Wednesday, November 9, 2011

Dow down 389 | Home sales gains | Google Offers in Chicago | Paterno retiring | Packers stock sale

 Wednesday, Nov. 9, 2011 • chicagotribune.com business newsletter
By Margaret O'Brien, BizWrap columnist

CLOSING BELL
DJIA 11,780.94 -389.24 | NSDQ 2,621.65 -105.84 | S&P 1,229.10 -46.82

Fears about Italy sink stocks more than 2 percent as a spike in Italy's bond yields heightened fears that the debt crisis in Europe was spreading: MORE>>



TOP BUSINESS NEWS
Home sales during the year's third quarter posted substantial year-over-year gains in the Chicago area and within the city: MORE>>

jjElite Street: Le Grand Reve in Winnetka, once listed for $32 million, fails to sell at auction: MORE>>
 • Royko widow sells Lincoln Park mansion for $1.8 million: MORE>>
 • Ch. 2's Roseanne Tellez sells Roscoe Village home: MORE>>

Google Offers coming to Chicago, taking on former takeover target Groupon: MORE>>

GOP showing support for Sen. Richard Durbin's, D-Ill., retooled bill to collect sales tax from online retailers: MORE>>

Abbott's cholesterol drug may not lower heart risks: MORE>>

Toyota recalls 550,000 cars for possible steering problems: MORE>>

Wal-Mart eyeing bigger role in health care: MORE>>

Cable companies to offer broadband Internet for $9.95 a month to homes that qualify for free school lunches: MORE>>

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


TALKING BUSINESS
"It's not up to me single-handedly to decide. I have a fiduciary responsibility to my board of directors," said Terrence Duffy, executive chairman of CME Group, telling legislators Tuesday that he wants a decision on tax relief during this week's veto session: MORE>>


IN OTHER NEWS
jjThe state's top gambling regulator says a revised gambling package being considered by lawmakers is "a pile of junk": MORE>>

A crackdown on pension abuses moved to the Senate as Illinois lawmakers seek to eliminate sweet deals for union officials: MORE>>

Former Mayor Richard Daley will be teaching government students at Harvard about the Chicago Way: MORE>>

A Mundelein woman who has accused presidential candidate Herman Cain of groping her says he's a 'pathological liar': MORE>>

Controversial ballot measures to ban abortion in Mississippi and reduce public sector union power in Ohio defeated: MORE>>

Western leaders call for expanded sanctions against Iran over a U.N. report that it has worked to design atom bombs: MORE>>

Greece's parties agree on new prime minister: MORE>>

Sick people in the United States are more likely to skip care than those in other counties: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Seventeen new restaurants joined the Michelin Chicago 2012 guide's "'Bib Gourmand"' list for being an inspectors' favorite at a good value. See who's in, in The Stew: MORE>>


SPORTS FIX

jjPenn State head football coach Joe Paterno said he wished he had done more amid a child-sex abuse scandal involving a former assistant coach and will retire at the end of the season: MORE>>
 • Penn students challenge university: MORE>>

Receiver Earl Bennett has been fined $5,000 for wearing orange cleats during the Chicago Bears' victory Monday night: MORE>>

Packers to launch fifth stock sale next week: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjEddie Murphy is out as the host of the Oscars telecast: MORE>>

Kathie Lee Gifford and David Letterman appearing with Regis Philbin in his last week of "Live! With Regis and Kelly": MORE>>

Rapper Heavy D dead at 44 after collapsing: MORE>>

Another day, another Duggar: MORE>>



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

Weather |
Frost and freezing temperatures are to reach inside the city limits for the first time this season the next two nights. High of 62, low of 29. 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
 • Google dropping Gmail support for BlackBerry
 • Berkeley researchers eye 'flash crash' warning
 • Illinois AG alarmed by 'robocall' bill
 • Goldman Sachs faces $15.8B in mortgage suits
 • Adobe cuts mobile Flash development
 • General Growth 3Q earnings up slightly
 • Credit Suisse cuts Walgreen rating
 • GM 3Q profit falls 15 percent, outlook lower
 • Microsoft, AOL, Yahoo partner in online ads

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