Business news for Mon, 24 Dec 2007 & with word job. 3 news.

Ten months into his job as president and CEO, Paul Whelton outlined for Loyola's board last week a five-year plan to spend up to $500 million to extend Loyola's reach in the fast-growing western suburbs, revitalize its medical center in Maywood and build a new research facility to lure big-name faculty.

A major Valley real estate broker shut its doors just days before Christmas, leaving 350 agents without a home, and about 20 salaried employees without a job.

The Atlanta office of media buying and planning agency OMD is scaling down. The company is shutting down its newspaper unit in Atlanta after losing AT&T Inc. (formerly Cingular Wireless) as a client in October when the company consolidated its estimated $2.3 billion account at WPP Group's Mediaedge:cia. All employees that worked on AT&T's newspaper business will be out of a job Dec. 21, according to sources close to the situation. The OMD Atlanta office will remain open, housing about 30 employees who will service the remaining accounts, including the Georgia Lottery, Randstad, Icelandair and Bayer Advanced. Dale Travis will remain general manager of the Atlanta office. Bryan Jackson and Steve Rubinacci, formerly with OMD Atlanta, have moved over to Mediaedge:cia Atlanta to continue their work in print.