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Old August 9th, 2007, 05:22 PM   #21
The Urban Politician
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Operations management group moving its headquarters to area
By Tribune staff
August 9, 2007
Chicago, the nation's No. 2 spot for association headquarters, after Washington, will add another organization to its roster shortly.
Tribune


Yet another article about this exciting prospect:

U. of I. may get fastest computer
U.S. agency favors putting it at center

By Jon Van | Tribune staff reporter
August 9, 2007
The University of Illinois at Urbana-Champaign would be the site of the world's fastest supercomputer under a recommendation from a federal agency Wednesday.
Tribune
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Old August 9th, 2007, 05:25 PM   #22
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Here is that other article that I couldn't access yesterday:

Will Wi-Fi in the sky fly?
INTERNET | Lower costs might help AirCell win where Boeing failed

August 8, 2007
BY HOWARD WOLINSKY [email protected]
Coffee, tea or Wi-Fi?


Itasca-based AirCell, the air-to-ground communications services company, by the end of the year will take wing with its broadband Internet service via Wi-Fi devices on board American Airlines. The service will use cellular phone towers on the ground to carry the Internet signals.
Sun Times
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Old August 10th, 2007, 09:02 AM   #23
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Indiana University: New $2 Billion Partner For Economic Development 8/9/2007
BLOOMINGTON, Ind. – With more than $2 billion in physical assets and a world-class reputation for academics and innovation, Indiana University (IU) will soon formally leverage its considerable intellectual muscle to grow the state of Indiana.
Midwest Business
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Old August 12th, 2007, 09:56 PM   #24
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Bitter battle in sweeteners
NutraSweet Co. is launching an assault on the tabletop market

By Mike Hughlett | Tribune staff reporter
August 11, 2007
NutraSweet is one of the most recognized names in the artificial sweetener world, but for years the Chicago-based company hasn't actually marketed a product under that name. That's changing, and in a big way.
Tribune



Can RAZR2 shave stubble off Motorola?

August 11, 2007
BY HOWARD WOLINSKY [email protected]
Motorola said Friday the next generation of its hugely popular RAZR thin clamshell phone -- one of the Schaumburg company's great hopes to spark a turnaround -- will be available from all major mobile phone carriers within 60 days.
Sun Times



Merc staff cuts begin this week
CME Group plans to send pink slips to hundreds of employees this week as it cuts costs following its acquisition of the Chicago Board of Trade. CME last week appointed its top 120 managers and announced the exit of 16 corporate officers, according to a memo obtained by Crain's. Some employees will be named to a "transition" team, delaying their departures by six to 10 months. CME plans to reduce its 2,200-strong workforce to 1,750. [Ann Saphir]
Crains



Associated Press
CME Group Reports Record Options Volume
Associated Press 08.09.07, 2:07 PM ET
CHICAGO - CME Group, which operates the Chicago Mercantile Exchange and Chicago Board of Trade, said Thursday it reached record options on futures volume on Aug. 8, driven by Eurodollar options.
Forbes



CME Group Achieves Record Volume in Interest Rate and Equity Contracts
PRNewswire-FirstCall

CHICAGO, Aug. 10 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse exchange, experienced record electronic volume yesterday in its benchmark Eurodollar futures contract with 5,246,828 contracts trading on CME Globex®, the exchange's electronic trading platform. The previous electronic record of 4,962,178 Eurodollar futures was set on February 27, 2007.
CME Group
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Old August 12th, 2007, 10:02 PM   #25
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You may or may not be able to access these:

Aug. 11, 2007
By David Sterrett
Putting Sara Lee back together
Can Barnes, deputy unite jumbled units to run 'like a normal company'?

Terrified of heights, Stephen Cerrone decided to climb Kilimanjaro, the highest mountain in Africa.
Crains



By Bob Tita
A Stone rolls into China deal scene
Former cardboard king hunts acquisitions via IPO


After convincing investors to trust him with $120 million, Roger Stone wants them to let him spend $300 million of their money in China.
Crains
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Old August 14th, 2007, 05:48 AM   #26
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Honey, I shrunk the technology
SCIENCE | NU making a big difference in the world of nanotech

August 13, 2007
BY HOWARD WOLINSKY [email protected]
On the fourth floor of Building P at the Illinois Science and Technology Park in Skokie, Nanotope is developing breakthrough technology in regenerative medicine.

Already, it has shown that paralyzed mice can regain the ability to walk after being injected with Nanotope's regenerative nanomaterial. Human tests should begin in a few years for the technology developed at the lab of Northwestern professor Sam Stupp, director of the Institute of BioNanotechnology in Medicine at Northwestern University.
Sun Times



Call it 'Nano U.'
EDUCATION | NU's 'visionary' leader seized the day

August 13, 2007
BY HOWARD WOLINSKY [email protected]
Mark Ratner, one of Northwestern University's world-class nanoscientists, attributes much of Nano U's success to the leadership of its "visionary" president, Henry Bienen, and the NU board.
Sun Times



Marketing is music to his ears
TECH MATTERS | VerveLife offers free downloads in exchange for information

August 13, 2007
BRAD SPIRRISON [email protected]
As the advertising industry marches to the beat of a digital drummer, consumers have a new reason to sing a different tune.
Thanks to technology developed by Chicago-based VerveLife, customers of Budweiser, Burger King and Unilever can download many of these songs free.
Sun Times



CME cutting 380 jobs
By Robert Manor | Tribune staff reporter
3:17 PM CDT, August 13, 2007
The CME Group, the newly merged Chicago Board of Trade and Chicago Mercantile Exchange, said Monday it will reduce its combined work force by 380 positions.
Tribune
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Old August 14th, 2007, 05:54 AM   #27
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Last updated: August 9, 2007 12:13pm
Morgan Expands to 34,000 SF at 77 W. Wacker
By Gina Kenny

CHICAGO-Morgan Lewis and Bockius, a law firm based in Philadelphia, PA, has renewed and expanding its lease at the United Building, 77 W. Wacker Dr. The firm is expanding by 11,430 sf for a total of 34,157 sf in the 50-story office building, owned by Chicago-based Prime Group Realty Trust.
Globe St



Orbitz loss narrows on more hotel bookings overseas
By Danny King | Bloomberg News
5:37 PM CDT, August 13, 2007
Orbitz Worldwide Inc., the Internet travel agency taken public last month by buyout firm Blackstone Group LP, said its second-quarter loss narrowed as travelers made more international hotel reservations.
Tribune



Aug. 13, 2007
CME Group sets daily volume record
(AP) — CME Group, which operates the Chicago Mercantile Exchange and Chicago Board of Trade, said Monday it set a new volume record on Friday, when 4.3 million options on futures traded.
Crains
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Old August 14th, 2007, 10:55 PM   #28
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http://www.chicagotribune.com/busine...i_tab04_layout

Freed to move in to former Carson's store downtown

By Sandra M. Jones
August 14, 2007


Joseph Freed and Associates LLC plans to move its headquarters early next year from Palatine, where it has been based for more than 30 years, downtown to the Sullivan Center, the former home to the Carson Pirie Scott & Co. flagship.

The commercial development firm will occupy 50,000 square feet and employ 125 workers.
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Old August 15th, 2007, 05:22 AM   #29
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Nanotech firm files for IPO
By Mike Hughlett | Tribune staff reporter
Nanosphere Inc., a pioneering Northbrook-based nanotechnology firm, Monday filed for an initial public stock offering, intending to raise up to $100 million.
Tribune



Chicago's convention industry trying to impress this crowd
Chicago's convention industry is straining to impress 7,000 attendees at the American Society of Association Executives gathering

By Kathy Bergen | Tribune staff reporter
August 14, 2007
By Chicago convention size standards, the American Society of Association Executives annual gathering is small potatoes.

But the city's hospitality industry is tripping over itself to make these association executives happy, at an estimated cost of $1 million in cash and donated services.
Tribune



Aug. 14, 2007
Jones Lang LaSalle buys L.A. brokerage
(Reuters) — Global real estate services company Jones Lang LaSalle Inc. said on Tuesday it bought closely held Los Angeles-based Zietsman Realty Partners Inc., boosting its presence in the U.S. real estate brokerage sector.
Crains



Aug. 14, 2007
By David Sterrett
Wrigley's ads for 5 gum have futuristic feel
(Crain’s) — Wm. Wrigley Jr. Co. unveiled a marketing campaign for 5, its new sugar-free stick gum. The television, print and movie theater advertisements launched this week have a futuristic feel and are designed to convey how the gum stimulates all five senses.
Crains



Another article on this:

Reporter’s Notebook on VerveLife: A Chicago MP3 For Your Thoughts 8/14/2007
CHICAGO – Ad agency VerveLife, which is based 25 stories above Chicago’s Magnificent Mile, helps consumers and brands make music together.
The 4-year-old company expects to generate $10 million in 2007 revenue and is in the process of raising a multimillion-dollar venture capital round, according to VerveLife founder and CEO Justin Jarvinen.
Midwest Business
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Old August 15th, 2007, 05:19 PM   #30
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Quote:
Originally Posted by spyguy View Post
http://www.chicagotribune.com/busine...i_tab04_layout

Freed to move in to former Carson's store downtown
^ Does anybody else suspect that TIF money had a lot to do with this move? I can see it now:

City: We'll grant you TIF funds for your renovation, but with the clause that you move your headquarters downtown
Freed: Sounds like a deal

We all know Daley loves using TIF's for this purpose
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Old August 15th, 2007, 11:24 PM   #31
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Wasn't sure if this should go here or the cultural develop thread, I guess here makes more sense. Good read on the economic status and state of local Chicago music scene.

Quote:
http://leisureblogs.chicagotribune.c...-breaking.html


'A music city in hiding': Study tweaks City Hall for ignoring hometown scene's riches


A ground-breaking study sent to Mayor Richard Daley and city officials this week concludes that Chicago lags behind smaller cities in nurturing and profiting from its homegrown music community.

Despite having one of the most lucrative and vibrant music scenes in North America, the University of Chicago study describes Chicago as “a music city in hiding.”

The economic survey, sponsored by the two-year-old music-community advocacy group the Chicago Music Commission, touts itself as the first comparative music study of music industries and scenes in the 50 most populous metro areas in the U.S.[B] It found that Chicago ranks third in overall size of music industry, third in the numbers of concerts, and fifth in the number of music groups and artists employed.......
more in link
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Old August 16th, 2007, 06:43 AM   #32
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Aug. 15, 2007

Law firm to expand at Two Prudential Plaza
By Alby Gallun and Eddie Baeb

(Crain’s) — Law firm Leydig Voit & Mayer Ltd. has agreed to expand its offices at Two Prudential Plaza, signing a lease for 70,400 square feet in the East Loop skyscraper.
Crains



Wednesday, August 15, 2007
David Coates The Detroit News
Biodiesel gets boost in Mich.
State's largest biodiesel plant opens in Adrian; it will use animal fats and soybean oil to make fuel.

Eric Morath / The Detroit News

ADRIAN -- Michigan's future as an alternative fuel leader took a step forward Tuesday with the opening of the state's largest biodiesel plant to date.
Detroit News
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Old August 16th, 2007, 07:12 PM   #33
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Great news! (first article)

Stole a second paragraph. Sorry :

NU adds star to nanotech roster
Hiring boosts effort to be industry leader

By Jon Van | Tribune staff reporter
August 16, 2007
Northwestern University has hired one of the world's leading experts on nanotechnology as part of a multimillion-dollar drive to become the undisputed leader in that emerging field.

Recruiting J. Fraser Stoddart and his team of 20 researchers from the University of California at Los Angeles brings another star to Northwestern's roster of big name scientists who seek advances by manipulating matter at the molecular level. The move also boosts Chicago's effort to become a center of the future's nanotech industry, much as Silicon Valley became a hotbed for the computer industry.
Tribune



Last updated: August 15, 2007 09:08am
Chicago Office Vacancy Drops, Rates Increase
By Gina Kenny

CHICAGO-Office vacancy rates have been declining in both the city and surrounding suburbs, and lease rates are increasing, according to second quarter office market reports. The vacancy rates are expected to continue to decrease until buildings currently under construction start to come online in 2009. Only one new building is expected to be delivered both this year and next year and, then, four million sf to five million sf is expected to be delivered beginning in 2009, says Jones Lang LaSalle managing director Steve Smith.
Globe St
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Old August 16th, 2007, 07:54 PM   #34
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and..

I couldn't help but post a few more interesting tidbits about this proposed supercomputer coming to UIUC:

Excerpt:

Track 1: A Leadership-Class System

In the first award, the University of Illinois at Urbana-Champaign (UIUC) will receive $208 million over 4.5 years to acquire and make available a petascale computer it calls "Blue Waters," which is 500 times more powerful than today's typical supercomputers. The system is expected to go online in 2011.

Under the direction of Dr. Thomas Dunning, Blue Waters will reside at UIUC where it will be operated by the National Center for Supercomputing Applications and its academic and industry partners in the Great Lakes Consortium for Petascale Computation. The system may be used, for example, to study complex processes like the interaction of the Sun's coronal mass ejections with the Earth's magnetosphere and ionosphere; the formation and evolution of galaxies in the early universe; understanding the chains of reactions that occur with living cells; and the design of novel materials.

The project will also impact the preparation of a new generation of students with the skills required to make effective use of high-performance computing in academia and industry. UIUC and its partners, including the Southeast Universities Research Association, the Great Lakes Consortium and the Shodor Education Foundation, will integrate petascale computing into pre-college and college education and develop a new virtual school of computational science and engineering that will have an impact on a national scale..
http://www.nsf.gov/news/news_summ.js...=OCI&from=news
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Old August 18th, 2007, 05:47 AM   #35
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Hartmarx acquires Monarchy sportswear company
By James P. Miller | Tribune wire report
9:05 AM CDT, August 17, 2007
Hartmarx Inc. said late Thursday that the Chicago clothing maker paid $12 million to acquire the assets of Monarchy LLC, a California-based maker of casual sportswear for men and women.
Tribune



Baxter, UK sign flu vaccine pact
Testing of firm's H5N1 defense in final stages

By Bruce Japsen | Tribune staff reporter
August 17, 2007
Baxter International Inc. said Thursday that it has entered into an "advanced supply agreement" with the United Kingdom's Department of Health to supply it with the company's bird flu vaccine as an option should the World Health Organization declare a pandemic.
Tribune

I was going to post the news about Sentinel's assets being bought out by Citadel, but then it got complicated
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Old August 20th, 2007, 04:51 AM   #36
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Aug. 19, 2007
By David Sterrett
Fortune Brands needs a shot of Absolut

When the Swedish government moves to unload the parent of vodka giant Absolut later this year, Fortune Brands Inc. CEO Norman Wesley has said he plans to belly up to the bar with a bid.
Crains



City coffers feeling tax bite
Shortfall | Transfer tax, land sales, building permits contribute
August 17, 2007
BY BONNIE MCGRATH Special to the Sun-Times
Chicago officials have been laying some of the blame for budget shortfalls on the weakening of the local real estate market, and in fact, there is a connection between the slowdown in property sales and a smaller amount of money in city coffers.
Sun Times



By Ann Saphir, Steve Daniels and Steven R. Strahler
Credit woes hitting here
Private equity, banks, real estate brokers feel housing's sting
Real estate deals scuttled, local lenders rattled and Chicago's biggest hedge fund clipped.
Crains



By H. Lee Murphy
Nanophase paints bright future
Drawing more revenue from Home Depot line

Nanotechnology, manipulating materials at the molecular level to change surface characteristics, is involved in some mundane products. For Romeoville-based Nanophase Technologies Corp., first it was sunscreen, and now paint.
Crains



By Steve Daniels
Look out, B of A, rival's on the way
Mesirow chief Tyree sees room for another bank; will LaSalle's CEO jump?
James Tyree looks at Bank of America Corp.'s pending buyout of LaSalle Bank Corp. and sees an opening.

The CEO of Chicago-based Mesirow Financial Inc. wants to buy or start a commercial bank. He says he'd like nothing better than to team up with executives and business lenders from LaSalle in that venture.
Crains
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Old August 20th, 2007, 04:58 AM   #37
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Forbes has released this year's list of top business schools.

Chicago and NYC are the only 2 cities that have 2 schools in the top 10.

The midwest has 4 schools in the top 20, and 12 in the top 50. Michigan State University's business school cracked the top 20, which surprised me.

More at Forbes
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Old August 20th, 2007, 06:06 PM   #38
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http://www.chicagotribune.com/news/l...1,663496.story

'X' marks Fermilab future
A proposed $500 million particle accelerator could help it land an even bigger project

By Jeremy Manier
August 20, 2007


Fermilab is floating plans for a new $500 million particle accelerator in hopes of paving the way for a much larger project and shoring up the lab's fragile position in the world of high-energy physics.
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Old August 22nd, 2007, 05:42 AM   #39
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Shareholders approve Tribune sale
By James P. Miller | Tribune staff reporter
4:25 PM CDT, August 21, 2007
Tribune Co. shareholders this morning formally approved the company's $8.2 billion plan to be taken private, with 97 percent of the shares voted cast in favor of the $34-a-share buyout led by a group that includes Chicago real-estate mogul Sam Zell.
Tribune



Production of 787 could grow to 10 planes per month from 7
Bloomberg News
August 21, 2007
Boeing Co. might boost production of its new 787 to 10 per month from seven "in the next few weeks," according to the general manager of the Italian company that is providing fuselages for the Dreamliner.
Tribune



Aug. 21, 2007
By Paul Merrion
Chicago hires new lobbyist to head D.C. office
(Crain’s) — Chicago has hired a new lobbyist to head its Washington office.

Bandele McQueen, 36, a former prosecutor with ties to the House Democratic leadership, will replace Peter Halpin, 57, who is planning to work for a private sector lobbying firm after heading the office for the last two years.
Crains



Reporter’s Notebook: Ifbyphone’s Irv Shapiro Takes Third Bite at Apple 8/21/2007
SKOKIE, Ill. – Serial entrepreneur Irv Shapiro is about to close a $3 million venture round for his latest company, Ifbyphone, in Skokie, Ill. Shapiro previously founded Metamor Technologies (which grew to $50 million in revenue before he sold it in 1997) and educational software developer Edventions. Shapiro discusses why his third venture has the right sell.
Midwest Business
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Old August 22nd, 2007, 04:37 PM   #40
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http://www.suntimes.com/business/520...wage22.article

Workers in Chicago get a reason to smile

COMPENSATION | 3.9% pay hike could top national average

August 22, 2007

BY FRANCINE KNOWLES [email protected]

Chicago workers should have more reason to be pleased with their paychecks than their counterparts across the country next year.
The pay of employees in Chicago is expected to rise 3.9 percent in 2008, which means for the second year in a row the increase will beat the national average, according to Hewitt Associates annual survey...
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