Live Nation to rock London Olympic park in 2013






LONDON (Reuters) – Live Nation Entertainment said on Tuesday it had secured exclusive rights to host major music concerts in London’s Olympic Park and Stadium complex in 2013.


Live Nation, which hosted more than 400 concerts and performances across Europe in the past year, said it has already planned to hold its Wireless Festival and Hard Rock Calling events at the Queen Elizabeth Olympic Park in the summer.






“We are delighted to be staging music concerts at the London Olympics venue, which last year became a globally-recognized site for outstanding performances – both in sport and music,” John Reid, president of concerts at Live Nation Europe said in a statement on the company’s website.


The announcement is a boost for the British government, which provided almost 9 billion pounds ($ 14.25 billion) of public money to build and provide security for the London 2012 Games, quashing criticism that the east London site could become an expensive white elephant after a glorious summer of sporting drama.


The London Legacy Development Corp (LLDC), set up to transform the park into a viable space for entertainment, leisure and work, said the concerts will form part of a series of events that include a cycling festival, a weekend of music and other activities.


LLDC Chairman and London Mayor Boris Johnson said the Live Nation deal was a ringing endorsement of the efforts made to transform the park.


“Along with the other major international sports events we have already secured this latest news proves that the park has a very bright future indeed,” Johnson said in a statement on the LLDC website.


The LLDC is negotiating with West Ham United to try to finalise a deal for the Premier League soccer club to move into the Olympic Stadium.


The deal also provides Live Nation with a venue to stage events that had become a bone of contention for some residents living near London’s Royal Parks, who complained that its summer concerts failed to end at the appointed time and were too loud.


Concert-goers were surprised in July when microphones were suddenly switched off on Paul McCartney and Bruce Springsteen in mid-duet when a Hyde Park concert ran over time.


Financial terms of the London Olympic venue contract have not been disclosed. Details of the music acts and dates to perform at the site will be announced in the first quarter of 2013, Live Nation said.


($ 1 = 0.6316 British pounds)


(Reporting by Paul Casciato; editing by Keith Weir)


Music News Headlines – Yahoo! News





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SciTimes Update : Science News From Around the Web


Wednesday in Science, we’re reading about killer penguins, texting moms, asteroid mining, designing a more pleasurable condom and a maple leaf controversy in Canada. Check out these and other science headlines from around the Web.


The Last 925,000 Pounds Are Always the Hardest: Boston’s citywide challenge to lose one million pounds in a year appears to have fallen about 925,000 pounds short, The Wall Street Journal reports. With just a few months left to go, the city’s collective weight loss has reached only about 75,000 pounds. Why did the city diet fail? Maybe it was the “Scooper Bowl” all-you-can-eat ice cream festival.



Andy Isaacson for The New York Times

An Adélie penguin colony in Cape Royds, Antarctica.



No Escape from a Hungry Penguin: Hungry penguins with tiny video cameras strapped to their backs have given scientists a rare glimpse of their killer feeding habits, reports The Guardian. In more than 14 hours of filming using cameras strapped to 11 Adélie penguins, not once did a bird fail to capture its prey. Penguins are such efficient killers, most of their victims have no time to hide, while others try in vain to flee. Watch it all on Penguin-cam.


The Condom Gets a Makeover: Most condoms are made of latex. Los Angeles design company Strata has developed a new silicone condom it claims not only does a better job blocking viruses and bacteria, but also scores more points in the pleasure department. You can learn more about the “Origami” condom and watch a video at New Scientist (registration required).



Mathieu Belanger/Reuters

New Canadian money seems to depict a species of maple leaf that is not Canadian in origin.



Canada Turns Over a New Leaf: Canada’s new $20, $50 and $100 bills appear to have the wrong maple leaf on them, reports BBC Canada. Botanists say the bills feature a Norwegian maple leaf, with five lobes, rather than the Canadian sugar maple leaf, which has just three lobes. Bank of Canada officials say the image is a “stylized blend” of maple leaves created with the help of a botanist and designed to avoid regional bias.


Universal Art: Scientists use thin sections of meteorites to study the history of the universe. But to the rest of us, they are just really pretty. Scientific American offers a slide show revealing the stained-glass beauty in ancient meteorites.



Erin Siegal/Reuters

An employee at Google resting in a nap pod, which blocks out light and sound.



Businesses Invest in Sleep: Tired office workers cost businesses billions in productivity and it’s estimated that one in three workers doesn’t get enough rest. As a result, some companies are now offering sleep talks and special lighting to promote better sleep among the staff, reports The Wall Street Journal. Google offers its workers a sleep pod for midday power naps.


Men More Likely to Cheat at Science: Men are more likely than women to commit scientific fraud, reports Science Daily. A new study in the journal mBio found that in 215 cases of scientific fraud in the records of the United States Office of Research Integrity, 65 percent were blamed on men.


Anti-Bacterial Soap Ingredient Found in Lakes: Triclosan, the common ingredient found in antibacterial soaps and toothpastes, is showing up in increasing amounts in Minnesota lakes, Science360 reports.


Mining Asteroids: A team of entrepreneurs and engineers announced plans for a space mining company that would turn asteroids into rocket fuel, solar panels and components for spacecraft orbiting the earth, reports The Christian Science Monitor. In theory, mining asteroids should be cheaper than hauling materials from earth. Watch a video discussion on CBS This Morning. National Geographic also reports on the perils and promise of mining asteroids.



Tony Cenicola/The New York Times



Alcohol Hinders Sleep: While many people think a nightcap might help them sleep, drinking alcohol before bedtime actually reduces sleep quality, reports WebMD. The review of 27 studies found that while alcohol does allow healthy people to fall asleep quicker and sleep more deeply for a while, it also reduces rapid eye movement (REM) sleep.


Moms Text Behind the Wheel: Having a baby on board does not curb a new mother’s texting and cellphone use, reports USA Today. A new survey shows that 78 percent of mothers with children under age 2 acknowledge talking on the phone while driving with their babies. Meanwhile, 26 percent say they text or check their e-mail – behavior that rivals that of teenage drivers. Nearly two-thirds of them said that they have turned around to deal with their baby in the back seat while driving.


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Chicago hotel occupancy climbs back









Visitors filled downtown hotel rooms in 2012 at a rate not seen since before the recession.

Hotel occupancy rose to 75.2 percent, up from 72.2 percent in 2011, according to an announcement by Choose Chicago, the city's tourism and convention agency, and Mayor Rahm Emanuel. The 2012 level matched a previous record set in 2007.

Hotel operators also saw increases in two other key measures, though those remain slightly below their peaks. The average daily room rate rose to $187.27, from $177.33 in 2011. And the revenue per available room, a key indicator of profitability, increased by 10 percent to $140.76.

The data comes from STR Global, with analysis by Choose Chicago.

Among the factors affecting performance, officials said, was a more aggressive marketing strategy. They cited Choose Chicago's regional advertising campaigns. An eight-week winter and 12-week summer campaign, at a combined cost of $2 million, targeted Cincinnati, Detroit, Grand Rapids, Indianapolis, Milwaukee and St. Louis.

The improved performance, along with a hike in the city's hotel tax rate, brought the city's hotel tax revenue to more than $100 million for the first time. This was an increase of $25 million, or 33 percent, from 2011.
 
The city share of the hotel tax increased by 1 percentage point last year, bringing the total Chicago hotel tax rate to 16.39 percent. The city's share of that is 4.5 percentage points.

 kbergen@tribune.com | Twitter@kathy_bergen



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Police rescue dog from Lake Michigan ice




















A dog stuck on Lake Michigan near Jackson Park Harbor. (WGN - Chicago)




















































After several hours of trying, Chicago police rescued a dog from the ice at Jackson Park Harbor this morning, officials said.

Marine Unit officers were called to the 6700 block of South Lake Shore Drive at about 7:30 a.m. after someone spotted the black dog in the middle of the frozen harbor, police said.






The dog was rescued at about 10:30 a.m. after animal control officers were called to the scene and tranquilized the dog. Police officers then went onto the ice and retrieved the animal, police said.

Officers had tethered themselves and put on cold weather gear as they tried to reach the dog, police said. At one point, the dog appeared to make it to shore, only to dart back onto the ice, police said.

Witnesses called police when they couldn't reach the animal, officials said.

chicagobreaking@tribune.com


Twitter: @ChicagoBreaking






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Is Facebook envy making you miserable?






LONDON (Reuters) – Witnessing friends’ vacations, love lives and work successes on Facebook can cause envy and trigger feelings of misery and loneliness, according to German researchers.


A study conducted jointly by two German universities found rampant envy on Facebook, the world’s largest social network that now has over one billion users and has produced an unprecedented platform for social comparison.






The researchers found that one in three people felt worse after visiting the site and more dissatisfied with their lives, while people who browsed without contributing were affected the most.


“We were surprised by how many people have a negative experience from Facebook with envy leaving them feeling lonely, frustrated or angry,” researcher Hanna Krasnova from the Institute of Information Systems at Berlin’s Humboldt University told Reuters.


“From our observations some of these people will then leave Facebook or at least reduce their use of the site,” said Krasnova, adding to speculation that Facebook could be reaching saturation point in some markets.


Researchers from Humboldt University and from Darmstadt’s Technical University found vacation photos were the biggest cause of resentment with more than half of envy incidents triggered by holiday snaps on Facebook.


Social interaction was the second most common cause of envy as users could compare how many birthday greetings they received to those of their Facebook friends and how many “likes” or comments were made on photos and postings.


“Passive following triggers invidious emotions, with users mainly envying happiness of others, the way others spend their vacations and socialize,” the researchers said in the report “Envy on Facebook: A Hidden Threat to Users’ Life Satisfaction?” released on Tuesday.


“The spread and ubiquitous presence of envy on Social Networking Sites is shown to undermine users’ life satisfaction.”


They found people aged in their mid-30s were most likely to envy family happiness while women were more likely to envy physical attractiveness.


These feelings of envy were found to prompt some users to boast more about their achievements on the site run by Facebook Inc. to portray themselves in a better light.


Men were shown to post more self-promotional content on Facebook to let people know about their accomplishments while women stressed their good looks and social lives.


The researchers based their findings on two studies involving 600 people with the results to be presented at a conference on information systems in Germany in February.


The first study looked at the scale, scope and nature of envy incidents triggered by Facebook and the second at how envy was linked to passive use of Facebook and life satisfaction.


The researchers said the respondents in both studies were German but they expected the findings to hold internationally as envy is a universal feeling and possibly impact Facebook usage.


“From a provider’s perspective, our findings signal that users frequently perceive Facebook as a stressful environment, which may, in the long-run, endanger platform sustainability,” the researchers concluded.


(Reporting by Belinda Goldsmith, editing by Paul Casciato)


Internet News Headlines – Yahoo! News





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Rolling Stones nominated for four NME music awards






LONDON (Reuters) – Veteran British rockers The Rolling Stones, who celebrated their 50th anniversary last year, were nominated for four NME music awards on Monday.


The Stones, back in the limelight after a photo book, greatest hits album, documentary film and mini tour to mark their 2012 golden jubilee, were shortlisted for best live band, best book, music moment of the year and best music film.






They were one of four acts with four nominations each. The others were LA sisters Haim, an up-and-coming band tipped for the top by several industry polls, Australian rock band Tame Impala and British alternative hip hop artist M.I.A.


Music magazine NME’s nominations were decided by fans voting online, and the winners will be announced at The Troxy in east London on February 27.


“When I first heard it was four things, I thought, ‘Ooh, blimey! That’s very nice!’” Stones lead singer Mick Jagger said.


“It’s funny, because when we were rehearsing at Wembley Arena last year, it was where we used to do the NME Pollwinners,” he said, referring to concerts the magazine staged in the 1960s featuring acts voted on by NME readers.


“We remembered, it was the first time we ever played ‘Jumpin’ Jack Flash’, at one of those Pollwinners concerts!”


Nominated three times was another comeback king David Bowie, who took the music world by surprise earlier this month by releasing his first new music in a decade and promising a studio album in March.


“All the early plaudits will go to Haim, Tame Impala, M.I.A. and the legendary Rolling Stones … but it’s testament to the exquisite taste of the NME audience that artists as wide ranged as Frank Ocean, Jake Bugg, Pussy Riot and David Bowie are recognized too,” said NME editor Mike Williams.


Russian punk band Pussy Riot were shortlisted in the music moment of the year category for a protest against President Vladimir Putin in Moscow’s main cathedral that landed some of them in jail.


Rounding out the category was Bowie’s comeback, the Olympic Games opening ceremony, The Stone Roses reuniting to play Heaton Park in Manchester and Green Day’s secret set at the Reading Festival.


Following are the NME Awards 2013 nominees in the main categories:


BEST BRITISH BAND:


- Arctic Monkeys; Kasabian; The Vaccines; Biffy Clyro; The Maccabees; The Cribs


BEST ALBUM:


- Channel Orange/Frank Ocean; Jake Bugg/Jake Bugg; Given To The Wild/The Maccabees; An Awesome Wave/Alt-J; Come Of Age/The Vaccines; Lonerism/Tame Impala


BEST INTERNATIONAL BAND


- The Killers; Tame Impala; The Black Keys; Odd Future; Crystal Castles; Foo Fighters


BEST TRACK


- R U Mine?/Arctic Monkeys; Don’t Save Me/Haim; Bad Girls/M.I.A.; Inhaler/Foals; Best Of Friends/Palma Violets; Elephant/Tame Impala


BEST MUSIC FILM:


- Searching For Sugar Man; LCD Soundsystem: “Shut Up And Play The Hits”; Hit So Hard : The Life & Near Death Story of Patty Schemel; Marley; The Rolling Stones: “Crossfire Hurricane”; Led Zeppelin: “Celebration Day”


BEST SOLO ARTIST:


- Jake Bugg; Noel Gallagher; Florence Welch; Miles Kane; Grimes; Paul Weller


BEST NEW BAND:


- Alt-J; Peace; Palma Violets; Django Django; Alabama Shakes; Haim


BEST MUSIC VIDEO:


Oblivion/Grimes; Bad Girls/M.I.A.; Where Are We Now?/David Bowie; R U Mine?/Arctic Monkeys; Don’t Save Me/Haim; Feels Like We Only Go Backwards/Tame Impala


BEST LIVE BAND:


- The Maccabees; The Cribs; Blur; Biffy Clyro; Foals; The Rolling Stones


BEST DANCEFLOOR ANTHEM:


What You Came For/Mosca featuring Katy B; Sweet Nothing/Calvin Harris featuring Florence Welch; Gangnam Style/Psy; Bad Girls/M.I.A.; In Paris/Kanye West and Jay-Z; Losing You/Solange


MUSIC MOMENT OF THE YEAR:


- David Bowie returns; The Stone Roses play Heaton Park; Olympics opening ceremony; The Rolling Stones play London’s O2 Arena; Green Day’s secret set at Reading Festival; Pussy Riot’s punk prayer


HERO OF THE YEAR:


- David Bowie; Bradley Wiggins; Pussy Riot; Barack Obama; Frank Ocean; Dave Grohl


(Reporting by Mike Collett-White, editing by Paul Casciato)


Music News Headlines – Yahoo! News





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Well Pets: Holly the Cat's Incredible Journey

Nobody knows how it happened: an indoor house cat who got lost on a family excursion managing, after two months and about 200 miles, to return to her hometown.

Even scientists are baffled by how Holly, a 4-year-old tortoiseshell who in early November became separated from Jacob and Bonnie Richter at an R.V. rally in Daytona Beach, Fla., appeared on New Year’s Eve — staggering, weak and emaciated — in a backyard about a mile from the Richters’ house in West Palm Beach.

“Are you sure it’s the same cat?” wondered John Bradshaw, director of the University of Bristol’s Anthrozoology Institute. In other cases, he has suspected, “the cats are just strays, and the people have got kind of a mental justification for expecting it to be the same cat.”

But Holly not only had distinctive black-and-brown harlequin patterns on her fur, but also an implanted microchip to identify her.

“I really believe these stories, but they’re just hard to explain,” said Marc Bekoff, a behavioral ecologist at the University of Colorado. “Maybe being street-smart, maybe reading animal cues, maybe being able to read cars, maybe being a good hunter. I have no data for this.”

There is, in fact, little scientific dogma on cat navigation. Migratory animals like birds, turtles and insects have been studied more closely, and use magnetic fields, olfactory cues, or orientation by the sun.

Scientists say it is more common, although still rare, to hear of dogs returning home, perhaps suggesting, Dr. Bradshaw said, that they have inherited wolves’ ability to navigate using magnetic clues. But it’s also possible that dogs get taken on more family trips, and that lost dogs are more easily noticed or helped by people along the way.

Cats navigate well around familiar landscapes, memorizing locations by sight and smell, and easily figuring out shortcuts, Dr. Bradshaw said.

Strange, faraway locations would seem problematic, although he and Patrick Bateson, a behavioral biologist at Cambridge University, say that cats can sense smells across long distances. “Let’s say they associate the smell of pine with wind coming from the north, so they move in a southerly direction,” Dr. Bateson said.

Peter Borchelt, a New York animal behaviorist, wondered if Holly followed the Florida coast by sight or sound, tracking Interstate 95 and deciding to “keep that to the right and keep the ocean to the left.”

But, he said, “nobody’s going to do an experiment and take a bunch of cats in different directions and see which ones get home.”

The closest, said Roger Tabor, a British cat biologist, may have been a 1954 study in Germany in which cats placed in a covered circular maze with exits every 15 degrees most often exited in the direction of their homes, but more reliably if their homes were less than five kilometers away.

New research by the National Geographic and University of Georgia’s Kitty Cams Project, using video footage from 55 pet cats wearing video cameras on their collars, suggests cat behavior is exceedingly complex.

For example, the Kitty Cams study found that four of the cats were two-timing their owners, visiting other homes for food and affection. Not every cat, it seems, shares Holly’s loyalty.

KittyCams also showed most of the cats engaging in risky behavior, including crossing roads and “eating and drinking substances away from home,” risks Holly undoubtedly experienced and seems lucky to have survived.

But there have been other cats who made unexpected comebacks.

“It’s actually happened to me,” said Jackson Galaxy, a cat behaviorist who hosts “My Cat From Hell” on Animal Planet. While living in Boulder, Colo., he moved across town, whereupon his indoor cat, Rabbi, fled and appeared 10 days later at the previous house, “walking five miles through an area he had never been before,” Mr. Galaxy said.

Professor Tabor cited longer-distance reports he considered credible: Murka, a tortoiseshell in Russia, traveling about 325 miles home to Moscow from her owner’s mother’s house in Voronezh in 1989; Ninja, who returned to Farmington, Utah, in 1997, a year after her family moved from there to Mill Creek, Wash.; and Howie, an indoor Persian cat in Australia who in 1978 ran away from relatives his vacationing family left him with and eventually traveled 1,000 miles to his family’s home.

Professor Tabor also said a Siamese in the English village of Black Notley repeatedly hopped a train, disembarked at White Notley, and walked several miles back to Black Notley.

Still, explaining such journeys is not black and white.

In the Florida case, one glimpse through the factual fog comes on the little cat’s feet. While Dr. Bradshaw speculated Holly might have gotten a lift, perhaps sneaking under the hood of a truck heading down I-95, her paws suggest she was not driven all the way, nor did Holly go lightly.

“Her pads on her feet were bleeding,” Ms. Richter said. “Her claws are worn weird. The front ones are really sharp, the back ones worn down to nothing.”

Scientists say that is consistent with a long walk, since back feet provide propulsion, while front claws engage in activities like tearing. The Richters also said Holly had gone from 13.5 to 7 pounds.

Holly hardly seemed an adventurous wanderer, though her background might have given her a genetic advantage. Her mother was a feral cat roaming the Richters’ mobile home park, and Holly was born inside somebody’s air-conditioner, Ms. Richter said. When, at about six weeks old, Holly padded into their carport and jumped into the lap of Mr. Richter’s mother, there were “scars on her belly from when the air conditioner was turned on,” Ms. Richter said.

Scientists say that such early experience was too brief to explain how Holly might have been comfortable in the wild — after all, she spent most of her life as an indoor cat, except for occasionally running outside to chase lizards. But it might imply innate personality traits like nimbleness or toughness.

“You’ve got these real variations in temperament,” Dr. Bekoff said. “Fish can be shy or bold; there seem to be shy and bold spiders. This cat, it could be she has the personality of a survivor.”

He said being an indoor cat would not extinguish survivalist behaviors, like hunting mice or being aware of the sun’s orientation.

The Richters — Bonnie, 63, a retired nurse, and Jacob, 70, a retired airline mechanics’ supervisor and accomplished bowler — began traveling with Holly only last year, and she easily tolerated a hotel, a cabin or the R.V.

But during the Good Sam R.V. Rally in Daytona, when they were camping near the speedway with 3,000 other motor homes, Holly bolted when Ms. Richter’s mother opened the door one night. Fireworks the next day may have further spooked her, and, after searching for days, alerting animal agencies and posting fliers, the Richters returned home catless.

Two weeks later, an animal rescue worker called the Richters to say a cat resembling Holly had been spotted eating behind the Daytona franchise of Hooters, where employees put out food for feral cats.

Then, on New Year’s Eve, Barb Mazzola, a 52-year-old university executive assistant, noticed a cat “barely standing” in her backyard in West Palm Beach, struggling even to meow. Over six days, Ms. Mazzola and her children cared for the cat, putting out food, including special milk for cats, and eventually the cat came inside.

They named her Cosette after the orphan in Les Misérables, and took her to a veterinarian, Dr. Sara Beg at Paws2Help. Dr. Beg said the cat was underweight and dehydrated, had “back claws and nail beds worn down, probably from all that walking on pavement,” but was “bright and alert” and had no parasites, heartworm or viruses. “She was hesitant and scared around people she didn’t know, so I don’t think she went up to people and got a lift,” Dr. Beg said. “I think she made the journey on her own.”

At Paws2Help, Ms. Mazzola said, “I almost didn’t want to ask, because I wanted to keep her, but I said, ‘Just check and make sure she doesn’t have a microchip.’” When told the cat did, “I just cried.”

The Richters cried, too upon seeing Holly, who instantly relaxed when placed on Mr. Richter’s shoulder. Re-entry is proceeding well, but the mystery persists.

“We haven’t the slightest idea how they do this,” Mr. Galaxy said. “Anybody who says they do is lying, and, if you find it, please God, tell me what it is.”

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Area home sales up 19% in December









More than 7,000 consumers in the Chicago-area bought themselves a home last month, the best finish for the year since December 2006, just before the local housing market's bubble burst.

December sales of existing homes in the nine-county area rose 19.2 percent from a year ago, to 7,372 single-family homes and condominiums sold, the Illinois Association of Realtors reported Tuesday. The median price of $151,500 recorded for the month rose 4.5 percent, from $145,000 in December 2011.

In terms of volume, it was the best monthly performance for the market since December 2006, when 7,530 homes were sold. Twelve months later, in December 2007, the number of homes sold locally had plunged to 5,033.

While it showed improvement, last month's $151,500 median price was far below the December 2007 market high of $247,800.

Pricing recovery was even more evident within the city of Chicago, which recorded a 14.6 percent year-over-year increase in sales, to 1,806 properties sold at a median price of $185,000, up 19.4 percent from December 2011's $155,000.

The pricing improvement is largely a result of the continued shrinking inventory of quality homes on the market, which for months has meant homes are going under contract faster than they have in the past. Sellers of choice properties, whether they are in the traditional market or foreclosures, are fielding multiple offers from potential buyers.

"The 18.9 percent decrease in market time from the same time in 2011 shows a continued clearing of inventory, of both single-family homes and condominiums, which should prompt action among buyers and sellers and continue to promote home price stabilization," said Zeke Morris, president of the Chicago Association of Realtors.

Sales of Chicago condos swelled to 1,037 units sold, up 17.7 percent from a year ago, and the median sales price of $235,000 for a unit was up 28.8 percent from last year.

The median price is the point at which half the homes are sold for more and half for less.

"I believe we're going to have the most promising spring market we've had in years," said Zeke Morris, president of the Chicago Association of Realtors. "We can give (sellers) a slightly more confident expectation."

The pricing improvement is largely a result of the slim pickings of properties listed for sale, which for months has meant homes are going under contract faster than they have in the past.

Compared to a year ago, inventory has plunged. For instance, in Chicago, there were 14,183 homes for sale in December 2011. Last month, there were 8,036 listed properties, or 43.3 percent less. As a result, the average number of days it took to sell a Chicago home fell almost 19 percent year-over-year, to 77 days last month.

Sellers of choice properties, whether they are in the traditional market or foreclosures, are fielding multiple offers from potential buyers, both owner-occupants and investors.

"We have a lot of pending deals out there," said Mabel Guzman, an @properties real estate agent. "Sellers are holding onto their price, knowing they're the only thing in the market. People are going to get frustrated if there isn't enough product to buy."

For the year, 90,365 homes were sold in the Chicago area, a 26.7 percent increase from 2011, while the median price slipped 1.5 percent, to $160,000. In the city, the annualized median price rose 5.7 percent, to $185,000, for the 22,333 homes sold, a gain of 22.4 percent in sales volume.

According to the Federal Home Loan Mortgage Corp., the average commitment rate for a 30-year, fixed-rate mortgage in the Chicago area was 3.32 percent in December, compared with 3.33 percent in November and 3.94 percent in December 2011.

mepodmolik@tribune.com | Twitter @mepodmolik

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Groupon nixes all gun-related deals













Groupon photo


The Groupon logo is displayed in the lobby of the company's headquarters in Chicago.
(Scott Olson/Getty Images / January 21, 2013)



























































Groupon Inc. has stopped all current and future gun-related deals, bowing to customer pressure a month after the deadly mass shooting in Newtown, Conn.


The Chicago company said Monday it has cancelled existing and planned discounts for shooting ranges, conceal-and-carry and clay shooting.


The statement didn’t specify the company’s motives or when it would resume such deals, other than to say that the “category is under review following recent customer and merchant feedback.”





It said it plans to review its international standards for these deals while they’re on hold.


The move has come under fire from some businesses who say their deals were cancelled abruptly due to the change in policy. Some media outlets cited a Texas gun shop owner who is calling for a Groupon boycott after he said the site scrapped his deal for a concealed handgun training course.


Several other companies have distanced themselves from gun makers and related businesses since the shooting at Sandy Hook Elementary School, where 20 students and six adults were killed. Dick’s Sporting Goods stopped selling guns in its store nearest to the school’s location in Newtown, Conn. and stopped selling certain semi-automatic rifles in its stores nationwide.


Private equity firm Cerberus is trying to sell its stake in the company that made a rifle used in the shooting and the nation’s largest teacher pension fund has moved to sell its stake in gun and ammunition makers.


sbomkamp@tribune.com | @SamWillTravel


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Atari US files for Ch. 11 to separate from parent






NEW YORK (AP) — Video game maker Atari’s U.S. operations have filed for Chapter 11 bankruptcy protection in an effort to separate from their French parent company.


In a statement, Atari says the move is necessary to secure investments it needs to grow in mobile and digital gaming.






Atari’s U.S. operations have shifted to focus on digital games and licensing, including developing mobile games, and have become a growth engine for its owner. France’s Infogrames Entertainment first took a stake in Atari in 2000. It acquired the remaining stake in 2008 and changed its name to Atari S.A.


But the U.S. operations have been better performing than the rest of the company. In fiscal 2012 digital and licensing revenue both grew significantly and contributed 70 percent of revenue, while sales in bricks-and-mortar stores declined.


In December, Atari S.A. said a credit agreement it entered into with investor BlueBay would lapse at the end of the year and the company was seeking other ways to raise capital. It added that it expects to report a “significant loss” for fiscal 2012.


Atari, which turned 40 last year, was a videogame pioneer with games like “Pong” and “Centipede,” but has changed owners several times amid financial problems. In its filing with the U.S. Bankruptcy Court in the Southern District of New York, Atari said it had $ 1 million to $ 10 million in assets and $ 10 million to $ 50 million in debt. It is seeking approval for $ 5.25 million in debtor-in-possession financing from private investment firm Tenor Capital Management.


Atari said it expects to sell its assets or confirm a restructuring plan within the next three to six months.


Gaming News Headlines – Yahoo! News





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