Wednesday, October 26, 2011

Dow up 162 | 787 gets first passengers | Freddie Mac chief leaving | Gupta pleads not guilty | Top 1% getting richer

 Wednesday, Oct. 26, 2011 • chicagotribune.com business newsletter
By Margaret O'Brien, BizWrap columnist

CLOSING BELL
DJIA 11,869.04 +162.42 | NDQ 2,650.67 +12.25 | S&P 1,242.00 +12.95

Stocks rose
as details from the European summit to resolve the debt crisis began to emerge: MORE>>



TOP BUSINESS NEWS
Freddie Mac Chief Executive Charles E. "Ed" Haldeman Jr. will step down by the end of the year: MORE>>

Illinois House members join Senate colleagues in voting to adopt changes to vetoed smart grid legislation: MORE>>

jjFirst paying passengers make flight on a Boeing 787: MORE>>
 • Boeing ups 2011 forecast as profit jumps 31 percent: MORE>>

Illinois contracts with Zipcar for state employees: MORE>>

Goldman director Rajat Gupta, who once headed the Chicago office of McKinsey & Co., pleads not guilty in insider trading scheme: MORE>>

Exelon's third-quarter profit tumbled 29 percent on a series of one-time charges, including the costs of Hurricane Irene: MORE>>
 • Acco shares soar more than 17 percent on strong earnings: MORE>>
 • Hospira swings to loss amid production slowdown: MORE>>
 • Ford turns profit for ninth straight quarter, still no dividend: MORE>>

From 1979 to 2007, household income for the nation's top 1 percent tripled. Middle-class incomes grew by less than 40 percent: MORE>>

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


TALKING BUSINESS
"I'd like to create an integrated television set that is ... seamlessly synched with all of your devices and … will have the simplest user interface you could imagine. I finally cracked it," former Apple CEO Steve Jobs told biographer Walter Isaacson before his death earlier this month: MORE>>


IN OTHER NEWS
What difference does a day make? Here, about 25 degrees: MORE>>

jjChicago man once thought to be one of John Wayne Gacy's victims found alive and well in Florida: MORE>>

Authorities investigating how a 33-year-old Chicago man got on a plane without a boarding pass at Midway Airport: MORE>>

President Barack Obama outlines a plan allowing millions of student loan recipients to lower their payments
: MORE>>
 • Rising tuition taking a bigger bite of family incomes: MORE>>

Clouds still in the air in Oakland, Calif., where police used tear gas on Occupy Wall Street protesters Tuesday night. Police in Atlanta took on protesters Wednesday morning (NYT): MORE>>

Gadhafi's son and intelligence chief want to surrender: MORE>>

Tenth Tibetan monk sets himself on fire to protest religious controls in China: MORE>>

The flu vaccines we're lining up for may not be that effective: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Jen Weigel explores whether single workers get stuck with more work, in Lessons for Life: MORE>>


SPORTS FIX

Two Cubs fans claim they spotted Ryne Sandberg on Michigan Avenue. In town for talks about being manager?: MORE>>
 • The "Starbucks guy" who spotted Theo Epstein vindicated: MORE>>

Weather forces delay of Game 6 of the World Series: MORE>>

NBA negotiations resume today: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjVeteran television commentator Andy Rooney, 92, who recently left "60 Minutes," hospitalized in serious condition: MORE>>

Maya Rudolph is playing Oprah on "Up All Night," even if she doesn't know it: MORE>>
 • Steve Johnson: Rosie refusing to play it safe: MORE>>

A pathologist says Amy Winehouse consumed a "very large quantity of alcohol" prior to her death: MORE>>



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

Weather |
Chilly air of Canadian origin blasts across the city area, bringing temperatures down as low as 42. 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
 • Diners ordering more water, fewer drinks
 • Cargill: Canola crop threatened by disease
 • New home sales up in September
 • Wal-Mart returns fashion office to Arkansas
 • RIM delays Playbook update
 • Nokia shows its first Windows phones

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