Business Beat for Monday, Oct. 20, 2014

SHARE Business Beat for Monday, Oct. 20, 2014

Bad news for retailers that were hacked

Nearly half of shoppers says they’re reluctant this holiday season to return to stores that have been hacked, CreditCards.com says.

Pay raises rarer despite strong US hiring: survey

U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy.

US airlines raise base fares on domestic flights

U.S. airlines are raising base fares on many domestic flights even though they are getting a windfall from lower fuel prices.

The Kindle Voyage is sucking up to Andy Ihnatko and it’s working

“Any number of devices do a fine job as book readers. But if you love reading … you want a Kindle Voyage.”

US agency warns car owners to get air bags fixed

U.S. safety regulators warned owners of more than 4.7 million vehicles that have been recalled for air bag problems to get them repaired immediately.

Sears plans to raise more cash via rights offering

Sears is planning a rights offering that may raise up to $625 million.

McDonald’s losing some bargain-conscious diners

The chain’s diminishing appeal among budget diners is projected to take a bite out of third-quarter earnings, Bloomberg reports.

Canadian Pacific ends CSX deal talks

The railway operator did not say why it ended talks, but it did note in a brief statement that regulatory concerns appear to be a major deterrent.

US stocks close higher as turbulence fades

U.S. stocks closed with modest gains Monday after last week’s turbulence. All three main stock indexes ended higher.

Golden State Foods shows off new McCook distributor center

Golden State Foods on Monday marked the grand opening of its new distribution center in McCook.

Blaze Pizza to open in West Loop

Build-your-own pizza chain Blaze Fast Fire’d Pizza says it will open Thursday in the West Loop, its third restaurant in Chicago.

Alcohol-delivery startup Minibar expands to Chicago

Minibar, a startup one-hour delivery system for wine, spirits and beer, has arrived in Chicago.

American, US Airways complete cargo combination

The combined cargo unit will have annual revenue of more than $800 million. The airlines hope to combine passenger operations next year.

Botox-maker Allergan urged to merge with Shire

Allergan Inc. shareholder Paulson & Co is urging the Botox maker to merge with specialty pharmaceutical company Shire Plc, Reuters reports.

Danone says board hadn’t discussed Mead Johnson

A Danone executive says Glenview-based Mead Johnson was “absolutely not discussed” during a board meeting Oct. 17, Reuters reports.

China to overtake U.S. as busiest air passenger market

The United States will fall to No. 2 around 2030, according to an International Air Transport Association forecast. [AirwaysNews.com]

Toyota adds 247K vehicles to air bag recall tally

Toyota is recalling 247,000 vehicles in high-humidity areas as an air bag problem that has plagued most of the auto industry continues to widen.

Whole Foods tries national ads for first time

The move comes at a time when the chain is facing slowing growth and increasing competition from the likes of Safeway and Wal-Mart.

IBM to pay $1.5B to shed its costly chip division

An IBM executive says handing over control to Globalfoundries will allow the semiconductor operations to grow faster.

The Latest
Madrigal was slotted into the leadoff spot for the Cubs’ game Sunday against the Marlins.
Robert Heinzen died a day before the celebration his family rushed to finalize. They decided to go ahead with the performance as a memorial Mass.
Archaeology activity in the sprawling site, near modern-day Naples, has increasingly focused on the lives of the middle class as well as of servants and other enslaved people.
Her car came to a stop inside the two-story house and started a fire that took nearly 60 firefighters more than an hour to douse, the Los Angeles Fire Department said.
White Sox recall infielder Lenyn Sosa from Charlotte, option left-hander Tanner Banks