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

Chicago Business News - Money, Financial & Corporate News

Monday, Apr 10, 2017 at 04:42 PM CDT

Tesla Becomes Most Valuable US Automaker

Tesla Becomes Most Valuable US Automaker

Tesla overtook General Motors during trading Monday to become the most valuable automaker in the United States, CNBC reported. The electric car company sold about 76,000 vehicles last year, a fraction of the 10...

Friday, Apr 7, 2017 at 05:00 PM CDT

US Unemployment Dips to 4.5 Percent, But Hiring Slows

US Unemployment Dips to 4.5 Percent, But Hiring Slows

U.S. employers added just 98,000 jobs in March, the fewest in a year, though the unemployment rate fell to a nearly 10-year low of 4.5 percent. Last month's weakness in hiring may point to sluggishness in...

Thursday, Apr 6, 2017 at 04:57 PM CDT

Mission Nearly Impossible This Spring: Finding a Home to Buy

Mission Nearly Impossible This Spring: Finding a Home to Buy

Anyone eager to buy a home this spring probably has reasons to feel good. Job growth has been solid. Average pay is rising. And mortgage rates, even after edging up of late, are still near historic lows. And...

Thursday, Apr 6, 2017 at 07:03 AM CDT

Sunoco Selling Most of Its Convenience Stores to 7-Eleven

Sunoco Selling Most of Its Convenience Stores to 7-Eleven

Sunoco is selling most of its convenience stores to 7-Eleven in a deal valued at $3.3 billion as it looks to focus more on its fuel supply business. 7-Eleven Inc. will get about 1,110 convenience stores, mostly...

Wednesday, Apr 5, 2017 at 08:47 PM CDT

Amazon Refunding Up to $70 Million for Kids' In-App Purchases

Amazon Refunding Up to $70 Million for Kids' In-App Purchases

For any parent whose kid racked up a big bill making in-app purchases on Amazon, a refund may be on the way. The FTC and internet retailing giant Amazon agreed Tuesday to set aside their appeals in a case...

Wednesday, Apr 5, 2017 at 03:52 PM CDT

Thousands of Defects Found on Oil Train Routes

Thousands of Defects Found on Oil Train Routes

When a freight train derailed in the Montana town of Culbertson, spilling 27,000 gallons of crude oil, investigators blamed the 2015 accident on defective or missing fasteners used to hold the tracks in...

Tuesday, Apr 4, 2017 at 03:28 PM CDT

Richmond Fed Head Lacker Resigns, Admits Improper Disclosure

Richmond Fed Head Lacker Resigns, Admits Improper Disclosure

Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, has resigned after acknowledging improper discussions with a financial analyst. In a statement Tuesday, Lacker said that in October 2012 he...

Tuesday, Apr 4, 2017 at 05:53 AM CDT

Verizon Creates 'Oath' as New Company to Run Yahoo, AOL

Verizon Creates 'Oath' as New Company to Run Yahoo, AOL

Verizon Communications will create a new company called Oath after it completes its $4.5 billion acquisition of Yahoo and melds the troubled internet company with its AOL operations. Oath will oversee Yahoo and...

Monday, Apr 3, 2017 at 09:52 PM CDT

Tesla Reports Record Deliveries of Vehicles in 1st Quarter

Tesla Reports Record Deliveries of Vehicles in 1st Quarter

Electric car maker Tesla Inc. says it delivered a record 25,000 vehicles in the first quarter, up 69 percent from the same period last year. Tesla said Sunday that it delivered about 13,450 Model S cars and...

Thursday, Mar 30, 2017 at 08:29 PM CDT

Prices Rise for US Housing Market

Prices Rise for US Housing Market

A warmer-than-normal February and a strong stock market are helping to inspire Americans to start house hunting early. Rising prices for homes have also pressured some to make fast offers out of fear of being...

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