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
College students who will be living away from home for the first time need to inquire about voting requirements in the state where they intend to live for the next year.
Patrick Mahomes and the Chiefs’ easily went through the Bears’ first-team defense (well, most of it) for a touchdown Saturday, but that’s not going to increase the urgency to get Smith back on the field. Still, Bears GM Ryan Poles will be challenged to have this impasse end well.
Raymond Comer, 37, was shot after officers “clearly directed [him] multiple times to not retrieve the weapon,” according to an arrest report.
About 5 a.m., a car was traveling south in the 7000 block of South Jeffery Boulevard when it ran over four males.
Victor Manuel-Reyes, 36, was arrested Friday after he was identified as the person who rode on a scooter and sexually assaulted women.