Business
The Chicago Sun-Times followed the Chicago Tribune and filed for Chapter 11 bankruptcy today. The daily paper and the online website will continue to operate. Elizabeth Brackett and her panel have the details.
The Obama administration is placing an emphasis on technology and the nation's oldest laboratory is reaping the rewards. The new head of Argonne National Laboratory will be here to tell us more about his goals for the lab's future.
The first round of stimulus funds lands at O'Hare. Elizabeth Brackett reports on the infrastructure improvements and whether any of the stimulus funds will be used for the airport expansion program.
President Barack Obama has forced General Motors' CEO to resign. And he has also told GM and Chrysler that new bailout cash will be held until they make serious changes. Carol Marin is joined by two financial experts to discuss President Obama's announcement and if the auto industry deserves another bailout.
Once a Chicago mainstay, clothier Bigsby and Kruthers may be making a comeback. Kris Kridel of WBBM NewsRadio 780's "Noon Business Hour" will be here with the details.
WBBM NewsRadio 780
Small businesses are taking a big hit in this recession. Many banks have cut off lines of credit. But the Obama administration says it has plans to get loans flowing again to small businesses. What are those plans and will they work? That is tonight's focus of our series, "The Bottom Line."
Chicagoan Edward Liddy is getting battered from all sides as he attempts to navigate AIG through a lot of negative press about bonuses. Kris Kridel of WBBM Newsradio's "Noon Business Hour" takes a look at Liddy's background and reputation.
Joel and his panel discuss the week's top headlines: Governor Quinn delivers his bad news budget; Chicago Police Superintendent Jody Weis gets a no-confidence vote from the police union; Chicago traffic cameras may be used to nab uninsured drivers; AIG bonuses infuriate the public; Chicago-area Corus Bank fighting for its survival; the Bulls and Blackhawks jostling for playoff positions; and the Cubs and Sox rosters taking shape in spring training.
Guests:
The recession has brought down the financial markets and among the hardest hit investments have been hedge funds. What are they and why are they controversial? That is tonight's focus for our series, "The Bottom Line.
This week the Canadian National Railways started rolling its trains down the old Elgin, Joliet and Eastern tracks. Many communities will be impacted by the added train traffic. We hear the pros and cons of the deal from Barrington's village president, and the executive director of the Chicago Metropolitan Agency for Planning.
AIG sparked outrage this weekend as the government-rescued company revealed plans to pay employees $165 million in bonuses. Rich Samuels reports on the reaction from politicians and taxpayers.
Is the Wall Street Journal trying to poach Chicago newspaper readers? A full-page ad in last week's Chicago Sun-Times begs the question. Kris Kridel of WBBM Newsradio's "Noon Business Hour" has the scoop on the ad when she joins us with the week's top business stories.
Joel and his panel discuss the week's top headlines: Governor Quinn reportedly considering hiking income taxes by 50 percent; 27 Chicago Public School students already killed this school year; CTA fare hikes and service cuts on the table; the Sears Tower being renamed; the Art Institute boosting admission cost 50 percent; Chicago aldermen balk at being investigated by the city's inspector general; and the Bulls and Blackhawks battling for playoff positions.
Guests:
General Motors could be on the brink of bankruptcy while Ford and Chrysler are struggling to survive. How did the big three automakers reach such dire straits, and what will be the economic impact if even one files for bankruptcy? We tackle those questions and more in tonight's installment of "The Bottom Line."
More on "The Bottom Line"
Desperate times can call for desperate measures, like visiting a psychic for financial advice. We meet investors turning to tarot cards for help.