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

Chicago Business News - Money, Financial & Corporate News

Tuesday, May 21, 2019 at 04:44 PM CDT

Apple Bid to Buy Tesla in 2013 for $240 a Share: Analyst

Apple Bid to Buy Tesla in 2013 for $240 a Share: Analyst

With Tesla’s stock sinking to around $200 this week, Craig Irwin, an analyst at Roth Capital Partners, told CNBC on Tuesday that the electric car company could have sold to Apple six years ago for a significant...

Tuesday, May 21, 2019 at 02:27 PM CDT

Comcast Is Working on an In-Home Device to Track People’s Health

Comcast Is Working on an In-Home Device to Track People’s Health

Comcast is working on a device like the Amazon Echo or Google Home, but with a focus on monitoring health at home, and aims to begin pilot-testing it later this year. A team under Sumit Nagpal, a senior...

Tuesday, May 21, 2019 at 12:23 PM CDT

Slack Changes Ticker Symbol to WORK Ahead of New York Stock Exchange Debut

Slack Changes Ticker Symbol to WORK Ahead of New York Stock Exchange Debut

Slack is gearing up for its stock market debut and has landed on a new ticker symbol: WORK. In an updated prospectus on Monday, the company said it’s received approval from the New York Stock Exchange to list...

Tuesday, May 21, 2019 at 07:20 AM CDT

Blue Apron Latest to Suffer in Tough Meal Kit Market

Blue Apron Latest to Suffer in Tough Meal Kit Market

Meal kit companies face an ultimatum: Adapt or die. The business is still in its infancy, with the biggest players — Blue Apron and HelloFresh — less than a decade old. But they're facing serious challenges...

Tuesday, May 21, 2019 at 05:58 AM CDT

Women’s Clothing Chain Dressbarn to Close All Its 650 Stores

Women’s Clothing Chain Dressbarn to Close All Its 650 Stores

Dressbarn, the women's clothing chain that's been around for nearly 60 years, is closing all 650 of its stores. The company's chief financial officer, Steven Taylor, said Dressbarn has not been operating at...

Monday, May 20, 2019 at 01:22 PM CDT

Ford Cuts 7,000 White-Collar Jobs, Including 500 in US

Ford Cuts 7,000 White-Collar Jobs, Including 500 in US

Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10% of its...

Sunday, May 19, 2019 at 03:38 PM CDT

Average US Price of Gas Drops 3 Cents Per Gallon to $2.93

Average US Price of Gas Drops 3 Cents Per Gallon to $2.93

The average U.S. price of regular-grade gasoline fell 3 cents a gallon over the past two weeks, to $2.93. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that it's the first price drop at...

Saturday, May 18, 2019 at 07:51 PM CDT

Apple CEO Tim Cook to the Class of 2019: 'My Generation Has Failed You'

Apple CEO Tim Cook to the Class of 2019: 'My Generation Has Failed You'

Apple CEO Tim Cook challenged Gen Z to clean up the messes Baby Boomers have left behind. "In some important ways, my generation has failed you," Cook said Saturday in his commencement speech at Tulane...

Saturday, May 18, 2019 at 07:26 PM CDT

Tight Labor Market Holding Back Small Business Expansion

Tight Labor Market Holding Back Small Business Expansion

Adam Rammel is gearing up for an expansion. The co-owner of Brewfontaine, a craft beer bar in Bellefontaine, Ohio is opening up an events and catering business in a few months' time, requiring the company to...

Saturday, May 18, 2019 at 06:44 PM CDT

Not Just Party City: Why Helium Shortages Worry Scientists and Researchers

Not Just Party City: Why Helium Shortages Worry Scientists and Researchers

This month’s announcement from Party City that it’s closing more than 40 stores as it grapples with new challenges, including diminishing helium supplies, likely came as unwelcome news to customers who count on...

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