Crain's Daily News Alert prepared for Top Executives

CHICAGOBUSINESS — POWERED BY CRAIN'S — Daily Business Briefing CRAIN'S LISTS SEND LETTERS TO THE EDITOR MULTIMEDIA WEEKLY JOB CHANGES TOP HEADLINES Thursday, June 18, 2009 · Former fire chief Trotter says he was suspicious of Webio founder Hernandez · Cubs sale talks reopen with Ricketts' rivals: source · CME has rival in new NY clearing house · Exelon to cut 500 jobs · Eddie Bauer's Chapter 11 could close 120 stores · State unemployment rate hits 25-year high · Lenders argue to pull some malls from General Growth case · Settlement lifts Discover to a profit · Feds look for Blago tie to college admissions · Cat shares fall on sales report · Foreclosure suit hits Naperville apartment complex · 10 things to do this weekend  · Trotter's tangled in Webio: Biz of Sports blog · State $$$ chaos prompts Lisa's Senate move; Daley overseas amid Olympic flap: Greg Hinz blog · Union League's bright lights; fundraiser for jockey: Taking Names blog · 7 essential start-up steps; when your biz loan affects your personal credit: Enterprise City · The latest job changes and appointments: People on the Move  Final Markets Dow Jones 8,555.60 +58.42 +0.69% NASDAQ 1,807.72 -0.34 -0.02% Crain's Index 70.87 +0.530 +0.753% » View Other Top Headlines ADVERTISEMENT Last Chance INTO THE CORE: One or Two-day Summit DePaul University, June 25-26, 2009 How to succeed in an increasingly diverse marketplace. A distinguished executive panel will help you integrate multi cultural marketing into your core strategies for growth and profitability. Click Here to Register Now! OTHER HEADLINES · Healthcare costs expected to jump 9% in 2010: report Modern Healthcare · Study says lack of nearby grocery store takes years off life Chicago Sun-Times · Sparton moving HQ to Schaumburg Daily Herald · Depp, Bale in Chicago for movie premiere ABC7 Crain's Chicago Business | 360 N. Michigan Ave. | Chicago, IL 60601 ADVERTISEMENT TODAY'S FEATURES Video Golf Tip 2009: How to hit better drives PGA teaching pro Dan Kochevar gives you tips to drive the ball better, including the importance of a pre-shot routine, proper set-up and swing adjustments to take advantage of advances in driver technology.Read More · Chicago Business Today - June 18 · Enterprise City - a small business blog · Check, Please! visits Heaven on Seven · Inside the Leather: Ed Sherman's golf blog SIGN UP FOR CUSTOM ALERTS Industries » Account Settings LISTEN LIVE: Traffic, weather and news from our news partner WBBM-AM.

Hundreds of thousands stage somber rally in Iran - Yahoo! News

Hundreds of thousands stage somber rally in Iran - Yahoo! News: "Hundreds of thousands of protesters dressed in black and green flooded the streets of Tehran on Thursday in a somber, candlelit show of defiance and mourning for those killed in clashes after Iran's disputed presidential election."

Alleged Ponzi Schemer Behind Chicago Sports Webio Hired Former Fire Chief Cortez Trotter As Company Consultant

Alleged Ponzi Schemer Behind Chicago Sports Webio Hired Former Fire Chief Cortez Trotter As Company Consultant: "Former Chicago Fire Commissioner Cortez Trotter appears to have become tangled in the scandal surrounding David Hernandez, the businessman who has been charged with fraud and sued by the Securities and Exchange Commission this week on allegations he ran an $11 million ponzi scheme."

Media Matters Daily Summary

Here are today's news items from Media Matters for America, click on the title or 'read more' to read the entirety of each story. Blitzer did not challenge Boehner's false claim that CBO scored "public option" Wolf Blitzer did not challenge Rep. John Boehner's false claim that the "Congressional Budget Office came out with a score on Senator Kennedy's bill, just part of ... his bill that says that the public option would cost over a trillion dollars." In fact, the CBO's preliminary analysis of the draft bill did not assess the impact of a "public option" for health insurance. Read More More media misrepresent scope of preliminary CBO analysis of health bill In reporting the CBO's conclusion that a Senate draft health-care bill would leave many uninsured, Glenn Beck, Sean Hannity, David Brooks, and USA Today did not note that the CBO did not assess several provisions that are expected to be added to the bill and that, according to the CBO director, "could ... have substantial effects on our analysis." Read More Ignoring ABC statement, Kudlow alleges ABC will devote programming to "help sell" Obama's health care plan CNBC's Larry Kudlow claimed that "ABC is going to give up all their programming" to President Obama "to help sell health care reform," but ABC says it will "giv[e] voice to questions and criticisms" of Obama's plan. Read More Parroting GOP, media claim stimulus funding "guard rail to nowhere" -- but project was cancelled Bill Sammon, Gretchen Carlson, and Investors Business Daily each claimed that the stimulus bill is funding what Sammon described as a "guard rail to nowhere." However, the Army Corps of Engineers has said that the project is "not going forward." Read More Wash. Times minimized Princeton alumni group's opposition to admission of women, minorities The Washington Times stated that Samuel Alito had "reported involvement in a Princeton alumni group that opposed affirmative action." In fact, the group actively resisted Princeton's increased admission of women and minorities. Read More Media deceptively claim stimulus funds going to "train station" that "hasn't been used in 30 years" Media figures repeated Sen. Tom Coburn's claim that stimulus funds are being used "to renovate an abandoned train station that hasn't been used in 30 years." But while the station house has long been closed, "[t]he station's platform currently serves more than 80,000 passengers a year," as Coburn's report noted. Read More NPR's Zwerdling understated LGBT criticisms of Obama's DOMA brief NPR correspondent Daniel Zwerdling reported that "gay activists" are upset that "the [Obama] administration is defending the federal law that forbids the federal government to recognize same-sex marriage." In fact, prominent members of the LGBT community have also sharply criticized the content of the Justice Department brief in defense of DOMA. Read More Kudlow let McCaughey claim health care bill "pushes Americans into low-budget plans" Larry Kudlow did not challenge -- and interrupted another guest when he challenged -- Betsy McCaughey's assertion that the Affordable Health Choices Act "pushes Americans into low-budget plans." Read More After exclusive access, softball interviews during Bush admin, Fox News blasts ABC for White House exclusive Fox News hosts and guests have criticized a scheduled ABC exclusive broadcast from the White House, but they failed to mention the extraordinary access Fox News had to President Bush and other officials, using those opportunities to lob softball questions and provide a platform for Bush administration talking points. Read More A Top Ten list for Letterman's conservative critics He doesn't host his own syndicated talk radio show. That isn't his chair behind the desk of a cable-news program. You won't find his byline on the op-ed pages, discussing the ins and outs of President Obama's latest policy proposal. Read More Fox chyron asserted as fact that Walpin was "fired for protecting taxpayers" Fox & Friends aired on-screen text asserting as fact the claim -- disputed by the Obama administration -- that former inspector general Gerald Walpin was "fired for protecting taxpayers." Read More NY Times selectively cited own poll results on Obama's economic policies The New York Times reported that according to its own polling, "A majority of people said his [President Obama's] policies have had either no effect yet on improving the economy or had made it worse." However, the Times article did not report that 57 percent of respondents approved of the way Obama is handling the economy. Read More You can help support our work; become a volunteer media monitor, or donate to Media Matters for America.

Exelon to cut 500 jobs

Viewing on a PDA? Click here. CHICAGOBUSINESS — POWERED BY CRAIN'S — Breaking News CRAIN'S LISTS MARKETS GO TO MY ACCOUNT GO TO CHICAGOBUSINESS.COM Thursday June 18, 2009 8:36 AM Exelon to cut 500 jobs (Crain's) — Exelon Corp. plans to cut about 500 jobs and is reworking the duties of several executives, the company said ...   Read More » View Other Top Headlines » Read This Week's Crain's CRAIN'S DAILY FEATURE Chicago Business Today - June 17 Mayor Daley agrees to Olympic financial guarantee. With the glut of unsold South Loop condos, some developers consider converting to apartments. The Glen shopping center owner is in danger of mortgage default.Read More MORE FEATURES • Inside the Leather: Ed Sherman's golf blog • Enterprise City - a small business blog • Video Golf Tip 2009: Get the season off right • Check, Please! visits Heaven on Seven SIGN UP FOR CUSTOM ALERTS Industries Companies Executives » Account Settings Crain's Chicago Business 360 N. Michigan Ave. | Chicago, IL 60601 ADVERTISEMENT ADVERTISEMENTCrain's Blogs. Now You're Talking. Introducing three blogs sure to pique your interest each business day: government and business, after-hours with Chicago's elite, and the business of sports.Click here to read what Greg Hinz, Shia Kapos and Ed Sherman are saying today. And talk back, we'd love to hear from you.

Woods’ US Open title defense starts with adventure - Golf - Yahoo! Sports

Woods’ US Open title defense starts with adventure - Golf - Yahoo! Sports: "Tiger Woods’ defense of the U.S. Open championship started with an adventure."

Democrats plan to pass financial overhaul quickly - Forbes.com

Democrats plan to pass financial overhaul quickly - Forbes.com: "Democratic leaders have committed to enacting by the end of the year the biggest regulatory revision to the U.S. financial system since the 1930s - an undertaking so ambitious it has some lawmakers worried about missteps."

Report: Health care costs to rise 9 pct in 2010 - Yahoo! News

Report: Health care costs to rise 9 pct in 2010 - Yahoo! News: "Employers who offer health insurance coverage could see a 9 percent cost increase next year, and their workers may face an even bigger hit, according to a report from consulting firm PricewaterhouseCoopers."

Mousavi calls Iran rally to mourn dead protesters - Yahoo! News

Mousavi calls Iran rally to mourn dead protesters - Yahoo! News: "Opposition leader Mir Hossein Mousavi called his followers back into the streets of Tehran Thursday for another mass rally over Iran's disputed presidential election and urged them to wear black to mourn those killed in clashes."