A 2011 Volkswagen Jetta. (Courtesy Volkswagen/MCT)
Volkswagen of America is recalling about 71,000 2011 Jetta sedans for a wiring problem that could cause the car to turn off when the horn is used.
Under certain rare circumstances using the horn could cause a short circuit that would, in turn, cause an electronic part called a converter box to disconnect from the car’s power supply, a VW spokeswoman said. Get the full story »
August Busch IV in 2006. (E. Jason Wambsgans/Chicago Tribune)
August Busch IV will step down as a director of Anheuser-Busch InBev next month, ending his family’s direct involvement with the world’s largest brewer.
“For personal and health reasons August Busch IV has decided not to seek re-election at the annual shareholders meeting,” Anheuser spokeswoman Marianne Amssoms said in an emailed statement. Get the full story »
From Crain’s Chicago Business | Naperville-based natural gas utility Nicor Inc. has granted CEO Russ Strobel 16,020 shares of restricted stock per a long-term incentive plan, but Mr. Strobel will be able to cash them within months. The shares will be convertible to cash immediately when Nicor’s $2.4-billion sale to AGL Resources Inc. closes later this year.
The U.S. Federal Reserve Bank should complete its planned $600 billion in bond purchases, but probably does not need to do buy additional bonds to support the economy, a top Fed official said on Monday. Get the full story »
U.S. grain storage capacity continues to trend higher as farm production grows, with Archer Daniels Midland Co. becoming the latest company to announce expansion plans. Get the full story »
Budweiser's ad on a Wrigley Field rooftop on Waveland Ave. is removed in September of 2008 to make way for a Horseshoe Casino ad, which will soon be replaced by one for United. (Phil Velasquez/Tribune)
The highly visible rooftop sign across the street from Wrigley Field will have a new advertiser this season.
The Cubs announced Monday that United Airlines has bought the rights to advertise on the rooftop, which is beyond the left-field bleachers on Waveland Avenue. The Horseshoe Casino in Indiana had advertised on the rooftop the last few seasons. Before that, the rooftop was painted red and sported the Budweiser logo for many years. Get the full story »
American Express is diving into the e-wallet space with Serve, a service that lets customers transfer money to others online and make payments with their mobile phones.
In its announcement Monday, AmEx said Serve is aimed at customers who use cash, checks and debit cards, rather than the company’s traditional credit card users. Get the full story »
Medtronic Inc. has won U.S. approval for a new generation of implantable defibrillators designed to cut back on inappropriate shocks delivered by the devices, the company said on Monday.
A defibrillator is designed to shock a dangerously irregular heartbeat back to its normal rhythm. Get the full story »
Sprint Nextel urged regulators to block AT&T Inc.’s $39 billion bid to buy Deutsche Telekom AG’s T-Mobile USA.
Sprint, the No. 3 U.S. mobile carrier, said in a statement Monday that the transaction would harm consumers and competition. Get the full story »
(Christof Stache/AFP/Getty Images)
RadioShack Corp. said it will start selling the iPad 2 beginning Tuesday at 500 locations, marking the latest retailer to offer Apple Inc.’s hottest device.
RadioShack joins retailers that have been selling the device since its release more than two weeks ago. Best Buy Co., Target Corp. and Wal-Mart Stores Inc. as well as Verizon Wireless and AT&T outlets sell the second-generation iPad, which continues to face inventory shortages. Get the full story »
Tower Ticker | David Lauter, an assistant managing editor at the Los Angeles Times, has been named the new bureau chief of Tribune Co.’s unified Washington Bureau.
Lauter replaces Kerry Luft, who is returning to the company’s flagship Chicago Tribune as senior editor whose responsibilities will include coordination of 2012 national campaign coverage.
(Image via Flying Dog)
A Maryland brewery is accusing Michigan’s liquor commission of censorship after the panel rejected labels for a beer that features an expletive in the name.
Flying Dog Brewery has filed a federal lawsuit in Grand Rapids asking that a judge override the commission’s decision to reject labels for “Raging B—-” beer and allow the brew to be advertised and sold in Michigan. Get the full story »
