Today’s Business Beat - Tuesday, Aug. 26

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Gogo, Aeromexico link up on inflight Internet service

Gogo Inc. will put its newest inflight Wi-Fi service on at least 20 jets operated by Aeromexico, the first airline to use the service. In all, the Itasca-based company will equip 58 Aeromexico aircraft with inflight Internet and entertainment service under an agreement announced Tuesday.

Hillshire, Tyson still working out details with regulators

Hillshire Brands Inc. and Tyson Foods Inc. are still trying to iron out details of its $8.5 billion deal with U.S. antitrust regulators.

American, US Airways will stop listing on Orbitz

American Airlines and US Airways are pulling flight listings from Orbitz after they were unable to reach agreement on a long-term contract.

McDonald’s might cut ties with OSI Group in China

McDonald’s Corp. has suspended its partnership with OSI Group in China and might drop the Aurora-based company as a supplier there.

Zagat names Lockdown Bar & Grill burger best in Chicago

The Lockdown Bar & Grill serves up the best in town, as determined by the burger barristers from the foodie guide Zagat. The Lockdown Warden scores highest in overall taste, as well as flavor, value and ingredients.

Ikea testing a city store format

Getting to an Ikea store could get a whole lot easier for citydwellers if the retailer’s experiment in Germany turns out well.

S&P 500 closes above 2,000 for first time

It was a big round-number day for the stock market. The Standard & Poor’s 500 index closed above 2,000 points Tuesday for the first time.

Burger King buying Tim Hortons for about $11B

Burger King is buying Canadian coffee-and-doughnut chain Tim Hortons Inc. for about $11 billion, creating the world’s third-largest fast-food company. The corporate headquarters of the new company will be in Canada, a move that may help Burger King lower its taxes. Burger King will still run its business out of Miami.

Bud Light’s ‘Whatever’ town is in Colorado

Some people in normally laid back Crested Butte, Colorado, are not up for “Whatever” — a secretive Bud Light plan to paint their mountain town blue and turn it into a fantasy town for an ad campaign.

US consumer confidence near a 7-year high: survey

U.S. consumer confidence this month reached its highest point in nearly seven years, boosted by strong job gains. The optimism suggests Americans will be more likely to spend in the months ahead, an important boost to the economy.

US closes probe into Camry Hybrid brake problems

An eight-month investigation into brake problems with some older Toyota Camry gas-electric hybrids has been closed without a recall.

US investigating Ford Explorer police SUV brake hoses

U.S. safety regulators are investigating a complaint that front brake hoses can fail on some Ford Explorer Police Interceptor SUVs.

US durable goods orders surge record 22.6 percent

Business orders for long-lasting manufactured goods shot up by the largest amount on record in July but much of the strength came from a huge surge in demand for commercial aircraft. Outside of transportation, orders actually fell.

Best Buy posts mixed results in 2Q

Best Buy’s fiscal second-quarter net income fell 45 percent, with sales weakening as shoppers continued their move to making purchases online.

The Latest
Our heroine (Hilary Swank) goes from playing hard to working hard to save an ailing girl.
An 18-year-old man was shot and hospitalized in critical condition about 5:30 p.m. Tuesday in the 4800 block of South Marshfield Avenue . A 40-year-old man was taken into custody after a 40-minute standoff.
Despite trailing for much of the game, the Roadrunners were prepared for these close battles thanks to their.trip to Florida for the Tampa Bay Christmas Invite.
Definition Theatre and Timeline Theatre Company were each awarded $180,000; Chicago Children’s Theatre received $100,000 and Remy Bumppo Theatre Company $50,000.