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

Chicago Business News - Money, Financial & Corporate News

Thursday, Mar 9, 2017 at 03:28 PM CST

Price of Oil is Plummeting, But Gas Prices Still High

Price of Oil is Plummeting, But Gas Prices Still High

Oil prices tumbled this week, but drivers dreaming of cheap summer road trips might want to temper their expectations: Experts say a host of factors, including overseas output cuts and refinery operations, will...

Thursday, Mar 9, 2017 at 12:02 PM CST

Staples to Close 70 Stores as US Sales Decline

Staples to Close 70 Stores as US Sales Decline

Staples announced Thursday it would close 70 stores in 2017 after reporting fourth-quarter sales that were far weaker than analysts expected. The largest U.S. office-supply chain reported a $548 million loss...

Thursday, Mar 9, 2017 at 01:32 PM CST

RadioShack Files for Bankruptcy Again, Closing 200 Stores

RadioShack Files for Bankruptcy Again, Closing 200 Stores

Troubled electronics retailer RadioShack has filed for bankruptcy for the second time in just over two years. The Fort Worth-based retailer filed its petition in bankruptcy court in Delaware on Wednesday. Com...

Friday, Mar 10, 2017 at 01:33 PM CST

EPA Set to Roll Back Federal Fuel-Economy Requirements

EPA Set to Roll Back Federal Fuel-Economy Requirements

The Trump administration is moving to roll back federal fuel-economy requirements that would have forced automakers to increase significantly the efficiency of new cars and trucks, a key part of former President...

Monday, Mar 6, 2017 at 08:40 PM CST

Trump Cheers Exxon Plan to Spend $20B on Gulf Coast

Trump Cheers Exxon Plan to Spend $20B on Gulf Coast

President Donald Trump and Exxon Mobil Corp. exchanged praise for each other on Monday as the company announced plans to create thousands of jobs by spending $20 billion over 10 years on plants along the Gulf...

Monday, Mar 6, 2017 at 05:30 PM CST

BCBG Sells More Than Just Clothes at Closing Illinois Stores

BCBG Sells More Than Just Clothes at Closing Illinois Stores

BCBG is selling more than just the last of its designer clothes at Chicago-area stores, the retailer is also putting a sale tag on its décor as well.

Monday, Mar 6, 2017 at 08:46 PM CST

Woman Seeks Right to Trial in Trump University Case

Woman Seeks Right to Trial in Trump University Case

A Florida woman wants to opt out of a settlement with President Donald Trump over fraud allegations at now-defunct Trump University, setting the stage for a possible trial if a federal judge agrees. Attorneys...

Sunday, Mar 5, 2017 at 06:53 AM CST

Trump Hotel May Be Political Capital of the Nation's Capital

Trump Hotel May Be Political Capital of the Nation's Capital

At a circular booth in the middle of the Trump International Hotel's balcony restaurant, President Donald Trump dined on his steak — well-done, with ketchup — while chatting up British Brexit politician Nigel...

Saturday, Mar 4, 2017 at 06:15 AM CST

Costco Raising Membership Fees

Costco Raising Membership Fees

Costco Wholesale Corp. announced Thursday that it's raising its membership fees, as the warehouse club operator released quarterly results that fell short of Wall Street's expectations. Its shares fell more than...

Friday, Mar 3, 2017 at 05:21 PM CST

Uber Deploys Secret Weapon Against Undercover Regulators

Uber Deploys Secret Weapon Against Undercover Regulators

Uber has been wielding a secret weapon to thwart authorities who have been trying to curtail or shut down its ride-hailing service in cities around the world. The program included a feature nicknamed "Greyball"...

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