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Jackson was energetic, upbeat ahead of London tour

Daily Herald Top 5 - Sat, 06/27/2009 - 00:00
The King of Pop seemed driven and upbeat in the weeks, even hours, before his death as he rehearsed rigorously for a series of 50 concerts in London that were to begin a late-career comeback.

May incomes surge, but savings outpace spending

Daily Herald business - Fri, 06/26/2009 - 12:42
Households pushed their savings rate to the highest level in more than 15 years in May as a big boost in incomes from the government's stimulus program was devoted more to bolstering nest eggs than increased spending.

Hartmarx sale to British private equity firm approved

Daily Herald business - Fri, 06/26/2009 - 08:15
Hartmarx Corp., the bankrupt U.S. suitmaker that fought Wells Fargo & Co. to avoid liquidation, won court approval to sell itself to British private-equity firm Emerisque Brands U.K., U.S. Representative Phil Hare said.

Qantas cancels orders for 15 Boeing 787s

Daily Herald business - Fri, 06/26/2009 - 08:08
Australia's Qantas Airways Ltd. said Friday it had canceled orders for 15 Boeing 787s and delayed the delivery of a further 15 aircraft due to turbulent market conditions.

Oil above $71 as rebels attack Nigerian facility

Daily Herald business - Fri, 06/26/2009 - 07:21
Oil prices rose above $71 a barrel Friday as renewed attacks on oil facilities in Nigeria raised supply concerns and as the dollar slipped further against the euro, drawing investors into commodities.

Stocks end mixed as savings rate jumps

Daily Herald business - Fri, 06/26/2009 - 07:19
Stocks ended mixed Friday after the Commerce Department reported that personal spending, incomes and savings all rose in May. What troubled investors was that the savings rate soared to 6.9 percent, a 15-year high, while spending rose by a more modest 0.3 percent.

Rising commodity prices boost European markets

Daily Herald business - Fri, 06/26/2009 - 07:17
Rising commodity prices pushed European markets higher on Friday, but gains were trimmed ahead of an expected weak opening on Wall Street.

Cubs-Sox tickets still left online, with lower prices than last year

Daily Herald business - Fri, 06/26/2009 - 00:00
Fans eager to attend the Cubs-White Sox games at U.S. Cellular this weekend are likely surfing the online ticket re-sellers, where thousands of tickets are still available and at lower prices compared to last year.

Magistrate sets bond for Stanford, delays release

Daily Herald business - Fri, 06/26/2009 - 00:00
A federal magistrate judge set bond at $500,000 Thursday for Texas billionaire R. Allen Stanford but delayed her order until Friday to give prosecutors time to appeal her decision.

US panel probes 2 incidents involving Airbus A330s

Daily Herald business - Fri, 06/26/2009 - 00:00
U.S. safety officials said Thursday they are investigating two incidents in which airspeed and altitude indications in the cockpits of Airbus A330 planes may have malfunctioned.

Southwest means business as it comes to New York

Daily Herald business - Fri, 06/26/2009 - 00:00
LaGuardia Airport is the smallest of the three major airports in the New York area, with just two main runways. Planes often sit in long lines on the tarmac, waiting their turn to take off.

Source: GM to build small car in Michigan

Daily Herald business - Fri, 06/26/2009 - 00:00
Michigan has won the high-stakes competition with two other states to build General Motors Corp.'s next-generation subcompact car, a person briefed on the decision said Thursday.

OfficeMax honored by national group

Daily Herald business - Fri, 06/26/2009 - 00:00
OfficeMax, a provider of office supplies and services, Thursday announced that it has been named the 2009 Corporate Partner of the Year by the National Association of Women Business Owners. NAWBO recognized OfficeMax for advancing women-owned businesses.

Buying tickets online

Daily Herald business - Fri, 06/26/2009 - 00:00
Buying sports tickets from an individual is risky. Buying tickets online through a re-seller can provide some level of security for consumers, especially if the re-seller is a member of the National Association of Ticket Brokers, which is managed in Wheaton. Here are some do's and don'ts when buying online:

Zurich CEO Foley receives award

Daily Herald business - Fri, 06/26/2009 - 00:00
Zurich, a leading property and casualty insurance provider and Mike Foley, CEO of Zurich North America Commercial, will receive the 2009 Jane Addams Legacy Award from Jane Addams Hull House Association.

Senate confirms 2 for FCC

Daily Herald business - Fri, 06/26/2009 - 00:00
The Senate on Thursday confirmed Julius Genachowski as head of the Federal Communications Commission and Robert McDowell for a second FCC term.

Bank of England: no bank 'too big to fail'

Daily Herald business - Fri, 06/26/2009 - 00:00
The Bank of England warned Friday that Britain's banks are far from getting a clean bill of health despite signs of improvement in the economy and in financial markets -- and said that no bank should be too big to fail.

UBS expects to raise $3.5 bil in new capital

Daily Herald business - Fri, 06/26/2009 - 00:00
Swiss bank UBS AG said Thursday it expects to raise 3.8 billion Swiss francs ($3.5 billion) through a new share issue.

New legislation challenges Harper degree program

Daily Herald Top 5 - Mon, 05/18/2009 - 17:55
Supporters of a Harper College pilot program to award bachelor's degrees say they have the votes to win state Senate approval of the program this week. But the fight over whether students should be able to earn a bachelor's degree at an Illinois community college may just be starting.

Citgo says operations unaffected by Lemont refinery fire

Daily Herald business - Mon, 05/18/2009 - 17:53
Citgo Petroleum Corp. said operations at its Lemont refinery were unaffected by a fire on a conveyor belt that carries petroleum coke to Oxbow Corp.
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