Yum Brands Inc. said it’s shopping for a buyer for its Long John Silver’s and A&W All-American Food Restaurants to focus on international expansion.
The company, which also operates Taco Bell, Pizza Hut and KFC, said the chains don’t fit in with its long-term growth strategy, and it doesn’t expect the sale to have a material effect on its ongoing earnings or cash flow. Get the full story »
U.S. home-builder sentiment in January was flat at a low level for the third month in a row as the housing market struggled to recover from its collapse, a survey released Tuesday showed.
The National Association of Home Builders/Wells Fargo Housing Market Index held steady at 16 from last month. Get the full story »
Online review hub Yelp has launched local deals in Chicago, hoping to get a foothold in the daily deals space pioneered by Groupon.
Yelp Deals launched Tuesday in Chicago, becoming the fourth city for the company’s local offers program. The other cities are San Diego, New York and San Francisco. Get the full story »
United Auto Workers President Bob King dialed up the rhetoric this week in his campaign to organize foreign-owned auto plants based in the U.S.
Speaking at the first day of the UAW’s legislative conference in Washington, D.C., King vowed to step up the union’s effort to organize the transplants owned by companies including Toyota, Honda and Nissan and said the union’s future depended on expanding its membership. Get the full story »
Sprint is applying an additional $10 per month data fee on new smart phones, starting Jan. 30. Overland Park, Kan.-based Sprint Nextel Corp. says it needs to apply the fee to maintain its network while offering unlimited data consumption. Get the full story »
American Airlines, which is battling third-party ticket sellers over distribution costs and methods, Tuesday said it has reached a deal with Priceline.com to use American’s direct connect technology to access fares.
American, a unit of AMR Corp, said Priceline will begin issuing its tickets through the link in the near future. The companies did not disclose terms of the deal. Get the full story »
Boeing pushed back deliveries of its new 787 again on Tuesday, meaning that the soonest it will arrive is July. The company had most recently said that deliveries would begin next month, nearly three years late, but an electrical fire on a plane in November halted flight testing and another delay has been widely anticipated. Get the full story »
U.S. investigators plan to announce criminal charges concerning the alleged theft of email addresses and other personal information belonging to about 120,000 users of Apple Inc’s iPad tablet computer. Get the full story »
Edmund O'Connor, third from left, then CBOE's vice chairman, at bell-ringing ceremony to mark the opening of the CBOE's second trading floor in 1974. (Courtesy CBOE)
Edmund O’Connor, the architect of the Chicago Board Options Exchange and for decades a major figure in Chicago’s derivatives-trading community, died early Monday. Get the full story »
Sony Corp. says it will shut down a CD manufacturing plant in the United States by the end of March and its 310 workers will be laid off. Sony spokeswoman Mami Imada said Tuesday the plant closure in New Jersey was due to declining CD sales as more people opt to buy music digitally. Get the full story »
President Obama says he wants to get rid of government regulations that stifle job creation. He’s ordered federal agencies to review regulations and look for unreasonable ones that hurt economic growth.
Obama says he will sign an executive order Monday making it clear that his administration wants to strike the right balance between protecting the public and promoting economic growth.
From MyNorthwest.com | A gastric bypass surgery kit made by Chicago-based Medline Inc. was put up for sale on Amazon.com for $264. “It was a mistake that it was on Amazon,” said Medline spokesman John Marks. “This is purely for hospital use by doctors and surgeons, and it is not for sale to consumers.” But that didn’t stop reviewers from having some fun with it.Get the full story>>
Estonia’s Consumer Protection Board said U.S. fastfood franchise McDonald’s Corp. may have used the Estonian changeover from kroon to euro as a cover to raise prices, according to a report from the BNS news agency Monday. Get the full story »
Gov. Pat Quinn has signed legislation providing a $2,500 tax credit to employers hiring trainees from the Put Illinois to Work temporary jobs program. The measure signed Monday takes effect immediately. Quinn says the new law gives employers an incentive to continue providing jobs to those who need them. Get the full story »
Boeing Co. has resumed flight tests of its 787 jetliner aimed at achieving Federal Aviation Administration certification. Boeing halted test flights of the long-delayed jet last fall because of an in-flight electrical fire in the plane’s power distribution system that forced an emergency landing Nov. 9. Get the full story »
