Littlefuse reports earnings
DES PLAINES -- Littlefuse Inc. Monday reported an increase in fourth-quarter sales and earnings that beat estimates. Fourth quarter net income totaled $11.7 million, or 53 cents a diluted share, compared with a loss of $9.2 million, or 42 cents a share, in the same period last year. Sales totaled $127.9 million, a 21 percent increase from a year ago. For the year, Littlefuse reported net earnings of $9.4 million, or 43 cents a diluted share, compared with earnings of $8 million, or 37 cents a share last year. The Chicago-based maker of circuit protection systems has operations in Des Plaines.
Hewitt studies retirement
LINCOLNSHIRE -- Many U.S. employers are increasingly losing confidence in their workers' ability to save for retirement and, as a result, plan to step up their efforts this year to help workers maximize their 401(k) savings, according to a new survey by Hewitt Associates, a global human resources consulting and outsourcing services company. High on employers' priority lists in 2010: restoring company 401(k) matches that were suspended or reduced during the market downfall and adding automated tools and investment features that take the guesswork out of saving and investing.
Long Grove shop relocates
LONG GROVE -- Casa Brasil recently moved to a new location in Long Grove. The business now operates at Building 5 on Country Lane facing Towner Green. The business features Brazilian imports, foods and jewelry as well as perfumes, lotions and accessories. …