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

Chicago Business News - Money, Financial & Corporate News

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...

Wednesday, Mar 29, 2017 at 01:51 PM CDT

Windows Update Will Bring 3-D, Game Tools, Doodling

Windows Update Will Bring 3-D, Game Tools, Doodling

A major update to Microsoft's Windows 10 system will start reaching consumers and businesses on April 11, offering 3-D drawing tools, game-broadcasting capabilities and better ways to manage your web browsing....

Wednesday, Mar 29, 2017 at 12:29 PM CDT

FDA Approves 1st Drug for Aggressive Multiple Sclerosis

FDA Approves 1st Drug for Aggressive Multiple Sclerosis

U.S. regulators have approved the first drug for an aggressive kind of multiple sclerosis that steadily reduces coordination and the ability to walk. The Food and Drug Administration approved Ocrevus late...

Thursday, Mar 30, 2017 at 05:03 PM CDT

Home Buyers Jump on Contracts as Housing Market Rises

Home Buyers Jump on Contracts as Housing Market Rises

More people signed contracts to buy U.S. homes last month as warm weather and rising confidence appeared to encourage consumers to look for houses. The National Association of Realtors said Wednesday that...

Wednesday, Mar 29, 2017 at 12:29 PM CDT

Ford Recalls 570K Vehicles for Fire Risk, Door Latch Trouble

Ford Recalls 570K Vehicles for Fire Risk, Door Latch Trouble

Ford is recalling more than 570,000 vehicles in North America and Europe to fix separate problems that can cause engine fires and doors to fly open unexpectedly. The recalls will hit the company's bottom...

Tuesday, Mar 28, 2017 at 12:17 PM CDT

Waze Gets Into the Order-Ahead Business With Dunkin' Donuts

Waze Gets Into the Order-Ahead Business With Dunkin' Donuts

Waze's traffic navigation app already shows ads prodding drivers to swing by fast-food joints like Dunkin' Donuts and Taco Bell. Now it's adding a new item to its menu — the ability to place orders at some...

Tuesday, Mar 28, 2017 at 05:41 AM CDT

American Airlines Buys Stake in China Southern Airlines

American Airlines Buys Stake in China Southern Airlines

American Airlines has agreed to pay $200 million for a stake in China Southern Airlines, the biggest of China's three major state-owned carriers, in a bid for a bigger share of the country's growing travel...

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