Wednesday, February 29, 2012

Dow down 53 | Michael Jordan's mansion | Emanuel's economic plan | North Korea progress | Tornadoes hit Midwest

Wednesday, Feb. 29, 2012 • chicagotribune.com business newsletter
By Zoe Galland, BizWrap columnist

CLOSING BELL
DJIA
12,952.07 -53.05 | NSDQ 2,966.89 -19.87 | S&P 1,365.68 -6.50

Choppy session.
Stocks fell after comments from Fed Chairman Ben Bernanke were viewed as a subtle shift in the central bank's highly accommodative monetary policy: MORE>>



TOP BUSINESS NEWS
jj Bulls legend Michael Jordan lists longtime family home in Highland Park for $29 million:
MORE>>
 • Yay, they gave us photos: MORE>>
 • Gallery of Michael Jordan through the years: MORE>>

Mayor Rahm Emanuel unveils his first formal blueprint for revitalizing the region's economy: MORE>>

Abbott announces drug development deal with Belgian biotech firm that could be worth $1.35 billion: MORE>>

Chicago company Standard Parking finds space for a Nashville acquisition: MORE>>

Another electric vehicle startup calls it quits: MORE>>

James Murdoch gives up News International role: MORE>>

Workers at many midsize nonprofits are sorely lacking basic financial knowledge, survey finds: MORE>>

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


TALKING BUSINESS
jj
"People who don't have money don't understand the stress. Could you imagine what it's like to say I got three kids in private school, I have to think about pulling them out?" said Alan Dlugash, a wealth adviser who made an incredibly dumb decision to be quoted in a Bloomberg article on how Wall Street is "suffering" from lower bonuses: MORE>>

IN OTHER NEWS
jjMitt Romney averts disaster with wins in Michigan and Arizona: MORE>>
 • Michigan residents seem to take Kid Rock's political opinions super seriously: MORE>>
 • The Atlantic compares Romney's gaffes to those of his father: MORE>>

Six people killed in downstate Illinois as storms hit: MORE>>

The Centers for Disease Control wants you to stop feeding your kids so much sugar: MORE>>

Syria
, unimpressed by the international community's warnings, vows to "cleanse" rebel-held parts of Homs: MORE>>

North Korea
stuns world by offering to suspend nuclear tests: MORE>>


LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Over in Cityscapes, Blair Kamin writes about the Richard H. Driehaus Foundation Award, which looks at community design: MORE>>


SPORTS FIX

Derrick Rose scores 32 as Bulls rally to topple Hornets: MORE>>

The Cubs' shrink is working with the team's players on the "mental side" of baseball: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjDavy Jones, the British Invasion-era singer who became a household heartthrob as a member of the Monkees, dies in Florida: MORE>>
 • Photos of Davy Jones through the years: MORE>>

Jennifer Garner
and Ben Affleck welcome third child: MORE>>


"Jersey Shore" nuisance Snooki is reportedly pregnant: MORE>>


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

Weather |
Holy cow, it is nice out today. Tonight will be cooler, with a low of 34, and tomorrow will have a high of 45. See our weather page with radar and Tom Skilling's seven-day forecast: MORE>>



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LATEST CHICAGO BUSINESS HEADLINES
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 • Beige Book: Economy expanding moderately
 • Angry Birds owner Rovio plans new games
 • Facebook upgrades tools to help businesses
 • LegalZoom close to filing for IPO, sources say
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