Chicago Business News - Money, Financial & Corporate News | NBC Chicago

Chicago Business News - Money, Financial & Corporate News

Tuesday, May 24, 2016 at 10:32 AM CDT

Sports Authority to Close All of Its Stores

Sports Authority to Close All of Its Stores

Sports Authority is getting ready to close all of its 463 stores and has launched a big going-out-of-business sale, according to NBC's "Today" show. The chain filed for bankruptcy protection a few months back,...

Wednesday, May 18, 2016 at 02:00 PM CDT

Fed Targets June for Possible 2nd Rate Hike

Fed Targets June for Possible 2nd Rate Hike

Federal Reserve officials believe that a June interest rate hike is likely at the central bank's next meeting in June if the economy keeps improving. Fed officials decided against raising rates at its...

Wednesday, May 18, 2016 at 08:21 AM CDT

More Than 4M Workers Newly Eligible for OT Pay

More Than 4M Workers Newly Eligible for OT Pay

More than 4 million U.S. workers will become newly eligible for overtime pay under rules to be issued Wednesday by the Obama administration. The policy changes are intended to counter erosion in overtime...

Tuesday, May 17, 2016 at 06:03 AM CDT

Startup Wants to Put Self-Driving Big Rigs on U.S. Highways

Startup Wants to Put Self-Driving Big Rigs on U.S. Highways

An engineer who helped steer Google's self-driving technology, is convinced autonomous big rigs will be the next big thing on the road to a safer transportation system. Anthony Levandowski left Google...

Friday, May 13, 2016 at 04:42 PM CDT

Crews to Clean Almost 90K Gallon Oil Spill: Shell

Crews to Clean Almost 90K Gallon Oil Spill: Shell

Shell says crews are preparing to clean up an oil spill in the Gulf of Mexico after about 88,200 gallons of oil were released from a flow line about 90 miles off the coast of Louisiana. Shell says five...

Thursday, May 12, 2016 at 02:27 PM CDT

McDonald's Testing Fresh Beef at 14 Restaurants

McDonald's Testing Fresh Beef at 14 Restaurants

McDonald's says it's testing fresh beef at 14 restaurants, but says it's too early to say whether fresh beef could replace its frozen patties nationally.

Thursday, May 12, 2016 at 07:37 AM CDT

Macy's Forecast Cut Ignites Retail Worries

Macy's Forecast Cut Ignites Retail Worries

Macy's reported disappointing quarterly sales Wednesday and slashed its full-year forecast, underscoring a slump in apparel demand at U.S. department stores, NBC News reported. The bleak start to 2016...

Wednesday, May 11, 2016 at 09:18 PM CDT

Nissan & Mitsubishi in Talks on Partnership

Nissan & Mitsubishi in Talks on Partnership

Scandal-plagued Mitsubishi Motors Corp. may have a suitor, Nissan Motor Co., headed by auto-industry turnaround guru Carlos Ghosn. Both companies acknowledged Thursday they were in talks on various issues...

Monday, May 9, 2016 at 01:52 PM CDT

Krispy Kreme Being Taken Private in $1.35B Deal

Krispy Kreme Being Taken Private in $1.35B Deal

Krispy Kreme is being taken private by JAB Beech in a deal worth approximately $1.35 billion. The doughnut company's stock soared more than 23 percent in Monday premarket trading. Krispy Kreme has more...

Sunday, May 8, 2016 at 05:56 PM CDT

Gas Prices Jump by 9 Cents Over Past 2 Weeks

Gas Prices Jump by 9 Cents Over Past 2 Weeks

The average price of gasoline has jumped by 9 cents over the past two weeks to $2.27 a gallon for regular grade. Industry analyst Trilby Lundberg said Sunday that the hike is mostly due to crude oil prices...

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