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2016 Bank of America Chicago Marathon Commences; Chumba, Kiplagat Aims to Defend Titles

2016 Bank of America Chicago Marathon Commences; Chumba, Kiplagat Aims to Defend Titles

Men and Women came to join again the said marathon to defend their titles and to be the best of the best.

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App Car Service Startups Continue To Irk Traditional Cab Companies And Regulators

Lyft Teams Up With GM to Launch Car Rental Program as It Aims to Get More Drivers

App-based ride-hailing service Lyft announced its new initiative with GM, a car rental program called Express Drive. Aiming to grow its base of drivers, the new program will allow drivers to apply without owning a qualifying car but renting in instead.

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Justice Department Announces 900 Million Dollar Settlement With GM Over Ignition Switch Recalls

Maven, the new car sharing brand of General Motors can be driven for $6 an hour

GM's Maven is set to revolutionize the car-sharing and ride-sharing services with an hourly rate of $6. This has been quite an aggressive move from the conventional car-maker. However, the company is pretty confident that car-sharing section is now ready for a highly personalized, easy-to-use mobility service, which it plans to provide through its fleet of Chevrolet Spark and Tahoe.

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Chicago

Chicago catching up fast as next Silicon Valley hub

With California's real estate over saturating fast, Chicago is poised to be next best option among other potential cities to be future Silicon Valley tech hubs.

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Auto show

GM confirms compact electric car to be made at Michigan plant

General Motors Co (GM.N) said Thursday it will build a compact electric car at an assembly plant near Detroit, where it will invest $200 million for the project.

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XPO Logistics Inc

XPO Logistics buys home delivery company to tap e-commerce boom

XPO Logistics Inc (XPO.N) has bought home delivery company UX Specialized Logistics for $59 million in cash to tap into the booming e-commerce market in North America.

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Caesars Entertainment Corp

Caesars' gets its Chicago bankruptcy in win for Apollo

The bankruptcy of the operating unit of Caesars Entertainment Corp's will proceed in Chicago, a victory for the casino company's private equity backers over its hedge fund creditors who wanted the case in Delaware.

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President Barack Obama

Spending- why 'red' states shoulder the deepest cuts under Obama

As Washington has tightened its belt in recent years, the budget cuts have sliced most deeply in states where President Obama is unpopular, according to an analysis of federal spending by Reuters.

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Dish Network Corp.

DISH, Comcast SportsNet reach deal in regional dispute

Satellite TV provider DISH Network Corp and Comcast Corp's SportsNet have reached a deal allowing the cable giant's regional sports networks to remain on-air for DISH subscribers, the two companies said on Saturday.

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Holiday shopping

Last U.S. holiday shopping weekend off to solid start

Shoppers filled up malls and department stores on the last weekend before Christmas, as the weather cooperated to help raise the prospect of a solid finish to a holiday season that has so far produced mixed results.

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House

U.S. existing home sales at one-year high, prices up

U.S. home resales raced to a one-year high in September, the latest indication the housing market recovery is gradually getting back on track.

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chicago

Chicago church gives congregants $500 each to spend for good cause

Churchgoers grumble that they always get hit with pleas for money. But congregants at a Chicago church this month got a surprise – they each received a check for $500, with instructions to go out and do something good with it.

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Calumet Photographic Inc

C&A adds bankrupt Chicago photo chain Calumet in $4M deal

Ridgefield Park, New Jersey-based camera and photography equipment manufacturer C&A Marketing Inc added the already-bankrupt Chicago, Illinois-based photo chain Calumet Photographic Inc for $4 million to rebuild the shuttered business.

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Miret Surgical

Chicago startup Miret Surgical pockets $664K in Series A round to make surgeries less invasive

Chicago, US-based medical device startup Miret Surgical pocketed $664,750 in a Series A funding round from several angels and venture capitalists to develop a set of laparoscopic tools that will make surgeries less invasive with less scarring.

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Rockland Capital

GE Financial Services funds Rockland's acquisition of Elgin Energy Center in Illinois

GE Financial Services is lending $50 million to investment company Rockland Capital LLC to be used for the latter's acquisition of power generation facility Elgin Energy Center in Illinois, US.

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