Breaking Business News: Chicago Sun-Times

business

Ethiopia flies first Dreamliner since grounding

KAMPALA, Uganda (AP) — A Boeing 787 operated by Ethiopian Airlines flew from Ethiopia to Kenya’s capital Saturday, the first commercial flight since air safety authorities grounded the Dreamliners after incidents with smoldering batteries on two different planes in January.

Boeing: New battery system ensures 787 safety

Bayer to pay $1.1B for California firm Conceptus

German drug company Bayer AG says has agreed to buy California-based Conceptus for $1.1 billion to expand the kinds of birth control it offers.
Sprint to talk with Dish

Sprint Nextel says SoftBank is allowing it to seek more information from Dish Network related to its rival bid for the third-largest U.S. cellphone company. Sprint has agreed to sell 70 percent of itself to Softbank for $20.1 billion. Dish has offerd $25.5 billion for the whole company.
Subaru recalls Forester wagons over floor mats

Subaru is recalling just over 10,000 of its 2014 Forester wagons because the floor mats can interfere with the clutch, brake or gas pedals.

Markets

Local Stocks

Futures

More Stock/Fund Data

Customize

Set up a portfolio to track your stocks and receive E-mail updates, or establish stock alerts sent to your e-mail. Track your porfolio Stock Alerts

More Business

U.S. consumers boost spending 0.2 pct. last month

Americans spent more in March and their income grew, the latest indication that consumers are shrugging off a tax increase.

Futures rise ahead of consumer spending report

Stock futures are rebounding after last week’s lackluster economic growth numbers sent investors scrambling for the door.

JPMorgan co-COO Frank Bisignano leaves to run First Data

NEW YORK — JPMorgan Chase & Co. said Sunday that one of its co-chief operating officers is leaving the company, marking the latest high-profile departure since the bank’s massive trading loss last year. Frank Bisignano will become CEO of payment processor First Data Corp. on Monday. Matt Zames, who was co-chief operating officer with Bisignano, will become the sole COO of JPMorgan Chase effective immediately.

Cyberattack suspect had bunker in Spain: officials

MADRID — A 35-year-old Dutch citizen arrested in northeast Spain on suspicion of launching what is described as the biggest cyberattack in Internet history operated from a bunker and had a van capable of hacking into networks anywhere in the country, officials said Sunday. Agents arrested him Thursday in the city of Granollers, 22 miles north of Barcelona. He is accused of attacking the Swiss-British anti-spam watchdog group Spamhaus, whose main task is to halt ads for counterfeit Viagra and bogus weight-loss pills reaching the world’s inboxes.

Boeing 787 aces first test flight in Japan since battery fire

Japan’s All Nippon Airways has successfully conducted its first test flight of the Boeing 787 aircraft since battery problems grounded the planes earlier this year.

Boeing: New battery system ensures 787 safety

TOKYO (AP) — Boeing Co.’s chief engineer for the 787 Dreamliner said Saturday that changes to the lithium-ion battery system are fully sufficient to ensure the aircraft’s safety, although the company has been unable to find the cause of the original battery failures earlier this …Read More

Fired Oregon officer: Alcoholism was a disability

PORTLAND, Ore. (AP) — A police officer fired for driving drunk in an unmarked police car while off-duty has filed a $6 million lawsuit against the city of Gresham, the police chief and others, alleging his rights were violated under the Americans with Disabilities Act.