Kraft shareholders give ‘Mondelez’ thumbs up

Kraft Foods says shareholders approved the name “Mondelez” for its new global snack food business, which may put to rest the snickering that initially greeted the name. The Northfield-based company said Wednesday the name was approved by more than 90 percent of shareholders who cast a vote.

Groupon offers settlement for gift-card lawsuits

Daily deals site Groupon has offered a settlement to customers who filed lawsuits claiming that their Groupons had unlawful and undisclosed expiration dates or restrictions on when the deals could be redeemed.

Chicago Sun-Times owner Wrapports buys the Reader

The owners of the Chicago Sun-Times said Wednesday that they have acquired the Chicago Reader, bringing an enduring part of the alternative press under the same corporate umbrella as daily and weekly papers that span the Chicago region.

Macy’s partners with Chinese online retailer

Macy’s Inc. said Wednesday that it acquired a stake in the operator of a Chinese online retailer, which will start selling some of the department store chain’s private label merchandise next spring.

DePaul, Loyola to partner with 2 Chicago high schools

Mayor Rahm Emanuel’s efforts to provide high school alternatives to stop middle-class families from fleeing to the suburbs got a boost Wednesday with the announcement of new parnterships with DePaul University and Loyola University.

Katrina survivor launches food truck; credits education and God

The New Orleans cuisine truck parked outside Kennedy King College on Tuesday wasn’t just selling red beans and rice, gumbo, shrimp and grits, and other Cajun eats.

Proprietor Tracee Bright, a 38-year-old mother of four and 2010 graduate of the South Side school’s Washburne Culinary …

Regulators, lawmakers probe bank’s role in Facebook IPO

Regulators and a Senate panel are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst’s negative report about the company before the stock started trading.

Google owns Motorola Mobility. Now what?

Google says it has completed its acquisition of phone maker Motorola Mobility. Google says Dennis Woodside, previously president of Google’s Americas region, is Motorola’s new CEO. Departing CEO Sanjay Jha will help to ensure a smooth transition.

U.S. sales of new homes rose 3.3 percent in April

Sales of new homes rose solidly last month, adding to evidence of gradual improvement in the housing market. The Commerce Department says sales increased 3.3 percent in April from March to a seasonally adjusted annual rate of 343,000.

Google names new Motorola Mobility team

Google swiftly installed its own leadership team at Motorola Mobility, naming Dennis Woodside, 43, a sales and advertising executive who has spent the past three years immersed in online advertising, to replace Sanjay Jha, 49, an engineer who came to Motorola from chipset maker Qualcomm.

Couch potatoes have lost a friend; Glen Ellyn man invented first wireless TV remote

Couch potatoes everywhere, you owe a debt of gratitude to Eugene “Gene” Polley, who died Sunday at 96 at a Downers Grove hospital. Polley invented the first wireless TV remote control in 1955 while working as an engineer for Zenith. The “Flash-Matic” is now in the Smithsonian Institution.