Chicago Business News for March 13, 2013

Inland's Dan Goodwin at next Crain's Real Estate Forum

The event is scheduled for April 10 at the Chicago Club.

Wal-Mart sues over River North liquor license denial

The retailer wants a judge to overturn rulings from licensing bodies denying its application to sell alcohol at its Wal-Mart Express at 225 W. Chicago Ave.

McDonald's to roll out yolk-free Egg McMuffin

(AP) — McDonald's is rolling out a yolk-free version of its Egg McMuffin this spring.

Mag Mile retail space sells for more than $86 million

Acadia Realty Trust bought the two-level, 18,000-square-foot space in the Ritz-Carlton Residences.

Discover Financial hits all-time high on outlook

(AP) — Shares of Discover Financial Services hit an all-time high Wednesday on analyst predictions of better-than-expected profits for this year and next.

Slideshow

A facelift for the Wrigley Building

One of Chicago's iconic buildings has completed the first phase of renovation, and two 1920s chandeliers that had gone missing are back in their rightful places.

Illinois Speaker Madigan supports fracking moratorium

(AP) — Illinois House Speaker Michael Madigan says he supports a moratorium on hydraulic fracturing over legislation calling for regulations on the practice.

U.S. retail sales post biggest rise in 5 months

(AP) — Americans spent at the fastest pace in five months in February, boosting retail spending 1.1 percent compared with January.

Mondelez OKs $1.2 billion in stock buybacks

(AP) — Mondelez International Inc., the maker of Oreo cookies and other snack brands, said Wednesday that its board authorized stock buybacks that could total $1.2 billion.

Air and Water Show a victim of federal budget snarls

(AP) — One of Chicago's summer events highlights will lose two of its star attractions this year because of federal budget cuts.

Morning 10: Wrigley makeover | Wal-Mart vs. Chicago | Tribune Co. play?

Even as the battle over renovation of Wrigley Field continues, Chicago's other Wrigley landmark, the Wrigley Building, is undergoing dramatic change. For one thing, chandeliers missing for decades are back in the building lobby. Coming: an open-air shopping arcade between the building's two

Motor Row developer loses Cheap Trick club, dinner theater

The scuttled deals represent a setback for the city, which wants to attract restaurants and nightclubs to the landmark district.

Schaumburg shopping center lands in bankruptcy, staving off foreclosure

A venture that includes Steve Homatas and George Kalkounos, owner of Chicago Prime Steakhouse, filed the bankruptcy petition one day before a court-ordered auction of the Shoppes at Prime Village.

Australian investor sells one suburban office building, faces loan trouble at another

The properties point to the challenges suburban office landlords continue to face in the wake of the financial crisis and recession.

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