.90 .15 22.4 American Funds WAMtlnvs A 44.88 .04 21.0 Close High Low Previous 1,507.76 1,514.77 1,505.07 1,511.97 39.50 178.71 951.68 966.78 965.45 120.95 153.48 25.71 185.83 81.79 168.42 96.36 132.89 74.69 92.42 62.65 60.90 79.09 54.96 .02 .15 8.39 .87 .16 .03 .79 .43 .30 Inc Alibaba Group Hldg Alphabet Inc Alphabet Inc A Amazon.com Inc Anheuser-Busch Apple Inc Bank of America Berkshire Hath Exxon Mobil Corp Facebook Inc JPMorgan Chase Johnson Johnson Microsoft Corp Procter Gamble Royal Dutch Shell Royal Dutch Shell A WalMart Strs Wells Fargo Co 71 2.20 to $1,273.70 to 2.32 to to $49.98 Major market growth and decline 5-day change 30-day change STOCK CLOSE CHG. Teva Pharm 16.08 Bank of America 25.71 Ford Motor 12.30 Gen Electric 24.48 Sprint Corp 7.58 Vale SA 10.37 .06 Weatherford Intl Ltd 4.27 Shopifylnc 103.30 Whiting Petroleum 5.37 Lloyds Banking Grp 3.64 .03 Rite Aid Corp 2.09 MBIA Inc 7.95 ENSCO PLC 5.81 Ambev S.A.

6.68 Inc 39.50 .02 Twitter Inc 17.75 .16 Chesapk Engy 4.27 Kroger Co 20.53 Freeport McMoRan 14.53 Petrobras 10.40 Snap Inc A 14.53 Oracle Corp 48.90 .21 Marathon Oil 13.90 .14 Wells Fargo Co 54.96 NASDAQ STOCK MARKET STOCK CLOSE CHG. Real Goods Solar 2.37 1.55 Adv Micro Dev 13.31 Micron Tech 39.56 MylanNV 37.80 5.27 Celsion Corp 3.80 Medical Transc Bill 3.25 .05 Intel Corp 39.34 Sirius XM Hldgs Inc 5.73 .14 Office Depot 3.78 JD.com Inc 38.34 Apple Inc 153.48 MannKind Corp 3.54 .72 Endocyte Inc 6.10 .22 Comcast Corp A 38.59 .29 Cisco Syst 33.44 Inpixon Corp .48 .18 FuelCell Energy 2.22 .34 Microsoft Corp 74.69 .43 Brocade Commun 12.25 .09 Catabasis Pharma 3.03 .20 GoPro Inc 10.39 Facebook Inc 168.42 21st Century Fox A 27.10 .47 Nvidia Corporation 180.87 1.50 1-year change DURATION CLOSE PREV. 3-month disc 1.05 1.02 6-month disc 1.18 1.18 2-year 1.48 1.48 10-year 2.32 2.33 30-year 2.87 2.87 CLOSE PREV. 13.84 .01 2.9 46.77 26.6 202.09 25.2 10.70 1.9 89.18 .12 20.4 89.17 .12 20.4 122.00 .10 24.8 121.99 .10 24.9 52.20 .08 18.1 2.39 12.8 70.51 15.8 10.68 .6 28.90 .11 34.0 12.44 8.9 10.33 2.9 39.60 .05 20.4 93.69 .24 28.7 67.77 .17 27.4 9.52 .8 234.29 .30 20.4 234.29 .31 20.3 26.17 .04 15.6 91.41 .32 13.7 9.83 1.5 14.20 .01 1.2 231.16 .31 20.4 231.17 .30 20.4 57.02 .06 20.6 183.69 .62 17.6 132.57 25.2 10.69 1.5 68.43 19.9 31.32 .02 11.1 18.34 .01 12.8 33.10 .02 14.4 20.31 .01 16.0 10.79 .3 10.79 .3 21.77 .01 29.53 .01 20.0 118.07 .01 20.0 118.09 .01 20.0 17.65 19.9 63.57 .07 20.6 63.58 .07 20.6 63.55 .07 20.5 73.02 .04 14.4 64.81 .05 7.3 68.61 .02 18.1 Dodge Cox Inc Dodge Cox IntlStk Dodge Cox Stk DoubleLineTtlRetBdl Fidelity 500ldxlns Fidelity 5001 ndexPrm Fidelity Contrafund Fidelity ContrafundK Fidelity LowPrStk Franklin Templeton I ncA Harbor Intllnstl Metropolitan West TtlRetBdl Oakmark Intllnv PIMCOInclnstl PIMCOTtlRetlns Schwab SP500ldx T. Rowe Price BCGr T.

Rowe Price GrStk T. Rowe Price Newlnc Vanguard 500ldxAdmrl Vanguard 500ldxlnv Vanguard DivGrlnv Vanguard HCAdmrl Vanguard InTrlnGdAdm Vanguard InTrTEAdmrl Vanguard Insldxlns Vanguard InsldxInsPlus Vanguard InsTtlSMIInPIs Vanguard MdCpldxAdmrl Vanguard PrmCpAdmrl Vanguard STInvmGrdAdmrl Vanguard SmCpldxAdmrl Vanguard TrgtRtr2020lnv Vanguard TrgtRtr2025lnv Vanguard TrgtRtr2030lnv Vanguard TrgtRtr2035lnv Vanguard TtBMIdxAdmrl Vanguard TtBMIdxIns Vanguard TtlnBldxAdmrl Vanguard TtlnSldxAdmrl Vanguard TtlnSldxIns Vanguard TtlnSldxInsPlus Vanguard TtlnSldxInv Vanguard TtlSMIdxAdmrl Vanguard TtlSMIdxIns Vanguard TtlSMIdxInv Vanguard WlngtnAdmrl Vanguard WIslylncAdmrl Vanguard WndsrIIAdmrl Gold $1273.70 $1271.50 Silver $16,563 $16,581 Platinum $910.60 $911.10 Prime Rate 4.25 Discount Rate Primary 1.75 Fed Funds Target 1.00-1.25 Money Mkt Overnight Avg. 0.33 DOW NASD DOW NASD DOW NASD 1.44 1.26 1.22 3.92 2.21 2.93 23.96 22.92 17.50 III III III 777 777 777 COMMODITY AMOUNT-PRICE MO. OPEN HIGH LOW SETTLE CHG. WHEAT (CBOT) 5,000 bu minimum- cents per bushel Dec 17 448.75 449.25 441.50 442 Mar 18 465.50 466.50 459.75 460.50 -5 CORN (CBOT) 5,000 bu minimum- cents per bushel Dec 17 349.25 349.50 346 348.25 Mar 18 362 362.25 359 361.25 -1 SOYBEANS (CBOT) 5,000 bu minimum- cents per bushel Nov 17 955.25 961.75 953 958.25 3 Jan 18 966 972.25 963.50 968.75 2.75 SOYBEAN OIL (CBOT) 60,000 lbs- cents per lb Oct 17 32.44 3239 32.44 32.99 .48 Dec 17 32.69 33.25 32.69 33.23 .48 SOYBEAN MEAL (CBOT) 100 tons- dollars per ton Oct 17 308.40 308.90 305.90 306.90 TiT Decl7 312.00 313.10 309.80 311.00 LIGHT SWEET CRUDE (NYMX) 1,000 dollars per bbl.

Nov 17 50.16 50157 49.76 49.98 TiT Dec 17 50.50 50.96 50.11 50.32 NATURAL GAS (NYMX) 10,000 mm btu's, per mm btu Nov 17 2.905 2977 2.898 2.940 .045 Dec 17 3.097 3.159 3.089 3.122 .037 NY HARBOR GAS BLEND (NYMX) 42,000 gallons- dollars per gallon Nov 17 1.5491 1.5899 1.5428 1.5805 .0150 Dec 17 1.5435 1.5759 1.5391 1.5685 .0102 A U.S. Dollar buys Argentina (Peso) 17.3570 Australia (Dollar) 1.2724 Brazil (Real) 3.1281 Britain (Pound) .7547 Canada (Dollar) 1.2475 China (Yuan) 6.6428 Euro .8501 India (Rupee) 65.065 Israel (Shekel) 3.5132 Japan (Yen) 112.75 Mexico (Peso) 18.2485 Poland (Zloty) 3.65 So. Korea (Won) 1143.05 Taiwan (Dollar) 30.45 Thailand (Baht) 33.34 INDEX CLOSE CHG. Shanghai 3348.94 Stoxx600 390.40 Nikkei 20626.66 MSCI-EAFE 1977.21 Bovespa 76591.44 FTSE 100 7467.58 CAC-40 5363.23 9.3.3 12.6.1 3.5.2 Deferred sales charge, or redemption fee. Multiple fees are charged, usually a marketing fee and either a sales or redemption fee.

Source: Morningstar. Source: The Associated Press Study: Tech in cars can be too distracting Ford plans $14B in cost cuts as part of new CEO's strategy "They are not going to build the safest vehicle in the world that people will not buy. IfGM offers it (technology) and Ford doesn't, I'm going to buy the GM." David Teater, independent car safety consultant PAUL SANCYAAP Ford Motor CEO Jim Hackett, the former Steelcase CEO, joined Ford's board in 2013. Tech, from Page 7 Despite the potential dangers, consumers are increasingly demanding tools such as text messaging, internet access and voice commands in their vehicles, experts say. Automakers are for-profit businesses that have responsibilities to their shareholders, said David Teater, an independent car safety consultant "They are not going to build the safest vehicle in the world that people will not buy," he said.

"If GM offers it (technology) and Ford doesn't, I'm going to buy the GM." Experts say they wish more automakers installed technology in vehicles to allow drivers to disable certain entertainment systems while the vehicle is running. Teater said he hopes employers will lead the charge for change by requiring employees to pledge not to use their phones and certain other technologies while driving. That, he said, will trickle down to consumers. The 30 cars used in the study were selected for their market share, availability for testing and their "infotainment" features. None of the cars tested was listed as low-distraction.

In addition to the Audi Q7, cars listed in the very-high distraction category include the Chrysler 300, Honda Civic Touring, Mazda 3 Touring and the Volvo XC60 T5, among others. The AAA has reached out to automakers and their suppliers to discuss their findings, Mosher said. "Automakers agree that hands on the wheel and eyes on the road continue to be critical to safe driving," Will drop some models, refocus on hybrids, electrics By Dee-Ann Durbin Associated Press DETROIT Ford Motor new CEO plans to cut $14 billion in costs, drop some car models and focus the company's resources on trucks, SUVs and electric vehicles as part of a renewed effort to win over skeptical investors. Jim Hackett, who became Ford's CEO in May, met with around 100 investors in New York on Tuesday to lay out his plans for the future. He said getting the company lean and flexible will help it handle the changes the auto industry is facing, from car-sharing to self-driving vehicles, to the shift to electric cars.

"I feel a real sense of urgency for what we're doing here," Hackett said. Hackett and his executive team spent the summer reevaluating Ford's operations after former CEO Mark Fields was ousted in May. Hackett traveled to Russia and Turkey and visited North American plants and Ford's Silicon Valley research center as part of his review He said he was impressed by the talent at Ford but wants to update factories and speed product development and decision-making. One of his first moves was to pare down the number of people reporting to him. Hackett has eight direct reports, compared with 18 for Fields.

Ford told investors it expects to reduce material costs by $10 billion by 2022 through new deals with suppliers and simpler designs. The company plans to share more parts between vehicles and reduce the options available for configuring a car. For example, customers can now order a Ford Fusion sedan in 35,000 possible said Wade Newton, a spokesman for the Alliance of Automobile Manufacturers, in an email. "It's important to discourage drivers from using portable electronics because they were never designed to be used while driving." But Newton compared the infotainment systems to tuning the radio or adjusting climate controls, "which have always been considered baseline acceptable behaviors while driving." Personal responsibility is also involved, said Jane Terry, senior director of government affairs at the National Safety Council, a Washington, DC-based advocacy group. "We're not good multitaskers," she said.

"When you get behind the wheel of a vehicle, your attention should be on the road. Get your Facebook or directions in before you leave, not in the middle a trip." crshropshirechicagotribune.com Twitter corilyns Ford is reducing that to 96. Ford also says it will cut $4 billion in engineering costs through 2022 by making fewer prototypes and reducing product-development time. It plans to cut one-third of its engine development costs and redeploy them to electric and hybrid vehicles. Ford aims to introduce 13 new electrics and hybrids over the next five years, including a small electric SUV coming in 2020.

The company plans to reallocate $7 billion from cars to SUVs and trucks. Global demand for those vehicles is rising, and they are critical to Ford's bottom line. Jim Farley, head of Ford's global markets, said Ford plans more off-road SUVs like the upcoming Bronco for North America and more low-end small SUVs and seven-passenger SUVs for China. The automaker plans to cut some cars from its lineup but didn't name them Tuesday. Farley said Ford will still offer small cars, like the Focus, but will stick to more expensive and more profitable versions.

Ford emphasized that it's open to new partnerships, such as its recent agreement with Indian automaker Mahindra Group to cooperate on mobility, electric cars and other He briefly led Ford's mobility unit before being tapped as CEO. Ford hired Hackett, in part, to turn around its share price, which has languished for the last two years even as rival General Motors Co. saw its shares rise to their highest level in seven years. Ford sunk below Tesla Inc. in market value earlier this year, even though it earned $4.6 billion in 2016 and Tesla has never made a full-year profit.

Ford's shares rose 2 percent to close at $12.34 Tuesday before Hackett's presentation. It's not yet clear whether his pitch will improve investors' confidence. "Straddling the now and the future will be tricky, especially in terms of profitability," said Michelle Krebs, an executive analyst for the car-buying site Autotrader.com. Investors have been critical of Ford for waiting too long to bring a long-range electric vehicle to market, as GM did with the Chevrolet Bolt. They also struggled to understand Ford's plans to compete on autonomous cars.

"In the past few years, Ford simply hasn't had a compelling narrative that investors could latch onto," Barclay's analyst Brian Johnson wrote in a recent note to investors. projects. It is also working with ride-hailing company Lyft on self-driving technology and with China's Zotye Automobile Co. about an electric car partnership. The company says its vehicles will get smarter, with 90 percent of its global vehicles getting modem connectivity by 2020.

That will allow things like software updates or apps that help drivers find parking. Ford can differentiate itself by offering, say, connected commercial vans that help small businesses keep track of their deliveries. Marcy Klevorn, Ford's head of mobility, said Ford launched a medical van service eight weeks ago that can pick up wheelchair-bound patients and take them to the doctor. The service uses Ford-developed software for scheduling appointments, and it will help the company figure out ways that consumers will eventually use self-driving vehicles. Ford stuck to its previous guidance for 2017 on Tuesday.

The company expects adjusted earnings of $1.65 to $1.85 for the full year. Ford earned $1.76 per share in 2016. Hackett, the former CEO of office furniture company Steelcase joined Ford's board in 2013. CONTACT US Mary Ellen Podmolik, Associate Managing Editor Business, 435 N. Michigan Chicago, IL 60611; businesstribpub.com; 312-222-4771 THE LADDER: Have a hiring or promotion you'd like to tell the world about in print and online? Go to chicagotribune.comtheladder to share your news.

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