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Thursday, December 08, 2011

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


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Thursday, December 8, 2011
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
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
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
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
Longtime Lake County prosecutor who challenged DNA evidence is stepping down following magazine expose. Read more at the New York Times
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
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
Governors State to become a four-year university. Read more at the Sun-Times
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
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

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