Nearly 645K Chicago mortgages underwater









Almost 645,000 homeowners in a 14-county Chicago area owed more on their mortgages than their homes were worth at the end of December, a slight increase from the third quarter, Zillow reported Thursday.

Still, the company's fourth quarter report on negative equity showed a year-over-year decrease in the percentage of homeowners with a mortgage who were underwater on their loans. Last year, 41,208 area homes moved into positive equity, Zillow found.

Compared with the nation as a whole, the Chicago area remains hard hit by the housing crisis. Zillow found that nationally, 27.5 percent of homeowners with a mortgage, or about 13.8 million homeowners, had negative equity in December, but that percentage should fall to 25.5 percent by the end of this year.

That positive trend is not the case in the Chicago area, where the percentage of underwater homeowners is expected to increase to 37.3 percent of all homeowners with a mortgage by the fourth quarter. The uptick is due to Zillow's prediction that home values in the Chicago area are expected to fall 0.6 percent this year.

Zillow's definition of the Chicago area includes Cook, DeKalb, DuPage, Grundy, Jasper, Kane, Kendall, Lake, McHenry, Newton, Porter and Will counties in Illinois, Wisconsin's Kenosha County and Indiana's Lake County.

mepodmolik@tribune.com | Twitter @mepodmolik

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Police shoot robbery suspect in Bucktown intersection









Chicago police chased a robbery suspect from River North into Bucktown and shot him after he tried to run over an officer, according to authorities.

Police said the man wanted in more than a dozen robberies of North Side convenience stores and restaurants. He was wounded after robbing a Subway shop on State Street just north of Chicago Avenue, police said.

Officers working a robbery mission team pursued an SUV that matched the description of one fleeing the scene to the intersection of North, Milwaukee and Damen avenues. The man tried to run over an officer after backing into a squad car, police said in a statement.

The man did not respond to commands and made suspicious movements inside the vehicle before he was shot, and police said they recovered a weapon at the scene.

The man, whose age was not available, was taken to Stroger Hospital.

Police from a number of nearby districts responded to the scene after officers called a "10-1," a term used to signal an officer, firefighter or paramedic in distress. Detectives from two of the three city detective areas also responded.

Detectives approached people at the bars that line the intersection, asking if anyone saw anything.  Police blocked access to the area and the CTA rerouted its bus traffic around the intersection.

Hours after the shooting, as the bars wrapped up for the night, people stood outside smoking and exchanging stories of the cop cars they saw speeding toward the scene.

The other robberies linked to the suspect usually occurred between 11:30 p.m. and 2:15 a.m. They included hold-ups within two hours of each other at 2200 N. Lincoln Avenue and 300 W. Chicago Avenue early in the morning of Feb. 6.

pnickeas@tribune.com
Twitter: @peternickeas



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Yahoo takes cue from Facebook in website revamp


(Reuters) - Yahoo Inc is rolling out a revamped look for its website aimed at making the Web portal more modern and attractive to users.


"We wanted it to be familiar but also wanted it to embrace some of the modern paradigms of the Web," Chief Executive Marissa Mayer said on NBC's "Today" show on Wednesday.


"One thing that I really like is this very personalized newsfeed, it's infinite and you can go on scrolling forever," she said.


In a blog post, Mayer said the company will begin introducing the changes over the next few days, with more changes and improvements expected in the coming months. The endless newsfeed containing stories, pictures or video is similar to feeds on Facebook Inc as well as Twitter.


Mayer also said in her blog that the website would feature newly designed applications, allow users to log in with their Yahoo or Facebook IDs and would work well on smartphones and tablets.


Yahoo is one of the world's most-visited online properties, but revenue has declined in recent years amid competition from Google and Facebook.


Yahoo has also been beset by internal turmoil that has resulted in a revolving door of CEOs.


Mayer, 37, took over after a tumultuous period at Yahoo in which former CEO Scott Thompson resigned after less than six months on the job over a controversy about his academic credentials, and during which Yahoo co-founder Jerry Yang resigned from the board and cut his ties with the company.


Yahoo's 2012 revenue was $5 billion. It has been flat year over year, off from some $6.3 billion in 2010.


(Reporting By Nicola Leske; Editing by Maureen Bavdek)



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Police: No inconsistencies in Pistorius account


PRETORIA, South Africa (AP) — A police detective testified at Oscar Pistorius' bail hearing Wednesday that authorities have not found any inconsistencies in the star athlete's description of his shooting of his girlfriend — a killing Pistorius says was accidental but which prosecutors call murder.


The second day of the bail hearing in a case that has riveted South Africa and much of the world appeared at first to go against the double-amputee runner, with prosecutor Gerrie Nel saying a witness can testify to hearing "non-stop talking, like shouting" between 2 a.m. and 3 a.m. before the predawn shooting on Valentine's Day.


Pistorius said in an affidavit read in court Tuesday that he and girlfriend Reeva Steenkamp, a 29-year-old model and budding reality TV star, had gone to bed and that when he awoke during the night he detected what he thought was an intruder in the bathroom. He testified that he grabbed his 9 mm pistol and fired into the door of a toilet enclosed in the bathroom, only to discover later to his horror that Steenkamp was there, mortally wounded.


The prosecution alleged the couple had a fight before he fired shots.


Under cross-examination by the defense, police Detective Warrant Officer Hilton Botha acknowledged that the witness who allegedly overheard the argument was 600 meters (yards) from Pistorius' house, where the shooting occurred. Later, prosecutor Nel re-questioned Botha, and the detective said the distance was actually much closer.


Pistorius, the first Paralympian runner to compete at the Olympics, is charged with premeditated murder in the case.


The prosecution attempted to cement its argument that the couple had a shouting match, that Steenkamp fled and locked herself into the toilet stall of the bathroom and that Pistorius fired four shots through the door, hitting her with three bullets.


Botha added: "I believe that he knew that Reeva was in the bathroom and he shot four shots through the door."


When asked if the police found anything inconsistent with the version of events presented by Pistorius, Botha responded that they had not.


However Botha — who has 24 years' experience as a policeman and 16 as a detective — presented evidence that appears to disagree with Pistorius' account. Botha said the trajectory of the bullets showed the gun was fired pointed down and from a height. This seems to conflict with Pistorius' statement Tuesday, because the athlete said that he was on his stumps and feeling vulnerable because he was in a low position when he opened fired.


Prosecutor Gerrie Nel has said the killing was premeditated because Pistorius took time to put on his prosthetic legs before the shooting.


Nel projected a plan of the bedroom and bathroom for the courtroom and argued Pistorius had to walk past his bed to get to the bathroom and could not have done so without realizing Steenkamp was not in the bed.


"There's no other way of getting there," Nel said.


Hilton said the holster for the 9 mm pistol was found under the side of the bed on which Steenkamp slept — also implying it would have been impossible for Pistorius to get the gun without realizing that Steenkamp was not in the bed and could have been the person in the bathroom. Pistorius testified Tuesday that the bedroom was pitch dark.


Hilton said Steenkamp was shot in the head over her right ear and in her right elbow and hip, with both joints broken by the impacts.


Defense attorney Barry Roux asked Botha if Steenkamp's body showed "any pattern of defensive wounds," and the detective said it did not.


Botha said the shots were fired from 1.5 meters (five feet), and that police found three spent cartridges in the bathroom and one in the hallway connecting the bathroom to the bedroom.


Police also found two iPhones in the bathroom and two BlackBerrys in the bedroom, Hilton said, adding that none had been used to phone for help. Pistorius had said that he called the manager of his guarded and gated housing complex and a private paramedic service.


Roux said Pistorius did make calls, including to the guards of the housing estate. In one case, he said, a guard could hear Pistorius crying.


"Was it part of his premeditated plan, not to switch off the phone and cry?" Roux asked sarcastically.


Botha said Pistorius did not have a license for a .38-caliber weapon and consequently his possession of ammunition for such a weapon was illegal.


The detective said that all Pistorius would say after the shooting was "he thought it was a burglar."


In an additional revelation Wednesday, police said they found two boxes of testosterone and needles in Pistorius' bedroom.


But Roux said the substance was an "herbal remedy," and not a steroid or a banned substance.


Police "take every piece of evidence and try to extract the most possibly negative connotation and present it to the court," defense lawyer Roux said.


----


Imray reported from Johannesburg. Associated Press writer Michelle Faul in Johannesburg contributed to this report.


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Drug overdose deaths up for 11th consecutive year


CHICAGO (AP) — Drug overdose deaths rose for the 11th straight year, federal data show, and most of them were accidents involving addictive painkillers despite growing attention to risks from these medicines.


"The big picture is that this is a big problem that has gotten much worse quickly," said Dr. Thomas Frieden, head of the Centers for Disease Control and Prevention, which gathered and analyzed the data.


In 2010, the CDC reported, there were 38,329 drug overdose deaths nationwide. Medicines, mostly prescription drugs, were involved in nearly 60 percent of overdose deaths that year, overshadowing deaths from illicit narcotics.


The report appears in Tuesday's Journal of the American Medical Association.


It details which drugs were at play in most of the fatalities. As in previous recent years, opioid drugs — which include OxyContin and Vicodin — were the biggest problem, contributing to 3 out of 4 medication overdose deaths.


Frieden said many doctors and patients don't realize how addictive these drugs can be, and that they're too often prescribed for pain that can be managed with less risky drugs.


They're useful for cancer, "but if you've got terrible back pain or terrible migraines," using these addictive drugs can be dangerous, he said.


Medication-related deaths accounted for 22,134 of the drug overdose deaths in 2010.


Anti-anxiety drugs including Valium were among common causes of medication-related deaths, involved in almost 30 percent of them. Among the medication-related deaths, 17 percent were suicides.


The report's data came from death certificates, which aren't always clear on whether a death was a suicide or a tragic attempt at getting high. But it does seem like most serious painkiller overdoses were accidental, said Dr. Rich Zane, chair of emergency medicine at the University of Colorado School of Medicine.


The study's findings are no surprise, he added. "The results are consistent with what we experience" in ERs, he said, adding that the statistics no doubt have gotten worse since 2010.


Some experts believe these deaths will level off. "Right now, there's a general belief that because these are pharmaceutical drugs, they're safer than street drugs like heroin," said Don Des Jarlais, director of the chemical dependency institute at New York City's Beth Israel Medical Center.


"But at some point, people using these drugs are going to become more aware of the dangers," he said.


Frieden said the data show a need for more prescription drug monitoring programs at the state level, and more laws shutting down "pill mills" — doctor offices and pharmacies that over-prescribe addictive medicines.


Last month, a federal panel of drug safety specialists recommended that Vicodin and dozens of other medicines be subjected to the same restrictions as other narcotic drugs like oxycodone and morphine. Meanwhile, more and more hospitals have been establishing tougher restrictions on painkiller prescriptions and refills.


One example: The University of Colorado Hospital in Aurora is considering a rule that would ban emergency doctors from prescribing more medicine for patients who say they lost their pain meds, Zane said.


___


Stobbe reported from Atlanta.


___


Online:


JAMA: http://www.jama.ama-assn.org


CDC: http://www.cdc.gov


___


AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com


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Robin Roberts returns to 'Good Morning America'


NEW YORK (AP) — Five months after undergoing a bone marrow transplant, Robin Roberts is back on television in the morning.


Roberts said Wednesday she'd been waiting 174 days "to say this, good morning America."


The morning-show host is recovering from MDS, a blood and bone marrow disease. She looked thin with close-cropped hair but was smiling broadly, back at work on "Good Morning America" at ABC's studio in New York City.


Roberts was welcomed back in a taped message from President Barack Obama and his wife, Michelle, former ESPN colleagues and Magic Johnson.


ABC announced Roberts will interview the first lady later this week, to be shown next Tuesday.


ABC News President Ben Sherwood came into the studio to give fist bumps to the anchors at the 7:25 a.m. break. He said Roberts' health will be closely monitored to make sure she doesn't overdo it at the beginning.


"This was up to Robin, her doctors and God," Sherwood said. "It's a day that we all rejoice."


ABC didn't miss a beat with her absence, continuing in first place in the ratings after first overcoming NBC's "Today" show last spring. Sherwood said the success with Roberts' absence surprised him.


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Online:


http://abcnews.go.com/


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Office Depot to buy OfficeMax









Office Depot Inc. said on Wednesday that it would buy smaller rival OfficeMax Inc. for $1.17 billion in stock to get more clout with suppliers and better compete against Staples Inc and Amazon.com Inc .

After days of speculation that a deal was close, the news was buried on the fourth page of Office Depot's earnings press release. Nearly an hour after it came out, there was still no mention on OfficeMax's website.

Office Depot will issue 2.69 new shares of common stock for each outstanding common share of OfficeMax. At Tuesday's closing prices, the deal is valued at $13.50 per share, or $1.17 billion, based on 86.7 million shares outstanding as of Oct. 26.

After the merger is completed, Office Depot's board will consist of an equal number of directors chosen by that company and OfficeMax.

The news comes as both companies face pressure from investors to boost profitability and lift their sagging shares.

Analysts say they expect far less pushback from antitrust authorities for this deal than what Office Depot faced in the 1990s, when it tried to merge with Staples, given the changes in the office supply market since then.

Underscoring how tough that business has become, Office Depot reported a fourth-quarter net loss, hurt by a 6 percent decrease in comparable sales at its North American stores and a revenue drop at its unit that serves North American businesses.

Office supply retailers, which are often seen as reflecting overall economic health, have suffered as demand for their products fell in the years after the last U.S. recession led companies to cut spending.

They also face strong competition from the likes of Amazon and Wal-Mart Stores Inc in selling everything from pens and notebooks to furniture and break room supplies to government, businesses and individuals.

SMALL PREMIUM

The offer represented a premium of just under 4 percent to OfficeMax's $13 close. It was not immediately clear if that was enough to satisfy one of the company's largest shareholders, Neuberger Berman, which said earlier this week it would support a deal depending on the terms.

OfficeMax shares rose 9.2 percent to $14.20 in premarket trading. Office Depot was up 10 percent at $5.52, meaning that OfficeMax was still trading below the value of the bid.

The deal, considered long overdue by many on Wall Street, will also give Office Depot and OfficeMax a chance to save hundreds of millions of dollars by closing stores, cutting advertising costs and streamlining their supply chain.

Industry experts have long hoped Office Depot would join hands with OfficeMax to take on Staples, which boosted its international business and clout with suppliers by buying Dutch rival Corporate Express in 2008.

BB&T Capital Markets analyst Anthony Chukumba said the Office Depot-OfficeMax combination would help Staples, however.

"Clearly, you can't make this deal work unless you close a bunch of stores," he said. "Store rationalization is long overdue, and Staples will clearly benefit from just having fewer stores to compete with."

Staples has 39.9 percent of the U.S. office supply market, Office Depot 19.2 percent and OfficeMax holds 15.7 percent, according to Euromonitor International.

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Weather cited in Antioch crash that killed 2 teens
















Lake County crash


Two teens were killed after the vehicle they were traveling in left Wilmot Road in Antioch and struck a tree, police say.
(WGN-TV / February 18, 2013)



























































Two teenagers were killed when their SUV crashed into a tree in Antioch in heavy rain, authorities said.


The 16-year-old boy and 17-year-old girl were traveling west when their Chevrolet Trailblazer left the road in the 27000 block of Wilmot Road around 7 p.m. Monday, according to the Lake County sheriff's office. The SUV went through a yard before hitting the tree, the office said.


Both teens died on the scene. The boy, who was driving, was from Antioch and the girl was from Lindenhurst. The Lake County coroner's office was expected to release further details after notifying family members.





Authorities said they believe weather contributed to the crash. A man who lives where the crash occurred said it was raining hard when the accident occurred.


"It was pouring," said Tim Staples.


Staples said he was home when "I just saw the headlights spin ... We ran out and you could see the car was in the tree, the tree was on the car ... a mangled car I couldn't recognize."


"We checked the scene," he said. "We had flashlights and we looked inside. It didn't look promising, it looked really bad."


He said firefighters reached the scene in 7 or 8 minutes. "It took them an hour to get them out. They had to take the top of the car off."


Staples said the car hit a tree he had planted on his property 30 years ago.


chicagobreaking@tribune.com


Twitter: @ChicagoBreaking






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Burger King takes down Twitter account after hack attack


NEW YORK (Reuters) - Hackers breached the Twitter account of fast-food chain Burger King, posting the online equivalent of graffiti and sometimes making little sense.


Burger King Worldwide Inc suspended its Twitter account about an hour after it learned of the attack at 12:24 p.m. EST on Monday, company spokesman Bryson Thornton said in an email.


"It has come to our attention that the Twitter account of the BURGER KING® brand has been hacked," the company said in a statement. "We have worked directly with administrators to suspend the account until we are able to re-establish our legitimate site and authentic postings."


Several tweets carried the logo of Burger King's larger rival McDonald's, but spelled the latter company's name incorrectly. Others sought to tarnish Burger King, the third-largest U.S. hamburger chain, and its employees.


"Just got sold to McDonalds," one tweet said, adding "FREDOM IS FAILURE".


(Reporting by Ilaina Jonas; Editing by Dale Hudson)



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Pistorius says no intentions to kill girlfriend


PRETORIA, South Africa (AP) — Oscar Pistorius told a packed courtroom Tuesday that he shot his girlfriend to death by mistake, thinking she was a robber. The prosecutor called it premeditated murder.


The double amputee said in an affidavit read by his lawyer at his bail hearing that he felt vulnerable because he did not have on his prosthetic legs when he pumped bullets into the locked bathroom door. Then, Pistorius said in the sworn statement, he realized that model Reeva Steenkamp was not in his bed.


"It filled me with horror and fear," he said.


He put on his prosthetic legs, tried to kick down the door, then bashed it in with a cricket bat to find Steenkamp, 29, shot inside. He said he ran downstairs with her, but "She died in my arms."


Prosecutor Gerrie Nel on Tuesday charged the 26-year-old athlete and Olympian with premeditated murder, alleging he took the time to put on his legs and walk some seven meters (yards) from the bed to the bathroom door before opening fire. A conviction of premeditated murder carries a mandatory sentence of life in jail.


The Valentine's Day shooting death has shocked South Africans and many around the world who idolized Pistorius for overcoming adversity to become a sports champion, competing in the London Olympics last year in track besides being a Paralympian. Steenkamp was a model and law graduate who made her debut on a South African reality TV program that was broadcast on Saturday, two days after her death.


The magistrate ruled that Pistorius faces the harshest bail requirements available in South African law.


Nel told the court that Pistorius fired into the door of a small bathroom where Steenkamp was cowering after a shouting match. He fired four times and three bullets hit Steenkamp, the prosecutor said.


"She couldn't go anywhere. You can run nowhere," prosecutor Nel argued. "It must have been horrific."


Pistorius sobbed softly as his lawyer, Barry Roux, insisted the shooting was an accident and that there was no evidence to substantiate a murder charge.


"Was it to kill her, or was it to get her out?" he asked about the broken-down door. "We submit it is not even murder. There is no concession this is a murder."


He said the state had provided no evidence that the couple quarreled nor offered a motive.


Nel rebutted: "The motive is 'I want to kill.'"


As details emerged at the dramatic court hearing in the capital, Steenkamp's body was being cremated Tuesday at a memorial service in the south-coast port city of Port Elizabeth. The family said members had arrived from around the world. Six pallbearers carried her coffin, draped with a white cloth and covered in white flowers, into the church for the private service.


June Steenkamp, the mother, said the family wants answers.


"Why? Why my little girl? Why did this happen? Why did he do this?" she said in an interview published Monday in The Times newspaper.


Outside the court, several dozen singing women protested against domestic violence and waved placards urging Pistorius be refused bail. "Pistorius must rot in jail," one placard said.


South Africa has some of the world's worst rates of violence against females and the highest rate in the world of women killed by an intimate partner, according to a study by the Medical Research Council. Another council study estimates a child or woman is raped every four minutes. While homicide rates have dropped, the number of women killed by current or former partners has increased, said the council's Professor Rachel Jewkes. At least three women are killed by a partner every day in the country of 50 million, she said.


Steenkamp campaigned actively against domestic violence and had tweeted on Twitter that she planned to join a "Black Friday" protest by wearing black in honor of a 17-year-old girl who was gang-raped and mutilated two weeks ago.


What "she stood for, and the abuse against women, unfortunately it's gone right around and I think the Lord knows that statement is more powerful now," her uncle and the family spokesman Mike Steenkamp said after her memorial.


He said the family had planned a big get-together at Christmas but that had not been possible. "But we are here today as a family and the only one who's missing is Reeva," he said, breaking down and weeping.


Pistorius was born without fibula bones and had them amputated when he was 11 months.


The man known as the Blade Runner because of his running prostheses has lost several valuable sponsorships estimated to be worth more than $1 million a year.


On Tuesday, the athlete was ousted from a pro-gay campaign being launched in Cape Town, organizers said. In a video axed from the campaign, Pistorius says "You don't have to worry. You don't have to change. Take a deep breath and remember, 'It will get better.'"


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Associated Press writer Michelle Faul contributed from Johannesburg and AP photographer Schalk van Zuydam from Port Elizabeth.


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