Business Beat for Tuesday, Nov. 11, 2014

SHARE Business Beat for Tuesday, Nov. 11, 2014

No cash, cards, just mobile pay for a week

AP technology writer Anick Jesdanun left his cash and credit cards at home for a week to see how well wallet-free mobile services work.

24 Chicago restaurants included in 2015 Michelin Guide

The city is home once again to two, three-star restaurants for only the second time since Michelin began rating Chicago’s booming gastronomy scene. [Entertainment]

Businesses cash in as women chase bigger butts

The U.S. booty business is getting a big bump. Companies are cashing in on growing demand from women seeking the more curvaceous figures of their favorite stars.

Business finds market for Ebola stuffed animal

Giant Microbes’ Ebola-virus stuffed animal has become a plush cash cow. The company sold out of the brown snake-like creatures and reordered.

Stocks eke out small gain to close at record

The stock market eked out another all-time high on Tuesday, but the gains were slight as investors awaited more news to give them an indication about the strength of the economy.

Hellmann’s owner sues over rival’s use of ‘Mayo’

Food company Unilever is suing a California company that uses the word “Mayo” in its egg-free sandwich spread name, saying mayonnaise must contain eggs.

Groupon forecasts profit growth

Groupon Inc., which is hosting its first analyst day, is touting profit and revenue growth for the next three years. [Bloomberg]

Tribune Media reports lower earnings

Tribune Media Co.’s earnings fell sharply in the third quarter, a decline blamed on the newspaper operations spun off in August.

Advocate Christ proposes $86 million ER expansion

The project would add 28 beds to the emergency department, increasing the total to 70. [Crain’s]

Ford’s aluminum F-150 almost ready for prime time

It’s Ford Motor Co.’s biggest bet in decades: an aluminum-sided F-150 that could set the industry standard or cost the company its pickup truck crown.

Mondelez buys majority of Vietnamese snacks company

Mondelez International will pay $370 million for a majority stake in Kinh Do Corp., a leading snacks business in Vietnam.

Microsoft drops Nokia name with newest Lumia phone

Microsoft has unveiled a cheaper smartphone, costing about $135, as it eyes emerging and other low-cost markets for growth. The new model also is the first Lumia smartphone under Microsoft’s own brand name.

Judge orders Lincoln Mall to close

A Cook County judge has ordered Lincoln Mall in Matteson to close after the holiday shopping season, the village says. [SouthtownStar]

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