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

Chicago Business News - Money, Financial & Corporate News

Thursday, Sep 20, 2018 at 12:11 PM CDT

Under Armour to Cut 400 Jobs

Under Armour to Cut 400 Jobs

Under Armour said Thursday its restructuring program will now cost more than it previously expected: It plans to cut about 400 jobs, or about 3 percent of its global workforce, by March. Under Armour shares...

Thursday, Sep 20, 2018 at 11:54 AM CDT

ESPN's New Streaming Service Passes 1 Million Paid Subscribers in Five Months

ESPN's New Streaming Service Passes 1 Million Paid Subscribers in Five Months

ESPN+, the streaming video service from the sports network, has reached more than 1 million paid subscribers, the company said Thursday. It's an impressive feat, given the service just launched in April.

Thursday, Sep 20, 2018 at 10:46 AM CDT

US Home Sales Flat in August, Down Over Past 12 Months

US Home Sales Flat in August, Down Over Past 12 Months

U.S. sales of existing homes were unchanged in August, as a shortage of houses priced at less than $250,000 — a level considered to be affordable for the middle class — has become a drag on the real estate...

Wednesday, Sep 19, 2018 at 02:11 PM CDT

Retailers Could Top $1.1 Trillion in Holiday Sales

Retailers Could Top $1.1 Trillion in Holiday Sales

Retailers appear to have the odds in their favor this holiday season, with record-low unemployment across the U.S., strong consumer confidence and building sales momentum so far in 2018. "We think most...

Tuesday, Sep 18, 2018 at 09:15 PM CDT

US-China Trade War Could Soon Pose a Serious Economic Threat

US-China Trade War Could Soon Pose a Serious Economic Threat

Seeking better-skilled workers, Cedar Electronics decided last year to return some of its manufacturing to the United States from the Philippines, only to run smack into a worsening U.S.-China trade war. Cedar...

Tuesday, Sep 18, 2018 at 06:24 PM CDT

Ferrari Reveals Its Most Powerful Road Car Ever

Ferrari Reveals Its Most Powerful Road Car Ever

Ferrari has debuted two new road cars, claiming they are fitted with the most powerful engine ever built by the Italian car maker. The luxury sports car maker took the wraps off the Ferrari Monza SP1 and SP2 at...

Tuesday, Sep 18, 2018 at 02:52 PM CDT

SeaWorld, Former Execs Must Pay $5 Million to Settle Claim

SeaWorld, Former Execs Must Pay $5 Million to Settle Claim

SeaWorld and two former executives have agreed to pay more than $5 million to settle fraud claims that they misled investors over the negative impact the 2013 documentary "Blackfish" had on business. The...

Tuesday, Sep 18, 2018 at 12:15 PM CDT

Black Friday Still on Track as Busiest Shopping Day: Survey

Black Friday Still on Track as Busiest Shopping Day: Survey

Even though retailers are offering deals earlier and earlier each holiday season, resulting in a "Christmas creep," Black Friday is still expected to be the busiest shopping day of 2018, by far, according to one...

Tuesday, Sep 18, 2018 at 05:24 AM CDT

Judge: Lincoln Towing Can Operate as It Fights for License

Judge: Lincoln Towing Can Operate as It Fights for License

A judge has ruled a Chicago towing company that had its license pulled by the Illinois Commerce Commission can continue to operate as it appeals the decision.

Monday, Sep 17, 2018 at 04:37 PM CDT

Coca-Cola 'Closely Watching' Use of Cannabis in Wellness Drinks

Coca-Cola 'Closely Watching' Use of Cannabis in Wellness Drinks

While Coke may be looking into the potential of marijuana-infused health beverages for pain relief, the company has no interest in helping consumers get high. The Coca-Cola Company released a statement on...

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