Today’s Business Beat – Tuesday, Sept. 16, 2014

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Boeing, SpaceX win multibillion dollar contract for new manned NASA craft

NASA picked Boeing and SpaceX to transport astronauts to the International Space Station in the next few years.

United offers $100K to flight attendants who leave

United Airlines is offering up to $100,000 in severance to flight attendants who leave the company. The airline hopes at least 2,100 of its 23,000 flight attendants will accept.

Fall gas prices likely to hit four-year low: GasBuddy

Gasoline prices are likely to be at their lowest in four years when the fall season begins next week.

Walgreen holding company created

Walgreen Co. has formed a holding company as part of its takeover of Alliance Boots GmbH. The holding company, Walgreens Boots Alliance Inc., was incorporated in Delaware but will have its headquarters in the Chicago area.

Sears shares slide more than 9 percent

Sears shares fell 9.4 percent Tuesday, a day after the retailer announced it was taking out a $400 million loan from a hedge fund run by CEO Edward Lampert. Credit ratings agency Fitch Ratings said the move was a “short-term fix” for a “much larger need” for cash.

Tribune Media to redevelop property near Freedom Center

Tribune Media Co. is seeking a partner to help redevelop some property along the Chicago River near the Freedom Center.

Tribune Publishing invests in content-marketing company

Tribune Publishing Co. said Tuesday is has invested in the content-marketing company Contend, which works with staff in Chicago and Los Angeles.

American Airlines agents change direction, OK union

Customer-service agents at American Airlines are voting overwhelmingly to join a union and reverse a “no” vote in 2013.

Anheuser-Busch joins growing chorus of corporate concern over NFL controversies

Anheuser-Busch released a strongly-worded statement Tuesday, saying they are disappointed in the NFL’s recent handling of players’ behaviors.

Self-driving cars finally get counted

Any guesses about which company has the most self-driving cars on the road? California finally knows the answer.

Mall mashup: Washington Prime to buy Glimcher

Washington Prime Group Inc., which spun off from mall operator Simon Property Group earlier this year, said Tuesday that it is buying rival Glimcher Realty Trust. The cash-and-stock deal is worth about $2.06 billion.

Buffett’s firm gets 9% interest, stock in Burger King-Hortons deal

No matter how successful Burger King’s acquisition of Canadian fast food chain Tim Hortons is, Warren Buffett’s company will profit on the deal.

Lilly, AstraZeneca team up on Alzheimer’s drug

Eli Lilly and Co. plans to pay up to $500 million to fellow drugmaker AstraZeneca as part of a collaboration to develop and sell a potential Alzheimer’s disease treatment that is in the early stages of clinical testing.

Humana board OKs $2 billion in share repurchases

Humana’s board of directors has replaced the health insurer’s share buyback plan with a bigger authorization for $2 billion in repurchases.

UPS expects to hire up to 95,000 seasonal workers

UPS plans to hire up to 95,000 workers to help deliver packages during the busy holiday season — an increase from last year, when the company was caught unprepared for a boom in online shopping.

US producer prices unchanged in August

A measure of prices that producers receive for their goods and services was unchanged in August, the latest sign that inflation is in check.

Neiman Marcus buying

The Neiman Marcus Group has reached a deal to buy upscale German retailer

Hertz adding Icahn-backed candidates to its board

Dodging a proxy fight with billionaire Carl Icahn, Hertz has added three of his chosen candidates to the board.

Allergan agrees to move forward with meeting

Allergan will hold its special shareholders meeting as planned on Dec. 18, while Pershing Square and its partner, Valeant Pharmaceuticals, continue their push for control of the Botox-maker’s board.

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