2012 stock report: Pains and gains

If you invested heavily in Illinois companies that provide consulting services, you had little reason to celebrate in 2012.

While the Standard & Poor's 500 index ended the year up 13 percent, most large businesses in the region that counsel other companies on how to improve their operations saw their stock prices drop.

Business support services was one of the few sectors getting clobbered in a 2012 Tribune ranking of Illinois and northwest Indiana stocks' performance.

Stock prices gained at about 70 percent of the 127 companies on the list, and about half outperformed the S&P 500. Bank owners such as Taylor Capital Group emerged from their 2011 doldrums, and Ulta Salon Cosmetics & Fragrance Inc. and Discover Financial Services marked their second consecutive year of soaring stock prices.

The year's biggest decliner, down 76 percent, was Groupon, as once-torrid revenue growth at the daily deals offerer started slowing.

Career Education was the second-worst performer; its stock fell 56 percent. The highly scrutinized for-profit school chain said it would close campuses and cut jobs amid sinking revenue and financial losses.

Sectors boosted by broad gains in 2012 included electrical parts and equipment, industrial machinery, and specialty chemicals.

Of seven Illinois banks on the list, all but one outperformed the S&P 500, with price appreciation of those six ranging from 16 to 86 percent.

In contrast, stocks of four of five professional services firms — Navigant Consulting, Huron Consulting Group, Heidrick & Struggles International and R.R. Donnelley & Sons — closed down 2 to 38 percent.

Each had its own set of issues.

Navigant's services, for example, include advising companies that face disputes, litigation and investigations, including government probes, as well as businesses that need help valuing potential mergers and acquisitions.

"You see fewer government investigations during an election year, as regulators are leaving their jobs, and they don't want to start new ones," said Tobey Sommer, a SunTrust Robinson Humphrey analyst. "Also, worries about the 'fiscal cliff' slowed M&A because CEOs didn't want to look foolish acquiring a company in September ahead of the fiscal cliff when they might have been able to buy it for 20 percent less in January had we gone off."

Meanwhile, Heidrick's troubles included a slowing market for executive searches. In early 2012, analysts expected Heidrick's annual earnings to be in the range of about $1.30 per share. It appears that it will earn closer to 57 cents a share.

Huron's earnings estimates during 2012 were also trimmed, to about $2.10 from about $2.40 a share as the timing of fee payments to its health care consulting business proved volatile.

"Its underlying demand is strong," but an increasing number of clients had signed contracts where a larger portion of revenue was contingent on the outcome of Huron's consulting work, said Randle Reece, analyst with Avondale Partners LLC. That made it harder for the company and the analysts who cover it to predict the timing of revenues, since they are deferred.

For investors interested in "Dumpster diving," Morningstar Inc. considers Exelon, WMS Industries and Caterpillar to be high quality yet undervalued this year, said Heather Brilliant, chief equities strategist.

Navigant is among the region's beaten-down stocks liked by stock research firm EVA Dimensions LLC. "Its fundamentals are improving, and it's really cheap," said EVA analyst Andrew Zamfotis.

Best of the best

Here are the top three stock gainers of 2012:

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Family friend: Man 4th sibling to be killed by gunfire

At the north end of the 1100 block of South Mozart Street in the Lawndale neighborhood, two people were shot. One also died there, police said. (Posted Jan. 26th, 2013)

A man slain on the West Side early this morning had two brothers and a sister who also were fatally gunned down in the city, according to a close family friend.

"He was the last one," said Laverne Smith, 30, who said his mother no longer has any children. "I know she's hurting."

Smith said it's unthinkable this could have happened again to the family.

"It's ridiculous," Smith said. "We need to get the guns off the street and build a good life for our babies. We need to really get together and stop fighting."

Smith heard loud gunfire about 2 a.m. and ran outside in the 1100 block of South Mozart Street to find her close friend Ronnie Chambers shot in the head. He died in her arms.

"All his siblings passed a long time ago," Smith said. "It was a hysterical thing."

Smith said she also knew Ronnie Chambers' sister, LaToya Chambers, and had grown up with them in the Cabrini Green neighborhood on the Near North Side. LaToya was a classmate of hers, about two years ahead, at the Edward Jenner school.

LaToya was killed at age 15 on April 26, 2000. Her brothers Carlos and Jerome also were gunshot victims, Carlos at age 18 shortly after Thanksgiving in 1995 and Jerome at age 23 on July 26, 2000.

Chambers' mother Shirley told the Tribune's Dawn Turner Trice in 2000 that "I have one child left, and I'm afraid that [the killing] won't stop until he's gone too."

According to that 2000 story, Ronnie has these tattoos on his forearms to remind him of his dead siblings: A crucifix with a ribbon draped across it commemorates Carlos; a tombstone with a crucifix and blood says R.I.P. for Jerome; and another tombstone with a cross is for LaToya.

"They say you can't outrun death, but I can try to dodge it," Ronnie said then. "I don't even try to live day by day anymore; it's more like second by second."

"He was my everything," Smith said of Ronnie's death. "I lost a part of me."

"Nothing that anyone can say can make me feel better," said Smith, who said Chambers was recently on the Ricki Lake show and was trying to help an aspiring rapper, YK.

Smith said Ronnie, whose nickname was "Scooby," had been "trying to change his life."

Ronnie Chambers had just returned from a promotion or listening party for YK when the shooting occurred.

Smith stood crying at one end of a vacant lot in the Lawndale neighborhood on the West Side early this morning while Chambers lay covered by a white sheet behind a maroon van at the other end.

Chambers, 33, of Chicago, had been in the driver's seat of the van, which had just arrived in the 1100 block of South Mozart Street when one person, probably two, opened fire, police said. Chambers was identified by family members at the scene and later by police. 

Smith wore a pink blood-stained shirt under a pink jacket, white pants dotted with drops of blood, and pink sandals. She paced the crime scene, at the north end of Mozart Drive where it ends at Fillmore Street, letting out occasional screams and leaning on her friend for support.

"I held him, they had to pry me from him," she said, crying. "He was breathing, gasping."

At least one other man, 21, was inside the van when the shooting started, police said. He had jumped from the front passenger seat to the back, quick thinking that police said probably saved his life. He was wounded in the thigh and taken to Mount Sinai Hospital. Police did not say how many people were inside the van. They also did not say exactly how many shooters there were, but did say seven shots were fired.

The shooting happened across the street from Safer Foundation North Lawndale, an Illinois Department of Corrections transitional facility for adults with criminal records, and half a block west of a fire station.

Family and friends, none of whom wanted to give their names, circled the north end of the scene, marked by yellow tape hung around trees, light poles and cop cars.

A young man at the scene who refused to give his name but said he saw the shooting called the gun used a "big boy."

"Look at that (bullet) hole," the young man said, motioning to the passenger side door on the van. "That's a full nickel."

An east-facing car sat abandoned in the T intersection formed by Mozart and Fillmore. Police weren't sure whether the people who abandoned the car were involved in the shooting or freaked out and fled the scene. Police found casings from two weapons – one a rifle – whose bullets had entered the van from both sides.

"He was gangsta with his (expletive)," the man said of the individual or individuals who did the shooting. "He knew what he was doing."

Despite his apparent proximity to the attack, he explained to a detective that he could not help police do their jobs. He later complained to a supervisor about their response time – he said 27 minutes but police said 3. Police said that they received one 911 call about shots being fired in the area.

A 16-year-old boy who said he was with the victims when the shooting happened wandered around the lot, looking toward the ground most of the time. He looked emotionally spent after being held by police for a short time at the scene.

"I just want to go home," he said, though he had no ride home. "It just happened so fast. I'm tired of explaining myself."

In another fatal overnight shooting, three men were shot about 4 a.m. outside of a diner at the corner of Wallace Street and Pershing Road in the Bridgeport neighborhood on the South Side, police said. Two men died at the scene.

pnickeas@tribune.com

Twitter: @PeterNickeas

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Samsung puts lid on capex for the first time since financial crisis

SEOUL (Reuters) - Samsung Electronics Co turned cautious on spending for the first time since the global financial crisis, keeping its annual investment plan unchanged at 2012 levels, as demand for computer chips wanes and the smartphone market slows.

Samsung, one of the industry's most aggressive spenders, has ramped up capital expenditure every year since 2004 except 2009 to meet soaring demand for its array of consumer electronics and mobile devices. It sold a record 700,000 smartphones a day in the last quarter.

But with the personal computer market shrinking for the first time in 11 years, the global smartphone market growing more slowly, and Apple Inc moving to buy fewer of Samsung's microprocessors used in the iPhone and iPad, the South Korean IT giant is now forced to keep a lid on spending.

"Overall its earnings momentum remains intact, and smartphone shipments will continue to grow even in the traditionally weak first quarter, as Samsung's got a broader product line-up and Apple appears to be struggling in pushing iPhone volumes aggressively," said Lee Se-chul, a Seoul-based analyst at Meritz Securities.

Samsung, which reported a record quarterly and annual profit on Friday, said it would keep 2013 capital expenditure unchanged from 2012.

"The key word for us in investment in 2013 is flexibility. We'll decide as the market demand dictates," Robert Yi, head of Samsung's investor relations, told analysts.

Data from the company shows Samsung started to slow down planned investment in the last quarter.

Samsung said it spent 4.4 trillion won in October-December, pushing its 2012 investment to a record 23 trillion won ($21.5 billion). But the company said in October that it was on course to spend 25 trillion won in 2012.

Analysts had expected a 4-20 percent cut in Samsung's 2013 capital spending.

By contrast, Taiwanese rival TSMC is planning to raise its capital expenditure to $9 billion this year, aimed in part at winning Apple orders away from Samsung.

Shares in Samsung fell 2.1 percent as of 0250 GMT, lagging a 1.1 percent decline in the wider market.

RECORD EARNINGS

Samsung had poured money into factories to boost production of chips and panels used in Apple products and its Galaxy range devices, pushing its operating profit to 8.84 trillion won in the last quarter. The 89 percent increase from a year earlier was in line with its earlier estimate.

Profit at its mobile devices division, which makes phones, tablets and cameras, more than doubled to 5.44 trillion won in the quarter from a year earlier, lifted by a broader offering of smartphones - from the very cheap to the very expensive.

The division accounted for 62 percent of Samsung's overall fourth-quarter profit, up from 55 percent a year earlier.

Samsung is also seeing strong sales of its Note phablet, which analysts expect to help Samsung get through any seasonal weakness better than rivals.

Samsung, which doesn't provide a breakdown of smartphone sales, is estimated to have sold around 63 million smartphones in the last quarter, including 15 million Galaxy S IIIs and 7 million Note IIs.

The company also said 2012 operating profit rose 86 percent to an all-time high of 29 trillion won.

SAMSUNG VS APPLE

Samsung sold 213 million smartphones last year and enlarged its share of the global market to 30.4 percent from around 20 percent in 2011, a report by market research firm Strategy Analytics showed on Friday. The sharp increase reflects Samsung's aggressive marketing of its wide product range.

Apple's share of the market rose slightly to 19.4 percent from 19.0 percent in 2011, according to the report.

Globally, sales of smartphones surged 42.7 percent last year to 700 million, Strategy Analytics said.

Samsung said on Friday it expects the global smartphone segment to shrink in January-March from the seasonally strong fourth quarter, and that growth of the overall handset market will slow to the mid single-digits this year.

The forecast is in line with industry estimates, with signs of a slowdown having already emerged.

Apple shipped 47.8 million iPhones in the three months ended December, a record that nonetheless disappointed many analysts accustomed to years of outperformance. The Cupertino, California-based company also missed Wall Street's revenue forecast for a third straight quarter as iPhone sales lagged expectations.

Apple shares have dropped by more than a third since mid-September as investors fret that its days of hyper growth are over and its devices are no longer as 'must-have' as they were.

By contrast, shares in Samsung have risen 12 percent in the same period as the company once seen as quick to copy the ideas of others now sets the pace in innovation.

At the world's biggest electronics show in Las Vegas this month, Samsung unveiled a prototype phone with a flexible display that can be folded almost like paper, and a microchip with eight processing cores, creating a buzz that these may be used in the next Galaxy range.

"It's very probable to us that the Exynos 5 Octa (processor) will find its way into the Galaxy S4," UBS analyst Nicolas Gaudois wrote in a recent note.

"It also looked as if the curved display is close enough to finished product. We came away even more convinced that displays will provide significant differentiation to Samsung devices, and application processors will materially grow over time," Gaudois said. ($1 = 1066.2000 Korean won)

(This story corrects 19th paragraph to show Apple's 2012 smartphone market share rose slightly according to Strategy Analytics.)

(Reporting by Miyoung Kim; Editing by Ryan Woo)

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Azarenka beats Li, defends Australian Open title

MELBOURNE, Australia (AP) — Victoria Azarenka had the bulk of the crowd against her. The fireworks were fizzling out, and when she looked over the net she saw Li Na crashing to the court and almost knocking herself out.

Considering the cascading criticism she'd encountered after her previous win, Azarenka didn't need the focus of the Australian Open final to be on another medical timeout.

So after defending her title with a 4-6, 6-4, 6-3 victory over the sixth-seeded Li in one of the most unusual finals ever at Melbourne Park, Azarenka understandably dropped her racket and cried tears of relief late Saturday night.

She heaved as she sobbed into a towel beside the court, before regaining her composure to collect the trophy.

"It isn't easy, that's for sure, but I knew what I had to do," the 23-year-old Belarusian said. "I had to stay calm. I had to stay positive. I just had to deal with the things that came onto me."

There were a lot of those things squeezed into the 2-hour, 40-minute match. Li, who was playing her second Australian Open final in three years, twisted her ankle and tumbled to the court in the second and third sets.

The second time was on the point immediately after a 10-minute delay for the Australia Day fireworks — a familiar fixture in downtown Melbourne on Jan. 26, but not usually coinciding with a final.

Li had been sitting in her chair during the break, while Azarenka jogged and swung her racket around before leaving the court to rub some liniment into her legs to keep warm.

The 30-year-old Chinese player had tumbled to the court after twisting her left ankle and had it taped after falling in the fifth game of the second set. Immediately after the fireworks ceased, and with smoke still in the air, she twisted the ankle again, fell and hit the back of her head on the hard court.

The 2011 French Open champion was treated immediately by a tournament doctor and assessed for a concussion in another medical timeout before resuming the match.

"I think I was a little bit worried when I was falling," Li said, in her humorous, self-deprecating fashion. "Because two seconds I couldn't really see anything. It was totally black.

"So when the physio come, she was like, 'Focus on my finger.' I was laughing. I was thinking, 'This is tennis court, not like hospital.'"

Li's injury was obvious and attracted even more support for her from the 15,000-strong crowd.

Azarenka had generated some bad PR by taking a medical timeout after wasting five match points on her own serve in her semifinal win over American teenager Sloane Stephens on Thursday. She came back after the break and finished off Stephens in the next game, later telling an on-court interviewer that she "almost did the choke of the year."

She was accused of gamesmanship and manipulating the rules to get time to regain her composure against Stephens, but defended herself by saying she actually was having difficulty breathing because of a rib injury that needed to be fixed.

That explanation didn't convince everybody. So when she walked onto Rod Laver Arena on Saturday, there were some people who booed, and others who heckled her or mimicked the distinctive hooting sound she makes when she hits the ball.

"Unfortunately, you have to go through some rough patches to achieve great things," she said. "That's what makes it so special for me. I went through that, and I'm still able to kiss that beautiful trophy."

She didn't hold a grudge.

"I was expecting way worse, to be honest. What can you do? You just have to go out there and try to play tennis in the end of the day," she said. "It's a tennis match, tennis battle, final of the Australian Open. I was there to play that.

"The things what happened in the past, I did the best thing I could to explain, and it was left behind me already."

The match contained plenty of nervy moments and tension, and 16 service breaks — nine for Li. But it also produced plenty of winners and bravery on big points.

Azarenka will retain the No. 1 ranking she's mostly held since her first Grand Slam win in Melbourne last year.

Li moved into the top five and is heartened by a recent trend of Australian runner-ups winning the French Open. She accomplished that in 2011, as did Ana Ivanovic (2008) and Maria Sharapova (2012).

"I wish I can do the same this year, as well," Li said.

Later Saturday, Bob and Mike Bryan won their record 13th Grand Slam men's doubles title, defeating the Dutch team of Robin Haase and Igor Sijsling 6-3, 6-4.

Sunday's men's final features two-time defending champion Novak Djokovic and U.S. Open winner Andy Murray. Djokovic is seeking to become the first man in the Open era to win three titles in a row in Australia.

Azarenka was planning a night of partying to celebrate her second major title, with her friend Redfoo and the Party Rock crew, and was hopeful of scoring some tickets to the men's final.

She said she needed to let her hair down after a draining two weeks and hoped that by being more open and frank in recent times she was clearing up any misconceptions the public had of her.

"When I came first on the tour I kind of was lost a little bit," he said. "I didn't know how to open up my personality. It's very difficult when you're alone. I was independent since I was, you know, 10 years old. It was a little bit scary and I wouldn't show my personality.

"So the (last) couple of years I learned how to open up to people and to share the moments. I wasn't really good before. I hope I got better. It's your judgment."

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Kutcher takes on tech idol Steve Jobs in ‘jOBS’

PARK CITY, Utah (AP) — Ashton Kutcher says playing Steve Jobs on screen “was honestly one of the most terrifying things I’ve ever tried to do in my life.”

The 34-year-old actor helped premiere the biopic “jOBS” Friday, which was the closing-night film at the Sundance Film Festival.

Kutcher plays the Apple Inc. founder from the company’s humble origins in the 1970s until the launch of the first iPod in 2001. A digital entrepreneur himself, Kutcher said he considers Jobs a personal hero.

“He’s a guy who failed and got back on the horse,” Kutcher said. “I think we can all sort of relate to that at some point in life.”

Kutcher even embodied the Jobs character as he pursued his own high-tech interests off-screen.

“What was nice was when I was preparing for the character, I could still work on product development for technology companies, and I would sort of stay in character, in the mode of the character,” he said. “But I didn’t feel like I was compromising the work on the film by working on technology stuff because it was pretty much in the same field.”

But playing the real-life tech icon who died in 2011 still felt risky, he said, because “he’s fresh in our minds.”

“It was kind of like throwing myself into this gauntlet of, I know, massive amounts of criticism because somebody’s going to go ‘well, it wasn’t exactly…,’” Kutcher said.

While the filmmakers say they tried to be as historically accurate as possible, there was also a disclaimer at the very end of the credits that said portions of the film might not be completely accurate.

Still, realism was always the focus for Kutcher, who watched “hundreds of hours of footage,” listened to Jobs’ past speeches and interviewed several of his friends to prepare for the role.

The actor even adopted the entrepreneur’s “fruitarian diet,” which he said “can lead to some serious issues.”

“I ended up in the hospital two days before we started shooting the movie,” he said. “I was like doubled over in pain, and my pancreas levels were completely out of whack, which was completely terrifying, considering everything.”

Jobs died of complications from pancreatic cancer.

Still, Kutcher was up to the challenge of playing Jobs, in part because of his admiration for the man who created the Macintosh computer and the iPod.

“I admire this man so much and what he’s done. I admire the way he built things,” Kutcher said. “This guy created a tool that we use every day in our life, and he believed in it when nobody else did.”

The film also shows Jobs’ less appealing side, withholding stock options from some of the company’s original employees and denying child support to the mother of his eldest child.

Kutcher still found the man inspiring. Jobs had a singular focus, Kutcher said, and felt like anyone could change the world.

“I don’t know if there’s ever been an entrepreneur who’s had more compassion and care for his consumer than Steve Jobs,” Kutcher said. “He wanted to put something in your hand that you could use and you could use it easily… and he really cared about that.”

___

AP Entertainment Writer Sandy Cohen is on Twitter: www.twitter.com/APSandy.

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CDC: Flu seems to level off except in the West

New government figures show that flu cases seem to be leveling off nationwide. Flu activity is declining in most regions although still rising in the West.

The Centers for Disease Control and Prevention says hospitalizations and deaths spiked again last week, especially among the elderly. The CDC says quick treatment with antiviral medicines is important, in particular for the very young or old. The season's first flu case resistant to treatment with Tamiflu was reported Friday.

Eight more children have died from the flu, bringing this season's total pediatric deaths to 37. About 100 children die in an average flu season.

There is still vaccine available although it may be hard to find. The CDC has a website that can help.

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CDC: http://www.cdc.gov/flu/

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Kutcher takes on tech idol Steve Jobs in 'jOBS'

PARK CITY, Utah (AP) — Ashton Kutcher says playing Steve Jobs on screen "was honestly one of the most terrifying things I've ever tried to do in my life."

The 34-year-old actor helped premiere the biopic "jOBS" Friday, which was the closing-night film at the Sundance Film Festival.

Kutcher plays the Apple Inc. founder from the company's humble origins in the 1970s until the launch of the first iPod in 2001. A digital entrepreneur himself, Kutcher said he considers Jobs a personal hero.

"He's a guy who failed and got back on the horse," Kutcher said. "I think we can all sort of relate to that at some point in life."

Kutcher even embodied the Jobs character as he pursued his own high-tech interests off-screen.

"What was nice was when I was preparing for the character, I could still work on product development for technology companies, and I would sort of stay in character, in the mode of the character," he said. "But I didn't feel like I was compromising the work on the film by working on technology stuff because it was pretty much in the same field."

But playing the real-life tech icon who died in 2011 still felt risky, he said, because "he's fresh in our minds."

"It was kind of like throwing myself into this gauntlet of, I know, massive amounts of criticism because somebody's going to go 'well, it wasn't exactly...,'" Kutcher said.

While the filmmakers say they tried to be as historically accurate as possible, there was also a disclaimer at the very end of the credits that said portions of the film might not be completely accurate.

Still, realism was always the focus for Kutcher, who watched "hundreds of hours of footage," listened to Jobs' past speeches and interviewed several of his friends to prepare for the role.

The actor even adopted the entrepreneur's "fruitarian diet," which he said "can lead to some serious issues."

"I ended up in the hospital two days before we started shooting the movie," he said. "I was like doubled over in pain, and my pancreas levels were completely out of whack, which was completely terrifying, considering everything."

Jobs died of complications from pancreatic cancer.

Still, Kutcher was up to the challenge of playing Jobs, in part because of his admiration for the man who created the Macintosh computer and the iPod.

"I admire this man so much and what he's done. I admire the way he built things," Kutcher said. "This guy created a tool that we use every day in our life, and he believed in it when nobody else did."

The film also shows Jobs' less appealing side, withholding stock options from some of the company's original employees and denying child support to the mother of his eldest child.

Kutcher still found the man inspiring. Jobs had a singular focus, Kutcher said, and felt like anyone could change the world.

"I don't know if there's ever been an entrepreneur who's had more compassion and care for his consumer than Steve Jobs," Kutcher said. "He wanted to put something in your hand that you could use and you could use it easily... and he really cared about that."

___

AP Entertainment Writer Sandy Cohen is on Twitter: www.twitter.com/APSandy.

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Shedd Aquarium looks to slice energy bill

Bob Wengel's job at Shedd Aquarium makes your typical thermostat war seem laughable.

For him, keeping everybody comfortable means manufacturing a 2 p.m. sunset for penguins attuned to the daylight rhythms of South America. It means maintaining 3 million gallons at a cool 58 degrees for blubber-laden whales while also satisfying tiny neon fish that won't tolerate less than 78 degrees.

"The first thing you've got to make sure is that your animals are happy," said Wengel, Shedd's vice president of facilities. "Then, your guests come next and, after that, the people who work here."

Until now it has also meant forking over $1.4 million for electricity and $154,000 for natural gas each year.

The Chicago cultural institution is in the early stages of a massive energy overhaul aimed at cutting energy consumption by half at the 83-year-old building. Under a plan developed pro bono by a public-private consortium, Shedd plans to swap out light bulbs, buy solar panels and sell "negawatts" (getting paid to power down) to the electrical grid to achieve its goal by 2020.

The idea: To create a road map other cultural institutions can follow.

"What we're talking about is bigger than the Shedd," said Mark Harris, president and CEO of the Illinois Science and Technology Coalition, which led the consortium that developed Shedd's energy saving plan.

The task won't be easy. Keeping 32,500 animals healthy, happy and well-lit takes a lot of, well, energy. Part zoo, part art space, the building is a life-support system for 1,500 species operating under the parameters of just about every time zone on the planet. Lighting clings to nearly every floor, ceiling and exhibit, mimicking sunlight, guiding visitors and attractively framing columns.

Most days a small ocean of water is chilled or run through heat exchangers, with excess heat released through cooling towers on the aquarium roof.

Staff members bike to work, diligently compost and exchange unwanted items instead of trashing them, and for years the aquarium has tracked its energy use and made changes where appropriate. Still, the energy consumed at Shedd has it claiming the carbon footprint of an endless 2,200-car traffic jam.

"If you ask me — 'What is sustainability?' — to someone like me who runs a facility, it's energy, waste, water," Wengel said.

In 2011, Shedd used so much energy that, if harnessed, it could power nearly 1,500 homes for a year.

If done right, Shedd's energy-shaving work will be mostly invisible.

Discerning visitors may notice a lighting change in Shedd's main entrance, where 600 light bulbs in the aquarium's octopuslike chandeliers were fitted this week with highly efficient LED bulbs, a change that will cut $7,000 a year off its electricity bills.

The sunlight that appears to grace the colorful, bustling exhibit of 450 reef dwellers just inside the main entrance is actually six LED lights that were first tested for their ability to mimic natural light.

"The solar on the rooftop will be visible," said Tom Hulsebosch, managing director for energy and utilities for West Monroe Partners in Chicago, the consulting firm that helped create Shedd's energy road map. "They might notice the subtlety of the LED lighting, but a lot of it is really behind the scenes."

Shedd's goal is to create an intelligent aquarium that is constantly communicating its energy needs to Wengel and his staff. That means letting them know in real time if a system is using more power than usual and where inefficiencies lie in everything from HVAC systems to life-support pumps.

According to the road map the coalition developed, the aquarium plans to participate in a program that pays big energy users to power down on days when the electric grid is strained by demand from air conditioners. But first that means finding out what in the aquarium can be safely powered down.

To start with, Shedd is installing individual meters on everything from lighting systems to chillers so it can track and analyze how and when energy is being used. From there it can determine which systems could safely be powered down without harming the animals or causing a disruption to patrons, and which could be used or timed differently to save money.

"They cannot compromise experience both on the visitor's side and on the animal side, and they cannot compromise performance because they have a life-support system they have to maintain. So just the fact that they can do this, with those huge barriers, is an incredible example," said Karen Weigert, chief sustainability officer for the city of Chicago, which worked with a coalition that developed the energy plan. Also part of the coalition were the Institute for Sustainable Energy Development and Citizens Utility Board.

The aquarium would simultaneously switch to a pricing scheme that rewards it for using the most energy at the times of day when demand is lowest and electricity prices are cheaper.

Also on the docket: solar panels with batteries for storing excess energy that could be sold back to the electric grid in the same way that power plants sell their power.

The plans are in line with that of Illinois, which in October 2011 approved a 10-year, $2.6 billion upgrade to the electrical grid that serves Shedd and the rest of the Chicago area. Half of that is being spent to create a smart grid that, according to ComEd, will bring 100-year-old electrical grid technology into the digital age, automatically reporting problems, rerouting power and eliminating the need for meter readers.

With a smart grid, Shedd could power up some systems while powering down others, and sell or buy electricity from the grid in real time according to the demands of the electrical grid.

To pay for these changes, Shedd plans to seek government grants and private donations. In time, say coalition members, those investments will reap dividends, financially, educationally and environmentally.

"The Shedd's in a unique position. It's been there for 100 years and it's going to be there for another 100 more; so, when you look at a 15-year return on investment, that's not too bad," Hulsebosch said.

jwernau@tribune.com

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More than 40 apply to replace Ald. Sandi Jackson

Ald. Sandi Jackson, 7th, sits between Ald. Roderick Sawyer, 6th, and Michelle Harris, 8th, during a Chicago City Council meeting in October 2012. (Nancy Stone, Chicago Tribune / October 31, 2012)

By John Byrne




Clout Street

5:29 p.m. CST, January 25, 2013

Mayor Rahm Emanuel received completed applications from 42 people who want to replace Sandi Jackson as 7th Ward alderman, the administration announced today.

The mayor's office did not release the names of those who applied online by today's 5 p.m. deadline. Emanuel will "soon"name a four-person panel with community representatives to vet the applicants and present him with a list of finalists, mayoral spokesman Tom Alexander said in a news release.

Emanuel hopes to pick Sandi Jackson's replacement by mid-February.

Ald. Jackson was 20 months into her second term when she resigned earlier this month as controversy continued to swirl around her husband, former U.S. Rep. Jesse Jackson Jr. He resigned shortly after his November re-election, citing his bipolar depression and acknowledging federal ethics probes into his use of campaign funds.

Sandi Jackson recently told supporters she wants her chief of staff to succeed her, prompting Emanuel to tell reporters Jackson was welcome to submit names via the online application.

This will be Emanuel's first chance to appoint an alderman, and he has said he hopes this type of process becomes the standard going forward.

jebyrne@tribune.com

Twitter @_johnbyrne

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Samsung puts lid on capex for the first time since financial crisis

SEOUL (Reuters) - Samsung Electronics Co turned cautious on spending for the first time since the global financial crisis, keeping its annual investment plan unchanged at 2012 levels, as demand for computer chips wanes and the smartphone market slows.

Samsung, one of the industry's most aggressive spenders, has ramped up capital expenditure every year since 2004 except 2009 to meet soaring demand for its array of consumer electronics and mobile devices. It sold a record 700,000 smartphones a day in the last quarter.

But with the personal computer market shrinking for the first time in 11 years, the global smartphone market growing more slowly, and Apple Inc moving to buy fewer of Samsung's microprocessors used in the iPhone and iPad, the South Korean IT giant is now forced to keep a lid on spending.

"Overall its earnings momentum remains intact, and smartphone shipments will continue to grow even in the traditionally weak first quarter, as Samsung's got a broader product line-up and Apple appears to be struggling in pushing iPhone volumes aggressively," said Lee Se-chul, a Seoul-based analyst at Meritz Securities.

Samsung, which reported a record quarterly and annual profit on Friday, said it would keep 2013 capital expenditure unchanged from 2012.

"The key word for us in investment in 2013 is flexibility. We'll decide as the market demand dictates," Robert Yi, head of Samsung's investor relations, told analysts.

Data from the company shows Samsung started to slow down planned investment in the last quarter.

Samsung said it spent 4.4 trillion won in October-December, pushing its 2012 investment to a record 23 trillion won ($21.5 billion). But the company said in October that it was on course to spend 25 trillion won in 2012.

Analysts had expected a 4-20 percent cut in Samsung's 2013 capital spending.

By contrast, Taiwanese rival TSMC is planning to raise its capital expenditure to $9 billion this year, aimed in part at winning Apple orders away from Samsung.

Shares in Samsung fell 2.1 percent as of 0250 GMT, lagging a 1.1 percent decline in the wider market.

RECORD EARNINGS

Samsung had poured money into factories to boost production of chips and panels used in Apple products and its Galaxy range devices, pushing its operating profit to 8.84 trillion won in the last quarter. The 89 percent increase from a year earlier was in line with its earlier estimate.

Profit at its mobile devices division, which makes phones, tablets and cameras, more than doubled to 5.44 trillion won in the quarter from a year earlier, lifted by a broader offering of smartphones - from the very cheap to the very expensive.

The division accounted for 62 percent of Samsung's overall fourth-quarter profit, up from 55 percent a year earlier.

Samsung is also seeing strong sales of its Note phablet, which analysts expect to help Samsung get through any seasonal weakness better than rivals.

Samsung, which doesn't provide a breakdown of smartphone sales, is estimated to have sold around 63 million smartphones in the last quarter, including 15 million Galaxy S IIIs and 7 million Note IIs.

The company also said 2012 operating profit rose 86 percent to an all-time high of 29 trillion won.

SAMSUNG VS APPLE

Samsung sold 213 million smartphones last year and enlarged its share of the global market to 30.4 percent from around 20 percent in 2011, a report by market research firm Strategy Analytics showed on Friday. The sharp increase reflects Samsung's aggressive marketing of its wide product range.

Apple's share of the market rose slightly to 19.4 percent from 19.0 percent in 2011, according to the report.

Globally, sales of smartphones surged 42.7 percent last year to 700 million, Strategy Analytics said.

Samsung said on Friday it expects the global smartphone segment to shrink in January-March from the seasonally strong fourth quarter, and that growth of the overall handset market will slow to the mid single-digits this year.

The forecast is in line with industry estimates, with signs of a slowdown having already emerged.

Apple shipped 47.8 million iPhones in the three months ended December, a record that nonetheless disappointed many analysts accustomed to years of outperformance. The Cupertino, California-based company also missed Wall Street's revenue forecast for a third straight quarter as iPhone sales lagged expectations.

Apple shares have dropped by more than a third since mid-September as investors fret that its days of hyper growth are over and its devices are no longer as 'must-have' as they were.

By contrast, shares in Samsung have risen 12 percent in the same period as the company once seen as quick to copy the ideas of others now sets the pace in innovation.

At the world's biggest electronics show in Las Vegas this month, Samsung unveiled a prototype phone with a flexible display that can be folded almost like paper, and a microchip with eight processing cores, creating a buzz that these may be used in the next Galaxy range.

"It's very probable to us that the Exynos 5 Octa (processor) will find its way into the Galaxy S4," UBS analyst Nicolas Gaudois wrote in a recent note.

"It also looked as if the curved display is close enough to finished product. We came away even more convinced that displays will provide significant differentiation to Samsung devices, and application processors will materially grow over time," Gaudois said. ($1 = 1066.2000 Korean won)

(This story corrects 19th paragraph to show Apple's 2012 smartphone market share rose slightly according to Strategy Analytics.)

(Reporting by Miyoung Kim; Editing by Ryan Woo)

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