Tuesday, January 31, 2012

Dow down 20 | Tellabs' job cuts | It's 2001 for Chi home prices | Blizzard to balmy | Navy Pier redesigners

 Tuesday, Jan. 31, 2012 • chicagotribune.com business newsletter
By Margaret O'Brien, BizWrap columnist

CLOSING BELL
DJIA 12,632.91 -20.81 | NSDQ 2,813.84 +1.90 | S&P 1,312.40 -0.61

Stocks edged lower after a batch of weaker-than-expected economic reports gave investors reason to pause after strong gains in world equity markets: MORE>>



TOP BUSINESS NEWS
Naperville-based Tellabs is restructuring and cutting about 530 jobs after reporting a fourth quarter loss: MORE>>
 • ITW profit jumps as it plans to divest, simplify: MORE>>
 • ADM profit falls 89 percent on lower margin: MORE>>

jjChicago home prices slide again in November to 2001 levels: MORE>>

Sears shares fall after CIT Group said it will again stop providing loans to the retailer's suppliers: MORE>>

Andrew Mason defends his leadership, strategy at Groupon: MORE>>

Three Chicago companies, including CME Group, are giving back are giving back $34 million in city TIF money: MORE>>

Workers accuse Capital Grille parent of racial discrimination: MORE>>

U.S. college and university endowments had an average return of 19.8 percent in 2011: MORE>>

It's not just houses and cars being lost to bankruptcy. This guy lost his llamas (KCCI-Ch. 8): MORE>>

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


TALKING BUSINESS
"High-cost lending and low credit scores lock people in low-wealth communities out of a future economic recovery," said Tom Feltner, vice president of the Woodstock Institute, a Chicago-based nonprofit research group focused on fair lending issues: MORE>>


IN OTHER NEWS
A year ago, the Chicago area was bracing for a paralyzing blizzard. Today, we are flirting with 60 degrees: MORE>>

jjA minor earthquake hit near northwest suburban McHenry last night: MORE>>

Chicago water sampling shows high levels of lead: MORE>>

Officials say failed insulator caused power failure at Byron nuclear reactor in northern Illinois: MORE>>

Newt Gingrich predicted to lose Florida primary, says race for GOP nomination is "a long way from being over
": MORE>>
 • Stephen Colbert's Super PAC raises $1 million: MORE>>

The United States is on track for a fourth straight year with a $1 trillion-plus budget deficit: MORE>>

Top intelligence official tells Congress of increasing threat of attack from Iran: MORE>>

Syrian government forces reasserted control of Damascus and U.N. pressure mounts on President Bashar al-Assad to step down: MORE>>

Italian authorities end search for bodies in cruise ship disaster. Fifteen passengers still unaccounted for: MORE>>

Oral HPV rates are higher in men than in women: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Be prepared to be amazed by House Theatre's"Death and Harry Houdini," says critic Chris Jones in Theater Loop: MORE>>


SPORTS FIX

New Bears General Manager Phil Emery is described as a tireless and meticulous worker: MORE>>
 • David Haugh: Judge Emery's substance, not style: MORE>>

Blake Griffin's monster jam sends jaws dropping: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjFive teams of celebrated designers are unveiling competing plans for remaking Navy Pier: MORE>>
 • Visual history of Navy Pier: MORE>>

Mavis Staples to headline Chicago's Blues Fest: MORE>>


Paula Abdul out in cast shakeup on the "X Factor": MORE>>


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

Weather |
Today's mild temperatures are 22-degrees above normal and more typical of early April. Enjoy! See our weather page with radar and Tom Skilling's seven-day forecast: MORE>>



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LATEST CHICAGO BUSINESS HEADLINES
 • Natural gas prices on track for 13-year low
 • Chicago startups get state VC funds
 • Paula Faris sells Bowmanville condo
 • Motorola Solutions, Lemko settle
 • Court OKs W.R. Grace reorganization
 • Kodak employee sues company, directors

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