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Reuters News

Boeing launches new version of 787 with 102 orders

(Reuters) — Boeing Co. launched the 787-10 version of its flagship Dreamliner aircraft at the Paris Airshow today with 102 firm orders worth nearly $30 billion at list prices.

Sears spinoff files Chapter 11

(Reuters) — Orchard Supply Hardware Stores Corp has filed for Chapter 11 bankruptcy protection, court documents showed today, with rival retailer Lowe's Cos. set to buy the majority of its assets for $205 million in cash.

CDW expects to raise up to $738 million in IPO

(Reuters) — The tech products retailer expects to price shares at $20 to $23, according to a filing today.

Boeing set to confirm plans for larger 787

(Reuters) — Boeing Co. is poised to launch a larger member of its 787 Dreamliner jetliner family to meet demand for long-haul travel within Asia and other long-haul routes, sources told Reuters yesterday.

Strategic Hotels shares jump on possible sale

Shares in Strategic Hotels & Resorts Inc. rose 9.5 percent today, fueled by a report that the hotel owner has hired an adviser to explore a sale of the company.

Three firms bid for Allstate's Lincoln Benefit business

(Reuters) — British financial services firm Resolution Group and private equity firms TPG Capital and J.C. Flowers are bidding for Allstate Corp's Lincoln Benefit Life subsidiary, according to two people familiar with the situation.

Boeing, U.S. FAA defend approval of 787 Dreamliner

(Reuters) — Boeing and federal regulators told U.S. lawmakers on Wednesday they learned crucial lessons from the 787 Dreamliner's battery problems, but they defended the certification process as "quite robust" and safe enough.

Mondelez to take on Nespresso with own-brand coffee pods

(Reuters) — Mondelez International, the world's second-biggest coffee producer, is going head to head with Nestle by launching capsules compatible with its rival's Nespresso system to steal a share of the premium coffee market.

SEC fines optionsXpress, individuals $4.8 million for naked short sales

(Reuters) — A Securities and Exchange Commission judge has ordered optionsXpress, its former chief financial officer and a customer to pay a total of $4.8 million in fines and to return $4.2 million for illegally selling shares they did not hold.

Navistar posts wider 2Q loss on warranty charges

(Reuters) — Navistar International Corp posted a wider quarterly loss on Monday, attributing it to higher warranty costs and lower sales volumes.

KapStone Paper to buy Longview Fibre for $1.03 billion

(Reuters) — KapStone Paper and Packaging Corp said on Monday it struck a deal to buy Longview Fibre Paper and Packaging Inc for $1.03 billion in cash, in a move to bulk up its production of containerboard used in making cardboard boxes.

Motorola, Tivo reach settlement in patent spat

(Reuters) — Google's Motorola Mobility said it has reached an out-of-court settlement with video recorder pioneer TiVo Inc. that could avert a trial to resolve their patent dispute.

Aiming for chocolate that can take the heat

(Reuters) — Mondelez is close to introducing heat-resistant chocolate it can sell at market stalls in Africa and some of the world's hottest places, a senior executive said today.

Supreme Court strikes down ruling against Sears

(Reuters) — The U.S. Supreme Court today struck down an appeals court ruling that favored consumers who bought Sears, Roebuck and Co. front-loading washing machines.

JAL halts 787 flight after battery pressure sensor problem

(Reuters) — Japan Airlines Co. said it halted a scheduled 787 Dreamliner flight yesterday after engineers detected a faulty pressure sensor in one of its newly reinforced lithium-ion batteries, replacing the aircraft with an older 767.

CME Group fines, suspends Morgan Stanley head of rates

(Reuters) — CME Group Inc confirmed it fined Morgan Stanley's global head of rates on Friday over transactions in Treasury futures five years ago while he was employed by Goldman Sachs & Co.

Boeing to open design and support sites away from Seattle

(Reuters) — Boeing Co on Friday began a major move to spread its commercial aircraft engineering talent and aircraft support staff around the U.S., announcing plans for engineering design and airplane-support centers outside of the Seattle area.

Moody's warns Illinois rating could fall without pension reform

(Reuters) — Illinois' credit rating with Moody's Investors Service, already the lowest of any state, could fall if there is no legislative fix to address the state's huge public pension problem, an analyst at the credit rating agency said on Friday.

U.S. Midwest business barometer picks back up in May

(Reuters) — Business activity in the U.S. Midwest reaccelerated in May after contracting in April as measures of employment and new orders jumped, a report showed on Friday.

Boeing says new 737 model will burn less fuel than expected

(Reuters) — Boeing Co. said on Thursday it is confident its new 737 MAX passenger jet will burn 13 percent less fuel than current 737 models, a figure that exceeds earlier estimates.

FDA raises drug safety concerns at Hospira facility in India

(Reuters) — Hospira Inc. said it received a warning letter from the U.S. Food and Drug Administration raising concerns about contamination of drugs manufactured at its facility in India.

CME Group explores sale of NYMEX building

(Reuters) — CME Group Inc. said today it had hired firms to explore the sale of the New York Mercantile Exchange building, home to its energy trading floor.

General Growth eyes New York's Madison Avenue: sources

(Reuters) — General Growth Properties Inc. has paired with Brookfield Office Properties Inc. to bid for one of the most sought after Manhattan office buildings on the market, making what could be the mall owner's entry into the urban street retail real estate market, according to sources

Labs reject dramatic findings on cancer drug in Alzheimer's mice

(Reuters) — Several large companies have failed in late-stage clinical trials, with the most recent being Baxter International’ s drug Gammagard earlier this month.

Citadel, others sue exchanges for improper charges

(Reuters) — A group of investment firms including Citadel Securities LLC sued the Chicago Board Options Exchange Inc. and four other exchanges yesterday for improper charges on millions of options trades over a seven-year period.

Dover to spin off some comm tech businesses

(Reuters) — U.S. industrial conglomerate Dover Corp. said it will spin off some of its communication technologies businesses into a publicly traded company named Knowles Corp.

Court ruling favors Cubist in patent case vs. Hospira

(Reuters) — Cubist filed a patent infringement suit against Hospira last year, after Hospira indicated its intent to develop a generic version of Cubicin, Cubist Pharmaceuticals' lead drug.

Caterpillar, Milwaukee union to resume talks

(Reuters) — Caterpillar Inc. said late on Monday that it would resume contract talks with the union representing about 800 Milwaukee workers who make specialized mining machinery.

MF Global trustee liquidates broker's CME memberships

(Reuters) — The trustee liquidating MF Global has sold a collection of the bankrupt broker's CME Group memberships for amounts below recent selling prices, according to a list of transactions published by the exchange on Monday.

Yahoo to buy Tumblr for $1.1 billion

(AP) — Yahoo Inc. is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.

Date from ndlookup:20130618

SQL stmt: select * from (select top 1 dato from web.dbo.artikkler_status (nolock) where Avis = 'CG' and Kategori like 'news%' and Dato < 20130618 and status = 9 order by Dato desc) as x UNION ALL select * from (select top 1 dato from web.dbo.artikkler_status (nolock) where Avis = 'CG' and Kategori like 'news%' and Dato > 20130618 and status = 9 order by Dato asc) as y

Previous Day | June 18, 2013
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5 = Chicago Daily News Headlines for May 30, 2013 - Crain's Chicago Business