Daily Archive : Tuesday January 10, 2017

News

Sports

Business

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    Grain mostly lower, livestock mixed

    CHICAGO (AP) - Grain futures were mostly lower Wednesday in early trading on the Chicago Board of Trade. Wheat for March delivery was 10.60 cents lower $4.16 a bushel; March corn was down 5 cents at $3.5320 a bushel; March oats was up 1.40 cents at $2.28 a bushel while January soybeans lost 5.20 cents to $10.0020 a bushel. Beef lower and pork mixed on the Chicago Mercantile Exchange. February live cattle was .65 cent lower at $1.1888 a pound; January feeder cattle was down .63 cent at $1.3208 pound; February lean hogs gained .13 cent to $.6418 a pound.

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    Ian Parr, founder of CCS International in Oakbrook Terrace, said his company has started the Step Up program, which helps someone gain training and an education in the profession of estimators.

    CCS, Parr find ways to help others

    Ian Parr, founder of Oakbrook Terrace-based CCS International, talks about helping young people get a “step up” in the construction and estimating industries through a program at his company.

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    Fewer Americans Paid Obamacare Tax Penalty In 2016

    About 6.5 million Americans paid an average penalty of $470 for not having health insurance in 2015 - 20 percent fewer than the year before, according to data released Tuesday by the IRS. The IRS collected $3 billion, IRS Commissioner John Koskinen said in a letter to members of Congress. The individual mandate is the most unpopular part of Obamacare, surveys show, and both Republican congressional leaders and the incoming Trump administration have pledged to repeal it. If they don’t, the 2017 penalty for adults will be the same as in 2016 - $695 or 2.5 percent of household income, whichever is higher. In 2015, the penalty was $325 or 2.5 percent of income. About 85 percent of 2015 tax returns processed so far indicated taxpayers had qualifying health coverage all year, up from 81 percent for 2014, which the IRS reported last January. Almost 13 million taxpayers claimed one or more health care coverage exemptions. About three-quarters of the taxpayers who reported owing the tax payment also said they were due a refund, the IRS said. The agency cautioned that some data from 2015 is still being reviewed and its findings disclosed Tuesday were preliminary. Kaiser Health News (KHN) is a national health policy news service. It is an editorially independent program of the Henry J. Kaiser Family Foundation.

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    Southwest makes executive changes with an eye on succession

    Southwest Airlines makes executive changes that could point to the airline's next CEO

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    FILE - In this Nov. 7, 2016, file photo, ExxonMobil CEO and chairman Rex W. Tillerson gives a speech at the annual Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi, United Arab Emirates. President-elect Donald Trump and his pick for secretary of state, Tillerson, have much in common. Both are wealthy, long-time business leaders with broad international interests. But they’ve taken far different approaches to preparing for government service. Tillerson has severed his business ties. Trump has not. (AP Photo/Jon Gambrell, File)

    Cabinet picks must do more than Trump to avoid conflicts

    President-elect Donald Trump is stocking his administration with fellow wealthy business leaders _ and they're taking greater steps than he is to sever their corporate ties

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    Prince estate signs merchandising deal with UMG's Bravado

    Prince's estate has signed a merchandising deal naming Universal Music Group's Bravado unit as its exclusive branding and licensing partner worldwide

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    Senate Majority Leader Mitch McConnell of Ky. talks with reporters at Trump Tower in New York, Monday, Jan. 9, 2017, after meeting with President-elect Donald Trump. (AP Photo/Evan Vucci)

    McConnell outlines environmental wish-list for Trump action

    Senate Majority Leader Mitch McConnell is outlining a series of actions he hopes President-elect Donald Trump will take to overturn environmental regulations imposed by President Barack Obama

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    Small business optimism soars in NFIB December survey

    Company owners have higher expectations for the economy after the election

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    FILE - In this Jan. 9, 2017 file photo, President-elect Donald Trump talks with reporters at Trump Tower in New York. As a businessman, Trump has kept the courts busy. That is not likely to end when he enters the Oval Office, creating an unusual and potentially looming problem for a sitting president. (AP Photo/Evan Vucci, File)

    Lawsuits over Trump business threaten to tie up presidency

    Legal experts say lawsuits involving Donald Trump's business could tie him up in the courts for years, a potentially big problem when he assumes office

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    General Motors Chairman and CEO Mary Barra speaks about the financial outlook of the automaker, Tuesday, Jan. 10, 2017, in Detroit. The company issued an optimistic earnings forecast this year based on improved cost efficiencies and continued strong sales in North America and China. (AP Photo/Paul Sancya)

    General Motors exudes optimism, raises outlook for 2017

    General Motors expects to keep making a ton of money from pickup trucks and SUVs

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    Parkway Corporate Place, a three-building office campus in Schaumburg, was acquired by Sperry Equities LLC for $12.7 million.

    Schaumburg office campus sells for $12.7 million

    Parkway Corporate Place, a three-building office campus near Woodfield Mall in Schaumburg, was acquired by Sperry Equities LLC for $12.7 million.

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    Larry Isaacson

    Michael Silver names two managing partners
    Michael Silver & Company CPAs in Skokie announced Larry Isaacson, CPA and Jennifer A. Barliant, CPA became the firm’s managing partners.

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    Camping World expands in Dallas area

    LINCOLNSHIRE - Camping World Holdings announced aggressive plans for expansion in the state of Texas, with the proposed acquisition of the northern Texas RV-Max dealerships.

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    InvenTrust Properties Corp. acquired Campus Marketplace in San Marcos, California for approximately $73 million.

    InvenTrust Properties acquires California shopping center
    InvenTrust Properties Corp. has acquired Campus Marketplace, a 144,000 square foot Ralphs- and CVS-anchored center located in San Marcos, California, for approximately $73 million.

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    Packaging industry leader shares trends in the coming year

    Realizing new opportunities in a variety of industries, as well as uncovering new challenges, members of the packaging world and beyond turned their heads towards advancements that would not only generate greater potential in materials, design, manufacturing, sourcing and end-of-life opportunities, but leveraging that potential throughout the value chain and across practices.

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    First Midwest completes acquisition of Standard Bank & Trust

    First Midwest Bancorp has completed its acquisition of Standard Bancshares, Inc. and Standard Bank & Trust Company, based in Hickory Hills.

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    PMI searches for new executive director

    The board of directors for Plumbing Manufacturers International has hired Kittleman & Associates, LLC, a Chicago-based national search firm focused exclusively on CEO search in the non-profit sector, to search for the association’s new executive director.

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    GM's Opel sees higher sales in 2016, but Britain a concern

    General Motors Co.'s European unit says that sales of its Opel and Vauxhall brands rose last year to their highest level since 2011, but the performance was marred by a slide in British business after Britain voted to leave the European Union

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    FILE - This May 27, 2013, file photo, shows the head office and logo of Valeant Pharmaceuticals in Laval, Quebec, Canada. Valeant is selling its CeraVe, AcneFree and AMBI skincare brands to L'Oréal for $1.3 billion. Shares of the pharmaceutical company soared more than 13 percent in Tuesday, Jan. 10, 2017, premarket trading.(Ryan Remiorz/The Canadian Press via AP, File)

    Valeant sells $2B in assets to begin paying down debt

    Valeant will sell just over $2 billion in assets as it pays down debts after a year and a half of bruising backlash against some of its drug prices and government probes into the way it does business

Life & Entertainment

Discuss

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    From left, Mayor Gina Cunningham-Picek of Woodridge, Mayor Joseph Broda of Lisle, Mayor David Brummel of Warrenville and Mayor Steve Chirico of Naperville address petitions purporting to seek a merger of their towns.

    Editorial: Hopefully, court will swiftly end annexation ‘stunt’ involving Naperville and other towns

    A Daily Herald editorial says that the mysterious parties who have filed petitions to annex four DuPage County towns have wasted time and resources and taken attention away from the serious issues on the April 4 local ballot.

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    The radical hospitality of pro-life movement

    Columnist Kathryn Jean Lopez: Winning this issue should be beyond Republican vs. Democrat dynamics. It should be about “radical hospitality and generosity.”

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    President-elect Trumpschenko

    Columnist Kathleen Parker: First, a history refresher: For the past nine years, a smattering of Americans, most recently led by our now president-elect, have insisted that Barack Obama is a Muslim born in Kenya.

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    Women’s marches set across the nation
    A Buffalo Grove letter to the editor: I was pleased to read the Daily Herald’s article about the Woman’s March on Washington on Jan. 21

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    Headline shows truth of press bias
    A Gurnee letter to the editor: You wonder why the press is looked upon with disdain? Simply look at one of your headlines on the front page of Dec. 30, “Obama punishes Russia.”

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    What if Trump’s plans actually work?
    A Palatine letter to the editor: Let’s assume President Trump will convince manufacturers to make their products in the USA, creating perhaps a million jobs or more. What then?

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    Balance breeds respect
    A Buffalo Grove letter to the editor: You in the press are not being demonized but have been exposed, especially over the last eight years.

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    Today’s Opinion Page editorial cartoon
    Today’s Daily Herald Opinion page editorial cartoon

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