Monday, October 31, 2011

Bankruptcy judge rejects plans for Tribune Co.

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Bankruptcy judge rejects plans for Tribune Co.

The judge in Tribune Co.'s bankruptcy case rejected two competing plans for reorganizing the company Monday, leaving the Chapter 11 proceeding unresolved after nearly three contentious years in court.



Copyright (c) 2011, Chicago Tribune

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911 tape released in Skokie double slaying

Skokie authorities say the calm voice on a 911 tape is Miguel Renteria, telling a dispatcher that he killed his daughter and granddaughter with a knife.

First of three CTA budget hearings to be held Wednesday First of three CTA budget hearings to be held Wednesday

The first of three hearings for the public to comment on the Chicago Transit Authority’s proposed 2012 budget will be held Wednesday.

Man charged in murder-for-hire plot to kill daughter, charged in second crime Man charged in murder-for-hire plot to kill daughter, charged in second crime

A Steger man charged with trying to get someone to murder his adopted daughter after she accused him of sexually assaulting her for four years faces another predatory sexual assault charge involving a second alleged victim, prosecutors said today in court.

Quinn says he's no pal of lawmakers Quinn says he's no pal of lawmakers

Gov. Pat Quinn said today it’s not his job to be “pals” with lawmakers, saying he won’t be a “go-along, get-along” leader.

Wisconsin bishops to parishioners: Keep concealed weapons out of church Wisconsin bishops to parishioners: Keep concealed weapons out of church

Wisconsin's bishops are urging parishioners to keep their concealed weapons out of church.

Truman College briefly evacuated after bomb threat Truman College briefly evacuated after bomb threat

Students at Truman College were evacuated for several hours from the North Side school as officials searched the building after receiving a bomb threat, police said.

Autopsy: Boy, 6, died of head injuries when television set fell on him Autopsy: Boy, 6, died of head injuries when television set fell on him

A 6-year-old boy died of head injuries when a 36-inch television fell on him in the basement of his Arlington Heights home, officials said, ruling the death an accident.

Burr Oak Cemetery manager sent to prison for 12 years Burr Oak Cemetery manager sent to prison for 12 years

The convicted ringleader of the macabre Burr Oak Cemetery burial plot-reselling scheme turned herself in today to begin serving her 12-year prison sentence, authorities said.


Copyright (c) 2011, Chicago Tribune

Dow down 276 | MF Global goes bankrupt | Motorola Mobility layoffs | Barnes & Noble tablet | Cain 'falsely accused' | Population 7 billion

 Monday, Oct. 31, 2011 • chicagotribune.com business newsletter
By Zoe Galland, BizWrap columnist

CLOSING BELL
DJIA 11,955.01 -276.10 | NSDQ 2,684.41 -52.74 | S&P 1,253.30 -31.79

Unhappy Halloween. Stocks ended the month on a downbeat note as enthusiasm over the agreement to tackle the euro zone debt crisis waned and a spike in the U.S. dollar hurt commodity-related shares: MORE>>



TOP BUSINESS NEWS
jjMF Global, the first American financial casualty of the European debt crisis, files for bankruptcy: MORE>>
 • CME Group bars some MF Global staff from its trading floors: MORE>>
 • Photos: The largest U.S. bankruptcies since 1980: MORE>>

Motorola Mobility
to cut 800 jobs, including 185 in Illinois: MORE>>

Barnes & Noble
expected to unveil tablet next week: MORE>>

NBC
to enhance local news at 10 television stations, including in Chicago: MORE>>

ComEd reportedly will seek a lower rate hike: MORE>>

President Barack Obama signs order to relieve drug shortages: MORE>>

Bernie Madoff's son says he didn't suspect his father of running a Ponzi scheme: MORE>>

Macy's and Target plan earlier Black Friday openings: MORE>>

Rivals Netflix and Amazon unveil separate deals with Walt Disney to license movies and TV shows: MORE>>

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


TALKING BUSINESS
"Being in the airline business is so much cooler than being a partner in a law firm," said United Continental CEO Jeff Smisek, who discussed his airline's challenges in a Tribune interview. Smisek's big hurdle is integrating two behemoths with complementary businesses but radically different corporate cultures: MORE>>

IN OTHER NEWS
jjLatest round of GOP presidential candidate madness has Herman Cain saying he was "falsely accused" of sexual harassment in '90s: MORE>>
 • Cain's "smoking man" ad is still a hot viral video on the Web: MORE>>

Northern Illinois University campus building evacuated after bomb threat: MORE>>

Illinois high schools aren't looking too impressive based on a new federal formula for education performance: MORE>>
 • See if your school made the Chicago-area's top 50: MORE>>
 
BizWrap, who waited almost an hour for a train this weekend, plans to tweet some rude things at the CTA's new Twitter account: MORE>>

East Coast
residents still stunned by winter storm in October: MORE>>


World's population reaches 7 billion
: MORE>>

Fascinating and promising study looks at mosquitoes that fight dengue fever by passing on DNA that kills their own children: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Congress is fully engaged this week, with the House and Senate in session and a menu of legislative offerings as Democrats and Republicans struggle to dominate the jobs front -- perhaps the top issue among voters. More from the LATimes blog PoliticsNow: MORE>>


SPORTS FIX

Why the Bears are unlikely to give Matt Forte a multiyear deal: MORE>>

Shaquille O'Neal writes in autobiography that Kobe Bryant’s sexual assault charges in 2003 destroyed the Lakers (Deadspin): MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjAfter a whole 72 days of marriage, Kim Kardashian and Kris Humphries are getting a divorce: MORE>>
 • In this difficult time, the Kardashian family asks that you talk about this endlessly: MORE>>

Children's film "Puss in Boots" tops box office: MORE>>
 
 • But investors aren't that impressed and send Dreamworks' shares down: MORE>>

 
Conan O'Brien to officiate gay wedding on his show: MORE>>

Hilary Swank fires entire staff after Chechen PR disaster: MORE>>



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

Weather |
Mostly clear, with lows in the upper 30s overnight. See our weather page with radar and Tom Skilling's seven-day forecast: MORE>>



RSS US
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
 • Chicago PMI: Economy slowly growing
 • Etrading firm seeks piece of Groupon IPO
 • KapStone completes U.S. Corrugated buy
 • Honda to cut U.S., Canada production by half
 • Qantas resumes flights after labor dispute
 • CNA Financial losses weigh on Loews
 • Home prices may be heading for triple-dip

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Copyright (c) 2011, Chicago Tribune