Thursday, October 20, 2011

Dow up 37 | More Giordano's | Groupon on Nasdaq | 10% unemployment | Gadhafi video | Theo Epstein, maybe

 Thursday, Oct. 20, 2011 • chicagotribune.com business newsletter
By Zoe Galland, BizWrap columnist

CLOSING BELL
DJIA 11,541.78 +37.16 | NSDQ 2,598.62 -5.42 | S&P 1,215.39 +5.51

Looking for direction.
The Dow and S&P 500 rose slightly after a joint statement by France and Germany eased some jitters about resolving the European debt crisis: MORE>>



TOP BUSINESS NEWS
jjGroupon to list shares on the Nasdaq under the ticker symbol "GRPN," Reuters reports: MORE>>
 • News comes a day after the onetime daily deal darling sees valuation take a nosedive: MORE>>

More information emerges about the bidders for Giordano's: MORE>>


Illinois' unemployment rate edges up to 10 percent: MORE>>
 • Looks like the state legislature is getting corporate tax cuts ready for CME Group and CBOE: MORE>>

Barnes & Noble now selling electronics, furniture and rugs: MORE>>

Food-price inflation expected to hit 30-year high: MORE>>

The New York Times
boosted digital subscribers in the third quarter, but its overall ad revenue dropped anyway: MORE>>

Medicare hike to cut into Social Security increase: MORE>>
 • IRS boosts maximum 401(k) contribution to $17,000: MORE>>

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


TALKING BUSINESS
"Facebook is obviously an amazing product that's gotten big. But I'm not sure everything is social," says LinkedIn co-founder Reid Hoffman, rather cavalierly dismissing Facebook as a social network competitor during a tech conference: MORE>>

IN OTHER NEWS
jjLibyan dictator Muammar Gaddafi killed as revolutionaries storm his hometown: MORE>>
 • Secretary of State Hillary Clinton's first reaction: "Wow": MORE>>
 • Graphic video purports to show Gadhafi's body: MORE>>

Crazy waves and winds damage 20 boats at Monroe Harbor: MORE>>

Panel backs Chicago Teachers Union in school day dispute: MORE>>

The Field Museum's restrooms are apparently the most pristine in the country: MORE>>

Indiana man miraculously walks away from car crash after semi-truck crushes his minivan: MORE>>

Carla Bruni-Sarkozy delivers a first daughter for France: MORE>>

After nearly half a century of violence in its struggle for independence, Spain's ETA halts its campaigns: MORE>>


LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
jjA day after an Ohio man released wild animals from his preserve, leading to over 50 of them being killed, the heartbroken founder and director of a wildlife refuge in California says she would have gladly accepted the animals and describes how her sanctuary works. More from the LATimes blog Nation Now: MORE>>
 • Exotic animal owner was bitten in the head after suicide: MORE>>


SPORTS FIX

Boston Red Sox general manager Theo Epstein to maybe be announced as Cubs president on Friday: MORE>>

The marathon NBA bargaining sessions are taking their toll on Commissioner David Stern's health: MORE>>


LATEST SPORTS NEWS >>


OFF THE CLOCK
jj"Boss," which stars Kelsey Grammer as the mayor of Chicago, is getting great reviews so far: MORE>>
 • Julia Child's 1960s cooking show "The French Chef" to be offered by Amazon's streaming video service: MORE>>

Sony
won't release Kathryn Bigelow's movie about Osama bin Laden's death until after the 2012 presidential election: MORE>>

Actor Jonah Hill breaks up with longtime girlfriend: MORE>>


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

Weather |
Mostly cloudy in the evening, then clearing, with lows in the mid-30s. 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
 • Strong railcar demand carries GATX in 3Q
 • Greece OKs austerity measures needed for aid
 • UAW at Belvidere rejects Chrysler contract
 • Panel calls for food labels rating fat, sugar
 • Rate on 30-year fixed mortgage falls to 4.11%
 • Allstate's Q3 disaster losses top $1 billion
 • Lawmakers fight discrimination against jobless

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