Tuesday, September 20, 2011

Dow up 7 | $400 bag fees | Italy downgraded | Facebook makeover | Data: Wealthy do pay taxes

 Tuesday, Sept. 120, 2011 • chicagotribune.com business newsletter
By Margaret O'Brien, BizWrap columnist

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CLOSING BELL
DJIA 11,408.66 +7.65 | NSDQ 2,590.24 -22.59 | S&P 1,202.09 -2.00

Stocks pushed higher as investors were cautiously optimistic that the U.S. Federal Reserve will offer more economic stimulus and that Greek debt talks were progressing: MORE>>



TOP BUSINESS NEWS
It turns out the wealthiest people in America pay a lot more taxes than the middle class or the poor, data show: MORE>>

jjThe first Walmart Neighborhood Market opens tomorrow at Presidential Towers: MORE>>

White House plan to save postal jobs would end Saturday delivery: MORE>>

United, Continental bag fees hit $400 for some flights: MORE>>
 • United, Huntleigh settle last remaining Sept. 11 lawsuit: MORE>>

The Wrigley Building's buyers have committed to significant renovations: MORE>>

Chicago-based GrubHub raises $50 million in a new round of funding for two acquisitions: MORE>>

Prime Minister Silvio Berlusconi blasted the downgrading of his Italy's debt by ratings agency Standard & Poor's: MORE>>
 • IMF warns of "dangerous new phase" for global economy: MORE>>

Facebook undergoing a major makeover, including music and mobile advances: MORE>>
 • Google+ now open to everybody: MORE>>

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


TALKING BUSINESS
"At certain times, that vault will be full, and we have to look for other Fed facilities," said, David Beck, senior vice president of the Federal Reserve Bank of Richmond, about growing stockpiles of unused dollar coins. A 2005 law requires the Fed to keep ordering them despite low usage: MORE>>


IN OTHER NEWS
jjCTA plans "SWAT team" approach to cleaning and repairing train stations: MORE>>

Vandals pillage Miles Davis' boyhood home in Illinois: MORE>>

FBI searching for woman who threatened a teller at a downtown bank branch this morning and fled with cash
: MORE>>

Military's "Don't Ask, Don't Tell" policy officially ends: MORE>>

President Barack Obama urges Gadhafi forces to give up, pledges aid for Libya: MORE>>

Former Afghan president, who was heading the Afghan peace council, killed in his home in Kabul: MORE>>

Keep one eye on the sky Friday. NASA predicts 1 in 3,200 chance a person will get hit by piece of falling satellite: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
The Wrigley Building never secured landmark status, which will make protecting the architectural treasure that much more difficult, says critic Blair Kamin in Cityscapes: MORE>>


SPORTS FIX

Ozzie Guillen hopes to find out if he's staying with the White Sox before leaving of trip to Spain: MORE>>

Steve Rosenbloom: Lovie Smith never thought about pulling Jay Cutler in the final minutes of the "Slaughter in the Superdome": MORE>>

 • 52 pass plays to 11 handoffs doesn't cut it: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjChicago architect Jeanne Gang, creator of the Aqua building, wins MacArthur genius grant: MORE>>

Wrigley Field to see actual crowds in October: MORE>>

Chaz Bono moved with more ease than Nancy Grace on season opener of "Dancing with the Stars." First elimination tonight: MORE>>

 • Ashton Kutcher softens edge of "Two and Half Men": MORE>>


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

Weather |
Warmest afternoon in 10 days and likely the warmest of any in the coming weeks. High of 74. See our weather page with radar and Tom Skilling's seven-day forecast: MORE>>



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