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RadioShack calls off mobile venture with Target
RadioShack Corp. said Monday that it ended a mobile phone partnership with Target Corp. as the retailers could not agree on a new deal...
Peregrine's Wasendorf to be sentenced Jan. 31
Peregrine Financial Group's former chief executive, who pleaded guilty to embezzling more than $100 million from customers of his futures...
Dell shares surge as talks of going private resurface
Dell Inc. is in talks with private equity firms on a potential buyout, a source familiar with the matter told Reuters, confirming a...
Apple drags on S&P, Nasdaq; Dell jumps after report
The S&P 500 and Nasdaq ended lower on Monday as worries over demand for Apple products drove down its shares and investors braced for...
American amends jet orders from Boeing, Airbus
American Airlines said Monday that it amended agreements with Boeing and Airbus regarding the purchases of hundreds of planes, including a...
NTSB to probe batteries, wiring in Dreamliner fire
The U.S. transportation safety agency said on Monday it was analyzing the lithium-ion battery and burned wire bundles as part of its...
Study shows younger Americans deeper in credit card debt
American credit card holders in their late 20s and early 30s have more debt than older consumers, repay it more slowly and risk dying in...
Bernanke to Congress: Raise debt ceiling
Federal Reserve Chairman Ben Bernanke on Monday urged U.S. lawmakers to raise the country's debt ceiling to avoid a potentially disastrous...
Sears shares jump on increased Lampert stake
Shares of Sears Holdings Corp. rose nearly 9 percent Monday after Chairman and soon-to-be CEO Edward Lampert disclosed that he purchased...
RIM stock rises in run-up to BlackBerry 10
Shares of Research In Motion Ltd. surged as much as 11 percent on Monday as the countdown toward the Jan. 30 launch of its long-awaited...
U.S.: Keep Java disabled, even after update
The U.S. Department of Homeland Security reiterated advice for computer users to disable Oracle Corp's widely used Java software for surfing...
Facebook shares rise in buildup to mystery event
Facebook Inc.'s stock opened on Monday above $32 for the first time since July as anticipation about upcoming products and financial results...
New iPad, iPad mini coming in March, analyst says
If you just bought a new iPad, you won't be happy to learn that Apple may be coming out with new models as early as March.
Nasdaq plan to offer algorithmic trading denied by U.S. regulator
Nasdaq OMX Group Inc.'s proposal to offer algorithmic trading services that would compete against similar services offered by broker-dealers...
Newest Girl Scout cookie: Mango Cremes with additive NutriFusion
When the Girl Scouts come a-knocking, asking Americans to give up their New Year's resolutions for some tasty cookies, there'll be a new...
OWN turnaround good news for Discovery, analyst says
Improved ratings at OWN has Sanford C. Bernstein media analyst Todd Juenger bullish on Discovery Communications, which co-owns the cable...
Netflix to add more Time Warner titles
Netflix Inc. will carry more shows from Time Warner Inc., intensifying efforts by the video streaming company to attract more subscribers...
Friday is deadline to apply for part of $25B mortgage settlement
A Friday deadline is looming for Illinois homeowners to file for claims as part of the $25 billion national mortgage foreclosure...
RTA accuses United, American of running 'sham' to avoid taxes
The Regional Transportation Authority is accusing United Airlines
Coca-Cola takes on obesity issue in prime-time ad campaign
Coca-Cola, the world’s top beverage company and perennial target for critics of sugary drinks, is taking an unusually public stance on...
Samsung sells 100 million Galaxy S smartphones
Samsung announced Monday that it has sold more than 100 million of its Galaxy S smartphones since launching the line in 2010.
U. of C. unveils new hospital
University of Chicago Medicine on Monday unveiled its new, 10-story, $700 million hospital in Hyde Park that will open to patients Feb. 23.
Nike replaces Armstrong with McIlroy
World No. 1 golfer Rory McIlroy has signed a multi-year sponsorship agreement with Nike as the U.S. sportswear company moves on after...
MetLife gets out of banking business, sells deposits to GE Capital
WASHINGTON -- Snoopy is getting out of the banking business.
Elisman to become CEO at Acco Brands
Office products maker Acco Brands Corp. announced Monday that Boris Elisman would succeed Robert J. Keller as chief executive officer,...
Cadillac ATS named 2013 North American Car of the Year
General Motors Corp.'s Cadillac ATS, a new compact sedan aimed at the popular BMW 3 Series, was named 2013 North American Car of the Year by...
Business leaders come out in support of gay marriage in Illinois
Dozens of Illinois business leaders and several companies publicly endorsed gay marriage Sunday in an attempt to reignite the issue after...
Swatch buying Harry Winston jewellery arm for $750M
Swatch Group is buying the luxury jewellery arm of Canada's Harry Winston in a $750 million cash deal to expand into high-end bracelets,...
Apple cuts orders for iPhone 5 parts on weak demand
Apple Inc. has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand, the Nikkei reported on Monday,...
FAA warns of exploding coffee pouches on planes
Flight attendants, required to work long hours with little rest and to battle unruly passengers with oversize carry-on bags, must now deal...
Aaron Swartz dead: Internet activist and programmer was 26
Internet activist, programmer and Highland Park native Aaron Swartz has died at 26, in an apparent suicide, New York authorities said...
Oracle Corp to fix Java security flaw "shortly"
BOSTON (Reuters) - Oracle Corp said it is preparing an update to address a flaw in its widely used Java software after the U.S. Department...
Wall Street ends flat as rally slows, earnings eyed
Stocks ended little changed on Friday as investors took a step back from buying ahead of next week's busy corporate earnings calendar.
Tumblr more popular than Facebook among young people, survey says
A survey released this week found that there were more teens and young adults who said they use Tumblr on a regular basis than those who...
Top four U.S. mobile phone carriers to sell BlackBerry 10 devices
In a major victory for struggling Research in Motion, the top four U.S. mobile phone networks said they would carry BlackBerry 10 devices.
2nd arrest in attempt to defraud Mayer Brown
A second man has been arrested in connection with an alleged scheme to defraud the Mayer Brown law firm.
Illinois closing 7 unemployment offices
The Illinois Department of Employment Security said it will close seven offices and cut 192 jobs, citing federal budget cuts and falling...
Fitch may cut Illinois' general obligation rating over pensions
Illinois' inability to resolve its huge public pension problem led Fitch Ratings on Friday to warn it could cut the state's general...
Homeland Security urges computer users to disable Java
The U.S. Department of Homeland Security reiterated advice for computer users to disable Oracle Corp.'s widely used Java software for...
Mayor appoints panel to advise on potential Midway privatization
Mayor Rahm Emanuel today named a seven-member panel to advise the city as it explores the possibility of privatizing Midway Airport.
U.S. trade deficit jumps to seven-month high
WASHINGTON -- A spike in American imports of consumer goods, autos and other products led to a sharp increase in the U.S. trade deficit in...
Dreamliner investigation: U.S. orders review of Boeing 787s
The U.S. Federal Aviation Administration said Friday it will launch a high-priority and comprehensive review of Chicago-based Boeing's new...
Holiday PC sales fall for first time in 5 years
For the first time in half a decade, PC sales fell during the holiday shopping season as demand for smartphones and tablets continued to...
Court: Netflix gets unfair postal advantage
A federal appeals court ruled on Friday that Netflix Inc. got an unfair advantage from the U.S. Postal Service's special handling of its...
MF Global creditors propose liquidation plan
Unsecured creditors of MF Global Holdings Ltd. on Thursday proposed a liquidation plan that could pay the brokerage's former customers in...
China firm buys naming rights to Grauman's Chinese Theatre
After 85 years, the world's most famous movie theater will finally be living up to its name.
JPMorgan faces U.S. order to improve compliance, sources say
A U.S. regulatory probe of JP Morgan Chase & Co. is expected to result in an order that the bank correct lapses in how it polices...
The day ahead in business
Reports: Trade balance for November, 7:30 a.m.; Import/export prices for December, 7:30 a.m.; Treasury budget for December, 1 p.m.
Sales of video game discs and consoles dropped 22% in 2012
Sales of video game discs and consoles plummeted 22% last year, as consumers flocked to new digital devices and cut their spending, while...
Boeing to cut 40% of jobs, space at Texas plant
Boeing Co. said it will cut a little more than 40 percent of jobs, or 160 positions, at its El Paso, Texas, plant in response to planned U....
Amazon to give music CD buyers a free digital version
Amazon.com Inc., taking aim at Apple's dominant iTunes store, on Thursday unveiled a service that it hopes will boost digital music sales...
Security experts warn of flaw in Java
Computer users are being advised by security experts to disable Oracle Corp.'s widely used Java software after a security flaw was...
December same-store sales drop 1.8% at Toys R Us
Toys R Us Inc,. the world's largest dedicated toy retailer, reported same-store sales in the U.S. fell 1.8 percent in December.
American Express to cut 5,400 jobs
American Express Co. said it would cut about 5,400 jobs and take about $600 million in after-tax charges in the fourth quarter, which will...
CES 2013: Samsung shows off flexible, unbreakable smartphone screens
Samsung has been rumored to be readying flexible, high-resolution displays for its smartphones, and this week at CES the South Korean tech...
Supervalu to sell Jewel-Osco, other chains to Cerberus group
Jewel-Osco stores will be sold to a consortium of investors led by Cerberus Capital Management, Jewel's parent Supervalu said Thursday.
FDA recommends lower doses of sleep aids
The U.S. health regulator warned that taking a widely prescribed insomnia drug at night may impair driving and alertness the next morning,...
Amtrak is upgrading its on-train Wi-Fi service
Coming soon on Amtrak: fewer excuses to not work while commuting.
Faulty valve behind Dreamliner fuel leak
A faulty valve caused a fuel leak on a Boeing 787 Dreamliner at Boston airport this week, operator Japan Airlines Co. said on Thursday.
30-year mortgage rates hit 8-week high
The average interest rate on a 30-year, fixed-rate mortgage has climbed to its highest level in eight weeks, in reaction to a positive...
Deere says SEC ends foreign payment probe with no action
Deere & Co. on Thursday said that the Securities and Exchange Commission has concluded an investigation into whether it had made...
Amazon steps up digital music competition with Apple
Amazon.com Inc unveiled a service that increases competition with Apple Inc's dominant iTunes store.versions of that music stored in their...
'Fiscal cliff' deal delivers $64 billion in tax breaks
When President Obama signed the "fiscal cliff" legislation, the middle class wasn't the only group saved from tax hikes.
No more shots? Bioengieneer develops 'nanopatch' vaccines
When it comes to protecting millions of people from deadly infectious diseases, Mark Kendall thinks a fingertip-sized patch covered in...
New mortgage lending rules to limit loan options
The Consumer Financial Protection Bureau is planning a Thursday morning announcement of new lending rules that it hopes will move the...
Jacob J. Lew, White House chief of staff, to get Treasury nod
WASHINGTON — President Obama on Thursday will nominate his chief of staff, Jacob J. Lew, a fiscal policy expert with deep Washington...
The day ahead in business
Reports: Initial unemployment claims for week ended Jan. 5, 7:30 a.m.; Wholesale inventories for November, 9 a.m. Mortgage rates for week...
Yum Brands apologizes for KFC chicken scare in China
Fast-food giant KFC's parent company, Yum Brands Inc., has apologized to Chinese consumers in connection with a tainted-chicken scare that...
Latina pioneer Solis resigning as labor secretary
WASHINGTON (Reuters) - Labor Secretary Hilda Solis, the first Latina to head a major federal agency, announced plans to resign on Wednesday,...
FCC to boost Wi-Fi speeds in airports, public places
Telecommunications regulators are planning a push to increase Wi-Fi speed in airports, convention centers and other major hubs where...
CES 2013 roundup: From a ring mouse to a $650 iPhone case
The Consumer Electronics Show has a dizzying array of tech accessories, but every once in a while, a few of those find a way to stand out....
Walgreen defends Express Scripts, Alliance Boots moves
Coming off a tumultuous year in which Walgreen lost millions of customers in a contract dispute with a pharmacy benefits manager, executives...
Redbox streaming/DVD service attracts 10K to test
Redbox Instant, the online-video service owned by Verizon Communications Inc. and Coinstar Inc., has signed 10,000 users to its public...
Chrysler's minority shareholder pushes for IPO
The minority owner of Chrysler Group LLC on Wednesday pushed the U.S. automaker to take the first step toward becoming a public company...
Senator renews bid to keep bankers off Fed boards
An outspoken Senate critic of the Federal Reserve said on Wednesday that he would reintroduce legislation to ban bankers from the...
Bears' Hester sells Gurnee home for $322K
EDITOR'S NOTE: STORY UPDATED TO REMOVE AN IMPROPERLY IDENTIFIED PROPERTY.
Labor chief Solis to leave Cabinet
U.S. Labor Secretary Hilda Solis, a long-time member of President Barack Obama's Cabinet and the first Latina to head a major federal...
CES 2013: Helpful emergency gadgets for seniors
LAS VEGAS -- Falls happen, even to the most balanced of us. But what if no one is around to help?Â
Supreme Court rules for Nike in trademark case
Nike Inc. won a victory at the U.S. Supreme Court barring a smaller rival from suing to void the company's trademark for its top-selling Air...
IRS watchdog urges simpler tax code to cut costs, confusion
U.S. tax breaks need to be pared back to spare taxpayers costs and complexity, according to an Internal Revenue Service watchdog report...
AIG decides not to join Greenberg suit against U.S.
American International Group Inc will not join a lawsuit against the U.S. government over the terms of the insurer's 2008 bailout, the...
SEC levels first post-crisis charges versus auditors
U.S. regulators on Wednesday accused a partner and a manager at accounting giant KPMG of failing to properly audit the books of a failed...
USDA declares drought disaster in much of Wheat Belt
WASHINGTON (Reuters) - The government declared much of the central and southern Wheat Belt a natural disaster area on Wednesday due to...
Boiler explosion shuts down ADM plant in Peoria
The Peoria Journal Star is reporting: Archer Daniels Midland has temporarily shut down operations at its corn processing...
Obama set to tap chief of staff Lew for Treasury
President Barack Obama will nominate White House chief of staff Jack Lew as his next Treasury secretary Thursday, replacing Timothy...
Motorola drops key patent claims against Microsoft
Google unit Motorola Mobility has asked a trade panel to drop two key patents from an infringement complaint that it filed against...
Nissan starts making Leaf in U.S., will offer lower-cost model
Nissan said Wednesday that it will offer a lower-priced version of its Leaf electric car this year and that it has begun making the Leaf and...
McDonald's targets Italy with 100 new stores, 3,000 jobs
Fastfood giant McDonald's believes recession-hit Italy will be one of its higher-growth areas in the coming decade and is opening more...
Wal-Mart to meet with Biden on guns
WASHINGTON – Representatives from Wal-Mart will meet with Vice President Joe Biden on Thursday to discuss gun policy, after...
Facebook rolling out Timeline changes, including redesign
Ready or not, changes are coming soon to your Facebook Timeline.
Emanuel names panel to foster tech sector diversity
Mayor Rahm Emanuel on Wednesday announced the formation of a Technology Industry Diversity Council to focus on creating more opportunities...
AbbVie sees no need for major acquisitions, CFO says
AbbVie Inc., the pharmaceutical company spun off by Abbott Laboratories, is unlikely to use its $7 billion cash balance for a large...
Metropoulos, Apollo may bid for Hostess snack business
Leon Black's private equity firm Apollo Global Management and veteran food executive C. Dean Metropoulos have teamed up to bid for...
The day ahead in business
Reports: MBA mortgage index for week ended Jan. 5, 6 a.m.; Crude inventories for week ended Jan. 5, 9:30 a.m.
