Thursday, December 22, 2011

Dow up 62 | White Castle booze? | Michelle Obama insulted | Mead Johnson sinks | Optimistic Toyota

 Thursday, Dec. 22, 2011 • chicagotribune.com business newsletter
By Zoe Galland, BizWrap columnist

CLOSING BELL
DJIA 12,169.65 +61.91 | NSDQ 2,599.45 +21.48 | S&P 1,254.00 +10.28

Raising expectations.
Stocks edged higher after data pointed to ongoing improvement in the labor market: MORE>>



TOP BUSINESS NEWS
jjThe deal to acquire Chicago's No. 2 newspaper is now official: MORE>>
 • New investors say the printed version of the Sun-Times will be important "for the foreseeable future," but sound more interested in its suburban papers: MORE>>

Glenview-based Mead Johnson gets unwanted dose of the Wal-Mart effect after retail giant pulls baby formula Enfamil: MORE>>
 • Move comes after death of a baby who took Enfamil, though authorities are still unsure what caused it: MORE>>

White Castle
announces it may add booze to its menu, leading to a flood of "don't you only go there once you're drunk?" jokes: MORE>>

Mortgage rates hit historic lows for third time this year: MORE>>

Toyota predicts upturn after a disastrous year‎ (WSJ): MORE>>
 • Moody's cuts Toyota's credit rating to negative anyway: MORE>>

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


TALKING BUSINESS
"Are we doing something because it's the right thing to do, or because 'it's the way we've always done it'?" said Microsoft, rather vaguely explaining why it has decided to pull out of the annual Consumer Electronics Show, the largest trade show of its kind: MORE>>


IN OTHER NEWS
jjRepublican lawmaker Jim Sensenbrenner apologizes for idiotic remark about first lady Michelle Obama's "big butt": MORE>>
 • Ron Paul walks out during CNN interview after being quizzed about racist newsletters: MORE>>

Chicago Public School students will be forced to stay in school an extra 36 minutes starting next year: MORE>>

Palos Hills man charged with stealing donation jar meant for woman suffering from cancer: MORE>>

Baghdad blasts kill 72 in frightening sign of what Iraq may be like with American troops gone: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Over at U.S. News' Politics blog, researcher Brad Bannon explains how John Boehner and the House GOP are, bizarrely enough, "doing everything they can to re-elect Obama": MORE>>


SPORTS FIX

Church asks Derrick Rose to intercede in trademark dispute: MORE>>

Sheesh, does no one in Chicago have any optimism at all about new Bears quarterback Josh McCown? MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjHBO releases first teaser trailer for upcoming film "Game Change," starring Julianne Moore as Sarah Palin: MORE>>
 • Entertainment websites already debating whether she makes a better Palin than Tina Fey: MORE>>

Lettuce Entertain You chooses name for downtown Italian restaurant planned for where Ben Pao used to be: MORE>>

Adam Lambert, boyfriend arrested in Finland after bar brawl: 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>>
 
LATEST CHICAGO BUSINESS HEADLINES
 • Catering firm closed over contamination fears
 • U.S. beef consumption continues to decline
 • Best Buy warns it can't fill some orders
 • FCC to try again to ease cross-ownership rules
 • Yahoo looks at reducing its Asian presence
 • Bankruptcy judge OKs American plane buys
 • U.S. approves NYSE, Deutsche Boerse deal

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