March 25 at 1:05 p.m.
Filed under:
Airlines,
Airports
By Julie Johnsson
A customer speaks with an agent at the American Airlines ticket counter at Miami International Airport, March 24, 2011. (John W. Adkisson/Getty Images)
With airline traffic badly snarled by a blaze at Miami International Airport, American Airlines said Friday that it wouldn’t charge Miami-bound passengers a fee for switching flights to another airport or traveling on another day.
Cancellations and delays have soared as airlines struggled to refuel planes after a fire in the airport’s fuel farm Wednesday night. At mid-day Friday, 95 departures at Miami International had been canceled and just 43 percent of flights left on-time, according to FlightStats.com. The site, which monitors airline traffic, tallied 106 cancellations on Thursday out of 570 scheduled departures. Get the full story »
March 25 at 12:58 p.m.
Filed under:
Banking,
Real estate
By Reuters
A Reuters analysis raises doubts about a widely cited statement by U.S. Comptroller of the Currency John Walsh that only a “small number” of wrongful foreclosure sales have occurred despite widespread misdeeds by banks that are the leading mortgage loan servicers. Get the full story »
March 25 at 12:50 p.m.
Filed under:
Banking,
Government,
Personnel moves
By Dow Jones Newswires
Federal Reserve Bank of Kansas City President Thomas Hoenig will retire Oct. 1, marking nearly four decades of central bank service. Get the full story »
By Dow Jones Newswires
A man tries out a Nintendo 3DS, which displays graphics in 3D without the use of 3D glasses, in Paris on March 24, 2011. (Elodie Le Maou/AFP/Getty Images)
Having watched its once-mighty handheld-gaming business come under attack by touch-screen smartphones sporting $1 game apps, Nintendo Co. is betting big that it can keep gamers paying for what it considers a premium experience.
This weekend, the Japanese videogame giant will launch the 3DS as its latest entry into a fast-changing market. Modeled after its hugely popular DS console, the gizmo is the first gaming console dedicated to 3D games — without the need for special glasses. The device carries a price tag of $250, and games have been priced at $40 apiece. Get the full story »
March 25 at 12:15 p.m.
Filed under:
Bankruptcy,
Retail
By Dow Jones Newswires
Book retailer Borders Group Inc., which is shuttering hundreds of stores in a bid to stay alive, is seeking bankruptcy court approval to hand out more than $8 million in executive bonuses, including nearly $1.7 million to President Mike Edwards. Get the full story »
March 25 at 11:56 a.m.
Filed under:
Cell phones,
Stock activity
By Reuters
Research In Motion faces a tough battle to win back market share in the United States, Wall Street analysts said on Friday, a day after the BlackBerry maker gave a weak outlook. Get the full story »
March 25 at 11:49 a.m.
Filed under:
Food,
Technology
By Associated Press
(Chris Walker/Chicago Tribune)
For the first time, Girl Scouts are accepting credit cards using a device called GoPayment, a free credit card reader that clips onto smart phones. Girl Scout leaders hope that allowing customers to pay with plastic will drive up cookie sales in a world where carrying cash is rapidly going the way of dial-up Internet.
Keeping pace with changing technology is a priority lately for the historic Girl Scouts, an organization that’s preparing to celebrate its 100th anniversary next year. Get the full story »
March 25 at 11:34 a.m.
Filed under:
Agriculture/Farming,
Stock activity
By Associated Press
Archer Daniels Midland Co.’s stock slipped Friday as an analyst downgraded the agribusiness conglomerate, saying the current operating environment may miss near- and intermediate-term expectations. Get the full story »
March 25 at 11:16 a.m.
Filed under:
International,
Technology
By Reuters
Apple’s new iPad went on sale in 25 countries internationally on Friday, but the United States is still the cheapest place to buy the latest version of the tablet computer. Get the full story »
March 25 at 10:49 a.m.
Filed under:
Economy,
Policy,
Politics
By Reuters
The Federal Reserve should complete its current round of bond-buying, designed to support the recovery, and likely does not need to extend it, Chicago Fed President Charles Evans said on Friday. Get the full story »
March 25 at 9:58 a.m.
Filed under:
Bankruptcy,
Retail
By Julie Johnsson
A Borders bookstore at North and Halsted in Chicago in February. (Brian Cassella/Chicago Tribune)
Liquidation sales have begun at 26 Borders stores in 14 states that are slated to close in late May, including an outlet in Wilmette.
Similar sales are already under way at the 200 Borders stores that are scheduled to close by the end of April, as the troubled bookstore chain reorganizes under Chapter 11 protection. Get the full story »
March 25 at 9:49 a.m.
Filed under:
Consumer news,
Economy
By Reuters
Consumer sentiment in March fell to its lowest level in more than a year as gasoline and food prices rose, a survey released on Friday showed. Get the full story »
March 25 at 8:39 a.m.
Filed under:
Litigation,
Pharmaceuticals
By Reuters
A jury began deliberating Friday morning on whether Abbott Laboratories should pay GlaxoSmithKline hundreds of millions of dollars over allegations of unfair HIV drug pricing. Get the full story »
March 25 at 7:55 a.m.
Filed under:
Food,
Franchises,
IPOs,
Restaurants
By Reuters
Arcos Dorados Holdings Inc, a large South American franchisee of U.S. fastfood chain McDonald’s Corp, is planning to raise about $875 million in a stock offering and list its shares on the New York Stock Exchange. Get the full story »
March 25 at 7:38 a.m.
Filed under:
Economy,
Government
By Reuters
The U.S. economy grew more quickly than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves. Gross domestic product growth was revised up to an annualized rate of 3.1 percent, the Commerce Department said in its final estimate, close to its initial estimate of 3.2 percent. Get the full story »
