 | | Monday, Feb. 21, 2012 • chicagotribune.com business newsletter |  |
CLOSING BELL
DJIA 12,965.69 +15.82 | NSDQ 2,948.57 -3.21 | S&P 1,362.21 +0.98
Market milestone. The Dow briefly crossed the 13,000 level for the first time in nearly four years, but climbing oil prices gave investors a reason to sell: MORE>>
TOP BUSINESS NEWS
 Kraft's price hikes help the company return a 54 percent higher fourth-quarter profit: MORE>>
• Kraft's date for splitting into an $18 billion North American grocery business and a $35 billion global snacks company is Dec. 31: MORE>>
California-based smoothie-maker Jamba Juice adds Chicago tea-maker Talbott Teas to its blend of brands: MORE>>
Agribusiness giant Archer Daniels Midland increases number of global job cuts to 1,200: MORE>>
Barnes & Noble's earnings suffer as it attempts to keep its Nook competitive with Amazon's Kindle: MORE>>
MF Global failure is creating a tax crunch for farmers: MORE>>
Recipients of college aid donate less as alumni, study finds: MORE>>
Netflix buys streaming rights to "The Artist" and other films: MORE>>
LATEST BUSINESS NEWS >> | SEND US A NEWS TIP >>
TALKING BUSINESS
"We are gradually shrinking the footprint that Fannie and Freddie will have in the mortgage market," said Federal Housing Finance Agency Acting Director Edward DeMarco. The regulator of Fannie Mae and Freddie Mac on Tuesday outlined a new strategic plan for the controversial government-controlled giants: MORE>>
IN OTHER NEWS
 President Barack Obama's campaign issues memo targeting Rick Santorum: MORE>>
• While Santorum stokes a new discussion of Obama's faith: MORE>>
• Santorum backtracks after "radical Islamic" remark: MORE>>
16-year-old boy with autism falls down trash chute to his death at a Gold Coast high-rise: MORE>>
Supreme Court agrees to reconsider the use of race in college admission decisions: MORE>>
• Man charged in machete robbery of Justice Stephen Breyer: MORE>>
Afghans protest disposal of Koran at U.S. base: MORE>>
LATEST CHICAGO AND NATIONAL NEWS >>
IN THE BLOGOSPHERE
The New Yorker's "Close Read" blog looks at the news that Dominique Strauss-Kahn has been caught up in an actual prostitution case, one that also involves allegations of embezzlement and sundry acts of corruption: MORE>>
SPORTS FIX
Cubs pitcher Chris Carpenter sent to Boston as Theo Epstein compensation: MORE>>
Jeremy Lin scores 21 points, but the New York Knicks fall to the New Jersey Nets anyway: MORE>>
Blackhawks will miss Jonathan Toews when they face the Detroit Red Wings Tuesday: MORE>>
LATEST SPORTS NEWS >>
OFF THE CLOCK
 Rihanna, Chris Brown collaborate on two song remixes: MORE>>
• Brown gets into Twitter sparring match with WWE wrestler CM Punk after Punk says Brown should "fight somebody who can defend themselves": MORE>>
Magic Johnson to launch TV network via Comcast: MORE>>
Paramount Pictures sues Anthony Puzo for copyright infringement to stop him from publishing a sequel to "The Godfather" trilogy: MORE>>
Sotheby's to sell Edvard Munch's "The Scream": MORE>>
HEADED OUT?
Traffic | See current information on area highways, buses, trains and planes on our commuting page: MORE>>
 Weather | Partly cloudy, with a low of 32 degrees and a wind chill as low as 23 degrees. See our weather page with radar and Tom Skilling's seven-day forecast: MORE>>
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