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Articles filed under Business

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  • Boeing reports 4Q profit of $1.47 billion on airplane sales Jan 28, 2015 9:24 AM
    Demand for commercial jet airliners boosted Boeing Co.’s fourth-quarter profit by 19 percent, topping Wall Street expectations by a wide margin and offsetting weakness in the defense business. Boeing offered a muted outlook for 2015, however. Falling oil prices, which make jet fuel much cheaper, might hurt airlines’ demand for new, more fuel-efficient planes.

  • Sears lays off more than 100 workers Jan 28, 2015 1:09 PM
    Sears said it has laid off 100 workers at its Hoffman Estates headquarters and about 15 more at other offices. The company aims to streamline and reduce expenses while “we manage the strategic needs of the business,” said spokesman Howard Riefs.

  • Facebook launching Trending Super Bowl for the big game Jan 28, 2015 12:01 PM
    As Facebook's latest step into sports, the social media giant is launching Trending Super Bowl - a real-time hub for content from Sunday's game between the Patriots and Seahawks. The hub will allow followers to see how the game is going on a scoreboard module, while also viewing Super Bowl-related posts, photos and video posted by professional media, celebrities and friends.

  • Schaumburg sets medical marijuana impact fee Jan 28, 2015 5:02 PM
    Schaumburg officials Tuesday set an annual impact fee of $37,752 for any medical marijuana dispensary that may locate within the village. The impact fee reflects the presumed cost of one police call and one paramedic call per week to the dispensary, officials said.

  • Stocks fade late as oil dips, Fed gives investors pause Jan 28, 2015 5:03 PM
    US stocks fade late as dip in oil drags down energy companies; Fed gives investors pause

  • Tupperware and Apple are big market movers Jan 28, 2015 5:33 PM
    United States Steel, Apple, Tupperware, Electronic Arts and Gentex are big market movers

  • Cubs owner Tom Ricketts says World Series prediction not 'completely crazy' Jan 28, 2015 5:51 AM
    Cubs chairman Tom Ricketts said Tuesday that a national sports publication's prediction of his team winning the World Series may not be that far off. And unlike previous years' prognostications, Ricketts brought a PowerPoint presentation to his address to suburban business leaders that explains why he thinks the Sporting News isn't “completely crazy.”

  • Elk Grove officials want new group to focus on business park Jan 28, 2015 5:30 PM
    Elk Grove Village plans to disband its industrial and revitalization commission and replace it with a new group that officials hope will accelerate revitalization efforts in the village’s sprawling business park. The new group would include more owners of businesses in the park, officials say.

  • St. Charles wants to bring solar power to residents Jan 28, 2015 1:07 PM
    St. Charles wants to bring a 500KW solar plant to the city. It would be the first municipality in the Illinois Municipal Electric Agency to have a solar plant. Naperville may also be a competing community. The plant will cost the city nothing to host and would provide residents access to solar power for the first time.

  • 1st time advertisers gamble on Super Bowl ads Jan 28, 2015 4:41 PM
    More Super Bowl ad rookies will be trying to score a touchdown this Sunday. There will be 15 new Super Bowl advertisers this year, the most since 2000, before the economy fell into what would be the first of two recessions since. Advertising experts say the rookie interest in Super Bowl ads is a positive sign that companies are feeling good in the most recent economic recovery.

  • Renting out homes for Super Bowl can bring big bucks Jan 28, 2015 7:11 PM
    Hundreds of people gather every year to hobnob with A-list celebrities at a charity bash thrown in the Super Bowl’s host city. But instead of heading to a trendy nightclub or swanky restaurant, organizers this year are throwing the party inside a private home. The location reflects a trend in the Phoenix area, where homeowners have been renting their houses and condos to out-of-towners, a move that can bring big earnings for those willing to take the risk.

  • Architectural embellishments add a bit of awe to decor Jan 28, 2015 6:00 AM
    Any room is just but four walls with a ceiling and a floor. What makes a room remarkable are the details. Just about every room in the world can be awe-inspiring — it all depends on what treatments and embellishments the room has or could have.

  • Geneva postpones vote on townhouse plan Jan 28, 2015 6:24 PM
    The Geneva city council has tabled discussion of a proposal to build 30 townhouses where seven houses now stand between Stevens and North streets, west of Route 31.

  • AKHAN may be joined by technology incubators when it starts operating in Gurnee business park Jan 28, 2015 11:02 AM
    Adam Khan says his high-tech company specializing in diamond film semiconductors may not be alone when it moves into a Gurnee office park. Khan told the Gurnee village board this week that four or five technology incubators may join his AKHAN Semiconductor Inc. in a 120,000-square-foot space near the Tri-State Tollway.

  • Wheeling’s proposed stormwater fee would take effect in August Jan 28, 2015 5:30 AM
    Wheeling officials are planning to start charging businesses and residents a stormwater utility fee this August. The proposed fee, showing up on water bills, would pay for projects designed to curb flooding and for the upkeep of the village's existing infrastructure. The other option would have been raising property taxes. "This has been a long time coming," said Trustee Ken Brady, who sits on the village's stormwater committee.

  • McDonald's CEO steps down as sales decline Jan 29, 2015 6:15 AM
    McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and transform its image. The company said Thompson, who has been CEO for two-and-a-half years, will be replaced by Steve Easterbrook, a company veteran who rejoined McDonald's as its chief brand officer in 2013.

  • Top 10 Reasons to Attend the VP Business Showcase Event! Jan 28, 2015 7:25 AM
    Top 10 Reasons to Attend the VP Business Showcase Event!

  • Disappointing earnings reports send stocks lower Jan 27, 2015 4:16 PM
    The major stock indexes got off to a rough start early on, each opening sharply lower as investors digested the company earnings news.A report showing that sales of new U.S. homes accelerated 11.6 percent last month failed to veer the market from its slide.

  • Oppenheimer to pay $20 million in settlements with regulators Jan 27, 2015 4:12 PM
    The sanctions imposed on the firm “reflect the magnitude of Oppenheimer’s regulatory failures,” SEC Enforcement Director Andrew Ceresney said in a statement.

  • Obama says US must update laws on drones Jan 27, 2015 11:31 AM
    The United States has fallen behind technological advancements that have made small drones readily available and must update its laws to ensure safety, President Barack Obama said Tuesday, in his first public comments about a drone that crashed on the White House grounds.

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