Monday, November 21, 2011

Dow down 249 | MF Global gets uglier | First lady booed | Supercommittee collapse | Former AIG head sues U.S.

 Monday, Nov. 21, 2011 • chicagotribune.com business newsletter
By Zoe Galland, BizWrap columnist

CLOSING BELL
DJIA 11,547.31 -248.85 | NSDQ 2,523.14 -49.36 | S&P 1,192.98 -22.67

Admitting defeat. Stocks tanked as worries about heavy debt loads both domestically and abroad increased uncertainty in an already volatile market: MORE>>



TOP BUSINESS NEWS
jjThe collapse of a special deficit-reduction supercommittee promises to set off yet another round of the Washington blame game: MORE>>
 • Newt Gingrich calls the supercommittee collapse "good for America": MORE>>

MF Global trustee says the bankrupt company's missing funds could now exceed $1.2 billion: MORE>>

Veteran media blogger (and Evanston resident) Jim Romenesko kicks off new website with a tell-all blog post: MORE>>

Former AIG head Hank Greenberg has a funny way of thanking the U.S. for saving the insurance giant in 2008: MORE>>

Higher costs could affect almost every aspect of Thanksgiving: MORE>>

60 percent of workplaces say they block online shopping at the office: MORE>>

EPA set to delay greenhouse gas limits on oil refineries: MORE>>

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


TALKING BUSINESS
"BlackBerry has not really fallen from the top spot in so much as other smartphones have grown faster," said the iPass Global Mobile Workforce Report, which found that Apple's iPhone is the top smartphone among mobile workers, coming in ahead of the struggling BlackBerry: MORE>>


IN OTHER NEWS
jjUC Davis places police chief on administrative leave in wake of controversy over the pepper-spraying of student protesters: MORE>>
 • Hilarious Internet meme shows pepper-spraying cop working his way through art history: MORE>>

CTA doubles number of security cameras at "L" stops‎: MORE>>

First lady Michelle Obama and Jill Biden draw boos at a NASCAR event‎: MORE>>

U.S. to announce new sanctions against Iran: MORE>>
 • At least 22 dead as police and protesters clash in Egypt: MORE>>

 • Gunmen attack Turkish buses in Syria; 2 wounded: MORE>>
 
After discovering that aging can be delayed in mice, scientists are frustrated by effort to find financing (NYTimes): MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
MarketWatch's blog Take on Tech comments on the news that the 122-year reign of the 35-millimeter film projector is about to come to an end, with digital movie projectors about to be used in a majority of theaters around the world: MORE>>


SPORTS FIX

Bears coach Lovie Smith believes Jay Cutler will return before the season ends: MORE>>
 • But the quarterback will undergo surgery on his right thumb and be out an extended period of time: MORE>>

Penn State picks ex-FBI director Louis Freeh for investigation: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjAdorable Western lowland gorilla born at Lincoln Park Zoo, the first of the endangered species born there since 2005: MORE>>

Completely ludicrous new "Twilight" film takes huge bite out of global box office
: MORE>>

It's Mila Kunis' turn to enjoy the Marine Corps Ball after accepting a sergeant's invitation
: MORE>>

Comedienne Chelsea Handler thinks Ashton Kutcher and Demi Moore had an open marriage: MORE>>



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

Weather |
Mostly cloudy, with temperatures nearly steady in the lower 40s. 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
 • Cahill leaving editor role at Crain's
 • Spirit Airlines hit with $50K fine over Tweets
 • GM to revive Saturn plant with Equinox
 • Google to cut Chromebook prices up to 30%
 • U.S. probes cyber attack on Ill. water system
 • Existing home sales up double-digits in Oct.
 • Gates to testify in $1B lawsuit against Microsoft

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