October 12 Biz Minute

Elinor Ostrom became the first woman to win a Nobel Prize in economics, honored along with fellow American Oliver Williamson today for analyzing economic governance.

The Chicago Cubs baseball team filed for Chapter 11 bankruptcy protection today, a step that will allow its corporate parent, the Tribune Co., to sell the team in an $845 million deal.

Onyx Pharmaceuticals said today it will buy cancer drug developer Proteolix Inc. in a deal that could be worth as much as $851 million.

Due to cost-cutting measures, Royal Philips Electronics reported a net profit of $256 million for the third quarter today, three times the depressed levels of a year ago

Owners of Sidekick phones, which are made by a Microsoft subsidiary and sold by T-Mobile USA, may have lost all the personal data they stored on the phone, including contact numbers, when the failure of servers operated by Microsoft wiped the data out.

Like it or not we are probably getting High Speed Rail and the Inland Empire could be "ground zero" for it. The state plans to route 220 mile-per-hour trains from Los Angeles through the Inland Empire to San Diego, with proposed stations in the San Gabriel Valley near Diamond Bar, at Ontario International Airport, in downtown Riverside, and near the 15/215 split in the Temecula Valley city of Murrieta.

Category:

News & Politics

Tags:

• Elinor Ostrom
• Nobel
• Oliver Williamson
• economics
• Chicago Cubs
• Bankruptcy
• Tribune
• Onyx
• pharmaceuticals
• Proteolix
• Royal Philips Electronic
• Sidekick
• T-Mobile
• Microsoft
• High Speed Rail
• California
• Los Angeles
• Inland Empire
• Riverisde
• San Diego
• San Gabriel Valley
• Murrieta