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  • Alibaba said to get $43 billion of orders in debut bond offering Nov 21, 2014 1:01 AM
    Alibaba Group Holding Ltd. has $43 billion of orders from investors in a debut bond offering, more than five times what the company was said to be seeking, people with knowledge of the deal said. Asia’s biggest Internet company plans to sell the debt in a seven-part transaction as soon as today, said the people , who asked not to be identified because the details are private. Alibaba was planning to raise as much as $8 billion to repay a loan, other people with knowledge of the offering said last week.

     
  • House GOP sues administration over health care law Nov 21, 2014 2:03 PM
    House Minority Leader Nancy Pelosi criticized Republicans for spending taxpayer money to use a private attorney to bring a “meritless” case. “This lawsuit is a bald-faced attempt to achieve what Republicans have been unable to achieve through the political process. The legislative branch cannot sue simply because they disagree with the way a law passed by a different Congress has been implemented,” said Pelosi, D-Calif.

     
  • Ford’s new F-150 to get 26 mpg, tops among pickups Nov 21, 2014 1:59 PM
    Doug Scott, Ford’s truck marketing manager, said the majority of truck customers aren’t solely focused on fuel economy. The new F-150 beats its rivals in both towing — of up to 12,200 pounds — and payload of up to 3,300 pounds.

     
  • Jobless rates fall in two-thirds of U.S. states Nov 21, 2014 2:05 PM
    Steady economic growth has prompted more companies to add jobs, though the additional hiring hasn’t yet boosted wages. Nationwide, employers added 214,000 jobs in October, the ninth straight month of gains above 200,000.

     
  • Naperville renovating 2 library branches for $1 million Nov 21, 2014 4:17 PM
    Renovations to bring more power plugs, better lighting and new furniture to Naper Boulevard Library in Naperville will cost $1.1 million under bids the library board approved this week. The contracts also include some work at Nichols Library downtown to create space for a business incubator called NaperLaunch. “We’re very excited about it,” Executive Director Julie Rothenfluh said.

     
  • ‘Light Up Mainstreet’ to enhance holidays in Libertyville Nov 21, 2014 4:21 PM
    The holiday atmosphere in downtown Libertyville will get a boost this year with the return of a little more sparkle. After an absence of many years, white lights again will be strung on the roof lines of buildings along Milwaukee Avenue for the “Light Up MainStreet” project. The added touch comes courtesy of MainStreet Libertyville, the downtown redevelopment group.

     
  • New study shows impact of military in Illinois Nov 21, 2014 4:03 PM
    A new study shows the military and defense industry supports $13.3 billion in economic activity in Illinois. The statewide economic impact study was released Thursday by the Lt. Governor Sheila Simon’s office and the Illinois Chamber of Commerce Foundation.

     
  • Dow, S&P 500 push further into record territory Nov 21, 2014 4:10 PM
    The latest records extended a comeback in the S&P 500, which has increased 11 percent since plunging in mid-October.Investors on Friday cheered news of an interest rate cut in China and the possibility that Europe’s central bank will step up stimulus efforts in the region.

     
  • Fall harvest nearly complete in central Illinois Nov 21, 2014 4:10 PM
    A successful harvest season is wrapping up in central Illinois as farmers finish gathering their corn and soybean crops from the fields.

     
  • Wolves GM leads charge against epilepsy Nov 21, 2014 12:14 PM
    For Chicago Wolves general manager Wendell Young, the team's efforts this weekend for epilepsy awareness are personal. Young's son, Matthew, was diagnosed in 2013 with epilepsy, and he has not let it hinder his life or his budding career as a cinematographer.

     
  • Millions of cars need air-bag fix as senate grills auto industry Nov 20, 2014 8:31 AM
    The world’s biggest automakers have fixed a fraction of almost 8 million cars recalled for Takata Corp. air bags, providing fuel for a U.S. Senate committee grilling the industry today for its handling of the crisis. About 6 percent of affected vehicles recalled by 10 carmakers have been replaced, according to Bloomberg News calculations based on figures provided to the National Highway Traffic Safety Administration.

     
  • Gallagher appoints new director Nov 20, 2014 10:14 AM
    D. John Coldman has been appointed to serve on Itasca-based Arthur J. Gallagher & Co.’s board of directors. Coldman has more than 45 years of insurance brokerage, management and financial services experience.

     
  • Caterpillar gives record $12.8 mil to United Way Nov 20, 2014 10:14 AM
    Peoria-based Caterpillar Inc. employees and retirees have pledged a record more than $6.4 million to the United Way this year. Add the Caterpillar Foundation dollar-for-dollar match, and United Ways across the nation will receive a combined total of more than $12.8 million.

     
  • Gallagher acquires Iowa agency Nov 20, 2014 10:14 AM
    Itasca-based Arthur J. Gallagher & Co. said it has acquired Miller-Harrison Insurance Services in Muscatine, Iowa. Terms of the transaction were not disclosed.

     
  • Coldwell Banker Residential Brokerage Deerfield Office Announces Affiliation With Elizabeth Bauler Nov 20, 2014 11:24 AM
    Coldwell Banker Residential Brokerage recently announced that Realtor Elizabeth Bauler is now affiliated with their Deerfield office.

     
  • Minivans do poorly in new crash tests Nov 20, 2014 11:00 AM
    The Honda Odyssey was the only minivan to earn the highest safety rating in new crash tests by the insurance industry. The Insurance Institute for Highway Safety said Thursday that the Nissan Quest, Chrysler Town and Country, and Dodge Caravan all garnered the lowest rating on the small overlap front crash test, which replicates what happens when a vehicle’s front corner collides with another object at 40 miles per hour.

     
  • Soaring generic drug prices draw Senate scrutiny Nov 20, 2014 4:41 PM
    Some low-cost generic drugs that have helped restrain health care costs for decades are seeing unexpected price spikes of up to 8,000 percent, prompting a backlash from patients, pharmacists and now Washington lawmakers.

     
  • Developer parries Buffalo Grove plan commissioners questions Nov 20, 2014 4:19 PM
    Buffalo Grove’s new planning and zoning commission held its first workshop on the Buffalo Grove downtown proposal Wednesday at the very village hall that would be razed to make developer Chuck Malk’s vision of a mixed-use development on the village office campus and golf course a reality.Following Malk’s formal presentation, commissioners didn’t waste any time applying their scalpels.

     
  • Aurora first of 6 new sites for ILoveKickboxing.com Nov 20, 2014 4:58 PM
    Kukec's eBuzz column features Dennis de Ramos, a former marketing manager at IBM in Schaumburg, is now a new franchise owner of ILoveKickboxing.com, which offers a physical workout without the typical treadmills and bicycles. It also offers a social networking component that reaches out to members. An Aurora studio is set to open by Dec. 18, and five more in the next 3 years.

     
  • Northwest Community gets new surgical robot technology Nov 20, 2014 5:56 PM
    Northwest Community Healthcare surgeons recently performed the first surgeries in the Chicago area using the new da Vinci XI technology — a four-armed robot that offers greater range of motion and reach, officials said. “NCH is excited to be the first in the Chicago area with the next generation surgical system as part of our continued effort to offer significant surgical advancements to the community,” said Michelle Luthringshausen, director of robotics at NCH.

     
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