Articles filed under Business

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  • Expect your Super Bowl wings to be fat, but pricey Jan 24, 2015 5:47 PM
    “It’s a good thing the Super Bowl pastime is chicken wings and not hamburgers,” said Andy Wiederhorn, chief executive officer of the Beverly Hills, California-based Buffalo’s Cafe, where a pound of wings costs about 5 percent to 10 percent more than this time last year at its 50 locations in the U.S. and Canada. “The prices have been generally reasonable, unlike beef prices, which have skyrocketed to record highs.”

     
  • Questions about AKHAN, looking to move to Gurnee, surface in complaint Jan 24, 2015 7:32 AM
    Questions about the viability of a project touted by AKHAN Semiconductor — a high-tech company being lured to Gurnee with millions of dollars in state and local incentives — have surfaced in a complaint filed with a federal agency by a former Argonne National Laboratory executive.

     
  • McDonald’s trying to be all things to all people Jan 23, 2015 5:26 PM
    It’s not just the length of the menu that has been perplexing to McDonald’s customers — it’s the pricing structure. The company thinks of its products in three categories: entry level, core and premium. To keep its popular Dollar Menu pricing in place for entry-level items, it was forced to nudge prices up on core items, a category that includes the Big Mac and Quarter Pounder with Cheese.

     
  • Stocks fall, snapping 4-day winning streak Jan 23, 2015 4:51 PM
    Stocks have wavered since the start of the year on signs that growth outside of the U.S. was slowing. Many investors worried that a pronounced slowdown would eventually curb the U.S. economic recovery.

     
  • Illinois jobless rate falls to 6.2 percent Jan 23, 2015 4:03 PM
    The last time Illinois’ jobless rate was as low as 6.2 percent was May 2008, when it stood at 5.9 percent. As the recession worsened in the following months, it started to rise and was above 9 percent as recently as mid-2013.

     
  • Mexican restaurant opening in Randhurst Village in March Jan 23, 2015 7:10 PM
    A new Mexican restaurant is moving into Randhurst Village, right next to the AMC Theaters. On Tuesday, the Mount Prospect village board approved a liquor license for Truco, a taqueria and margarita bar at 211 Randhurst Village Drive. The target date for opening is sometime in March.

     
  • Amazon to collect Illinois sales tax starting Feb. 1 Jan 23, 2015 3:09 PM
    Online retail giant Amazon will start collecting sales taxes Feb. 1. Before, online outfits like Amazon that had no physical connection to Illinois didn’t have to collect state sales taxes, but shoppers were still supposed to pay the sales taxes they owed every year.

     
  • New eatery proposed for shuttered space at Elgin golf course Jan 23, 2015 8:38 PM
    The owner of the Elgin Public House is hoping to operate a second restaurant in Elgin, on the grounds of a city-owned golf course, in about three months. Grumpy Goat Tavern, which is in The Highlands of Elgin clubhouse at 875 Sports Way, will open in the space of the now-closed Hickory Stick Bar and Grille, owner Greg Shannon said. The city council’s committee of the whole will considera lease agreement with Shannon at Wednesday’s meeting.

     
  • Arlington Hts. chamber inducts new leader, celebrates 2014 Jan 23, 2015 12:47 PM
    Arlington Heights had a positive year for business in 2014, according to the chamber of commerce, but officials are expecting and even better year in 2015. More than 200 members of the Arlington Heights chamber celebrated the past year’s accomplishments and inducted the next board president at the annual installation dinner at the Doubletree by Hilton Chicago-Arlington Heights on Thursday night.

     
  • Rauner says he’ll have own plan for making community colleges affordable Jan 23, 2015 6:40 PM
    Gov. Bruce Rauner called Harper College a model for what Illinois’ community colleges need more of: partnerships with employers and training for technical jobs. Rauner mixed his business principles with his education philosophies in a keynote at the unveiling of Harper’s new Career and Technical Education Center after a $38 million renovation. "We should think strategically cradle to career,” Rauner said.

     
  • Group that gives books to at-risk kids gets big donation from Goddard School Jan 23, 2015 4:11 PM
    The Goddard School donated 25,000 new and gently used books to Bernie' s Book Bank in Lake Forest on Friday to coincide with National Reading Day.

     
  • Barrington-area chamber sends good vibrations at gala Jan 23, 2015 6:09 AM
    Business leaders and community members gathered Thursday night for the Barrington Area Chamber of Commerce's second annual gala and silent auction. The theme of the evening was “good vibrations." “One of the most powerful thing the chamber does is it connect people,” Corr said. “Every event is about providing members with the opportunity to make positive business relationships.”

     
  • Give new life to your old carpet Jan 23, 2015 12:00 AM
    Is your white carpet gray? Plain carpeting looks like it's patterned? Well, all is not lost and you may not have to replace it just yet. Try some of these fixes for common spots and stains and see if you can't get another year out of your old carpet.

     
  • Consumer agency’s website gets an incomplete grade Jan 23, 2015 12:01 AM
    WASHINGTON — When the federal government’s consumer protection agency for financial matters tells you how to shop for a good deal on a home mortgage, you should follow the advice, right?

     
  • Housing market to make slight gains in 2015 Jan 23, 2015 12:01 AM
    Home sales and prices should rise modestly this year as the economy improves and more first-time buyers come into the market.

     
  • Problems with wet insulation found during inspection Jan 23, 2015 12:01 AM
    Q. I recently did a home inspection on a new house and found problems involving wet cellulose insulation in the walls. The insulation was installed about three months ago and the wall panels under the siding are now warped. In fact, the panels are still wet and so is the insulation. Installing wet insulation inside the walls of a home seems like a bad idea, but I’d like to know what you think about it.

     
  • Neighborhood profile: Washington Village, Grayslake Jan 23, 2015 12:01 AM
    When Denise Meyer and Jeffrey Welker looked to purchase a larger home, they had three priorities in mind: good schools, nearby parks and a nice, well-built house. That criteria led them to Washington Village in Grayslake.

     
  • Live video game to test math skills of families at auto show Jan 23, 2015 11:05 AM
    Automation Workz 2015 live video game to test math skills of families at Detroit auto show

     
  • Microsoft pushes into future with holographic glasses Jan 23, 2015 1:01 AM
    Microsoft's HoloLens will let users see holograms while tracking a user's voice, motions and surroudnings. HoloLens consists of dark glasses with a silver band that goes around the user’s head. It features a new chip designed by Microsoft that processes the wearer’s voice, gestures and information from the headset’s surroundings.

     
  • Expedia buys booking site Travelocity for $280M in cash Jan 23, 2015 10:14 AM
    Expedia has acquired travel booking site Travelocity from the Sabre Corp. for $280 million in cash. The deal adds to Expedia’s growing portfolio of websites. The Bellevue, Washington-company already owns nearly a dozen travel sites including Hotels.com, Hotwire and Egencia, the world’s fifth-largest corporate travel management company. Since 2013, Expedia Inc. has been powering Travelocity’s U.S. and Canadian websites and providing Travelocity access to Expedia hotel supply and customer service program. So for users, this acquisition will have little noticeable change. The move allows Sabre to focus more on its back-end system for selling airline tickets, hotel rooms and car rentals. Sabre is one of three global distribution system companies — along with Travelport and Amadeus — that handle sales for travel agencies and online booking sites like Expedia. “Travelocity is one of the most recognized travel brands in North America, offering thousands of travel destinations to more than 20 million travelers per month,” Dara Khosrowshahi, CEO of Expedia, Inc. said in a statement. Expedia’s shares rose $1.53 to $87.24 in morning trading Friday. Competitor Orbitz Worldwide Inc. saw its stock price spike earlier this week on reports it is considering selling itself. Its shares rose 9 cents to $10.07 Friday morning.

     
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