DynaVox receives another notice from Nasdaq
DynaVox Inc., a South Side-based speech technology company, has received further notice from the Nasdaq exchange that it is not in compliance with the $1 minimum bid price required to keep its listing. The company could face a listing transfer if the stock's price doesn't improve by April 1. The company received a similar notice from Nasdaq in October, when its shares were priced at 50 cents. The stock closed Wednesday at 30 cents per share. DynaVox went public in March at $15 per share.
Major-city home price index rose in October
The Standard & Poor's/Case-Shiller national home price index released Wednesday increased 4.3 percent in October compared with a year ago. Prices rose in October from a year ago in 18 of 20 cities. Pittsburgh is not part of the index. Phoenix led all cities with a 21.7 percent gain, followed by Detroit, where prices increased 10 percent. Prices declined in Chicago and New York.
Transportation Dept. looks at airline fee disclosures
As airlines offer a proliferating list of add-on services, from early boarding to premium seating and baggage fees, the ability to comparison-shop for the lowest total fare is eroding. Now the Department of Transportation is considering whether to require airlines to provide fee information to everyone with whom they have agreements to sell their tickets. A decision originally scheduled for next month has been postponed to May, as regulators struggle with a deluge of information from airlines opposed to regulating fee information, and from the travel industry and consumer groups in support.
Home prices, budget lead to optimistic jump in crude
The price of oil rose sharply Wednesday on higher U.S. home prices and hopes of a budget deal in Washington. U.S. benchmark crude jumped $2.37, or 2.7 percent, to finish at $90.98 per barrel in thin post-Christmas trading in New York. In London, Brent crude, used to price various kinds of foreign oil, rose $2.27 to end at $111.07 per barrel. In other energy futures trading on the New York Mercantile Exchange, natural gas rose 5 cents to finish at $3.39 per 1,000 cubic feet.
Starbucks coffee cups call to 'Come Together'
Starbucks is using its coffee cups to jump into the political fray in Washington. The world's biggest coffee chain is asking employees at cafes in the Washington, D.C., area to scribble the words "Come Together" on cups for drink orders today and Friday. CEO Howard Schultz says the words are intended as a message to lawmakers about the damage being caused by the divisive negotiations over the "fiscal cliff." It's the first time employees at Starbucks cafes are being asked to write anything other than customers' names on cups.
Toyota reaches settlement
Toyota Motor Corp. said Wednesday it has reached a settlement worth more than $1 billion in a case involving hundreds of lawsuits over acceleration problems.
Burberry CEO begins modern mobile makeover
Angela Ahrendts may be CEO of Burberry, but one of her favorite accessories is an Apple iPhone 5 that she has used to oversee a mobile makeover at the 150-year-old company best known for trenchcoats and tartan plaids. In addition to its website, Burberry is interacting directly with consumers, launching projects like artofthetrench.com, which invites users to upload pictures of themselves wearing Burberry trenchcoats. Burberry.com also features Burberry Bespoke, which lets users customize their own trench, down to buttons and belts.
From staff and wire reports