 | | Thursday, Dec. 8, 2011 • chicagotribune.com business newsletter |  |
CLOSING BELL
DJIA 11,997.70 -198.67 | NSDQ 2,596.38 -52.83 | S&P 1,234.35 -26.66
Misfire. Stocks fell sharply after the head of the European Central Bank said there was no existing plan for large-scale government bond purchases, as many in the markets had hoped: MORE>>
TOP BUSINESS NEWS
 Sara Lee's bringing 500 jobs to Chicago, and will cut nearly half of its staff in the process: MORE>>
• Photos: How Sara Lee has shrunk over the years: MORE>>
• Downers Grove on edge as Sara Lee slims down: MORE>>
Illinois House leaders have reached a tentative tax-break deal aimed at keeping Sears and CME Group from leaving the state: MORE>>
Northcenter cafe Drew's Eatery, on Montrose, blames a Groupon deal-gone-bad for causing it to have to close: MORE>>
CME Group says MF Global misused hundreds of millions of dollars of customer funds: MORE>>
• Jon Corzine is sorry, puzzled by missing MF Global money: MORE>>
Twitter rolls out a revamped, faster website: MORE>>
Household wealth in the third quarter takes biggest hit since the 2008 financial meltdown: MORE>>
LATEST BUSINESS NEWS >> | SEND US A NEWS TIP >>
TALKING BUSINESS
"We are focused on continuing to build the Sprint brand," said Sprint chief marketing officer Bill Malloy. In a big win for Chicago advertising, Digitas Chicago and Leo Burnett have picked up a big account for Sprint: MORE>>
IN OTHER NEWS
 Federal authorities have begun a criminal investigation into how a dozen union officials became eligible for inflated city pensions: MORE>>
• Timeline of Tribune investigation of the misuse of Chicago's pension funds: MORE>>
LaGrange store owner finds rare comic worth $12,000: MORE>>
Virginia Tech on lockdown after two people killed, including a police officer: MORE>>
• The university in 2007 was the scene of the deadliest shooting incident by a single gunman in U.S. history: MORE>>
President Barack Obama blasts GOP for blocking consumer bureau pick Richard Cordray: MORE>>
Russian Prime Minister Vladimir Putin accuses U.S. of stirring up protests against his 12-year rule: MORE>>
LATEST CHICAGO AND NATIONAL NEWS >>
IN THE BLOGOSPHERE
 Over in Cityscapes, Blair Kamin writes that in Gage Park, at 51st Street and Homan Avenue, a futuristic, powerfully sculpted new elementary school has been constructed -- and has won an award from the Chicago Architecture Foundation: MORE>>
SPORTS FIX
Cubs manager Theo Epstein says the Cardinals' decision to send Albert Pujols to LA is good news for the Cubs: MORE>>
• How the Pujols deal reshapes baseball's landscape: MORE>>
Penn State's Jerry Sandusky released on bail after new sex abuse charges filed: MORE>>
University of Illinois zeroing in on Toledo football coach Tim Beckman to replace Ron Zooks: MORE>> LATEST SPORTS NEWS >>
OFF THE CLOCK
 ESPN sideline reporter Erin Andrews refiles $10 million lawsuit against peephole video stalker: MORE>>
Lindsay Lohan Playboy cover leaked: MORE>>
"Daily Show" asks Florida governor Rick Scott, who supports drug testing for welfare applicants, to prove he's drug-free himself: MORE>>
HEADED OUT?
Traffic | See current information on area highways, buses, trains and planes on our commuting page: MORE>>
 Weather | Cloudy with a 30 percent chance of light snow or flurries, and lows in the mid-20s. See our weather page with radar and Tom Skilling's seven-day forecast: MORE>>
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