Dec. 9, 2010 at 2:00 p.m.
Filed under:
Health care,
M&A
By Bruce Japsen
Loyola University Health System, parent of Loyola University Medical Center in west suburban Maywood, is evaluating whether to merge with another health care system, according to sources close to the west suburban teaching hospital.
Reached this afternoon, medical center executives issued a statement saying details of their discussions are confidential. The Catholic hospital, located in west suburban Maywood, is one of five large academic medical centers in the Chicago area. Get the full story »
Dec. 9, 2010 at 1:18 p.m.
Filed under:
Airlines,
Airplanes
By Reuters
Boeing Co. said it was still studying its delivery schedule for the 787 Dreamliner after a published report suggested deliveries of the carbon-composite plane could be put off until late June or July.
The French newspaper Les Echos reported on its Web site that Boeing could begin deliveries next summer, based on talks between Boeing and Air France-KLM. “We continue to assess our schedule and will announce a new schedule when that work is complete,” Boeing said in a statement Thursday. Get the full story »
Dec. 9, 2010 at 1:08 p.m.
Filed under:
Advertising/Marketing
By Emily Bryson York
After a tumultuous three year term, DDB’s Chicago president Rick Carpenter has resigned. During the search for his replacement, Mark O’Brien, DDB’s North America, will serve as Chicago’s interim chief.
DDB Chicago has a number of Fortune 500 clients, including McDonald’s and Anheuser-Busch. DDB is part Omnicom, a global media and communications company. Get the full story »
Dec. 9, 2010 at 12:57 p.m.
Filed under:
Housing,
Mortgages,
Real estate
By Dow Jones Newswires
U.S. mortgage rates extended their bounce from recent record lows in the latest week, according to Freddie Mac’s weekly survey of mortgage rates, as Treasury yields continue to climb.
The 30-year fixed-rate mortgage averaged 4.61 percent for the week ended Thursday, up from the prior week’s 4.46 percent but down from 4.81 percent a year ago. Get the full story »
Dec. 9, 2010 at 11:44 a.m.
Filed under:
Consumer news,
Retail
By Gregory Karp
The Consumer Federation of America on Thursday offered advice for online shoppers to keep their wallets and identities safe this holiday season.
“Unfortunately, there are scam artists and some less-than-honest retailers that take advantage of unwary buyers,” Susan Grant, CFA director of consumer protection, said during a news conference Thursday morning. Get the full story »
Dec. 9, 2010 at 11:39 a.m.
Filed under:
International,
M&A,
Regulations
From Bloomberg | Unilever’s $3.7 billion takeover of Melrose Park-based Alberto Culver Co. may be reviewed by U.K. antitrust regulators, who said in a statement that they are looking at whether the deal could trigger “a relevant merger situation” and whether it was likely to reduce competition.
Dec. 9, 2010 at 11:16 a.m.
Filed under:
Internet,
Technology
By Wailin Wong
(AP Photo/Mark Lennihan, File)
Education-related Web sites ranked among the most popular Google searches for Chicagoans in 2010, according to the search giant’s newly released “Zeitgeist” list.
Google compiled lists of the hottest search items for individual U.S. cities, ranking searches based on their uniqueness to that city. A search query is considered unique if it is “disproportionately popular” in a certain city versus the rest of the country, Google said.
In Chicago, the top search was the bulky “student.cps.k12.il.us,” which is a Web portal for Chicago Public School students to manage grades and assignments. Jim Lecinski, Google’s Chicago-based managing director of U.S. sales, said students were likely bringing home flyers or notes from teachers with the URL printed on it. Their parents would then type the address into a Google search bar instead of their browser’s address bar. Get the full story »
Dec. 9, 2010 at 11:08 a.m.
Filed under:
Economy
By Reuters
U.S. household wealth rose by $1.2 trillion in the third quarter and household debt contracted at a slower rate than previously, according to Federal Reserve data on Thursday that showed slow repair to household finances in a weak recovery. Get the full story »
Dec. 9, 2010 at 11:06 a.m.
Filed under:
Economy,
Policy,
Politics
By Reuters
Democrats in the U.S. House of Representatives are considering a counterproposal to the one drafted by President Barack Obama and Republicans to extend all Bush-era tax cuts, Democratic Representative Adam Schiff said on Thursday. Get the full story »
Dec. 9, 2010 at 10:51 a.m.
Filed under:
Internet,
Media,
Retail
By Phil Rosenthal
Chicago-based Groupon.com, the fast-growing social networking site that offers its users daily discounts to businesses in their individual markets, has entered into a partnership with Chicago Tribune Media Group’s recently launched e-commerce site.
Dec. 9, 2010 at 10:47 a.m.
Filed under:
Chicago executives,
Personnel moves
By Reuters
Heavy machinery company Caterpillar Inc. has named executives from IBM and healthcare company Abbott Laboratories to its board.
Miles White, who will serve on the governance committee, has served as Abbott’s chief executive since 1998, while Jesse Greene serves as IBM’s chief risk officer and has worked at the computer company for 30 years. Greene will serve on Caterpillar’s audit committee. Get the full story »
Dec. 9, 2010 at 10:31 a.m.
Filed under:
Retail
From Chicago Real Estate Daily | Retail giant Wal-Mart has a deal to lease about 30,000 square feet in a three-level retail center in the Lakeview neighborhood, according to Crain’s. The North Side store would be Wal-Mart’s first in an affluent neighborhood in Chicago.
Dec. 9, 2010 at 10:11 a.m.
Filed under:
Economy,
Policy,
Politics
By Reuters
The co-chairs of the U.S. deficit commission urged President Barack Obama Thursday to launch negotiations with Congress early next year on a serious fiscal responsibility plan.
Co-Chairs Erskine Bowles and Alan Simpson said they believed a bipartisan agreement aimed at reducing America’s massive debt should be reached before any long-term increase in the U.S. debt limit is approved. Get the full story »
Dec. 9, 2010 at 10:05 a.m.
Filed under:
Commercial real estate,
Health care,
Real estate
By Bruce Japsen
Children's Memorial Hospital, pictured here in Lincoln Park, is relocating to Streeterville, around Northwestern Memorial Hospital. (E. Jason Wambsgans/Chicago Tribune)
Children’s Memorial Hospital said Thursday that it is studying whether its property up for sale in Lincoln Park could “qualify as a Tax Increment Financing district.”
Setting up the six-acred property that is for sale at Fullerton Parkway and Lincoln Avenue would result in the allocation of “future increases in property taxes from a designated area to pay for improvements within that area,” officials from Children’s said. “The program typically lasts up to 23 years after the creation of the TIF district.” Get the full story »
Dec. 9, 2010 at 9:58 a.m.
Filed under:
Exchanges,
M&A
By Dow Jones Newswires
Futures exchange operator CME Group Inc. on Thursday struck a deal to buy Elysian Systems Ltd., a London company that provides trading systems for over-the-counter derivatives. Get the full story »
