business
CME Group vs. Gov. Pat Quinn: Now it’s about saving face
The bosses at CME answer to investors ahead of traders. And with most futures trading now on screens instead of inside pits, the company’s chairman threatened in June to leave town for a better tax climate. It was an odd way of raising a direct challenge to Gov. Pat Quinn.
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Hundreds line up outside Apple stores for new iPhone 4S
A faster iPhone with better software and an improved camera went on sale in seven countries on Friday as hundreds of buyers camped out for hours to be among the first to get one.
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Ford deal gains support nationally as 2nd local plant rejects it
Workers at Ford Motor Co.’s stamping plant in Chicago Heights resoundly rejected the automaker’s contract offer Friday, joining the company’s Chicago assembly plant, which a day earlier voted down the deal negotiated by the United Auto Workers union leadership. As of Friday, the deal nationally …Read More
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Motorola Mobility sets Nov. 17 vote on Google takeover
Cellphone maker Motorola Mobility Holdings Inc. said Friday that its shareholders will vote Nov. 17 on whether the company should accept Google Inc.’s $12.5 billion offer. The stockerholders’ special meeting will take place at 10 a.m. Nov. 17 in San Diego, Calif. The board had …Read More
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Retail sales rose strongly in September on autos
WASHINGTON — U.S. consumers stepped up their spending on retail goods in September, a hopeful sign for the sluggish economy. They spent more on autos, clothing and furniture last month to boost retail sales 1.1 percent, the Commerce Department said Friday. It was the largest …Read More
Stocks rise on gain in retail sales; Google jumps
Strong retail sales and corporate profit reports are pushing stocks higher. Retail sales increased 1.1 percent in September, the biggest gain in seven months and twice what economists projected. Retail sales are a key early barometer of consumer spending, the biggest contributor to the U.S. …
Hulu no longer for sale, owners say
After months of being courted by technology giants and TV signal providers, online video service Hulu is no longer for sale, its media company owners said Thursday.
Citadel worker accused of stealing trade secrets
A former employee of a Chicago-based trading firm was arrested Wednesday for allegedly stealing sensitive computer trade secrets for personal use, according to the federal authorities.
Jobs painted as romantic teen in ‘Rolling Stone’
Many people know Apple co-founder Steve Jobs as an exacting tech visionary. Fewer know him as a romantic, a poet or a costumed “Alice in Wonderland” character at a California shopping mall — as his first serious girlfriend, Chrisann Brennan, remembers him.
BlackBerry service restored after global outage
BlackBerry services buzzed back to life across the world Thursday, after a three-day outage that interrupted email messages and Internet services for millions of customers.
Protesters suspicious of plan to clean up NYC park
The owner of the private park where Wall Street protesters are camped out gave them notice Thursday that it will begin enforcing regulations, which prohibit everything from lying down on benches to storing personal property on the ground. Protesters said they believe the effort is an attempt to end their encampment.
Lawmakers seek probe on banks’ new debit card fees
Democratic lawmakers are asking the Justice Department to investigate whether Bank of America and other major banks improperly worked together to charge customers new monthly fees for using their debit cards, violating antitrust laws before announcing the fees.
Fed minutes: 2 officials saw need for bolder steps
Federal Reserve policymakers considered a third round of bond purchases at their last meeting, and at least two members said the weakening economy might require it, according to minutes of the meeting released Wednesday. Instead, the Fed opted to shift $400 billion of its investments to try to lower long-term interest rates.
Want free Kodak prints? Hit ‘like’ on Facebook Monday
Kodak really wants you to like it. Starting next week, the photography company will give Facebook users who “like” it a coupon to print free photos at one its kiosks. The link for the coupon will go up on Kodak’s Facebook page (www.facebook.com/kodak ) Monday. …Read More
Chicago Ford workers reject UAW’s proposed contract
Workers at Ford Motor Co.’s Chicago assembly plant rejected a contract agreement with the automaker — setting the stage for a possible national strike.
Stocks slide on JPMorgan; tech rally trims losses
Stocks sank Thursday, ending the fastest rally in the S&P; 500 since March 2009. Bank stocks dragged the market lower after JPMorgan Chase & Co. reported that a slowdown in investment banking hurt its results in the third quarter. An afternoon surge in technology stocks limited some of the losses.
