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Home prices tumble 16% The Standard & Poor's/Case-Shiller housing index tumbled a record 15.4 percent during the quarter while the monthly indices also clocked record declines. The 20-city index fell by 15.9 percent in June compared with a year ago, the largest drop since its inception in 2000. Chicago fared better than many, dropping 9.45 percent. Sun-Times columnist Jay Mariotti resigns Jay Mariotti, the opinionated and polarizing sports columnist for the Chicago Sun-Times, told the Chicago Tribune he resigned on Tuesday after 17 years with the paper. Chicago-area home buyers, sellers in tug o' war In rocky local real estate market, neither side appears to be willing to face reality1% DROP IN MEDIAN SALE PRICE FOR SAME PERIOD* Home buyers and sellers in the Chicago area just can't agree on the price of a house. Southwest latest airline to cut capacity Southwest Airlines Co., which had resisted the kinds of capacity cuts being made by other carriers, will eliminate nearly 200 flights early next year as it struggles with high fuel costs and a weakening economy. Five bidders for the Cubs, Zell confirms Tribune Co. CEO Sam Zell said Tuesday that the media conglomerate has chosen five bidders for the Chicago Cubs. Fewer uninsured than last year; poverty steady WASHINGTON (AP) _ The Census Bureau reports that the number of people lacking health insurance dropped by more than 1 million in 2007, the first annual decline since the Bush administration took office. Dow up 26 in mixed day NEW YORK (AP) _ Wall Street ended mixed Tuesday as concerns about the path of Hurricane Gustav sent oil prices higher and offset a better-than-expected reading on consumer confidence. Comments from the Federal Reserve about rising inflation added to the market's uneasiness. Oil rises on worries about Hurricane Gustav NEW YORK (AP) _ Oil prices swung higher Tuesday as Hurricane Gustav developed south of Haiti, raising concerns that the storm could slam into major oil operations in the Gulf of Mexico. Steelworkers ask for OK to strike ArcelorMittal The United Steelworkers union has asked more than 14,000 of its members at facilities run by ArcelorMittal, the world's largest steelmaker, to allow it to call a strike if ongoing contract negotiations fail. WGN veteran Dee exiting after 37 years | Video Merri Dee, the onetime anchor and longtime director of community relations at WGN-Ch. 9, is leaving Oct. 1 after 37 years with the station.