 | | Tuesday, Aug. 30, 2011 • chicagotribune.com business newsletter |  |
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CLOSING BELL
DJIA 11,559.95 +20.70 | NSDQ 2,576.11 +14.00 | S&P 1,212.92 +2.84
Shrugging it off. Stocks reversed earlier declines sparked by a disappointing consumer confidence report, as investors continued to see value in beaten-down prices: MORE>>
TOP BUSINESS NEWS
 Home prices in the Chicago area rose 3.2 percent in June, though they remain at mid-2001 levels: MORE>>
• Shares of homebuilders rise on news that home prices improved in 18 other U.S. cities: MORE>>
Whole Foods to open "Wellness Club" in Chicago: MORE>>
Daily Herald to become first newspaper in Chicago area to charge regularly for digital access: MORE>>
Sara Lee taps beer executive to lead coffee business: MORE>>
Feds accuse Joseph Cook, president of the Illinois village of Channahon, of not filing tax returns: MORE>>
• Coincidentally, Channahon itself was targeted in a lawsuit last week alleging a tax-avoidance kickback scheme: MORE>>
Barnes & Noble predicts sales of its Nook and e-books will more than double to $1.8 billion this year: MORE>>
Exxon wins prized access to Arctic with Russia deal: MORE>>
LATEST BUSINESS NEWS >> | SEND US A NEWS TIP >>
TALKING BUSINESS
"Chinese economic dominance is more imminent and more broad-based than is currently recognized," said Arvind Subramanian, a senior fellow at a Washington think tank. His new book suggests that China's yuan could overtake the U.S. dollar as the world's principal reserve currency as soon as next decade: MORE>>
IN OTHER NEWS
 Former Vice President Dick Cheney's memoir creates more buzz after he reveals he offered to resign three times in 2004: MORE>>
• Obama clashes with Boehner over government regulatory costs: MORE>>
Chicago Public Schools chief unveils beefed up curriculum: MORE>>
New York Mayor Michael Bloomberg's broken Spanish inspires funny Twitter parody account: MORE>>
"Survivor" contestant considers run for Indiana governor: MORE>>
Actress Daryl Hannah arrested near the White House: MORE>>
New Jersey and Vermont continue to recover from Irene, with the latter planning to airlift food and water to cut-off towns: MORE>>
Syrian forces reportedly kill at least six more people during protests Tuesday: MORE>>
• The regime's tactics also appear to include hijacking Columbia University's Facebook wall: MORE>>
LATEST CHICAGO AND NATIONAL NEWS >>
IN THE BLOGOSPHERE
Over at the New York Times blog DealBook, Andrew Ross Sorkin writes about Apple founder Steve Jobs' apparent lack of philanthropy. Despite accumulating an estimated $8.3 billion fortune, Sorkin says, there is no public record of Jobs giving money to charity: MORE>>
SPORTS FIX
University of Iowa to honor slain Navy SEAL, whose dog lay near his casket as he was laid to rest: MORE>>
Venus Williams shakes off rust to win in U.S. Open's first round: MORE>>
LATEST SPORTS NEWS >>
OFF THE CLOCK
 Hope Solo, Ron Artest and Ricki Lake to twirl and dip on Season 13 of "Dancing with the Stars": MORE>>
• Artest says he'll pay parking tickets that are keeping him from becoming Metta World Peace: MORE>>
Former flames Justin Timberlake and Jessica Biel go for bike ride in Toronto: MORE>>
Chicago bluesman "Honeyboy" Edwards dies at age 96: MORE>>
HEADED OUT?
Traffic | See current information on area highways, buses, trains and planes on our commuting page: MORE>>
 Weather | Cloudy, with a 30 percent chance of showers, and lows in the mid-60s. See our weather page with radar and Tom Skilling's seven-day forecast: MORE>>
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