Sep. 14, 2010 at 6:17 a.m.
Filed under:
Airplanes,
Defense
By Associated Press
B-17E Flying Fortress airplanes being built at Boeing's historic "Plant 2" being shuttered in Seattle. (Boeing)
The dilapidated factory that helped make Seattle a high-tech town is being demolished after 75 years, a casualty of time, technology and tails that grew too tall.
Boeing Co.’s Plant 2, a sprawling but outdated building, gave birth to some of the world’s most significant aircraft. It was the site of Seattle’s biggest disappearing act and a home to “Rosie the Riveter” — women who built thousands of World War II planes.
Sep. 14, 2010 at 6:05 a.m.
Filed under:
Food,
Packaged foods
By Associated Press
The makers of high fructose corn syrup want to sweeten up its image with a new name: corn sugar. The bid to rename the sweetener by the Corn Refiners Association comes as Americans’ concerns about health and obesity have sent consumption of high fructose corn syrup to a 20-year low.
The group plans to apply Tuesday to the Food and Drug Administration to get “corn sugar” approved as an alternative name for food labels. Get the full story »
By Dow Jones Newswires-Wall Street Journal
Ad showing corpse holding a hamburger. (PCRM ad)
McDonald’s Corp. is the target of a new television commercial set to air in Washington, D.C., Thursday that blames the burger giant for heart disease.
In the commercial, produced by the nonprofit Physicians Committee for Responsible Medicine, a woman weeps over a dead man lying in a morgue. In his hand is a hamburger. At the end, the golden arches appear over his feet, followed by the words, “I was lovin’ it,” a play on McDonald’s longtime ad slogan, “I’m lovin’ it.” A voiceover says, “High cholesterol, high blood pressure, heart attacks. Tonight, make it vegetarian.” Get the full story »
Sep. 13, 2010 at 5:31 p.m.
Filed under:
Bankruptcy,
Media,
Newspapers,
Radio,
TV,
Updated
By Michael Oneal
The unsecured creditor’s committee in Tribune Co.’s bankruptcy case asked a Delaware judge Monday for the right to sue Chicago real estate magnate Sam Zell, company officials and others who participated in the company’s ill-fated 2007 leveraged buyout. Get the full story »
Sep. 13, 2010 at 5:14 p.m.
Filed under:
Energy,
Environment
By Associated Press
The owners of Oyster Creek nuclear power plant say they’ll begin pumping water contaminated by radioactive tritium out of the ground to prevent any possible contamination of drinking water supplies.
Exelon Corp. and the New Jersey Department of Environmental Protection announced the plan after a meeting Monday in Trenton. The work is to begin this week.
Sep. 13, 2010 at 5:02 p.m.
Filed under:
Airplanes,
Manufacturing
By Associated Press
Boeing Co. said on Monday that it has begun long-term fatigue testing on its new 787, a three-year program meant to simulate the stresses of years of flying.
Sep. 13, 2010 at 4:47 p.m.
Filed under:
Airlines,
Economy,
Jobs/employment,
M&A
By Julie Johnsson
United and Continental Airlines agreed on Monday to maintain a hub in Cleveland for at least five more years, as Ohio Attorney General Richard Cordray ended his antitrust investigation of the mega-merger.
The announcement clears one of the last remaining roadblocks to the tie-up, which will create the world’s largest carrier. The Justice Department, which had been expected to provide the closest scrutiny of the deal, concluded its antitrust probe last month.
United and Continental shareholders will vote on Friday to formally approve the financial union of the two airlines. The deal is slated to close on Oct. 1, when Continental CEO Jeff Smisek will become chief executive of the new United. Get the full story »
Sep. 13, 2010 at 4:21 p.m.
Filed under:
Airports,
Manufacturing,
Updated
By Associated Press
The Harley- Davidson factory in Tomahawk, Wis., that makes Harley sidecars, windshields and other bike parts and accessories. (Rick Barrett/MCT)
Harley-Davidson workers in northern Wisconsin have approved a labor contract that freezes pay and cuts about 75 jobs at their plant while saving hundreds of other jobs.
Union president Frank Garrou says almost 300 workers at the plant in Tomahawk approved the deal Monday by a margin of about 70 percent to 30 percent. Get the full story »
Sep. 13, 2010 at 3:30 p.m.
Filed under:
Crime,
Fraud,
Investigations
By Associated Press
A judge has sentenced the owner of a suburban Chicago printer repair company to 10 years in federal prison in a $28 million Ponzi scheme.
In a Monday statement, the U.S. attorney’s office said Matthew Scott was also ordered to pay nearly $5 million in restitution. Prosecutors accused the owner of Northlake-based Gelsco of swindling around 75 people. Some lost their life savings.
By Associated Press
The Hershey Co. is asking a federal judge to decide whether its iPhone application to make virtual chocolate milk violates another company’s copyright. The Pennsylvania chocolate maker has filed a federal complaint asking for a judgment in its legal dispute with Las Vegas-based software developer Hottrix LLC. Get the full story »
Sep. 13, 2010 at 2:09 p.m.
Filed under:
Airlines,
Airplanes,
Airports,
Regulations
By Julie Johnsson
Only three flights suffered excessive tarmac delays in July, all of them at Chicago’s O’Hare International Airport, as the threat of hefty, new fines continued to make an impact on air travel, new data shows.
But passengers don’t always benefit from the new rules, imposed at the end of April. Get the full story »
By Dow Jones Newswires
Rapid demand for smartphones and tablet computers this year is expected to cause the global market for small and midsize liquid crystal displays to expand at its fastest pace in three years, according to iSuppli.
The research firm said global shipments of thin-film transistor panels, advanced types of displays used in sophisticated mobile devices including smartphones and tablet PCs, are set to rise 28 percent. That would be the highest level of growth for the market since 2007, when shipments jumped 50 percent. Get the full story »
Sep. 13, 2010 at 1:07 p.m.
Filed under:
Government
By Reuters
The U.S. posted a $90.53 billion budget deficit in August, Treasury Department data showed Monday.
The August deficit was slightly below the $95 billion expected by economists polled by Reuters, and smaller than the $103.56 billion gap a year earlier.
The department said the gap for fiscal 2010, which ends at the end of this month, was $1.260 trillion, smaller than the $1.371 trillion posted for the first 11 months of fiscal 2009.
Sep. 13, 2010 at 1:03 p.m.
Filed under:
Advertising/Marketing,
Internet,
Litigation,
Retail
By Reuters
A Manhattan federal judge on Monday dismissed Tiffany & Co.’s 6-year-old lawsuit accusing eBay Inc. of allowing the online sale of counterfeit jewelry bearing its name.
U.S. District Judge Richard Sullivan on Monday rejected Tiffany’s false advertising claim against eBay. Get the full story »
Sep. 13, 2010 at 12:58 p.m.
Filed under:
Banking,
Environment
By Becky Yerak
A local bank headquarters and branch has been shut down due to mold.
Foster Bank at 5225 N. Kedzie Ave. was closed Friday and will likely remain shuttered for about two months while mold is eradicated, a bank spokesman confirmed Monday. Get the full story »
