Monday, March 12, 2012

Dow up 38 | Sun-Times buying Reader? | Steve Harvey hiring | Afghanistan turmoil | Doonesbury's abortion story

Monday, Mar. 12, 2012 • chicagotribune.com business newsletter
By Zoe Galland, BizWrap columnist

CLOSING BELL
DJIA
12,959.71 +37.69 | NSDQ 2,983.66 -4.68 | S&P 1,371.09 +0.22

Mixed start.
The Dow rose slightly as China's economic data and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally: MORE>>



TOP BUSINESS NEWS
jj The owner of the Chicago Reader has hired a Dallas firm to help shop the paper:
MORE>>
 • Sun-Times named as potential buyer: MORE>>
 • News comes about a year after the Reader launched a redesign: MORE>>

Comedian Steve Harvey to host new TV show in downtown Chicago and hire 100 employees: MORE>>

Chicago's New City Bank becomes the 13th U.S. bank failure this year: MORE>>

Activewear label Athleta to open first Chicago store on April 4: MORE>>

It took just two days for Apple's new iPad to sell out for release day delivery: MORE>>

WTO rules that Boeing received $3 billion to $4 billion in illegal subsidies: MORE>>

Citigroup may be a surprise winner when the Fed reveals the results of bank stress tests: MORE>>

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


TALKING BUSINESS
"I think this might be a bit of a wake-up call for Apple," said antitrust attorney Ted Henneberry. Apple's clout is coming under scrutiny as the Justice Department considers filing a lawsuit against the company and five U.S. publishers on allegations they orchestrated a price-fixing scheme on e-books: MORE>>

IN OTHER NEWS
jjSen. Dick Durbin announces measures to capture the growing number of suspects who leave the U.S. after they are charged with violent felonies: MORE>>

Illinois town that was ravaged by storms will appeal FEMA's decision to deny it aid: MORE>>

It's a three-way tossup in Alabama and Mississippi between Mitt Romney, Newt Gingrich and Rick Santorum: MORE>>

Taliban
vow vengeance on troops in Afghanistan and scoff at reports that soldier who killed 16 people might be mentally ill: MORE>>

Horrifying situation
in Syria just going to get worse: MORE>>


LATEST CHICAGO AND NATIONAL NEWS >>


IN THE BLOGOSPHERE
Love letters exchanged by Richard Nixon and his wife, Patricia, during their two-year courtship were unveiled this week at the Nixon Presidential Library and Museum in Yorba Linda, Calif. More from the LATimes blog LANow: MORE>>


SPORTS FIX

Ugh. Bulls missing Luol Deng, C.J. Watson and Richard Hamilton for tonight's matchup against Jeremy Lin and the Knicks: MORE>>

Penn State
trustees defend firing Joe Paterno: MORE>>

LATEST SPORTS NEWS >>


OFF THE CLOCK
jj More U.S. newspapers decide to move Doonesbury's series on abortion to their opinion pages or run them online only: MORE>>
 • Read the strip here: MORE>>
 • Trudeau: "I thought reproductive rights was a settled issue": MORE>>

Riccardo Muti
speaks out about fistfight that took place during a Chicago Symphony Orchestra concert: MORE>>

French actor Olivier Martinez confirms that he and Halle Berry are engaged: MORE>>



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

Weather |
Overcast and warm-ish, with a chance of a thunderstorm in the evening, then clear. Low of 46 degrees. See our weather page with radar and Tom Skilling's seven-day forecast: MORE>>



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