Daily Archive : Tuesday September 27, 2011
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News
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Naperville council members to grapple with rare land use plan
Naperville officials must decide whether the promise of an influx of jobs to the city is more important than remaining consistent with their land-use plan. The debate will center on a proposal to bring a hotel, restaurant and assisted-living facility to town.
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Talk with the Editor: Help us improve our new videos
In the latest installment of his interactive Talk with the Editor column, John Lampinen asks for feedback on two new video features -- 'The Suburbs This Weekend' and 'Ask the Sports Writers'
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‘Scarier' Fright Fest opens Saturday at Six Flags
While all the old favorites are in place at Six Flags Great America in Gurnee, organizers say there will be a different feel when Fright Fest kicks off this weekend for its annual October run. Entertainment Director Kris Jones said officials are ramping up the intensity. “We are going to scare people. We are truly pushing the envelope this year more than we ever have in the past.”
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Old police station site cleared in Lake Zurich
The tanks are gone and the ground cleared of any possible hazards but a few more months are needed to sort out financial details regarding the old police station site on Main Street in Lake Zurich. Village officials on Tuesday received a three-month extension of a $100,000 matching grant to sort out the paperwork with a contractor that is in receivership.
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Probe continues into shooting involving off-duty Wood Dale cop
A 19-year-old Hoffman Estates man remains hospitalized with a gunshot wound after a weekend altercation at an off-duty Wood Dale police officer's home in an unincorporated area near Wheaton. The man was in fair condition Tuesday afternoon, a spokeswoman at Central DuPage Hospital in Winfield said.
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Andy Rooney exiting ‘60 Minutes' this Sunday
With 1,096 essays for “60 Minutes” under his belt, Andy Rooney will deliver his 1,097th on Sunday's broadcast. And it will be his last as a regular contributor. The 92-year-old Rooney will announce his departure at the end of the program, where he has been featured since 1978, CBS News announced on Tuesday. It will be preceded by a segment in which Rooney looks back on his career with...
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Another celebrity says ‘arrivederci' to ‘Dancing'
The Italian actress who romanced George Clooney has done her last dance on “Dancing With the Stars.” Elisabetta Canalis was dismissed from the show Tuesday, despite her third-place finish on Monday's episode.
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14 people injured when bus flips in Hanover Park
Thirteen people on a shuttle bus were hospitalized Tuesday after a car struck the side of the 18-seat bus in Hanover Park. The driver of the car was seriously injured.
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Dundee Twp. mourns death of local businessman Fred Doederlein
Fred Doederlein made his career selling lumber in downtown East Dundee, but his passion belonged to Dundee Township and promoting its history and tourism. Mr. Doederlein passed away Friday. He was the husband of former State Rep. DeLoris Doederlein. Mr. Doederlein served 12 years as a Dundee Township trustee and also on the McHenry County Board.
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Walsh fires up concealed carry supporters in Huntley
A Huntley tea party gathering Tuesday night may have served as a campaign launching point for Congressman Joe Walsh as much as it did as a public forum on gun rights. “We are an embarrassment (in Illinois),” Walsh said. “We are the last state standing when it comes to concealed carry."
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Poll: Online meanness pervasive
A new Associated Press-MTV poll of youth in their teens and early 20s finds that most of them -- 56 percent have been the target of some type of online taunting, harassment or bullying, a slight increase over just two years ago.
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Christie says economy, gridlock menace U.S. future
New Jersey Gov. Chris Christie charged Tuesday that an indecisive White House has deepened the nation’s economic pain, and he accused President Barack Obama of preparing to divide the country to win re-election next year.
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3 accused of shooting Buffalo Grove windows with BB guns
Three people have been arrested after they fired BBs at 12 vehicles over the weekend and shot out a picture window at a Buffalo Grove residence, police said.
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Aurora to study affordable housing
Come January, Aurora aldermen and city staff should have a better understanding of what “affordable housing” means in their community. A $30,318 housing study approved Tuesday will define affordable housing and determine if the city is providing enough of it to meet requirements of the U.S. Department of Housing and Urban Development.
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Autopsy may tell if Roselle man died from bee stings
Officials are awaiting an autopsy to determine if bee stings killed a Roselle man found dead outside his home Monday evening. Bruce Madiar, 62, was discovered dead outside the 500 block of Dee Lane.
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East Aurora teacher resigns after lewd photo allegation
A female teacher at East Aurora High School accused of sending lewd photographs to a student at the school resigned last week while the matter remains under investigation, according to police.
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Mundelein High board inks deal for turf
The Mundelein High School District 120 board will choose a manufacturer for an artificial turf football field tonight. The work -- along with the construction of a new running track around the field -- is expected to cost $2.6 million.
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Probation for Rolling Meadows man in infant’s death
A Rolling Meadows grandfather pleaded guilty Tuesday to endangering the life of a child. Jose Trejo, 47, was sentenced to 30 months probation after he admitted negligence in the death of his 5-month-old grandson Reymond, who had been left alone at the time.
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‘Christian Indiana Jones’ dies in plane crash
Family members say Paul Westlund lived a life straight out of a movie -- a "Christian Indiana Jones." As a bush pilot in Indonesia, the former West Chicago resident flew a small plane from island to island, helping farmers and merchants peddle their wares and make a living.
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Suburban families help community celebrate Jewish New Year
Maot Chitim delivered holiday food to more than 12,000 people in need for Rosh Hashana, the Jewish New Year. Among volunteers was Larry Miller of Kildeer, who brought his family, which includes 18 children, many of whom are adopted. “We’re always here to serve God’s people,” Maggie Miller said.
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Schmidt, husband involved in domestic dispute; no charges filed
State Sen. Suzi Schmidt and her husband were involved in a domestic dispute that will not result in criminal charges, officials said Tuesday. It is the second time in six weeks the Lake Villa couple has been involved in a domestic dispute. The previous report also did not result in any charges being filed.
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Census: 131,729 married gay couples
Increasingly visible, the number of gay Americans telling the U.S. census they’re living with same-sex partners nearly doubled in the past decade to about 650,000, and more than 130,000 of them recorded themselves as husband or wife.
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GOP mainstay Mary Jo Arndt dies
Mary Jo Arndt of Lombard, a longtime staple of suburban Republican politics and a leader in the effort to involve GOP women, has died.
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Police: 1 dead, 1 injured in Waukegan gang shooting
Waukegan police are searching for the person who shot and killed an 18-year-old and injured a 13-year-old, officials said. Cmdr. Gabe Guzman said in a news release that officers were called to Lincoln and Cummings streets about 9:30 p.m. Sunday with reports that shots had been fired.
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Prospect Heights murder-suicide victim killed by her boss, police say
A 42-year-old woman shot and killed at her Prospect Heights home Monday worked for the man who police say murdered her and then turned the gun on himself. Authorities say Dong (Donna) Yu worked as a waitress for her killer, Keon Suk Oh, at his Tatami Japanese Restaurant in Glenview.
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Union calls for slowdown on facility closures
A major union is calling for more time for public input on Gov. Pat Quinn’s proposed closure of a prison and other state facilities, saying the current schedule of public hearings will “depress turnout and stifle participation.” The American Federation of State, County and Municipal Employees said residents should have at least two weeks’ notice of public hearings that should take place in...
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Economic crunch hits Nick’s Pizza
Neither of Nick’s Pizza and Pub locations is closing yet, but owner Nick Sarillo e-mailed a list of frequent customers Tuesday to say the company’s future is uncertain. The Elgin restaurant has been the weak link but with road construction finally finished outside its doors and a new Super Walmart set to open next month, there is hope. As long as the company can make it until then.
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Chili’s in Rolling Meadows closing
The Chili's Grill & Bar Restaurant in Rolling Meadows will close Wednesday, a company spokesman confirmed Tuesday. The closing comes after the company and its landlord couldn't reach a deal on a new lease on the building at 1480 Golf Road.
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Understand your tax assessment:
A series of public meetings to include one-on-one assistance regarding the property tax assessment process have been scheduled through mid-November.
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Lake County health survey:
The Lake County Mobilizing for Action through Planning and Partnerships (MAPP) team has launched a survey to identify community health strengths and challenges.
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Lake County housing grant:
Lake County Housing Authority has received a share of $15 million handed out by the federal government.
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Northern Illinois Food Bank enjoys new headquarters
The word “your” was used a lot Tuesday at the grand opening of the new headquarters of the Northern Illinois Food Bank. Its officials wanted to make sure people understand the facility is there to serve them.
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Couple pleads guilty to selling cocaine to uncover cops
A Beach Park couple admitted Tuesday they sold cocaine twice to undercover police officers who came to their home. Alan Solganick, 52, was sentenced to three years in prison and Sherry Solganick, 58, was placed on probation for 30 months after both pleaded guilty to possession of cocaine with the intent to deliver.
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Armed men rob Antioch store
Antioch police are seeking the public’s help in locating two men who entered a Game Stop store on Route 173 and robbed the store at gunpoint late Tuesday morning.
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Former Wheaton candidate innocent of domestic battery charges
A Wheaton business owner whose bid for city council was tainted by a domestic battery case earlier this year has been acquitted, authorities said Tuesday. "I'm just happy is back on track," Derek Bromstead said of having his name cleared.
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Mount Prospect man denies molesting two boys
A Mount Prospect man pleaded not guilty Tuesday in Lake County Circuit Court to charges he molested two 15-year-old boys at a Buffalo Grove business. Herbert Burgess, 57, of the 2300 block of South Lexington Drive, is charged with criminal sexual assault and aggravated criminal sexual abuse in a pair of incidents that police say took place in August.
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Police reports
Elgin police are investigating the theft of several vehicles from Feeny Chrysler sometime between 1:20 and 6 a.m. Monday at 1010 E. Chicago St.
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Jackson will make appearance at Hemmens
Jesse Jackson will be making an appearance in Elgin on Friday, as will Grammy-winning gospel singer Tramaine Hawkins, Chicago gospel performer Darius Brooks and gospel radio host Darryl King.
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Pace likely to get millions for I-90 bus rapid transit
Pace is on a cusp of receiving up to $48 million in federal funding to pay for a system of express buses in the northwest suburbs using the I-90 corridor.
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NASA: Satellite fell into South Pacific
That dead NASA satellite fell into what might be the ideal spot part of the south Pacific Ocean about as far from large land masses as you can get, U.S. space officials said Tuesday.
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Washington Monument rappelling delayed
Engineers decided on Tuesday to wait a day to begin rappelling down the Washington Monument for a visual inspection, saying lightning in the area has made the work too dangerous.
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DuPage keeps triple-A rating
DuPage County has received good news suggesting its finances are in strong enough shape to weather the economic slowdown. One of the major bond-rating firms, Moody’s Investors Service, recently reaffirmed a triple-A rating for the county.
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Stocks rise for third consecutive day
Stocks rose broadly Tuesday on hopes that Europe was moving closer to resolving its debt crisis. The Dow Jones industrial average closed up 146, giving up about half of its gains from earlier in the day.
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Chinese firm gives Purdue $10 million grant
WEST LAFAYETTE, Ind. — Purdue University and China’s second-largest aluminum company have forged a partnership under which the company will give Purdue $10 million over the next five years to support international programs, research and faculty training.
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Probation in Geneva skateboard crash
Ryan Rafacz, 20, of Geneva is sentenced to two years probation, 100 hours of community service and traffic school after pleading guilty to striking a skateboarder with his car in April 2011 in Geneva.
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Donations needed for WINGS silent auction
Hoffman Estates Mayor Bill McLeod and his wife, Joane, are asking for donations that will be used in a silent auction Oct. 12 benefiting WINGS, a local organization that helps homeless and abused women and children. The silent auction will take place at an event being hosted by McLeod at the Sears Centre.
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Traffic detoured for Bartlett Homecoming Parade Sunday
Bartlett High School’s homecoming parade is scheduled for 1 p.m. Sunday, Oct. 2.
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Prayer garden dedicated to Mount Prospect student
Teachers, students and family gathered under rainy skies Tuesday at St. Emily Elementary School in Mount Prospect to dedicate a memorial prayer garden to Molly Kohl, a 10-year-old student who died of leukemia over the summer. Molly was heading into the sixth grade at St. Emily when she died July 25, nearly 18 months after being diagnosed.
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Four-alarm fire at Klehm Growers in Hampshire
Eighteen fire departments responded to a fire early Tuesday morning that caused an estimated $750,000 in damage to Klehm Growers in Hampshire. There were no injuries.
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Vehicle hits Maywood home, kills sleeping teen
Authorities are investigating the death of a 14-year-old girl killed when a car driven by a man who had been shot crashed into the Maywood home where she’d been sleeping.
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Glenbard District 87 makes boundary change
Incoming freshmen who live in four neighborhoods within Glenbard High School District 87 boundaries will attend Glenbard South -- not East -- starting next fall.
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Geneva store to host Fox Valley Holistic Health Celebration
Interested in acupuncture? Thai yoga? Reflexology? Or holistic health and organic products? You’ll find all that and more at the Fox Valley Holistic Health Celebration Sunday, Oct. 2 in the parking lot of Soup to Nuts Alternative Grocery, 716 W. State St., Geneva.
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DuPage Airport to help county pay for D.C. lobbyist
DuPage County won’t need to pay the entire bill of having a federal lobbyist next year in Washington, D.C. County board members on Tuesday approved an intergovernmental agreement that will have the DuPage Airport Authority reimburse the county $40,000 for hiring Washington-based BGR Group.
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‘Playboy Club' puts Conant grad one hop closer to stardom
Conant High School graduate and Elk Grove Village native Katherine Cunningham is now the “door bunny” in NBC's “The Playboy Club.” She enjoyed a brief appearance on the Showtime series “Shameless” and co-starred in a feature indie romance “Two Days in February,” directed by Palatine filmmaker Michael Noens. But now, “Wearing the bunny suit is...
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Cultural council hosts poetry workshop in Palatine
The Northwest Cultural Council has moved its poetry workshop back a week, rescheduling the event to 9 a.m. to noon Saturday, Oct. 15 at the Palatine Public Library District, 700 N. North Court, Palatine. Author Larry Janowski will discuss death and the poet.
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County workers shun new sex offender rules
Kane county may reject a piece of state legislation that would get Illinois closer to sex offender registration standards. Kane County Court Services staff members say the federal laws, known as the Adam Walsh Child Protection and Safety Act, are both flawed and overly burdensome to implement.
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Westmont woman dies of West Nile virus
A Westmont woman in her 70s had died of West Nile Virus, the DuPage County Health Department confirmed Tuesday. It's the second West Nile death in Illinois this season.
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First Boeing 787 wings its way to Japan
Signed, sealed and delivered, the first Boeing 787 took off from Everett, Wash., on Tuesday in the hands of launch customer All Nippon Airways.
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Cuba Twp. highway commissioner on trial for pulling hair
There is no dispute that Cuba Township Highway Commissioner Thomas Gooch put his hand on a female employee's hair on March 11. The message Gooch was trying to convey with that action is hotly contested, though, and has landed Gooch on trial for misdemeanor battery in Lake County Circuit Court.
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Naperville man charged with possession of child pornography
A Naperville man has been charged with two counts of aggravated possession of child pornography and one count of possession of child pornography, Naperville police official said Tuesday.
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Assessor warns Cook County seniors: double check your tax bill
Cook County homeowners over age 65 are being asked to double-check the second installment of their 2010 tax bills when they arrive in the mail next week, to make sure the savings from their Senior Citizen Exemption is reflected.
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Greece passes new property tax
The leaders of Germany and Greece met in Berlin on Tuesday, buoying stock markets around the world with hopes they were finally preparing a comprehensive solution to the European debt crisis.
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Congress dodges shutdown after disaster aid fight
In agreeing to an emergency spending bill to avoid a government shutdown, Congress achieved the bare minimum while finessing a fight over whether emergency disaster aid ought to be paid for with cuts elsewhere in the budget.
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Northwest suburban police blotter
Thieves stole a U-Haul International orange/gray tow dolly out of the company’s parking lot, 1560 S. Mount Prospect Road, Des Plaines, between 7 p.m. Sept. 13 and 6:45 a.m. Sept. 14 but reported Sept. 24. Value was estimated at $5,000.
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Round Lake Beach man pleads not guilty in child sex cases
A Round Lake Beach man police discovered was wanted in a 2002 child molesting case when they went to arrest him on current charges of the same nature pleaded not guilty Tuesday in Lake County Circuit Court. Juan Garcia-Guerrero, 41, is charged with molesting a 9-year-old girl earlier this year and a 10-year-old girl nine years ago.
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Wheeling approves TIF funds for Turnkey ID
The Wheeling village board on Monday approved TIF funds for Turnkey ID, a technology company on Milwaukee Avenue, to expand its parking lot and create a small park on its property.
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Glen Ellyn OKs tree preservation law
Glen Ellyn's village board narrowly approved a revised private tree preservation ordinance Monday, despite some trustees expressing concerns that the rules hinder property rights.
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Amtrak train from Chicago hits car in Miss.; 1 injured
TUNICA, Miss. — Authorities say one person was taken to a hospital by helicopter after an Amtrak train hit a car in north Mississippi.Tunica County spokesman Larry Liddell says the collision happened Tuesday near the intersection of Pritchard Road and Mississippi Highway 3.
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U.S. Rep.: Budget cuts undermine Dunes land purchases
PORTAGE, Ind. — Federal budget cuts are undermining the Indiana Dunes National Lakeshore’s decades-long efforts to acquire private land within the park’s boundaries, U.S. Rep. Pete Visclosky said.
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Another fatal ATV accident in Wisconsin
CHETEK, Wis. — Another person has died in an all-terrain vehicle accident in Rusk County. A 47-year-old man was pronounced dead Monday afternoon near Potato Lake, east of Chetek. The sheriff’s department says the man was clearing brush when his ATV tipped over and rolled on top of him.
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Ill. soldier honored by residents lining streets
EFFINGHAM — Many residents lined the streets as the body of a 31-year-old soldier from the Effingham area was driven through the south-central Illinois town.Sgt. Timothy Sayne died Sept. 18 in an explosion in Afghanistan. His body was driven through a number of small towns along U.S. 45 before reaching Effingham on Monday.
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Teacher’s body found in East Moline classroom
EAST MOLINE — Authorities in East Moline are investigating the death of a 25-year-old teacher, whose body was found in a classroom.Police say Sarah Knight was found dead at Hillcrest Elementary School by another school employee Monday night. Knight was a teacher at Hillcrest Elementary.
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Trial begins in death of rural Illinois man
HAVANA, Ill. — The trial has started for an Illinois man accused of killing a rural Mason County man in 2009.
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Northwest suburban police blotter
Shoppers thwarted a purse theft at the Kohl's in Arlington Heights. A woman distracted the 87-year-old victim while the man reached into the purse and took the wallet. The woman alerted fellow shoppers who chased the couple. The man dropped the wallet as they ran from the store. Nothing appeared to be missing.
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Geneva High students can learn ballroom dancing
Jamie Vargo, who recently opened a dance studio in Geneva, is offering free ballroom dancing for high school students Thursday night at her studio at 115 W. State St.
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‘So doggone proud:’ Elmhurst YMCA executive retires after 47 years
As a troubled teen, Steve Dahlin was sentenced to community service at his neighborhood Y. He never left. The Elmhurst resident worked at various YMCAs for 47 years, and recently retired as Chief Operating Officer of the Y of Metro Chicago.
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3 former Porter County, Ind., workers allege discrimination
VALPARAISO, Ind. — Three former Porter County employees have filed federal complaints alleging that they were unlawfully driven out of their longtime jobs.
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Lawyer: Ind. coroner was told he could take money
HAMMOND, Ind. — An attorney for indicted Lake County Coroner Thomas Philpot says his client took $24,700 he is charged with stealing only after a lawyer told him it was legal.
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Northern Indiana man pleads guilty in go-kart shooting
GARRETT, Ind. — A northern Indiana man has pleaded guilty to attempted murder in a shooting over a go-kart that left the shooting victim a quadriplegic.The Star of Auburn reports that 31-year-old Darrick Hensley of Garrett entered his plea Monday in DeKalb Superior Court.
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Wheaton Bible Church pastor writes book after wife's death
Bob Bugh, senior pastor of Wheaton Bible Church, lost his best friend and his wife to cancer in a year and a half's time. Now in his book, "When the Bottom Drops Out," and in a sermon series he is preaching this fall, he tells how we can have hope in the pain and disappointment life brings.
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Labor pains at Wisconsin military truck manufacturer
OSHKOSH, Wis. — There are labor pains at one of the Fox Valley’s largest employers. Oshkosh Corp. and union workers are at odds on a new contract, with the old one expiring Friday. Officials of the union that represents more than 3,000 members say a strike is a possibility.
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Cheesehead hat maker upset by billboard
ST. FRANCIS, Wis. — The company that makes the cheesehead hats is miffed with a physicians group that’s used one of the firm’s creations on an anti-cheese billboard.
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Woman sentenced for shopping outburst
APPLETON, Wis. — A woman whose profanity-laced struggle with store clerks on one of the busiest shopping days of the year has been sentenced to a year’s probation in Outagamie County Circuit Court.
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Watchdog group questions comptroller, treasurer raises
SPRINGFIELD — Two Republican statewide officeholders critical of government spending have handed out pay raises to dozens of employees during a fiscal crisis.
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Ex-Illinois Gov. Ryan's older brother dies
Imprisoned former Gov. George Ryan's older brother has died.
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Dawn Patrol: Quick hits as you head out the door
Ozzie Guillen's last game with the White Sox was last night, and it looks like he's headed to Florida to manage there. Prospect Heights police are expected to release more details today of a murder-suicide in town. A St. Charles North High School teacher and former coach is accused of shoplifting.
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17 Illinois community colleges win training grant
Seventeen Illinois community colleges, including Waubonsee Community College, have been awarded $19.3 million as part of the first round of federal grants for job training and workforce development.
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Chicago seeking applicants for dance program
The city of Chicago is looking for a new batch of dancers and choreographers to apply for free downtown rehearsal space.
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Jennifer Hudson opens Chicago weight loss center
Singer and actress Jennifer Hudson hopes to show her commitment to a healthier lifestyle with the opening of a new weight loss center in Chicago.
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Report: Illinois could be short $8.3B this year
:The government watchdog group the Civic Federation says in a Monday report that Illinois could be $8.3 billion in the red when the fiscal year ends next June.
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Study: Chicago Marathon kicks big bucks into city
The biggest winner of the annual Chicago Marathon is arguably Chicago itself. A new economic study has concluded the annual runs of tens of thousands of people through the city's streets help generate around $170 million in economic activity.
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Deadline coming to nominate Chicago Christmas tree
Time is running out to nominate that giant tree in your yard as Chicago's official Christmas tree. Friday is the deadline and nominations can be submitted via email or regular mail.But not just any tree will do.
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Judge decides against agency in foster-care ruling
A Sangamon County judge has ruled the Illinois Department of Children and Family Service can begin canceling its adoption and foster care contracts with Catholic Charities.
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Opposition march dispersed in Guinea's capital
Paramilitary police have dispersed an opposition march in Guinea's capital. An Associated Press reporter who toured the city Tuesday said that security forces had seized control of the roundabouts in the majority Peul neighborhoods.
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Israel approves 1,100 new homes in east Jerusalem
Israel's government has given the final go-ahead for the construction of 1,100 new housing units in east Jerusalem. The move is sure to heighten tensions, which are already high following a Palestinian move last week to seek U.N. membership.
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Uganda Steps Up Security on Expectations of Opposition Protests c.2011 Bloomberg News
Sept. 27 (Bloomberg) -- Uganda’s authorities stepped up security amid plans by opposition supporters to stage protests in coming weeks, the East African nation’s police chief said.
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Greek Leaders Appeal for Support as U.S. Presses for Action (1) c.2011 Bloomberg News (Updates with comment from Pimco’s El-Erian in sixth paragraph. See EXT4 for more on the European debt crisis.)
Sept. 27 (Bloomberg) -- Greek leaders appealed for support at home and abroad to avert default before key legislative votes as the U.S. criticized European leaders for moving too slowly to stem the debt crisis.
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Typhoon Nesat Kills 7, Cuts Power, Causes Floods in Manila (3) c.2011 Bloomberg News (Updates with impact on Malaysia in eighth paragraph.)
Sept. 27 (Bloomberg) -- Typhoon Nesat killed at least seven people in the Philippines, shut financial markets, flooded streets and cut power supplies before weakening as it crossed the Sierra Madre mountains on the most populous island of Luzon.
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Google Fights German Lawsuit Over ‘Sex-Club Bill’ Blog Post (1) c.2011 Bloomberg News (Adds ruling date in sixth paragraph.)
Sept. 27 (Bloomberg) -- Google Inc. is challenging a suit in Germany’s top civil court over claims the world’s largest search engine company is liable for a defamatory statement in a posting on its blogspot.com website.
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Executives Expect Scandal From Undisclosed Campaign Donations c.2011 Bloomberg News
Sept. 27 (Bloomberg) -- Undisclosed campaign money that began pouring into political groups during last year’s congressional elections will, without reform, only grow and lead to scandal, a group of business leaders and university professors said yesterday.
Sports
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NFL's kickoff rule in danger of ruining game
The NFL's new rule moving kickoffs up to the 35-yard line has negatively impacted kickoff returns, one of the most exciting plays in the game, especially for a team like the Bears, who have Devin Hester and Johnny Knox.
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Kane, Hossa to make preseason debuts Wednesday
Patrick Kane and Marian are set for their preseason debuts Wednesday night against Detroit at the United Center. Kane will center a line for Hossa and Andrew Brunette.
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The good, bad and ugly of Fire’s personnel moves
The Chicago Fire did well to bring in new players like Sebastian Grazzini, Pavel Pardo and Dominic Oduro this season, but Marko Maric, Cristian Nazarit, Gaston Puerari and Diego Chaves didn't work out as well.
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Final battle for Hawks’ roster spots
With only three preseason games to play, it's crunch time at Blackhawks training camp in the battle for roster spot.
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White Sox give Cooper, Baines multi-year deals
The White Sox have agreed to terms on multiyear contracts with pitching coach Don Cooper and first base coach Harold Baines. The White Sox also have named Cooper as interim manager and Mike Gellinger as interim bench coach for the season’s final two games.
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Quade says he's focused on the game
Cubs manager Mike Quade said he's not allowing himself to think beyond today's final game of the season at San Diego. "I've never drawn a circle on the calendar and said, ‘Two days to go. One day to go.' Let's play good baseball for two days and take the winter off,” he said. Quade's future is uncertain because the Cubs will hire a new general manager in the coming weeks.
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Curtain call for Buehrle with the White Sox?
If Mark Buehrle pitched his final game for the White Sox Tuesday night, he is going out a winner. The 32-year-old lefty, who is eligible for free agency, threw 7 shutout innings in a 2-1 win over the Blue Jays. The 32-year-old lefty is headed for free agency after the season ends Wednesday. “During the game, it honestly felt like a normal game,” Buehrle said.
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A win for Castro, Cubs
Starlin Castro had two singles to extend his NL-leading total to 206 hits, Alfonso Soriano hit a go-ahead, three-run homer in the eighth inning and the Chicago Cubs beat the San Diego Padres 6-2 on Tuesday night in a matchup of 90-game losers.
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Tuesday’s girls volleyball scoreboard
High school varsity results from Tuesday's girls volleyball matches, as reported to the Daily Herald.
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Tuesday’s girls tennis scoreboard
High school varsity results from Tuesday's girls tennis meets, as reported to the Daily Herald.
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Tuesday’s girls swimming scoreboard
High school varsity results from Tuesday's girls swimming meets, as reported to the Daily Herald.
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Tuesday’s girls golf scoreboard
High school varsity results from Tuesday's girls golf meets, as reported to the Daily Herald.
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Tuesday’s boys soccer scoreboard
High school varsity results of Tuesday's boys soccer matches, as reported to the Daily Herald.
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Tuesday’s boys golf scoreboard
High school varsity results from Tuesday's boys golf meets, as reported to the Daily Herald.
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Velarde, Grant vex Vernon Hills
Andres Velarde’s “heady” play has been a big part of the recent success of Grant’s boys soccer team. Velarde has knocked in 6 of his 13 goals this season on head balls. The junior midfielder had another one Tuesday night and also scored on a penalty, accounting for both of the Bulldogs’ goals in their 2-0 win over visiting Vernon Hills in the teams’ North Suburban Prairie Division match.
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Boys soccer / Lake County roundup
Claudio Guerrero, Carson Klarck, Arnaud Laroche-Bataille and Ibra Perez-Vera converted penalty kicks in a shootout, and goalkeeper Stevie Streeter stepped up to make a couple of clutch saves as Grayslake North’s soccer team edged Woodstock 2-1 in Fox Valley Conference Fox Division action Tuesday night. It was Grayslake North’s first shootout of the season.
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Girls volleyball / Lake County roundup
No underclassmen saw the floor for Libertyville’s girls volleyball on senior night, so the Wildcats’ Class of 2011 showed off its depth. Eileen Knauff clobbered 10 kills and collected 13 digs, as Libertyville defeated Round Lake 25-22 25-17 in the teams’ North Suburban Conference crossover Tuesday night.
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Larkin forges tie with Batavia
The downpour of rain at Elgin’s Memorial Field wouldn’t stop the Larkin Royals’ boys soccer team on Tuesday, and neither could the short-handed Batavia Bulldogs. The teams played to a 3-3 tie in an Upstate Eight River Division matchup.
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Naperville Central keeps West Chicago on the ropes
Naperville Central ran its win streak to four straight matches with a surprisingly one-sided 25-17, 25-14 victory over West Chicago on Tuesday.
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Hersey, Barrington control MSL races
Hersey and Barrington have taken two-match leads in the Mid-Suburban East and West girls volleyball races after victories Tuesday night.
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Lake Park puts expert tips to use
When Lake Park’s boys soccer team had a special guest coach a couple of weeks ago, senior forward Joe Passarelli listened closely. If former U.S. international Brian McBride shows up to offer a few pointers, a forward would be smart to pay attention. The rest of the team also.
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Tigers win battle of Wheaton
A roundup of Tuesday's volleyball action around DuPage County.
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Boys soccer/Fox Valley roundup
Crystal Lake South 3, Dundee-Crown 2 (OT):Tony Meza put Dundee-Crown’s boys soccer team ahead of Crystal Lake South when he scored 2 first-half goals Tuesday but it wasn’s enough as the Gators stormed back in the second half and then won the Fox Valley Conference Valley Division game 3-2 in overtime.Roberto Albuquerque notched the first goal for the Gators (11-6, 3-0) while Charlie Oliver added his team-leading 25th goal of the season to tie the game with under 6 minutes to play. In overtime, Jack Carlson served up a corner kick in the box which Albuquerque promptly headed home for his second goal of the match and the game-winner.Gators’ goalie Steve Follmer recorded 3 shots on goal while Christian Contreras turned away 5 shots on goal for the Chargers (6-5, 0-2).Streamwood 2, Elgin 0: The Sabres (5-11-1, 1-3) battled tough to earn their first Upstate Eight River victory of the season over the Maroons (7-5-6, 2-1-1). Alejandro Avalos recorded a goal for the Sabres off of a feed from Luis Rodrgiuez while Nestor Ascencio scored the other goal. Jose Resendiz recorded 4 saves in goal to preserve the shutout while Tony Benitez turned away 9 shots on goal for the Maroons.Cary-Grove 8, Prairie-Ridge 0: Kevin Wilde (3 goals, 2 assists) and Mike McKune (2 goals, 3 assists) led the way for the Trojans (11-2, 2-0) as they cruised to an easy FVC Valley victory. Drew Conners, Eric Angeles, and Brian O’Connor also recorded goals while Zack Solarte and Mike Loke added 1 assist each. Tom Breen was not tested in goal for the Trojans.
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Buffalo Grove focuses on record pursuits
Buffalo Grove's freestyle relay specialists continued to make an impact, helping the Bison past Prospect in a Mid-Suburban League dual meet. In other league meets, Schaumburg edged Palatine, Elk Grove topped Wheeling and Conant got past Hoffman Estates.
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WW South wins 4th straight DVC title
Tuesday was an example of why the high school golf season starts early and ends early. Fall weather, cool and rainy, continued and made itself comfortable at Phillips Park Golf Course in Aurora, and it made things interesting for the athletes gathered for the DuPage Valley Conference girls golf tournament.
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Samardzija hopes new direction leads to Cubs rotation
Cubs reliever Jeff Samardzija has been a work in progress since coming to the big leagues in 2008. This is the first season he has spent entirely in the major leagues, and he has put together a solid season out of the bullpen.
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Versatile Wilcox keys Mundelein
On Tuesday night at home, Madi Wilcox had 7 kills and 9 assists in a tough match as Mundelein hosted Antioch in girls volleyball. It went the distance as Mundelein held off the Sequoits 25-19, 22-25, 25-20 in an NSC crossover battle.
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St. Charles E. dominates Geneva
Nichole Lambert dominated the middle with 6 kills and 7 blocks while Meghan Niski put away everything on the outside with 14 kills — or 7 more than the entire Geneva team — in St. Charles East’s one-sided 25-15, 25-11 victory.
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Schaumburg tightens MSL West grip
Schaumburg moved a step closer to its first berth in the Mid-Suburban League Cup since 1995 with a 4-1 crossover win over Elk Grove on Tuesday.
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Girls volleyball/Fox Valley roundup
Harvest Christian d. Westminster Christian: Sydney Doby had 24 kills and 4 blocks and Erin Manusos added 7 kills and 11 digs as Harvest Christian rallied to beat Westminster 23-25, 25-23, 28-26. Sarah Kott added 6 kills for the Lions, while Katelyn Floyd had 18 assists, Kali Cramer 13 assists, Jade Martinez 10 digs and Hannah Depledge 7 digs. Claire Speweik had 19 kills and 21 digs for the Warriors (12-5), while Cara Tyrell added 13 kills and 13 digs and Whitney Vanden Bos had 9 digs.Cary-Grove d. Prairie Ridge: Ashley Rosch had 14 digs and 4 aces and Melanie Jereb added 9 kills to lead Cary-Grove (18-1, 5-1) to a 25-20, 25-19 Fox Valley Conference Valley Division win.Huntley d. McHenry: Sam Boesch had 13 kills, served 9 points and had 7 digs to lead unbeaten Huntley to a 25-21, 25-10 FVC Valley win. Amy Dion had 13 digs for the Red Raiders (14-0, 6-0) and Eli Manning added 25 assists.CL Central d. Hampshire: Jenny Dumoulin had 4 kills and 9 digs for Hampshire (4-14, 1-5) in this FVC Fox loss.Batavia d. Streamwood: Liz Simonelli had 7 digs and Brittany Kemp added 8 digs and 6 assists for Streamwood in a 25-14, 25-11 Upstate Eight River loss. Lauren Edwards had 5 digs for the Sabres and Hannah McGlone added 3 kills.South Elgin d. Bartlett: Rachel Murray had 4 digs and Corbin Kehe added 9 assists to lead South Elgin (6-9-1, 2-2) to a 25-14, 25-19 UEC Valley win. Elizabeth Arco had 4 kills, Lexie Mason 16 digs and Tori Burke 9 assists for Bartlett (8-13, 0-4).Elgin Academy d. North Shore Country Day: Maggie Veltri had 11 assists and Allison Wittmeyer added 4 kills and 5 digs as Elgin Academy (6-8, 3-2) won in the Independent School League 25-13, 25-17. Kaitlyn Pearson added 5 kills and 4 digs and Bridget Keslinske had 5 kills and 10 digs for the Hilltoppers.Women’s volleyballSt. Xavier d. Judson: Carissa Oelke had 11 kills and 15 digs and Taylor Lesner added 13 digs for Judson (6-9, 2-3) in a 25-14, 25-20, 25-15 CCAC loss.
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Ehrhardt powers Jacobs past Dundee-Crown
Dundee-Crown plays quality volleyball in bursts but the Chargers lack a dependable hitter ala Jacobs’ Alyssa Ehrhardt, whose consistent scoring powered the Golden Eagles to a 25-12, 25-22 victory in Algonquin Tuesday.
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Buehrle tough in perhaps final outing with Sox
Mark Buehrle pitched seven shutout innings in possibly his final start for the White Sox and Tyler Flowers homered to lead Chicago to a 2-1 victory Tuesday night over the Toronto Blue Jays.
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Sox GM shares the blame
Kenny Williams said he has told Jerry Reinsdorf he would step away from his general manager post and take a different role with the White Sox several times over the past year. Reinsdorf did not want to give departed manager Ozzie Guillen a contract extension, but he still likes Williams as GM.
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Waubonsie Valley wins UEC title
Waubonsie Valley turned back sister school Metea Valley 332-336 to win its first Upstate Eight conference championship since 2006.
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Prospect wins fourth straight MSL title
Prospect won its fourth straight Mid-Suburban League crown on Tuesday, shattering each of its winning scores the past three years by shooting a 309 at Bonnie Dundee Golf Course in Carpentersville. Their previous best was a year ago (329). The next closest team to Prospect was Barrington (323) while Fremd took third with a 348. Despite a near-constant rain for the 18 holes, unfazed Barrington freshman Julia Calbi claimed the top prize with an even par 71.
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Barrington, Prospect share Mid-Suburban League crown
Prospect edged Barrington by 1 stroke to force a tie between the teams for the overall Mid-Suburban League boys golf team championship, and the Broncos' Greg Conrad edged Fremd's Steven Rawls in playoff to take top individual honors Tuesday at Mt. Prospect Golf Course.
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Bulls’ Rose gives back to his old neighborhood
While waiting for an end to the NBA lockout, Derrick Rose paid a visit Tuesday to his old neighborhood park on Chicago's South Side.
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Ozzie will be missed but not for baseball reasons
There was a time when Ozzie Guillen was a manager who cared about nothing more than winning, but that Ozzie Guillen hasn't been seen around these parts for a few years.
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Arlington Park ‘befuddled’ by racing board vote
The Illinois Racing Board rejected sweeping changes Arlington Park officials sought for 2012 by keeping the thoroughbred racing schedule remarkably unchanged.While night racing at Arlington was OK'd, track officials aren't certain it's feasible without more revenue.
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Ryder Cup captains like what they see at Medinah
Medinah Country Club and PGA of America celebrated the one-year countdown to the next Ryder Cup this week, with the captains of both teams lauding Medinah. “I can’t imagine a better place for this,” said Europe’s Jose Maria Olazabal.
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Your Turn: Who should manage the White Sox?
OK, White Sox fans, now that manager Ozzie Guillen is headed elsewhere, answer this question: Who should manage the White Sox in 2012?
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Images: Daily Herald prep photos of the week
This Prep Photos of the Week gallery includes the best high school sports pictures taken by Daily Herald photographers featuring football, golf, soccer, cross country, swimming and volleyball.
Business
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U.S. corporate credit risk falls for third day
A benchmark gauge of U.S. corporate credit fell for a third day from about the highest levels in more than two years as investor confidence grew that Europe’s leaders will stem the region’s debt crisis.The Markit CDX North America Investment Grade Index, which investors use to hedge against losses on corporate debt or to speculate on creditworthiness, fell by 4.5 basis points to a mid-price of 132.4 basis points as of 8:21 a.m. in New York, according to index administrator Markit Group Ltd.Traders pushed the index lower after U.S. Treasury Secretary Timothy F. Geithner predicted that European governments will use more force to resolve the region’s crisis. Their leaders “finally get it,” Pacific Investment Management Co.’s Mohamed El-Erian said in a radio interview with Tom Keene and Ken Prewitt on “Bloomberg Surveillance.”The swap measure, which typically falls as investor confidence improves and rises as it deteriorates, has decreased from 145.1 on Sept. 22. A new version of the index was created on Sept. 20, when six companies were replaced. The prior series traded as high as 135.9 on Sept. 12, which was the highest level since July 2009.Credit swaps pay the buyer face value if a borrower fails to meet its obligations, less the value of the defaulted debt. A basis point equals $1,000 annually on a contract protecting $10 million of debt.
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Motorola Solutions responds to bribery reports
Motorola Solutions reponds to media reports that it's under investigation for overseas bribes.
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Illinois sues mortgage ‘rescue’ firms
So-called mortgage rescue companies in Schaumburg, Lombard, Woodridge and Chicago were charged with using their attorneys to collect upfront fees and bilking distressed homeowners of nearly $375,000 altogether, Illinois Attorney General Lisa Madigan said Tuesday.
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Report: Illinois corn yield estimates fall
Farmers harvesting their corn may find less of the crop than anticipated as the state office of the National Agricultural Statistics Service lowered corn yield estimates for Illinois, citing dry and hot weather in late summer.
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Consumer confidence remained weak in September
Consumers’ confidence remained weak in September after dropping to a post-recession low during the month before. That’s left economists to wonder just what it’ll take to get Americans feeling good about the economy again.
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New Mitchell Group Website Showcases Faux Leather Upholstery Collections
The Mitchell Group, a leading worldwide distributor of faux leather upholstery, has launched a new website to better display its brands and expanded collections of faux leathers. The site, www.MitchellFauxLeathers.com, features the company's leading brands Sta-Kleen(R) dry-erase performance urethane, ReCast(R) enhanced faux leather and the Mitchell Collection of popular patterns.Mitchell's faux leather upholstery collections include everything from traditional leather looks to unique specialty fabrics and novelty patterns for high-traffic commercial applications that answer the industry's demand for durability in fashion-forward designs.The new website displays the company's wide-ranging portfolio of faux leather upholstery in detail-enhancing photography to give designers and specifiers a true representation of patterns and textures. With its superior navigation and clean layout, the site enables designers to easily browse through more than 1,000 digital fabric swatches, request additional information or place an order -- all conveniently from the site."The upgrades to our website make it possible for designers and specifiers to get a real sense for the quality, style and breadth of our products," said Bill Fisch, president of The Mitchell Group. "We put a lot of effort into designing the site to be a useful research and faux leather upholstery selection tool that assists designers in choosing the best fabrics to meet the demands of their projects."In addition to the broad array of faux leather upholstery colors, patterns and styles on display, MitchellFauxLeathers.com offers technical information and trend insights from Mitchell's industry experts in its Faux Leather Viewpoint. Written by industry veterans with decades of product and market experience, the educational articles are available by subscription or through the site's article archive to assist industry decision-makers in increasing their knowledge of faux leather upholstery.The Mitchell Group is the industry leading authority on performance faux leather upholstery worldwide. Located in Chicago, the company serves the contract market with the finest quality polyurethane and vinyl fabrics. Its featured collections include Sta-Kleen(R) Performance Fabric, the industry's only true dry-erase faux leather upholstery, and ReCast(R), a faux leather look that uses real recycled leather to enhance the product. Mitchell products are distributed through a variety of industry-leading distributors. For more information, visit www.MitchellFauxLeathers.com, contact The Mitchell Group at 1-877-647-7301 and follow the company on Facebook at www.facebook.com/TheMitchellGroup.Bill Fisch Billmitchellfauxleathers.com 877-647-7301Jack Wollitz jackinnismaggiore.com 800-460-4111
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Greece: will get loans in time to avoid default
BERLIN — Greece will receive its next batch of bailout loans in time to avoid a disastrous default, the finance minister said Tuesday, as stock markets rallied on hopes that the prime minister will discuss new ways of solving the crisis with Germany's leader later in the day.Reports that European leaders are considering bolder moves to relieve Greece and other countries of their debt burden have buoyed spirits in financial markets, though officials in Chancellor Angela Merkel's government have downplayed such speculation.The current plan is to have Greece implement painful debt-reduction measures in exchange for rescue loans.Greece's international creditors are holding up payment of the next batch of those loans until a review of the reforms is completed in the coming days. Without the money, Greece faces bankruptcy in mid-October, potentially sending shock waves through the financial sector in Europe and abroad."I am very confident in ... the disbursement of the sixth tranche," Finance Minister Evangelos Venizelos said, speaking above the sound of chanting from protesting tax office workers outside the ministry, who blew whistles and set off a fake siren. "But we must do what has been agreed."The minister said the country had already made great efforts to achieve its fiscal targets, but that a "hyper-effort" was necessary to fully meet its commitments.Some experts, however, say the current course of austerity is untenable and that Greece will need bigger debt relief. Analysts say that could be achieved by imposing tougher losses on private bondholders, boosting capital in European banks that would take such losses, and boosting the size of the rescue fund.Under the current plan, Greece had originally expected debt inspectors from the International Monetary Fund, the European Central Bank and the European Commission to complete a review in September and approve the sixth installment of loans from its (euro) 110 billion ($149 billion) international bailout fund.But the inspectors, known collectively as the troika, suspended their review earlier this month amid talk of missed targets and budget shortfalls.Venizelos said the troika would return to Athens this week, and that the disbursement of the next bailout tranche, worth (euro) 8 billion, would be done in time as there were several meetings in October during which other eurozone countries could approve the payment.In Berlin, Greek premier George Papandreou told a conference of the Federation of German Industries that "we are borrowing to repay" — but also stressed that Europe needs to show it can get its act together."I can guarantee that Greece will live up to all its commitments," Papandreou said ahead of an evening meeting with Chancellor Angela Merkel. He promised that Greeks will "fight our way back to growth and prosperity."The government recently announced new austerity measures, including pension cuts and tax hikes. Lawmakers are to vote Tuesday night on a new property tax, which is to be paid through electricity bills to make it easier for the state to collect.Greeks have been outraged by the introduction of yet more spending cuts and tax hikes after a year of austerity. Unions have responded with repeated strikes and protests. Public transport workers walked off the job Tuesday for two days, and were to be joined by taxi drivers on Wednesday. Tax office workers were also on strike.Given the sacrifices being made by ordinary Greeks, Papandreou said that the "persistent criticisms leveled against Greece are deeply frustrating.""You as businesspeople, you know that inspiration, innovation and motivation are important parts of success," he told representatives of Germany's leading industries. "If people feel only punishment and scorn, this crisis will not become an opportunity — it will become a lost cause."
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Illinois enters grain deal with Taiwan
Illinois has entered into a deal with Taiwan that the state hopes will bring a $575 million boost to its grain industry.Gov. Pat Quinn's office on Tuesday said the agreement is part of efforts to increase Asian investment in Illinois.
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Sikich Investment leads Google’s purchase of Zave
Sikich Investment Banking said it successfully led Google Inc.’s recent acquisition of Kansas City, Kan.-based Zave Networks.
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Good Sam, Camping World announce executive appointments
Camping World and Good Sam Enterprises named Jim DeBruzzi as chief financial officer and Zrinka Allen as executive vice president of human resources, social responsibility and communication.
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AAR to supply Unison products to Kansas Aviation
AAR has been selected to provide Unison parts and support for Kansas Aviation of Independence. The one-year agreement is expected to generate approximately $1 million in supplied parts.
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Suburban Realtor organization appoints co-presidents
The Mainstreet Organization of Realtors, based in Downers Grove, has appointed Jack Persin, president and managing broker of Ryan Hill Realty in Naperville, and Tom Krettler, broker associate of RE/MAX Unlimited Northwest in Palatine, as co-presidents for the organization's 16,000 members. The association covers all of DuPage and Lake counties, suburban Cook County and portions of Will County. Persin previously served as president-elect of MORe, and Krettler as president-elect of the Realtor Association of Northwest Chicagoland.RANWC will merge with MORe on Oct. 1, making MORe the largest local Realtor association in Illinois, and the fourth largest in the nation. The move will allow MORe to continue to deliver the same resources and training to its members without an increase in dues, Krettler said. For RANWC members, dues will decrease. "MORe's new presence will allow us to better serve members from our six offices located across the Chicago suburbs," said Krettler.MORe's increased size will allow the group to more vigorously advocate for homeowners and fight against taxes and regulation on the local, state and national level. Despite the organization's growth, however, Persin says the individualized service MORe members receive will remain unchanged."At the end of the day, it's about how you treat people," Persin said. "We will continue to make member service our number one priority."
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Walgreen fiscal 4th-qtr profit jumps 69 percent
Drugstore operator Walgreen Co. said Tuesday its fiscal fourth-quarter earnings jumped 69 percent, boosted in part by a gain from the $525-million sale of its pharmacy benefits management business.
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European payments council says it’s complying with EU rules
The European Payments Council, a banking industry group, said its efforts to set up a standard for online payments aren’t breaking antitrust rules in the region.“The EPC does not support the allegations that its work in this area could potentially discriminate against any market participants,” the Brussels-based group said in an e-mailed statement today.The EPC, whose members include HSBC Holdings Plc and Deutsche Bank AG, faces a European Union antitrust probe into a system for payments via the Internet, the European Commission said yesterday. This followed a complaint from a German payment provider.
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Bank of ireland said to near sale of $1.6 Billion secured bond
Bank of Ireland Plc, the nation’s largest bank by assets, is close to a private sale of bonds secured on U.K. residential mortgages, according to two people with knowledge of the matter.The Dublin-based lender may raise about 1 billion pounds ($1.6 billion) of funding in the accord, according to one of the people, who declined to be identified, as talks are not complete. A deal may be agreed within weeks, subject to market conditions, the two people said.While Irish banks have been locked out of public debt markets since before the country’s bailout in November, Bank of Ireland has raised about 2.9 billion euros ($3.9 billion) of term debt since June, using U.K. residential mortgage assets as security. The debt, which wasn’t state guaranteed, had an average duration of 2.2 years and was priced at 265 basis points over three-month Euribor, the benchmark rate at which European banks lend to each other in euros for three months.“We anticipate doing more” unguaranteed, secured term funding “by the end of the year,” Richie Boucher, the lender’s chief executive officer, told lawmakers at a parliamentary committee hearing on Sept. 14. A spokeswoman for the bank declined to comment on any upcoming debt sales.Bank of Ireland raised about 4 billion euros of equity capital this year. Some 3.7 billion euros of this was generated privately, leaving it alone among the country’s six largest lenders to avoid majority state ownership.Irish Life & Permanent Plc said Aug. 31 it had raised 1.4 billion pounds of funding secured against its U.K. home loans book, while Allied Irish Banks Plc Executive Chairman David Hodgkinson told lawmakers Sept. 14 that the lender is “preparing for a possible issue later this year in respect of some covered debt.”
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Iraq to boost Majnoon field oil production by 2012, Shell says
Oil output from the Iraqi Majnoon field will increase to 175,000 barrels a day by 2012 from 75,000 barrels a day currently, according to Hans Nijkamp, vice president and country chairman, Iraq, for Royal Dutch Shell Plc.Ordnance clearance works have so far covered 9 million square meters in Majnoon, he said at the Iraq 2011: Future Energy conference organized by The Energy Exchange in Istanbul. More than 14,000 items, dating back to the Iraq-Iran war in the 1980s, were removed from the oilfield, Nijkamp said.
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Deutsche bank cuts 2012 german power price forecast by 8.4%
Deutsche Bank AG cut its forecasts for German electricity prices for 2012 and 2013.The bank reduced the 2012 price by 8.4 percent to 56.70 euros a megawatt-hour and the 2013 price by 3.5 percent to 62.70 per megawatt-hour, analysts including Mark Lewis in Paris said in an e-mailed report today.
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Blackstone takes top spot among busiest private-equity firms
Blackstone Group LP, the world’s biggest private-equity firm by assets, also is this year’s busiest buyout dealmaker.Blackstone, based in New York, tops the list of most active private-equity firms, with transactions valued at $20.3 billion, according to data compiled by Bloomberg. The firm, whose chairman is Stephen Schwarzman, announced $15.9 billion of acquisitions through yesterday, including the purchase of Centro Properties Group’s U.S. shopping malls for $9.4 billion in March.Second on the list, at $14.2 billion in transactions, is Avista Capital Partners LLC, the New York-based firm made up of the former DLJ Merchant Banking unit. Rounding out the top five are Nordic Capital AB of Stockholm, Credit Suisse Group AG in Zurich and EQT Partners AB, also of Stockholm. Nordic Capital was the biggest seller in private-equity deals at $14.1 billion.Private-equity transactions increased 51 percent to $287 billion this year over the same period a year earlier, Bloomberg data show. Economic uncertainty and volatile equity and debt markets have stunted recent dealmaking. Announced transactions in September dropped to $8.2 billion from $29 billion in August.JPMorgan Chase & Co. of New York is the highest-ranked mergers-and-acquisitions adviser to private-equity firms, handling 51 deals valued at $66.8 billion this year, Bloomberg data show. New York-based Goldman Sachs Group Inc. is No. 2, with 46 deals totaling $64.6 billion.M&A advisers and private-equity executives will gather today to discuss the outlook for dealmaking at the Bloomberg Dealmakers Summit in New York.Facebook, TwitterKleiner Perkins Caufield & Byers tops the rankings of busiest venture capital firms, according to Bloomberg’s data. The Menlo Park, California-based firm, whose holdings include daily deal site Groupon Inc., invested a combined $2.54 billion in 46 companies. Second is Digital Sky Technologies of Russia, which contributed $2.26 billion to six ventures.Internet content and e-commerce companies have attracted the bulk of the $32 billion in venture cash, with this year’s list populated by companies such as Facebook Inc., Twitter Inc. and 360Buy.com. Investments through Sept. 26 are almost triple the same period last year, Bloomberg data show.Private-equity firms typically use loans secured on the targets they acquire to finance more than half of the purchase price and cash from their own funds for the rest. The firms seek to improve performance at the companies they acquire or expand them before selling them within about five years.Venture capital groups generally invest in start-up businesses to help them grow more rapidly, and early-stage companies that lack easy access to other capital markets to fuel expansion.--With assistance from Jason Kelly in New York. Editors: Larry Edelman, Josh
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Govt won’t seek appeal in Atlanta on health care
The Obama administration has decided not to ask a federal appeals court in Atlanta for further review of a ruling striking down the centerpiece of President Barack Obama’s sweeping health care overhaul.The administration’s decision makes it more likely that the U.S. Supreme Court would hear a case on the health care overhaul in the court’s term starting next month, and render its verdict on the law in the midst of the 2012 presidential election campaign.Justice Department spokeswoman Tracy Schmaler disclosed the administration’s decision. She declined to elaborate on next moves. The Atlanta circuit ruling sided with 26 states that had sued to stop the law from taking effect. In another case, the 6th U.S. Circuit Court of Appeals in Cincinnati upheld the individual mandate in June.A three-judge panel of the 4th U.S. Circuit Court of Appeals in Richmond, Va., rejected two lawsuits on technical grounds. In one, it ruled that the penalty for not buying insurance amounts to a tax and that a tax can’t be challenged before it’s collected. In the other, the panel said the plaintiff, the state of Virginia, lacked legal standing to file its lawsuit.In a ruling in August, a divided three-judge panel of the 11th Circuit Court of Appeals in Atlanta concluded Congress overstepped its authority when lawmakers passed the individual mandate provision that requires people to buy health insurance. The administration could have asked the full 11th circuit court to hear the case, potentially delaying high court review.The U.S. Circuit Court of Appeals for the District of Columbia, the fourth appeals court to deal with a case over the law, heard oral arguments last Friday but hasn’t issued a ruling.The Supreme Court is widely expected to have the final say on the law, especially now that the appeals courts that have considered the law have disagreed, and one of them has struck down a key provision. The real question has been over timing, which has political as well as legal ramifications.In order to hear and decide the case by late June, when the court wraps up its work until resuming in October, the justices would have to act by January to accept and schedule an appeal.It typically takes a couple of months or more from the time an appeal is filed at the court until the justices decide whether or not to hear it.In arguments leading up to the appeals court decision in Atlanta, the Obama administration said the legislative branch was using a “quintessential” power — its constitutional ability to regulate interstate commerce, including the health care industry — when it passed the overhaul law. Administration officials said at the time they were confident the 11th Circuit ruling would not stand.In that August ruling, Chief Judge Joel Dubina and Circuit Judge Frank Hull said that lawmakers cannot require residents to “enter into contracts with private insurance companies for the purchase of an expensive product from the time they are born until the time they die.”In a lengthy dissent, Circuit Judge Stanley Marcus accused the majority of ignoring the “undeniable fact that Congress’ commerce power has grown exponentially over the past two centuries.” He wrote that Congress generally has the constitutional authority to create rules regulating large areas of the national economy.
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Stocks jump on hopes for a Europe fix; Dow up 272
Stocks had their biggest gains in more than two weeks Monday after European officials pledged to take action to resolve the region’s debt problems. The Dow Jones industrial average jumped 272 points, making up about a third of last week’s losses. European ministers told a meeting of global finance leaders in Washington over the weekend that they would take bolder steps to fight the debt crisis, which threatens to slow the global economy. President Barack Obama called on Europe’s leadership Monday to move more quickly to address the problems. Germany wants banks and private institutions that hold Greek bonds to take a bigger loss on those holdings to reduce Greece’s debt burden. European officials have talked about increasing the size of Europe’s $595 billion rescue fund by allowing it to take loans from the European Central Bank. Pressure is also mounting for the central bank to lower interest rates. “The news leaking out of Europe is giving investors hope that the politicians and central bankers in Europe might be putting together a plan,” said Channing Smith, managing director of Capital Advisors Inc. “The devil’s in the details.” The Dow Jones industrial average shot up 272.38 points, or 2.5 percent, to close at 11,043.86. It was the biggest gain since Sept. 7. JPMorgan Chase & Co. jumped 7 percent to $31.65, the most of the 30 stocks in the Dow.The Standard & Poor’s 500 rose 26.52, or 2.3 percent, to 1,162.95. The Nasdaq composite rose 33.46, or 1.4 percent, to 2,516.69.About three stocks rose for every one that fell on the New York Stock Exchange. All 10 industry groups in the S&P 500 rose. Financial stocks had the biggest gains in the S&P 500, rising 4.4 percent. Banks have the most to lose if Europe’s debt crisis gets worse, so investors picked up those stocks as hopes built that a resolution could be on the way. Huntington Bancshares Inc. rose 8.3 percent, SunTrust Banks Inc. rose 8 percent. Berkshire Hathaway’s Class B shares rose 8.6 percent after the company announced a plan to repurchase stock for the first since Warren Buffett took control in 1965. Investors have been on edge about Europe’s debt problems for months. The Dow plunged 6.4 percent last week, its biggest drop since the week ended Oct. 10, 2008 at the height of the financial crisis. The market’s volatility has made many investors nervous. Since the first week of August, the Dow has closed up or down more than 200 points a total of 16 times. There were only four swings of 200 points or more in the other seven months of 2011. President Barack Obama said in a town hall meeting that Europe’s financial crisis “is scaring the world” and that the actions the region’s leaders have taken so far “haven’t been as quick as they need to be.” Greece is at risk of defaulting on its debt next month if it does not receive the next installment of a bailout package. If that happens, banks that hold Greek bonds would lose money. Analysts also worry that the economies in Europe and the U.S. could slip into another recession. News that sales of new homes in the U.S. fell to a six-month low briefly sent indexes lower in morning trading, but by midday Eastern the Dow and S&P were higher. Boeing Co. rose 4.2 percent after the company delivered its first 787 aircraft to Japan’s All Nippon Airways. An analyst said the company’s earnings should rise for the next few years if the aircraft maker is able to maintain steady production. Clorox Co. fell 4.3 percent after Carl Icahn withdrew his proposal for a new slate of directors. That suggested the activist investor was unable to find a buyer for the consumer products company.Eastman Kodak Co. plunged 26.9 percent after the company borrowed $160 million because most of its cash is deposited overseas. Some analysts took that as a sign that the company is running out of cash as it tries to reinvent itself in the era of digital photography.
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BAE cuts nearly 3,000 UK jobs
Defense contractor BAE Systems PLC confirmed Tuesday it is cutting around 3,000 jobs in Britain.The news follows days of speculation over possible job losses. British unions say the cuts will deal a “hammer blow” to U.K. manufacturing.BAE said in a statement that the job losses are “in response to changes in key programs and the need to maintain competitiveness.”The company is facing difficult market conditions, in part due to cuts to government defense budgets. It faces defense-spending reviews in the U.K. and U.S.“Our customers are facing huge pressures on their defence budgets and affordability has become an increasing priority,” BAE’s Chief Executive Ian King said. “Our business needs to rise to this challenge to maintain its competitiveness and ensure its long term future.”BAE had earlier declined to confirm details of the job cuts until information about the redundancies could be relayed to staff at the affected U.K. sites in face-to-face briefings.London-based BAE Systems employs around 100,000 people worldwide — with about 40,000 staff in the U.K.In December, BAE announced plans to cut nearly 1,300 jobs due to sharp government spending cuts.
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Shutdown averted; disaster aid dispute surmounted
Ending weeks of political brinkmanship, Congress finessed a dispute over disaster aid Monday night and advanced legislation to avoid a partial government shutdown only days away.The agreement ensured there would be no interruption in assistance to areas battered by disasters such as Hurricane Irene and last spring’s tornadoes in Joplin, Mo., and also that the government would be able to run normally when the new budget year begins on Saturday.The Senate approved the resolution after a day of behind-the-scenes talks and occasionally biting debate, spelling an end to the latest in a string of standoffs between Democrats and Republicans over deficits, spending and taxes. Those fights have rattled financial markets and coincided with polls showing congressional approval ratings at historically low levelsThe breakthrough came hours after the Federal Emergency Management Agency indicated it had enough money for disaster relief efforts through Friday. That disclosure allowed lawmakers to jettison a $1 billion replenishment that had been included in the measure — and to crack the gridlock it had caused.The Democratic-controlled Senate approved the measure on a bipartisan vote of 79-12, sending it to the Republican-controlled House for a final sign-off. There was no immediate comment from House GOP leaders, although their approval for the measure seemed a mere formality after the party’s Senate leader agreed to it..”This compromise should satisfy Republicans...and it should satisfy Democrats,” said Senate Majority leader Harry Reid, who added that Budget Director Jacob Lew had informed him that FEMA did not need any additional funding to meet its needs for the final few days of the budget year.“It’s a win for everyone,” declared Reid, who had spent much of the past few weeks accusing Republicans of choosing to heed the wishes of tea party adherents rather than the needs of their own constituents battered by acts of nature.Senate Republican leader Mitch McConnell of Kentucky said it was a “reasonable way to keep the government operational.”But he got in a final jab at Democrats, noting that the disaster funds sought by the Obama administration and its allies in Congress were now known to be unneeded. “In my view, this entire fire drill was completely unnecessary,” he said.But not even the dispute-resolving agreement prevented Democrats from proceeding to a politically charged vote earlier in the evening that was designed to force Republicans to decide whether immediate aid to disaster victims or deficit concerns held a higher priority.And the rhetoric was far harsher during the day on the Senate floor, when Mary Landrieu, D-La., unleashed an unusually personal attack on House Majority Leader Eric Cantor, R-Va., saying the weeks-long controversy started when he said, “Before we can provide help we need to find offsets in the budget.”She called that “the Cantor doctrine” and said the controversy “could have been avoided if Cantor had just said, `I’m sorry, but I made a mistake.’ But instead of saying that, he doubled down,” she said.Laena Fallon, a spokeswoman for Cantor, responded that the Virginia Republican had “never said the things she alleged, he has only suggested that we ought to provide disaster aid dollars to those who need them in a responsible way — something that she’s voted to block despite the urgent need.”In fact, House Republicans insisted that any new disaster aid for the expiring budget year be offset by cuts elsewhere in the budget, a decision that Democrats seized on in hopes of reshaping the political terrain to their advantage.Because the House is on a one-week break, it was not immediately clear how the legislation would be cleared for President Barack Obama’s signature.
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Cessna Aircraft unveils new light business jet
Cessna Aircraft Co. introduced on Monday a new light business jet which it plans to build at one of its Kansas facilities. The Citation M2, unveiled to prospective buyers at a customer event in Wichita, aims to fill the market gap between the company's Citation Mustang and the Citation CJ planes.
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Holiday travel prices rise, and the longer you wait . . .
Flying over the holidays is going to cost more this year. And the longer you wait to book, the pricier it's likely to get. The average domestic airfare for the weeks of Thanksgiving and Christmas is $383, 4 percent higher than last year, according to Expedia.
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Deloitte sued for $7.6B in mortgage fraud case
A pair of lawsuits filed Monday claim that Deloitte & Touche LLP, one of the nation's largest accounting firms, should pay $7.6 billion in damages for failing through years of audits to detect massive fraud at a now-defunct Florida mortgage company.
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Perry urges Obama to halt air rules
Texas Gov. Rick Perry on Monday asked President Barack Obama to use his executive authority to prevent or delay implementation of stricter pollution standards, saying they will have an "immediate and devastating" effect on the state.
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Report: Poor review of BofA mortgage settlements
The Federal Housing Finance Agency failed to adequately oversee billions of dollars' worth of settlements between mortgage giants Fannie Mae and Freddie Mac and Bank of America, a government watchdog said.
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Enbridge: Mich. oil spill cleanup may cost $700M
A pipeline company is increasing its estimate of the cleanup cost of last year's more than 800,000 gallon oil spill that contaminated southern Michigan's Kalamazoo River.
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Japanese manufacturer to expand Peru, Ill., plant
A Japanese manufacturer says it will expand its north-central Illinois factory, which makes parts and trim for the automotive industry. Gov. Pat Quinn on Monday announced that Eakas Corp. will invest $35 million to expand its Peru facility, which will create 25 new Illinois jobs. Quinn is currently traveling in China.
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Oil rises above $82 on Europe debt progress hope
Oil rose above $82 a barrel Tuesday in Asia, following stock markets higher amid hopes that Europe was finally girding for a major program to prevent debt-strapped Greece from going bankrupt.
Life & Entertainment
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MTV doubles down on the O Music Awards
MTV is bringing back the O Music Awards just months after debuting the digitally minded awards show. In late April, the network premiered the OMAs, a fan-friendly celebration of digital music. Sharply distinct from regular award shows, it featured interactive, fan-voted awards that culminated in a live, multiplatform webcast on MTV Music Group websites. The O Music Awards 2 will take place Oct. 31.
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Three cheers for Wildcat cookbook
"Willie's Wildcat Cookbook" is hot of the presses in time for NU tailgating and is the brainchild of Joann and Don Skiba of Wheeling; pick up a Drink N' Plate for easy tailgate eating; veal chorizo made in Wisconsin now available in the suburbs.
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Rogen, Reiser talk about ‘50/50'
Seth Rogen and Will Reiser give Dann a few minutes to talk about "50/50" and the true story behind it. And who are the greatest and vilest villains on the silver screen? Join Dann and Raymond as they discuss their picks at the Schaumburg Township District Library.
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Lake tops, Bono flops on 2nd week of ‘Dancing'
Ricki Lake celebrated her top-scoring 23 points and 12 inches of weight loss; Rob Kardashian celebrated being a better dancer than his sister Kim; and Chaz Bono celebrated just getting through his routine on ABC's “Dancing With the Stars.” Bono landed in last place Monday night. He's counting on viewer votes to carry him through Tuesday's episode, when a second celebrity will be eliminated from the show.
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Sheen, studio settle lawsuit over ‘Men' firing
The studio that fired former “Two and a Half Men” star Charlie Sheen said Monday it has struck a deal with the actor to end their legal dispute. Warner Bros. Television released a statement saying that Sheen's lawsuit against the studio and series executive producer Chuck Lorre has been settled “to the parties' satisfaction.”
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Honeycrisp Apple Kuchen
Annie's Apple Kuchen
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Kuchen recipes makes the most of Honeycrisps
As summer transitions into fall, that cool breeze signals the arrival of baking season. Unlike spring that tiptoes in after a cold winter, autumn roars out of the gate offering the finest dessert fruit front and center: the crisp and juicy apple.
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Jett, GNR, Heart tapped for rock hall
Joan Jett and the Blackhearts, along with sister act Heart, Rufus with Chaka Khan, Guns `N Roses, hip-hop pioneers Eric B. & Rakim, glum glam Goths The Cure and The Small Faces/The Faces are on the list of Rock and Roll Hall of Fame nominees for the 2012 class released Tuesday.
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Archie's 70th looks at childhood cancer, help for families
For families of ill children, a night or two or even more at the Ronald McDonald House is one way to help focus on their ailing kids without having to shoulder the burden of hotel costs. It's a lesson that the gang in Riverdale — including Archie, Veronica, Jughead and others — will learn firsthand this week in the 70th anniversary issue, out Wednesday. When the kids at Riverdale High find out that a friend's sister has cancer, the gang chips in to help.
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Brandman’s prose doesn’t measure up to Parker’s
Michael Brandman, the Hollywood producer and screenwriter who worked on the made-for-TV Jesse Stone movies starring Tom Selleck, has taken on the task of continuing the Stone novels. Brandman’s “Robert B. Parker’s Killing the Blues” shows just how difficult it is to follow in the master’s footsteps.
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Schaumburg's John Barleycorn hits the spot
Whether named for an old British folksong or Jack London's eponymous novel detailing his own strange and twisted dance with alcohol, or, as is most likely, for the use of barley in malt liquor, John Barleycorn in Schaumburg — a sports bar/restaurant/ club — seems neither folksy nor reticent of its alcohol urging. But the malt liquor reference certainly has its place at this third location (the others are in Lincoln Park and Wrigleyville).
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‘Gears 3' firepower overcomes bland story
There's an old military adage that describes war as long periods of boredom punctuated by moments of sheer terror. Obviously video-game war is quite different. In "Gears of War 3," you're thrust into one battle after another, with just the occasional chance to catch your breath. It gets a little boring. Luckily you have plenty of new weapons to choose from to make firefights exciting and fresh.
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Jagger says SuperHeavy collaboration was ‘really easy'
Mick Jagger and Eurythmics founder Dave Stewart acknowledge that they took a gamble when they decided to form their all-star band, SuperHeavy. They had no idea if all the group's members, which include soulful singer-songwriter Joss Stone, Oscar-winning composer A.R. Rahman and reggae singer Damian Marley, would even have chemistry.
Discuss
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Prisons must treat, not just punish
A Daily Herald editorial says the case of a Buffalo Grove man imprisoned in Iowa shows yet again the shortcomings of a prison system that ignores treatment for the mentally ill.
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Cook County must revisit immigration policy
A guest view by Hanover Park Mayor Rodney S. Craig: When people commit a forcible felony upon officers of the law, they show no respect or value for the peace officers of our hometown. A Cook County ordinance speaks to misdemeanors; however, the practice in the jail appears to mock expectations of the county board.
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Want real change? Act locally
Columnist Susan Estrich: I don’t know how to change Washington. I’m not sure anyone does. But I know something about what it takes to turn around a high school. I know how to work locally. And at the end of the day, I feel like I might actually be making a difference.
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Money takers now outnumber suppliers
Letter to the Editor: All great democracies have committed financial suicide somewhere between 200 and 250 years after being founded. The reason? The voters figured out they could vote themselves money from the treasury by electing people who promised to give them money from the treasury in exchange for electing them. The number of people now getting free stuff outnumbers the people paying for the free stuff.
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Don’t need warrior for middle class
Letter to the Editor: President Obama doesn’t tell you that Warren Buffett pays capital gains while his secretary is paying income tax, which is like comparing apples to oranges. No, he just wants to be a warrior for the middle class. Well, we don’t need a warrior. We need a president who understands economics and knows how to create jobs — not class warfare.
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Real penalties needed for church to improve
Letter to the Editor: I would like to suggest that every country in which the Catholic Church operates adopt RICO type laws that allow for property confiscation when any organizations shows a pattern of criminality, like moving pedophiles from parish to parish. Just one church property, like St. Patrick’s Cathedral, confiscated and razed and the land turned into a public park where children could play unmolested would solve this “unsolvable” problem.
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Keep tax break for nonprofit hospitals
There are many valuable ways not-for-profit hospitals earn the privilege of tax exemption. They are charitable organizations and vital community resources. Free programs that focus on health education and screenings, cultural diversity, senior citizens, sexually abused children, emergency services and support groups help hospitals contribute to the well-being of our communities.
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Part-timers may need assistance too
Hopefully the president and Congress can add some benefits for part-time workers also. All people in the country should be served.
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Haunted house glorifies evil events
It is beyond imagination that anyone would glorify the grisly events surrounding the 1893 Chicago World’s Fair that are portrayed in the new Rosemont haunted house. Celebrating a deranged man’s actions should not be front page news.
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