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

Chicago Business News - Money, Financial & Corporate News

Thursday, May 5, 2016 at 05:14 PM CDT

Proposed Rule May Allow Class-Action Suits Against Banks

Proposed Rule May Allow Class-Action Suits Against Banks

A rule proposed Thursday by the Consumer Financial Protection Bureau may ban mandatory arbitration clauses that prevent consumers from filing class-action lawsuits against their banks and credit card companies...

Thursday, May 5, 2016 at 01:21 PM CDT

Ikea Announces Plans for First Wisconsin Location

Ikea Announces Plans for First Wisconsin Location

Ikea has announced plans to open its first store in Wisconsin, expanding the retailer’s presence in the Midwest.

Wednesday, May 4, 2016 at 11:17 AM CDT

Hulu Will Offer Live-Streaming Service in 2017

Hulu Will Offer Live-Streaming Service in 2017

Hulu will offer a live-streaming service in 2017 that will provide a mix of cable and broadcast programming as well as news, sports and events. That pits the streaming service against similar offerings...

Wednesday, May 4, 2016 at 10:16 AM CDT

Aéropostale Files for Bankruptcy Protection

Aéropostale Files for Bankruptcy Protection

Aéropostale, once the vibrant epicenter of the U.S. mall scene, is seeking Chapter 11 bankruptcy protection. The New York company said Wednesday that it is closing 113 of its 739 U.S.

Monday, May 2, 2016 at 04:26 PM CDT

Sports Authority to Auction Assets on May 16

Sports Authority to Auction Assets on May 16

National retail chain Sports Authority's future looks pretty bleak. The company announced in early March that it planned to close 140 of its 463 stores and filed for Chapter 11 bankruptcy protection in...

Monday, May 2, 2016 at 06:08 AM CDT

Australian Claims He's Founder of Bitcoin Digital Cash

Australian Claims He's Founder of Bitcoin Digital Cash

An Australian man long thought to be associated with the digital currency Bitcoin has publicly identified himself as its creator. BBC News said Monday that Craig Wright told the media outlet he is the...

Friday, Apr 29, 2016 at 07:42 AM CDT

Rovi Buying TiVo in $1.1.B Cash-and-Stock Deal

Rovi Buying TiVo in $1.1.B Cash-and-Stock Deal

Rovi Corp. said Friday that it will pay $10.70 in cash and stock for each TiVo Inc. share. Rovi will pay $2.75 per share in cash, or about $277 million. The rest, $7.95 per share, will be paid in stock. Once...

Thursday, Apr 28, 2016 at 07:09 PM CDT

Prime Help Boost Amazon's Profits

Prime Help Boost Amazon's Profits

Prime shoppers helped drive Amazon's surprise profit surge in the first quarter. Shares of the e-commerce giant jumped in after-hours trading Thursday after it reported a 28 percent jump in revenue, to...

Wednesday, Apr 27, 2016 at 05:06 PM CDT

Facebook Reports Stronger-Than-Expected 1Q Results

Facebook Reports Stronger-Than-Expected 1Q Results

Facebook posted stronger-than-expected results for its first quarter, helped by a growing number of users and higher advertising revenue, especially on mobile devices. The social media giant on Wednesday...

Wednesday, Apr 27, 2016 at 03:21 PM CDT

'Partners': Chobani CEO Gives Employees Shares in Company

'Partners': Chobani CEO Gives Employees Shares in Company

Chobani said Tuesday it is giving its employees an ownership stake in the privately held company. The Greek yogurt maker said the shares being distributed would amount to 10 percent of the company's future...

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