- Answers about lingering delays at Chicago airports
San Francisco Chronicle, Monday - 09/29/2014 - 05:35 PM
Traffic at Chicago's two busiest airports was slowly returning to more normal levels Monday, three days after a fire at a regional air traffic control center disrupted much of the nation's air-travel system. The Federal Aviation Administration has temporarily assigned other controllers to oversee the airspace normally covered by the crippled suburban facility, but full service may not be restored for two weeks. A: Since Friday morning, more than 3,700 flights have been canceled at O'Hare Airport, the nation's second-largest airport by passengers, and Midway Airport, the nation's 21st largest. United Airlines and its regional partners canceled 1,579 flights, according to flight tracking site FlightAware.com. A contractor at the FAA's center in the Chicago suburb of Aurora allegedly set a fire Friday in the basement telecommunications room and then attempted to commit suicide by slashing his throat. Traffic below 18,000 feet is being handled by 19 regional facilities, which hand off approaching flights to the individual airport control towers for clearance to land.  it took some time to get the plan in place. Next, there was a problem sharing data between the various control centers. Since the fire took out telecommunications, there was no easy way to exchange flight data between Chicago and the four neighboring centers.  crews are cleaning the area damaged by the fire, making sure the building is safe. The work involves replacing 20 of 29 racks of fiber-optic cables and other telecommunications equipment and re-establishing more than 600 circuits, "so it's a very, very large job," FAA Administrator Michael P.
- Tibco to be sold to private equity firm for $3.98B
Associated Press, Monday - 09/29/2014 - 08:48 AM
Tibco Software Inc. says it is selling itself to a private equity firm Vista Equity Partners for about $3.98 billion.
- Bankruptcy's end more clear than Orr's future
St. Louis Post-Dispatch, Sunday - 09/28/2014 - 06:47 PM
Kevyn Orr's success in shepherding Detroit through its historic bankruptcy will leave him unemployed, at least temporarily, when and if his task in the Motor City is complete.
- Madoff son was under scrutiny until day he died
Daily Oklahoman, Sunday - 09/28/2014 - 12:40 PM
Bernard Madoff's last surviving son was under investigation for possible involvement in his father's multibillion-dollar Ponzi scheme until the day he died from cancer earlier this month. Andrew Madoff had long maintained that he and his brother, Mark, who hanged himself in 2010, knew nothing of the massive fraud. But two federal law enforcement officials said investigators never believed the brothers were unaware of the fraud and both were under investigation until their deaths.
- Tech-friendly cities struggle with new biz rules
Seattle Post-Intelligencer, Sunday - 09/28/2014 - 11:27 AM
In Boston, the City Council has banned an application that would allow people to sell their parking space. Uber and local technology entrepreneurs opposed to the regulations say it's ironic that two cities that have built their reputations largely on innovation are effectively stifling new technologies.
- Pilots end strike at Air France after 14 days
Phoenix Arizona Republic, Sunday - 09/28/2014 - 07:45 AM
Air France's leading pilots union says it has ended a 14-day strike that crippled air traffic and led to stern shows of frustration by the French prime minister.
- China busts smugglers of iPhone 6 in Shanghai
Associated Press, Sunday - 09/28/2014 - 03:40 AM
China in recent days has busted a slew of smugglers bringing Apple iPhone 6 models into the country ahead of their official release here. State media on Sunday announced the latest seizure of 453 smartphones in Shanghai.
- California protesters block Israeli-owned ship
Daily Oklahoman, Saturday - 09/27/2014 - 08:25 PM
Officials say a group of pro-Palestinian protesters are again blocking an Israeli-owned commercial ship from unloading its cargo at a port in California. International Longshore and Warehouse Union spokesman Craig Merrilees says longshore workers did not unload cargo from the Zim Shanghai docked at the Port of Oakland on Saturday morning because of safety concerns raised by the presence of police and protesters. Steve Zeltzer, a spokesman for the Stop Zim Action Committee, says about 200 protesters planned to demonstrate again during the longshore workers' evening shift. The protesters are demonstrating in response to recent Israeli military action in the Gaza Strip. Last month, protesters blocked cargo from unloading off the Zim Piraeus for nearly five days before the ship apparently departed to Los Angeles with a partial load.
- As families flee coal country, schools struggle
Atlanta Journal-Constitution, Saturday - 09/27/2014 - 11:30 AM
As families flee coal country, schools struggle
- US rig count unchanged at 1,931
Seattle Post-Intelligencer, Friday - 09/26/2014 - 01:25 PM
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U. S. was unchanged this week, holding at 1,931. The Houston firm said Friday in its weekly report that 1,592 rigs were exploring for oil and 338 for gas.
- Why rate hikes are good news for stocks
Seattle Post-Intelligencer, Friday - 09/26/2014 - 01:25 PM
In the nine instances since 1955 that the Fed has started raising rates after a recession, the Standard & Poor's 500 index has risen by an average of 58 percent between the first hike and the peak of the market, according to LPL Financial, an independent broker-dealer based in Boston. "Rising interest rates are usually a symptom of the success of the economy, and companies are benefiting from it," says Seth Masters, chief investment officer for Bernstein Global Wealth Management. Stocks rise when the Fed lifts rates enough to contain inflation, but not by so much that the hikes suffocate borrowing and lending. A healthier economy also means stronger corporate earnings, which drive stock prices, says Jim McDonald, chief investment strategist at Northern Trust Asset Management. Once the central bank ends its third round of quantitative easing after its next meeting that starts Oct.
- Activist investor pushes Yahoo to buy rival AOL
Seattle Post-Intelligencer, Friday - 09/26/2014 - 12:35 PM
An activist investor is urging Yahoo to buy rival AOL to help the long-struggling Internet companies to become more competitive in a digital advertising market currently dominated by Google and Facebook.