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

Chicago Business News - Money, Financial & Corporate News

Friday, Feb 3, 2017 at 01:21 PM CST

Target Cuts Some of Its Innovation Projects: Report

Target Cuts Some of Its Innovation Projects: Report

Target is reportedly cutting some of its innovation programs amid lower-than-expected holiday sales.

Thursday, Feb 2, 2017 at 08:08 PM CST

Snap Inc., Owner of Snapchat, Files for IPO

Snap Inc., Owner of Snapchat, Files for IPO

Snap Inc., owner of the popular disappearing-messages service Snapchat, seeks to raise up to $3 billion in an initial public offering. That number may change based on investor demand. Facebook raised $16 billion...

Wednesday, Feb 1, 2017 at 03:34 PM CST

Facebook Quarterly Earnings Top Expectations

Facebook Quarterly Earnings Top Expectations

Facebook reported quarterly earnings that beat analysts' estimates on Wednesday, and revenue that topped expectations, as grew ad revenue 53 percent in a quarter. Shares rose 3 percent after hours.Facebook's ad...

Wednesday, Feb 1, 2017 at 08:22 AM CST

Women Are, Very Slowly, Getting More Seats in the Boardroom

Women Are, Very Slowly, Getting More Seats in the Boardroom

The number of women sitting at the table in corporate boardrooms across the country is rising very slowly, but it's rising. Just over 15 percent of all director seats at publicly traded U.S. companies were held...

Wednesday, Feb 1, 2017 at 01:16 PM CST

Fed Leaves Key Rate Unchanged at Time of Uncertainty

Fed Leaves Key Rate Unchanged at Time of Uncertainty

The Federal Reserve has left its key interest rate unchanged at a time of solid economic gains but also heightened uncertainty surrounding the new Trump administration. The Fed said in a statement ending its...

Monday, Jan 30, 2017 at 10:52 AM CST

Owner of Garrett Popcorn to Buy Macy's Frango Brand

Owner of Garrett Popcorn to Buy Macy's Frango Brand

Macy’s Inc. has sold ownership of its premium chocolate brand, Frango, to Garrett Brands, the owner of Garrett Popcorn Shops.

Monday, Jan 30, 2017 at 11:31 AM CST

Toyota Loses 'World's Biggest Automaker' Title to VW

Toyota Loses 'World's Biggest Automaker' Title to VW

Toyota has relinquished the title of the world's biggest automaker, reporting Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen's 10.31 million. General Motors reports its...

Monday, Jan 30, 2017 at 03:24 PM CST

Starbucks to Hire 10,000 Refugees Over Next 5 Years

Starbucks to Hire 10,000 Refugees Over Next 5 Years

Starbucks says it will hire 10,000 refugees over the next five years, a response to President Donald Trump's indefinite suspension of Syrian refugees and temporary travel bans that apply to six other Muslim-maj...

Sunday, Jan 29, 2017 at 07:20 PM CST

Kochs Condemn Trump's Immigration Crackdown

Kochs Condemn Trump's Immigration Crackdown

Charles Koch first likened candidate Donald Trump's plan to ban Muslim immigrants to something Adolf Hitler would have done in Nazi Germany. The billionaire industrialist and his chief lieutenants offered a...

Saturday, Jan 28, 2017 at 07:41 PM CST

Tech Companies Protest Trump Immigration Order

Tech Companies Protest Trump Immigration Order

Google, Apple and other tech giants expressed dismay over an executive order on immigration from President Donald Trump that bars nationals of seven Muslim-majority countries from entering the U.S. The U.S tech...

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