Sep. 7, 2010 at 12:01 p.m.
Filed under:
Autos,
Energy
By Mary Jane Grandinetti
Ask Jim O’Donnell, president and chief executive of BMW North America, about the automaker’s plans for alt-fuel vehicles, and he assures that the luxury nameplate will be there — with the 5-Series passenger cars and X3 crossover front and center.
But he also is convinced that hybrids, electrics and any combination will remain niche markets rather than supplant internal combustion for autos for some time.
“The price of gas in Newark (N.J.) was $2.38 a gallon when I left to come here this morning,” said O’Donnell, in town for the BMW Golf Championship this week at Cog Hill in Lemont. “Without a substantial increase in that, the U.S. market is not going to turn to alternative fuel vehicles.” Get the full story »
Sep. 7, 2010 at 11:33 a.m.
Filed under:
Transportation,
Work culture
By Becky Yerak
A crowded CTA car on the Red Line. (Red Eye photo)
Just take some deep breaths, Chicagoans.
Chicago ranked eighth on Portfolio.com’s listing of the “Most Stressful Places in America,” with a stress index of 4.366. Detroit was deemed the most stressed-out metro area in the nation, with a stress index of 9.026 points.
Nos. 2 through 7 are Los Angeles, Cleveland, Riverside, Calif., St. Louis, Mo., New York and New Orleans. Get the full story »
Sep. 7, 2010 at 11:25 a.m.
Filed under:
Exchanges,
Regulations
By Reuters
The top U.S. securities regulator said on Tuesday that the follow-up report on what might have caused the May “flash crash” is expected by the end of September. Get the full story »
Sep. 7, 2010 at 10:46 a.m.
Filed under:
Consumer news,
Credit repair
By Becky Yerak
American Express tells online customers that they’re 30-plus days past due when they’ve only missed their payment deadline by a few days, according to a study released Monday on late-payment policies of credit card companies. Get the full story »
By Mary Ellen Podmolik
There will be no seventh annual Chicago Luxury Home Tour this fall.
Greenspring Media Group, the Midwest Home magazine offshoot that organized the annual event, is mothballing the tour for a year because it couldn’t secure enough high-end new homes to make it worth consumers’ while. Get the full story »
Sep. 7, 2010 at 10:24 a.m.
Filed under:
Jobs/employment,
Labor,
Unions
By Associated Press
Harley-Davidson workers are gathering Tuesday to learn details of a proposed contract which includes concessions the company says will keep jobs in Wisconsin. Get the full story »
Sep. 7, 2010 at 9:57 a.m.
Filed under:
Bankruptcy,
Retail,
Small business,
Sports
By Becky Yerak
Litchfield-based Schutt Sports Inc., a maker of football helmets, face guards and other protective sports gear, said today that it has filed for Chapter 11 bankruptcy protection.
“This process will allow us to continue operating our business as usual and to continue servicing our customers without disruption,” Schutt Chief Executive Robert Erb said. ” We have the support of our bank, a great brand and look forward to strengthening our balance sheet and serving our customers for years to come.” Get the full story »
By Associated Press
Whenever companies start hiring freely again, job-seekers with specialized skills and education will have plenty of good opportunities. Others will face a choice: Take a job with low pay — or none at all. Get the full story »
Sep. 7, 2010 at 9:48 a.m.
Filed under:
Technology
By Wailin Wong
Motorola Inc. has partnered with Swedish telecommunications giant Ericsson on advanced technology for public safety agencies, the two companies said Tuesday. Get the full story »
Sep. 7, 2010 at 9:00 a.m.
Filed under:
Media,
TV
By Reuters
Google will launch its new service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room. Get the full story »
Sep. 7, 2010 at 8:57 a.m.
Filed under:
M&A,
Magazines,
Media
By Reuters
The Playboy Enterprises Inc. special board committee tapped to evaluate Hugh Hefner’s offer to take the company private said Tuesday it retained Raine Securities LLC and Kaye Scholer LLP as its financial and legal advisors, respectively. Get the full story »
Sep. 7, 2010 at 8:19 a.m.
Filed under:
Work culture
By Becky Yerak
Northern Trust Corp., McDonald’s Corp. and State Farm Insurance Cos. made the list of Black Enterprise magazine’s “40 best companies for diversity.” The three companies also made the list in 2009. Get the full story »
Sep. 7, 2010 at 8:11 a.m.
Filed under:
Banking
By Becky Yerak
It appears that consumers have had enough with the low interest rates paid by banks. Bank deposits are shrinking for the first time in two decades, a new analysis shows. Get the full story »
Sep. 7, 2010 at 7:59 a.m.
Filed under:
Autos,
Recalls
By Reuters
South Korean automaker Kia Motors, on the heels of a global recall of more than 100,000 vehicles, said Tuesday it has named a new vice chairman to replace Chung Sung-eun, who has resigned. Get the full story »
Sep. 7, 2010 at 7:11 a.m.
Filed under:
Media,
Movies,
Video
By McClatchy Tribune Newspapers
Fast-growing DVD rental provider Redbox said it reached a milestone this weekend with the rental of its 1 billionth movie — “Clash of the Titans,” at a kiosk in Tampa, Fla.
The rental milestone occurred six years after the first kiosk appeared in Denver. Get the full story »
