A historic document that details the original rules of basketball, written 119 years ago as a winter sport for boys of a Massachusetts YMCA, was sold for more than $4 million on Friday to raise money for charity. Get the full story »
Exelon nuclear plant must replace new transformer
Exelon’s Oyster Creek nuclear power plant in New Jersey, the nation’s oldest, will have to replace a brand-new $16 million electrical component that did not work properly.
Walgreen Co. warns about unauthorized e-mails
Customers subscribing to Walgreen Co.’s e-mail distribution list should be on the look-out for spam directing them to another site and then asking for personal data.
According to a company spokesman, Walgreens became aware of “unauthorized access” to its e-mail list, “about a week ago,” and began notifying subscribers this morning. Get the full story »
Man who defrauded hundreds to be sentenced
A former Decatur man who pleaded guilty to stealing more than $15 million from about 300 people in central Illinois through a Ponzi scheme is scheduled for sentencing Friday in federal court in Peoria.
William Huber of La Jolla, Calif., pleaded guilty Aug. 10 to mail fraud, money laundering and other charges. The 61-year-old faces up to 50 years in prison and a maximum fine of $1 million. Get the full story »
American opens cyber lounge for troops at O’Hare
American Airlines and USO of Illinois today opened a cyber canteen for active military service members who are traveling through Chicago’s O’Hare International Airport.
The new facility, located off the L concourse at the far eastern end of American’s Terminal 3, can seat about 120 people and is available for military personnel and their families.
Open daily from 6 a.m. until 10 p.m., the lounge features free Wi-Fi Internet access, food and drink and a lounge area where traveling troops can recharge. Get the full story »
Treasury brings in $35B to offset bailout losses
The Treasury Department has brought in $35 billion in revenue over two years, boosted by ongoing sales of Citigroup stock, new data show. But the Congressional Budget Office projects taxpayers will still lose $25 billion for bailing out the financial sector and U.S. automakers.
Navistar gets $123M order for Marines vehicles
Navistar International Corp. said Friday that it has received a $123 million order from the U.S. Marine Corps Systems Command to deliver 175 armored International MaxxPro Dash vehicles. Get the full story »
White House: More changes in tax deal possible
There could be more changes to the tentative tax agreement between President Barack Obama and congressional Republicans, the White House said Friday. Get the full story »
Dec. 10, 2010 at 11:14 a.m.
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Filed under: Banking, Chicago executives, Investing, Personnel moves Citadel hires JPMorgan trader Miguel Abreu
From HedgeFund.net | Chicago-based Citadel LLC has hired Miguel Abreu, a former JPMorgan commodities trader who worked at JPMorgan’s commodities trading desk before it was shut down.
TJX closing A.J. Wright stores, laying off 4,400
TJX Cos. says it is shuttering its A.J. Wright discount stores, cutting 4,400 jobs and converting the stores to other brands such as T.J. Maxx.
According to a company spokeswoman, the Chicago area has 11 A.J. Wright stores now slated for conversion to T.J. Maxx, Marshalls or HomeGoods. Eleven other A.J. Wright stores that will close. Get the full story »
Caterpillar CEO had health scare
From the Peoria Journal Star | Caterpillar CEO Doug Oberhelman said Friday that he had a health scare more than two years ago, and is now going public with his health issues to influence others — including within Caterpillar — to manage their health.
Dec. 10, 2010 at 10:25 a.m.
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Filed under: Economy, Government, International, Trade, Updated U.S. trade gap narrows in October
The U.S. trade deficit narrowed much more than expected in October, as exports rose a robust 3.2 percent and imports declined slightly in the face of slackening demand for industrial and petroleum products, a Commerce Department report showed on Friday. Get the full story »
Unilever approved to buy Sara Lee Kenya unit
Kenya granted Anglo-Dutch consumer goods group Unilever approval to buy Sara Lee’s subsidiary in the east African nation, a government notice showed on Friday. Get the full story »
AIG comes out of hiding on employee ID cards
Bailed-out insurer American International Group took another step in its restructuring this week, but it is only noticeable to those looking closely: it put the company’s logo back on employee identification cards. Get the full story »
Exelon completes purchase of John Deere wind unit
Exelon Corp. has completed its acquisition of John Deere Renewables, a wind power company. In so doing, Exelon adds 735 megawatts of clean, renewable energy to the utility’s portfolio, or enough to power up to 220,000 households. Get the full story »
