Wednesday, November 16, 2011

Dow down 190 | Giordano's sold | OfficeMax closing stores | Emanuel's $6.3B budget passes | Bell ringers taking plastic

 Wednesday, Nov. 16, 2011 • chicagotribune.com business newsletter
By Margaret O'Brien, BizWrap columnist

CLOSING BELL
DJIA 11,905.59 -190.57 | NDQ 2,639.61 -46.59 | S&P 1,236.92 -20.89

Stocks fell as warnings about the impact of Europe's debt crisis on the global economy kept investors cautious, but optimism about the U.S. economy limited losses: MORE>>



TOP BUSINESS NEWS
jjGiordano's pizza chain auctioned off to venture capital group for $61.6 million: MORE>>

Lawson Products moving its headquarters and 400 workers from suburbs to Chicago: MORE>>

Struggling OfficeMax will close more stores, shrink existing ones, curb expansion and look for more ways to cut costs: MORE>>

Midwest farmland prices
hit the highest level in 30 years: MORE>>

Chicago-based BrightTag launches tool to let Web users opt out of online advertising data collections: MORE>>

Volkswagen Passat
named Motor Trend Car of the Year: MORE>>
 • Can cars really get 54.5 mpg by 2025?: MORE>>

 Oil hits $100 a barrel for first time since July: MORE>>

Don't have any change on you? Salvation Army bell ringers will happily accept credit cards this year: MORE>>

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


TALKING BUSINESS
"These are challenging jobs under challenging circumstances and we need to pay and reward the people who are doing the jobs," said Michael J. Williams, chief executive of Fannie Mae, defending $13 million in incentive pay for Fannie Mae's and Freddie Mac's top executives: MORE>>


IN OTHER NEWS
Mayor Rahm Emanuel's first budget passes unanimously: MORE>>
 • Cook County overtime crackdown targets lunches, vacation: MORE>>

jjFuneral being held today for a 10-year-old Downstate Illinois girl who killed herself amid teasing by her classmates: MORE>>

Daughter of former mayor Richard Daley moves up wedding for ailing mother: MORE>>

Police arrested a 21-year old man suspected of shooting a bullet at the White House last weekend: MORE>>

Poll shows more Americans want health care law repealed than those who want to keep it: MORE>>

President Barack Obama tries to reassure China after announcing plans to boost U.S. military presence in Australia: MORE>>

Outcry over deadly roads in China after 18 nursery school children died when a truck slammed into their overcrowded school van: MORE>>

The source of low levels of radioactive iodine-131 detected in several European countries during the past few weeks still a mystery: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Tribune photographer Alex Garcia shares his favorite iPad apps for photographers, in Assignment Chicago: MORE>>


SPORTS FIX

Phil Rogers: For many White Sox fans, the idea of Mark Buehrle pitching for the Cubs is a nightmare scenario. But it's not outside the realm of possibility: MORE>>

Former Red Sox manager Terry Francona will not be the next manager of the Cubs, he says: MORE>>

Penn State football coach Joe Paterno transferred full ownership of his house to his wife for $1 four months ago: MORE>>
 • Costas: Sandusky interview came as a surprise: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjAlinea received the only three-star rating in the 2012 Michelin Guide Chicago. Other rankings were similar to last year: MORE>>

Gout no laughing matter for Jim Belushi: MORE>>

George Clooney's "Descendants" is lovely, funny and sad, says Michael Phillips, who gives it four stars: MORE>>
 • Clooney's old "Sexiest Man Alive" title for 2011 goes to ... : MORE>>

Woman drops paternity suit against Justin Bieber: MORE>>


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

Weather |
The first hard freeze is expected across much of the metro area tonight. Low of 24. 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
 • Pepsi to launch 60-calorie Next cola in spring
 • Nokia plans Windows 8 table for June 2012
 • FHA could need taxpayer bailout next year
 • Hyde Park apartment complex sells for $159M
 • Nokia plans to undercut Windows phones
 • Citigroup to cut at least 3,000 jobs
 • Morningstar adds new layer to fund star system
 • Zell's Equity a lead bidder for rival Archstone

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