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Telephone and Data Systems buys Iowa company

From The Des Moines Register | Telephone and Data Systems Inc., the parent company of TDS Telecommunications Corp., has purchased the Iowa data center company TEAM Technologies, which has centers in Cedar Falls, the Des Moines metro area and Madison, Wis., for $47 million.

Tribune Co. asks bankruptcy judge for more time

Tribune Co., citing “vigorous negotiations” toward a new settlement with its creditors, asked the judge in its bankruptcy case for more time to work out a reorganization plan that “would maximize consensus” around a deal.

The move comes as the various bickering parties in the case realign their positions based on the findings contained in an independent examiner’s report studying claims surrounding the Chicago media conglomerate’s 2007 leveraged buyout.

That report, issued late last month, suggested that the $8.2 billion LBO orchestrated by Chicago real estate magnate Sam Zell may have rendered the company insolvent from Day 1, lending support to various creditors’ arguments. Get the full story »

Gadget census pits Chicago against D.C.

When President Barack Obama moved from Chicago to the White House, he also moved to an area with 53 percent more BlackBerries, according to a recent study that pits cities against one another in terms of the gadgets they use.

And if it seems like every hipster in Chicago is rocking out to streaming music at work and on the train, that’s because they are — 45 percent more than their counterparts in Washington, D.C. Compared to D.C., you also won’t see too many Chicagoans watching television on an iPhone or reading books on their gadgets: 66 percent more of us own three or more TVs and we have 50 percent fewer e-Readers per capital than our nation’s capital, according to the gadget census, conducted by, an electronics review and shopping site. Get the full story »