The MySpace redesign set to launch in mid-October may be so jarring that the social networking site could lose members at first. That’s according to Jon Miller, the chief digital officer of MySpace parent company News Corp. Get the full story »
Twitter: Porn pop-up problem fixed
The Twitter homepage on Sept. 3, 2010. Twitter came under attack today as hackers exploited a security flaw to wreak havoc on the microblogging service. (Nicholas Kamm/AFP/Getty Images)
Twitter has fixed a security flaw on its popular social media website after a cyber attack earlier on Tuesday sent some users to Japanese porn websites.
Twitter, which allows users to broadcast short messages of 140 characters or fewer, was flooded with tweets by users who complained on the homepage under such topic headings as ”Twitter got hacked.” Get the full story »
Fed firm on monetary policy, but ready to act
The Federal Reserve said Tuesday it stood ready to provide additional support to bolster a modest economic recovery, suggesting it may be preparing to do more to keep unemployment from rising and prices from falling. Get the full story »
Anthropologie to take former American Girl site
Anthropologie is opening a store at 111 E. Chicago Ave., the former site of the American Girl store just west of Michigan Avenue. Get the full story »
Premiums for Medicare Advantage drop 1%
Seniors enrolled in popular private health insurance plans through Medicare will pay a little less on average next year, the Obama administration said Tuesday.
The average monthly premium in so-called Medicare Advantage plans will dip to $35.69 in 2011, a 45-cent reduction from $36.14 this year, Medicare officials said.
U.S. gasoline demand rises in last week
U.S retail gasoline demand on average rose 1.9 percent last week from the previous week, as consumption rebounded from the post Labor day slump, according to the SpendingPulse report released Tuesday by MasterCard Advisors. Get the full story »
Toys R Us releases its list to Santa
Memo to Santa, from Jerry Storch and his team of executive elves at Toys R’ Us headquarters in Wayne, N.J.: Here are the toys we’re betting you will see on lots of kids’ lists this year.
Toys R’ Us on Tuesday released its annual list of hot holiday toys. The retailer selected three dozen toys it expects will be popular this year, and named 15 of those as the hottest of the bunch. Get the full story »
EU accepts WTO ruling on technology goods
The World Trade Organization adopted a ruling Tuesday condemning controversial European duties on electronics products after the European Union declined to appeal against the verdict by WTO judges. Get the full story »
Firm says modified salmon should get same label
A company that has engineered salmon to grow twice as fast as the conventional variety says its food should not be labeled any differently in the grocery store if it is approved by the U.S. government.
The chief executive of the company, Ron Stotish, argued at a Food and Drug Administration hearing Tuesday that genetically modified salmon have the same flavor, texture, color and odor as the conventional fish. Get the full story »
Unemployment rises in 27 states; falls in Illinois
More than half of U.S. states saw their unemployment rates rise in August, the largest number in six months, as hiring weakened across the country. The jobless rate in Illinois, however, fell 0.2 percentage points to 10.1 percent last month.
CME to offer gold, oil volatility contracts in Q4
CME Group Inc., the biggest U.S. operator of futures exchanges, will offer contracts tied to anticipated price swings in gold and oil starting in the fourth quarter, the exchange said on Tuesday. Get the full story »
Exelon plant shutdown won’t affect customers
Exelon Corp. shut down a nuclear power plant in Braidwood, Ill. about 60 miles southwest of Chicago Monday evening when the unit’s “turbine tripped offline,” the company said today.
The Braidwood Unit 1 shutdown will “not have an impact on Exelon customers,” the company said. The automatic shutdown, which happened at 5:04 p.m. Monday, remains under investigation. Get the full story »
Sep. 21, 2010 at 9:52 a.m.
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Filed under: Jobs/employment, Layoffs, M&A, Pharmaceuticals, Updated Abbott to cut 3,000 jobs globally, none in Lake Co.
Drug and medical product giant Abbott Laboratories said this morning it would cut about 3,000 jobs worldwide. But there will be no reductions in Lake County, home to the company’s sprawling Abbott Park headquarters.
The cuts, which amount to about 3 percent of its global workforce, come in the wake of its acquisition earlier this year of Solvay SA’s drug business. Abbott has 93,000 employees worldwide, including 13,000 in Illinois that are largely at its campus just east of the Tri-State Tollway. Get the full story »
Discover eyes mortgage, checking deals
Discover Financial Services, fresh from a deal to buy Citigroup’s private student loan assets, is also considering ways to enter the mortgage and checking businesses, Chief Executive David Nelms told Reuters on Monday. Get the full story »
Evanston’s Spartech fined for safety violations
The U.S. Department of Labor’s Occupational Safety and Health Administration levied $54,500 in fines against an Evanston-based plastic maker, saying it violated 16 “serious safety violations” by exposing employees to unguarded machinery and “electric shock hazards.” Get the full story »
