Tower Ticker | Bill White, operations director of WBT-AM and FM and WLNK-FM in Charlotte N.C., has been named the new program director at Chicago’s WGN-AM 720, effective Valentine’s Day.
The job at Chicago Tribune parent Tribune Co.’s radio station has been officially vacant since the exit of Kevin Metheny in November with Tom Langmyer, WGN-AM’s vice president and general manager, handling the programming responsibilities since then.
Apple Inc. reported better-than-expected results, fueled by blockbuster holiday sales of the iPhone and iPad that may help ease investor concern about Chief Executive Steve Jobs’ decision to take medical leave.
Shares in Apple, halted before the release, rose 4 percent, to about $354, after-hours, from a regular-session close of $340.65. Get the full story »
Chrysler Group LLC Chief Sergio Marchionne said he wants to “re-think” the automaker’s iconic minivan and introduce a new concept as early as 2013.
Five New England residents and five national health care advocacy groups are suing the federal government, saying Medicare benefits are being cut improperly after their conditions are determined to be chronic. Get the full story »
A passenger plane takes off at O'Hare as work continues in foreground on the runway expansion project. (Chris Walker/Chicago Tribune)
United and American Airlines on Tuesday made good on their threat to sue Chicago to stop the city from issuing bonds to finance the remainder of the expansion project at O’Hare International Airport.
The airlines, which say they cannot afford to help pay for new runways that will not be needed for years, filed the lawsuit in Cook County Circuit Court just days after sending a letter on Friday to Mayor Richard Daley, asking for negotiations on the future of the O’Hare Modernization Program. The letter said the expansion must proceed based on future increases in flights. Get the full story »
Isaac Mizrahi during New York Fashion Week 2011. (Donna Ward/MCT)
Isaac Mizrahi is in final talks to open a boutique on Rush Street in Chicago’s Gold Coast neighborhood, a move that would give the celebrity designer his first store outside of Manhattan and his second outpost nationwide, according to people familiar with negotiations.
The deal, if finalized, would bolster Rush Street’s budding reputation as a luxury strip. The thoroughfare, once known as a back alley to the glitzier North Michigan Avenue, has been attracting designer retailers in the past year from Marc Jacobs Collection to Ted Baker.
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The Federal Communications Commission on Tuesday gave Comcast Corp., the country’s largest cable company, the green light to take over NBC Universal, home of the NBC television network.
Four of the commission’s five members voted to let Comcast buy a 51 percent stake in NBC Universal from General Electric Co. for $13.8 billion in cash and assets. Michael Copps, one of the commission’s three Democrats and an opponent of media consolidation, voted against the deal. Get the full story »
Ford Motor Co. will invest $400 million on upgrades at its assembly plant near Kansas City, Missouri, to build a new vehicle there, the automaker said on Tuesday. Get the full story »
U.S. health reviewers are concerned that clinicians may not be able to properly interpret brain scans using Eli Lilly & Co.’s imaging agent for Alzheimer’s and that the tests may be of limited use in assessing the degenerative disease.
The radioactive dye is intended for use with positron emission tomography, or PET, scans that help detect the presence of beta-amyloid plaques linked to Alzheimer’s disease. Get the full story »
The Obama administration Tuesday stepped up efforts to make it easier for struggling homeowners to renegotiate their mortgages, though it could be more than a year before such efforts pay off.
The way mortgage servicers — firms that collect loan payments on behalf of a loan’s owner — are paid is “broken and should be fixed,” Treasury Secretary Timothy Geithner and Housing and Urban Development Secretary Shaun Donovan said in a joint statement. Get the full story »
Chicago has lined up two significant meetings at McCormick Place, the latest in a string of bookings in the wake of a new state law aimed at making the city more competitive with rivals.
The American Society of Anesthesiologists will return to Chicago for its 2016 convention, which is expected to draw 17,000 attendees and to generate $42 million in spending here. The organization last held its convention in Chicago in 2006 and will hold its 2011 convention here in October. Get the full story »
Clothing retailer J. Crew Group Inc. is set to settle a shareholder lawsuit over its proposed takeover by private equity firms TPG Capital and Leonard Green & Partners LP.
A $2.86 billion deal to acquire J. Crew was announced on Nov. 23, with TPG Group and Leonard Green & Partners LP agreeing to buy the company for $43.50 a share, a premium of about 15 percent. Get the full story »
