Fed Needs Clear Low-Rate Pledge or

Federal Reserve Bank of Chicago President Charles Evans said the central bank needs a clear low- rate commitment or a third round of purchases of Treasuries and mortgage bonds to further stimulate a still struggling economy.
People outside the Fed have

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Zoo wants company to stop using chimps in TV ads

A Chicago zoo is mounting a campaign to stop a company from airing a Super Bowl Sunday commercial featuring mischievous suit-and-tie wearing chimpanzees playing tricks on their human co-worker, saying all that monkey business proves deadly for the endangered species.
Lincoln Park Zoo officials fear images of the frolicking chimps broadcast worldwide do little to help […]

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EU leaders to discuss growth as Greece case looms

European leaders will try to come up with ways to boost growth despite steep budget cuts across the continent when they meet in Brussels on Monday.
The 27 heads of state and government will get a taste of the popular frustration with austerity and high unemployment as they try to get to the summit in a […]

Analysts: New software won’t save Blackberry maker

In the trend-setting North American market, BlackBerry phones have gone from must-have messaging toys to outdated clunkers _all in the space of a few years. The new CEO of Research In Motion Ltd., the company behind the phones, says it can claw its way back to the top with new software, but analysts are deeply […]

Republican Senators Say Fed Overstepped Its Role With Advice on Housing - Bloomberg

Republican Senators Orrin Hatch of Utah and Bob Corker of Tennessee criticized the Federal Reserve for overstepping its role by making policy recommendations on how the U.S. government should try new ways to spur the housing market.
Hatch, the top-ranking Republican on the Senate Finance Committee, said the housing study sent by Chairman Ben S. […]

Code Year draws 200,000 aspiring programmers

"Learn to program" isn’t a typical New Year’s resolution, but it’s one that’s gone viral thanks to a clever campaign by Codecademy, a startup that helps newbies learn the basics of software coding.
The New York-based venture kicked off 2012 by launching Code Year. Sign up for the free project and you’ll receive an interactive […]

TSX starts 2012 trading on positive note

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Ex-Fannie CEO Mudd leaves Fortress after SEC charges

Daniel Mudd is taking an immediate leave of absence from his role as CEO of investment firm Fortress Investment Group, less than a week after the Securities and Exchange Commission announced fraud charges against him and other former executives of Fannie Mae and Freddie Mac.
Mudd, who has headed Fortress () since August 2009, had […]

Holland Construction Services starts renovations

Holland Construction Services Inc. started extensive renovations at Memorial Care Center at 4315 Memorial Drive in Belleville.
The $6 million project includes an upgrade to the center’s exterior façade and indoor renovations of 34,000 square feet.
The renovations will involve 56 patient rooms, administrative offices, dining, living and reception rooms and a therapy area. Shower rooms, utility […]

Financier Theodore Forstmann dies

Theodore J. Forstmann, a longtime financier who counted the iconic baseball card company Topps and business jet company Gulfstream Aerospace among his buyouts, died Sunday at the age of 71.
The cause was brain cancer, according to a statement from sports agency IMG. Forstmann was the chairman and CEO of IMG and was the senior founding […]