Itel Corp. said Friday it plans to sell its marine dredging business to a New York buyout fund for $165 million, booking a $20 million loss as a result. The Chicago firm said it will use proceeds to ...
An Oak Brook-based unit of Itel Corp. and three of its executives were indicted Tuesday by a federal grand jury in New Orleans for allegedly conspiring with a Louisiana competitor to rig bids on U.S.
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