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

Chicago Business News - Money, Financial & Corporate News

Thursday, May 25, 2017 at 06:52 PM CDT

How Best Buy Escaped the Retail Apocalypse

How Best Buy Escaped the Retail Apocalypse

Shares of Best Buy surged more than 20 percent Thursday after the company posted unexpected sales growth in same store locations. Best Buy is a retail anomaly because it's an enjoyable place to shop, CNBC...

Thursday, May 25, 2017 at 10:54 AM CDT

Race Car Costs: The High Price of Fielding a Racing Team

Race Car Costs: The High Price of Fielding a Racing Team

Gentlemen, start your engines — of your money-munching machines. While waiting for the flag to drop at the Indianapolis 500 this Memorial Day weekend, are you fantasizing about becoming a race car driver?...

Wednesday, May 24, 2017 at 06:34 PM CDT

How Food Stamp Cuts Could Ripple Through the Economy

How Food Stamp Cuts Could Ripple Through the Economy

A proposal to curtail the nation's food stamp program would pinch families struggling to pay for groceries and ripple through other areas of the economy, including supermarkets and discounters, as people shuffle...

Thursday, May 25, 2017 at 06:02 AM CDT

Serena Williams Accepts a New Challenge - in Silicon Valley

Serena Williams Accepts a New Challenge - in Silicon Valley

Tennis star Serena Williams has 39 Grand Slam titles, four Olympic medals, major endorsement deals and her own line of clothing and accessories. Now she is embarking on a new mission: She says she wants to help...

Tuesday, May 23, 2017 at 05:25 PM CDT

Target Agrees to Settlement After Massive Data Breach

Target Agrees to Settlement After Massive Data Breach

Years after a massive data breach that cost Target so much in both money and reputation, the company has agreed to a major settlement with 47 states, and Illinois at the lead.

Tuesday, May 23, 2017 at 02:50 AM CDT

21 Uber Drivers Arrested in Latest Crackdown in Hong Kong

21 Uber Drivers Arrested in Latest Crackdown in Hong Kong

Hong Kong police launched a fresh crackdown Tuesday on Uber, arresting 21 drivers suspected of working for the ride-hailing giant in the Asian financial center. It's the latest regulatory headache for Uber,...

Monday, May 22, 2017 at 05:32 PM CDT

Fields Out at Ford; New CEO Hackett Known for Turnarounds

Fields Out at Ford; New CEO Hackett Known for Turnarounds

The job of Ford's new CEO won't be easy: He will have to shore up the 114-year-old company's traditional auto business, but also invest in self-driving cars and other projects that could one day make that...

Friday, May 19, 2017 at 03:20 PM CDT

Oil Company Watches Over Pregnant Polar Bear Under Bridge

Oil Company Watches Over Pregnant Polar Bear Under Bridge

A pregnant polar bear seeking to dig her maternity den chose an unlikely spot: a snow drift along a bridge leading to an artificial production island off the north coast of Alaska. As a threatened species,...

Friday, May 19, 2017 at 01:51 PM CDT

Butterball to Close 600-Employee Illinois Meatpacking Plant

Butterball to Close 600-Employee Illinois Meatpacking Plant

Turkey processor Butterball has announced it will shut its meatpacking plant west of Chicago, resulting in the loss of about 600 full-time jobs.

Friday, May 19, 2017 at 12:54 PM CDT

Ford to Invest $350 Million in Michigan Plant

Ford to Invest $350 Million in Michigan Plant

Ford is pumping $350 million into a plant outside of Detroit where a new transmission for fuel-efficient vehicles will be built. The Dearborn, Michigan, automaker said Friday that the investment in the Livonia...

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