Abbott seeks Japanese approval
LIBERTYVILLE TOWNSHIP -- Eisai Co. and Abbott Laboratories are seeking Japanese approval for wider use of the arthritis medicine Humira. The companies sought approval to use the monoclonal antibody medication for the treatment of juvenile idiopathic arthritis, Eisai said Monday in a statement on its website. Abbott is based in Libertyville Township.
Sara Lee plans to sell debt
DOWNERS GROVE -- Sara Lee Corp., the maker of Ball Park hot dogs and Hillshire Farm meat products, plans to sell $800 million of debt in a two-part offering as it seeks to repay notes maturing next year. The company may sell 5- and 10-year securities, sources said Monday. Proceeds will be used with cash on hand and commercial paper issuance to help fund a tender offer for notes due in 2011, the company said Monday in a prospectus that didn't specify the size, timing or maturity of the new debt.
Red 21 to open store
SOUTH BARRINGTON -- Red 21, a boys' clothing store, will open a store at The Arboretum of South Barrington. Scheduled to open Friday, Sept, 2, in the space formerly occupied by Swoozie's, Red 21 will feature three video game systems for juniors and young boys and a play area and coloring station for toddlers. Red 21 at the Arboretum of South Barrington joins a steadily expanding roster of some of the top brands in the country; in June, the Arboretum welcomed new tenants Toms-Price, Gymboree Play & Music, Charming Charlie, and Vintage Elegant Family Estates. …