Today at 9:34 a.m.
Filed under:
Housing,
Mortgages,
Real estate,
Updated
By Mary Ellen Podmolik
"For sale" signs line a Chicago street. (Nancy Stone, Chicago Tribune)
The median price of a condominium sold in Chicago last month beat its year-ago comparison for the first time in two and a half years, new data shows.
The median price of a condo within the city rose to $275,000, up 2.8 percent from $267,500 a year ago, according to a monthly sales report released Wednesday by the Illinois Association of Realtors. The last time Chicago condo prices recorded a year-over-year gain was in October 2008, when the median sales price of $315,000 was a 3.3 percent gain from October 2007. Get the full story »
Yesterday at 4:55 p.m.
Filed under:
Food,
Investigations,
Updated
By Ellen Gabler | The Federal Trade Commission has filed suit against 10 companies the agency says are using fake news websites to market acai berry weight-loss products.
The FTC said the defendants operate websites that seem like legitimate news-gathering sites, but actually promote deceptive advertisements that urge consumers to buy acai berry products. Get the full story »
Yesterday at 3:33 p.m.
Filed under:
Economy,
Investing,
Updated
By Associated Press
Gold prices topped $1,500 an ounce Tuesday as investors looked for more stable assets because of worries about U.S. government debt, European financial problems and inflation. Get the full story »
Yesterday at 10:27 a.m.
Filed under:
Airplanes,
Updated
By Reuters
NASA divided up more than $269 million on Monday among several companies vying to build commercial spaceships to carry astronauts to the International Space Station, the space agency said. Get the full story »
By Dow Jones Newswires
Samsung's Galaxy Tab, one of the company's devices drawing scrutiny from Apple. (Denis Doyle/Bloomberg)
Apple Inc. filed a lawsuit claiming Samsung Electronics Co. Ltd. copied the look and feel of its popular iPhone smartphones and iPad tablet computers, the latest in a series of legal skirmishes that underscore the increasingly high stakes of the mobile computing market.
The lawsuit, filed on April 15, alleged that Samsung’s smartphones, including the “Galaxy S 4G,” “Epic 4G,” “Nexus S” and its “Galaxy Tab” touchscreen tablet, violate Apple’s intellectual property. The 38-page lawsuit was filed in the U.S. court’s northern California district. Get the full story »
Monday at 5:37 p.m.
Filed under:
Economy,
Government,
Updated
By Reuters
Standard & Poor’s threatened Monday to downgrade the United States’ prized AAA credit rating unless the Obama administration and Congress find a way to slash the yawning federal budget deficit within two years. Get the full story »
Monday at 9:16 a.m.
Filed under:
Stock activity,
Updated
By Reuters
U.S. stocks slid on Monday, with the Nasdaq falling 2 percent, after ratings agency Standard & Poor’s cut its long-term outlook on the United States and another step by China to stem growth reignited worries about the global economy. Get the full story »
Thursday at 5:40 p.m.
Filed under:
Health care,
Updated
By Bruce Japsen
The federal government threatened to strip a key financial lifeline at University of Chicago Medical Center in the wake of a medical error that contributed to the death last month of Chicago Sun-Times Chairman James Tyree. Get the full story »
Thursday at 11:36 a.m.
Filed under:
Economy,
Policy,
Politics,
Updated
By Reuters
The recent surge in oil prices is no prelude to broader price increases that would force the U.S. Federal Reserve to raise interest rates, two top Fed officials said on Thursday. Get the full story »
Thursday at 11:35 a.m.
Filed under:
Food,
Packaged foods,
Updated
By Tribune newspapers
A shopper outside of a Jewel-Osco at 370 N. Desplaines in Chicago. (Chicago Tribune photo by Antonio Perez)
Stock for SuperValu Inc., the Minneapolis-based grocery giant that owns Jewel-Osco, soared 20 percent Thursday when the company’s full-year income fell less than expected — despite poor performance in the Chicago and Northeast markets.
The company was able to stem its drop in gross margins, helped by better timing of special offers and more financial backing for deals from vendors. Get the full story »
Thursday at 11:20 a.m.
Filed under:
Food,
IPOs,
Restaurants,
Updated
By Reuters
Shares of Arcos Dorados Holdings, a large South American franchisee of fast-food chain McDonald’s, rose 27 percent in their stock market debut as investors clamored for exposure to the famous brand in a region with booming consumer spending. Get the full story »
April 13 at 4:13 p.m.
Filed under:
Retail,
Updated
By Sandra M. Jones
Wal-Mart Stores Inc. is in talks to open a Walmart Express convenience store in River North, according to real estate sources.
The world’s largest retailer is eyeing a location at 225 W. Chicago Ave. at the corner of Franklin Avenue, which formerly housed Pearl, the discount art supply store. Get the full story »
April 13 at 3:17 p.m.
Filed under:
China,
International,
Litigation,
Updated
By Wailin Wong
Motorola Solutions Inc. and Huawei Technologies Co. said Wednesday they have agreed to settle all pending litigation between the companies. Get the full story »
April 13 at 2:42 p.m.
Filed under:
Magazines,
Media,
Updated
By Mary Ellen Podmolik
Jimmy Jellinek in 2010. (Chicago Magazine)
Playboy Enterprises on Wednesday sought to downplay speculation that its headquarters were headed for the West Coast, despite the fact that its editorial director is moving there.
Jimmy Jellinek, editorial director and chief content officer, posted on Facebook this morning that he was moving to Los Angeles in August. Shortly thereafter, the post was taken down, according to Time out Chicago. Get the full story »
April 12 at 5:45 p.m.
Filed under:
Banking,
Updated
By Becky Yerak
First Chicago Bank & Trust, which has been operating under regulatory scrutiny for more than a year, is “significantly undercapitalized” and has until early June to raise enough money to be considered “adequately capitalized,” according to an April 7 agreement between the Federal Reserve and the $1.02 billion-asset institution. Get the full story »
