Chicago Tribune BizWrap
December 8, 2016 View email in browser

Trump’s Boeing blast may mute CEOs

President-elect Donald Trump’s anti-Boeing tweet may have a chilling effect on corporate CEOs speaking out.

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Sears lost $748 million last quarter, will seek to close more stores

Sears, the onetime standard bearer for U.S. retail, has posted quarterly losses for more than a year now, and sales continue to slide as the company shutters poorly performing stores.

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Medicare, Medicaid head says repealing Obamacare without replacement would be ‘chaos’

Andy Slavitt, acting administrator at the Centers for Medicare & Medicaid Services, discusses how the new administration’s plans might affect Americans.

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Trump to name fast-food CEO Andrew Puzder to head the Labor Department

President-elect Donald Trump is expected to name fast-food executive Andrew Puzder, a vocal critic of substantially increasing the minimum wage and an opponent of rules that would make more workers eligible for overtime pay, as head of the Labor Department, according to a Republican briefed on the decision.

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Mortgage applications jump, possibly from fear of a bump in interest rates

The fear of rising mortgage interest rates may have nudged people into action on homebuying in November.

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Chinese court says Michael Jordan owns his name

China’s top court ruled that Hall-of-Fame basketball player Michael Jordan can have his name back.

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1 in 10 kids got unneeded medical services in 2014, U. of C. study says

At least one in 10 children received unnecessary medical services in 2014 – costing families more than $9 million and causing potential harm to those kids, according to a recent study out of the University of Chicago.

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Trump called ‘risk factor’ in Chicago company’s SEC filing

Methode Electronics added the president-elect to its list of potential “risk factors.” Disclosures of a wide range of concerns are common in SEC filings.

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