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)

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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)

By Carlos Sadovi




Tribune reporter

11:38 a.m. CST, January 22, 2013

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

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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)

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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)

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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

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

By Samantha Bomkamp




Tribune staff reporter

12:38 p.m. CST, 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.

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“Les Miserables” soundtrack tops UK albums chart

LONDON (Reuters) – The soundtrack of the Oscar-nominated movie “Les Miserables” climbed to the top spot in the UK albums chart, the first film cast recording to do so since Madonna’s “Evita” in 1997, the Official Charts Company said on Sunday.

A film version of a hugely successful stage musical based on a novel by 19th century French writer Victor Hugo, “Les Miserables” has already picked up a Golden Globe award for best movie musical, and is nominated for a best picture Oscar.

The recording of songs performed by the actors in the movie, including Anne Hathaway, Russell Crowe and Hugh Jackman, had entered the UK albums chart in fifth position a week ago. It knocked Emeli Sande‘s “Our Version Of Events” off the top spot.

Hathaway, who plays a character called Fantine, also had the 22nd spot in the singles chart with her performance of “I Dreamed A Dream”, one of the most popular songs from the musical.

At the very top of the singles chart, U.S. producer will.i.am’s collaboration with Britney Spears, “Scream & Shout”, held onto the number one ranking, fending off stiff competition from new entrants 50 Cent and Justin Timberlake.

U.S. rapper 50 Cent’s new release, “My Life”, featuring Eminem and Maroon 5′s Adam Levine, came in at number two while Timberlake, the former ‘N Sync star, nabbed the number three spot with his “Suit and Tie” featuring Jay-Z.

(Reporting By Estelle Shirbon; Editing by Sophie Hares)

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Investigators probe 787 battery maker

U.S. and Japanese aviation safety officials investigating problems with Boeing Co.'s 787 Dreamliner visited the headquarters of the plane's battery maker on Monday, seeking clues into why one of the technologically advanced aircraft made an emergency landing last week.

A spokesman for GS Yuasa Corp., which makes batteries for the 787, said the company was fully cooperating with the investigation, and its engineers were working with the officials from the U.S. Federal Aviation Administration (FAA) and Japan's Civil Aviation Bureau (CAB) at the company's compound in Kyoto, where it makes airplane batteries.

CAB official Tatsuyuki Shimazu told reporters the investigating team had been briefed by GS Yuasa and had toured the plant, looking at battery design, production and quality. The Japanese investigation at the plant will continue on Tuesday on a more detailed level, including tracking battery batch numbers and production dates, he said.

Authorities around the world last week grounded the new lightweight Dreamliner, and Boeing halted deliveries after a problem with a lithium-ion battery prompted an All Nippon Airways 787 into the emergency landing at Takamatsu airport during a domestic flight. Earlier this month, a similar battery caught fire in a Japan Airlines' 787 parked at Boston Logan International Airport.

EXPANDED PROBE

U.S. safety investigators on Sunday ruled out excess voltage as the cause of the Boston battery fire on Jan. 7, and said they were expanding their probe to look at the battery's charger and the jet's auxiliary power unit. The battery is one part of the 787's complex electrical system, built by French company Thales SA.

“Results have shown the battery was abnormal in both the Boston and Takamatsu (incidents). They were the most damaged,” Shigeru Takano, a senior safety official at the CAB, told reporters ahead of the on-site visit to GS Yuasa. “We will look into if the work that took place, from design to manufacturing, was appropriate.”

Shares in GS Yuasa, valued at close to $1.5 billion, rose 1 percent on Monday, having dropped nearly 10 percent since the Boston fire. The benchmark Nikkei fell 1.5 percent.

The company, which employs nearly 12,300 staff, expects revenue of 288 billion yen ($3.2 billion) in the year to end-March - with only around 1 percent of that coming from its aircraft battery business. The company's batteries are used primarily in motorbikes, industrial equipment and power supply devices.

GS Yuasa, in which automaker Toyota Motor Corp has a 2.7 percent stake, reported an operating profit of around $160 million in the year to last March.

MORE FLIGHTS CANCELLED

The grounding of the Dreamliner, an advanced carbon-composite plane with a list price of $207 million, has forced ANA to cancel 151 domestic and 26 international flights scheduled for Jan. 23-28, affecting more than 21,000 passengers, the airline said on Monday.

The cancellations add to the 72 flights scheduled for Jan. 19-22 that ANA called off last week. ANA, which flies the most Dreamliners of any airline, said it will announce on Thursday its plans on flight cancellations for dates from Jan. 29.

ANA said it had not yet decided whether to seek compensation from Boeing for losses as a result of the 787's grounding. “At this point we're concentrating on getting the Dreamliner back in service, rather than considering requesting compensation,” said spokesman Ryosei Nomura.

Rival JAL said it cancelled four flights on its Tokyo-San Diego route for Jan. 27-28, adding to the 8 flights originally scheduled for Jan. 19-25 on the same route it called off last week. It said it had yet to decide changes for flights slated for Jan. 26.

“We've been able to rearrange routes originally scheduled to use the Dreamliner with alternative aircraft,” said JAL spokeswoman Sze Hunn Yap, adding there was no talk about compensation at this stage.

Japan is the biggest market to date for the Dreamliner, with JAL and ANA flying 24 of the 50 passenger jets that Boeing has delivered.
 

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