Consumers Bid Farewell to Twinkies, HoHos, and Ding Dongs For Now

According to the Chicago Tribune, Hostess Brands, the iconic company responsible for childhood favorites such as Twinkies, Honey Buns, and Wonder Bread, announced Friday that it was calling it quits. While it has been in bankruptcy proceedings for at least five out of the last eight years, Hostess now claims that it cannot weather a […]

How to Collect Money Owed to You by Obtaining and Enforcing a Judgment

If someone owes you a debt, the best way to try and collect on your debt is to turn the outstanding obligation into a judgment.  Once a debt is turned into a judgment, there are many ways in which a judgment creditor (the person to whom the money is owed) can go about collecting on […]

HP Wins Lawsuit Against Oracle

It’s more bad news on the legal front for Oracle. HP has won its lawsuit against Oracle. A California judge has ruled that Oracle breached its contract when it decided to drop support for HP’s Itanium servers for future versions of Oracle’s database software. The judge told Oracle it must continue to make database products […]

MSNBC.com Dissolved by Microsoft and NBC

The Chicago Tribune reports that after a 16-year-relationship, the joint venture between Microsoft and NBC is no more. The online news service MSNBC.com will now be known as NBCNews.com, and it is widely speculated that Microsoft will soon embark on its own endeavor to built a new online news service. Headquarters will move from the […]

Former Western Springs Bank Chairman Guilty

According to a story in Chicago Business, James A. Regas, former chairman of now-failed Western Springs National Bank & Trust, admitted being guilty to making false statements on regulatory documents to conceal his interest in loans the bank made and that later went bad. Regas, 82, is also a lawyer and has represented other banks, […]

Walgreen Seeks to Reassure Investors About Alliance Boots Deal

In response to what some see as a potentially risky move in Deerfield-based Walgreen Co.’s attempts to acquire Alliance Boots GmbH, a European pharmacy and health-and-beauty retailer, Walgreen’s executives gathered investors together to reassure them of the company’s intentions. The Chicago Tribune story reports that Walgreen executives agreed to take a 45% stake in Alliance […]