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Updated: 2 hours 19 min ago

Channel 2's Jacobson and Kurtis back, but a bit rusty

4 hours 54 min ago
Lewis Lazare: It wasn't a perfect newscast. But there they were Wednesday night — iconic Chicago news anchors Bill Kurtis and Walter Jacobson reunited and reporting for duty once again as co-anchors of WBBM-Channel 2's 6 p.m. newscast. Looking just a tad anxious, Kurtis and Jacobson were seated at a brand-spanking-new anchor desk put in place just hours before their return to regularly fronting a WBBM newscast. The plan was to make this a straightforward report of the day's news. To a large extent that is what the two delivered.

Auto suppliers' stocks on the move?

Sun, 08/29/2010 - 06:00

Is it a good time to buy a car? Maybe, because of the model year-end discounting and the cheap money available to finance the purchase. But before you check out what's in dealers' stocks, consider whether your cash is better off in the stocks of the automotive industry instead.

Daley seeks to privatize Taste of Chicago, other services

Fri, 08/27/2010 - 06:01
Not even Taste of Chicago, the city’s premier lakefront festival, is immune from the worst budget crisis in modern history. Mayor Daley said Thursday he would seek to privatize the Taste, other lakefront festivals and an array of government staples — from animal care to fleet management and curbside recycling — to help erase a record $654.7 million shortfall.

Home is where the hurt is in today's housing market

Wed, 08/25/2010 - 10:00
Stuck -- that's how Yvonne Smith felt as she tried unsuccessfully for more than two years to sell her Evanston home. She recently agreed to an offer that's roughly 37 percent below her initial asking price, joining many other sellers who've had to revamp their expectations in what remains an ailing housing market here. A report from the Illinois Association of Realtors on Tuesday showed the end of federal tax credits and a continuing weak economy pushed home sales in the Chicago metropolitan area down 25.1 percent in July from a year earlier.

Channel 9 hires Bartel to help investigative team

Wed, 08/25/2010 - 10:00
Lewis Lazare: WGN-Channel 9 is beefing up its investigative efforts. The station has hired away the well-respected investigative producer Marsha Bartel, 52, from WFLD-Channel 32, where she had been working on investigative pieces with reporter Dane Placko, whose contract was just renewed. Bartel's last day at WFLD was Monday. She starts at WGN on Sept. 7.

'Slow repair' for condo market as experts look forward

Wed, 08/25/2010 - 10:00
David Roeder: In Chicago, where the cry "Wait 'til next year" is a common refrain, the condominium market is getting its own version of a losers' lament: "Wait 'til 2013." If you are a condo investor, owner, builder, Realtor or anybody else with a vested interest in rising condo prices, the market probably won't appear stable for three years.

Chicago 5th in U.S. for bedbugs

Wed, 08/25/2010 - 10:00
Bloodsucking bedbugs are biting in New York, and Philadelphia, and all over Ohio. The pest control company Terminix released Tuesday a list of the 15 most bedbug-infested cities, based on an analysis of call volume reporting bedbug infestations and of confirmed bedbug cases reported by sales professionals in 350 of the company's service centers.

Stocks recover following weak home sales report

Wed, 08/25/2010 - 10:00

NEW YORK (AP) — Bargain hunters picked through a beaten-down stock market Wednesday, helping major indexes recover from another slump triggered by disappointing economics reports.

July new home sales fall to slowest pace on record

Wed, 08/25/2010 - 10:00

WASHINGTON — Sales of new homes dropped sharply last month to the slowest pace on record, the latest sign that the economic recovery is fading.

Ex-Disney chief Eisner may run Tribune Co.

Wed, 08/25/2010 - 10:00

Former Walt Disney Co. chief executive Michael Eisner has emerged as a candidate for the chairmanship of Tribune Co. once its emerges from bankruptcy.

Durable goods orders rise 0.3 percent in July

Wed, 08/25/2010 - 10:00

WASHINGTON — Companies cut back on their investments in equipment and machines last month as the economic recovery lost momentum.

Mortgage applications rise 4.9 pct. on low rates

Wed, 08/25/2010 - 10:00

NEW YORK — A trade group says mortgage applications rose 4.9 percent last week as more borrowers refinanced at the lowest rates in decades.

Bad news on homes, goods adds to air of recession

Wed, 08/25/2010 - 10:00

WASHINGTON (AP) — It's starting to feel like another recession.

Daley pal suing developers with ties to Roti family

Wed, 08/25/2010 - 10:00

Businessman Fred B. Barbara, a longtime friend of Mayor Daley, is suing developers Thomas DiPiazza and Richard Ferro, accusing them of defaulting on a $3.4 million loan involving properties at 921 S. Jefferson and 210 E. 21st St. / 2016-2050 S. Prairie.

Quinn replaces chief of staff

Wed, 08/25/2010 - 10:00

Ethical lapses by Gov. Quinn's former chief of staff Jerry Stermer weren't a firing offense, the governor said Tuesday -- two days after they prompted Stermer's resignation.

Recent refinancers are faring better

Wed, 08/25/2010 - 10:00

Homeowners who had mortgages modified recently are faring better than those who did so earlier in the housing crisis, according to a report released Tuesday, possibly debunking predictions of a huge wave of defaults to come.

Stimulus: good, bad

Wed, 08/25/2010 - 10:00

President Obama's massive stimulus measure has created or saved as many as 3.3 million jobs and continues to boost economic growth in the second half of 2010, but it's come at a higher price tag than originally billed.

Gov. Quinn's chief of staff resigns amid ethics probe

Mon, 08/23/2010 - 06:01
Gov. Pat Quinn's chief of staff resigned Sunday after the Chicago Sun-Times posed questions about a probe of three politically oriented correspondences sent from his government e-mail account in possible violation of a state ethics law. In tendering his resignation, Jerry Stermer, 67, said he did not want to have findings against him by former Executive Inspector General James A. Wright overshadow the work of the governor, who is in a difficult election battle against Republican Bill Brady.

10-year-old Beverly boy is a Trump in the making

Sun, 08/22/2010 - 06:01
Joey McGuire is a busy guy. If he isn't hustling up more clients as "CEO" of Beverly Shoe Shine, he's publishing his hyper-local neighborhood newspaper -- the Joey McGuire Gazette. Or he's on the golf course, or taking a long weekend getaway with the family, or out with neighborhood fellas enjoying the good life. It took awhile to track him down. "This is Joey McGuire, CEO of Beverly Shoe Shine," he politely said into my voice mailbox. "I will be out of the town until next week. I will try to contact you when I return."

ShoreBank seized by regulators, gets overhaul

Sat, 08/21/2010 - 06:01
Federal regulators on Friday seized ShoreBank, the fabled South Side bank known for its community lending, and turned its good assets back over to its management team to be reopened as Urban Partnership Bank. The new leadership of Urban Partnership Bank comprises former First Chicago Corp. executives Bill Farrow and David Vitale, with Farrow serving as president and chief executive officer, and Vitale as chairman.
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