From Forbes | Old Republic International Corp. completed its $228 million all-stock acquisition of PMA Capital Corp., the insurers said Friday.
Dish Network says Fox has blocked 19 TV channels
Dish Network Corp. said on Friday that News Corp.’s Fox Networks has demanded a higher transmission fee and blocked its access to 19 regional sports networks and other programing.
Dish Network, the No. 2 U.S. satellite operator, said Fox was demanding a new contract with an “unprecedented rate increase of more than 50 percent.” Get the full story »
BP says costs of oil spill rise to $11.2 billion
BP named the Gulf of Mexico assets that it will use to help finance the $20 billion fund for victims of its oil spill and said the cost of dealing with the disaster had risen to $11.2 billion. Get the full story »
BHP says it’s close to lodging Potash legal challenge
BHP Billiton said on Friday it expected to lodge a motion within the next few days to challenge a lawsuit filed by Potash Corp. to fend off the miner’s $39 billion hostile takeover bid. Get the full story »
U.S. manufacturing likely grew at slower pace
Bloomberg News | Manufacturing probably expanded in September at the slowest pace in 10 months, underscoring the Federal Reserve’s forecast of “modest” U.S. growth, economists said before reports today. Get the full story »
Oct. 1, 2010 at 5:23 a.m.
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Filed under: The day ahead in business
Reports: Personal income and consumer spending data for August, 7:30 a.m.; consumer sentiment index, 8:45 a.m.; Institute for Supply Management’s September manufacturing index, 9 a.m.; construction spending, 9 a.m.
Earnings: GM, 9:45 a.m.
Ex-fund manager Bell gets 5 years in Ponzi case
Onetime Chicago hedge fund manager Gregory Bell was sentenced Thursday to five years in prison for his role in propping up the Tom Petters Ponzi scheme as it began to unravel more than two years ago. Get the full story »
McDonald’s grapples with insurance laws
A dispute between McDonald’s Corp. and the federal government over a new health care reform requirement is giving a peek into the potential complexities that the massive new law will have on companies. Get the full story »
Kellogg falls to 5th in WSJ executive MBA rankings
Northwestern University’s Kellogg School of Management slipped to fifth place in the Wall Street Journal’s second executive MBA rankings, released today.
The program was top ranked when the Journal issued its first executive MBA rankings in 2008. It’s also the second-most expensive program in the top 25, with a total cost of $153,900, behind Wharton, at $167,250. Get the full story »
Most Hewitt holders want Aon stock in buyout
From BusinessWeek | Most of the stockholders of Hewitt Associates Inc. have decided to receive shares of Aon Corp. as part of the $4.9 billion sale of the human resources specialist.
Fed must do its part for economy, Bernanke says
Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. economic recovery remains disappointingly slow with unemployment too high.
The Fed has a role to play in returning the economy health, he told teachers at a town-hall event.
“We certainly have in the near term and the medium term…some very difficult challenges,” he said. Get the full story »
Stocks slip ahead of key manufacturing data Friday
Bloomberg News — Stocks fell, trimming the biggest September rally since 1939, as investors sold some of the month’s best-performing shares amid speculation that improving economic data will reduce the need for the Federal Reserve to stimulate growth. Get the full story »
Boeing delays first delivery of 747-8 freighter
747.jpg Spectators gather to watch the new Boeing 747-8 freighter during taxi tests for the new airplane. (AP)
Boeing Co. said Thursday it would delay first delivery of the 747-8 Freighter, its biggest commercial jet, but shares of Boeing rose on news that the delay would not hurt the company’s 2010 financial results. Get the full story »
AIG lays out plan to repay taxpayers
American International Group Inc. laid out a plan on Thursday that sets the company on a path for an accelerated payback of taxpayer bailout money, but also increases the risk for the government.
The plan, which comes a little over two years after AIG was rescued from the brink of collapse, will see the Federal Reserve Bank of New York getting repaid in full and ending its involvement in AIG, leaving the company to deal with just the Treasury Department. Get the full story »
United’s top lawyer resigns ahead of merger
By Ameet Sachdev and Julie Johnsson | The merger between United and Continental airlines is scheduled to become official on Friday, and there is an unexpected hole in the senior management team.
Tom Sabatino, who was supposed to be the top lawyer inside the combined United-Continental airlines, has resigned, the Tribune has confirmed. Get the full story »
