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

Chicago Business News - Money, Financial & Corporate News

Wednesday, Aug 15, 2018 at 11:08 AM CDT

MoviePass Parent Company Lost $100 Million in the Second Quarter

MoviePass Parent Company Lost $100 Million in the Second Quarter

MoviePass' parent company, Helios and Matheson Analytics, lost $100 million in the second quarter, according to its most recent quarterly report filed late Tuesday, on pace to blow through its remaining...

Wednesday, Aug 15, 2018 at 08:19 AM CDT

Ford to Spend About $740M to Redevelop Detroit Train Depot

Ford to Spend About $740M to Redevelop Detroit Train Depot

Ford Motor Co. plans to spend roughly $740 million renovating Detroit's long vacant train depot and redeveloping other area properties for research and development of self-driving vehicles. The Dearborn-based...

Tuesday, Aug 14, 2018 at 02:43 PM CDT

Tinder Founders Sue Owner for Billions Over Stock Options

Tinder Founders Sue Owner for Billions Over Stock Options

A group of founders, current executives and early employees of Tinder sued the dating app's owner IAC and its subsidiary Match Group for at least $2 billion, claiming the defendants "robbed Tinder employees" by...

Tuesday, Aug 14, 2018 at 10:35 AM CDT

McDonald's Testing New Breakfast Sandwich

McDonald's Testing New Breakfast Sandwich

Move over Egg McMuffin, McDonald’s is testing a new breakfast sandwich in the Midwest.

Monday, Aug 13, 2018 at 06:11 PM CDT

Mark Cuban Cashed Out, Owns Just a Handful of Stocks

Mark Cuban Cashed Out, Owns Just a Handful of Stocks

Billionaire entrepreneur Mark Cuban told CNBC on Monday that he's holding much more cash than he normally does because he's concerned about the stock market and U.S debt levels. "I'm down to maybe four...

Monday, Aug 13, 2018 at 03:20 PM CDT

What Happens When China Doesn’t Want Our Recyclables

What Happens When China Doesn’t Want Our Recyclables

Feeling pleased that your conscientious recycling is helping to save the environment? Not so fast. Your yogurt container or takeout clamshell might end up in a dump thanks to a ban on discarded items that the...

Monday, Aug 13, 2018 at 10:23 AM CDT

Musk Says He's Talking With Saudi Fund to Take Tesla Private

Musk Says He's Talking With Saudi Fund to Take Tesla Private

Saudi Arabia's sovereign wealth fund would be the main source of money for Tesla CEO Elon Musk's grand plan to take the company private, but the deal isn't done yet, Musk disclosed in a blog on Monday. The fund...

Friday, Aug 10, 2018 at 12:22 PM CDT

Consumer Prices Up 2.9 Pct, Leaving Americans Worse Off

Consumer Prices Up 2.9 Pct, Leaving Americans Worse Off

Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy. The Labor Department said Friday...

Friday, Aug 10, 2018 at 12:01 PM CDT

Nike Accused of Fostering Hostile Workplace in New Lawsuit

Nike Accused of Fostering Hostile Workplace in New Lawsuit

A group of former female employees at Nike Inc. are suing the company over allegations that it "intentionally and willfully discriminated against [women] with respect to pay, promotions, and conditions of...

Friday, Aug 10, 2018 at 07:06 AM CDT

McDonald’s Offering McGold Card, Free Food for Life

McDonald’s Offering McGold Card, Free Food for Life

International fast food giant McDonald’s announced it was giving away the “mythical” McGold Card to one lucky person — granting them free McDonald’s for life. The chain officially confirmed Thursday the ever-so...

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