Of the more than 1.6 million Americans who were slapped with audits last year, 78 percent dealt with correspondence audits, while only 22 percent were asked to come in for an in-person examination. Get the full story »
CME’s Donohue: No need to bid on NYSE
CME Group CEO Craig Donohue stands in the lobby of its headquarters at 20 S. Wacker St. (Alex Garcia/Chicago Tribune)
The top executive of CME Group Inc. said the company does not need to bid for NYSE Euronext to bolster CME’s ongoing drive to expand beyond the United States.
Craig Donohue, CEO of the Chicago-based exchange operator, reiterated a focus on organic growth by leveraging CME’s existing futures and options contracts through a broader range of electronic distribution. “We’re very focused on our core business,” Donohue said in an interview Monday with CNBC. Get the full story »
Feds probe data collection by smartphone apps
Music player Pandora's smartphone app for both iPhones (above) and Androids transmitted information about a user's age, gender, and location. (Reuters/Joe Skipper)
Federal prosecutors in New Jersey are investigating whether numerous smartphone applications illegally obtained or transmitted information about their users without proper disclosures, according to a person familiar with the matter.
The criminal investigation is examining whether the app makers fully described to users the types of data they collected and why they needed the information — such as a user’s location or a unique identifier for the phone — the person familiar with the matter said. Collecting information about a user without proper notice or authorization could violate a federal computer-fraud law. Get the full story »
Caterpillar CEO, Quinn meeting today
Gov. Pat Quinn plans to talk to the head of Caterpillar Inc. about Illinois business climate, countering the efforts of other states to lure the company away. Quinn and Caterpillar CEO Doug Oberhelman are scheduled to meet Tuesday morning. Get the full story »
April 4 at 11:02 p.m.
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Filed under: Cell phones, Computers, Technology, Telecommunications, Wireless T-Mobile goes 4G in Springfield, 9 other markets
T-Mobile has lit up its 4G wireless network in Springfield, making the state capital one of 10 markets across the country to get the faster speeds.
The carrier said its 4G network now covers more than 200 million people in 167 markets. Other new markets include Ames, Iowa, and Battle Creek, Mich. Get the full story »
Ongoing auction delays Blockbuster’s fate
A bankruptcy auction of Blockbuster Inc. was set to stretch into a second day after preliminary talks between bidders and the movie rental chain’s representatives dragged on late Monday, a company spokesman said. Get the full story »
Higher materials costs drive Ford to raise prices
Bloomberg News | Ford has raised prices $117 per vehicle to offset higher costs for materials, particularly steel.
Deal puts American back on Expedia
AMR Corp.’s American Airlines said it has reached an agreement with Expedia Inc. to restore its fares to the popular online travel agent after a dispute kept them off the site for months. Get the full story »
FAA orders inspections of older, well used 737s
The Federal Aviation Administration issued an emergency safety directive calling for stepped-up structural inspections affecting three older versions of Boeing Co.’s workhorse 737 jetliners, in the wake of the 5-foot fuselage rupture on a Southwest Airlines Co. flight last Friday. Get the full story »
Judge dismisses non-U.S. claims against Toyota
U.S. judge dismissed claims against Toyota Motor Corp. brought by non-U.S. car buyers over allegations that their vehicles lost value because of manufacturing defects, according to a tentative court ruling. Get the full story »
Texas Instruments buys National Semiconductor
Texas Instruments Inc. is buying National Semiconductor Corp. for about $6.5 billion in cash, paying a nearly 80 percent premium for the analog chipmaker. Get the full story »
U.S. on pace to hit debt ceiling May 16
Treasury Secretary Geithner tells Congress that the U.S. will reach its legal debt limit by May 16 and urges lawmakers to act soon.
The Treasury Department’s arsenal of emergency measures may provide extra borrowing room to last only until about July 8, Treasury Secretary Timothy F. Geithner said today. Get the full story »
April 4 at 1:56 p.m.
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Filed under: Consumer electronics, Consumer news, Internet, Litigation Court dismisses challenges to ‘open’ Net rules
The U.S. Court of Appeals for the District of Columbia dismissed on Monday challenges to an “open” Internet order adopted by the Federal Communications Commission last year.
The court said the challenges filed by Verizon Communications Inc. and MetroPCS Communications Inc. were premature, knocking down the companies’ claims that the rules would modify wireless licenses they hold. Get the full story »
Citibank to pay small checks first
Citibank said it will start clearing smaller consumer checks first, offering a reprieve for those who cut it close and sometimes get hit with multiple overdraft fees. Get the full story »
