Chicago Tribune from Chicago, Illinois • Page 1-22

CATERPILLAR to $25.44 Shares of the Peoria-based construction-equipment manufacturer jumped on speculation that China will announce a stimulus plan that would spur demand for new machinery. The stock remains 70 percent below its 52-week high of $85.96. U.S. BANCORP to $11.01 Stock of largest bank had the biggest percentage decline in the Standard 500 index after it cut its quarterly dividend 88 percent, to 5 cents per share. The company said it needsto preserve capital as the economy weakens.

BIG LOTS to $17.15 Shares of the largest U.S. seller of overstocked and discontinued items had the biggest percentage advance in the 500. The retailer reported quarterly earnings, excluding certain items, of $1 per share, surpassing the average analyst estimate. market movers 22 CHICAGO SECTION1 The major markets Russell 200010-yr T-noteGoldEuroCrude oil 3-month trend 3-month trend 3-month trend 6250 7000 7750 8500 9250 2720136302316922619125 DECEMBERJANUARYFEBRUARY 1200 1350 1500 1650 1800 2720136302316922619125 650 725 800 875 950 2720136302316922619125 Change since Dec. 4: Change since Dec.

4: Change since Dec. 4: DECEMBERJANUARYFEBRUARY DECEMBERJANUARYFEBRUARY to 371.30 to 2.98% to $906 to $1.2639 to $45.38 to 6875.84 DOW JONES High Low Previous 6979.22 6726.42 6726.02 to 1353.74 NASDAQ High Low Previous 1370.09 1333.88 1321.01 to 712.87 500 High Low Previous 724.12 698.60 696.33 NEW YORK STOCK EXCHANGE STOCKCLOSECHG. MOST ACTIVE STOCKS NASDAQ STOCK MARKET STOCKCLOSECHG. GenElec GE6.69-0.32 SPDR SPY71.73+1.66 BkofAm BAC3.59-0.05 WellsFargo WFC9.66-1.01 DirxFinBull FAS3.72-0.10 SPDR Fncl XLF6.89-0.09 JPMorgCh JPM19.30-1.71 ProUltSP SSO16.19+0.76 iShEMkt EEM21.64+1.42 Pfizer PFE12.50+0.63 iShR2K IWM36.99+0.75 iShCh25 FXI25.46+2.16 SprintNex S3.32+0.04 PwShs QQQ QQQQ27.33+0.71 Intel INTC12.76+0.48 Oracle ORCL14.96-0.05 Cisco CSCO15.25+0.86 Microsoft MSFT16.12+0.24 Dell Inc DELL8.88-0.27 DryShips DRYS3.90+1.11 Comcast CMCSA12.74+0.24 Nvidia NVDA8.46+0.58 Schwab SCHW11.92-0.24 Apple Inc AAPL91.17+2.80 Qualcom QCOM34.74+1.29 Yahoo YHOO13.16+0.66 Based on institutional ownership STOCKCLOSECHG. MOST WIDELY HELD Inc T23.00+0.33 AlcatelLuc ALU1.23+0.05 Apple Inc AAPL91.17+2.80 BkofAm BAC3.59-0.05 Cisco CSCO15.25+0.86 Citigrp C1.13-0.09 Disney DIS16.94+0.58 ExxonMbl XOM65.68+1.32 GenElec GE6.69-0.32 HewlettP HPQ28.65+0.48 Intel INTC12.76+0.48 IBM IBM89.49+1.72 JPMorgCh JPM19.30-1.71 JohnJn JNJ49.10+1.46 Microsoft MSFT16.12+0.24 Oracle ORCL14.96-0.05 Pfizer PFE12.50+0.63 ProctGam PG47.31+0.68 VerizonCm VZ28.15+0.84 WalMart WMT48.49+1.11 Based on total assets FUNDNAVCHG.YTD LARGEST MUTUAL FUNDS PIMCO: TotRetIs9.97-0.05-0.6 American Funds: CapIncBuA m35.92+0.62-13.5 American Funds: GrthAmA m17.76+0.41-13.3 American Funds: CpWldGrIA m21.55+0.63-18.9 American Funds: IncAmerA m11.08+0.11-14.2 American Funds: InvCoAmA m17.34+0.35-17.3 Fidelity: Contra38.79+0.58-14.3 American Funds: WAMutInvA m16.66+0.34-22.2 Vanguard: TotStIdx17.34+0.42-20.5 Vanguard: 500Inv65.96+1.56-20.6 American Funds: EurPacGrA m23.44+0.70-16.3 Vanguard: InstIdx65.54+1.55-20.6 Dodge Cox: Stock56.57+1.59-23.9 American Funds: BalA m11.68+0.14-14.5 American Funds: NewPerspA m15.85+0.44-16.0 PIMCO: TotRetAdm b9.97-0.05-0.6 American Funds: FnInvA m20.88+0.58-16.0 American Funds: BondA m10.48-0.05-1.7 Fidelity: DivrIntl d17.28+0.60-19.7 Vanguard: Welltn21.13+0.25-13.5 FrankTemp-Franklin: Income A m1.42...-12.9 Dodge Cox: IntlStk16.85+0.68-23.1 Fidelity: GrowCo42.83+1.13-12.5 Vanguard: 500Adml65.97+1.56-20.6 PIMCO: TotRetA m9.97-0.05-0.7 Vanguard: TotBdId9.98-0.04-1.2 Vanguard: TotStIAdm17.34+0.42-20.5 Fidelity: Magellan38.24+1.20-16.6 Vanguard: GNMAAdml10.56-0.01+0.6 Fidelity: LowPriStk d18.97+0.46-17.9 Vanguard: GNMA10.56-0.01+0.6 Vanguard: InstPlus65.55+1.55-20.6 Vanguard: MuIntAdml12.93-0.05+2.5 Vanguard: WndsrII14.79+0.35-22.6 Vanguard: TotIntl d8.43+0.33-21.9 Fidelity: Bal11.56+0.17-11.9 Dodge Cox: Income11.65-0.04-1.2 Davis: NYVentA m18.23+0.41-22.8 Fidelity: Free20208.68+0.13-13.6 Vanguard: WelltnAdm36.51+0.44-13.4 Vanguard: TotBdAdml9.98-0.04-1.2 Fidelity: Puritan11.59+0.13-11.3 Fidelity: EqInc23.31+0.56-24.5 Vanguard: TotBdInst9.98-0.04-1.2 Vanguard: Prmcp d37.31+1.04-16.2 Rowe Price: GrowStk17.55+0.49-8.8 Harbor: IntlInstl d31.24+1.35-22.1 Dodge Cox: Bal42.40+0.72-17.3 FrankTemp-Franklin: CA TF A m6.42-0.02+4.1 Fidelity Spartan: USEqIndxI25.32+0.60-20.6 FOOTNOTES FOR MUTUAL FUNDS: fee covering market costs paid from fund assets; deferred sales charge or redemption fee; front load (sales charges); multiple fees charged, usually marketing fee and either sales or redemption fee; NA not available; previous net asset value; fund split shares during week; fund paid distribution during week PREV.CLOSE SPOT METALS DURATIONCLOSEPREV.

TREASURY YIELDS A U.S. dollar buys FOREIGN EXCHANGE COMMODITYAMOUNTPRICEMO.OPENHIGHLOWSETTLECHG. FUTURES 25 largest companies based in Illinois or NW Indiana, by market cap STOCKCLOSECHG. LOCAL STOCKS Gold913.75908.50 Silver12.54512.955 Platinum1094.001050.00 3-month disc0.260.27 6-month disc0.430.43 Australia Brazil Britain Canada China Euro India Japan Mexico Poland WHEAT (CBOT) 5,000 bu mincents per bushelMar511512.25497511.75+21.50 May523.25526501.50523+21.25 CORN (CBOT) 5,000 bu mincents per bushelMar354.50357340355.25+11.75 May362.50365347363.50+13 SOYBEANS (CBOT) 5,000 bu mincents per bushelMar876.25888.25860875.50+12.50 May869878.75847.25868.50+15 SOYBEAN OIL (CBOT) 60,000 lbscents per lbMar30.7530.8830.1430.74+.55 May31.0131.2230.2530.99+.57 SOYBEAN MEAL (CBOT) 100 per tonMar275.00279.20270.00274.20+2.50 May268.10273.00262.40267.30+2.60 LIGHT SWEET CRUDE (NYMX) 1,000 per bbl.Apr44.5745.7641.0445.38+3.73 May46.4747.5043.1947.20+3.29 NATURAL GAS (NYMX) 10,000 mm per mm btuApr4.3104.3494.1414.340+.058 May4.3384.4244.2194.419+.069 NY HARBOR GAS BLEND (NYMX) 42,000 per gallonApr1.36071.38451.30501.3816+.0622 May1.36171.38521.30601.3826+.0652 AbtLab ABT47.18+1.36 Allstate ALL16.16+0.60 Aon Corp AOC38.07+0.78 ArchDan ADM26.42+0.94 Baxter BAX52.50+0.58 Boeing BA30.31+0.95 CF Inds CF62.74+1.46 CME Grp CME188.19+10.32 Caterpillar CAT25.44+2.97 DeVry DV46.17-3.31 Deere DE26.92+1.63 EqtyRsd EQR17.91+0.95 Exelon EXC45.78+1.12 Graingr GWW64.40+0.55 Hospira HSP23.01+0.64 ITW ITW28.43+0.88 Kraft KFT21.95+0.01 McDnlds MCD53.15+0.72 Motorola MOT3.45+0.15 NorTrst NTRS53.07-1.24 Potash POT74.63-2.07 SaraLee SLE7.47+0.21 SearsHldgs SHLD36.36+1.41 Stericycle SRCL49.18+1.54 Walgrn WAG22.78+0.01 INTEREST RATES Prime Rate3.25 Discount Rate Primary0.50 Fed Funds Target.00-.25 Money Mkt 30-day avg1.00 FOOTNOTES FOR STOCKS: cld issue called for redemption; new 52-week low; ec formerly listed on Emerging Co. Marketplace; dividends, earnings in Canadian dollars; does not meet continued- listing standards; lf late filing with SEC; new issue in last year, 52-week high, low calculated from start date; pf preferred stock issue; pr preferences; pp holder owes installments of purchase price; rs reverse stock split, decreasing outstanding shares by at least 50 percent in past year; rt right to buy security at specified price; stock split, increasing outstanding shares by at least 20 percent in past year; wi trades settled when stock is issued; wd when distributed; wt warrant, allowing purchase; new 52-week high; un unit, including more than one security; trading halted; vj in bankruptcy, receivership or being reorganized under bankruptcy Find comprehensive stock data and the latest news at chicagotribune.com/stocks Stocks online Call TellMe Networks at 800-555-TELL (8355) for updated stock quotes.

Say when prompted, then say your name or type the ticker symbol using your keypad. Stocks by phone BUSINESS Market roundup FROM TRIBUNE NEWS SERVICES Stocks broke a five-day losing streak Wednesday as hope spread that China and the U.S. are taking convincing action to restart their economies. Speculation that China will unveil more government spending this week on major construction projects drove up worldwide prices for raw materials and the companies that produce them. In Washington, the Oba- ma administration announced details of a plan that could help struggling homeowners by lowering the cost of their monthly mortgage payments.

are cheap, and the sun will rise said Lawrence Creatura, a money manager at Federated Investors a ray of sunshine in two areas: China and housing. an incremental positive for both commodities and The rally was broad, lifting shares in every industry except for financial services. Major indicators surged more than 3 percent during trading before ending with gains of more than 2 percent. The advance followed five straight sessions of selling that left major indexes at levels not seen in more than a decade. everyone was expecting some sort of a bounce; we just know exactly when that would said Randy Frederick, director of trading and derivatives at Charles Schwab.

go down The Dow Jones industrial average rose 149.82, or 2.2 percent, to 6875.84. Broader indexes also rose. The Standard 500 index added 16.54, or 2.4 percent, to 712.87.The Nasdaq composite index gained 32.73, or 2.5 percent, to 1353.74. The 500 is trading at its cheapest level since 1986, according to data compiled by Yale University professor Robert Shiller. He uses a decade of earnings to smooth out short-term fluctuations.

very said Nicholas Colas, chief market strategist at BNY ConvergEx. been slim comfort in the last couple of months, but still But analysts warned that the advance could be fleeting. going to be a little bit of a lack of conviction this week, particularly ahead of the Friday employment said Bill Stone, chief investment strategist at PNC Wealth Management. Reason for optimism sends stocks higher U.S., China efforts to lift economies halt losing streak Shangri-La Hotels and Resorts said it is dropping plans for a 200-room luxury hotel in the long-stalled Waterview Tower project overlooking the Chicago River at 111 W. Wacker Drive.

the current economic environment, regrettably, the implementation of the hotel project has been suspended with no indication of when activities will the Hong Kong- based company said in a statement. The company served notice on the developer terminating its contracts relating to this it said. Executives with the developer, Chicago-based Teng, could not be reached. Construction on the 90- story tower has been frozen while the developer attempted to secure financing in a difficult credit market. The concrete shell rises just 26 floors.

Bergen Waterview hotel project scuttled U.S. Cellular is planning to close 10 stores in the Midwest this year, with a location at Clark Street and Wellington Avenue in Chicago shuttering by March 16, according to an internal memo. The memo also named three suburban locations already considered closed for budget purposes. Other sites targeted for closing are kiosks at the Woodfield and Fox Valley malls and stores in Springfield and Ft. Wayne, Ind.

The 13 closings are ex- pected to trim an annual $1.2 million from U.S. budget. The company potentially could shut another five stores in the second half of 2009, the memo said. The Chicago-based company declined to confirm the full list of stores. Shelley Boersma, regional vice president for U.S.

Cellular, said that a business, we close stores that are under- performing and move our associates to stores where needed most. While closed a few stores recently, we reduced our head Boersma said the company is planning to open a new store near Clark and Wellington. U.S. Cellular, which is majority owned by Telephone and Data Systems has approximately 6 million customers in 26 states and employs 8,000 people. Wong and Ameet Sachdev U.S.

Cellular targets 10 Midwest stores for closing By Rebecca Cole WASHINGTON BUREAU WASHINGTON Joseph Zucchero, master of the Italian beef at a popular River Northsandwich stand, has been dishing out his drippy, spicy fare for 30 years. But Mr. Beeffaces foreclosure. At the invitation of a Chicago congressman investigating what happened with the federal bank bailout, Zucchero came to Washington on Wednesday to testify about his difficulty securing a new line of his bank, Midwest Bank, received $85 million from the Treasury Department in November. The hearing focused on whether the $750 billion program has been successful in freeing up credit for U.S.

businesses, especially small and midsizecompanies. Zucchero insisted it has not. small businesses are being starved of needed lines of credit or are having their lines of credit not renewed upon he told the House Subcommittee on Financial Institutions and Consumer Credit. only have I seen and heard this from a variety of small businesses, but I have personally lived this financial troubles surfaced last year when he and his business partner failed to pay off three loans for $334,000, $225,000 and $100,000, according to a foreclosure lawsuit that Midwest Bank filed in Cook County Circuit Court in December. Zucchero said he tried to refinance the loans.

In committee testimony, he said he has never missed a loan payment. However, foreclosure documentation shows defaults on payments in October and November. Midwest Bank said it could not comment on pending litigation or specific loans. But the bank said it not initiate any legal action, including foreclosure proceedings, unless the bank has a legal right to do so because the terms and conditions of the loan agreement have not been Some find it incredulous that Mr. Beef could be struggling.

A Mr. Beef regular, subcommittee Chairman Luis to long lines snaking out the door of the hear this story day in and day out, that the choking of is causing thriving businesses to fail, Gutierrez added. if you have a business that makes money, they will not extend to you the Zucchero and his business partner are in default on a loan of $300,000 for another restaurant, which the pair opened in March 2008. That loan is not held by Midwest Bank. Restaurateur takes beef to Washington Joseph Zucchero, who owns Mr.

Beef in Chicago, testifies before a House subcommittee. BRENDAN THE TRIBUNE By Richard Wronski TRIBUNE REPORTER Rosemont has agreed to sell 14 acres of village-owned property to a joint venture that plans to build a $275 million enclosed outlet mall in the northwest suburb, officials said Wednesday. The two-level, 120-store mall would be known as Fashion Outlets of Chicago at Rosemont, officials said. It would be built by a partnership that includes Silver- Rock Development Group of Chicago and AWE Talisman of Coral Gables, on land just east of the Tri-State Toll- way (Interstate Highway 294) at Balmoral Avenue. AWE Talisman owns and operates Fashion Outlets of Las Vegas, Santa Fe and Niagara Falls.

The developers will pay $10.4 million for the property, Rosemont Mayor Bradley Stephens said. But the sale close until early next year to allow time for developers to secure financing during the economic downturn. Completion would be in 2011 at the earliest. cautiously optimistic the economy will return at some said Marc Offit, chairman and chief executive of Sierra Realty sister company of SilverRock. The shopping center would be the first enclosed mall built in the Chicago area in nearly 20 years, Offit said.

no financing today for new development. the biggest Offit said. SOURCE: ESRI, TeleAtlas TRIBUNE 90 294 MILE Rosemont Airport RIVER RD. Site of proposed mall Rosemont paves way for mall Product: CTMAIN PubDate: 03-05-2009 Zone: ALL Edition: HD Page: 1-22 User: jmystkowski Time: Color:.