Wednesday, February 1, 2012

Dow up 83 | American's 13,000 job cuts | John Marshall sued | Romney's gaffe | Indiana right-to-work law

Wednesday, Feb. 1, 2012 • chicagotribune.com business newsletter
By Zoe Galland, BizWrap columnist

CLOSING BELL
DJIA
12,716.46 +83.55 | NSDQ 2,848.27 +34.43 | S&P 1,324.08 +11.67

Extending January's rally.
Stocks rose after upbeat global manufacturing data and as Greece neared a long-delayed deal on its debt: MORE>>



TOP BUSINESS NEWS
jj AMR Corp., which operates American Airlines, wants to cut some 13,000 jobs as part of its bankruptcy reorganization: MORE>>
 • MF Global judge rejects customer bid for Chapter 7: MORE>>


Three John Marshall Law School
grads sue the university, claiming that it inflated its post-graduate employment information: MORE>>


Houston
restaurant tycoon moves one step closer to buying Chicago steakhouse chain Morton's‎: MORE>>

Indiana
becomes first Rust Belt state to enact contentious right-to-work labor law: MORE>>

Navistar
to introduce vehicles powered by natural gas: MORE>>

Labor strike
averted at BP Refinery in Whiting, Ind.: MORE>>

Senate introduces law requiring millionaires to pay a minimum 30 percent effective tax rate: MORE>>

Pfizer
recalls 1 million packets of birth control pills, saying they may not contain enough contraceptive to prevent pregnancy: MORE>>

Google unconvincingly defends changes to privacy policies: MORE>>

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


TALKING BUSINESS
"It's encouraging that consumers are still exhibiting the desire to spend on discretionary gift items," said Matthew Shay, president and CEO of the National Retail Federation, which found that Americans will spend an average $126 on Valentine's Day this year, up 8.5 percent from a year ago: MORE>>


IN OTHER NEWS
jjChicago native and "Soul Train" host Don Cornelius dies in apparent suicide: MORE>>

Chicago-bound Amtrak train derails in southern Michigan: MORE>>

Aging lion euthanized at Lincoln Park Zoo: MORE>>

Stevenson High School in Lincolnshire is target of a drug investigation relying on student cellphones to identify suspects: MORE>>


Mitt Romney spent twice as much as Newt Gingrich in months before Republican presidential nominating process kicked off: MORE>>
 • Romney stumbles in Florida victory lap after saying, "I'm not concerned about the very poor": MORE>>
 • Obama's approval rating falls in all but three states: MORE>>

Taliban "poised to retake Afghanistan" after NATO pullout: MORE>>

LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
The LATimes blog Booster Shots reports that the Susan G. Komen for the Cure Foundation's decision to yank its funding from Planned Parenthood has triggered a flood of donations to Planned Parenthood and at least two petitions aimed at reversing the decision: MORE>>


SPORTS FIX

Luol Deng and Richard Hamilton will miss the Bulls' game tonight against the 76ers: MORE>>

Business Insider looks at Eli Manning's journey from "NFL joke" to two-time Super Bowl quarterback: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jjKate Middleton gets more than 90 percent of the vote as the "Hat Person of the Year": MORE>>
 • Anna Wintour recognized by President Barack Obama for being a top fundraiser‎: MORE>>
 • Vanity Fair releases its annual Hollywood Cover‎: MORE>>


Bill Murray
and Regis Philbin join David Letterman in celebratation of his show's 30th anniversary: MORE>>

Frank Gehry
working for free on jazz hall in L.A.: MORE>>

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

Weather |
Mostly cloudy, with lows in the lower 30s. 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
 • White House offers mortgage-refinancing plan
 • Settlement approved in WaMu bankruptcy
 • Feds aim to make foreclosed properties rentals
 • Chrysler posts first annual profit since 1997
 • U.S. to charge ex-Suisse traders on subprimes
 • Boeing closure in Wichita a security risk?
 • U.S. pushes for graphic cigarette labels
 • U.S. Cellular to launch 4G in 6 states

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