Today’s Business Beat – Tuesday, Sept. 30, 2014

SHARE Today’s Business Beat – Tuesday, Sept. 30, 2014

Bank of America chips its debit cards

Bank of America is the first major U.S. bank to issue debit cards with chip technology. [MarketWatch]

Chicago home prices continue to rise

Chicago home prices rose 0.6 percent in July after rising 1.5 percent in June. Area home prices are up 4 percent from a year ago, reports Standard & Poor’s/Case-Shiller.

Walgreen posts quarterly loss on Alliance Boots charge

Walgreen booked a $239 million loss in its fiscal fourth quarter after swallowing a huge accounting charge from its Alliance Boots acquisition.

Baxter spinoff to set up R&D center near Boston

Baxter International Inc.’s biopharmaceuticals business plans to create a research-and-development center near Boston.

Homebrew dreams get closer to reality at this new plant

If friends swear your homebrew is so good they’d buy it, here’s the first step to taking their money.

ADM, Marubeni expand joint venture

Archer Daniels Midland Co. and Marubeni Corp. announced an expansion of Kalama Export Co. LLC, their joint venture in the Pacific Northwest.

Drug and device firms paid $3.5B to care providers

Drug and medical device companies paid doctors and leading hospitals billions of dollars last year, the government disclosed Tuesday.

Motorola Solutions needs a culture change: CEO Greg Brown

Motorola Solutions CEO Greg Brown says the Schaumburg-based company “needs to be simpler and leaner, with fewer layers of management.” [Crain’s]

Microsoft skips Windows 9 to emphasize advances

Microsoft says the next version of its flagship operating system will be called Windows 10.

Airbus wins European approval for its new A350 jet

Airbus won European safety approval on Tuesday for its new A350, which competes with Boeing Co.’s 787 Dreamliner. [Reuters]

Viagra ads target women for first time

The maker of the world’s top-selling erectile dysfunction drug on Tuesday will begin airing the first Viagra TV commercial that targets women.

United, Uber link ruffles some airports

United Airline’s deal to add Uber to the carrier’s mobile app has raised concerns among some airport executives. [New York Times]

PayPal goes mobile, to split from eBay in 2015

Mobile payment service PayPal is splitting from eBay and will become a separate and publicly traded company next year.

California becomes first state to ban plastic bags

Gov. Jerry Brown on Tuesday signed legislation imposing the nation’s first statewide ban on single-use plastic bags, driven to action by a buildup of litter and damage to aquatic ecosystems. [Early & Often]

Oil, rail industries want 7 years to fix tank cars

The cars have ruptured and spilled oil during collisions, leading to intense fires.

Buffalo grain silos being turned into huge beer ad

A cluster of 100-foot-tall grain silos in Buffalo is being turned into the world’s largest six-pack.

The Latest
The beloved lakefront event will take place Aug. 20-21, centered at North Avenue Beach.
About 7:30 p.m., an “all-clear” was given, according to a statement from the Chicago Zoological Society.
The Cubs played game No. 81 on Tuesday against the Brewers, so it’s time to dole out midseason awards.