Northern sued by college over loss

October 06 12:05:02 PM, Chicago Tribune

U. of Washington out millions on 'safe' investment For 20 years, Chicago-based Northern Trust Corp. held the hand of the University of Washington, providing it the kind of steady, safe investment services that earned the bank its nickname "the Gray Lady of LaSalle Street."

Source

Oil falls below $50
Oil prices fell below $53 to almost a two-year low Thursday as investors, worried by plummeting stock markets, priced in lower crude demand as the global economic downturn shapes up to be the worst in…
Hunter out, Wiebking in as Provena Health CEO
Steven Hunter is out after less than 18 months as chief executive of one of the Chicago area's largest hospital operators.
Democrats demand U.S. Big 3 offer survival plan
Reuters - Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion…
How financial stocks look vs. history's biggest market busts
When investors turn rabidly bearish on a stock market sector, history shows they can sell it down to levels that almost no one could have imagined in the good times.
Google to shut down virtual world Lively at year-end
The Internet giant, which launched the site less than five months ago, says it wants to focus on its core search business. …
How low can gasoline go? The slope is still slippery
Two independent stations declare price war against chains Oil's half-off sale got better Thursday as crude…
British retailers discount to lure shoppers
AP - Britain's top retailers are hoping unusual pre-Christmas discounts can convince consumers to open their wallets during a holiday season that coincides with a looming recession.
Fannie Mae, Freddie Mac to suspend foreclosures during holiday season
Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season.
Democrats postpone crucial vote on auto bailout
Democratic leaders in Congress sidetracked legislation to bail out the auto industry Thursday and demanded the Big Three develop a plan assuring the money would make them economically viable.
Dell profit tops Street view, shares rise
Reuters - Dell Inc, the world's No. 2 PC maker, posted a better-than-expected quarterly profit on Thursday as cost cuts offset lower revenue, sending its shares up about 6 percent.
Fannie Mae, Freddie Mac halting foreclosures
WASHINGTON -- Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season.
Abbott settles finofibrate claims
Abbott Laboratories said Thursday that it has reached a settlement of pending litigation and will pay about $184 million to resolve the claims.
Dems are postponing crucial vote on auto bailout
Democratic leaders in Congress sidetracked legislation to bail out the auto industry Thursday and demanded the Big Three develop a plan assuring the money would make them economically viable. …
Dow sinks nearly 445 points after last-minute sell-off
The blue-chip index closes the day at 7,552 -- its lowest since March 2003 -- as investors endure another spate of depressing economic news and anxiety over the fate of troubled U.S. automakers. …
S&P dives to lowest level since 1997
Reuters - Stocks plunged yet again on Thursday, as a frantic flight from risk prompted by investors' deepening economic fears drove the benchmark Standard & Poor's 500 index to its lowest level since 1997…
FTSE suffers losses
AFP - London shares were in the backfoot on Thursday as recession fears deepened on new data showing a surge in US jobless claims.
Oil at 3-year lows; gas below $2 in 23 states
Benchmark crude fell as low as $48.50 a barrel on the New York Mercantile Exchange. Oil prices today hit levels…
Dell 3Q profit falls as PC spending slows
ROUND ROCK, Texas -- Dell says its third-quarter profit fell 5 percent as businesses around the world spent less on computers.
NYSE to suspend trading in Hartmarx stock Nov. 26
The New York Stock Exchange said Thursday that it is preparing to suspend trading in the shares of Hartmarx Corp., because the Chicago apparel maker's depressed market capitalization no longer meets the…
Dow sinks nearly 445 points after last-minute sell-off
The blue-chip index closes the day at 7,552 -- its lowest since March 2003 -- as investors endure another spate of depressing economic news and anxiety over the fate of troubled U.S. automakers. …
General Growth hires bankruptcy advisor Sidley Austin
Debt-laden mall giant General Growth Properties Inc. has hired the law firm Sidley Austin as bankruptcy counsel while it negotiates with lenders for more time to restructure its $27 billion debt load. …
Congress rushes to extend jobless benefits
WASHINGTON -- Jarred by new jobless alarms, Congress hurriedly approved legislation today to keep unemployment checks flowing through the December holidays and into the new year for a million or more laid-off…
Low share price threatens Midway Games with delisting from NYSE
Video game publisher Midway Games is in danger of being de-listed from the New York Stock Exchange because of its low share price, the company said Thursday.
Steve and Barry's to begin liquidating
Steve & Barry stores and its parent company have abandoned plans to keep stores open during bankruptcy protection and will liquidate them over the next few months, according to a bankruptcy court filing. …