Wednesday, August 24, 2011

Dow up 143 | $1 trillion deficit | Gold tumbles | Quaker oatmeal at BK | Lisle: Land of rich and single?

 Wednesday, Aug. 24, 2011 • chicagotribune.com business newsletter
By Margaret O'Brien, BizWrap columnist

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CLOSING BELL
DJIA 11,320.71 +143.95 | NDQ 2,467.69 +21.63 | S&P 1,177.60 +15.25

U.S. stocks edged higher, extending the previous day's 3 percent rally, in anticipation the Federal Reserve chief would hint of stimulus measures to aid the struggling economy: MORE>>



TOP BUSINESS NEWS
The United States is on track to accrue a deficit of more than $1 trillion for the third year in a row: MORE>>

jjGold tumbles more than $95 an ounce: MORE>>
 • Gail MarksJarvis: Pattern shows decline may be at hand: MORE>>

Lisle: The land of the rich and
single
?: MORE>>

Quaker oatmeal on breakfast menu at Burger King: MORE>>

After only a few months on the job, the head of Sears' Die Hard and Kenmore units resigning: MORE>>

Former Chicago hedge fund manager pleads guilty to $294 million fraud: MORE>>

China is waiting for Google's application for approval of its purchase of Motorola Solutions: MORE>>
 • Groupon's China venture closes offices, lays off hundreds: MORE>>

Facebook is making it easier for users to control who sees their information: MORE>>

Match.com agrees to conduct background checks and screen out known sex offenders in lawsuit settlement (LA Times): MORE>>

LATEST BUSINESS NEWS >> | SEND US A NEWS TIP >>


TALKING BUSINESS
"Companies are gaming the system and cheating Chicago's taxpayers. I have to be the voice for the taxpayers, and I will not tolerate this," said Chicago Mayor Rahm Emanuel: MORE>>


IN OTHER NEWS
jjDuPage County prosecutors will not pursue murder charges against killer Paul Runge because he already is serving life: MORE>>

Chicago Public Schools chief offers raises in exchange for longer school days: MORE>>

Evacuations begin in North Carolina as Hurricane Irene grows more menacing: MORE>>

Tuesday's East Coast earthquake cracked one of the stones at the top of the Washington Monument
: MORE>>
 • There were about 90 quakes yesterday (LA Times): MORE>>
 • A 6.8 magnitude quake hits Peru: MORE>>

Libya's new masters offers a $1 million bounty for the fugitive Moammar Gadhafi: MORE>>

North Korea ready to discuss nuclear moratorium: MORE>>

A Russian spacecraft
bringing supplies to six astronauts aboard the International Space Station burns up: MORE>>


Latest approved use for Botox: Bladder control: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Vince Vaughn, Fabio and Peter Billingsley (Ralphie from "A Christmas Story") make quite a crew at Horseshoe Casino boxing event. See who else has been seen around town in About Last Night: MORE>>


SPORTS FIX

Paul Konerko's 2,000th hit overshadowed by Sox's 5-4 loss: MORE>>

Blackhawks' Patrick Kane gets good news on wrist: MORE>>

Indiana college shelves the national anthem: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjTony Bennett celebrating his 85th birthday at Ravinia: MORE>>

Art Institute of Chicago taps insider as new director: MORE>>

FBI looks for links in David Letterman, Craig Ferguson threats: MORE>>

Will and Jada Pinkett Smith deny reported breakup: MORE>>


HEADED OUT?
Traffic | See current information on area highways, buses, trains and planes on our commuting page: MORE>>

Weather |
The area's first official 90-degree Chicago temperature in more than three weeks. Humid. High of 90. See our weather page with radar and Tom Skilling's seven-day forecast: MORE>>



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LATEST CHICAGO BUSINESS HEADLINES
 • Apple wins ban on some Samsung smartphones
 • Caterpillar to expand in China
 • Google forefeits $500M in online drug ads
 • Unilever selling Alberto V05 brand
 • Illinois gets $5.1M to set up insurance exchange
 • Sprint may be getting iPhone 5 in fall

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