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Chicago Business News - Money, Financial & Corporate News

Thursday, Sep 28, 2017 at 01:47 PM CDT

No Assembly Required? Ikea to Buy Services Site TaskRabbit

No Assembly Required? Ikea to Buy Services Site TaskRabbit

kea is making moves so you don't have to assemble a sofa or bookcase yourself. The furniture seller said Thursday that it is buying online on-demand services platform TaskRabbit, which lets users hire people to...

Thursday, Sep 28, 2017 at 05:51 AM CDT

$5 Trillion Question for Trump Tax Plan: How to Pay for It?

$5 Trillion Question for Trump Tax Plan: How to Pay for It?

How do you pay for an estimated $5.8 trillion tax cut? For President Donald Trump and Republican congressional leaders, that is the mostly unanswered $5,800,000,000,000 question. The plan they released...

Wednesday, Sep 27, 2017 at 06:18 PM CDT

Trump Plan Promises Huge Tax Cuts, But Big Questions Remain

Trump Plan Promises Huge Tax Cuts, But Big Questions Remain

Promising big tax cuts and a booming economy, President Donald Trump and congressional Republicans unveiled the first major revamp of the nation's tax code in a generation Wednesday — a sweeping, nearly $6...

Tuesday, Sep 26, 2017 at 04:24 PM CDT

Twitter to Test 280-Character Tweets

Twitter to Test 280-Character Tweets

Twitter is experimenting with raising the limit on tweets from 140 characters to 280 characters. The company wrote in a blog post on Tuesday it was rolling out 280-character limit tweets to "a small group"...

Tuesday, Sep 26, 2017 at 10:48 AM CDT

Russia Threatens to Block Facebook Over Data Storage

Russia Threatens to Block Facebook Over Data Storage

n its latest attempt to wrest control of the Internet, Russia's communications agency on Tuesday threatened to block access to Facebook if the company refuses to store its data locally. Alexander Zharov, chief...

Tuesday, Sep 26, 2017 at 03:01 PM CDT

Equifax CEO Steps Down in Wake of Huge Personal Data Hack

Equifax CEO Steps Down in Wake of Huge Personal Data Hack

Embattled Equifax CEO Richard Smith stepped down Tuesday, less than three weeks after the credit reporting agency disclosed a disastrous hack to its computer system that exposed the sensitive personal informati...

Monday, Sep 25, 2017 at 05:46 PM CDT

GOP, White House Eye Deep Cuts to Corporate Tax Rate

GOP, White House Eye Deep Cuts to Corporate Tax Rate

The White House and congressional Republicans are finalizing a tax plan that would slash the corporate rate while likely reducing the penalty for the wealthiest Americans, with President Donald Trump ready to...

Monday, Sep 25, 2017 at 07:46 AM CDT

Target to Boost Its Minimum Wage to $15 by 2020's End

Target to Boost Its Minimum Wage to $15 by 2020's End

Target Corp. is raising its minimum hourly wage for its workers to $11 starting next month and then to $15 by the end of 2020 in a move it says will help it better recruit and retain top-quality staff and...

Friday, Sep 22, 2017 at 06:00 PM CDT

Senate Bill Would Make Online Political Ads More Transparent

Senate Bill Would Make Online Political Ads More Transparent

Legislation floated by two Democratic senators would enhance transparency for online political ads, requiring social media companies like Facebook and Twitter to keep a public file of election ads and communica...

Friday, Sep 22, 2017 at 07:24 PM CDT

Mazda 6 Recalled; Wiring Short Can Knock Out Power Steering

Mazda 6 Recalled; Wiring Short Can Knock Out Power Steering

Mazda is recalling more than 60,000 midsize cars in the U.S. and Canada because a wiring problem can knock out power-assisted steering and the passenger air bag. The recall covers Mazda 6 sedans from 2015...

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