A Boeing 787 prepares for its first test flight in December. (AP)
Boeing’s 787 Dreamliner program is on track for first delivery in early 2011, a senior company executive said on Monday.
Boeing said in August the first delivery of its 787 Dreamliner will be delayed by several weeks to the middle of the first quarter of 2011 from the fourth quarter of this year due to a delay in the availability of a Rolls-Royce PLC engine. Get the full story »
A scene from the Facebook app FarmVille which was found to share private info with marketers. (Facebook)
Many of the most popular applications, or “apps,” on the social-networking site Facebook Inc. have been transmitting identifying information — in effect, providing access to people’s names and, in some cases, their friends’ names — to dozens of advertising and Internet tracking companies, a Wall Street Journal investigation has found.
The issue affects tens of millions of Facebook app users, including people who set their profiles to be completely private. The practice breaks Facebook’s rules, and renews questions about its ability to keep identifiable information about its users’ activities secure. Get the full story »
Reports: International money flows data for August, 8 a.m.; Industrial production for September, 8:15 a.m.; NAHB housing market index for October, noon.
Major earnings: Apple Inc., Citigroup Inc., Halliburton Co., Hasbro Inc., IBM Corp.
Kaarina Koskenalusta, the president of the Executives’ Club of Chicago, resigned the post she had held for 25 years, the club announced in a press release distributed late Friday.
Koskenalusta is leaving to become a principal at the Dilenschneider Group, working from Chicago and New York, according to the club’s release. She will be in charge of global client relationships.
The club will work with executive search firm Russell Reynolds to find a new chief executive. In the interim, Mary MacLaren, the club’s chief of staff from May 2009 to July 2010, will serve as interim CEO.
General Motors is clarifying comments made earlier this week by Chairman Ed Whitacre about the automaker’s expected initial public offering.
Whitacre told reporters in San Antonio on Wednesday that GM’s IPO would take place sometime in November and shares would be priced from $20 to $25 per share. Get the full story »
The wealthy few who pay a tax on inheritances has dropped significantly over the last decade, according to data released by the U.S. government on Friday. Get the full story »
Lee Abrams. (Handout)
Tribune Co. Chief Innovation Officer Lee Abrams, who began the work week by sending a companywide e-mail that contained content deemed inappropriate, resigned Friday.
The e-mail, the latest in a weekly series of free-form observations and exhortations Abrams sent to all Tribune Co. employees in hopes of inspiring them to reconsider print and broadcast conventions, included links to video newscast parodies. One, which contained profanity and nudity, he labeled “Sluts.” Get the full story »
Wal-Mart Stores Inc., the world’s largest retailer, on Friday said it was reviewing its options after a Canadian court ruled that a union properly won certification in a store in Saskatchewan. Get the full story »
Angelo R. Mozilo, who presided over the spectacular rise and devastating fall of Countrywide Financial Corp., struck a deal Friday to avoid going to trial next week on accusations of investor fraud and insider trading. Mozilo agree to pay $22.5 million in fines to the SEC and to turn over $45 million in ill-gotten gains to former shareholders who have sued him.
Rupert Murdoch, seen here with his wife Wendy Deng in 2007, was quizzed Friday over News Corp.'s political donations. (AP Photo/Douglas C. Pizac)
News Corp. shareholders on Friday quizzed Chief Executive Rupert Murdoch and his fellow directors over the process by which the company makes donations to political organizations.
The directors faced several questions at the company’s annual general meeting from individual shareholders and shareholder activists about a recent decision to donate $1 million each to the Republican Governors Association and U.S. Chamber of Commerce. The gifts are being made in the run-up to U.S. congressional mid-term elections on Nov 2.
Murdoch said he and the board believed the donation was made in the “best interest of the company.” Get the full story »
Passengers at the Southwest Airlines counter at Midway airport, Sept. 27, 2010. (Antonio Perez/Chicago Tribune)
Southwest Airlines is giving its “bag cops” a break.
Southwest has been running a heavy dose of TV commercials boasting that unlike most other airlines it lets passengers check two bags for free.
But the airline said Friday it will launch a new TV commercial designed to boost sales on its Web site. The ad, featuring singing and dancing employees in Chicago, is important to Southwest because its flights don’t appear on online booking websites such as Orbitz and Travelocity. Get the full story »
The Illinois Department of Financial and Professional Regulation said Friday it was giving American Home Mortgage Servicing Inc. until Oct. 22 to provide it with details on its foreclosures procedures. Get the full story »
From Crain’s Chicago Business | Apple Inc. plans to open its second city location, in Lincoln Park at 801 W. North Ave., at 10 a.m., Saturday, Oct. 23.o the public next Saturday. It’s the Apple’s ninth store in the Chicago area. Get the full story>>
