Jan. 14 at 10:50 a.m.
Filed under:
Entertainment,
Stock activity,
Video
By Reuters
A Redbox kiosk at Walgreens. (Handout)
Shares of Coinstar Inc. fell 26 percent on Friday morning, a day after the electronic kiosk company said delayed releases of DVD titles hurt sales at its unit Redbox during the crucial holiday season.
“This was Redbox’s first holiday season with 28-day delayed titles, and we underestimated the impact that the delay would have on demand during the fourth quarter,” Chief Executive Paul Davis said.
As part of a settlement last year, Redbox had agreed with News Corp.’s Twentieth Century Fox, Universal Pictures owned by General Electric and Time Warner’s Warner Bros, to wait for 28 days after a DVD title is released before offering them for rent. Get the full story »
Jan. 14 at 9:46 a.m.
Filed under:
Food,
Restaurants
By Sandra M. Jones
Chef Grant Achatz places a dish on a server's tray at Alinea, one of the Chicago restaurants featured in the AAA's latest restaurant guide. (AP Photo/Charles Rex Arbogast)
Chicago ranked as the top town for foodies in AAA’s latest restaurant guide, a title the city is holding for the fifth year in a row.
The AAA Motor Club gave seven restaurants in Chicago five diamonds for 2011, the travel agency’s highest rating. Las Vegas ranks second with five restaurants, and New York is third with three. Get the full story »
Jan. 14 at 9:34 a.m.
Filed under:
Economy,
Manufacturing
By Associated Press
Industrial production rose in December by the largest amount in five months, providing the economy with solid momentum heading into the new year.
Activity at the nation’s factories, mines and utilities increased 0.8 percent last month, the Federal Reserve said Friday. Industrial production was up in every month but one in 2010.
Jan. 14 at 8:29 a.m.
Filed under:
Banking
By Associated Press
The government announced Friday that it will auction warrants it holds from Citigroup Inc., Wintrust Financial and another smaller bank in the first quarter of this year. It is the latest effort to recoup costs of the $700 billion financial bailout. Get the full story »
Jan. 14 at 8:05 a.m.
Filed under:
Chicago executives,
Personnel moves
By Sandra M. Jones
Cobra Electronics Corp., maker of CB radios and radar detectors, said its chief financial officer Michael Smith is resigning effective Jan. 31. Get the full story »
Jan. 14 at 7:59 a.m.
Filed under:
Airlines,
Airplanes
By Reuters
Airbus looks set to leapfrog Boeing and score a surprise last-minute win on orders when it unveils 2010 commercial results next week, industry sources said on Friday. Get the full story »
Jan. 14 at 7:45 a.m.
Filed under:
Consumer news,
Economy
By Sandra M. Jones
Chicagoans faced less price inflation than the nation as a whole last month.
The consumer price index in the Chicago region rose 0.3 percent in December as the cost of gas and food increased, the Labor Department said Friday. The national rate was 0.5 percent, the largest gain in 18 months. Get the full story »
Jan. 14 at 7:38 a.m.
Filed under:
Retail
By Reuters
Sales at U.S. retailers rose slightly less than expected in December, but retail sales for all of 2010 reversed two years of contraction and posted the biggest gain in more than a decade, a government report showed on Friday. Get the full story »
Jan. 14 at 7:25 a.m.
Filed under:
Autos,
Labor,
Unions
By Associated Press
General Motors Co. has completed the contribution of 60.6 million shares of its stock to its U.S. hourly and salaried pension plans, wrapping up the last part of its planned $6 billion in payment. Get the full story »
Jan. 14 at 6:14 a.m.
Filed under:
Banking,
Earnings,
Mortgages,
Real estate
By Dow Jones Newswires
JPMorgan Chase & Co reported fourth-quarter earnings jumped, helped by narrowing losses on bad loans.
The bank said earnings climbed to $4.8 billion, or $1.12 a share, from $3.3 billion, or 74 cents a share, a year earlier. Analysts on average expected a profit of $1 a share, according to Thomson Reuters I/B/E/S. Get the full story »
Jan. 14 at 6:07 a.m.
Filed under:
Airlines
By Dow Jones Newswires-Wall Street Journal
The age-old ritual of the passenger bump is getting a high-tech makeover at Delta Air Lines Inc.
The overhaul could dial down the drama for consumers at departure gates around the U.S. at a time when airplanes are flying fuller than ever. In addition, it could save Delta money as regulators consider increasing the amount that airlines must pay passengers who get bumped involuntarily from overbooked flights. Get the full story »
New York Times News Service | Groupon, the social buying site that spurned a $6 billion offer from the search giant Google, is pushing ahead with plans for its initial public offering, a debut that could value the company at $15 billion or more.
The company, which just raised a record $950 million from big investors, discussed a public offering with bankers this week, according to two people with knowledge of the deal who were not authorized to speak publicly on the matter. Banks are pitching Groupon on dizzying valuations at which they expect to take the company public, with many at $15 billion. Get the full story »
Jan. 14 at 5:30 a.m.
Filed under:
By Associated Press
Reports: Retail sales for December, 7:30 a.m.; Consumer Price Index for December, 7:30 a.m.; Industrial production for December, 8:15 a.m.; Business inventories for November, 9 a.m.
Earnings: Amcol, JPMorgan Chase & Co., Material Sciences
Jan. 13 at 5:48 p.m.
Filed under:
Food,
Investing
By Reuters
A leveraged buyout of Sara Lee could pave the way for Brazilian beef processor JBS SA to buy the U.S. company’s meat division, analysts at Bank of America Merrill Lynch said in a report Thursday. Get the full story »
Jan. 13 at 5:33 p.m.
Filed under:
Exchanges,
Regulations
By Reuters
Big speculators could face curbs on wheeling and dealing in commodity markets after the Commodity Futures Trading Commission Thursday advanced a plan to cap large positions, but internal dissent could delay final adoption of the plan for months or longer. Get the full story »
