Vibes Media, a Chicago-based mobile marketing company, has teamed with the Chicago Bulls basketball team to develop a mobile marketing campaign that allows fans to text in to receive real-time game updates, scores and player statistics on their mobile phones. Get the full story »
Firms to pay $1M to settle salvaged-cab case
Taxis move across Van Buren Street in downtown Chicago, Jan. 3, 2011. (Terrence Antonio James/Chicago Tribune)
By John Byrne | Taxi companies have agreed to pay the city of Chicago more than $1 million in fines and to upgrade their fleets after the city accused them of illegally using rebuilt or salvaged vehicles as cabs.
As part of a settlement, cab mogul Simon Garber and his business partners agreed to pay $839,320 in fines and court costs for using 183 salvaged or rebuilt vehicles as taxicabs in violation of a city ordinance, according to a press release from the city Department of Business Affairs and Consumer Protection. Get the full story »
BP shares hit after report of oil spill charges
Shares in oil major BP fell on Tuesday on a report that its managers could face manslaughter charges following the Gulf of Mexico oil spill, which could lead to much higher fines over the disaster. Get the full story »
Credit Suisse sees strong 2012 for Walgreen Co.
A Credit Suisse analyst upgraded shares of Walgreen Co. on Tuesday, saying the drugstore chain should have a strong year in 2012. Get the full story »
Wal-Mart gets sympathetic bias case hearing
Activists rally in front of the U.S. Supreme Court, March 29, 2011. (Alex Wong/Getty Images)
Wal-Mart got a sympathetic hearing from several Supreme Court justices Tuesday as the retailer sought to prevent female employees from bringing the largest class-action sex-discrimination lawsuit in history.
The justices sharply questioned whether more than a million female employees can join together against Wal-Mart Stores Inc, accused of paying women less and giving them fewer promotions. Get the full story »
March 29 at 4:02 p.m.
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Filed under: Government, Health care, Pharmaceuticals, Technology, Wireless Abbott gets approval for wireless test device
Abbott Laboratories said Tuesday that it received marketing approval for a version of its i-STAT 1 blood testing system that can transmit results wirelessly. Get the full story »
U.S. gasoline demand flat in latest week
U.S retail gasoline demand was flat last week but fell from year-earlier levels as higher prices pressured demand while an improved employment outlook provided support, MasterCard Advisors’ SpendingPulse report showed Tuesday. Get the full story »
Nebraska comes calling for Caterpillar
Nebraska Gov. Dave Heineman is one of the people trying to persuade Caterpillar to move the headquarters of its mining and construction equipment business out of Illinois. Get the full story »
J&J recalls more Tylenol bottles due to musty odor
(Photo Illustration by Brendan Smialowski/Getty Images)
Health care products maker Johnson & Johnson is recalling another lot of Tylenol products due to a musty odor which has already triggered five other recalls of the company’s over-the-counter medicines.
The latest recall involves more than 34,000 bottles of Tylenol 8 Hour Extended Release, which were distributed throughout the U.S. All of the bottles are from a single lot. Get the full story »
FBI investigates hole found in US Airways jet
The Federal Bureau of Investigation is looking into a hole possibly caused by a bullet discovered Monday in the fuselage of a US Airways Group Inc. plane in a pre-flight inspection at an airport in Charlotte, N.C., Bloomberg News reported Tuesday on its website, citing the airline. Get the full story »
Urban Partnership Bank plans Loop branch
Crain’s Chicago Business | Urban Partnership Bank, the successor to the failed South Shore Bank, plans to open a branch in the Loop this summer. It has leased space at 55 E. Jackson Blvd. for the branch.
N.Y. promises hard look at AT&T/T-Mobile deal
An AT&T store in New York. (Reuters/Brendan McDermid)
AT&T Inc.s $39 billion bid to buy Deutsche Telekom AG’s T-Mobile USA came under scrutiny from New York’s attorney general, who said he is looking into its possible anticompetitive impact.
Citing a potential “near duopoly” as a result of the proposed deal, Atty. Gen. Eric Schneiderman said he wants to ensure the acquisition does not reduce access to low-cost cell phone options. Get the full story »
New mortgage-backed securities rules unveiled
U.S. bank regulators on Tuesday unveiled a proposal to overhaul the market for securities backed by mortgages and other assets, a piece of the financial system battered by the recession and financial crisis. Get the full story »
