Tuesday, October 25, 2011

Dow down 207 | Balking on tax breaks for exchanges | Chicago home prices climb | Netflix shares tank | World awaits 7 billionth person

 Tuesday, Oct. 25, 2011 • chicagotribune.com business newsletter
By Margaret O'Brien, BizWrap columnist

CLOSING BELL
DJIA 11,706.62 -207.00 | NSDQ 2,638.42 -61.02 | S&P 1,229.05 -25.14

Stocks fell as discouraging corporate outlooks cast a pall over the economy's prospects, while fresh doubts arose about European efforts to find a solution to the debt crisis: MORE>>

 • IMF may participate in EU bailout fund: MORE>>


TOP BUSINESS NEWS
Republican lawmakers are balking at the proposed tax breaks for Chicago's financial exchanges: MORE>>

AMA study finds most metro areas lack competitive health insurance market: MORE>>

jjChicago home prices climb for fourth consecutive month, but remain lower than last year: MORE>>

Netflix shares drop nearly 40 percent as subscribers flee: MORE>>

Judge tells Allstate it can't pursue suit against Countrywide: MORE>>

Illinois Senate passes ComEd "trailer" bill: MORE>>
 • Vote held up on CME, CBOE tax breaks: MORE>>

Illinois Tool Works reported a 22 percent jump in profit, helped by demand for welding products and auto parts: MORE>>
 • PrivateBancorp shares leap with earnings: MORE>>
 • United Continental expected to post profit this week: MORE>>

Ford tumbles in Consumer Reports quality survey: MORE>>

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


TALKING BUSINESS
"Our product is not a pill. Our product is a health outcome," says Walgreen Chief Executive Greg Wasson in pricing dispute with Express Scripts: MORE>>


IN OTHER NEWS
Closing arguments begin in trial of power broker William Cellini. Prosecutors: "He was an extorter": MORE>>

jjFor the first time in nearly seven years, the aurora borealis was visible here. Here are slides: MORE>>

Mannequins representing dead pedestrians dot Wacker Drive in safety awareness campaign: MORE>>

Republican presidential candidate Rick Perry outlined a plan to let Americans pay a flat 20 percent income tax rate: MORE>>
 • Herman Cain going for the smoker vote?: MORE>>

Up to 20 tons of debris sucked into the ocean during Japan's massive tsunami is due to hit U.S. shores: MORE>>

Gadhafi and son buried in unmarked desert graves: MORE>>

Two-week-old baby rescued two days after Turkey earthquake: MORE>>
 • World awaiting its 7 billionth person: MORE>>

U.S. vaccine advisers recommend Gardasil HPV shot for boys: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Three Chicago restaurants get near-perfect ratings from Zagat. Details in The Stew: MORE>>


SPORTS FIX

Introduced as the Cubs' president of baseball operations, Theo Epstein says, "It truly feels great to be a Cub today": MORE>>
 • What about Crane Kenney?: MORE>>
 • Epstein bids farewell to Boston in column: MORE>>

At least 102 more basketball games to be cancelled as NBA plans to delay season two more weeks: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjArt Institute moon sculpture will shine over Millennium Park and environs throughout the darkest days of the year: MORE>>

Suit by two Chicago rockers claims Poison stole four songs: MORE>>

"Boss,” the new Starz series starring Kelsey Grammer as a manipulating Chicago mayor, opens to mediocre viewership: MORE>>

Matt Damon to reteam with Ben Affleck on mobster flick: MORE>>



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

Weather |
Unseasonable late-season warmth with highs nearly 16 degrees above normal. 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
 • GE recalls some range tops over explosion risk
 • iPads, tablets high on holiday wish lists
 • U.S. manufacturers sound warning on Europe
 • Chicago commercial finance firm raises $318M
 • Target website crashes for 2nd time in 6 weeks

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