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Wednesday, April 29, 2009

Obama hopeful on Chrysler, has no regrets on memos

Obama hopeful on Chrysler, has no regrets on memos: "President Barack Obama expressed optimism Wednesday night that Chrysler could remain a 'going concern,' possibly without filing for bankruptcy, a generally upbeat assessment on one of numerous challenges he has confronted in a whirlwind first 100 days in office."

Congress passes $3.5T budget plan - David Rogers - POLITICO.com

Congress passes $3.5T budget plan - David Rogers - POLITICO.com: "House Democrats lost 17 of their own members but easily prevailed 233-193 even without Republican support. Senate action followed on a mostly party line 53-43 vote just hours before Obama's evening White House press conference marking the end of his first 100 days in office."

WHO raises swine flu alert level as virus spreads

WHO raises swine flu alert level as virus spreads: "The Geneva-based World Health Organization on Wednesday raised its alert level for the fast-spreading swine flu to its next-to-highest notch, signaling a global pandemic could be imminent."

Crain's Daily News Alert prepared for Top Executives



CHICAGOBUSINESS

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Daily Business Briefing

CRAIN'S LISTS SEND LETTERS TO THE EDITOR MULTIMEDIA WEEKLY JOB CHANGES

TOP HEADLINES Wednesday, April 29, 2009

· ComEd names its first female president

· Survey says CFOs prefer salary freezes over layoffs

· North Side school closes after likely swine flu case

· McCurry beats McDonald's in Malaysia

· 6 local projects get $25M in stimulus funds

· Cat CEO concerned about protectionism

· Wintrust posts surprise Q1 profit

· TribCo to pay Zell's legal bills

· Deal ends contractor's lawsuit against broadcast museum

· Jones Lang LaSalle swings to loss in first quarter

· Prime Group owner mulls Chapter 11 for hotel chain

· Foreclosure suit hits Chicago Athletic Assn. hotel conversion 

· Crain's is now accepting nominations for its annual 40 Under 40 feature. Deadline is May 15.

· Obama's first 100 days; Whitley ditches guv campaign: Hinz blog

· A Pritzker plugs all-girls' school; Rancic's new venture: Taking Names blog 

Final Markets

Dow Jones

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+168.78

+2.11%

NASDAQ

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+38.13

+2.28%

Crain's Index

66.37

+1.920

+2.979%

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OTHER HEADLINES

· Nine cases of suspected swine flu in Illinois -- five in Chicago Chicago Sun-Times

· U.S. economy in 2nd straight quarter of steep decline New York Times

· Fed stands pat, and says worst may be over MarketWatch

· Attorney tries to throw out puffer fish toxin indictment Daily Herald

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TODAY'S FEATURES

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Chicago Business Today - April 29

We take a look at the future of real estate in the latest installment of our Road to Recovery series. More layoffs could be coming at Leo Burnett, according to Sun-Times. All-you-can-drink part of new MillerCoors sponsorship deal at Toyota Park. Read More


· American Cancer Society Discovery Ball

· De Cero – Taqueria de West Loop

· Wealth Insights: Portfolio overhaul

· Entrepreneurs in Action: TopGolf

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UPDATE 3-WHO chief to raise pandemic alert level-sources | Reuters

UPDATE 3-WHO chief to raise pandemic alert level-sources Reuters: "The head of the World Health Organisation will increase the global flu alert level to 5, the second highest phase that indicates 'a pandemic is imminent', WHO sources said on Wednesday"

CNN.com - Breaking News, U.S., World, Weather, Entertainment & Video News

CNN.com - Breaking News, U.S., World, Weather, Entertainment & Video News: "Latest News
Bombings in Iraq kill at least 50 5 min
Priest forgives suspect in confessional stabbing
Meet the boy believed to be 'patient zero' 9 min
Obama's first 100: Now comes the hard part
Rollins: Is Obama a Clinton or a Carter? iReport.com: iReporters grade the president
911 call shows terror as jets buzzed NYC
Ticker: Miss CA ad slams same-sex marriage
Commentary: Specter defection a wake-up call WSOC: Students hurt in freeway bus wreck
Craigslist suspect's fiancee: 'I still love him'
Hunting for the secrets of a happy marriage
CNNMoney: Cars that wrecked Chrysler
Scientists spot oldest ever object in universe
Skin-and-bones model blasts critics
CNN Wire: Doctors battle meningitis in..."

Wednesday Report: Hotel chain woes | Downtown foreclosure | Trading firm move





Breaking News
Prime Group owner mulls Chapter 11 for hotel chain
(Crain's) — Extended Stay America is considering filing for Chapter 11 bankruptcy protection after auditors raised doubts about the survival of the budget hotel chain, which New York real estate investor David Lichtenstein acquired in 2007 in a highly leveraged $8-billion deal. Mr ...
Read More
Foreclosure suit hits Chicago Athletic Assn. hotel conversion
(Crain's) — The foreclosure wave has crashed over a joint venture that planned to convert the Chicago Athletic Assn. property on South Michigan Avenue into a 300-room Omni hotel. The partnership of Atlanta-based Songy Partners LLC and Cleveland-based Snider-Cannata Interests LLC failed to pay ...
Read More
In Other News
Trading firm moving to One Financial Place
Deal ends contractor's lawsuit against broadcast museum
Experian in deal to sell, lease back office building
General Growth case could devastate loan business: trade group
Jones Lang LaSalle swings to loss in first quarter
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Politics, Political News - POLITICO.com

Politics, Political News - POLITICO.com:

"Obama's second 100 days in office could prove just as vital to his legacy as the first 100. (AP)"

The Senate is expected to pass the five year budget plan tonight.

Norm Ornstein: "In some ways, getting to sixty is a burden of unwarranted expectations, with no excuses left..." Live chat 8 p.m EDT.


Behind-the-scenes tug of war brings victory to Dems.
Party switching: courage or ambition?

ABC7 eNews




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Top Stories

Wednesday, April 29, 2009


School closed for swine flu concern | VIDEO
Chicago's health commissioner announced the closing of a North Side school after officials say a student has a suspected case of swine flu.

Former Chicago alderman dies at 76
Tyrone Kenner, a former Chicago alderman convicted of taking bribes, has died at age 76.

Judge expected to rule on Burge subpoena
A judge is set to rule on whether a former Chicago police commander can be subpoenaed to testify at a hearing on an inmate's petition to get his murder conviction overturned.

Tribune to pay Zell's legal bills
Tribune Co. says it'll pay the legal bills of chairman and chief executive Sam Zell related to a federal corruption investigation into former Gov. Rod Blagojevich.

Homeless Oak Park man gets 39 write-in votes
Officials say a suburban Chicago man barred from an election ballot because he is homeless got 39 write-in votes.

MORE STORIES

Strange

Experts claim to have cloned glowing dogs

Happy the hippo leaving DC for Wis., women

Ducklings tour suburban Jamba Juice

Mr. T called for jury duty

Tenn. bathroom voted best in US

Consumer

Yankees cut some premium ticket prices

Judge sides with Mattel over doll rights

McDonalds adds more drink options

Avoid raw alfalfa sprouts due to salmonella risk

Apple reportedly in talks with Verizon

Healthbeat

CDC: Swine flu claims 1st victim in US | VIDEO

Should we believe the swine flu hype?

How did the swine flu spread?

New labels to carry painkiller risk warning

Prostate treatment could cause other problems

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Pres. Obama: First 100 days tense but fruitful Marking his symbolic 100th day in office, President Barack Obama told Midwesterners: "I'm pleased with the progress we've made but I'm not satisfied."

AP Interactive: Obama's travel in 100 days
AP Poll: Public high on Obama, direction of US

Local food springs into season Over the next week or so, a lot of new items will pop up on local menus and in farmer's markets.

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North Korea threatens nuclear tests over U.N. move

North Korea threatens nuclear tests over U.N. move: "North Korea on Wednesday threatened a new nuclear test unless the U.N. Security Council apologized for tightening sanctions, confirming some analysts' fears that Pyongyang is determined to build an atomic arsenal."

Obama calls first 100 days tense but fruitful

Obama calls first 100 days tense but fruitful: "Marking his symbolic 100th day in office, President Barack Obama told Midwesterners Wednesday: 'I'm pleased with the progress we've made but I'm not satisfied.'"

100 Days: Obama's Campaign Promises

100 Days: Obama's Campaign Promises - Yahoo! News Photos

100 Days of No Accountability




National Republican Senatorial Committee
Dear Republican Friend,
100 days
Video
Donate
Today marks 100 days since Barack Obama took the oath of office. During this time, he has:
  • Proposed the largest budget in U.S. history;
  • Suggested $1.4 trillion in new taxes over the next decade;
  • Released highly confidential CIA memos detailing strategies used that produced timely intelligence and thwarted further deadly terrorist attacks;
  • Proposed cutting missile defense by $1.4 billion just days after North Korea tested a long-range missile.
Senate Republicans are literally the only line of defense preventing President Obama, Nancy Pelosi and Harry Reid from advancing their ultra-liberal agenda.
Watch this video highlighting Obama's first 100 days in office. Then, support our efforts to keep these radical policies in check.
At best, this White House has mismanaged the first days of this new administration - including tax-evading Cabinet nominees and a stimulus bill that included taxpayer-funded bonuses for AIG executives.
At worst, the administration has cozied up to enemy regimes while shunning allies, given terrorism suspects unprecedented rights, and apologized for America's "arrogance" on three different foreign continents.
Watch the video outlining Obama's first 100 days in office. Then help Senate Republicans protect our national security and our economy.
All the best,

Rob Jesmer
Executive Director
National Republican Senatorial Committee
P.S. With each day that goes by, President Obama and Congressional Democrats are advancing their radical liberal agenda. There is literally no time to lose. Please join us with your support today.

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Obama, Biden welcome Specter to Democratic Party

Obama, Biden welcome Specter to Democratic Party: "President Barack Obama on Wednesday hailed Arlen Specter's conversion to the Democratic Party, while Specter vowed that he'll be an asset as Obama tries to get his ambitious agenda through Congress."

Toddler in Texas becomes 1st swine flu death in US

Toddler in Texas becomes 1st swine flu death in US: "A 23-month-old toddler in Texas became the first confirmed swine flu death outside of Mexico as authorities around the world struggled to contain a growing global health menace that has also swept Germany onto the roster of afflicted nations. Officials say the death was in Houston."

Egypt orders slaughter of all pigs over swine flu

Egypt orders slaughter of all pigs over swine flu: "Egypt began slaughtering the roughly 300,000 pigs in the country Wednesday as a precautionary measure against the spread of swine flu even though no cases have been reported here yet, the Health Ministry said."