Jewel parent says sale talks proceeding

Exterior of Jewel-Osco's first "Green Store" located at 370 N. Desplaines in Chicago. (Antonio Perez / November 29, 2012)

By Emily Bryson York




Chicago Tribune reporter

6:51 a.m. CST, November 30, 2012

Supervalu, the Minneapolis-based parent of Jewel-Osco said sale talks are proceeding after stock closed down more than 18 percent Thursday, to $2.28.

The beleaguered grocery chain was likely moving to combat reports that sale talks with suitor Cerberus Capital Management had stalled over funding.

"The company continues to be in active discussion with several parties," according to the statement. "There can be no assurance that this process will result in any transaction or any change in the Company's overall structure or its business model."

Supervalu, the third-largest U.S. grocery chain, has acknowledged sale talks since the spring. The company has been closing stores and cutting jobs as it has underperformed competitors like Dominick's parent Safeway and Kroger.

If Supervalu does not sell to Cerberus, it may have to restructure on its own or sell off individual assets, which could have big tax consequences, Bloomberg said.

Reuters reported last month that buyout firm Cerberus was preparing a takeover bid for Supervalu, the third-largest U.S. supermarket chain.

Cerberus officials could not be reached immediately for comment.

-- Reuters contributed to this report

In addition to Jewel, Supervalu owns Albertsons, Cub and other regional grocery chains.

SVU data by YCharts

SVU data by YCharts

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Winning tickets sought in $588 million jackpot

The search is on for the country's newest multimillionaires, the holders of two tickets that matched all six numbers to claim a record $588 million Powerball jackpot.

Lottery officials said Thursday that the winning tickets matching all six numbers were sold at a convenience store in suburban Phoenix and a gas station just off Interstate 29 in a small northwestern Missouri town. Neither ticket holder had come forward.

The mystery fueled a giddy mood at the Trex Mart just outside Dearborn, Mo. — population 500 — as lottery officials and the media descended.

Cashiers Kristi Williams and Kelly Blount greeted customers with big smiles and questions about whether they had bought the winning ticket. No one had come forward to claim the prize by late Thursday morning, Missouri Lottery officials said.

"It's just awesome," Williams said. "It's so exciting. We can't even work."

The winning ticket sold in Arizona was purchased at a 4 Sons Food Store in Fountain Hills, Ariz., state lottery officials said.

In Dearborn, Williams said several local people buy lottery tickets there regularly and workers were hoping it was one of their regulars.

But Baron Hartell, son of the store's owner, Lowell Hartell, said truck drivers moving in both directions on the north-south interstate that connects Kansas City to the Canadian border who frequent the store are also considered locals.

"Even the truck drivers who come around, we see them every day, so they all feel like all locals to us," he said.

Store manager Chris Naurez said business had been "crazy" for Powerball tickets lately and that the store had sold about $27,000 worth of tickets in the last few days.

"This really puts Dearborn on the map," he said.

The general manager of Trex Mart suggested his staff would be sharing in the $50,000 bounty that the store will be awarded for selling one of the winning tickets.

"The response from the owner was, 'I guess we'll be able to give out Christmas bonuses,'" General Manager Kenny Gilbert said. "That's nice, especially at this time of year."

It appeared the winners had yet to come forward, and it wasn't clear if the tickets had been bought by individuals or groups. Winners have 180 days to claim their share of the prize money.

The numbers drawn Wednesday night were 5, 16, 22, 23, 29. The Powerball was 6. The $587.5 million payout represents the second-largest jackpot in U.S. history.

"If you find you're holding the winning ticket, be sure you sign the back and put it in a safe place until you can take it to a Missouri Lottery office," said May Scheve Reardon, executive director of the Missouri Lottery. "You will also want to get some legal and financial advice before you claim."

Americans went on a ticket-buying spree in the run-up to Wednesday's drawing, the big money enticing many people who rarely, if ever, play the lottery to purchase a shot at the second-largest payout in U.S. history.

Tickets sold at a rate of 130,000 a minute nationwide — about six times the volume from a week ago. That pushed the jackpot even higher, said Chuck Strutt, executive director of the Multi-State Lottery Association. The jackpot rolled over 16 consecutive times without a winner.

In a Mega Millions drawing in March, three ticket buyers shared a $656 million jackpot. This remains the largest lottery payout of all time.

___

Skoloff reported from Fountain Hills, Ariz.

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Microsoft Windows 8 makes lukewarm debut: sales tracker

SEATTLE (Reuters) - Consumer sales of Windows-powered personal computers fell 21 percent overall last month, figures released by a leading retail research firm showed on Thursday, indicating a lackluster debut for Microsoft Corp's Windows 8 operating system.

Many in the industry said Windows 8 might revive slack PC sales, but a report by NPD Group, which tracks computer sales weekly using data supplied by retailers, dampened those hopes.

On the same day, Microsoft announced pricing for its latest device designed to break Apple Inc's stranglehold on the tablet and lightweight laptop market. It is offering the Surface tablet running the full version of Windows 8 from $899, pitching it somewhere between Apple's latest iPad and MacBook Air laptop.

Since the launch of Windows 8 on October 26, Windows laptop sales are down 24 percent, while desktop sales are down 9 percent compared with the same period last year, making an overall 21 percent dip, NPD Group said.

Usually, a Microsoft release boosts PC sales because many consumers hold off purchases for several months so they can obtain the latest software immediately.

If the NPD's sales trends are borne out over the rest of the holiday shopping season, it would be a huge disappointment for Microsoft and PC makers such as Dell Inc, HP and Lenovo.

"After just four weeks on the market, it's still early to place blame on Windows 8 for the ongoing weakness in the PC market," said Stephen Baker, vice president of industry analysis at NPD. "We still have the whole holiday selling season ahead of us, but clearly Windows 8 did not prove to be the impetus for a sales turnaround some had hoped for."

NPD's data neither includes Microsoft's first Surface tablet, which is only available in its own stores, nor takes account of sales of PCs to businesses, which has recently been a much stronger market.

LARGER TABLET AVAILABLE JANUARY

Microsoft's first Surface tablet runs a version of Windows called RT, created to work on the low-power chips designed by ARM Holdings, which dominate smartphones and tablets but are incompatible with old Windows applications.

A larger, heavier tablet -- officially called 'Surface with Windows 8 Pro' -- will be on sale from January, running on an Intel Corp chip that works with all Microsoft's Windows and Office applications.

Microsoft said on Thursday it would price the new Surface at $899 for a 64 gigabyte version and $999 for a 128 GB version. That does not include the optional cover, which doubles as a keyboard, costing $120 to $130.

The company describes the wifi-only device as "a full PC and a tablet". It is priced above Apple's 64 GB wifi-only iPad at $699 and at the low end of Apple's MacBook Air line of lightweight laptops which start at $999.

The Intel-based Surface is thicker and heavier than both the iPad and Surface running Windows RT, but at 2 lbs (0.9 kg) is lighter than the MacBook Air.

Since Microsoft introduced Windows 8, it has accounted for only 58 percent of Windows computing device unit sales, compared to the 83 percent Windows 7 accounted for at the same point after its launch in 2009, NPD said. That was partly caused by poor back-to-school sales that left many Windows 7 PCs on retailers' shelves, NPD said.

One patch of light for Microsoft is strong sales of touchscreen Windows 8 laptops, which accounted for 6 percent of Windows laptop sales, according to NPD.

It is still unclear how successful Microsoft's Windows 8 will be in the long term. The touch-optimized, tablet-friendly system was designed to appeal to younger users with a colorful, app-based interface, but has confused some traditional Windows customers more used to keyboard and mouse commands. Beneath the new interface design, it does not offer any radical new computing power.

On Monday, a top Windows executive said Microsoft had sold 40 million Windows 8 licenses in the month since the launch. That is ahead of Windows 7 at the same stage, but it was not clear how many of those were pre-orders, discounted upgrades, or bulk sales to PC makers.

According to tech research firm StatCounter, about 1 percent of the world's 1.5 billion or so personal computers - making a total of around 15 million - are actually running Windows 8.

(Reporting By Bill Rigby; Editing by Bernard Orr and Grant McCool)

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Tagliabue holds Saints bounties hearing in DC

WASHINGTON (AP) — Former NFL Commissioner Paul Tagliabue and lawyers for the league and the players' union have arrived for a hearing in the Saints bounties case.

Tagliabue is overseeing the latest round of player appeals in Washington.

Former Saints assistant Mike Cerullo, a key witness in the NFL's investigation, is scheduled to speak Thursday. Former New Orleans defensive coordinator Gregg Williams is to participate in Friday's session.

Two Saints players who were suspended, linebacker Jonathan Vilma and defensive end Will Smith, had said they plan to attend when Williams is there.

Vilma's lawyer attended Thursday's hearing at an office building.

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Womens’ stories dominate 2013 Sundance film lineup

NEW YORK (Reuters) – The Sundance Film Festival, the top U.S. film festival for independent cinema, on Wednesday unveiled its lineup for 2013, with films centered on female characters dominating the American fiction film competition.

The 113 feature length movies, including both narrative films and documentaries, cover a range of topics, but more than half of those chosen for the U.S. dramatic competition focus on stories about women, including several about females exploring sexual relationships.

That includes “May In The Summer,” director Cherien Dabis’s new film about a bride-to-be forced to re-evaluate her life when she reunites with her family in Jordan that is one of 16 films in the U.S. dramatic competition.

It will kick off Sundance on January 17 as one of four first-night screenings that will comprise of one feature and one documentary from each of the U.S. films and world cinema sections – movies made outside the United States.

Overall, 4,044 feature films from around the world were submitted for the festival that is backed by Robert Redford’s Sundance Institute for filmmaking and is the premiere U.S. event for movies made outside Hollywood’s major studios.

Indie films from Sundance festivals that have gone on to critical success include last year’s winner, “Beasts of the Southern Wild,” as well as “The Sessions,” and “Little Miss Sunshine” and “An Inconvenient Truth”.

Other features about female journeys include writer director Lynn Shelton’s “Touchy Feely,” about a massage therapist unable to do her job when she suddenly has an aversion to bodily contact.

“There are a lot of women’s stories, and interestingly enough, a lot of those stories exploring sexual relationships,” the festival’s program director Trevor Groth said in an interview, noting it was a natural extension of an increase in female directors.

“We have had some over the years that have been from a male gaze looking at sexual politics and sexual relationships, but this year we have got a wave of films doing that from a female perspective, which is intriguing and exciting.”

Those include “Afternoon Delight”, a dark comedy about a lost L.A. housewife who takes in a young stripper, “Concussion”, about a woman in a lesbian relationship who becomes a call girl, and “The Lifeguard”, about a reporter who quits her job in New York and moves back home to Connecticut.

Stories from the male perspective include “C.O.G.”, the first film adaptation of comic writer David Sedaris. Adapted from a short story from Sedaris’ best-selling 1997 essay collection, “Naked”, Sedaris has co-written the screenplay about a cocky man traveling to Oregon to work on an apple farm.

PUNK PRAYERS

Other “Day One” screenings include “Crystal Fairy”, about two strangers on a road trip in Chile, and the documentaries “Twenty Feet From Stardom”, about backup singers for some of the biggest bands in pop music and “Who Is Dayani Cristal?”, about the search for an anonymous body in the Arizona desert.

Nonfiction films from the world documentary section tackle subjects ranging from Russian punk protest band Pussy Riot in “Pussy Riot — A Punk Prayer”, to the 2008 Sichuan earthquake “Fallen City” to Google’s quest to build a giant digital library “Google and the World Brain”.

And returning to the United States, among American documentaries are an examination of the occupy Wall Street movement “99% – The Occupy Wall Street Collaborative Film”, “Dirty Wars” about America’s covert wars and “Manhunt” that looks inside the CIA’s conflict against Al Qaeda.

Festival director John Cooper noted the strength and “immediacy” of the documentary lineup and “the way these films explain and expose the issues of our time, like economic inequality, corporate corruption and greed, the problems and sometimes the solutions of living in this information age”.

Movies in the Premieres section, which unlike the competition sections feature more established directors, will be announced December 3.

Overall, this year’s festival will feature movies from 32 countries and 51 first-time filmmakers. The festival begins on January 17, 2012 and runs through January 27.

(Reporting By Christine Kearney, editing by Patricia Reaney)

Movies News Headlines – Yahoo! News

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Clinton releases road map for AIDS-free generation

DEAR ABBY: My wife and I have been married for five years. I recently discovered that she made between 10 and 20 porn videos when she was 19. We got married when she was 27. We have four kids from two previous marriages.I am devastated. When I confronted her about it, she cried harder than I had ever seen. She said she was lost, and it's the biggest regret of her entire life.I understand how hard it can be to tell someone you have done something like this. I haven't led a perfect life either, and I have my own skeletons and things that I would never mention. But still, I can't get over this. ...

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Lohan charged with NYC assault and Calif. crash

NEW YORK (AP) — Actress Lindsay Lohan was arrested Thursday in New York City after police said she hit a woman during an argument, then hours later was charged in California with lying to police and reckless driving for a June crash in which her Porsche slammed into a dump truck.

The "Mean Girls" and "Freaky Friday" star was arrested at 4 a.m. and charged with third-degree assault.

She left a police precinct nearly four hours later with a black jacket pulled over her head. Lohan was wearing leggings, a green mini dress and high-heels. She drove off in a black SUV with a driver, a woman and another man who was seen going in and out of the precinct.

Lohan, 26, allegedly got into the spat with another woman at Club Avenue, in Manhattan's Chelsea section. She struck the woman in the face with her hand, police said. The woman did not require medical attention.

Lohan's attorney, Shawn Holley, did not immediately return messages seeking comment.

The charges come just after Lohan's portrayal of Elizabeth Taylor in the Lifetime movie "Liz & Dick" premiered to harsh reviews from critics and the public.

After the June crash, the actress told police her assistant was driving, but detectives determined Lohan was behind the wheel, police said. Prosecutors charged her with three misdemeanors: providing false information to police, reckless driving and willfully obstructing a police officer from their duties. No date for Lohan's arraignment was announced, but the charges are likely to trigger a probation violation for a 2011 necklace theft case.

Lohan's newest arrest is her latest brush with law enforcement in New York City.

She was involved in a New York Police Department investigation in September after alleging a man had assaulted her in a New York hotel, but charges against the man were later dropped.

Also in September, the actress was accused of clipping a man with her car outside another Manhattan nightclub, but prosecutors chose not to move ahead with charges.

In October, police were called to her childhood home on Long Island after a report of a fight between her and her mother. An investigation revealed "no criminality."

The Los Angeles case comes nearly six months after the actress crashed while on her way to a movie set. She was taken to the hospital but returned to the set of the film "Liz and Dick" hours later.

Lohan has become more of a tabloid and courthouse mainstay in recent years than an actress, and her crash while on the way to the set of "Liz and Dick" demonstrated the risk of casting her in films. A week after the accident, paramedics were summoned to Lohan's hotel room in an episode her publicist attributed to exhaustion and dehydration, and shooting on the film was again briefly delayed.

In May, she was cleared of allegations that she struck a Hollywood nightclub manager with her car.

She recently filmed "The Canyons," an indie film written by "Less Than Zero" and "American Psycho" author Bret Easton Ellis.

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Griffin buyer of Chicago's priciest condo

Billionaire Kenneth Griffin, who is the founder and chief executive of Chicago-based hedge fund Citadel, was the buyer of that $15 million penthouse condominium unit in the Park Tower, which sold two weeks ago in what appears to be Chicago's priciest condo sale ever.

Newly public records show that Griffin, 44, bought the 7,900-square-foot unit, which had been owned by hedge fund manager Richard Cooper's Cooperfund.

Griffin was a logical buyer for Cooper's unit, given that he has owned a penthouse on the 67th floor of the Park Tower since buying it in 2000 for $6.9 million. The new unit is on the 66th floor.

 The unit never actually was publicly listed.  Instead, it was listed privately and only was placed into the real estate MLS at the exact time that the deal was struck.

Chezi Rafaeli of Coldwell Banker represented both Griffin and Cooper.  He has declined to comment on any aspect of the transaction.

Features in the three-bedroom unit that Griffin just purchased include four full baths, five half baths, 16-foot ceilings, a private terrace space measuring 44 feet by 15 feet, and three garage spaces in the building.  Cooper bought the unit as raw space in 2000 for $3.316 million.

 Griffin's new acquisition is the most expensive condo in Chicago history, easily surpassing the previous recordholder -- actor Vince Vaughn's $12 million purchase in 2006 of a triplex penthouse in the Palmolive building, which he now has available for $16.75 million.

The most expensive condo ever listed in Chicago is the current, $32 million listing for the penthouse unit in the Trump International Hotel and Tower.

Chicago's other highest-priced condo sales are financier James S. Crown's $10.1 million purchase in 2002 of a duplex in an eight-story luxury Gold Coast condo building, chewing-gum heir Bill Wrigley's $9.125 million purchase that same year of a full floor atop that same building, Tampa Bay Buccaneers co-chairman Bryan Glazer's $8.606 million purchase in 2010 of a 53rd-floor condo unit at the Elysian Private Residences Tower, options trader Igor Chernomzav's $8.18 million purchase in 2010 of a full-floor, 6,432-square-foot unit in the Elysian and commodities trader Jeff Silverman's $7.2 million purchase last year of a top-floor condo unit in a Gold Coast tower.

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Convicted former Rep. Mel Reynolds wants Jackson seat

Disgraced former U.S. Rep. Mel Reynolds said he will ask voters to focus on his congressional experience rather than his state and federal criminal record as he announced his bid today for the seat held by Jesse Jackson Jr., who has resigned.

At a downtown hotel news conference, Reynolds acknowledged having made “mistakes” in the past. For his campaign, he will try to assume the mantle of an incumbent while also seeking redemption from voters. Red and white campaign signs urged voters to “re-elect” Reynolds “so he can finish the work” while another stark red sign with white letters said simply: “Redemption.”

Reynolds held the 2nd Congressional District seat from 1993 until October 1995, when a Cook County jury convicted him of several sex-related charges, including having sex with an underage volunteer campaign worker. While serving time in state prison, Reynolds also was convicted on federal financial and campaign fraud charges. President Bill Clinton commuted Reynolds' sentence to time served in 2001.

Under law, Reynolds, formerly a South Side resident who is now renting in Dolton, no longer has to register as a sex offender.

Reynolds sought to downplay his previous convictions, contending “it was almost 18, 20 years ago” and that his past crimes “shouldn’t be a life sentence.”

“The fact of the matter is, nobody’s perfect,” Reynolds said, adding that voters should “look at the entire history of me,” including what people do “after they make mistakes.” Reynolds, however, stopped short of acknowledging guilt for any of his crimes.

Though Reynolds sought to focus on his experience in Congress, where he served on the powerful House Ways and Means Committee, his entry into the contest was yet another sorry reminder of the congressional representation that voters on the South Side and south suburbs have had with their last three representatives.

Reynolds replaced Gus Savage, a controversial and outspoken congressman who was condemned by the House Ethics Committee amid allegations of sexual misconduct involving a Peace Corps volunteer while he was on an official congressional visit to Zaire.

After Reynolds resigned, Jackson won a special election in 1995 to succeed him. But after 17 years, Jackson stepped down last week amid federal ethics investigations and a diagnosis of bipolar depression.

Unlike his failed 2004 primary bid against Jackson, in which Reynolds lost by an 89 percent to 6 percent margin, Reynolds was not joined this time in his announcement by his wife, Marisol. The two have had a history of marital problems. As he spoke about raising his children almost like a single parent, Reynolds said he was not divorced but wanted to leave questions about his wife out of the campaign.

Reynolds said he is self-employed as a financial consultant who acts as a broker between African investors and U.S. companies. But if there was a symbol that he misses Congress, despite his short tenure there, it was the shining black GMC SUV parked outside his news conference with retired congressional license plates that read “MR.”

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BlackBerry maker RIM loses patent dispute with Nokia

HELSINKI (Reuters) - BlackBerry maker Research In Motion Ltd (RIM) has lost a dispute over the use of Nokia Oyj patents, in a case which could halt the sale of RIM products if it does not reach a new royalties deal with the Finnish company.

The Swedish arbitrator ruled RIM was not entitled to make or sell mobile devices which can hook up to WiFi networks - using technology known in the trade as WLAN or wireless local access network systems - without first agreeing royalties with Nokia.

"RIM is liable to pay royalties and damages to Nokia for its ... sales of any subscriber terminals (handsets or tablets) ... compatible with the WLAN standard," the arbitrator said in the ruling, issued on November 6 but not publicized until Wednesday.

"RIM has not contested that it manufactures and sells products using WLAN in accordance with Nokia's WLAN patents," it added.

The decision is a boost for Nokia which is trying to increase its royalty income as its phone business slides, and the group said it had filed cases in the United States, Britain and Canada to enforce the arbitrator's ruling.

"This could have a significant financial impact to RIM, as all BlackBerry devices support WLAN," IDC analyst Francisco Jeronimo said.

A RIM spokesman declined comment.

A source close to RIM said the arbitration ruling was unlikely to have any immediate ramifications, as Nokia still has to fight a number of legal battles for the arbitration panel's ruling to be recognized in different countries.

But analysts said RIM would likely seek a royalty agreement with Nokia to avert any risk of sale bans.

"The arbitration decision is not appealable and the U.S. Court can be expected to enforce the judgment by issuing an injunction against RIM, which would effectively put RIM out of business," said Alexander Poltorak, chief executive of patent consultancy General Patent Corp.

"RIM has only one choice now - to license Nokia's patents," Poltorak said. "It should be a quick process. No substantive issue will be re-litigated. The U.S. court merely needs to enforce the verdict of the Swedish arbitration tribunal."

CONTRACT ROW

RIM, a smartphone pioneer, hopes new devices using BlackBerry 10 software, due early 2013, will rescue it from a prolonged slump in the face of competition from the likes of Apple Inc and Samsung Electronics Co Ltd.

"If a sales ban was imposed it would be a massive blow for RIM as it manages its transition to the new BlackBerry 10 software platform," said analyst Pete Cunningham at Canalys.

RIM promises its new devices will be faster than previous smartphones and will have a large catalogue of applications, which are crucial to the success of any new line of smartphones.

Shares in RIM were up 1.7 percent at $10.90 by 1146 ET on Nasdaq, while its Toronto-listed shares were up 11 Canadian cents at C$10.81.

Nokia said it signed a cross-license agreement with RIM covering cellular patents in 2003, a deal that was amended in 2008. RIM sought arbitration in March 2011 with the Stockholm Chamber of Commerce, arguing that license should be extended to cover WLAN patents.

Nokia, along with Ericsson and Qualcomm Inc, is among the leading patent holders in the wireless industry. Patent royalties generate annual revenue of about 500 million euros ($646 million) for Nokia.

Based on a Nortel patent sale and Google Inc's acquisition of Motorola Mobility, some analysts say Nokia's patent portfolio alone merits its current share price of around 2.50 euros.

However, the patent market has cooled since those deals were made and some industry experts say the "fair value" of patents in large portfolios is between $100,000 and $200,000, pricing Nokia's portfolio at up to 0.50 euros per share.

Nokia shares, which are heavily influenced by expectations of new smartphone model sales, were down 1 percent at 2.54 euros. The Wall Street Journal said the new Lumia 920 smartphone was worth considering but was heavy and thick.

($1=0.7733 euros)

(Additional reporting by Euan Rocha in Toronto; Editing by David Goodman and David Holmes)

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