Skokie News

The Hindu
BP: Deepwater Horizon oil well will be permanently sealed 'in two weeks'
The Guardian
BP said today it is a fortnight away from sealing the ruptured oil well in the Gulf of Mexico for good, as it revealed that the bill for containing and cleaning up the oil spill – the largest in American history – has reached $8bn. ...
US Probes Mariner Fire in Gulf of Mexico That Sparked BP Spill Deja Vu Bloomberg
BP says oil spill cost up to $8bn BBC News
BP: Cost of Spill Hits $8 Billion Wall Street Journal
Washington Post  - The Associated Press  - MarketWatch
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Homeowner wants a second look from Liberty Mutual inspector

As a storm pummeled the Churchill Development in Schaumburg April 5, Edward Goldin hunkered down in his house and listened with concern.

Globe and Mail
Earl bears down
Boston Globe
Hurricane Earl swelled yesterday into a massive storm almost the size of New England, swirling north up the Eastern Seaboard on a track expected to take it perilously close to Nantucket around midnight. ...
Hurricane Earl Bears Down on Carolina Coast New York Times
Hurricane Earl, downgraded to Category 2, begins hitting Outer Banks Washington Post
Earl takes swipe at North Carolina, heads up coast Los Angeles Times
CNN  - ABC News  - Wall Street Journal
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Retailer revamping apparel inventory and displays at stores in Chicago, 3 other major markets

Sears is attempting to make over its apparel business — once again.

Dell Inc. doesn't have to start over in its quest to become a significant purveyor of technology for businesses after losing a multibillion dollar bidding contest for an obscure data-storage maker. But it won't be easy, either, for Dell to shake its "Dude, you're getting a Dell" image and move into ...

$4 billion deal highlights brand ripe for turnaround

It's not easy going up against McDonald's, but someone wants to try — again.

A new survey shows an average worker with a family plan pays nearly $4,000 a year, up 14% from 2009. Meanwhile, the average employer contribution to a family plan hasn't increased at all.

As employers struggle with rising healthcare costs and a sour economy, U.S. workers for the first time in at least a decade are being asked to shoulder the entire increase in the cost of health benefits on their own.

(Crain's) — The Chicago Sanitary and Ship Canal will be shut down temporarily to all traffic between Oct. 4 and 8 for construction work on the underwater electronic barriers designed to keep Asian carp from reaching Lake Michigan.

(Reuters) — Ulta Salon, Cosmetics & Fragrance Inc. posted a higher-than-expected quarterly profit, helped by higher merchandise margins, and forecast a strong third quarter, sending its shares up 11 percent.

ST. LOUIS—An FBI agent says an Illinois defense attorney facing federal charges that he tried to smuggle a heroin-filled condom into an Indiana federal prison claims to have done it repeatedly, exploiting greater privacy privileges lawyers are afforded in the lockups. Federal authorities in Terre ...

(AP) — Derivatives exchange operator CME Group Inc. said Thursday its August volume averaged 11.7 million contracts per day, a 15 percent increase from a year ago.

Verizon Wireless said Thursday it will offer no-contract data plans for many of its 3G multimedia phones and smartphones, including those from its premier Droid line of devices.

(Reuters) — Standard & Poor's on Thursday said it may raise Motorola Inc.'s ratings into investment grade, citing the company's improving liquidity and its potential to reduce debt.

(AP) — Hewitt Associates completed its acquisition of investment advisory firm EnnisKnupp, the company said Thursday.

msnbc.com
Bernanke: Shut down banks if they threaten system
BusinessWeek
Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system. "If the crisis has a single ...
Bernanke Empowered Bloomberg
Bernanke Takes Blame for Muddling Message on Lehman ABC News
Lehman Brothers rescue would have been unlawful, insists Bernanke The Guardian
Financial Times  - Los Angeles Times  - Wall Street Journal
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(AP) — Indiana State Police say the movie extra injured at a "Transformers 3" production site is in critical condition.