Friday, December 23, 2011

Dow up 124 | Payroll tax hike averted | More pull Enfamil | Cat CEO's lawn job | No BlackBerry email at night?

 TGIF, Dec. 23, 2011 • chicagotribune.com business newsletter
By Margaret O'Brien, BizWrap columnist

CLOSING BELL
DJIA 12,294.00 +124.35 | NDQ 2,618.64 +19.19 | S&P 1,265.33 +11.33

S&P up for the year. Wall Street stocks rose on Friday as the S&P 500 rallied for a fourth straight day and turned positive for the year after a run of better-than-expected economic data: MORE>>


Note: BizWrap is taking a break for the holiday on Monday, Dec. 26. See you Tuesday!


TOP BUSINESS NEWS
Congress averted a tax hike in January paychecks by approving a two-month payroll-tax-cut extension. The president has signed it: MORE>>
 • What the deal will do: MORE>>

jjRetailers woo last-minute shoppers with deals, longer hours: MORE>>
 • Best Buy warns it can't fill some online orders: MORE>>

Here's one way not to get a job: Steal a SUV and drive it onto CEO's front lawn, announcing you need a job: MORE>>

Walgreen and parent companies of Jewel and Dominick's join Wal-Mart in pulling Enfamil infant formula: MORE>>

"Layaway archangel" pays $20,543 to pay off 175 holiday gift layaways at Maryland Kmart: MORE>>

United Continental is closing out a strong year with an upward tick in bookings, but it's not as high as analysts expected: MORE>>

Google paying $900 million to remain default search engine for Firefox: MORE>>

Only in Germany: Volkswagen promises not send email to workers via BlackBerry during after-work hours: MORE>>

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


TALKING BUSINESS
"This may be the last time we see a No. 2 major metro daily sell outside of bankruptcy," said Texas-based newspaper investor Brian Ferguson about the pending sale of the Chicago Sun-Times: MORE>>


IN OTHER NEWS
jjWith December going down as one of the milder on record, this winter may be warmer than first forecast: MORE>>

Four people were injured when a van allegedly ran a red light and hit a taxi, nearly pushing it into City Hall: MORE>>

Former U.S. President George H.W. Bush backs Mitt Romney for president: MORE>>

Suicide car bombers struck Damascus, officials said, killing 44 people: MORE>>

International leaders bid farewell to former Czech President Vaclav Havel: MORE>>

A series of strong earthquakes hit the New Zealand city of Christchurch: MORE>>

France, U.K. issue conflicting advice on suspect breast implants: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Prime rib for Christmas dinner? Here's how to cook it, in Daily Dish: MORE>>


SPORTS FIX

The Cubs continue their steady, but very slow, retooling by signing reliever Manny Corpas: MORE>>

Running back Kahlil Bell is set to make his second career start against the Packers, the Bears biggest rival: MORE>>

Pepper spray and arrests highlight release of Nike's new Air Jordan basketball shoes across the nation: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjUgly holiday sweater parties boost demand for ugly sweaters: MORE>>

A 19-year-old from woman from Florida became the first winner of “The X Factor”: MORE>>


Singer George Michael says battle with pneumonia was the worst month of his life: MORE>>



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

Weather |
The 13th consecutive day of above-normal temps in the area, High of 40. See our weather page with radar and Tom Skilling's seven-day forecast: MORE>>



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LATEST CHICAGO BUSINESS HEADLINES
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