Wall Street ended a relatively calm session with a moderate loss Tuesday as investors, while happy with the government's plans to spend $250 billion to buy stock in private banks, decided to cash in profits from Monday's massive advance as they refocused their attention on the economy.
The Bush administration's latest effort to resolve the financial crisis embraces an approach it had resisted just a few weeks ago.
Illinois communities will get a combined $172 million in federal funds for the purchase and redevelopment of foreclosed properties to eliminate blight, control crime and stabilize property values.
• CBS fires Channel 2 boss Joe Ahern
• U.S. to buy shares of banks
• Dow jumps record 936 on bailout hopes
• Bank or credit union? Deciding which works for you
• Huntley fitness center raises the bar(bell)
• Elginite gets engineering recognition
• Job growth means Elgin set for revival
• New Bibles alter form - not word - to draw readers
• Dems plan push for more aid legislation
• All that money you've lost -- where did it go?
• Wild session ends with Dow down 126 points
• Markets continue slide in Europe, Asia
• Suit: Sheriff must obey eviction orders
• McDonald's cuts off gay chamber of commerce group
• Experts: Steer clear of stocks if college, retirement are near
• Thursday: A year after all-time high, Dow in free fall
• Texas-style fare at Billy's Roadhouse
• Traders: 'We're in the 100-year flood'
• Top Dish
• Recalls
• Dow industrials fall over 600 points, below 9,000
• Sheriff willing to face contempt charges, but judge wants to talk first
• Why sheriff refuses to evict tenants
• Meltdown in Iceland
• Down market hits 1-year mark with no clear bottom
• Recalls
• Stocks plunge into abyss
• Developers turn to rentals in downturn
• Dominick's owner sees profit rise
• Stocks tumble as Wall Street worries about financials
• Mortgage relief deal
• Kraft to slash 400 jobs
• Wall Street tumbles amid global sell-off
• Recycling resale
• Managing e-mail overload
• DLA Architects among largest school design firms
• After-school no afterthought
• How disasters can affect the value of your stocks
• For bailout to work, housing market needs to mend
• Bailout becomes 'sweet' deal
• US jobless rate soars
• Candidates joust over economy
• Bush signs bailout bill
• Welcome to Moe's
• Wells Fargo gets Wachovia for $15.1 billion
• Job loss figures hit 5-year high
• Bailout foes flipping
• Bud Light gives up on yucks
• Colleges scramble as investment fund freezes
• Stocks dive on economic reports
• Top Dish
• BBB: Beware of ticket scams
• Bears' Lloyd to attend Circuit City grand-opening
• Kane Motorsports opening Elgin facility
• Farmers fueling new trend
• Playoffs spark excitement for screen printer
• Motorola to tout next generation Wi-Fi
• Numbers add up at suburban egg company
• Crisis throws curve at arenas
• Wall Street counting on help
• FDIC wants to temporarily boost bank deposit limits over $100,000
• Stocks surge higher; credit worries persist
• Midway Airport leased for $2.5 billion
• House rejects bailout: What should you do now?
• Mall opens amid economic fall
• Bars agree to stop serving alcohol after 7th inning
• Michael Reese hospital files for bankruptcy
• Reader's owner files for bankruptcy
• RECALLS
• Bailout discussion continues
• Consumers caught in credit bind
• Families’ life stories go digital
• Chicago area's first 'green' Jewel-Osco opens
• Political meltdown followed financial one
• Accord by Sunday in bailout?
• WaMu biggest bank to fail in U.S. history
• Entertainment resort's premier dining at Harvest
• Bailout deal breaks down
• DNA chief waits tables -- but not for tips
• Rescue team among the best
• Premium chocolate academy opens in Chicago
• Argonne work key to alternate dimension?
• CBS 2 wins National Emmy for derailment coverage
• New store for vacant Elgin building
• Veteran banker and First Midwest CEO dies
• Diagnosing your bank's health amid the crisis
• Early holiday shopping advice
• High-def makeup
• Capsonic Group wins supplier excellence award
• Chamber's role important to economic climate
• Smoking bans forcing gamblers to walk away
• IDOT: Watch for farm traffic during harvest
• Gold briefly surges as investors run for cover
• Stocks surge on report of entity for bad debt
• 'Heart of Chicago' will feature tour of new CBS studio
• Six ways to save on prescriptions
• Backup plan
• Alcatel-Lucent branches lays off 250
• Layoffs developing at Elgin photofinishing lab
• Gas prices expected to jump
• What to do, and not do, with your money
• GM unveils long-range electric car, the Volt
• Recalls
