Nov. 23, 2010 at 3:43 p.m.
Filed under:
Entertainment,
Internet,
Litigation
By Dow Jones Newswires
Social games leader Zynga Game Network Inc. said Tuesday that it had settled a suit it filed against Walt Disney Co.’s Playdom unit, ending a year-long battle over trade secrets with one of its closest rivals.
Zynga, known for games including “Farmville” and “Mafia Wars,” sued Playdom in September 2009, alleging that Playdom induced four former Zynga employees to steal trade secrets and use that information to help Playdom develop online social games to compete with Zynga’s games. Get the full story »
Nov. 23, 2010 at 3:25 p.m.
Filed under:
Government,
Taxes
By Reuters
If U.S. lawmakers fail to renew Bush-era tax cuts before the end of the year, the Internal Revenue Service could offer millions of Americans an immediate respite from higher taxes.
That could mean a time-out for anxious investors worried that nearly every taxpayer will take a hit amid the tepid economic recovery and give breathing room to millions of employers waiting for clarity. Get the full story »
Nov. 23, 2010 at 2:59 p.m.
Filed under:
Computers,
Wireless
By Reuters
Acer Inc., the world’s No. 2 PC manufacturer, unveiled a range of tablet computers to help it compete with Apple Inc.’s iPad.
The tablet computer market is becoming crowded as more companies produce the new devices, which fall between traditional PCs and smartphones. Get the full story »
Nov. 23, 2010 at 2:42 p.m.
Filed under:
Economy,
Government
By Associated Press
Federal Reserve policymakers clashed over the benefits and risks of launching a $600 billion program to rejuvenate the economy, but voted for it anyway, according to minutes of their closed-door deliberations released Tuesday.
Despite a 10-1 vote for the program, the minutes from the Nov. 2-3 meeting show that some Fed officials had concerns about embarking on a second round of stimulus. Get the full story »
Nov. 23, 2010 at 2:00 p.m.
Filed under:
By Associated Press
Federal Reserve officials have become more pessimistic in their economic outlook through next year and have lowered their forecast for growth.
The economy will grow only 2.4 percent to 2.5 percent this year, Fed officials said Tuesday in an updated forecast. That’s down sharply from a previous projection of 3 percent to 3.5 percent
Nov. 23, 2010 at 1:57 p.m.
Filed under:
Autos
By Reuters
Chrysler Group LLC said Tuesday it is looking to invest $843 million to improve its Kokomo, Indiana, plants to produce a new transmission and retain about 2,250 jobs.
Chrysler said the Kokomo improvements would push its total investment in U.S. facilities to nearly $3 billion since the automaker emerged from a government-funded bankruptcy under the management control of Italy’s Fiat SpA in June 2009. Get the full story »
Nov. 23, 2010 at 1:28 p.m.
Filed under:
Investing
By Gail MarksJarvis
If you are tempted to buy commodities after the 7 percent recent downturn, Bespoke Investment Group is suggesting a moment of hesitation.
“History suggests that investors may be better served by waiting for lower prices,” the analysts said in a note to clients. Get the full story »
Nov. 23, 2010 at 12:43 p.m.
Filed under:
Housing,
Real estate
ELITE STREET | By Bob Goldsborough | Former WFLD-Ch. 32 news anchor David Novarro has cut his asking price for his 15-room, 4,224-square-foot house in Naperville to $699,999, weeks after listing it for $710,000.
In an interview, Novarro, who left “FOX-32″ in July after his contract was not renewed, said he is headed to New York City to work as a news anchor for a network-owned station that for contractual reasons he is not yet allowed to identify. Get the full story »
Nov. 23, 2010 at 12:22 p.m.
Filed under:
Jobs/employment,
Labor,
Litigation
By Becky Yerak
A 46-year-old Chicago man who lost his server job at Weber Grill on State Street last year alleges that a 30-year-old restaurant manager fired him because she thought he was “too old for the fast pace of the restaurant.”
Bruce Belson alleges in a lawsuit filed Tuesday in a federal court in Chicago that he was terminated in January 2009 after about nine months of working at the 539 N. State St. restaurant. Get the full story »
Nov. 23, 2010 at 12:05 p.m.
Filed under:
Energy,
M&A
By Reuters
Private equity firm Blackstone Group lost its $602 million bid to buy power producer Dynegy Inc. after failing to win shareholder support in the face of opposition from the two largest shareholders.
Dynegy said it planned to end the deal Tuesday and would look for other buyers, including the two shareholders — billionaire Carl Icahn and hedge fund Seneca Capital. Icahn has said he may bid for Dynegy if the Blackstone bid failed. Get the full story »
Nov. 23, 2010 at 11:06 a.m.
Filed under:
Economy,
Jobs/employment,
Labor
By Associated Press
Businesses and other employers added jobs in 41 states in October, the best showing in five months, the Labor Department said Tuesday.
The figures indicate the job market is picking up a bit in most parts of the country. Even the nation’s hardest hit states – Nevada and Michigan — showed declines in their unemployment rates. Get the full story »
By Associated Press
It won’t save you from “enhanced patdowns,” but an iPhone app from the TSA tries to ease the pain of air travel by offering guidance on prohibited items, security wait times and packing tips. Get the full story »
Nov. 23, 2010 at 10:39 a.m.
Filed under:
Economy,
Housing,
Real estate
By Mary Ellen Podmolik
Existing-home sales in the Chicago area sunk 35.9 percent in October from a year ago, and median home prices continue to lose ground, according to data released Tuesday. Get the full story »
Nov. 23, 2010 at 10:37 a.m.
Filed under:
Banking,
Investing,
Retirement
By Becky Yerak
Chicago-based Northern Trust Corp. has been hired to provide custody services for more than $800 million in pension, endowment and operating funds of John Muir Health of Walnut Creek, Calif.
It’ll also provide benefit payment services for the organization’s pension plan. Get the full story »
Nov. 23, 2010 at 10:31 a.m.
Filed under:
Retail,
Telecommunications,
Wireless
By Wailin Wong
Online review site Yelp is partnering with local merchants, including businesses in Chicago, to offer discounts when customers “check in” using their mobile phones.
Yelp introduced its Check-ins feature in January, encouraging its members to broadcast their locations when they visited a local business. Get the full story »
