DailyFinance.comhttp://www.dailyfinance.comDailyFinance.comhttp://o.aolcdn.com/os/df/2013/img/2-dailyfinance_logo_m.pngDailyFinance.comhttp://www.dailyfinance.comen-usCopyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only.Blogsmith http://www.blogsmith.com/Rio wins 2016 Olympics bid. Here's how top-seeded Chicago lost its mojohttp://www.dailyfinance.com/2009/10/02/why-top-seeded-chicago-got-eliminated-from-2016-olympics-bid/http://www.dailyfinance.com/2009/10/02/why-top-seeded-chicago-got-eliminated-from-2016-olympics-bid/http://www.dailyfinance.com/2009/10/02/why-top-seeded-chicago-got-eliminated-from-2016-olympics-bid/#commentsFiled under: ,

Chicago's bid to host the 2016 Olympic Games was eliminated in the first round of voting in Copenhagen, losing to Rio de Janeiro. The results of the final vote were announced at 12:50 p.m. EDT.

To those who haven't been paying much attention, it's probably a huge surprise that Chicago was knocked out so quickly. The city was the odds-on favorite of bookmakers and a close second to Rio in GamesBids.com's index. And President Obama and the First Lady traveled to Copenhagen to make a personal pitch, to the consternation of Republican party leaders. But those keeping score at home have known since last summer that Chicago 2016 had lost its mojo.

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]]>aon corpchicagochicago 2016chicago eliminatedcopenhageninternational olympic committeeiocmadridmerrill lyncholympic gamesolympicsrio de janeirotokyoUnited AirlinesRyan BlitsteinFri, 02 Oct 2009 12:50:00 ESTRetailer Kohl's opens 37 stores, plans more for 2010http://www.dailyfinance.com/2009/09/30/retailer-kohls-opens-37-stores-plans-more-for-2010/http://www.dailyfinance.com/2009/09/30/retailer-kohls-opens-37-stores-plans-more-for-2010/http://www.dailyfinance.com/2009/09/30/retailer-kohls-opens-37-stores-plans-more-for-2010/#commentsThe global recession may turn out to be a boon for Kohl's Corp. (KSS), the nation's fourth-largest department store chain.

Kohl's opened 37 stores Wednesday, mostly in California, bringing its 2009 total to 56 new locations. Expansion might seem like an odd strategy for a retailer right now, with consumer confidence flat and Halloween sales expected to be down. But the Menomonee Falls, Wisconsin-based company, is one of several American corporations fattening up during the downturn.

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]]>californiaGoodysGottschalksKevin Mansellkohlskohls openskssMervynsretailretailerRyan BlitsteinWed, 30 Sep 2009 13:00:00 ESTJapanese bank Nomura raising $5.6 billion to expand in the U.S.http://www.dailyfinance.com/2009/09/24/japanese-bank-nomura-to-raise-5-6-billion-to-expand-in-u-s-and/http://www.dailyfinance.com/2009/09/24/japanese-bank-nomura-to-raise-5-6-billion-to-expand-in-u-s-and/http://www.dailyfinance.com/2009/09/24/japanese-bank-nomura-to-raise-5-6-billion-to-expand-in-u-s-and/#commentsFiled under: ,

Nomura Holdings (NMR), the Japanese megabank that owns the remnants of Lehman Brothers' overseas operations, says it's raising $5.6 billion (well, ¥511 billion, actually) to expand in the United States and elsewhere. Nomura, Japan's largest brokerage, plans to sell about 800 million shares in Japan and internationally, and use the money for investments and loans to its subsidiaries.

Nomura Chief Executive Officer Kenichi Watanabe has long made clear his interest in beefing up the firm's American business. But last year, after purchasing Lehman's Asian and European units, Nomura lost out to Barclays Plc. in an attempt to buy Lehman Brothers Holdings in the U.S.

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]]>financejapanjapaneselehmanlehman bros.lehman brotherslehman brothers hold...madoffnmrnomuranomura holdingsnomura raisesnomura stockstockstock offeringRyan BlitsteinThu, 24 Sep 2009 12:00:00 ESTCensus releases depressing income data, Maryland and New Jersey on tophttp://www.dailyfinance.com/2009/09/22/census-releases-depressing-income-data-maryland-and-new-jersey/http://www.dailyfinance.com/2009/09/22/census-releases-depressing-income-data-maryland-and-new-jersey/http://www.dailyfinance.com/2009/09/22/census-releases-depressing-income-data-maryland-and-new-jersey/#commentsFiled under:

The U.S. Census Bureau put out its annual snapshot of America today, with new measures of household income data and a trove of other demographic goodies.

Maryland was the state with the highest median household income ($70,545) in 2008, closely followed by New Jersey and Connecticut. The latter two make a lot of sense, with investment bankers and hedge fund managers in the New York City area making a killing in the pre-financial crisis months. But why Maryland, whose anchor city, Baltimore, is a poster child for post-industrial decline?

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]]>census bureauhousehold incomeincome datamarylandnew jerseynew yorkU.S. Census BureauRyan BlitsteinTue, 22 Sep 2009 12:20:00 ESTAmerican Airlines raises $2.9 billion, shifts flight capacityhttp://www.dailyfinance.com/2009/09/17/american-airlines-raises-2-9-billion-shifts-flight-capacity/http://www.dailyfinance.com/2009/09/17/american-airlines-raises-2-9-billion-shifts-flight-capacity/http://www.dailyfinance.com/2009/09/17/american-airlines-raises-2-9-billion-shifts-flight-capacity/#commentsFiled under:

AMR Corporation (AMR), American Airlines' parent company, said today it has raised $2.9 billion from partners Citigroup (C) and General Electric (GE). And boy, does Fort Worth, Texas-based AMR need that money.

Challenges from swine flu fears to high fuel costs to a global recession have put the entire airline industry in dire straits, and AMR is in rough shape. It lost $390 million in the second quarter of 2009, an improvement over the $1.5 billion it lost in that quarter in 2008 (both numbers include extraordinary items).

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]]>airlinesamerican airlinesamramr corp.AMR fundraisingcgegerard arpeyRyan BlitsteinThu, 17 Sep 2009 12:20:00 ESTRockefeller to introduce antitrust regulation against railshttp://www.dailyfinance.com/2009/09/14/rockefeller-to-introduce-antitrust-regulation-against-rails/http://www.dailyfinance.com/2009/09/14/rockefeller-to-introduce-antitrust-regulation-against-rails/http://www.dailyfinance.com/2009/09/14/rockefeller-to-introduce-antitrust-regulation-against-rails/#commentsFiled under:

West Virginia Senator Jay Rockefeller is poised to introduce the first major railroad industry regulations in nearly three decades. Transportation trade publication The Journal of Commerce reports that the long-serving Democrat, who chairs the Senate, Commerce, Science, and Transportation Committee, may present a bill within days.

This could be bad news for the rail giants like Union-Pacific (UNP) and Burlington Northern (BNI), which are only just beginning to recover from the nation's deep recession.

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]]>bnsfcsxnorfolk southernrailrailroadstransportationUnion-pacificRyan BlitsteinMon, 14 Sep 2009 17:10:00 EST