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

Chicago Business News - Money, Financial & Corporate News

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...

Wednesday, Apr 27, 2016 at 02:24 PM CDT

Fed Keeps Key Rate Unchanged, Gives No Hint of Next Hike

Fed Keeps Key Rate Unchanged, Gives No Hint of Next Hike

The Federal Reserve is keeping a key interest rate unchanged against the backdrop of a global economic slump and providing no hint of when its next rate hike may occur. A statement the Fed issued after...

Wednesday, Apr 27, 2016 at 01:06 PM CDT

McDonald's Testing No-Preservative McNuggets

McDonald's Testing No-Preservative McNuggets

McDonald's is testing Chicken McNuggets with no artificial preservatives as it works to revive its U.S. business. The world's biggest hamburger chain says it began testing the new recipe in about 140 stores in...

Tuesday, Apr 26, 2016 at 03:25 PM CDT

What To Do If You Are Audited by the IRS

What To Do If You Are Audited by the IRS

You've received a letter from the IRS regarding an audit. Stay calm and assess the situation.

Monday, Apr 25, 2016 at 06:36 PM CDT

DoJ Approves Charter Deal to Buy Time Warner Cable

DoJ Approves Charter Deal to Buy Time Warner Cable

The U.S. Justice Department approved Charter Communications' proposed purchase of Time Warner Cable and Bright House networks on Monday, Reuters reports. The Justice Department valued the purchase of Time...

Friday, Apr 22, 2016 at 09:57 AM CDT

Sears, Kmart to Close 78 Stores Nationwide

Sears, Kmart to Close 78 Stores Nationwide

Sears Holdings Corp. will close another 78 stores — 68 Kmart units, and 10 Sears stores — as it looks to restore profitability. That accounts for about 5 percent of its store base, which is nearly 1,700...

Thursday, Apr 21, 2016 at 07:51 PM CDT

Trans-Alaska Pipeline Resumes Oil Production After Fire

Trans-Alaska Pipeline Resumes Oil Production After Fire

The Trans-Alaska Pipeline resumed operations after a fire at a pumping station forced officials to shut it down on Wednesday, according to the company running the system, NBC News reported. An employee noticed...

Thursday, Apr 21, 2016 at 05:33 PM CDT

Sears to Close 68 Kmart, 10 Sears Stores This Summer

Sears to Close 68 Kmart, 10 Sears Stores This Summer

Sears Holdings Corp. is announcing Thursday that it will close 68 Kmart stores and 10 Sears stores as it struggles to restore profitability.

Tuesday, Apr 19, 2016 at 04:09 PM CDT

Intel to Cut 12K Jobs, Reducing Workforce by 11 Percent

Intel to Cut 12K Jobs, Reducing Workforce by 11 Percent

Shares of Intel fell nearly 3 percent after the bell Tuesday as it announced it would cut 12,000 jobs, or 11 percent of its workforce, by 2017, due to restructuring, CNBC reports. Intel, based in Santa Clara,

Monday, Apr 18, 2016 at 10:31 AM CDT

Last-Minute Tax Day Filing: How to Pay Uncle Sam at Deadline

Last-Minute Tax Day Filing: How to Pay Uncle Sam at Deadline

Waiting until the last minute to pay your taxes can cost you if you are expecting a refund, since the government hangs on to your money and receives more interest on it. However, if you owe money to the...

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