Wednesday, December 21, 2011

Dow up 4 | Sun-Times to be sold | BofA's Countrywide settlement | MacArthur director leaving | Biel, Timberlake engaged?

 Wednesday, Dec. 21, 2011 • chicagotribune.com business newsletter
By Zoe Galland, BizWrap columnist

CLOSING BELL
DJIA 12,107.74 +4.16 | NSDQ 2,577.97 -25.76 | S&P 1,243.72 +2.42

Ominous Oracle.
Stocks were mixed as tech shares slumped, with disappointing earnings from Oracle dragging the Nasdaq lower: MORE>>



TOP BUSINESS NEWS
jjIllinois Attorney General Lisa Madigan announces $335 million national settlement with Bank of America, stemming from former mortgage giant Countrywide allegedly steering minority borrowers into subprime loans: MORE>>

Sun-Times
to announce today that it will be sold to a group of local investors: MORE>>
 • Tribune Co. bankruptcy gets stranger as Sam Zell sues company's former shareholders: MORE>>

Former Bears receiver Willie Gault sued for allegedly inflating the stock price of a heart-monitoring company: MORE>>

For the first time in 14 years, the MacArthur Foundation is looking for a new director: MORE>>

Quiznos to serve up debt plan in effort to avoid bankruptcy: MORE>>

Verizon's 4G network continues to suffer service disruptions: MORE>>

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


TALKING BUSINESS
"We're locked and loaded, and we're moving on," said Walgreen Co. CEO Greg Wasson, commenting on the Deerfield-based pharmaceutical giant's inability to reach a deal with prescription benefits manager Express Scripts: MORE>>


IN OTHER NEWS
jjIllinois, New Jersey tie for dubious honor of having the largest outbound migration this year: MORE>>
 • In sort-of-happier news, home sales rose in the state and in Chicago, though prices still lag: MORE>>

Former Southern Illinois University student gets five years in prison for threatening Virginia Tech-like killing spree: MORE>>

North Korea's military to share power with Kim Jong-Il's heir: MORE>>

Eight soldiers charged in private's "apparent" suicide in Afghanistan: MORE>>

White House gets more vocal about Syria bloodshed after 111 people are killed on eve of visit by observers: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Over in Cityscapes, Blair Kamin writes about the worst in Chicago architecture and urban design for 2011: MORE>>


SPORTS FIX

Derrick Rose says he "never would have thought in a million years" he'd sign a deal like his $94.8 million Bulls contract: MORE>>

Bears' new starting quarterback Josh McCown to face Packers on Sunday: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjOn-again, off-again couple Justin Timberlake and Jessica Biel said to be engaged: MORE>>
 • Timberlake, Kanye West named most stylish men of 2011: MORE>>
 • 12 celebs who may need a sartorial boost in 2012 (NYMag): MORE>>

Racial slur
against Rihanna leads Dutch magazine editor to quit: MORE>>


CoverGirl withdraws "enhanced" Taylor Swift ad: MORE>>

Kate Middleton channels Princess Di in black gown: MORE>>



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

Weather |
Partly cloudy, with patchy fog in the late evening and overnight, and lows in the lower 30s. 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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