Business Beat: Ikea, PayPal, Nasdaq

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Ikea launches furniture with built-in wireless chargers

Swedish retailer Ikea is launching a line of furniture with built-in charging spots, including in bedside tables, lamps and desks.

PayPal to acquire mobile wallet provider Paydiant

EBay’s PayPal payment unit is acquiring mobile wallet operator Paydiant ahead of PayPal’s spinoff as the mobile payment sector heats up.

Nasdaq closes above 5,000 for first time in 15 years

It was only the third time the index has closed above 5,000 in its 44-year history. The other two were March 10, 2000, when it closed at a record high of 5,048, and the day before.

Women’s fashion brand Courage B to open Lake Forest boutique

Entrepreneur Marcus Lemonis is bring a Courage B boutique to Lake Forest in late April.

Dover completes sale of unit to Honeywell

Downers Grove-based Dover Corp. announced Monday it has completed the $185 million sale of its Datamax O’Neil unit to Honeywell.

Berghoff rolls out Rockin’ Bock

Berghoff Brewery has released its newest spring season beer. Rockin’ Bock combines the hefeweizen and maibock styles.

Chicago is becoming a hub of connected-car technology

Luxury carmaker BMW’s purchase last fall of a small software-development group in the West Loop is another sign that Chicago is becoming a center of connected-car technology. [Crain’s]

McDonald’s new chief plots counter attack

New chief executive Steve Easterbrook has set expectations high for change at the world’s biggest restaurant chain. Now he’ll have to deliver. [The Wall Street Journal]

Google to offer own cellular network plan

The leading Internet search engine and mobile software provider, is working with unnamed network operators on developing a cellular plan.

Hewlett-Packard buys Aruba Network in $2.7 billion deal

Hewlett-Packard is buying wireless networking company Aruba Networks for about $2.7 billion, the biggest acquisition by HP in recent years.

Cardinal Health offers $1.94B for Johnson & Johnson unit

Cardinal Health is offering to buy a unit of Johnson & Johnson that makes heart devices for about $1.94 billion.

Costco strike credit card deal with Citi, Visa

Costco says it struck a deal for Citi to be the exclusive issuer of its co-branded credit cards, with Visa replacing American Express as the card network.

Bill Gates repeats at top of Forbes’ billionaires list

The world’s richest person got even richer this year. Forbes says that Bill Gates’s net worth rose to $79.2 billion in 2015 from $76 billion last year.

The Latest
The Ricketts family, owners of the Cubs, abandoned their bid last month.
The Phoenix Mercury center has been detained since Feb. 17 after vape cartridges containing oil derived from cannabis were allegedly found in her luggage at an airport near Moscow.
Robert Smith’s announcement that he’s leaving Simeon after the season hasn’t been the only move and shake-up in area coaching.
A morning fishing with Matt Mullady on the Kankakee River was good for catching smallmouth bass on topwaters (and other ways), to listen to and watch the birds, and to catch up on family and life.
A local man opened fire at Robb Elementary School in Uvalde, about 85 miles west of San Antonio.