business
50 shareholders protesting tax break forced out of CME meeting
Fifty protesting shareholders were escorted out of the CME Group Inc. annual meeting after demanding that the company pay its “fair share” of taxes.
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Chef Rick Bayless wants to add Midway Airport restaurant
Celebrity chef Rick Bayless, who has two restaurants at O’Hare International Airport, is hoping to land a spot at Chicago Midway International Airport.
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Gas prices drop in time for Memorial Day travel; hotels, airfares rise
As Memorial Day weekend approaches, gasoline prices will continue to put less of a hurt on your wallet thanks to the continuing plunge in oil prices, which dropped below $90 a barrel for the first time in seven months Wednesday. But travelers will pay more for hotels and airfares this holiday weekend.
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Ferrara Pan Candy to merge with Farley’s & Sathers
Forest Park-based Ferrara Pan Candy — maker of Lemonheads and Atomic FireBalls — and Farley’s & Sathers Candy Co. of Minnesota announced Wednesday the two will merge.
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Groupon’s Mason shares tales of early failures
Groupon CEO and founder Andrew Mason returned to his alma mater Wednesday to tell upcoming entrepreneurs how it’s done — and not done — while sharing that the company plans to continue growing in Chicago.
Hewlett-Packard laying off 27,000 workers in restructuring
Hewlett-Packard says it’s laying off 27,000 workers, 8 percent of its work force, as it restructures the business.
BP to pay $400 million to reduce pollution at Whiting refinery
BP has agreed to spend about $420 million on fines and upgrades at its refinery in Whiting, Ind. to reduce air pollution by about 4,000 tons per year.
Late rally erases steep losses on Wall Street
Stocks are ending the day mixed after a sharp recovery in the last hour of trading. The Dow closed down seven points Wednesday at 12,496. It had spent most of the day down more than 100 points. The S&P 500 index rose two points to 1,319.
No joke: Kraft OKs ‘Mondelez’
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 …
Facebook stock climbs, but company faces lawsuits
Facebook’s fourth day of trading as a public company saw an increase in the company’s stock price and shareholder lawsuits related to the social network’s botched initial public offering.
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.
