Oct. 25, 2010 at 9:44 a.m.
Filed under:
Commercial real estate,
Real estate,
Tourism
By Mary Ellen Podmolik
Wright Preservation Trust offices and gift shop seen from the light court of the Rookery Building. (Handout)
Frank Lloyd Wright is headed back to Chicago’s historic Rookery building, in a manner of speaking.
The Frank Lloyd Wright Preservation Trust plans to open a public information center and offer free tours of the building where Wright once housed his downtown Chicago offices and later updated its light court and lobbies. The free tours, as well as the opening of a gift shop, are scheduled for early 2011. Get the full story »
Oct. 25, 2010 at 9:11 a.m.
Filed under:
Media,
Newspapers
By Phil Rosenthal
Paid print circulation figures released Monday by the Audit Bureau of Circulations showed the April-to-September average paid U.S. circulation figures dipped 5 percent weekdays and 4.5 percent Sundays compared to the same period a year ago.
The Chicago Tribune average paid circulation declines for the six-month period was in line with that, slipping year-to-year around 5.2 percent weekdays and almost 4.4 percent Sundays. The Chicago Sun-Times’s average paid circulation fell 9 percent on weekdays and 5.5 percent on Sundays.
Oct. 25, 2010 at 8:30 a.m.
Filed under:
Economy
By Mary Ellen Podmolik
Production declines led to another drop in the nation’s economic activity in September, the Federal Reserve Bank of Chicago reported Monday. Get the full story »
Oct. 25, 2010 at 8:28 a.m.
Filed under:
Housing,
Real estate
By Mary Ellen Podmolik
Sales of existing homes in the Chicago area dropped again in September, falling more than 20 percent in the Chicago area from a year ago and more than 25 percent within the city of Chicago, the Illinois Association of Realtors said Monday. Get the full story »
Oct. 25, 2010 at 8:20 a.m.
Filed under:
Health care,
Travel
By Bruce Japsen
Rush University Medical Center, working with a national group of academic medical centers, was awarded a $500,000 grant designed to “help boost medical travel to the U.S.” Get the full story »
Oct. 25, 2010 at 7:58 a.m.
Filed under:
Banking
By Mary Ellen Podmolik
The cost of maintaining a checking account rose to an all-time high this year, with much of the increase coming from the fees assessed to maintain both interest and non-interest-bearing accounts rising 40 percent. Get the full story »
Oct. 25, 2010 at 7:54 a.m.
Filed under:
Crime,
Fraud
By Associated Press
Office Depot Inc.’s Chairman and CEO Steve Odland is stepping down by mutual agreement with the board.
The disclosure on Monday that Odland has resigned comes only days after the company, Odland and another executive agreed to pay civil penalties tied to Office Depot’s disclosure of corporate information to a select group of investors and analysts.
Oct. 25, 2010 at 7:33 a.m.
Filed under:
Real estate
By Reuters
Bank of America Corp acknowledged some mistakes in foreclosure files as it begins to resubmit documents in 102,000 cases, the Wall Street Journal said. The bank found errors in 10 to 25 out of the first several hundred foreclosure it examined starting last Monday, the newspaper said. Get the full story »
Oct. 25, 2010 at 6:18 a.m.
Filed under:
Economy,
Jobs/employment
By CNN
The outlook for hiring is improving as U.S. businesses continue to report growing demand and increased profitability, according to a survey of leading economists. In its October industry survey, the National Association of Business Economists said Monday that employment conditions improved in the third quarter to the highest level since the start of the 2008-2009 recession. Get the full story »
Oct. 25, 2010 at 5:47 a.m.
Filed under:
Consumer electronics,
Consumer news,
Media
By Associated Press
The Sony Walkman. (Sony)
Sony is sending its cassette tape Walkman into retirement in Japan as demand for a music player that was ground-breaking in its day dwindles to a tiny niche in the era of digital technology.
Sony stopped Japanese production of the portable music player in April and sales will end once the last batch disappears from stores, company spokeswoman Hiroko Nakamura said Monday. Get the full story »
Oct. 25, 2010 at 5:30 a.m.
Filed under:
Reports: Existing home sales for September, 9 a.m.
Major earnings: Amgen Inc., Lorillard Inc., Texas Instruments Inc.
Oct. 22, 2010 at 7:30 p.m.
Filed under:
Bank failures,
Banking
By Dow Jones Newswires
Regulators have shut down First Suburban National Bank of Maywood, Ill., late Friday and sold its $140 million in deposits to Seaway Bank and Trust Co. of Chicago.
Depositors of the First Suburban National Bank will be protected by the purchase deal with Seaway Bank and Trust. The four branches of First Suburban National Bank will reopen Saturday as branches of Seaway Bank and Trust. Seaway did not pay a premium.
Get the full story »
Oct. 22, 2010 at 6:46 p.m.
Filed under:
Bank failures,
Banking,
Litigation
By Becky Yerak
A 2009 lawsuit filed against the owner of Chicago-based Park National Bank by a consortium of large banks has ended with a consent judgment requiring it to pay $264.2 million.
Get the full story »
Oct. 22, 2010 at 5:35 p.m.
Filed under:
Books,
Media
By Associated Press
Amazon.com Inc. is going to allow the lending of e-books purchased from its Kindle Store.
The online retailer announced the upcoming feature in a discussion forum for the Kindle on its website Friday, saying that later in the year it will start letting Kindle users and people who use its free Kindle apps loan books to others for a two-week period. During the loan, the book’s owner will not be able to read the book, Amazon said.
Oct. 22, 2010 at 5:31 p.m.
Filed under:
Exchanges,
Investing,
Technology
By Reuters
U.S. stocks could see big swings to the downside next week on any remotely “bad” news since volatility indexes are at levels considered too low.
The Chicago Board of Options Exchange Volatility Index, a gauge widely used to measure investors’ anxiety levels, fell 2.54 percent on Friday to close at 18.78, its lowest level since April. The VIX, which rose to near 50 in May, has been around or under 20 for the past two weeks. Investors also will face a blizzard of earnings, which many analysts believe will continue to support the rally that began early this month. But any disappointments in either earnings or outlooks could, of course, trigger a sharp sell-off. Get the full story »
