Rosenthal: Chevrolet restores style to Impala name








Because a brand embedded in our subconsciousness can find a space in our garage, the Impala endures.


About 16 million Chevys named for an African antelope have hit the road since 1958. And even though the one you recently returned to the airport rental lot bore little resemblance the one whose "giddy-up" the Beach Boys sang of a half-century ago, General Motors is betting the bloodline still can claim hearts.


A revamped 10th-generation 2014 model is now on display at the just-opened 105th Chicago Auto Show as a prelude to its dealership debut in a few weeks, a bid to re-establish its good name.






"It's always been a great brand name," Russ Clark, director of Chevrolet marketing, said alongside one of the made-over Impalas on the Auto Show floor at McCormick Place. "In fact, when we did research on the name, we found Impala is one of the strongest in terms of consideration and favorable opinion of any name in the industry. A lot of that is heritage. A lot of it is the fact that people say, 'I know people who have had them, and everybody loved them.'"


The brand has been ubiquitous for decades, even if you don't remember the Beach Boys immortalizing the vintage growl of a "four-speed dual-quad Posi-Traction 409" or how Robert Blake's 1970s TV tough guy Baretta drove a rusted-out Impala from '66, the era when Chevrolet could move about 1 million Impala sedans and station wagons a year. My own first car was a four-door V-8 '72 Impala, a powerful and roomy hand-me-down whose weather-beaten body — like the brand's identity — clearly had seen better days by the late '70s and early '80s.


More recent Impalas have hardly been the stuff of song, and it's hard to imagine them inspiring nostalgia. They've been too dully utilitarian to be iconic.


Nonetheless, although sales have slowed, it has been the overall best-seller among big sedans. Three-quarters of those sales have been as fleet vehicles for corporate salespeople, government agencies and rental companies. That means the premium has been on space, reliability and keeping costs down rather than the kind of panache and extras that might foster pride of ownership.


The goal of this Impala overhaul in both four- and six-cylinder iterations — drafting on similar nameplate revivals for models such as Ford's Taurus, Dodge's Charger and Chrysler's 300 — is to flip that 75-25 ratio of fleet sales to retail on its head.


"It makes perfectly good sense on General Motors' part to finally put some style back in the Impala," auto industry analyst Art Spinella, president of CNW Research, explained. "If you have a great brand name, to almost toss it off, treat it as an orphan and send it off to the fleet sales department with bland styling and cheap interiors, that's a disgrace. What they've done is kind of salvage themselves with this.


"It's finally dawned on General Motors that you can sell a consumer car to fleets, but you can't sell a fleet car to consumers. You always keep fleet cars (looking) relatively obscure and you keep the price way down, and that's what General Motors had been doing for years to keep the (Impala sales) volume up. Now they're taking another look. I don't think they've necessarily gone far enough, but it's a step in the right direction."


To wander through the vast Auto Show, which runs through Feb. 18, is to be reminded of how deeply many of us connect to vehicles, starting as children playing with toy trucks and cars. There's a teenage rite of passage when car keys and a license expand the world. Certain makes and models mesh with what played on their radios, the places traveled in them, the stage of life they marked.


That emotional bond doesn't form so easily with a mere box with wheels.


"What was it that made us fall in love with cars in the first place?" Henrik Fisker, executive chairman and co-founder of high-end hybrid carmaker Fisker Automotive, asked the crowd at Thursday's Economic Club of Chicago luncheon. "It struck me that most of us, when we really start to get our heart pumping about cars, it's usually not the cars of today. It's usually the cars of the '50s and '60s."


Road salt, slush and rain were my old '72 Impala's kryptonite. In time, its front bench seat reclined like a La-Z-Boy whenever I hit the gas because the floor beneath had rusted through. Whatever my affection for the vehicle, I could see the road we were on — literally and figuratively — both looking ahead and glancing down.


Thirty years after I traded it in for a sporty red Pontiac with seats that reclined only how and when I wanted, I would not have expected my old flame to generate much heat.


Carmakers, like most marketers, know that even when a brand is disconnected from what it once represented, it still can resonate. The new Impala is neither the muscular car of old nor the generic conveyance of late. Yet Impala means something to would-be buyers, and good or bad, it gives them something to measure this latest version against.


"They have equity in the name and you never get rid of a brand that has a good reputation," Spinella said. "Some people will buy it because it's an Impala. Some people won't. But they'll look at it because it's an Impala and they remember the Impala. It's easier to reintroduce a name than to introduce a name nobody knows."


I can still remember driving around with my friends with no particular place to go, a song on the radio about a horse with no name. If there was a tune about a nameless car, I don't recall it.


philrosenthal@tribune.com


Twitter @phil_rosenthal






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Blizzard packing more than 2 feet of snow reaches Northeast









The leading edge of a powerful storm expected to bring driving winds and more than 2 feet of snow, along with the potential for coastal flooding, reached the Northeast early this morning, canceling thousands of flights in its wake.


Blizzard warnings were in effect from New Jersey through southern Maine, with Boston expected to bear the brunt of the storm. The day began with light snow and winds that were due to pick up with much heavier snowfall by afternoon.


"The snow has taken over and it is accumulating," said FOX CT meteorologist Joe Furey in Hartford, Conn. "This is really serious. This is a storm that can cripple all of southern New England. A blizzard is not about the amounts of snow. A blizzard is about sustained winds or frequent gusts of 35 mph or higher over three hours or longer."








Connecticut Gov. Dannel P. Malloy said he will declare a state of emergency.

"People need to take this storm seriously. If current predictions are accurate, we will need people to stay off the roads so that emergency personnel and utility crews can get to the places they need to get to, and to make sure that our plows can keep critical roadways clear," Malloy said.

"Please stay home once the weather gets bad except in the case of real emergency."


In New York City, still not fully recovered from the effects of October's devastating Hurricane Sandy, officials said they had 1,800 Sanitation Department trucks equipped with snow plows ready to be deployed.


Motorists, mindful of the severe fuel disruptions after Sandy, rushed to buy gasoline, leading to shortages in New York City. A Reuters photographer reported at least three service stations had run out of gas in the borough of Queens on Friday morning, with long lines formed at others.


Sandy knocked out power to hundreds of thousands of homes, taking gasoline stations out of service, and damaged port facilities, exacerbating the shortages by preventing operable stations from refueling.


"You always get long lines ahead of a storm, but as the wounds from Hurricane Sandy are still so fresh, it's not surprising that people are rushing to fill up," said Michael Watt, executive director of the Long Island Gasoline Retailers Association. "It's understandable. Even people like me who would normally think it was foolish to panic buy will be thinking about it."


Boston and surrounding communities said schools would be closed on Friday, and city and state officials told nonessential city workers to stay home.


Officials across the region ordered nonessential government workers to stay home, urged private employers to do the same, and told people to prepare for power outages and encouraged them to check on elderly or disabled neighbors.


In New Jersey, also hit hard by Sandy, state officials expected major coastal flooding, high winds, and possible blizzard conditions in the northeastern section of the state.


"This is a dangerous storm, and we ask motorists to be careful while driving," said Colonel Rick Fuentes, director of the New Jersey Office of Emergency Management. "(The) evening commute will be treacherous throughout much of New Jersey."


The National Weather Service, warning of a "major, maybe even historic, snowstorm," said Boston and much of New England could get up to three feet of snow on Friday and Saturday, its first heavy snowfall in two years. Winds could gust as high as 60 miles to 70 mph. If more than 18.2 inches of snow falls in Boston, it will rank among the city's 10 largest snowfalls. Boston's record snowfall, 27.6 inches, came in 2003.


Cities from Hartford, Connecticut, to Portland, Maine, were expected to see at least one foot of snow.


Airlines have canceled more than 3,000 flights for Friday, according to website FlightAware.com, with the largest number of cancellations at airports in Newark, New Jersey; New York City; Chicago and Boston.


Another 881 flights were canceled for Saturday, according to the flight-tracking site.


Boston's Logan International Airport warned that once the storm roars in, all flights would likely be grounded for 24 hours.


United Continental Holdings Inc, JetBlue Airways Corp and Delta Air Lines Inc all reported extensive cancellations.


For some in the Boston area, the forecast brought to mind memories of the blizzard of 1978, which dropped 27.1 inches, the second largest snowfall recorded in the city's history. That storm started out gently and intensified during the day, leaving many motorists stranded during the evening commute.


Dozens of deaths were reported in the region after that storm, many from people touching downed electric lines.


Officials warned of a high risk of extensive power outages across the region due to the combination of heavy snow and high winds. Residents were also at risk of losing heat at a time when temperatures would dip to 20 degrees. Across the region, store shelves were picked clean of food and storm-related supplies such as shovels and salt as residents scrambled to prepare.


Some big employers said they were considering pleas by officials to let workers stay home, including State Street Corp, one of Boston's largest employers in the financial sector.


Reuters and the Hartford Courant





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Katie Holmes takes fashion line crosstown






NEW YORK (AP) — Katie Holmes and her business partner and stylist Jeanne Yang joined the New York Fashion Week frenzy last season with a show at Lincoln Center, only to leave it behind this time around.


It wasn’t all the people, or even the paparazzi, that drove them away. It was their own clothes. Their look, which they describe as one of careful artistry and potential heritage pieces that women will keep a lifetime, is a little too quiet for all the splash, they said.






“We wanted to tell the full story behind the frivolity,” said Yang, adding: “It’s a quiet approach.”


Holmes and Yang sat down at a hotel on the opposite side of Manhattan with a handful of fashion journalists on Thursday, the opening day of fashion week, to walk them personally through 15 looks Holmes called their favorites.


Katharine Hepburn‘s practical-yet-chic look of the 1940s, Donna Karan‘s use of the shoulders and back as erogenous zones, Halston’s glamorous sportswear and Chanel’s mastery of seaming and studs were all in their minds as they built the pieces and outfits.


“We’re not trying to be trendy … but we’re trying to make high-quality pieces you’ll wear over and over again,” Holmes said.


Holmes was wearing an A-line shirtdress in the blue-and-black plaid that was dominant in the collection, while Yang wore one of the slouchy blazers that has become a key piece for the label, founded in 2009.


For fall, they’ll offer a peplum top with a suede waist band and maxi skirt in the same plaid. Holmes suggested that outfit for a dinner out. Swap the shirt for a tank top for brunch and a blouse to go to the theater. Yang said she hoped a customer would “feel smart” in a white cashmere-silk boucle sweaterdress with a strip of white silk at the hem.


Holmes, meanwhile, was partial to the baggy suede caramel-colored pants that hit just above the ankle, worn with a bow-neck blouse in a deep shade of lipstick pink.


The duo made a point of noting that 70 percent of production of Holmes & Yang happens in New York and the other 30 percent in Los Angeles.


___


Follow Samantha Critchell on Twitter at http://twitter.com/AP_Fashion


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The New Old Age: The Executor's Assistant

I’m serving as executor for my father’s estate, a role few of us are prepared for until we’re playing it, so I was grateful when the mail brought “The American Bar Association Guide to Wills and Estates” — the fourth edition of a handbook the A.B.A. began publishing in 1995.

This is a legal universe, I’m learning, in which every step — even with a small, simple estate that owes no taxes and includes no real estate or trusts — turns out to be at least 30 percent more complicated than expected.

If my dad had been wealthy or owned a business, or if we faced a challenge to his will, I would have turned the whole matter over to an estate lawyer by now. But even then, it would be helpful to know what the lawyer was talking about. The A.B.A. guide would help.

Written with surprising clarity (hey, they’re lawyers), it maps out all kinds of questions and decisions to consider and explains the many ways to leave property to one’s heirs. Updated from the third edition in 2009, the guide not only talks taxes and trusts, but also offers counsel for same-sex couples and unconventional families.

If you want to permit your second husband to live in the family home until he dies, but then guarantee that the house reverts to the children of your first marriage, the guide tells you how a “life estate” works. It explains what is taxable and what isn’t, and discusses how to choose executors and trustees. It lists lots of resources and concludes with an estate-planning checklist.

In general, the A.B.A. intends its guide for the person trying to put his or her affairs in order, more than for family members trying to figure out how to proceed after someone has died. But many of us will play both these parts at some point (and if you are already an executor, or have been, please tell us how that has gone, and mention your state). We’ll need this information.


Paula Span is the author of “When the Time Comes: Families With Aging Parents Share Their Struggles and Solutions.”

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McDonald's January sales down 1.9%









McDonald's January comparable sales fell 1.9 percent, due to weakness in the Europe and Asia, the company said Friday. 

The Oak Brook-based burger giant warned during its fourth-quarter earnings release that sales at restaurants open more than one year would be down. But analysts polled by Consensus Metrix had expected a decline of 1.1 percent.

Shares rose nearly 1 percent in morning trading, to $95.38.

Of greatest concern to Wall Street, same store sales in Europe declined to 2.1 percent. The company cited particular weakness in Germany and France despite solid growth in the U.K and Russia. Europe is the chain's largest market.

Comparable sales fell 9.5 percent in McDonald's Asia Pacific Middle East and Africa division, for which the chain cited weakness in Japan, and declines in China, attributable to a calendar shift in the Chinese New Year, and the ongoing fallout from a poultry crisis.

In the U.S., comparable sales rose 0.9 percent. McDonald's cited popularity of its core menu and moving the grilled onion and cheddar burger onto the Dollar Menu.

Total sales rose in January 0.3 percent, or 0.7 percent adjusted for the impact of currency.

While McDonald's expects sales to improve later this year, the worst isn't over. The company said it expects a 3 percent hit to February sales as a result of a shorter month in 2013.

"While January's results reflect today's challenging environment and difficult prior year comparisons, I am confident that our unwavering commitment to delivering an exceptional restaurant experience will enhance our brand's relevance and drive long-term results," McDonald's CEO Don Thompson said in a statement.

In a Friday research note, Janney analyst David Tarantino wrote that McDonald’s performance in the U.S. was ahead of expectations and the broader quick-service restaurant industry.


Though he expects comparable sales to be down through March, "we remain optimistic that planned initiatives can support better operating momentum after the first quarter," he said.


eyork@tribune.com | Twitter: @emilyyork

Reuters contributed to this report.

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Ex-L.A. police officer suspected in cop killing, other slayings

A manhunt is under way for a double murder suspect, himself a former LAPD officer, after three officers were shot overnight, one fatally.









Authorities in California launched a statewide manhunt for a former Los Angeles police officer suspected in the Thursday morning shooting of three police officers after he threatened "warfare" on cops, the Los Angeles Times reported.


Former officer Christopher Dorner, 33, was suspected in the shooting of three police officers, one of them fatally, early Thursday, police said.

On Wednesday, police named Dorner as a suspect in the shooting deaths of the daughter of a former L.A. police captain and her fiance, whose bodies were found on Sunday.

"The violence of action will be high. ... I will bring unconventional and asymmetrical warfare to those in LAPD uniform whether on or off duty," Dorner wrote on Facebook, KTLA television reported.


Dorner's page appeared to have been removed from the social network site on Thursday.

The California Highway Patrol issued a "blue alert" on Dorner to law enforcement throughout the state after the shootings early Thursday in the Riverside area about 60 miles east of Los Angeles.

"The suspect is considered armed and extremely dangerous," the alert said. "The suspect was involved in multiple shootings with multiple agencies in the Riverside CHP area."

One Los Angeles police officer was grazed on Thursday near Corona in Riverside County, Los Angeles police said. Later, two Riverside Police Department officers were shot in Riverside, and one of them died, Riverside police said.

Irvine police on Wednesday night named Dorner as the suspect in the shooting deaths of the recently engaged Keith Lawrence and Monica Quan, an assistant basketball coach at California State University Fullerton.








Police said they are searching for Dorner, whose last known address is in La Palma, and said he drives a blue 2005 Nissan Titan pickup with California license 7X03191. He is described as a 6-foot tall African American man weighing about 270 pounds, with black hair and brown eyes.


Anyone with information is asked to call a tip line at (714) 724-7192.


Irvine police on Wednesday night named Dorner as the suspect in the double slaying in the parking lot of an upscale Irvine apartment complex Sunday. Officials warned that Dorner is armed and dangerous. Law enforcement sources said police have placed security at the homes of LAPD officials named in the manifesto and believe Dorner has numerous weapons.


In the online postings, according to the Los Angeles Times, Dorner specifically named the father of Monica Quan. Randy Quan, a retired LAPD captain, was involved in the review process that ultimately led to Dorner’s dismissal.


A former U.S. Navy reservist, Dorner was fired in 2009 for allegedly making false statements about his training officer.


Dorner said in his online postings that being a police officer had been his life’s ambition since he served in the Police Explorers program. Now that had been taken away from him, he said, and he suffered from severe depression and was filled with rage over the people who forced him from his job.


Dorner complained that Quan and others did not fairly represent him at the review hearing.


“Your lack of ethics and conspiring to wrong a just individual are over. Suppressing the truth will leave to deadly consequences for you and your family. There will be an element of surprise where you work, live, eat, and sleep,” he wrote, referring to Quan and several others.


“I never had the opportunity to have a family of my own, I'm terminating yours,” he added.


Quan apparently served as Dorner’s representative, according to the manifesto. Of Quan, Dorner wrote: “He doesn't work for you, your interest, or your name. He works for the department, period. His job is to protect the department from civil lawsuits being filed and their best interest which is the almighty dollar. His loyalty is to the department, not his client.”


In the document, he threatens violence against other police officers.


“I know most of you who personally know me are in disbelief to hear from media reports that I am suspected of committing such horrendous murders and have taken drastic and shocking actions in the last couple of days,” he wrote.

“Unfortunately,” he added, “this is a necessary evil that I do not enjoy but must partake and complete for substantial change to occur within the LAPD and reclaim my name.”


Quan, 28, and Lawrence, 27, had recently become engaged and moved into the condominium complex near Concordia University, where they had played basketball and received their degrees, authorities said. Lawrence worked as a campus officer at USC.


Dorner’s LAPD case began when he lodged a complaint against his field training officer, Sgt. Teresa Evans. He accused her of kicking a suspect named Christopher Gettler. An LAPD Board of Rights found that the complaint was false and terminated his employment for making false statements. He appealed the action.


He testified that he graduated from the Police Academy in February 2006 and left for a 13-month military deployment in November 2006.


“This is my last resort,” he wrote. “The LAPD has suppressed the truth and it has now led to deadly consequences.”


Dorner said it was the LAPD’s fault that he lost his law enforcement and Navy careers, as well as his relationships with family and close friends. Dorner wrote that he began his law enforcement career in February 2005 and that it ended in January 2009. His Navy career began in April 2002 and ended this month.


“I lost everything,” he said, “because the LAPD took my name and knew I was innocent.”


Los Angeles Times, Reuters and KTLA contributed





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Well: Think Like a Doctor: A Confused and Terrified Patient

The Challenge: Can you solve the mystery of a middle-aged man recovering from a serious illness who suddenly becomes frightened and confused?

Every month the Diagnosis column of The New York Times Magazine asks Well readers to sift through a difficult case and solve a diagnostic riddle. Below you will find a summary of a case involving a 55-year-old man well on his way to recovering from a series of illnesses when he suddenly becomes confused and paranoid. I will provide you with the main medical notes, labs and imaging results available to the doctor who made the diagnosis.

The first reader to figure out this case will get a signed copy of my book, “Every Patient Tells a Story,” along with the satisfaction of knowing you solved a case of Sherlockian complexity. Good luck.

The Presenting Problem:

A 55-year-old man who is recovering from a devastating injury in a rehabilitation facility suddenly becomes confused, frightened and paranoid.

The Patient’s Story:

The patient, who was recovering from a terrible injury and was too weak to walk, had been found on the floor of his room at the extended care facility, raving that there were people out to get him. He was taken to the emergency room at the Waterbury Hospital in Connecticut, where he was diagnosed with a urinary tract infection and admitted to the hospital for treatment. Doctors thought his delirium was caused by the infection, but after 24 hours, despite receiving the appropriate antibiotics, the patient remained disoriented and frightened.

A Sister’s Visit:

The man’s sister came to visit him on his second day in the hospital. As she walked into the room she was immediately struck by her brother’s distress.

“Get me out of here!” the man shouted from his hospital bed. “They are coming to get me. I gotta get out of here!”

His brown eyes darted from side to side as if searching for his would-be attackers. His arms and legs shook with fear. He looked terrified.

For the past few months, the man had been in and out of the hospital, but he had been getting better — at least he had been improving the last time his sister saw him, the week before. She hurried into the bustling hallway and found a nurse. “What the hell is going on with my brother?” she demanded.

A Long Series of Illnesses:

Three months earlier, the patient had been admitted to that same hospital with delirium tremens. After years of alcohol abuse, he had suddenly stopped drinking a couple of days before, and his body was wracked by the sudden loss of the chemical he had become addicted to. He’d spent an entire week in the hospital but finally recovered. He was sent home, but he didn’t stay there for long.

The following week, when his sister hadn’t heard from him for a couple of days, she forced her way into his home. There she found him, unconscious, in the basement, at the bottom of his staircase. He had fallen, and it looked as if he may have been there for two, possibly three, days. He was close to death. Indeed, in the ambulance on the way to the hospital, his heart had stopped. Rapid action by the E.M.T.’s brought his heart back to life, and he made it to the hospital.

There the extent of the damage became clear. The man’s kidneys had stopped working, and his body chemistry was completely out of whack. He had a severe concussion. And he’d had a heart attack.

He remained in the intensive care unit for nearly three weeks, and in the hospital another two weeks. Even after these weeks of care and recovery, the toll of his injury was terrible. His kidneys were not working, so he required dialysis three times a week. He had needed a machine to help him breathe for so long that he now had to get oxygen through a hole that had been cut into his throat. His arms and legs were so weak that he could not even lift them, and because he was unable even to swallow, he had to be fed through a tube that went directly into his stomach.

Finally, after five weeks in the hospital, he was well enough to be moved to a short-term rehabilitation hospital to complete the long road to recovery. But he was still far from healthy. The laughing, swaggering, Harley-riding man his sister had known until that terrible fall seemed a distant memory, though she saw that he was slowly getting better. He had even started to smile and make jokes. He was confident, he had told her, that with a lot of hard work he could get back to normal. So was she; she knew he was tough.

Back to the Hospital:

The patient had been at the rehab facility for just over two weeks when the staff noticed a sudden change in him. He had stopped smiling and was no longer making jokes. Instead, he talked about people that no one else could see. And he was worried that they wanted to harm him. When he remained confused for a second day, they sent him to the emergency room.

You can see the records from that E.R. visit here.

The man told the E.R. doctor that he knew he was having hallucinations. He thought they had started when he had begun taking a pill to help him sleep a couple of days earlier. It seemed a reasonable explanation, since the medication was known to cause delirium in some people. The hospital psychiatrist took him off that medication and sent him back to rehab that evening with a different sleeping pill.

Back to the Hospital, Again:

Two days later, the patient was back in the emergency room. He was still seeing things that weren’t there, but now he was quite confused as well. He knew his name but couldn’t remember what day or month it was, or even what year. And he had no idea where he was, or where he had just come from.

When the medical team saw the patient after he had been admitted, he was unable to provide any useful medical history. His medical records outlined his earlier hospitalizations, and records from the nursing home filled in additional details. The patient had a history of high blood pressure, depression and alcoholism. He was on a long list of medications. And he had been confused for the past several days.

On examination, he had no fever, although a couple of hours earlier his temperature had been 100.0 degrees. His heart was racing, and his blood pressure was sky high. His arms and legs were weak and swollen. His legs were shaking, and his reflexes were very brisk. Indeed, when his ankle was flexed suddenly, it continued to jerk back and forth on its own three or four times before stopping, a phenomenon known as clonus.

His labs were unchanged from the previous visit except for his urine, which showed signs of a serious infection. A CT scan of the brain was unremarkable, as was a chest X-ray. He was started on an intravenous antibiotic to treat the infection. The thinking was that perhaps the infection was causing the patient’s confusion.

You can see the notes from that second hospital visit here.

His sister had come to visit him the next day, when he was as confused as he had ever been. He was now trembling all over and looked scared to death, terrified. He was certain he was being pursued.

That is when she confronted the nurse, demanding to know what was going on with her brother. The nurse didn’t know. No one did. His urinary tract infection was being treated with antibiotics, but he continued to have a rapid heart rate and elevated blood pressure, along with terrifying hallucinations.

Solving the Mystery:

Can you figure out why this man was so confused and tremulous? I have provided you with all the data available to the doctor who made the diagnosis. The case is not easy — that is why it is here. I’ll post the answer on Friday.


Rules and Regulations: Post your questions and diagnosis in the comments section below.. The correct answer will appear Friday on Well. The winner will be contacted. Reader comments may also appear in a coming issue of The New York Times Magazine.

Correction: The patient’s eyes were brown, not blue.

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Exelon cuts dividend by 41%








Exelon Corp. Thursday morning said it will slash its dividend by more than 40 percent in order to maintain an investment grade rating and free up money to "invest in growth."

Beginning in the second quarter, Exelon's divided will drop to $1.24 per share on an annualized basis from $2.10 per share. The company maintained the $2.10 dividend, among the highest of U.S. utilities, since late 2008.

Analysts predicted the move in light of stubbornly low natural gas prices that have been driving down the company's earnings and are largely responsible for the nearly two-thirds drop the company has seen in its stock price since a high in 2008.
 
Net income for 2012 fell to $1.16 billion, or $1.42 per share, from $2.5 billion, or $3.75 per share. In the fourth quarter, net income fell to $378 million, or 44 cents per share, from $606 million, 91 cents per share, a year earlier.


Revenue was $6.28 billion in the fourth quarter compared to $4.36 billion a year earlier. For the year, revenue rose to $23.49 billion, from $19.06 billion in 2011.


The results were within the company's guidance range.
 
Exelon said Thursday morning that lower prices for the energy it sells, as well as higher nuclear fuel costs,  diminished earnings. Storms, including Sandy, also affected earnings at its regulated utilities in Pennsylvania and Baltimore.
 
The addition of Constellation Energy's contribution to its margins since the merger and favorable weather elsewhere helped to partially offset some losses, the company said.
 
jwernau@tribune.com | Twitter @littlewern

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CTA to spend $2B for rail-car upgrade













CTA commuting


Commuters wait to board a CTA Red Line train at the Belmont Street station in Chicago last December.
(Antonio Perez, Chicago Tribune / December 14, 2012)



























































The CTA will spend up to $2 billion to purchase as many as 846 next-generation rail cars as part of a continuing effort to modernize an aging fleet, officials said Wednesday.
 
The transit agency this week issued an invitation for bids to manufacturers for new rail cars, which will be called the 7000 Series, CTA president Forrest Claypool said.
 
Manufacturers were asked to submit exterior and interior design proposals, including seating configuration and aesthetics, officials said.

The CTA plans a base order of 100 7000 Series cars that would be paid for with federal funds and CTA bond proceeds already in place, CTA spokeswoman Tammy Chase said.

On the options to buy additional cars, up to 746 beyond the base order, the CTA did not identify funding sources.
 
If all goes according to plan, the new cars would start arriving in Chicago about 2016, following completion of delivery of 706 new rail cars that the CTA has already purchased from Bombardier Transportation for $1.14 billion.
 
The Bombardier cars, called the 5000 Series, provide a smoother ride than the old cars they are replacing. But they feature aisle-facing seats, which have proven unpopular with many riders.
 
About 190 of the 5000 Series cars are in operation on several rail lines, with more cars being delivered at a rate of one per weekday, officials said.
 
Replacing old rail cars will reduce service delays caused by mechanical breakdowns and save millions of dollars in operating costs, CTA officials said.
 
Adding the 7000 Series to the mix would potentially reduce the average age of the CTA's fleet to less than 10 years by 2022, officials said. Without the planned purchase, the average age of the fleet would exceed 20 years old by that time. The CTA currently operates about 1,280 rail cars.
 
The oldest rail cars on the CTA system include approximately 400 30-year-old 2600 Series cars that were built between 1981 and 1987, officials said.
 
If all the options were exercised on a 7000 Series purchase, some 256 cars in the 3200 series, which are 20 years old, would be retired in a timely manner, officials said.
 
The CTA could also expand its rail fleet if needed to handle increase ridership or expansion of the rail system, including the planned $1.5 billion extension of the Red Line south branch from 95th Street to 130th Street.
 
jhilkevitch@tribune.com
 
Twitter@jhilkevitch




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Well: Getting Into Your Exercise Groove

Phys Ed

Gretchen Reynolds on the science of fitness.

This isn’t meant as an insult, but you are physiologically lazy. So am I. So are we all. Using treadmill testing, scientists have definitively established that, like other animals, humans naturally aim to use as little energy as possible during most movement. So when we walk or run, our bodies tend to choose a particular cadence, a combination of step length and step frequency, that allows us to move at any given speed with as little physiological effort as possible.

How we pick that cadence, though, and whether we can or would even want to change it has been unclear. But a series of recent studies involving runners, walkers, metronomes and virtual reality curtains suggests that while the tug of physiological laziness is strong, it can be controlled, or at least tweaked, with some conscious effort — and perhaps your iPhone playlist.

In the first and most revelatory of the studies, physiologists at Simon Fraser University in British Columbia asked adult volunteers to walk on a treadmill at an easy pace. Using motion capture technology, the scientists determined how many steps each person was taking per minute at this speed. A person’s pace depends, of course, on both step length and step frequency. But because the two are inextricably entwined — lengthen your stride and you’ll take fewer steps over a given distance — studying one provides sufficient information about the other, and frequency is easier to enumerate.

After establishing each volunteer’s preferred step frequency, the scientists then sped up or slowed the treadmill, and the researchers measured how quickly people’s legs responded.

The body, remember, wants things to be easy. When you increase or decrease the speed of your walking or running, various physiological changes occur; the amount of oxygen in your blood rises or falls, for instance, because your muscles start requiring more or less of the stuff. Other biochemical changes also occur within muscle cells. Sensing those changes, the body realizes that, at this new speed, your cadence isn’t ideal; you’re taking too few or too many steps to use the least possible amount of energy. Your body adjusts.

But that process takes a little while, at least five seconds or so for the oxygen levels to change and your body to recognize the alteration, says Max Donelan, a professor at Simon Fraser University who was a co-author of the study with his graduate student Mark Snaterse and others.

However, the walkers in the study were adjusting their step frequency within less than two seconds after the treadmill speed changed, Dr. Donelan points out. They then fine-tuned their pacing after that. But the first adjustment came almost instantly.

The same process occurred when the researchers repeated the experiment with runners. If the treadmill speed changed, the runners’ step frequency shifted almost immediately, too fast for internal physiology to have played much of a role.

These intsy adjustments suggest that our brains very likely contain huge libraries of preset paces, Dr. Donelan and his colleagues have concluded, of idealized, “physiologically efficient” step cadences for any given speed and condition. It seems probable, in fact, that over our lifetimes, Dr. Donelan says, our brains develop and store countless templates for most pacing situations. We learn and remember what cadence allows us to use the least energy at that speed, and when we reach that speed, we immediately default to our body’s most efficient pace.

Just how the brain recognizes that we are moving at any particular speed is not completely understood, Dr. Donelan says, but almost surely involves messages from the eyes, feet, ears, nervous system, skin and other bodily systems.

Interestingly, it seems to be quite difficult to fool your brain. When Dr. Donelan and his colleagues draped shower-curtain-like enclosures around the front of a treadmill, projected a virtual reality scene of a hallway onto it and then manipulated people’s sense of the speed with which they were moving through the hallway, they found that people’s step frequency would quickly change to match this supposed new speed. But then they would settle back into their former cadence, even as the virtual hallway continued to move past them at unnatural speed.

Visual cues simply were not strong enough to affect pacing for long.

But the scientists have found one signal that does seem effectively to override the body’s strong pull toward its preferred ways of moving: a strongly rhythmic beat. When Dr. Donelan and his colleagues fitted runners or walkers with headphones tuned to a metronome, they found that they could increase or decrease volunteers’ step frequency, even if that frequency was faster or slower than a person’s preferred step pattern. They would also maintain that pace for as long as the metronomic rhythm continued unaltered. The volunteers aligned their movement to the beat.

In practical terms, this finding suggests that music may be one of the best ways to affect the pace of your running or walking, especially if you are trying to maintain a pace with which you are not familiar or which feels awkward. Want to start jogging faster than you have in the past? Load your iPod with uptempo music, Dr. Donelan suggests (although obviously ease into any changes in training slowly, to lessen the risk of injuries).

Dr. Donelan and his colleagues even have recently launched an iPhone app called Cruise Control that allows people to coordinate their pacing with their playlists. Input your preferred running or walking speed and the app skims your music library (nonjudgmentally; if you like Nickelback, that’s your business) and strings together songs with the requisite beat, even subtly altering the tempo of songs, if needed.

But of course, if you’re comfortable with your pace as it is, stick with it. For me, the most stirring message of these recent experiments is that, left to its own devices, your body will almost always obligingly try to choose the least demanding pace for you, a goal with which I’m happy to fall into step.

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