Travel nightmare ahead, administration warns
The Obama administration issued a travel advisory Friday: Due to a budget standoff in Washington, flights will be delayed. That was the message from U.S. Transportation Secretary Ray LaHood, who...
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Discover CEO pay package drops to $9.9M
Discover Financial Services' Chairman and CEO David Nelms received a pay package worth $9.9 million last year, down 28 percent from 2011 mostly due to the lower value of his...
Investor urges sale of Strategic Hotels
A New York investment firm is urging Strategic Hotels and Resorts, the owner of the Intercontinental on Michigan Avenue and Fairmont in Millenium Park, to sell itself. The firm, Orange...
Orbitz confirms layoffs after tech overhaul
Orbitz Worldwide Inc. confirmed Friday it is laying off some staffers after completing a major technology overhaul. The online travel agency said in a statement that it is making "some...
Facebook reports hack attack, says user data safe
Facebook said on its website Friday that its systems were targeted by hackers in a "sophisticated attack." The social media site said its security team discovered the breach last month....
Orbitz loss swells in 4Q; shares soar
Online travel agency Orbitz Worldwide said Thursday its loss swelled in the fourth-quarter due to a huge write-down on the value of assets. But Wall Street was impressed with the...
Hyatt Hotels profit falls on charges
Hyatt Hotels Corp. said Wednesday that its fourth-quarter earnings tumbled as higher revenue was offset by a slew of one-time costs. The Chicago company earned $16 million, or 9 cents...
Maker’s Mark lowering proof to meet demand
Maker's Mark announced it is reducing the amount of alcohol in the spirit to keep pace with rapidly increasing consumer demand. In an email to its fans, representatives of the...
Illinois companies warn of 1,200 layoffs this winter
Illinois companies warned in January that they may lay off as many as 1,200 workers in the next two months, according to filings with the Illinois Department of Commerce and...
Caterpillar shares slip on lower dealer sales
¿¿Shares of Caterpillar Inc. are down slightly Friday after it reported lower dealer sales for the first time in over two years. The Peoria company said worldwide retail machinery sales...