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

Chicago Business News - Money, Financial & Corporate News

Tuesday, Jun 13, 2017 at 05:42 AM CDT

New Smirnoff Ad Winks at Russian Meddling Probe, Trump

New Smirnoff Ad Winks at Russian Meddling Probe, Trump

Smirnoff vodka has a new ad campaign that references the investigation into Russian interference in last year's U.S. presidential campaign. Pictures of bus stop and billboard ads have been posted to social...

Monday, Jun 12, 2017 at 01:46 PM CDT

Uber's Number Two, Emil Michael, Leaves Company

Uber's Number Two, Emil Michael, Leaves Company

Uber Chief Business Officer Emil Michael has left the company, according to an email obtained by the New York Times and confirmed by NBC News. Michael will be replaced by David Richter. Uber’s Board of Directors...

Monday, Jun 12, 2017 at 03:26 PM CDT

Gymboree Files For Bankruptcy

Gymboree Files For Bankruptcy

Children's clothing retailer Gymboree has filed for Chapter 11 bankruptcy and says it may close up to 450 stores.

Monday, Jun 12, 2017 at 09:16 AM CDT

Longtime GE CEO Stepping Down After Transforming the Company

Longtime GE CEO Stepping Down After Transforming the Company

General Electric says Jeff Immelt is stepping down as CEO and John Flannery, president and CEO of the conglomerate's health care unit, will take over the post in August. The 61-year-old Immelt will stay on...

Thursday, Jun 8, 2017 at 03:16 PM CDT

Verizon Wants to Make Web Ad Dollars With Yahoo Purchase

Verizon Wants to Make Web Ad Dollars With Yahoo Purchase

Verizon has a simple goal in buying Yahoo: It wants to challenge Google and Facebook in the huge and lucrative field of digital advertising. But Verizon faces its own challenge in doing so, given that it will be...

Wednesday, Jun 7, 2017 at 06:47 PM CDT

Layoffs Could Total 1,000 as AOL and Yahoo Complete Merger

Layoffs Could Total 1,000 as AOL and Yahoo Complete Merger

Layoffs are expected to take place across AOL and Yahoo that could number up to 1,000 jobs, or 20 percent of the combined company, sources told Recode. The merger between the two companies — after Verizon bought...

Wednesday, Jun 7, 2017 at 05:25 AM CDT

Mom Seeks Friends: New App Matches Moms

Mom Seeks Friends: New App Matches Moms

A new app on the tech scene allows for new moms from different walks of life to connect with each other nearby in a Tinderesque fashion, reported NBC News. Peanut, a new app created by mom Michelle Kennedy,...

Friday, Jun 2, 2017 at 12:36 PM CDT

Here's What to Expect From Apple’s Big Event Next Week

Here's What to Expect From Apple’s Big Event Next Week

Next week Apple is set to have its developer's conference, known as WWDC, where tech experts are expecting Apple to discuss new hardware and software, CNBC reported. Most likely, Apple will reveal its new...

Thursday, Jun 1, 2017 at 05:38 AM CDT

Chinese Maker of Ivanka Trump Shoes Denies Labor Violations

Chinese Maker of Ivanka Trump Shoes Denies Labor Violations

A Chinese company that makes shoes for Ivanka Trump and other brands denied allegations Thursday of excessive overtime and low wages made by three activists who have been arrested or disappeared. The Associated...

Wednesday, May 31, 2017 at 03:56 PM CDT

Taxpayers May Have Overpaid by $1B for EpiPen: Senator

Taxpayers May Have Overpaid by $1B for EpiPen: Senator

American taxpayers may have overpaid by as much as $1.27 billion for EpiPen anti-allergy devices over the course of a decade, a U.S. senator said Wednesday. That is nearly three times the $465 million that...

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