Thursday, September 1, 2011

Dow down 119 | U.S. auto sales up | iPhone 5 prototype lost | Google offers first deal

 Thursday, Sept. 1, 2011 • chicagotribune.com business newsletter
By Margaret O'Brien, BizWrap columnist

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CLOSING BELL
DJIA 11,493.57 -119.96 | NSDQ 2,546.04 -33.42 | S&P 1,204.42 -14.47

Stocks were lower in see-saw trading on light volume as investors paused after a four-day rally and awaited Friday's payrolls report: MORE>>



TOP BUSINESS NEWS
Major automakers posted double-digit U.S. sales gains for August from year-earlier levels: MORE>>

jjSomeone lost an iPhone 5 prototype in a bar. Must be close to launching: MORE>>

Google offers its first Groupon-like deal: MORE>>

A former Chicago developer who converted hotels in Chicago and other cities was arrested on federal tax evasion charges: MORE>>

Discover buys $2.5 billion in student loans from Citi: MORE>>

Only 8 percent of business leaders believe the economy will improve in the next six months: MORE>>

U.S. mortgage rates
hover at record lows: MORE>>

Twelve items that didn't last long at McDonald's (Yahoo): MORE>>
 • McDonald's food you can't get in the United States: MORE>>

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


TALKING BUSINESS
"I'm not going to hire anyone, white or black, with saggy pants," said Florida state Sen. Gary Siplin of Orlando who pushed a severe anti-saggy pants law through Florida's legislature: MORE>>


IN OTHER NEWS
jjFree bus, train rides end for most older transit customers: MORE>>

Federal prosecutors say they have discussed a possible plea deal for Wrigley bomb suspect: MORE>>

Mail-delivered source of illness on Illinois Air Force base may remain a mystery: MORE>>

After spat with Speaker John Boehner, President Barack Obama agreed to move his jobs speech to Congress to Sept. 8: MORE>>

Memorial inscription makes Martin Luther King look like an "arrogant twit," says Maya Angelou: MORE>>

Leaders of the Libyan uprising meet with world leaders in Paris to map out rebuilding of Libya: MORE>>
 • Moammar Gadhafi vows to keep fighting: MORE>>

Australian authorities have identified the remains of infamous bushranger Ned Kelly, 131 years after he was hanged: MORE>>

People with extra copies of certain genes are much more likely to be very skinny, researchers say: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Hoping to lure top talent to remake Navy Pier, pier officials began an international search for a team of architects and other designers, reports Cityscapes: MORE>>


SPORTS FIX

Red Sox GM Theo Epstein didn't say no to the idea of joining the Cubs, but Tom Ricketts will have to be prepared to overpay: MORE>>

Bears have put running back Harvey Unga on the reserve/left squad list: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjSix Flags Great America will open its 2012 season with a new wing-style roller coaster, X-Flight: MORE>>

Superman loses the red trunks in DC Comics' makeover of its superheroes (Wired): MORE>>



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

Weather |
Unusually strong late-season hot spell could set Chicago area up for its warmest September open in 58 years. High of 94. See our weather page with radar and Tom Skilling's seven-day forecast: MORE>>



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