Last Update: March 9 @ 5:54 PM
National Headlines
AP - From the start, David Letterman made sure the story of a $2 million shakedown attempt over his sex life was one he narrated himself.
AP - China's exports rose in February in a new sign of growing global demand that could help persuade officials to let the Chinese currency rise.
AP - Rich countries must strengthen financial market regulation and bring down their oversized government deficits, two of the biggest new challenges to have arisen from the global economic crisis, the OECD said Wednesday.
AP - Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.
AP - Legislation blending help for the jobless with popular tax breaks for businesses and individuals is slated to pass the Senate Wednesday over protests from conservatives who say it adds too much to the $12.5 trillion national debt.
AP - World stock markets traded in a narrow range Wednesday as investors looked for renewed direction, while the British pound continued to founder following unimpressive industrial output figures.
AP - Greek unions say nationwide strikes will shut down all public services, closing schools, customs and tax offices, halting public transport and grounding flights for 24 hours.
Reuters - Oil failed to find momentum in either direction for a clear move away from $81.50 on Wednesday as investors waited for data on U.S. stocks or OPEC's monthly report ahead of next week's meeting to provide impetus.
AP - Germany energy company E.On AG said Wednesday that 2009 net income rose sharply to euro8.4 billion ($11.4 billion) partly as a result of the disposal of assets.
AP - Before he called 911, James Sikes says he reached down with his hand to loosen the "stuck" accelerator on his 2008 Toyota Prius, his other hand on the steering wheel. The pedal didn't move.
AP - It was 2005 when Bruce Barcomb received the call he'd been awaiting for nearly three decades: Police had finally identified the man who raped and murdered his little sister in a remote canyon on a dark night in 1977.
AP - Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell.
AP - An indictment against a suburban Philadelphia woman accused of recruiting jihadist fighters online and moving to Europe to try to kill a Swedish artist is a rare case of an American woman aiding foreign terrorists, authorities say, and shows the evolution of the threat of terrorism.
AP - Highlights of Senate legislation extending unemployment insurance and expired tax breaks:
AP - At least a dozen couples tied the knot in the District of Columbia on the first day same-sex ceremonies were legally allowed, and many more unions were on the way.
AP - A former aide to John Edwards has been given until Friday to provide a judge with a full explanation of how he handled materials including a videotape purportedly showing the two-time presidential candidate in a sexual encounter.
AP - Texas' state education board, rocked by primary elections that may push the influential panel's far-right leanings toward the center, is set to take its first vote on a new social studies curriculum that could reverberate in classrooms nationwide.
AFP - GM Daewoo, the South Korean unit of struggling US auto giant General Motors, said Wednesday it intends to return to profit this year and currently needs no further financial support from creditors.
AP - The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai have soared, putting home purchases out of reach for white collar workers and professionals.
General Growth Properties Inc. — owner of Park Meadows and Southwest Plaza in the Denver area — has received proposals to receive an additional $3.9 billion from two separate investment firms, an infusion of capital the company hopes will help speed its re-emergence from Chapter 11 bankruptcy protection.
AP - Doris "Granny D" Haddock, a New Hampshire woman who walked across the country at age 89 to promote campaign finance reform and later waged a quixotic campaign for U.S. Senate, has died. She was 100.
Denver is the No. 4 U.S. medium- or large-sized city for telecommuting, according to a new survey of 3,600 workers in 36 markets. (MSFT)
HITT Contracting Inc. will design and build a stimulus-funded $62 million, 110,000-square-foot data center for the General Services Administration in Lakewood.
A bankruptcy court judge Tuesday approved the sale of the East Valley Tribune and other Phoenix-area media holdings Tuesday to a Colorado company for $2.05 million.
AP - U.S. Chief Justice John Roberts said Tuesday the scene at President Barack Obama's first State of the Union address was "very troubling" and that the annual speech to Congress has "degenerated into a political pep rally."
AP - Authorities say all six people killed in last week's pre-dawn bus crash on an Arizona interstate were Mexican citizens.
AP - Hundreds of construction workers raised a rallying cry of "Build it now!" on Tuesday, gathering with elected officials at the World Trade Center site to urge a quick rebuilding of the complex.
AP - An Ohio State University janitor who was about to lose his job walked into a maintenance building for his early morning shift Tuesday and shot two supervisors, killing one of them and fatally shooting himself. No students were hurt.
Andrew Frank, a longtime economic developer leader for Baltimore City, has resigned his post as the city’s deputy mayor for a job with Johns Hopkins University, Mayor Stephanie Rawlings-Blake said Tuesday night.
AP - Dollar General Corp. has filed a federal lawsuit against rival discount chain Fred's Inc., claiming the smaller company is using its trademark yellow and black colors.
AP - A decade-old probation report on a sex offender accused of murdering California teenager Chelsea King contained a psychiatrist's conclusion that the defendant had "significant predatory traits" toward underage girls and should be kept in prison for as long as possible.
AP - The beleaguered global warming panel has found an outside group to review how it writes its reports.
AP - A challenger to Louisiana Sen. David Vitter filed an ethics complaint Tuesday, claiming a fundraising letter for the Republican incumbent's campaign makes illegal use of a government emblem.
(AP) — Truck and engine maker Navistar International Corp. on Tuesday reported sharply lower first-quarter profit, missing Wall Street targets amid a decline in sales to military customers. The company also gave a full-year profit forecast that fell short of analysts' expectations. Shares ...
AP - A ring accused of helping people from the Middle East obtain student visas by taking their proficiency exams and classes has exposed vulnerability in the nation's security tracking system for foreigners who attend U.S. schools, experts said Tuesday.
AP - Greece is a financial basket case, begging for international help. Is America heading down that same road?
AP - Chip maker Texas Instruments Inc.'s CEO's compensation edged up in 2009, according to calculations by the Associated Press, a recession year that proved difficult for the chipmaker.
AP - A lovesick graduate student from China who slipped under a rope barrier at Newark Liberty International Airport to say goodbye to his girlfriend, prompting a security breach and leading to worldwide flight delays, pleaded guilty to a misdemeanor charge Tuesday and apologized publicly for the first time.
AP - A Texas judge criticized for declaring the death penalty unconstitutional took back his controversial ruling Tuesday but scheduled a hearing for next month to hear evidence on the issue.
(Reuters) — Facet Biotech Corp. has agreed to be acquired by Abbott Laboratories for $27 a share, topping a hostile offer of $17.50 a share made last year by Biogen Idec Inc. Shares of Facet rose 67 percent after the announcement. Abbott and Facet said on Tuesday that the cash deal will ...
The city of Alexandria has been indefinitely shut out of Verizon’s popular Fios television and Internet network, as the company has stopped expansion nationwide of its fiber-optic network.
(Reuters) — The chief executive of Caterpillar Inc. on Tuesday forecast a 3.4-percent increase in U.S. and global GDP in 2010, a forecast that is slightly higher than recent consensus estimates. Jim Owens, head of the world's largest maker of construction and mining equipment, also warned ...
Drexel University appears likely to name a new president Wednesday.
The number of medical residents training in New Jersey who plan to practice medicine in the state dropped again last year by an additional 15 percent, causing the New Jersey Council of Teaching Hospitals to increase its projected shortfall of physicians to 3,250 over the next 10 years.
A group of former executives from Colonial Bank’s Texas operations has signed a deal to acquire Professional Bank, N.A., a Dallas-based community bank.
Fairfax-based government IT consulting firm ICF International Inc. reported higher fourth-quarter sales and earnings and raised its full-year forecast after completing an acquisition. (ICFI)
The Dow posted a modest gain Tuesday. In Colorado, Delta Petroleum and Kodiak Oil & Gas led actively traded gainers.
Johns Hopkins University has unveiled its vision for its planned Belward Research Campus in Rockville, a key anchor for Montgomery County’s massive Science City vision and one that the university said takes into account concerns from nearby residents about over-development in the area.
National sales of craft beer grew 10.3 percent in 2009, despite the fact that overall beer sales in the United States fell by 2.2 percent, according to figures released Tuesday by the Brewers Association.
The Town of North Hempstead will roll out a mass notification service on Friday that will deliver municipal alerts to Port Washington-area residents and business owners. The system, called NorthShoreAlert, let officials quickly communicate with residents and businesses during time-sensitive situations such as severe storms as well as delivers updates from a variety of community [...]
(AP) — BioSante Pharmaceuticals Inc. said Tuesday it closed a direct sale of stock and options to two institutional investors, raising $17.5 million. On Thursday, the company said Great Point Partners LLC and Deerfield Management Company would buy a total of 10.4 million shares and warrants ...
United Airlines had the best on-time arrival rate at Denver International Airport in January of the three airlines carrying the most passengers at DIA, narrowly edging out Frontier Airlines, according to the U.S. Department of Transportation’s latest Air Travel Consumer Report.
The Boston Beer Co. Inc., brewer of Sam Adams-branded lagers, doled out roughly $1 million in bonuses as well as an across-the-board salary increase to its senior executives and chairman amid an improved operating outlook for the company.
Shares of Systemax Inc., an electronics retailer, shot higher Tuesday after the company said its fourth-quarter earnings jumped 84 percent. The company said it has benefited from recent acquisitions as well as bargain-hunting holiday shoppers. Janney Capital Markets reiterated a "Buy" rating on the company in a note Tuesday, predicting double-digit revenue [...]
Kroger Co.'s fourth quarter 2009 profit slipped 27 percent, but the grocer — parent of Colorado's King Soopers, the state's largest supermarket chain, and City Market — still finished above Wall Street’s outlook for both quarterly sales and net income. (KR)
Virginia television executive Peter Maroney has been picked to oversee Denver stations KDVR-Channel 31 and KWGN-Channel 2. (NWS)
(Crain’s) — Sun-Times Media Holdings LLC CEO Jeremy Halbreich said the company is pressing ahead with an investment of more than $5 million to upgrade the company’s technology for both print and Web content and back-office operations. But the improvements may costs some jobs, he said. ...
AP - A grand jury indicted four members of an assisted suicide group Tuesday on charges they helped a 58-year-old man with cancer kill himself, clearing the way for a trial that could not only decide their fate but also help validate — or repudiate — their work.
Optimal Solutions Integration Inc., a North Texas consulting shop specializing in software from Europe's SAP, has acquired an East Coast company called Budgetec LLC.
Frontier Airlines said Tuesday it will extend its summer service from Denver International Airport to Anchorage, Alaska, by three weeks longer than originally planned.
Shareholders of oil and gas companies Denbury Resources Inc. and Encore Acquisition Co. both approved Denbury's planned acquisition of Encore on Tuesday. (ENP)
(Crain’s) — United Airlines was No. 1 in on-time arrivals among major carriers in January, its third month in a row topping that ranking, according to the Bureau of Transportation Statistics. United flights arrived on time 83.7% of the time in January, topping Continental Airlines at 82.3% ...
(Crain’s) – Rush University Medical Center has agreed to pay $1.5 million to settle a lawsuit alleging that it violated rules in dealings with some physicians groups, the U.S. Justice Department said Tuesday. The lawsuit, filed in 2004, alleged that Rush violated federal Medicare rules ...
Conservative Democrat Steve Levy says he's met in Albany with as many as 20 Republican leaders as he considers a run across party lines for governor. Levy tells The Associated Press he was encouraged by the meeting, which he said was requested by the leaders from around the state. Levy is the [...]
MTA Chairman Jay Walder wants to save money by streamlining mass transportation administrative functions. That’s good news. The bad news is that, in the process, he could alter the Long Island Rail Road’s specific focus on meeting the unique needs of the Long Island commuter by shifting many of the LIRR’s functions into the MTA’s [...]
A daily roundup of senior-level executive hires and board appointments: Tuesday, March 9
Take a tip from Oprah, Martha Stewart or even Donald Trump. Personal branding works. When Oprah recommends a book, it rockets to the top of the best-seller lists. When Martha pulls out her glue gun, the shelves of craft stores are left bare and when The Donald puts out the word, investors line up to [...]
A new title coming out of Timonium’s Big Huge Games will be published by gaming industry leader Electronic Arts. (ERTS)
St. Joseph Medical Center has notified another 169 former cardiac patients that they may have been unnecessarily implanted with coronary stents by Dr. Mark G. Midei, and more letters could be mailed soon.
A group of state health agencies is moving to Quincy from Boston under a lease made public Tuesday.
Globecomm Systems has been notified of a contract extention worth $34.2 million, the sattelite communications company said Tuesday. The contract from a "major U.S. government prime contractor" is valued at up to $127 million over four years, Globecomm said. With the new extension the customer, which was not made public, has [...]
Jim Williams, the head of Federal Acquisition Service at the General Services Administration, will retire April 3.
Black & Decker Corp. said Tuesday that a “private business relationship” in a Utah real estate project between a Black & Decker director and CEO Nolan D. Archibald had no influence on the board’s vote in favor of a merger with Stanley Works, a deal from which Archibald himself stands to benefit. (BDK) (SWK)
Baltimore has been awarded $300,000 to assist 60 low-income families become first-time homebuyers.
General Growth Properties Inc., the owner and operator of several North Texas malls, said its biggest debt and equity holders have offered to invest $3.93 billion in the company, further fending off a competing offer from megamall owner Simon Property Group Inc.
Candy retailer Sugar Heaven is set to open an expanded location on Boston’s Boylston Street.
Boston is the top U.S. medium-sized or large city for telecommuting, according to a new survey of 3,600 workers in 36 markets.
Johns Hopkins University has unveiled its vision for its planned Belward Research Campus in Rockville, a key anchor for Montgomery County’s massive Science City vision and one that the university said takes into account concerns from nearby residents about over-development in the area.
AP - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday.
The Society of American Business Editors and Writers has named the Dallas Business Journal’s Web site as one of the top business news sites in country, in its 15th annual Best in Business journalism awards competition.
Tasty Baking Co. said Tuesday it had a wider fourth-quarter loss than a year ago. (TSTY)
Southwest Airlines Co. is still interested in expanding its presence at LaGuardia Airport in New York. (LUV)
The Dana-Farber Cancer Institute said positive gains within its investment portfolio and the reclassification of some $39 million in restricted net assets helped propel it into the black in the quarter ended Dec. 31.
The president of Acme Markets will leave the company at week’s end, the company said Tuesday.
Hundreds of Long Island environmental advocates, elected officials and the public over the past few days have been stepping up rallies against Gov. David Paterson’s proposed budget cuts that would lead to the closing of nearly a dozen Long Island parks and end the state’s spending on land preservation. About 250 elected officials, advocates and the [...]
Days after Human Genome Sciences Inc.’s chief financial officer stepped down, the Rockville biotech has named a board member as his replacement, effective March 22. (HGSI)
A veteran casino executive has been tapped to oversee the state’s slots parlor at Ocean Downs Racetrack in Worcester County.
Builders in a dozen D.C. neighborhoods are eligible to apply for up to $145,000 in pre-development grant money through the D.C. Neighborhood Investment Fund.
General Growth Properties Inc. has received proposals to receive an additional $3.9 billion from two separate investment firms, an infusion of capital the company hopes will help speed its reemergence from Chapter 11 bankruptcy protection. (GGP) (SPG)
With Newsday now moved out of the Alicia Patterson Building on Dershon Road in Melville, the newspaper’s former owner, Tribune Co., has put the 186,145-square-foot building up for sale. Phil D'Avanzo of Cushman & Wakefield has the listing for the 18-acre property, offered for $16.5 million. D’Avanzo said the one-story building has 40,000 square feet of [...]
(Crain's) — Time Out Chicago recently celebrated its fifth anniversary with a new ownership structure that severs nearly all ties to the New York magazine that helped get it off the ground. Joe Mansueto, founder and CEO of Chicago-based financial research firm Morningstar Inc., has gone ...
Ciena Corp. has sold $375 million in bonds — $125 million more than the Linthicum technology company had originally planned — because of high demand from investors. (CIEN)
Upscale retailer Neiman Marcus Inc. posted a 26-week profit of $12.5 million, reversing course from a net loss of $496.3 million a year earlier.
Johns Hopkins University School of Medicine has won a $9.7 million grant to study ways of improving cardiovascular health among black patients.
Ciena Corp. has sold $375 million in bonds — $125 million more than originally planned — because of high demand from investors. (CIEN)
Comcast-Spectacor finalized its acquisition of Paciolan, a provider of venue ticketing software, from a subsidiary of Live Nation Entertainment.
Penn Virginia Resource Partners LP and Penn Virginia GP Holdings LP said Tuesday that William H. Shea has been named the CEO of both of their general partners and the president of the general partner of Penn Virginia GP Holdings. (PVA) (PVG) (PVR)
(Crain's) — R.J. O'Brien & Associates Inc., the largest independent futures brokerage firm in the United States, is opening a Houston office to focus on the energy brokerage business. The privately owned broker said in a news release Tuesday that it has hired Steffen van Keppel and Tod ...
Herndon-based Internet service provider RCN Corp., in the process of being acquired in a $1.2 billion deal, reported a smaller quarterly loss and an increase in quarterly revenue. (RCNI)
A British pub and restaurant chain has signed a lease for space on the ground floor of 1 E. Pratt St. downtown.
Arlington-based Ideal Innovations Inc., one of a dozen companies competing for nearly $500 million in Army biometrics work over the next five years, has been awarded a contract worth as much as $30.5 million with the Army’s Biometrics Task Force.
The New York Firemen’s Association plans to hold its annual convention on Long Island in August, drawing an estimated 2,000 people to Hauppauge. Sessions include a presentation by U.S. Fire Administrator Kelvin Cochran and training on such topics as “Vehicle Fires … A Tactical Approach to the Unknown.” The association’s Ladies Auxiliary will also meet during [...]
If the case of a disgruntled financial services client who opened fire against his financial advisers in North Dallas can teach us anything, it’s that workplaces should not ignore threats or unusual behavior exhibited by employees and clients.
AFP - The FTSE 100 stock exchange slipped fractionally on Tuesday after a bout of cautious trading due to uncertainty over Europe's economic outlook and poor earnings reports, analysts said.
General Growth Properties Inc., owner of Neshaminy Mall in Bensalem, Pa., and Christiana Mall in Delaware, said its biggest debt and equity holders offered to jointly invest $3.93 billion in the company, bolstering a plan with Brookfield Asset Management Inc. to bring the mall owner out of bankruptcy. (SPG)
(Crain's) — Like Broadway Bank’s owners, the holding company for failed Corus Bank will be getting a big tax refund from the federal government. But unlike the Giannoulias family — sole owners of Chicago-based Broadway, which will fail without an $85-million capital infusion — ...
Dallas-based multifamily property management company Riverstone Residential Group has named 21-year industry veteran Terry Danner as president.
Roughly a week after predicting 20 percent revenue growth for the current fiscal year, network equipment maker and services provider Netezza Corp. has set hefty executive bonus targets that largely hinge on the company's top-line expansion. (NZ)
Oil prices dropped sharply to below $81 a barrel Tuesday, due to a stronger dollar and profit taking on a monthlong run fueled by growing investor optimism about global economic growth. By early afternoon in Europe, benchmark crude for April delivery was down $1.40 to $80.47 a barrel in electronic trading [...]
Commercial real estate rising star and top producer Ben Appleby has joined PM Realty Group's Dallas-area operations.
(Reuters) — New York area drugstore chain Duane Reade Holdings Inc posted a smaller quarterly operating loss and improved margins, while its net loss widened on charges. The privately held chain issued its fourth-quarter results on Tuesday, just weeks after it agreed to a takeover by U.S. ...
Harleysville National Corp. said the closing of its planned acquisition by First Niagara Financial Group will be pushed back from the end of this month to sometime in the second quarter. (FNFG) (HNBC)
Venture capital investments in mobile technology companies fell precipitously in 2009, according to a new report issued this week by the industry group Mobile Monday Boston. According to the report, investors put $ 338.65 million into mobile startups in 2009, down 40 percent from 2008’s total of $565.28 million.
(Reuters) — Chicago-based CME, the world's largest derivatives exchange, is set to launch a U.S. dollar-based palm oil contract in May as global demand for the tropical oil heats up. Some analysts fear the new contracts could prompt speculative funds to push up prices of palm oil, which is ...
Sterling Banks Inc. said its revised second-quarter 2009 loss was $9 million higher than originally calculated. (STBK)
Dr. Phillip Frost has been appointed chairman of Teva Pharmaceutical Industries’ board of directors. (TEVA)
Defense contractor Raytheon Co. said Jon C. Jones, the president of its space and airborne systems division, died this past weekend of an apparent heart attack. He was 55. (RTN)
BusinessWeek - Notre Dame's Mendoza College of Business (Mendoza Undergraduate Profile) took the top spot in the Bloomberg BusinessWeek ranking of undergraduate business programs for the first time this year. Students praised the program for its values and strong alumni network. And there were many other surprises for undergraduate business programs in 2010. Bloomberg BusinessWeek editors Louis Lavelle and Geoff Gloeckler recently revealed the top 50 programs and answered questions about the ranking from reporter Francesca Di Meglio (FrancescaBW) and readers during a live chat event. ...
(Crain’s) — Hiring among Chicago-area employers will edge higher during the second quarter, according to a survey by employment services firm Manpower Inc. About 18% of the companies surveyed in the Chicago-Naperville-Joliet area said they will add workers during the April-June period, the ...
(Crain's) — United Airlines’ revenue per seat mile rebounded strongly in February as the airline continued to shed capacity even as travelers slowly returned to the air. United’s revenue per available seat mile surged about 18% from dismal levels a year ago, during the worst of the ...
Drug developers Biogen Idec and Roche have spiked a late-stage rheumatoid arthritis drug trial amid concerns by a review panel that the treatment may in rare cases cause fatal infections. (BIIB)
(Crain's) — Chicago Reader Publisher James Warren will step down after only about four months on the job in the wake of the mid-November appointment of Marty Petty as chief executive of the weekly newspaper’s parent company, Tampa-based Creative Loafing Inc. Richard Gilbert, who was ...
(AP) — Some Chicago Police officers are alleging in a lawsuit that their pension board is illegally denying them retirement benefits because it isn't giving them credit for time they worked as Cook County Sheriff's deputies or in the county jail. The federal class action lawsuit was filed ...
(Reuters) - Northrop Grumman Corp. said it would not bid in the U.S. Air Force's multibillion-dollar aerial tanker competition after concluding the rules favored Boeing Co's smaller 767-based plane. The company said on Monday it would not protest the final request for proposals (RFP) to avoid ...
(Crain’s) — CME Group Inc. is partnering with Bolsa Mexicana de Valores SAB de C.V. in an agreement that will include a derivative order routing pact and the CME taking a $17-million stake in the Mexican derivatives exchange. Under the routing agreement scheduled to start next year, CME ...
(Crain’s) — Cook County is in talks with the University of Chicago Medical Center to have the Hyde Park hospital staff doctors at nearby Provident Hospital, county health officials said Monday. Cook County would continue to own and manage Provident, while U of C physicians would treat ...
(AP) — Boeing Co. said Monday that it has finalized an order with Turkish Airlines for 20 new 737s. The order includes 10 737-800s and 10 737-900 extended range aircraft, all based on the cabin design of Boeing's 787 aircraft. The order is valued at $1.6 billion at current list prices. ...


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