Dec. 3, 2010 at 12:45 p.m.
Filed under:
Bankruptcy,
Media,
Newspapers
By Tribune staff report
By Michael Oneal and Becky Yerak | The unsecured creditors’ committee in Tribune Co.’s bankruptcy case has filed the first of what’s expected to be about 210 individual claims against current and former officers and directors of the Chicago-based media company seeking to claw back close to $180 million in so-called “preference payments” they collected.
The first claim, filed in U.S. Bankruptcy Court in Wilmington, DE., targeted Chandler Bigelow, Tribune Co.’s chief financial officer. It seeks recovery of more than $1.6 million in compensation he was paid in December 2007 when he was the company’s treasurer, including a $400,000 bonus and $880,645 in restricted stock. Get the full story »
Dec. 3, 2010 at 12:36 p.m.
Filed under:
Computers,
Internet,
Software
By Associated Press
A Russian man accused of masterminding a vast worldwide spamming network has pleaded not guilty in a Wisconsin federal court.
Oleg Nikolaenko was arraigned Friday morning in Milwaukee. The 23-year-old Moscow man was slightly disheveled in his orange prison jumpsuit. His attorney entered the plea while a Russian interpreter translated for Nikolaenko. Get the full story »
Dec. 3, 2010 at 11:52 a.m.
Filed under:
Economy,
Government,
Work culture
By Associated Press
Bucking a global trend, leftist-led Bolivia is lowering its retirement age and nationalizing its pension funds. Bolivia’s Congress approved legislation early Friday to make Bolivians eligible for full pensions at age 58. The country’s 70,000 miners will get to retire two years earlier. Get the full story »
Dec. 3, 2010 at 11:40 a.m.
Filed under:
Autos,
Tourism,
Travel
By Associated Press
An RV makes its way over the Golden Gate Bridge the day before Thanksgiving. (AP Photo/Eric Risberg)
American families are ready to hitch up their trailers and tow the RV industry out of its worst stretch in nearly two decades.
The industry was driven into the ditch last year by the recession. Sales plunged, plants closed and thousands of jobs were cut as orders for recreational vehicles dropped to their worse level since 1991.
Now, RV makers such as Winnebago are starting to turn profits and have begun to hire. And dealers are ordering more RVs for their showrooms. Get the full story »
Dec. 3, 2010 at 10:52 a.m.
Filed under:
Energy,
Environment,
Politics
By Associated Press
BP is mounting a new challenge to U.S. government estimates of how much oil flowed from the runaway well deep below the Gulf of Mexico. The issue will be critical in determining the size of federal pollution fines the company will pay.
Dec. 3, 2010 at 10:39 a.m.
Filed under:
Food,
M&A
By Associated Press
Shareholders of pretzel and snack food maker Snyder’s of Hanover Inc. are casting their ballots to approve the company’s acquisition by Lance Inc.
Privately held Snyder’s makes EatSmart products, Krunchers! and Grande tortilla chips. It expects the results of the vote to be announced later Friday. Get the full story »
Dec. 3, 2010 at 10:14 a.m.
Filed under:
Exchanges,
Regulations
By Reuters
U.S. regulators introduced proposals on Friday that will determine which companies will be forced to hold more cash in order to trade in the lucrative over-the-counter derivatives market. Get the full story »
Dec. 3, 2010 at 9:59 a.m.
Filed under:
Economy,
Government,
Jobs/employment,
Layoffs,
Updated
By Los Angeles Times
Job candidates at a World Women in Technology career fair at Chicago's Navy Pier in October. (Tim Boyle/Getty)
In a major setback for the economy, the nation’s jobless rate jumped to 9.8 percent in November as employers added surprisingly few new jobs over the month, the government said Friday.
The unemployment rate had been at 9.6 percent in the prior three months. The increase last month came as employers added just 39,000 jobs in November — a sharp drop-off from a revised 172,000 job gains in October and an average monthly gain of 86,000 this year. Get the full story »
Dec. 3, 2010 at 9:42 a.m.
Filed under:
Economy
By Reuters
U.S. short-term interest rate futures traders boosted bets the Federal Reserve will wait until mid-2012 before raising rates, after a government report showed the U.S. jobless rate unexpectedly rose in November. Get the full story »
Dec. 3, 2010 at 9:24 a.m.
Filed under:
Economy
By Reuters
New orders received by U.S. factories dropped 0.9 percent to a seasonally adjusted $420 billion in October, a setback for the manufacturing sector as demand declined across a broad array of goods, a government report on Friday showed. Get the full story »
Dec. 3, 2010 at 8:40 a.m.
Filed under:
Economy
By Kathy Bergen
Business leaders expressed increased optimism about the nation’s economy, though they still have a significant level of concern about the future, according to a quarterly survey by Chicago-based Grant Thornton LLP. Get the full story »
Dec. 3, 2010 at 8:08 a.m.
Filed under:
Chicago executives
Ken and Anne Griffin. (Andrew Campbell)
From Bloomberg News | Kenneth Griffin, chief executive of Chicago-based hedge fund Citadel Investment Group LLC, and his wife Anne each contributed $250,000 to Karl Rove’s American Crossroads fundraising group, new Federal Election Commission reports show. Get the full story>>
Dec. 3, 2010 at 7:59 a.m.
Filed under:
Work culture
By Associated Press
Police say a man who was fired from a warehouse that handles shipments for Toys “R” Us returned and fatally shot a co-worker. Police Chief Ralph Portier says in a statement that Donald Damron died at a hospital after the shooting late Thursday in Groveport, a Columbus suburb. Get the full story »
Dec. 3, 2010 at 7:57 a.m.
Filed under:
Internet,
Litigation
From Bloomberg News | Tampa-based Ewinwin Inc., which maintains a site where businesses promote their products and set prices based on the number of customers who place orders, has filed suit again Chicago-based daily coupon site Groupon, claiming it is infringing on four of its patents. The four patents were issued in 2006, 2007, and in March and April. Get the full story>>
Dec. 3, 2010 at 7:37 a.m.
Filed under:
Retail
By Dow Jones Newswires
Walgreen Co. said Friday its same-store sales rose 3.2 percent in November, beating analysts’ estimates of 2.7 percent. Get the full story »
