Tuesday, January 17, 2012

Dow up 60 | Kraft cutting 1,600 | Sears going private? | Gas bills going up | Giordano's accusations

 Tuesday, Jan. 17, 2012 • chicagotribune.com business newsletter
By Margaret O'Brien, BizWrap columnist

CLOSING BELL
DJIA 12,482.07 +60.01 | NSDQ 2,728.08 +17.41 | S&P 1,293.66 +4.57

Brighter sentiment about China's growth prospects drove stock gains, overshadowing Europe's recent credit downgrades and a mixed bag of big bank earnings: MORE>>



TOP BUSINESS NEWS
jjKraft Foods said it will cut 1,600 positions in the U.S. and Canada as it prepares to divide into two companies: MORE>>

Former owners of Giordano's looted company, bankruptcy trustee charges: MORE>>

Sears stock jumps on speculation it may go private: MORE>>

Higher rates for Peoples Gas and North Shore Gas customers go into effect on Saturday: MORE>>

Shareholders sue Career Education over misleading job-placement claims: MORE>>

Gold could hit $2,000 an ounce, predicts GFMS: MORE>>

Hyatt McCormick Place
expansion begins: MORE>>

Midway among worst airport terminals in the world, says a new ranking by Frommers: MORE>>

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


TALKING BUSINESS
"The gamification market is still very much a land grab. By land grab, I mean it's still a relatively new market," said Tyson Morgan, managing partner at Northfield-based Northport Investments: MORE>>


IN OTHER NEWS
jjPolice were questioning six youths about the beating of a 17-year-old boy in a Bridgeport alley: MORE>>

Snow advisory for 3 to 4 inches in Northwest suburbs today. Happy commuting: MORE>>

Channahon mayor sentenced to home confinement, two years of probation and $15,000 in restitution for tax evasion: MORE>>

Organizers of a recall of Wisconsin Gov. Scott Walker said they have far more signatures than they need: MORE>>

Eighty-four percent of Americans say they disapprove of the way the Congress is doing its job -- a new high, er, or low: MORE>>

Italian coast guard angrily told captain of sinking cruise liner to "get back on board": MORE>>
 • McHenry County family survives cruise ship disaster: MORE>>

U.S. working with oil producers to ease concerns about a cutoff of crude from Iran: MORE>>

Iodine deficiency is a major health problem worldwide, but it may also be possible to have too much: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Muhammad Ali turns 70 today. Here's a look at pictures of him through the years, in Framework: MORE>>
 • And Betty White turns 90, to much fanfare: MORE>>


SPORTS FIX

Derrick Rose will test his sore left toe later today before deciding whether to play tonight against the Suns: MORE>>

Notre Dame enrolls Gunner Kiel, the nation’s top-ranked high school quarterback: MORE>>

Bears won't let defensive backs coach Jon Hoke interview with the Vikings: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjLifetime's "Untouchable: Drew Peterson" movie throws the book at former Bolingbrook cop accused of murder: MORE>>

Paula Deen, queen of fattening Southern recipes, starts preaching moderation after revealing she has Type 2 diabetes: MORE>>

Elton John's husband rips Madonna's Golden Globe win for best original song: MORE>>



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

Weather |
Strengthening winds, falling temperatures and sticking afternoon snow threaten slick travel conditions. 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
 • Wal-Mart tries to derail latest gender bias suit
 • ITW shareholder wants operations pared back
 • FDIC releases bank stress test proposal
 • Cruise operators' shares fall on ship disaster
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 • Airbus posts record orders in 2011
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