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Chicago Tribune



Exclusive: Rebasing will boost Nigeria's GDP by 40 percent: source - Chicago Tribune
LAGOS (Reuters) - Nigeria's GDP figures will shoot up by around 40 percent in the second quarter this year, when Africa's second-biggest economy changes the base year for its calculation to 2009, from its current 1990, a source close to the matter told ...
April 25, 2012


Chicago transportation officials brace for NATO summit - Chicago Tribune
"In one respect, I don't see this as a big deal," said a veteran air traffic controller at O'Hare who asked not to be identified. "But if there is bad weather or all the delegations try to arrive at the same time, it could be an air traffic nightmare.
April 25, 2012


LightSquared creditors unite against Phil Falcone - Chicago Tribune
The sources, who did not want to be identified, said the creditors' group includes billionaire activist investor Carl Icahn, hedge fund manager David Tepper and investment firms Fortress Investment Group and Capital Research and Management Company.
April 24, 2012


Mubarak's PM out of Egypt vote as field shrinks - Chicago Tribune
"The recent developments tend to favor the centrist candidates: Moussa and Abol Fotouh," said the diplomat, speaking on condition of anonymity. The law barring Mubarak-era officials from running was drafted by parliament in response to former spy chief ...
April 24, 2012


FBI chief in Yemen as drone kills AQAP leader - Chicago Tribune
Benomar, who helped push through the plan under which Saleh left office after more than a year of popular unrest, persuaded the former president to lean on his half-brother to step aside, a government official said on condition of anonymity.
April 24, 2012


Boeing leads Airbus in race for United order: sources - Chicago Tribune
"It is possible that they could do a deal with Boeing now and wink at Airbus and that between now and the end of the year there will be some kind of Airbus order," said a senior industry source, who asked not to be identified because of the ...
April 23, 2012


Teel Time: Sources say Greenberg out as Virginia Tech's basketball coach after ... - Chicago Tribune
Seth Greenberg's nine-season basketball coaching tenure at Virginia Tech is over, two sources said today. The school has called a news conference for 4 pm Whether Greenberg's exit will be framed as a resignation or dismissal in unclear.
April 23, 2012


Facebook pays Microsoft $550 million for AOL patents - Chicago Tribune
Facebook was also a participant in the AOL auction, a source said at the time. The auction included technology rights from AOL's current and former businesses, ranging from Web browser Netscape and instant messaging service ICQ to MapQuest and early ...
April 23, 2012


Mexico lawmakers call for Wal-Mart bribery probe - Chicago Tribune
Mexico's attorney general would only look into the accusations against Wal-Mart de Mexico (Walmex) if asked to do so by the Ministry of Finance or Ministry of the Economy, a government official said on condition of anonymity.
April 23, 2012


Militia clashes kill one in southern Libya-officials - Chicago Tribune
An army spokesman, who asked not to be named, told Reuters violence broke out in the city of al Kufra after the area's non-Arab Tibu tribe found one of its members dead in the street and blamed the army. There was a pause in the violence on Sunday but ...
April 23, 2012


Libyan army clashes with southern militia, 2 dead - Chicago Tribune
An army spokesman who declined to be named said the fighting began when the Tibu in Kufra found one of their men killed on the street on Thursday. The Tibu blamed the national army and attacked one of their bases. Hussein Shakai, head of the Kufra ...
April 21, 2012


Libyan army clashes with southern militia, 2 dead - Chicago Tribune
An army spokesman who declined to be named said the fighting began when the Tibu in Kufra found one of their men killed on the street on Thursday. The Tibu blamed the national army and attacked one of their bases. Hussein Shakai, head of the Kufra ...
April 21, 2012


City may be ready to play ball on Wrigley renovations, but will only pitch in ... - Chicago Tribune
The mayor is open to streamlining that process, which would make it easier for the Cubs to add more advertising around the ballpark, a source said. Emanuel signaled as much in comments last week to reporters. "The Ricketts family in 2009 made a ...
April 21, 2012


Exclusive: BlackBerry maker hires law firm for restructuring - Chicago Tribune
As part of the struggling Canadian smartphone maker's strategic review, the RIM board is discussing ways to boost revenue from its new BlackBerry 10 operating system and possibly opening up its proprietary network, the sources said.
April 21, 2012


Exclusive: BlackBerry maker hires law firm for restructuring - Chicago Tribune
... BlackBerry maker Research In Motion has hired law firm Milbank, Tweed, Hadley & McCloy LLP to work out a restructuring plan that could include selling assets, seeking joint ventures or licensing patents, people briefed on the matter said.
April 21, 2012


In easing Myanmar sanctions, U.S. seeks to boost reforms - Chicago Tribune
"It will be a matter of weeks to months to actually implement all that, but we are not looking long term," the official, who spoke on condition of anonymity, told Reuters in an interview. The United States has repeatedly promised to review sanctions in ...
April 20, 2012


Francis Lawrence to direct 'Hunger Games' sequel 'Catching Fire' - Chicago Tribune
"The Hunger Games"sequel "Catching Fire" will likely be directed by Francis Lawrence, a filmmaker whose résumé includes the big-budget event film "I Am Legend" and the intimate drama"Water for Elephants," a person close to the production but not ...
April 20, 2012


Law firm retains bankruptcy counsel, role unclear - Chicago Tribune
Togut was tapped by Martin Bienenstock, himself a high-powered bankruptcy lawyer who last month was appointed to Dewey's new five-person office of the chairman, a source said. It is unclear when Togut was hired. Neither Bienenstock nor Richard Shutran, ...
April 20, 2012


Exclusive: CVC nears a deal to buy AlixPartners: sources - Chicago Tribune
CVC has recently beaten out other buyout firms, including Madison Dearborn Partners and Providence Equity Partners, in the race to buy AlixPartners from private equity owner Hellman & Friedman, the sources said. A deal for AlixPartners could be ...
April 19, 2012


Berlusconi under investigation in prostitution case - Chicago Tribune
The official, who declined to be identified by name, said magistrates in the southern city of Bari had extended an existing investigation into local businessman Gianpaolo Tarantini to include Berlusconi. Magistrates have accused Tarantini of giving ...
April 19, 2012


Companies shun Bahrain Grand Prix hospitality - Chicago Tribune
A source close to the matter said that Swiss bank UBS would not be sponsoring any client events at the Bahrain race. Corporate hospitality raises around $200 million in total during the 20-race season - about 10 percent of total revenues for Formula ...
April 19, 2012


Hong Kong moves closer to bank liability for IPOs - Chicago Tribune
I expect even the soft consultation has been mainly just a courtesy to the industry," said one Hong Kong lawyer, who declined to be named given the sensitivity of his relationship with the SFC. An SFC spokesman said the regulator had no comment to make ...
April 19, 2012


Hong Kong moves closer to bank liability for IPOs - Chicago Tribune
I expect even the soft consultation has been mainly just a courtesy to the industry," said one Hong Kong lawyer, who declined to be named given the sensitivity of his relationship with the SFC. An SFC spokesman said the regulator had no comment to make ...
April 19, 2012


Oil buyers cut more Iran imports due to sanctions - Chicago Tribune
In Europe, Iran's oil buyers are progressively cutting volumes in advance of a European Union ban on Iran crude from July 1 and have reduced their April purchases by 75000 bpd, industry sources said on Wednesday. "People are trying to diversify their ...
April 18, 2012


Roche ready to walk away from $6.8 billion Illumina bid - Chicago Tribune
Another shareholder, who also asked not to be identified, said: "Roche had not yet offered a price that's enough to start negotiations." Roche has built up a reputation as a tough and disciplined consolidator after protracted recent takeover battles ...
April 18, 2012


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