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Lloyds bank settles with US, UK over market fixing

Several banks have been implicated in the scandal to fix LIBOR, which is the rate used by banks to borrow from each other and indirectly affects the cost of loans in the wider economy.Barclays, Royal Bank of Scotland, UBS and Rabobank have also been fined for LIBOR rigging. THE ASSOCIATED PRESS July 28, 2014 8:48AM Updated: July 28, 2014 8:48AMLONDON .

THE ASSOCIATED PRESS July 28, 2014 8:48AM

Updated: July 28, 2014 8:48AM

LONDON ? Lloyds Banking Group says it will pay $400 million to U.S. and British authorities to settle allegations it manipulated benchmark interest rates.

The group said Monday it has settled with British and U.S. authorities over the rigging of the London Interbank Offered Rate or LIBOR, the latest financial institution to do so.

The settlement also dealt with the manipulation of re-purchase agreements.

Lloyds says the actions dealt with activity that took place between May 2006 and 2009. Several banks have been implicated in the scandal to fix LIBOR, which is the rate used by banks to borrow from each other and indirectly affects the cost of loans in the wider economy.

Barclays, Royal Bank of Scotland, UBS and Rabobank have also been fined for LIBOR rigging.

Chicago Sun-Times
28/07
17 Points
1

Dollar Tree buying Family Dollar for $8.5 billion

It will keep the Family Dollar brand as well.Family Dollar Chairman and CEO Howard Levine will still lead those stores and report to Sasser. Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.Stockholders of Family Dollar Stores will receive $59.60 in cash and the equivalent of $14.90 in shares of Dollar Tree for each share they own. | AP file photo Updated: July 28, 2014 7:35AMNEW YORK .

THE ASSOCIATED PRESS July 28, 2014 7:30AM

Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion. | AP file photo

Updated: July 28, 2014 7:35AM

NEW YORK ? Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.

Stockholders of Family Dollar Stores will receive $59.60 in cash and the equivalent of $14.90 in shares of Dollar Tree for each share they own. The companies put the value of the transaction at $74.50 per share, which is an approximately 23 percent premium to Family Dollar’s Friday closing price of $60.66.

Family Dollar stockholders will own somewhere between 12.7 percent and 15.1 percent of Dollar Tree’s outstanding common shares at closing.

Core customers for bargain stores and major retailers like Wal-Mart have been among the hardest hit by the recession and its aftermath because of job instability.

Family Dollar has struggled and has attempted to reinvigorate sales by lowering prices on almost 1,000 basic items. It’s cut some jobs and shuttered underperforming stores. The company had been conducting a strategic review since the winter, and investor Carl Icahn urged Family Dollar last month to put itself up for sale.

Dollar Tree CEO Bob Sasser said Monday that the deal will give Dollar Tree more than 13,000 stores in the U.S. and Canada. That is nearly three times as many stores as Wal-Mart Stores Inc., though Wal-Mart’s square footage is still greater.

The combined Dollar Tree-Family Dollar chain will have sales of more than $18 billion and Sasser says that the transaction will create a more diverse company with an enhanced geographic reach.

Dollar Tree stores sell products for $1 or less, while Family Dollar’s pricing is much broader.

Dollar Tree will continue to operate under the existing Dollar Tree, Deals, and Dollar Tree Canada store signs. It will keep the Family Dollar brand as well.

Family Dollar Chairman and CEO Howard Levine will still lead those stores and report to Sasser. He will join Dollar Tree’s board.

Dollar Tree plans to finance the deal with available cash, bank debt and bonds.

The boards of both companies have unanimously approved the deal, which is expected to close by early next year. It still needs approval from Family Dollar shareholders.

Chicago Sun-Times
28/07
16 Points
1

US stocks head lower

By JOE McDONALD and MATTHEW CRAFT | AP Business Writers July 28, 2014 10:02AM NEW YORK . The US stock market sank in trading Monday, ahead of a full week of economic reports and earnings. Britain's FTSE 100 added 0.1 percent.CHINA'S STABLE SIGNS: News that profits at China's industrial enterprises soared 17.9 percent in June over a year earlier suggested that the world's No.

By JOE McDONALD and MATTHEW CRAFT | AP Business Writers July 28, 2014 10:02AM

NEW YORK ? The US stock market sank in trading Monday, ahead of a full week of economic reports and earnings. Major indexes turned lower after a report of sluggish sales in the housing market.

In Europe, concerns about the economic cost of sanctions on Russia weighed on major markets.

KEEPING SCORE: As of 10:30 a.m. Eastern time, the Standard & Poor’s 500 index was down 9 points, or 0.5 percent, to 1,967. The Dow Jones industrial average lost 68 points, 0.4 percent, to 16,892 while the Nasdaq composite dropped 21 points, or 0.5 percent, to 4,429. The three major U.S. indexes are holding on to their modest gains for the month. With one trading week left in July, the S&P 500 remains up 0.6 percent.

HOUSING: Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer. The National Association of Realtors said that pending home sales index slipped 1.1 percent last month. A combination of meager wage growth and higher home prices have helped slow down sales.

FOR SALE: Family Dollar soared after Dollar Tree announced plans to buy the rival discount store for roughly $8.5 billion. Family Dollar has responded to recent struggles by cutting prices, shedding workers and closing stores. Last month, Carl Icahn, who has built up a stake in the company, urged Family Dollar to put itself up for sale. In early trading, Family Dollar’s stock shot up $13.14, or 22 percent, to $73.88, making it the leading stock in the S&P 500. Dollar Tree also surged, adding $1.36, or 2 percent, to $55.55.

HOUSE SURFING: Trulia jumped on news that Zillow, a rival real-estate listing service, said it has agreed to buy its competitor for $3.5 billion. Boards of both companies have already signed off on the deal, but both companies’ shareholders still need to approve it. Trulia advanced $4.65, or 8 percent, to $61.09. Zillow slumped $9.63, or 6 percent, to $149.01.

KEY REPORTS: Traders were looking ahead to a collection of U.S. economic data due out later this week. On Wednesday, the government’s report on second-quarter gross domestic product is expected to show growth picking up. On Friday, economists forecast that the monthly jobs report will show employers added between 235,000 and 255,000 workers to their payrolls in July.

EUROPE: In European markets, France’s CAC 40 rose 0.2 percent while Germany’s DAX shed 0.2 percent. Britain’s FTSE 100 added 0.1 percent.

CHINA’S STABLE SIGNS: News that profits at China’s industrial enterprises soared 17.9 percent in June over a year earlier suggested that the world’s No. 2 economy has stabilized and gave Asian markets a boost. China’s benchmark Shanghai Composite Index surged 2.4 percent.

RUSSIA: Sentiment in Europe was more muted amid tensions between Western powers and Russia. On Monday, an international court ordered Russia to pay over $50 billion to a group of investors for the expropriation of now-defunct oil company Yukos. The ruling comes as European countries are considering imposing sanctioning trade in defense, technology and other goods and restricting access to European capital markets for Russian state-owned companies.

ANALYST’S TAKE: “There is no sign that geopolitics is de-escalating, which should benefit safe-haven assets,” while the “macro backdrop in Asia should be one of improvement,” said Credit Agricole CIB in a report.

CURRENCIES, OIL: The euro edged up to $1.3436 from the previous session’s $1.3431. The dollar rose to 101.85 yen from 101.83 yen. The price of benchmark U.S. crude oil declined 87 cents to $101.22 per barrel.

Chicago Sun-Times
28/07
16 Points
1

Man dead, police officer wounded after shooting in Bucktown

After the officer approached and announced himself, the two began to struggle over the officer's gun, Fraternal Order of Police spokesman Pat Camden said. SUN-TIMES MEDIA WIRE July 28, 2014 5:40AM A man was shot and killed and a Chicago Police officer wounded early Monday morning in the 1600 block of North Marshfield Avenue in Chicago's Bucktown neighborhood.

SUN-TIMES MEDIA WIRE July 28, 2014 5:40AM

A man was shot and killed and a Chicago Police officer wounded early Monday morning in the 1600 block of North Marshfield Avenue in Chicago's Bucktown neighborhood. | NVP Photo

Updated: July 28, 2014 8:29AM

A man is dead and an officer wounded after a police-involved shooting in the Bucktown neighborhood early Monday, officials said.

The shooting happened about 3:30 a.m. in the 1600 block of North Marshfield Avenue, according to police and a Fire Media Affairs spokesman.

A 44-year-old off-duty police officer was taken with a gunshot wound to John H. Stroger Jr. Hospital of Cook County, the Fire Media Affairs spokesman said. His condition had stabilized.

Another man, in his 30s, was pronounced dead at the scene at 3:40 a.m., the Cook County Medical Examiner’s office said. His name was not being released Monday morning.

The officer, who lives in the area, was returning home from work and still in uniform when he encountered the man attempting to break in to a nearby home that is still under construction, according to a statement from Chicago Police.

The man was holding a dark object in his hand, police said.

After the officer approached and announced himself, the two began to struggle over the officer’s gun, Fraternal Order of Police spokesman Pat Camden said.

During the struggle, the gun discharged and shot the officer in the arm, authorities said. Camden said it was still unclear how the gun went off.

At that point, the officer grabbed hold of his gun and shot the other man in self-defense, Camden said. Police found a screwdriver with the suspected burglar, which he might have used to try and injure the officer, Camden said.

The Independent Police Review Authority is investigating the shooting, spokesman Larry Merritt said.

Chicago Sun-Times
28/07
16 Points
1

Bears committed to a Forte-first approach

The sky's the limit.''Forte put in his work before camp began, running hills with tight end Martellus Bennett and training with the defensive backs.Rookie Kyle Fuller said Forte and others have shown him ''how to be a pro'' in the offseason. Question Bears coach Marc Trestman about how Matt Forte can improve during training camp and he practically does a Kennedy impression. The Bears' ability to better use him will improve, too, one year after they installed Trestman's offense.

BY PATRICK FINLEYStaff Reporter July 25, 2014 11:54PM

most touches, 2013

1. LeSean McCoy, Eagles366

2. Matt Forte, BEARS363

3. Marshawn Lynch, Seahawks337

4. Jamaal Charles, Chiefs329

5. Chris Johnson, Titans321

6. Eddie Lacy, Packers319

7. Ryan Mathews, Chargers311

8. Adrian Peterson, Vikings308

9. Knowshon Moreno, Broncos301

10. Frank Gore, 49ers292

Updated: July 27, 2014 1:40PM

BOURBONNAIS ? Question Bears coach Marc Trestman about how Matt Forte can improve during training camp and he practically does a Kennedy impression.

Ask not what Matt Forte can do for the Bears. Ask what the Bears can do to help their Pro Bowl running back top the best season of his career.

‘‘We continue to ask ourselves, ‘How can we help him?’?’’ Trestman said this week at Olivet Nazarene University. ‘‘?‘How can we find plays that we can allow him to use his talents?’ We’re working in that direction.’’

His talents are well documented, Forte having finished second in the NFL last year with 1,339 rushing yards and third with 1,933 yards from scrimmage.

The Bears’ ability to better use him will improve, too, one year after they installed Trestman’s offense.

It’s about ‘‘having the whole entire offense back and being able to take off from the playbook,’’ Forte told the Sun-Times, ‘‘where we know what we can do and what we like to do.’’

Last year, Forte touched the ball more than any other NFL running back except LeSean McCoy in an offense that finished second in scoring.

‘‘Doesn’t mean anything now,’’ he said. ‘‘You can always look back at what you did in the past and be excited about it, but it means nothing going forward. So it’s a whole new season. Wipe the slate clean and start over from there. Everyone on offense knows that part. We did good things last year, but that doesn’t transfer over to this year. We have to do new and better things this year and continue to be a good offense and try to be consistently good, each and every game.’’

If it’s possible, Forte is more valuable this year than last. The reason is the chasm between him and his backups.

Four of the five reserves ? rookies Ka’Deem Carey, Jordan Lynch and Senorise Perry and second-year special-team specialist Michael Ford ? have never carried the ball in a regular-season game. The fifth, Shaun Draughn, has 63 career carries, but in a what-have-you-done-for-me-lately league, he logged only four last season. Michael Bush, the since-released backup last season, at least had experience on his side with 809 career carries.

Short of quarterback Jay Cutler, whom the offense prioritizes protecting at all costs, Forte is the Bears’ most irreplaceable offensive star this season.

‘‘I mean, everyone can make an important case,’’ wide receiver Alshon Jeffery said. ‘‘But I feel like, to win a Super Bowl, it starts with the guys up front. So they’re the most important. And then with him carrying the ball and catching the ball? The sky’s the limit.’’

Forte put in his work before camp began, running hills with tight end Martellus Bennett and training with the defensive backs.

Rookie Kyle Fuller said Forte and others have shown him ‘‘how to be a pro’’ in the offseason. Lynch, a Heisman Trophy finalist as a quarterback at Northern Illinois, said Forte is ‘‘always looking to help’’ him learn his new position.

‘‘He’s a beast,’’ Jeffery said. ‘‘He works hard. He’s a gym rat.’’

Forte called his typical conditioning routine ‘‘what you’re supposed to do’’ but knows it matters as he gets older.

‘‘This is my seventh training camp,’’ he said. ‘‘Continue to maintain your body so you can endure the entire season.’’

Trestman has noticed.

‘‘Matt does a great job in all aspects of his preparation,’’ Trestman said. ‘‘We obviously know he’s in tremendous condition. He’s the guy taking notes in meetings and doing all the little things in the protection meetings, making sure he’s on top of everything. He just continues to try to be the best player he can be ? and that’s all we can ask of him.’’

Email: [email protected]

Twitter: @patrickfinley

Chicago Sun-Times
28/07
16 Points
1

Man dead, police officer wounded after shooting in Bucktown

After the officer approached and announced himself, the two began to struggle over the officer's gun, Fraternal Order of Police spokesman Pat Camden said. SUN-TIMES MEDIA WIRE July 28, 2014 5:40AM A man was shot and killed and a Chicago Police officer wounded early Monday morning in the 1600 block of North Marshfield Avenue in Chicago's Bucktown neighborhood.

SUN-TIMES MEDIA WIRE July 28, 2014 5:40AM

A man was shot and killed and a Chicago Police officer wounded early Monday morning in the 1600 block of North Marshfield Avenue in Chicago's Bucktown neighborhood. | NVP Photo

Updated: July 28, 2014 8:29AM

A man is dead and an officer wounded after a police-involved shooting in the Bucktown neighborhood early Monday, officials said.

The shooting happened about 3:30 a.m. in the 1600 block of North Marshfield Avenue, according to police and a Fire Media Affairs spokesman.

A 44-year-old off-duty police officer was taken with a gunshot wound to John H. Stroger Jr. Hospital of Cook County, the Fire Media Affairs spokesman said. His condition had stabilized.

Another man, in his 30s, was pronounced dead at the scene at 3:40 a.m., the Cook County Medical Examiner’s office said. His name was not being released Monday morning.

The officer, who lives in the area, was returning home from work and still in uniform when he encountered the man attempting to break in to a nearby home that is still under construction, according to a statement from Chicago Police.

The man was holding a dark object in his hand, police said.

After the officer approached and announced himself, the two began to struggle over the officer’s gun, Fraternal Order of Police spokesman Pat Camden said.

During the struggle, the gun discharged and shot the officer in the arm, authorities said. Camden said it was still unclear how the gun went off.

At that point, the officer grabbed hold of his gun and shot the other man in self-defense, Camden said. Police found a screwdriver with the suspected burglar, which he might have used to try and injure the officer, Camden said.

The Independent Police Review Authority is investigating the shooting, spokesman Larry Merritt said.

Chicago Sun-Times
28/07
16 Points
1

Emotional Frank Thomas shows heartwarming side in Cooperstown

BY RICK MORRISSEY Staff Columnist July 27, 2014 8:54PM Updated: July 28, 2014 2:18AMCOOPERSTOWN, N.Y. Maybe yours did, too.Thomas cried for his late agent, Robert Fraley, who had died in a plane accident along with golfer Payne Stewart in 1999. After a 17-minute, 43-second speech, we understand a little better now. Once the tears started, they never really stopped.

BY RICK MORRISSEY Staff Columnist July 27, 2014 8:54PM

Updated: July 28, 2014 2:18AM

COOPERSTOWN, N.Y. ? Once the tears started, they never really stopped. And seeing as how they started the moment Frank Thomas stepped to the podium Sunday, there was a very good chance he was going to be at flood stage three minutes into his Hall of Fame induction speech.

Thomas is an emotional guy. We know that. We had seen it, along with a lot of fine hitting, in his 16 seasons with the White Sox. What we hadn’t seen much of, at least in this quantity, was the graciousness he displayed here. The scope of his gratitude was so wide that the huge crowd threatened to be swept away. By that and the tears. It wasn’t just the names Thomas mentioned ? and he mentioned a lot ? it was the feeling with which he mentioned them.

The self-absorbed hitter we had witnessed so often over the years, that guy we media members certainly had no trouble portraying, was nowhere to be seen.

He had a special message for his dad, who passed away in 2001.

“Frank Sr., I know you’re watching and smiling from heaven,’’ he said. “Without you, I know 100 percent I wouldn’t be here in Cooperstown today. Thanks for pushing me and always preaching to me, ‘You can be someone special if you really work at it.’ I took that to heart, Pops. Look at us today.’’

A handkerchief came to the rescue. It would get quite a workout. Maybe yours did, too.

Thomas cried for his late agent, Robert Fraley, who had died in a plane accident along with golfer Payne Stewart in 1999. He named 138 teammates, which might sound excessive, but he said he had to cut out about 50 others because of time constraints.

In a staccato burst, the first-ballot Hall of Famer mentioned players you might know and players you might not know.

“One-Dog, Rock, Grebeck, RV, Ozzie .?.?.’’

Big names, little names, no-names.

“Blackjack, The Deacon, Sugar Ray .?.?.’’

Shall he go on? He shall.

“Graffanino, Marte, Bartolo .?.?.’’

It was a run-on sentence of appreciation, and you couldn’t help but forgive him his excess.

He named Sox trainers, clubhouse attendants, coaches, managers, general managers and, with emphasis, “Kenny Williams,’’ with whom he had clashed after signing with the Athletics in 2006. He had “special love’’ for former Sox hitting coach Walt Hriniak, who played a big role in Thomas’ .301 career batting average and 521 home runs.

“I could always remember you saying, ‘Keep your effing head down and finish, Frank,’?’’ Thomas said, his voice cracking.

He could have talked more about performance-enhancing drugs in baseball, but what he said was enough: “To all you kids out there, just remember one thing from today: There are no shortcuts to success.’’

Had he gone on more, he might have been accused of whining about the cheaters who had stolen some individual awards, stolen some of his thunder. He didn’t.

Instead, this day was about many of the people who had helped him throughout his life. And the more he talked about them, the more his hard edges seemed to melt away. Funny how that works.

We hadn’t seen enough of this Frank Thomas when he was with the Sox. Not like this. Not with this much earnestness. Maybe letting his guard down as a player would have taken away from his ability to concentrate on baseball. Who knows? But it was nice to see this version of him.

Getting into the Hall of Fame affects people in different ways. The haughty can become haughtier. For Thomas, it seems to have drilled down and found a deep reserve of humility.

Everyone seemed happy on this day, perhaps even fellow inductee Tony La Russa, though I’ll need scientific proof. Greg Maddux told the crowd that Cubs fans “were maybe the best in baseball’’ and reiterated what he had said the day before, that he had left for Atlanta after the 1992 season to win a World Series. Ouch again.

“Sorry, Chicago,’’ he said.

But this turned out to be Thomas’ show. He started crying when he first caught sight of his mom, Charlie Mae, who he said hadn’t been outside of Columbus, Georgia, in 15 years.

Of his father, he later told media members, “You guys don’t understand: My dad was my everything.’’

Over and over again during his career, Thomas said he was misunderstood. After a 17-minute, 43-second speech, we understand a little better now.

Email: [email protected]

Twitter: @MorrisseyCST

Chicago Sun-Times
28/07
17 Points
1

Addison woman, 2 daughters shot during robbery in Hammond

A 41-year-old woman from Addison, Illinois, and her two daughters were shot during an attempted robbery Sunday morning in Hammond, police said.Two men tried to rob the woman, who was in a car with her two daughters . "It shouldn't be like that. . . . All we can do is pray." Hammond police are asking anyone with information about the shooting to call (219) 853-6490. Hoyda said the two girls were taken to an Illinois hospital in critical condition.

BY TERESA AUCH SCHULZSun-Times Media July 27, 2014 5:28PM

Police tape can be found in the alley near 921 Morris where an attempted robbery occurred critically injuring 2 and one other with non-life threatening injuries in Hammond on July 27, 2014. | Jim Karczewski/For Sun-Times Media

Updated: July 27, 2014 10:23PM

HAMMOND, Ind. ? A 41-year-old woman from Addison, Illinois, and her two daughters were shot during an attempted robbery Sunday morning in Hammond, police said.

Two men tried to rob the woman, who was in a car with her two daughters ? ages 15 and 12 ? about 11:20 a.m. in the 900 block of Morris Street, Hammond Police Lt. Rich Hoyda said.

The woman tried to flee in the car, and one of the men fired multiple shots, striking everyone in the car. The woman was able to call for help.

Hoyda said the two girls were taken to an Illinois hospital in critical condition. The mother was taken to a local hospital with injuries that weren’t life-threatening.

The would-be robbers fled, but police didn’t know whether they left on foot or in a vehicle.

The shooting didn’t stop several residents from sitting on their porches Sunday afternoon.

A neighbor, Antonio Otero said he was at church when the shooting happened, but he saw police cars lining his street when he returned. He said he saw a car with a busted window.

He added that his block, just two blocks away from Hammond City Hall and Hammond High School, is normally quiet.

Another neighbor, Frank, who declined to give his last name, said he sometimes hears gunshots but they sound like they’re far away.

“It’s sad that all this mess is happening,” said Frank, who was not at home when the shooting happened. “It shouldn’t be like that. . . . All we can do is pray.”

Hammond police are asking anyone with information about the shooting to call (219) 853-6490.

Chicago Sun-Times
28/07
9 Points
1

Man charged in Orange Line robbery

CTA spokeswoman Catherine Hosinski said authorities learned of the crime after one of the riders who was robbed alerted CTA personnel at the Roosevelt station . BY JON SEIDEL  AND MITCH ARMENTROUT Staff Reporters July 27, 2014 11:34AM Michael A. Taylor / photo from Chicago Police Updated: July 27, 2014 7:28PMTwo men boarded the northbound CTA Orange Line train at Halsted on a Wednesday afternoon.

BY JON SEIDEL  AND MITCH ARMENTROUT Staff Reporters July 27, 2014 11:34AM

Michael A. Taylor / photo from Chicago Police

Updated: July 27, 2014 7:28PM

Two men boarded the northbound CTA Orange Line train at Halsted on a Wednesday afternoon.

One pulled a blue-steel revolver, according to a police source.

And the other told their fellow passengers: “Give me your s - - -.”

By the time the train reached Roosevelt, its next stop, prosecutors said the thieves had collected purses, wallets, cash and cellphones in a black backpack ? and were ready to flee.

But on Sunday, Michael A. Taylor, 20, of the South Austin neighborhood, appeared before Cook County Judge James Brown, charged with robbery in connection with the stickup about 4:15 p.m. on July 16.

Brown ordered Taylor held in lieu of $300,000 bail after Assistant State’s Attorney Beth Novy said Taylor was the man who collected passengers’ belongings during the robbery. The armed man also struck one woman in the face with his handgun, according to the source.

Novy said the other man has yet to be charged. But Chicago Police News Affairs Officer Jose Estrada said the man had been arrested in Indiana and was awaiting extradition to Illinois. It wasn’t immediately known where in Indiana he was arrested.

CTA spokeswoman Catherine Hosinski said authorities learned of the crime after one of the riders who was robbed alerted CTA personnel at the Roosevelt station ? where the robbers fled.

The transit agency held the train at the Harold Washington Library-State/Van Buren station until police arrived, she said.

Taylor, of the 700 block of North Waller, was arrested Friday night in Rockford, police said.

He was charged with two felony counts of aggravated assault with a firearm in connection with a separate incident on May 12, when he allegedly fired shots at a group of people in the 5700 block of West Ohio Street, police said. No one was hurt in that shooting.

Chicago Sun-Times
28/07
15 Points
1

Man charged in Orange Line robbery

CTA spokeswoman Catherine Hosinski said authorities learned of the crime after one of the riders who was robbed alerted CTA personnel at the Roosevelt station . BY JON SEIDEL  AND MITCH ARMENTROUT Staff Reporters July 27, 2014 11:34AM Michael A. Taylor / photo from Chicago Police Updated: July 28, 2014 2:45AMTwo men boarded the northbound CTA Orange Line train at Halsted on a Wednesday afternoon.

BY JON SEIDEL  AND MITCH ARMENTROUT Staff Reporters July 27, 2014 11:34AM

Michael A. Taylor / photo from Chicago Police

Updated: July 28, 2014 2:45AM

Two men boarded the northbound CTA Orange Line train at Halsted on a Wednesday afternoon.

One pulled a blue-steel revolver, according to a police source.

And the other told their fellow passengers: “Give me your s - - -.”

By the time the train reached Roosevelt, its next stop, prosecutors said the thieves had collected purses, wallets, cash and cellphones in a black backpack ? and were ready to flee.

But on Sunday, Michael A. Taylor, 20, of the South Austin neighborhood, appeared before Cook County Judge James Brown, charged with robbery in connection with the stickup about 4:15 p.m. on July 16.

Brown ordered Taylor held in lieu of $300,000 bail after Assistant State’s Attorney Beth Novy said Taylor was the man who collected passengers’ belongings during the robbery. The armed man also struck one woman in the face with his handgun, according to the source.

Novy said the other man has yet to be charged. But Chicago Police News Affairs Officer Jose Estrada said the man had been arrested in Indiana and was awaiting extradition to Illinois. It wasn’t immediately known where in Indiana he was arrested.

CTA spokeswoman Catherine Hosinski said authorities learned of the crime after one of the riders who was robbed alerted CTA personnel at the Roosevelt station ? where the robbers fled.

The transit agency held the train at the Harold Washington Library-State/Van Buren station until police arrived, she said.

Taylor, of the 700 block of North Waller, was arrested Friday night in Rockford, police said.

He was charged with two felony counts of aggravated assault with a firearm in connection with a separate incident on May 12, when he allegedly fired shots at a group of people in the 5700 block of West Ohio Street, police said. No one was hurt in that shooting.

Chicago Sun-Times
28/07
4 Points
1

2 charged with attempted murder in shooting of 3-year-old

SUN-TIMES MEDIA WIRE July 27, 2014 6:12PM Updated: July 28, 2014 2:12AMTwo Southwest Side men have been charged in a shooting that left a 3-year-old boy with bullet wounds in his stomach and hip Friday night. Friday, the boy, Jason Ares, was shot in the hip and abdomen while standing next to his mother in the 4400 block of South Sacramento Avenue.

SUN-TIMES MEDIA WIRE July 27, 2014 6:12PM

Updated: July 28, 2014 2:12AM

Two Southwest Side men have been charged in a shooting that left a 3-year-old boy with bullet wounds in his stomach and hip Friday night.

Alger Sanchez, 19, and Anton Aseves, 22, were charged Sunday with one count each of aggravated battery/discharge of a firearm and two counts each of attempted first-degree murder, according to a statement from Chicago Police.

About 10 p.m. Friday, the boy, Jason Ares, was shot in the hip and abdomen while standing next to his mother in the 4400 block of South Sacramento Avenue.

Jason was taken to Mount Sinai Hospital in critical condition. He was listed in fair condition Sunday afternoon, a hospital spokeswoman said.

Jason’s mother, April Steve, said she thought the gunman was shooting at her home in retaliation for a recent gang-related shooting.

Sanchez, of the 4100 block of South Francisco Avenue, and Aseves, of the 4000 block of South Francisco Avenue, were scheduled to appear in bond court Monday.

As of midnight Sunday, 26 people had been shot in Chicago ? one fatally ? in 20 separate incidents since 6 p.m. Friday.

The single largest shooting occurred about 6 p.m. Friday in the 700 block of South California in the East Garfield Park neighborhood. Samuel Walker, 13, was killed, and six people were injured.

The carnage began when two gunmen got out of a car and opened fire. One of the bullets hit the boy in the head. He was pronounced dead on the scene a short time later. Five other victims, all males, suffered lower-body wounds. A sixth man had a graze wound in his stomach.

Sandra Williams, Walker’s aunt, said her nephew had just finished summer school and was on his way to buy chips from a convenience store when he was shot.

Walker had a documented gang affiliation, and some of the other victims also were gang-affiliated, police said.

“He was a good kid. He loved basketball and swimming,” Williams said on the steps of her sister’s home on Saturday.

“This is just too much,” Williams said. “We can’t handle this.”

Chicago Sun-Times
28/07
14 Points
1

99 years ago, 844 died in the Eastland disaster

July 24, 2014 12:52PM Passengers scramble off the Eastland after the excursion steamer rolled over in the Chicago River on July 24, 1915. | Sun-Times library Updated: July 24, 2014 11:27PMIt was 99 years ago today, on July 24, 1915, when more than 2,500 people piled onto the Eastland on the Chicago River at the dock between LaSalle and Clark streets.

July 24, 2014 12:52PM

Passengers scramble off the Eastland after the excursion steamer rolled over in the Chicago River on July 24, 1915. More than 800 people were killed. | Sun-Times library

Updated: July 24, 2014 11:27PM

It was 99 years ago today, on July 24, 1915, when more than 2,500 people piled onto the Eastland on the Chicago River at the dock between LaSalle and Clark streets. They were to be the first group of an estimated 7,000 people to be taken to Western Electric’s fifth annual employee picnic, but 844 aboard the ship perished in the blink of an eye. Read more at http://voices.suntimes.com/news/99-years-ago-today-844-died-in-the-eastland-disaster/

Chicago Sun-Times
28/07
3 Points
1

Raheem Sterling scores for Liverpool in dreary exhibition at Soldier Field

BY BRIAN SANDALOW For Sun-Times Media July 27, 2014 9:41PM Updated: July 28, 2014 2:17AMLiverpool and Olympiacos don't begin their regular seasons until next month.Olympiacos is the reigning Greek champion, and Liverpool is coming off a second-place finish in the English Premier League.

BY BRIAN SANDALOW For Sun-Times Media July 27, 2014 9:41PM

Updated: July 28, 2014 2:17AM

Liverpool and Olympiacos don’t begin their regular seasons until next month.

Olympiacos is the reigning Greek champion, and Liverpool is coming off a second-place finish in the English Premier League.

The game Sunday at Soldier Field, part of the International Champions Cup, was only an exhibition with no bearing on those upcoming seasons.

That’s probably a good thing for both teams after Liverpool’s 1-0 victory on Raheem Sterling’s fifth-minute strike.

Neither team looked like it was at its sharpest.

There were only three shots on goal, but six yellow cards were issued, and the teams combined for 32 fouls.

For both clubs, the value wasn’t in the entertainment but more in the preparation.

“For us, this is a great opportunity to play, to take part in a tournament like this because we have the opportunity to play against the greatest teams and also to give a good performance, which we are giving,” Olympiacos coach and former Real Madrid star Michel Gonzalez said through a translator.

Another aspect of the trip is, of course, building their brands and expanding the reach of the clubs in the United States.

The crowd of 36,170 was mostly made up of Liverpool fans, and they brought many of the club’s traditions with them.

The seating behind the north goal was unofficially the Kop, named after the most famous section of Anfield, the club’s stadium in England.

Those fans sang along as the team’s anthem, “You’ll Never Walk Alone,” played on the speakers before the game.

That passion was noticed by Liverpool coach Brendan Rodgers.

“We were all probably taken aback by the reception we received when we arrived at the hotel,” Rodgers said Saturday. “It was incredible, the number of supporters outside.”

Despite the subpar game, Rodgers said he was content with the display.

“I was delighted with the team,” Rodgers said.

“As the preseason goes on, we will be getting sharper in our movements and some of our passing, but, at this moment, you’re really building up the resistance of the players [with] the duration of the game and getting some minutes under their belt.”

Chicago Sun-Times
28/07
2 Points
1

August won’t be an easy time for Cubs

The Cubs' record in the 51 quality starts is 27-24 despite a 1.83 ERA (70 earned runs/3452/3 innings) by the starters. '''The reality is you're still playing for your teammates, you're still playing for the city, you're playing for each other and you're trying to still be professional. The fans deserve it when they come to watch you play, that you'll give your best effort and you're still trying to play the game the right way. ''Try to eliminate some of those aspects of, 'Where are we in the season.

BY TONI GINNETTI For Sun-Times Media July 27, 2014 8:11PM

Updated: July 28, 2014 2:19AM

The next few days are clock-watching time in the majors as Thursday’s non-waiver trade deadline nears.

The Cubs could make another move to acquire more prospects, but the challenge now is more about trying to make what is left of the second half meaningful ? and, at the least, avoid a 100-loss season.

That makes August a difficult time; it’s too early to invite a flurry of call-ups and too soon to be motivated as spoilers.

‘‘I’m not trying to envision us in any particular place other than to make sure we have these guys push and just play the game,’’ manager Rick Renteria said. ‘‘Try to eliminate some of those aspects of, ‘Where are we in the season? What are we as a club? What are we competing for?’

‘‘The reality is you’re still playing for your teammates, you’re still playing for the city, you’re playing for each other and you’re trying to still be professional.

‘‘The biggest thing we have to understand is the season isn’t going to stop just because of where you are in the standings. You still have to play. Everyone deserves a good effort. The fans deserve it when they come to watch you play, that you’ll give your best effort and you’re still trying to play the game the right way. You’re still trying to scratch out victories every day because you’re still moving forward.

‘‘The aspects of being spoilers or anything, that’s [what comes from] results. You’re just trying to play good baseball. If you happen to become a spoiler in the process, so be it.’’

Measuring quality

Quality starts ? when a starting pitcher goes six or more innings allowing three or fewer runs ? can be a measure for success. But it hasn’t been true for the Cubs.

The staff has 51 such starts, including Kyle Hendricks’ outing Sunday. But only 22 have been victories for the starters involved. That statistic was reflected in Jeff Samardzija’s record before he was traded July 4 (2-7 in 17 starts).

Starters have 19 no-decisions in the quality starts as well as 10 losses. The Cubs’ record in the 51 quality starts is 27-24 despite a 1.83 ERA (70 earned runs/3452/3 innings) by the starters.

The master

Cardinals manager Mike Matheny was asked about new Hall of Fame member Greg Maddux.

‘‘I would have enjoyed catching him, for sure,’’ he said. ‘‘I would have enjoyed trying to understand how he thought about the game.

‘‘I remember one time here, he put one right down the middle. ‘Hit it as hard as you want because the wind is screaming in,’ and I smashed it as hard as I could smash it, and it went nowhere. He just gave a grin.’’

This and that

Anthony Rizzo has hit safely in 11 of the last 12 games and went 2-for-4 Sunday. He’s hitting .333 (15-for-45) in that span.

??The Cubs were shut out for the 12th time with the 1-0 loss. They are 0-5-1 in their last six series at Wrigley Field.

Chicago Sun-Times
28/07
2 Points
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