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Thursday, October 22, 2009

Largest US sting on drug cartel arrests 300-plus - Yahoo! News

Largest US sting on drug cartel arrests 300-plus - Yahoo! News

In the largest single strike at Mexican drug operations in the U.S., authorities arrested more than 300 people in a sting that demonstrates an upstart cartel's vast reach north of the border.

Crain's Daily News Alert prepared for Top Executives




 

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CHICAGOBUSINESS

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Daily Business Briefing

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TOP HEADLINES Thursday, October 22, 2009

· Video: Hired at home

· Former Tribune editors to supply New York Times with Chicago content

· Metro jobless rate at 10.1%

· McD's says strong September helped boost Q3 results 6%

· Caterpillar exec tapped as company's next CEO

· Metra disrupted by derailed freight train

· Developer drops plans for lifestyle center

· In brief: Law firm renewal | Rezko | Mag Mile Marriott

· 10 things to do this weekend 

CRAIN'S BLOGS

· White Sox launch new tech venture; Guillen to be part of Fox's Series coverage: Biz of Sports

· Guv wants $14B U.S. loan guarantee; Quinn makes re-election effort official: Greg Hinz

· Chicagoans spend less, save more; bakeries cook up online strategies: Enterprise City

· Luxury homebuyers still out there, according to builders: Taking Names  

Final Markets

Dow Jones

10,081.31

+131.95

+1.33%

NASDAQ

2,165.29

+14.56

+0.68%

Crain's Index

85.01

+1.060

+1.263%

» View Other Top Headlines

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OTHER HEADLINES

· Panel votes for new agency on financial oversight New York Times

· U.S. pay czar: Goal is to get taxpayer money back MarketWatch

· Smokers help cops snuff out three criminals in South Loop Chicago Sun-Times

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TODAY'S FEATURES

Special Feature

Chicago Business Today — Oct. 22

This economic downturn is forcing some in the younger generation to give up on dream jobs to join their parents in small, family-owned businesses. Read More


· Accounting's day of reckoning

· Enterprise City — a small-business blog

· Check, Please! visits La Scarola

· Society: Chicago Public Library Foundation

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Treasury: bailed-out firms to slash pay in Nov. - Yahoo! News

Treasury: bailed-out firms to slash pay in Nov. - Yahoo! News

The Treasury Department is ordering companies that received billions of dollars in government bailouts to halve total compensation for their top executives. But the big reductions will not apply to pay earned before November.

The Illinois Consumer Installment Loan Act allows entities like The Payday Loan Store of Illinois to charge any interest they want. Does this help our economy? Why is this allowed? What legislators of Illinois were involved in passing this Act? The people who are borrowing this money are the people suffering from the billions of dollars "stolen" by the people who are being bailed out.

Quinn Announces His Candidacy For Governor - WGN

Quinn Announces His Candidacy For Governor - WGN

Gov. Pat Quinn officially announced his candidacy for governor this morning at Hotel Allegro downtown.

Does Governor Quinn know about the Illinois Consumer Installment Loan Act? This Act allows an entity to charge any interest rate they want on a loan. Who is responsible for passing this Act? What government official is lining his/her pockets with "loot" gathered from this Act?

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Top Stories

Thursday, October 22, 2009


Metra: 12 hours to repair tracks | VIDEO
A freight train derailment that disrupted service for many commuters on Thursday morning may tie up the evening rush as well.

City, suburbs offer free H1N1 vaccines | VIDEO
As the number of cases continues to grow, free H1N1 flu vaccines become available in the Chicago area.

Baby delivered after mom's death dies | VIDEO
A premature baby boy who was delivered by emergency C-section after his mother was killed in a crash on Wednesday has died, according to family members.

Quinn announces candidacy for full term
Illinois Gov. Pat Quinn, who succeeded ousted Gov. Rod Blagojevich in January, has formally declared his run for a full term.

New burgers fuel McDonald's profit climb 6 pct
McDonald's Corp.'s profit climbed almost 6 percent in the third quarter, as U.S. customers gobbled up its newest, more expensive Angus burger, the world's largest burger chain said Thursday.

MORE STORIES

Strange

Man robs Mich. bank, then turns himself in

Funeral home offers electronic billboard obits

Indiana state trooper 1 of 3 held in Mich. robbery

Man charged with printing phony $50s to pay dancer

Gunman prays with clerk before finishing robbery

Consumer

New burgers fuel McDonald's profit climb 6 pct

Hazelnut spread recalled over undeclared peanuts

Google to unveil music page

Barnes & Noble introduces e-book reader

Baby food recalled, may be tainted with botulism

Healthbeat

Breast cancer screening being reconsidered | VIDEO

White wine may be bad for teeth

Stopping the sweating

Safety board issues wake-up call on sleep disorder

Panel backs vaccine as cervical cancer alternative

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I-Team Report: Mystery in the Rectory A Chicago pastor was found in his Southwest Side home, stabbed more than twenty times and it was ruled a suicide.


Cutbacks may send some to nursing homes State cuts on services mean people with disabilities are being reevaluated on how much help they need from personal assistants who help them live independently.



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Primate fossil called only a distant relative - Yahoo! News

Primate fossil called only a distant relative - Yahoo! News

Remember Ida, the fossil discovery announced last May with its own book and TV documentary? A publicity blitz called it "the link" that would reveal the earliest evolutionary roots of monkeys, apes and humans. Experts protested that Ida wasn't even a close relative. And now a new analysis supports their reaction.

In fact, Ida is as far removed from the monkey-ape-human ancestry as a primate could be, says Erik Seiffert of Stony Brook University in New York.

BROWN ARRESTS TWO INDIVIDUALS FOR $678,000 MEDICARE RIP-OFF | North America > United States from AllBusiness.com

BROWN ARRESTS TWO INDIVIDUALS FOR $678,000 MEDICARE RIP-OFF | North America > United States from AllBusiness.com

Attorney General Edmund G. Brown Jr. announced that agents from his office late last night arrested two individuals who bilked Medicare out of $678,000 by submitting phony bills for walkers, wheelchairs...

BROWN ARRESTS TWO INDIVIDUALS FOR $678,000 MEDICARE RIP-OFF | North America > United States from AllBusiness.com

BROWN ARRESTS TWO INDIVIDUALS FOR $678,000 MEDICARE RIP-OFF | North America > United States from AllBusiness.com

Attorney General Edmund G. Brown Jr. announced that agents from his office late last night arrested two individuals who bilked Medicare out of $678,000 by submitting phony bills for walkers, wheelchairs...

FBI: Mobster 'more powerful than a John Gotti' - CNN.com

FBI: Mobster 'more powerful than a John Gotti' - CNN.com

Semion Mogilevich may be the most powerful man you've never heard of. The FBI says Mogilevich, a Russian mobster, has been involved in arms trafficking, prostitution, extortion and murder for hire.

Lawsuit: Madoff's workplace was rife with cocaine, sex - CNN.com

Lawsuit: Madoff's workplace was rife with cocaine, sex - CNN.com

A new lawsuit alleges that convicted swindler Bernie Madoff financed a cocaine-fueled work environment and a "culture of sexual deviance," and he diverted money to his London, England, office when he believed federal authorities were closing in at home.

Legal News - Crime, Courts, Celebrity Docket, and Law News from CNN.com

Legal News - Crime, Courts, Celebrity Docket, and Law News from CNN.com

The body found in a landfill has been identified as that of Somer Thompson, 7, who had been missing since Monday. The landfill is near Folkston, Georgia, 55 miles north of where Orange Park, Florida, where Somer became separated from her friends on the way home from school

TARP head confirms substantial pay cuts looming - Yahoo! News

TARP head confirms substantial pay cuts looming - Yahoo! News

The chairman of the panel that oversees the $700 billion federal bailout fund said Thursday the Obama administration is insisting on slashing the salaries of executives of companies that took money from the government.