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Top News & Analysis Chicago

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  • Walmart says union's LA protest has no impact Thursday, 4 Oct 2012 | 4:28 PM ET

    LOS ANGELES/ CHICAGO, Oct 4- Walmart employees affiliated with a union-backed group walked off the job in Los Angeles on Thursday, protesting working conditions at the world's largest retailer, which promptly defended itself, saying the "publicity stunt" was not having an impact on its business.

  • Environmental groups file complaint over coal ash Thursday, 4 Oct 2012 | 3:23 PM ET

    CHICAGO-- Several environmental groups want the Illinois Pollution Control Board to order Midwest Generation to clean up groundwater pollution that allegedly leached from coal-ash ponds at four of the company's power plants.

  • Oct 4- The U.S. Food and Drug Administration said it has cracked down on thousands of online pharmacies for selling potentially unsafe, unapproved or fake medicines, including the erectile dysfunction drug Viagra and antiviral Tamiflu.

  • Oct 4- Li& Fung Ltd, a global supplier of apparel, is in advanced talks to buy Synergies Worldwide, a small, New York- based supplier, a source familiar with the matter said on Thursday. The move would help Hong Kong- based Li& Fung gain a better foothold in the fast fashion and discount clothing space.

  • Retirees turn more attention to personal legacies Thursday, 4 Oct 2012 | 2:10 PM ET

    CHICAGO-- A growing number of retirees are looking to pass along more to the next generation than money and possessions. "There's an element regarding money, but it is really more about affirming your life as a legacy," says Neal Van Zutphen, a certified financial planner in Mesa, Ariz..

  • Feds charge 91 people in $429M Medicare fraud Thursday, 4 Oct 2012 | 1:56 PM ET

    WASHINGTON-- A federal strike force has charged 91 people, including a hospital president, doctors and nurses, with Medicare fraud schemes in seven cities involving $429 million in false billings. The law enforcement effort focused on fraudulent Medicare schemes in Baton Rouge, La.; Brooklyn, N.Y.; Chicago; Dallas; Houston; Los Angeles and Miami.

  • Google acquired Motorola in May for $12.5 billion to bolster its patent portfolio as its Android mobile operating system competes with rivals such as Apple Inc and Samsung Electronics Co Ltd. But many investors and analysts have questioned Google's need to be in the hardware business, where profit margins are lower and Google has little experience.

  • In mobile-computing boom, a battle rages for marketing Thursday, 4 Oct 2012 | 11:43 AM ET

    NEW YORK/ SAN FRANCISCO, Oct 4- Amazon.com Inc. Take Apple Inc, for example. Now Samsung Electronics Co Ltd, Amazon, Microsoft Corp and other tablet and smartphone makers are stepping up with big spending on TV spots, print ads, guerilla marketing stunts and over-the-top launch events.

  • Kaplan adds new campus in Maine Thursday, 4 Oct 2012 | 10:38 AM ET

    AUGUSTA, Maine-- Kaplan University has opened a new campus in Augusta. It's Kaplan's third campus in Maine, joining other ones in South Portland and Lewiston. Kaplan University is based in Chicago and serves nearly 50,000 online and campus-based students.

  • Ill. powerbroker to be sentenced in shakedown plot Thursday, 4 Oct 2012 | 9:31 AM ET

    CHICAGO-- The final case to stem from the corruption investigation into imprisoned former Illinois Gov. William Cellini, 77, was convicted last year for his role in trying to get a $1.5 million campaign contribution for Blagojevich from the Oscar-winning producer of "Million Dollar Baby" in exchange for state business.

  • Chicago teachers vote to approve 3-year contract Thursday, 4 Oct 2012 | 9:26 AM ET

    CHICAGO-- Members of the Chicago Teachers Union overwhelmingly have approved a new three-year contract that includes pay increases and a new evaluation system, union officials announced late Wednesday.

  • *Sales at Costco and Gap top expectations. *Macy's, Target, Kohl's sales miss analysts' forecasts. "I think September overall is going to be OK; I don't think it's going to be great," said John Rooney, national retail& distribution sector lead for Deloitte Consulting.

  • *Macy's, Target sales miss analysts' forecasts. Retailers including Costco Wholesale Corp, Victoria's Secret operator Limited Brands Inc and teen chain Zumiez Inc posted bigger-than-expected gains in September sales at stores open at least a year. Target Corp and Macy's Inc posted same-store sales increases that missed analysts' expectations.

  • McCaskill raises $5.8M; Akin backs abortion remark Thursday, 4 Oct 2012 | 8:31 AM ET

    Claire McCaskill touted a $5.8 million fundraising haul for her re-election campaign Wednesday as Republican challenger Todd Akin sought to raise cash amid new attention to his remarks about abortion.

  • *Sales from Costco, Limited, Zumiez top expectations. Retailers including Costco Wholesale Corp and Victoria's Secret operator Limited Brands Inc posted bigger-than-expected gains in September sales at stores open at least a year.

  • Race to cut ETF costs may leave investors in the dark Thursday, 4 Oct 2012 | 12:00 AM ET

    NEW YORK, Oct 4- Exchange-traded funds are waging a price war that may save investors money on fees, but cheaper fund choices pose a greater risk because they may rely on new, more-opaque indexes.

  • Oct 3- American Airlines and its pilots union resumed contract talks Wednesday, but other problems continued to beset the bankrupt carrier. "I will never ride on American Airlines ever again," said Tony Palm, who was stranded when a connecting flight on American from Chicago to New York's LaGuardia airport was canceled last month.

  • TOKYO, Oct 4- Japan's Nikkei share average is set to rise on Thursday after more data showed the U.S. economic recovery is gathering steam, but gains will likely be capped by wariness ahead of European Central Bank and Bank of Japan meetings starting later in the day. Nikkei futures in Chicago closed at 8,790, up 0.5 percent from the close in Osaka.

  • Oct 3- American Airlines and its pilots union resumed contract talks Wednesday, but other problems continued to beset the bankrupt airline. "I will never ride on American Airlines ever again," said Tony Palm, who was stranded when a connecting flight on American from Chicago to New York's LaGuardia airport was cancelled last month.

  • UPDATE 1-Berry Plastics prices at low end of range Wednesday, 3 Oct 2012 | 5:48 PM ET

    By Olivia Oran Oct 3- Container maker Berry Plastics Group Inc. Berry Plastics, based in Evansville, Indiana, is the latest in a slew of companies that Apollo is trying to take public this year. Berry Plastics intends use its IPO proceeds to redeem notes due in 2016, it said in its registration filing.