Wednesday, January 4, 2012

Dow up 21 | Bachmann drops out | Merchant-friendly Groupon? | Boeing closing plant | Bears shakeup

 Wednesday, Jan. 4, 2012 • chicagotribune.com business newsletter
By Zoe Galland, BizWrap columnist

CLOSING BELL
DJIA 12,418.42 +21.04 | NSDQ 2,648.36 -0.36 | S&P 1,277.30 +0.24

Not much movement.
Stocks were little changed as positive U.S. economic data offset worries about the eurozone's debt problems: MORE>>



TOP BUSINESS NEWS
jjGroupon introduces new online tools to help merchants track the performance of their deals: MORE>>
 • And extends its lead over rivals like Washington, D.C.-based LivingSocial: MORE>>

Boeing
to close facility in Kansas by 2013, which will mean the loss of 2,100 well-paying jobs there: MORE>>

 • The Chicago-based aerospace giant says it is cutting costs amid a tightening U.S. defense budget: MORE>>

ComEd
crows that its controversial smart-grid plan will create more than 2,400 jobs in Chicago: MORE>>

Everybody else is cutting Sears' credit rating, so why shouldn't Moody's? MORE>>

Yahoo board
taps PayPal exec to replace Carol Bartz: MORE>>

Dunkin' Donuts
bulks up expansion plans: MORE>>

Beleagured camera-maker Kodak prepares Chapter 11 filings: MORE>>

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


TALKING BUSINESS
"We believe the industry continues to show signs of recovery," said Jonathan Browning, chief executive of Volkswagen of America. Automakers had their best U.S. sales since 2008 as the industry continues to recover from its recession-caused tailspin: MORE>>


IN OTHER NEWS
jjWhy Ron Paul may be the real winner of the Iowa caucuses (Business Insider): MORE>>
 • Michele Bachmann drops out of the race: MORE>>
 • Republican race may be closest in the history of the caucuses: MORE>>

President Barack Obama
taps Richard Cordray as consumer bureau chief while the Senate is in recess: MORE>>

U.S. reports surge in pregnant women having twins: MORE>>

FDA
restricts use of antibiotics in livestock: MORE>>

Syrian
activists claim Assad's regime is misleading Arab League observers: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
jj
The blog for the New York Times magazine previews designer Jason Wu's collection for Target, which will hit the retail chain's stores on Feb. 5. Target is hoping its collaboration with Wu will be as popular with consumers as its Missoni offerings, which sold out quickly last year: MORE>>
 • David Beckham debuts underwear line for H&M: MORE>>


SPORTS FIX

Fallout continues one day after the Bears oust GM Jerry Angelo and offensive coordinator Mike Martz: MORE>>

Joe Torre
quits position at Major League Baseball and joins race to acquire the Los Angeles Dodgers: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjAdele logs top-selling album and song of 2011: MORE>>
 • Rapper 50 Cent refuses to promote new album because he hates his record label: MORE>>
 • Mariah Carey's husband Nick Cannon lands in hospital: MORE>>

Kanye West's
ex-girlfriend Amber Rose accuses Kim Kardashian of having an affair with West while he and Rose were dating: MORE>>

Grocery chain drops Alec Baldwin ads after airline fuss: MORE>>

A Bridesmaids sequel might happen without Kristen Wiig: MORE>>


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

Weather |
Partly cloudy and not that cold (for January), with lows in the upper 20s. 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
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