Wednesday, September 21, 2011

Dow down 283 | Lefkofsky makes Forbes list | United revamps Mileage Plus | Buffett fundraiser for Obama | NFL to fine fakers

 Wednesday, Sept. 21, 2011 • chicagotribune.com business newsletter
By Margaret O'Brien, BizWrap columnist

CLOSING BELL
DJIA 11,124,84 -283.82 | NSDQ 2,538.19 -52.05 | S&P 1,166,76 -35.33

The Dow and the S&P 500 fell after the Federal Reserve announced its latest program to aid the flagging economy: MORE>>



TOP BUSINESS NEWS
The Federal Reserve said it would launch a new $400 billion program to aid to the beleaguered U.S. economy: MORE>>
 • Moody's downgrades three of the United States' top banks: MORE>>

United Continental has revamped its frequent-flier program to cater to avid travelers and those who buy pricey tickets: MORE>>

jjGroupon co-founder Eric Lefkofsky joins Forbes list of the richest Americans at number 265: MORE>>
 • The richest Chicagoans who made the list: MORE>>

Sales of existing single-family homes and condos in the Chicago area posted double-digit gains, but prices continue to fall: MORE>>

Warren Buffett to host Obama fundraiser in Chicago. Dine with the Oracle for just $35,800 a plate: MORE>>
 • Just a little shy of the sinking middle-class income: MORE>>

Caterpillar continues to beat the drum on corporate taxes: MORE>>

Cost of raising a child nears $227,000
-- and that's before college tuition: MORE>>

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


TALKING BUSINESS
"Respectfully, we submit that the board should resist further extraordinary interventions in the U.S. economy," said a letter sent by Republican leaders in Congress to Federal Reserve Chairman Ben Bernanke: MORE>>


IN OTHER NEWS
jjThe Illinois Tollway gave the green light to a $69 million interchange at Route 47 and I-90 in Huntley: MORE>>

Former Chicago police officer accused of lying in claim that motorist threw a bottle at her: MORE>>

Authorities deny
condemned man's request for a polygraph test ahead of planned execution Friday:MORE>>

President Barack Obama rejected Palestinian plans to seek U.N. blessing for statehood: MORE>>

Two Americans freed from a Tehran prison
after more than two years in custody have been flown out of Iran: MORE>>

Typhoon in Japan
leaves 13 dead or missing: MORE>>

The bodies of 35 people with suspected links to organized crime were dumped in a Mexican port city: MORE>>

Scientists have discovered a gene responsible for more than a third of inherited cases of Lou Gehrig's disease: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
As grunge turns 20, Greg Kot reminisces about a time when Nirvana was an opening act, in Turn It Up: MORE>>


SPORTS FIX

Aramis Ramirez said he doesn't plan to talk to Tom Ricketts about his desire to stay, saying the Cubs have to come to him first: MORE>>
 • Manager Mike Quade believes he will return in 2012: MORE>>

NFL memo: Fakers will be fined: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjGuinness names a 27-inch tall Illinois college student named the world's shortest woman: MORE>>

Where to find the Midwest's best corn mazes: MORE>>


To be booted first from "Dancing with the Stars" comes with a special badge of shame: MORE>>

R.E.M. decides to "call it a day" as a band: MORE>>



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

Weather |
Temperatures drop off noticeably tonight and scattered showers are possible. Low of 48. See our weather page with radar and Tom Skilling's seven-day forecast: MORE>>



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You can subscribe to an automatic feed of the latest Chicago Tribune business headlines. View them in your RSS reader or in your browser's tool bar. It's easy, just click here: MORE>>
 
LATEST CHICAGO BUSINESS HEADLINES
 • McPier eyes new uses for Lakeside Center
 • FeeFighters expands into online payments
 • HP board considers ousting CEO
 • Local gas utilities slip in customer satisfaction
 • Retailers predict not-so-jolly holiday
 • Walmart opens at Presidential Towers
 • Court OKs bankruptcy for Saab
 • SABMiller strikes $10B deal for Foster's

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