Morning 10: Sara Lee's move | Blago fallout | Boeing deals

Thursday, December 8, 2011 By: Jim Kirk 1. Sara Lee moving to West Loop BREAKING: Five years after it left Chicago for Downers Grove, Sara Lee and Mayor Rahm Emanuel are expected to announce later today that the company is moving back downtown, Greg Hinz reports. Sources say the company will occupy most of a 270,000-square-foot building at 400 S. Jefferson. Read more in Greg's blog --In a flurry of end-of-year activity, three big downtown apartment buildings are changing hands. Read more at Chicago Real Estate Daily 2. 'Tragic' day for Illinois Hinz on former Gov. Rod Blagojevich's punishment: The judge got it right. "The 14-year prison sentence he handed to Rod Blagojevich is harsh but fully warranted. Given what Mr. Blagojevich did and the historical context of his actions, a long prison term was the only choice.'' Read more here --Kass: "When the number hit Rod he sat quietly in his seat, without expression, perhaps he was hoping there was an alternate ending to the movie and they'll show it to him someday.'' Read more at the Chicago Tribune --Blagojevich unlikely to land in "Club Fed,'' the Sun-Times reports. Read more here --Brown: "Elvis may have left the building, but there are still plenty of bad actors backstage.'' Read more at the Chicago Sun-Times --Another view: "Illinois: State of Embarrassment'' Read more at Forbes 3. Hospira's Begley to step down Christopher Begley, executive chairman of Hospira Inc., is retiring as the medical products company tries to rebound from safety violations and a slumping stock price, according to Chicago Health Care Daily. Read more here --Siemens A.G.'s plans to cut as much as 8% of its health care diagnostics division could mean a loss of jobs at its north suburban office. Read more here --Two hospital proposals in the far northwest suburbs are denied. Read more here 4. Shock treatment CME Group Inc. tasked a board committee with finding ways to guard against future MF Global-types of shocks. Read more at Crain's --Ten questions for Jon Corzine. Read more at DealBook 5. Prosecutor who challenged DNA evidence to resign Longtime Lake County prosecutor who challenged DNA evidence is stepping down following magazine expose. Read more at the New York Times 6. Jet set Boeing is nearing deals to sell jets to FedEx and Southwest Airlines, according to various media reports. Read more at Crain's --Boeing workers approve a four-year contract extension. Read more at The New York Times 7. Rising tide Groupon Inc.'s stock is on the rise, jumping 10% Wednesday to end the day above its IPO price. The company's shares have been on a roller-coaster since the IPO on Nov. 3. Read more at Crain's 8. Class time Governors State to become a four-year university. Read more at the Sun-Times 9. Decision time for euro EU leaders are gathering for a "make-or-break'' summit that will determine the future of the euro. The Wall Street Journal is live-blogging. Follow along here 10. 'Voracious' news reader looks to thin city's PR staff Mayor Rahm Emanuel, known for his spin-doctoring of reporters while in Washington, is looking at thinning the army of PR folks at City Hall, the Chicago News Cooperative reports. The number of press handlers had swelled under former Mayor Richard M. Daley. Read more here Jim Kirk is chief of editorial operations for Crain's Chicago Business. You can reach him at jkirk@crain.com and follow him on Twitter: @kirkjim12. CRAIN'S BLOGGERS: THE BEST IN CHICAGO Greg Hinz on Politics Sara Lee moving headquarters and jobs to West Loop Shia Kapos Takes Names Gabrielle Martinez wraps up ultimate holiday decorating project — the White House Ann Dwyer on Entrepreneurs Video: GrubHub duo on Chicago's tech scene and the Groupon effect Brigid Sweeney on Retail Website-ings: Online holiday shopping going strong Ed Sherman on Sports Minor league hockey bonanza in the northwest suburbs SHARE THE MORNING10 Have colleagues who could learn a thing or two from the MORNING10? Send it to them. GET THE MORNING10 Want the MORNING10 sent to your inbox every Monday through Friday? Well, sign up! GET CRAIN'S DAILY ALERT Learn what has happened each day while you were in all those meetings. Get the Crain's Daily Alert, which is sent every Monday through Friday around 3 p.m. LINKS JUST FOR YOU Crain's Web Site Crain's Weekly Issue Crain's Daily Headlines Crain's Video Headlines Crain's Small Business Chicago Real Estate Daily Chicago HealthCare Daily Crain's Lists Crain's Events Crain's 40 Under 40 Crain's Dining Guide Crain's Fast 50 Crain's Who's Who Crain's Best Places to Work Crain's Market Facts E-MAIL PREFERENCES SUBSCRIBE CONTACT THE EDITOR ADVERTISE WITH US COPYRIGHT © 2011 CRAIN'S CHICAGO BUSINESS 360 N. MICHIGAN AVE. CHICAGO, IL 60601