Wednesday, November 30, 2011

Dow up 490 | World's banks act | Lipitor goes generic | iPhone 5 in March | Horse slaughter | Arsenic in juice

 Wednesday, Nov. 30, 2011 • chicagotribune.com business newsletter
By Margaret O'Brien, BizWrap columnist

CLOSING BELL
DJIA 12,045.68 +490.05 | NQ 2,620.34 +104.83 | S&P 1,246.93 +51.76

Hello 12,000. Stocks surged more than 4 percent as major central banks jointly added liquidity to the world's financial system, easing worries about a global downturn: MORE>>



TOP BUSINESS NEWS
The central banks of the wealthiest countries, trying to prevent a global panic, swept in to shore up the world financial system: MORE>>

Cholesterol drug Lipitor, No. 1 in U.S. sales, goes generic: MORE>>

jjThe suburban mall that took a beating in "The Blues Brothers" may be demolished next year: MORE>>

Chicago-based Getco to handle about a third of all NYSE trades after buying Bank of America's NYSE floor business: MORE>>

United Continental Holdings received regulatory approval to operate as a single airline: MORE>>

Hyatt workers protest chain's threat to end health insurance: MORE>>

Nalco shareholders OK takeover by Ecolab: MORE>>

Groupon shares rose more than 6 percent after Chief Executive Andrew Mason delivered good news on holiday sales: MORE>>

The iPhone 5, and its larger screen, are expected in March: MORE>>

Subway offering $2 subs in December: MORE>>

Horses could soon be slaughtered for meat in the U.S.: MORE>>

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


TALKING BUSINESS
"Once price discounting subsides, so should holiday sales," Moody's economist John Lonski tells Gail MarksJarvis: MORE>>


IN OTHER NEWS
jjIn a pre-sentencing filing, federal prosecutors are recommending 15 to 20 years in prison for former Gov. Rod Blagojevich: MORE>>

The Illinois Supreme Court wants hearsay statements allowed in Drew Peterson's murder case: MORE>>

A Hoffman Estates teacher who was living with one of her teen students quits: MORE>>

Nearly 300 arrested as police dismantle Occupy L.A. protester encampment: MORE>>

GOP presidential contender Herman Cain still campaigning: MORE>>

Britain expels Iranian diplomats after attack on embassy: MORE>>

Hillary Clinton became the first U.S. secretary of state to visit Myanmar in more than 50 years: MORE>>

The Muslim Brotherhood's party said its alliance was leading in Egypt's election: MORE>>

Consumer Reports finds arsenic in bottled apple juice and grape juice: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
United States Olympic Committee enthusiastic about new sponsorship deal with DeVry Inc. based in Downers Grove, reports Philip Hersh in Globetrotting: MORE>>


SPORTS FIX

In the first move of the Epstein era, the Cubs sign free agent outfielder David DeJesus to a two-year, $10 million deal: MORE>>

First civil suit filed against Jerry Sandusky: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjKristin Cavallari is tweeting that her engagement with Bears quarterback Jay Cutler is back on: MORE>>
 • Cutler concedes his season may be over: MORE>>

In case you missed the "Victoria's Secret" Fashion Show: MORE>>

Officials in Florida are hunting for country star Mindy McCready and her 5-year-old son: MORE>>

Stanley from "The Office" releases music video: MORE>>



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

Weather |
Sunshine and greatly diminished winds mark the close of meteorological fall. Low of 31. 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>>
 
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