Business Beat for Wednesday, Nov. 12, 2014

SHARE Business Beat for Wednesday, Nov. 12, 2014

Saving a few pennies a gallon adds up

U.S. consumers will save $61 billion on gas in 2015 compared with this year, the government says. If the sharply lower estimate holds true.

Comcast unveils ‘talking guide’

Comcast says the Xfinity TV system’s voice-enabled guide will be an industry first and help its blind and visually impaired customers.

McDonald’s to open in Kazakhstan after closings in Russia

McDonald’s Corp., which has been forced to close some restaurants in Russia, will open its first store in nearby Kazakhstan next year. [Bloomberg]

RadioShack backtracks on Thanksgiving hours

RadioShack stores will close between noon and 5 p.m. on Thanksgiving after workers balked at being open 8 a.m. until midnight. [Bloomberg]

Turkeys more expensive this year, Purdue economist says

Thanksgiving food shoppers will find adequate supplies of turkeys but possibly at higher prices, a Purdue University agricultural economist says.

US stocks edge lower after five record closes

Big banks weighed on the stock market Wednesday, tugging major indexes back from record highs.

JPMorgan, BofA, Citi fined total of $950M by US

U.S., British and Swiss regulators have fined five global banks $3.4 billion for attempting to manipulate foreign exchange markets.

Macy’s, Bloomingdale’s launch same-day delivery

Department store chains Macy’s and Bloomingdale’s have launched same-day delivery in the Chicago area for online orders.

ALSO: Macy’s 3Q profit tops Street, cuts 2014 outlook

Target bringing small stores to Lakeview, Streeterville

Minneapolis-based Target plans to open its new small-format stores, TargetExpress, in Lakeview and Streeterville. [Crain’s] changes ownership, raises $6 million

Online learning website has announced an ownership change and $6 million in Series A funding.

ADM opens part of food-ingredient plant in China

Archer Daniels Midland Co. on Wednesday officially opened the sweetener-making portion of a production plant in China.

YouTube adds subscription music service

YouTube is adding a subscription music service and a new format designed to make it easier to find millions of songs that can be played for free.

GM: Parts ready to fix SUVs that can catch fire

The automaker will start notifying owners of 189,000 SUVs this week they can take them to dealers, who will replace faulty power window switches.

Groupon drops ‘Gnome’ trademark claims

Groupon has dropped efforts to trademark the “Gnome” name after clashing with an open-source software group of the same name. [PCWorld]

Wal-Mart orders stores to improve grocery performance

The retailer has sent a memo to managers nationwide pushing them to improve the dairy, meat and produce departments. [New York Times]

US wholesale stockpiles up 0.3 percent

U.S. wholesale businesses posted a modest gain in their stockpiles in September as sales rebounded from a big decline the previous month.

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Little Amal is making her way across America to inspire hope and draw attention to the plight of many refugees around the world, half of whom are children.
A couple dozen Black leaders attended Thursday’s Board of Education meeting to ask for a committee that would develop a strategy to help Black students academically.
Hubbard’s defensive stop sealed a 26-20 victory. It’s the fifth win of the season for the Greyhounds, which is as many games as they’ve won in the last four seasons combined.