Business Beat for Tuesday, Oct. 14, 2014

SHARE Business Beat for Tuesday, Oct. 14, 2014

AbbVie reconsidering deal with Shire

The North Chicago-based drugmaker is having second thoughts about its $55 billion deal to combine with British counterpart Shire. AbbVie said late Tuesday its board needs to weigh whether it is still a good idea in light of new U.S. tax regulations aimed at cracking down on corporate inversions.

Sears apologizes, removes swastika ring from online store

Sears got a tongue-lashing on social media Tuesday over a men’s swastika ring offered for sale online.

Macy’s to open earlier on Thanksgiving

Macy’s says it will open stores at 6 p.m. on Thanksgiving Day, two hours earlier than last year, to lure holiday shoppers.

100s are wild at Domino’s on Saturday

Domino’s Pizza in the Chicago area will have a special pizza sale for 100 minutes Saturday.

AT&T to offer ultra-fast Internet in Chicago

AT&T confirmed plans Tuesday to expand its ultra-fast, all-fiber GigaPower broadband network to Chicago.

CME Group eliminating about 150 jobs

CME Group said Tuesday the cuts amount to about 5 percent of its global workforce.

Veterans’ start-up will help those in military save money on financial services

Afghanistan war vets Ceasar M. Munoz and Jason Smartt aim to upend traditional credit scoring, which can penalize junior active-duty soldiers.

Wintrust to buy another Wisconsin bank

Rosemont-based Wintrust will pay $38 million in cash and stock for Delavan Bancshares Inc., which has four offices including one in Lake Geneva.

US stocks stabilize after a three-day sell-off

U.S. stocks ended mostly higher Tuesday after a three-day slump.

McDonald’s now takes cash, credit and American Express rewards points

McDonald’s and American Express say reward points are as good as cash for food and beverages at McDonald’s restaurants. [Businessweek]

Ride app Hailo shutting down in North America

Taxi app company Hailo is shutting down operations in Chicago and pulling out of North America.

Google Express brings same-day delivery to Chicago

Google’s on-demand delivery service launched Tuesday in Chicago, Boston and Washington, D.C. [Fortune]

Chrysler recalls 184,215 SUVs for air bag defect

The recall involves the 2014 model year Dodge Durango and Jeep Grand Cherokee.

Olive Garden parent company names interim CEO

Darden Restaurants promoted chief operating officer Gene Lee to interim CEO after a board takeover by an activist investor last week.

J&J hikes 2014 forecast for a third time

Pharmaceutical sales helped Johnson & Johnson trump analyst expectations for its recently concluded quarter.

JP Morgan returns to profit in third quarter

JPMorgan Chase, the largest U.S. banks by assets, on Tuesday reported a third-quarter profit after booking a loss in the same period a year ago.

Citigroup to exit 11 markets in restructuring

Citigroup intends to get out of retail banking in 11 markets as part of its ongoing effort to restructure and slim down since the financial crisis.

The Latest
Alexander Canario’s home run ignited a Cubs offense that found its groove late in a 5-3 victory in Game 2. The Marlins won the first game 3-2.
The 20-year-old was found Saturday in a bedroom of a home in the 7700 block of South Trumbull Avenue, police said.
But the Sox broke through for five runs against reliever Ricardo Pinto in the ninth inning to avoid a record eighth shutout in 20 games in a 9-5 loss.
After Alzolay’s latest blunder, the Cubs might have a closer problem.