Friday, October 21, 2011

Dow up 267 | IPO values Groupon at $10B | McCormick Place labor deals | Smaller packs of gum | Chicken McBites

 TGIF, Oct. 21, 2011 • chicagotribune.com business newsletter
By Margaret O'Brien, BizWrap columnist

CLOSING BELL
DJIA 11,808.79 +267.01 | NDQ 2,637.46 +38.84 | S&P 1,238.25 +22.86

Wall Street hit its highest levels since early August on optimism ahead of this weekend's summit of European leaders to tackling the region's debt crisis and as strong earnings from blue chips lifted investor sentiment: MORE>>



TOP BUSINESS NEWS
Groupon's plan to raise up to $540 million with a public stock offering values the company at about $10 billion: MORE>>

jjLabor deals reached with key McCormick Place unions, ending a long-running period of uncertainty for the convention center: MORE>>

Kraft and Wrigley offering cheaper, smaller packs of gum to boost sales: MORE>>

McDonald's plans to roll out its chicken McBites nationally: MORE>>
 • McDonald's third-quarter profit jumps 9 percent: MORE>>

Abbott hepatitis C therapy showing early promise: MORE>>
 • Report: Abbott to pay $1.3 billion to settle Depakote suits: MORE>>

Wal-Mart is rolling back health care coverage for part-time workers and raising premiums for many full-time staff: MORE>>

Foreign buyers scooping up U.S. homes: MORE>>

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


TALKING BUSINESS
"This is not something you want late in your life. ... But now Murdoch must live with this blotch, this stain on his reputation, and it won't be easy to erase," said veteran media analyst Harold Vogel: MORE>>


IN OTHER NEWS
jjF-16s escort civilian plane that lost radio contact after taking off from Chicago: MORE>>

The reputed No. 2 leader for the Latin Kings was sentenced to 40 years in federal prison: MORE>>

Lawyers for William Cellini said the Springfield power broker wants to testify on his own behalf: MORE>>

President Barack Obama said the U.S. will pull all troops out of Iraq by the end of this year: MORE>>

Moammar Gadhafi caught like a "rat" in a drain before being humiliated and shot: MORE>>
 • U.N., activists urge inquiry into Gadhafi's death: MORE>>
 • Killing fuels protests in Syria: MORE>>

The 2-year-old who was run over by two vehicles and ignored by a passerby, sparking outrage in China, has died: MORE>>


Mobile phones don't hike cancer risk, Danish study says: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Smartphones with GPS tracking features, combined with some new apps, can help parents worried about keeping tabs on their kids during Halloween, says the LA Times Technology blog: MORE>>


SPORTS FIX

Major League Baseball commissioner Bud Selig may have to mediate Epstein negotiations between the Cubs and Red Sox: MORE>>

Bears in London: Cricket, sleep, Hester's "treat": MORE>>
 • It's finally easy to bet on the Bears: MORE>>

Lion player's failed trade may save his life: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjNot surprisingly, Tokidoki Barbie, which has multiple tattoos, is stirring up controversy: MORE>>

Chicagoan Bob Newhart marks 50 years in deadpan comedy: MORE>>

Apple's iPod launched 10 years ago, and it wasn't always on an upward trajectory: MORE>>



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

Weather |
Sunshine returns after three completely cloudy days. High of 55. 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
 • Morningstar predicts bankruptcy for American
 • J.D. Powers lowers 2012 sales forecast
 • 'Too big to fail' critic gets FDIC post
 • BP closer to drilling new Gulf wells
 • Cole Taylor bank parent pulls in $9.8M in 3Q
 • Dover profit beats expectations
 • AAR to buy rival Teleflex

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