Tuesday, November 1, 2011

Dow down 297 | MF used client money | BofA retreats on $5 fee | Peanut butter prices soar | Mobile carriers selling your info

 Tuesday, Nov. 1,, 2011 • chicagotribune.com business newsletter
By Margaret O'Brien, BizWrap columnist

CLOSING BELL
DJIA 11,657.96 -297.05 | NSDQ 2,606.96 -77.45 | S&P 1,218.28 -35.02

Stocks cut steep losses amid growing opposition from Greek lawmakers to Prime Minister George Papandreou's bid for a referendum on the EU bailout plan for Greece: MORE>>



TOP BUSINESS NEWS
CME Group first to notice MF Global used clients' money as its financial woes mounted: MORE>>
 • CME profit beats expectations in surge on trading: MORE>>

jjBank of America retreats on plan to charge $5 monthly fee for debit card usage: MORE>>

Peanut butter prices soar after worst peanut harvest in decades: MORE>>
 • Rising food prices may hurt holiday spending: MORE>>

Mobile carriers selling information about your favorite apps, video, websites and locations to highest bidder: MORE>>

Groupon sticking with $16- to $18-per-share range for IPO that could be priced by Thursday: MORE>>

The Carson Pirie Scott Gateway store on Chicago's Riverside Plaza will close for renovations for four months in January: MORE>>

Boeing Chief Financial Officer James Bell plans to retire in April next year: MORE>>

Allstate CEO Tom Wilson appears to have gotten the message from unhappy shareholders: MORE>>

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


TALKING BUSINESS
"These aren't as relevant as they once were ... it just doesn't make sense to build huge hotels anymore," hospitality consultant Ric Mandigo said about Chicago's biggest hotels: MORE>>


IN OTHER NEWS
A federal jury in Chicago has handed down a split verdict in the extortion trial of Springfield power broker William Cellini: MORE>>

jjChicago native Dorothy Howell Rodham, the mother of Secretary of State Hillary Rodham Clinton, has died at the age of 92: MORE>>

Uptown man dies after trying to remove his own pacemaker: MORE>>

Only a third of Illinois grade school students have the reading skills they need, with scores showing no gains from a decade ago: MORE>>

Dr. Conrad Murray will not testify in his own defense: MORE>>

Plane carrying 230 passengers from New York to Poland arrives safely with no landing gear: MORE>>

Abdurrahim El-Keib, pitched from academic obscurity to head Libya's new government, sets about selecting his Cabinet: MORE>>

"Freshman 15" a myth, study finds: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Jen Weigel explores the question of whether anything can be done about the office mate who refuses to take direction, in Lessons for Life: MORE>>


SPORTS FIX

Theo Epstein's compensation still unresolved at deadline: MORE>>
 • Rosenbloom: Free agent Prince Fielder a fit for Cubs: MORE>>

Illinois congressman Bobby Rush compared the NCAA to the Mafia over how it controls the lives of student athletes: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjIt certainly wasn't about the clothes for supermodel Heidi Klum this Halloween: MORE>>

Kim Kardashian's 72-day betrothal just one of many short celebrity marriages. The shortest is actually 55 hours: MORE>>

Queen Latifah to host daytime talk show: MORE>>



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

Weather |
Afternoon temperatures 12-degrees milder than Monday and 9 degrees above normal. High of 65. 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
 • Edward Tilly named president, COO of CBOE
 • More BlackBerry phones headed to AT&T
 • Domestic auto sales see big gains in October
 • FDA to test dog food for salmonella
 • Sirius XM subscriber miss mark
 • Tribune daily circulation falls, Sunday rises
 • A.M. Castle lags Street on higher costs
 • ADM 1Q profit up 33 percent

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