Monday, October 24, 2011

Dow up 105 | Steve Jobs revelations | Healthy Caterpillar | Virgin Hotels buys Loop building | McRib returns | Madonna's homeless brother

 Monday, Oct. 24, 2011 • chicagotribune.com business newsletter
By Zoe Galland, BizWrap columnist

CLOSING BELL
DJIA 11,913.62 +104.83 | NSDQ 2,699.44 +61.98 | S&P 1,254.19 +15.94

Caterpillar's jump.
Stocks rose after strong earnings from Caterpillar and a number of proposed acquisitions, with the Nasdaq pushed into positive territory for the year: MORE>>



TOP BUSINESS NEWS
jjSteve Jobs biography provides revealing details about the bitter divide between Apple and Google: MORE>>
 • Jobs on Android: "I'm willing to go to thermonuclear war on this": MORE>>
 • And on Microsoft founder Bill Gates: "Unimaginative": MORE>>

Virgin Hotels has purchased the Old Dearborn Bank Building in the East Loop: MORE>>

Sears to offer free shipping for the holidays: MORE>>
 • FedEx forecasts a happy holiday season: MORE>>

McDonald's
McRib, the pork sandwich that likes to play hard to get, is coming back: MORE>>

Interesting survey finds that daily deal sites like Groupon are mostly appealing to younger and more affluent consumers: MORE>>
 • Groupon embarks on its IPO roadshow: MORE>>

Troubled homeowners to get more help from White House: MORE>>

Google forced to submit to third-party privacy audits for the next 20 years: MORE>>

Cool-sounding smartphone app aims to reduce stress by measuring user's breathing rate: MORE>>
 • Apple's Siri is still giving hilarious answers to weird questions (Business Insider): MORE>>

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


TALKING BUSINESS
jj
"Not to be crude, but there’s a Jewish mafia, and a WASP mafia, and an Irish mafia up in Boston. They hire their own; they socialize among their own," says fallen hedge fund billionaire Raj Rajaratnam in a fascinating interview about his insider trading conviction. Among other things, Rajaratnam says he found the culture of Wall Street difficult to break into as a South Asian: MORE>>

IN OTHER NEWS
jjNurses picket Mayor Rahm Emanuel's City Hall office after two of them were arrested during Occupy Chicago weekend protests: MORE>>
 • More photos from the Occupy Chicago protests: MORE>>

Baby found in shopping bag at a church in Schaumburg: MORE>>

Probably not a good sign that Michele Bachmann's entire campaign staff in New Hampshire has resigned: MORE>>

Citing "credible threats," U.S. envoy leaves Syria: MORE>>
 • Syrian protesters face tough security as they flood streets in days after Gadhafi's death: MORE>>

Death toll in Turkey earthquake nears 300: MORE>>


LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
President Barack Obama's financial advisers say he will probably exceed all of his campaign's fundraising goals despite being at his lowest point yet in popularity polls. More from the LATimes blog Politics Now: MORE>>


SPORTS FIX

Hooray, Theo Epstein is meeting the Cubs' staff at Wrigley Field today: MORE>>

Brad Biggs' 10 things to take away from the Bears' London victory Sunday over Tampa Bay: MORE>>


LATEST SPORTS NEWS >>


OFF THE CLOCK
jj"Paranormal Activity 3" scares off box-office competition: MORE>>
 • Salma Hayek and Antonio Banderas come to Chicago to promote kids' film: MORE>>
 • Kim Kardashian lands gig in new Tyler Perry movie: MORE>>

Bewildering to learn that Madonna has a homeless brother: MORE>>

Loretta Lynn
hospitalized with pneumonia: 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 mid-40s, and warm tomorrow, with a high of 72. 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
 • Mattel buys Thomas the Tank Engine
 • Business borrowing picks up in September
 • Caterpillar 3Q profit rises 44%
 • Harley to recall more than 300K motorcycles
 • Insurer Cigna to buy HealthSpring for $3.8B
 • Sara Lee sells majority of coffee biz for $350M
 • Wal-Mart introduces price matching

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