<![CDATA[NBC Chicago - Chicago Business News - Money, Financial & Corporate News]]>Copyright 2017http://www.nbcchicago.com/news/business http://media.nbcnewyork.com/designimages/5-Chicago-Blue.png NBC Chicago http://www.nbcchicago.comen-usWed, 18 Oct 2017 01:18:59 -0500Wed, 18 Oct 2017 01:18:59 -0500NBC Owned Television Stations <![CDATA[Walgreens to Double Number of Employees in Chicago Office]]> Tue, 17 Oct 2017 13:54:57 -0500 http://media.nbcchicago.com/images/213*120/walgreens+sign+edit.jpg

Walgreens plans to double the number of employees it has working in its downtown Chicago office, Mayor Rahm Emanuel announced Tuesday.

The company will bring roughly 300 new technology positions to the Sullivan Center office, officials said.

“Chicago and Walgreens have a long and shared history of innovation and ingenuity,” Emanuel said in a statement. “That history makes Chicago the perfect city for Walgreens to locate 300 jobs and make an investment in its future.”

Walgreens is currently building out its space in the Sullivan Center, which will host the company’s retail pharmacy technology team along with digital, mobile and e-commerce technology teams.

“We are excited to bring more technology jobs to the City of Chicago and establish a technology center of excellence that will focus on delivering state-of-the-art systems to our more than 8,000 drugstores nationwide,” Alex Gourlay, president of Walgreens, said in a statement. “Chicago is where Walgreens began as a single drugstore in 1901, and expanding our downtown presence will help us retain and attract the best talent to continue developing our digital and technology capabilities.”

Currently, there are more than 3,500 people employed by Walgreens across Chicago.

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<![CDATA[As Trump Deregulates, Chicken Lobby Would Speed Inspections]]> Mon, 16 Oct 2017 11:03:15 -0500 http://media.nbcchicago.com/images/213*120/chickenfarm_1200x675.jpg

While President Donald Trump unravels many of the policies put in place during the Obama administration, the poultry industry has been lobbying hard to speed up poultry inspection lines, NBC News reported.

The Obama administration rejected the idea to speed up the process, capping it at 140 birds per minute, after warnings that doing so could increase food contamination and endanger workers.

Most poultry plant employees use sharp tools to eviscerate animals with foreceful, repetitive motions at high speeds, becoming exposed to toxic chemicals used to kill bacteria. "Even at existing line speeds, it's extremely unsafe," said Debbie Berkowitz, a senior fellow at the research and advocacy group National Employment Law Project.

One congressional Republican pushing to change the rules, Rep. Doug Collins, R-Ga., asked the secretary of agriculture for the increase, citing a wish to be competitive with other countries.



Photo Credit: Scott Olson/Getty Images]]>
<![CDATA[$martMoney]]> Tue, 08 May 2012 09:08:56 -0500 ]]> <![CDATA[SW Airlines Offers Fares Below $100 - For 72 Hours Only]]> Tue, 10 Oct 2017 09:45:37 -0500 http://media.nbcchicago.com/images/213*120/Southwest-Airlines-generic1.jpg

Got the travel itch? Now might be a good time to scratch it. 

Southwest Airlines' bi-annual major fare sale is back, bringing round-trip fares to several locations for below $100. 

Flights begin at $49 each way for the airline company's shortest routes, and go up to $129 each for longer flights. 

The sale began Tuesday morning and ends on Thursday at 11:59 p.m. (local time). 

It includes domestic flights from Oct. 31 through Dec. 19 and Jan. 3 through Feb. 14. In addition, travel to and from San Juan, Puerto Rico will be offered from Oct. 31 through Dec. 7 and Jan. 16 through March 1. International flights must be booked between Oct. 31 and Dec. 13 and Jan. 10 through March 2. 

Some dates are "blacked out" for travel, however, and flights on Fridays and Sundays are not included. 

Here's a look at the flights from Midway Airport:

  • to Albany, NY one-way starting at $ 99
  • to Atlanta, GA one-way starting at $79
  • to Austin, TX one-way starting at $94
  • to Baltimore/Washington, MD one-way starting at $79
  • to Birmingham, AL one-way starting at $99
  • to Boston Logan, MA one-way starting at $79
  • to Buffalo/Niagara, NY one-way starting at $59
  • to Cancun, Mexico one-way starting at $189
  • to Charleston, SC one-way starting at $79
  • to Charlotte, NC one-way starting at $99
  • to Cincinnati, OH one-way starting at $49
  • to Cleveland, OH one-way starting at $49
  • to Columbus, OH one-way starting at$49
  • to Dallas (Love Field), TX one-way starting at $99
  • to Detroit, MI one-way starting at $49
  • to Flint, MI one-way starting at $49
  • to Grand Rapids, MI one-way starting at $49
  • to Hartford, CT one-way starting at $99
  • to Houston (Hobby), TX one-way starting at $99
  • to Indianapolis, IN one-way starting at $49
  • to Jacksonville, FL one-way starting at $99
  • to Kansas City, MO one-way starting at $49
  • to Louisville, KY one-way starting at $49
  • to Manchester, NH one-way starting at $79
  • to Memphis, TN one-way starting at $49
  • to Minneapolis/St. Paul, MN one-way starting at $49
  • to Nashville, TN one-way starting at$79
  • to New Orleans, LA one-way starting at $79
  • to New York/Newark, NJ one-way starting at $64
  • to Norfolk, VA one-way starting at $94
  • to Oakland, CA one-way starting at $122
  • to Oklahoma City, OK one-way starting at $79
  • to Omaha, NE one-way starting at $49
  • to Philadelphia, PA one-way starting at $99
  • to Phoenix, AZ one-way starting at $114
  • to Pittsburgh, PA one-way starting at $49
  • to Portland, OR one-way starting at $129
  • to Providence, RI one-way starting at $79
  • to Punta Cana, DO one-way starting at $199
  • to Raleigh/Durham, NC one-way starting at $99
  • to Sacramento, CA one-way starting at $121
  • to San Antonio, TX one-way starting at $99
  • to San Diego, CA one-way starting at $149
  • to San Francisco, CA one-way starting at $129
  • to San Jose, CA one-way starting at $129
  • to Seattle/Tacoma, WA one-way starting at $129
  • to St. Louis, MO one-way starting at $49
  • to Washington (Reagan National), DCone-way starting at $79



Photo Credit: AP]]>
<![CDATA[Dove Apologizes for Racially Insensitive Advertisement]]> Sun, 08 Oct 2017 18:04:00 -0500 http://media.nbcchicago.com/images/213*120/GettyImages-94665437.jpg

Soap company Dove has apologized for a racially insensitive Facebook ad it said "missed the mark in representing women of color thoughtfully," NBC News reported.

The bodywash advertisement, which has since been deleted, showed a black woman wearing a brown shirt removing her top to reveal a white woman in a lighter top. A third image shows the white woman removing her shirt to show a woman of apparently Asian descent. Unilever and Dove did not immediately respond to NBC News' request for comment.

On Saturday, Dove, which is owned by Dutch-British transnational consumer goods company Unilever, issued an apology on its Twitter page for the advertisement.

"An image we recently posted on Facebook missed the mark in representing women of color thoughtfully," the apology read. "We deeply regret the offense it caused."



Photo Credit: Daniel Barry/Bloomberg via Getty Images, File]]>
<![CDATA[Amazon Deciding Whether to Sell Drugs on Website: Sources]]> Fri, 06 Oct 2017 14:04:47 -0500 http://media.nbcchicago.com/images/213*120/amazon-connecticut.jpg

Amazon is in the final stages of figuring out its strategy to get into the multibillion dollar prescription drug market.

The company will decide before Thanksgiving whether to move into selling prescription drugs online, according to an email from Amazon viewed by CNBC and a source familiar with the situation. If it decides to make that move, it will start expanding its senior team with drug supply chain experts.

Amazon typically spends years researching opportunities before it telegraphs its intentions. The opportunity to sell drugs online is alluring given its market size -- analysts have estimated the U.S. prescription drug market at $560 billion per year. Amazon is well aware of the complexities, say sources familiar with the company's thinking.

Amazon has declined to comment on CNBC's report.



Photo Credit: AP]]>
<![CDATA[Monopoly Man Photobombs the Senate's Equifax Hearing]]> Wed, 04 Oct 2017 16:19:40 -0500 http://media.nbcchicago.com/images/213*120/monopolyman_1200x675.jpg

A person dressed up as the iconic character Rich Uncle Pennybags from the famous Monopoly board game appeared Wednesday at a Senate hearing about the Equifax data breach with former CEO Richard Smith in Washington, CNBC reported. 

Before the Senate Banking, Housing and Urban Affairs Committee hearing began, a young person put on a black top hat, bushy white mustache and bright red bow tie. The character occasionally donned a monocle and dabbed the forehead with giant paper money while seated behind former Equifax CEO Richard Smith.

The Monopoly man is part of a protest by Americans for Financial Reform and Public Citizen to draw attention to forced arbitration clauses that are used throughout the financial industry and limit consumers' ability to take disputes to court, CNBC reported. 

Smith testified at the second of four congressional hearings this week in which lawmakers demanded to know how the breach happened and what the company is to make things right for the 145 million consumers affected.



Photo Credit: Getty Images/Mark Wilson]]>
<![CDATA[Yahoo: Every Single Account Was Impacted by 2013 Data Breach]]> Wed, 04 Oct 2017 02:27:02 -0500 http://media.nbcchicago.com/images/213*120/GettyImages-493360991.jpg

Yahoo, now part of Oath, said that every single Yahoo account was affected by a data breach that took place in 2013.

That's about 3 billion accounts, CNBC reported.

Yahoo buried the stat in a recent update to its Account Security Update page. "Based on an analysis of the information with the assistance of outside forensic experts, Yahoo has determined that all accounts that existed at the time of the August 2013 theft were likely affected," Yahoo's page says.

Yahoo said that the company received new intelligence after it was acquired by AOL and that forensic experts discovered the attack was larger than originally thought. Yahoo will begin alerting accounts that weren't previously notified of the attack.

This story is developing please check back for updates.



Photo Credit: Getty Images]]>
<![CDATA[GM to Ditch Gas- and Diesel-Powered Cars, Go All Electric]]> Mon, 02 Oct 2017 16:40:50 -0500 http://media.nbcchicago.com/images/213*120/GM-electric.jpg

General Motors plans to go 100 percent electric, the Detroit automaker announced Monday.

"General Motors believes in an all-electric future," said Executive Vice President Mark Reuss. "Although that future won't happen overnight, GM is committed to driving increased usage and acceptance of electric vehicles through no-compromise solutions that meet our customers' needs."

A number of auto manufacturers have recently announced plans to "electrify" their product lines. But GM said its promise takes this commitment a step further, NBC News reported.

GM currently offers one extended-range electric vehicle, the Chevrolet Bolt EV, but will add two others within 18 months, Reuss said, with "at least 20" to be in the line-up by 2023.



Photo Credit: General Motors via AP]]>
<![CDATA[Twitter to Test 280-Character Tweets]]> Tue, 26 Sep 2017 16:24:23 -0500 http://media.nbcchicago.com/images/213*120/twitter-logo.jpg

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" of users who tweet in languages that may make it difficult to include everything they want to say.

"We understand since many of you have been Tweeting for years, there may be an emotional attachment to 140 characters – we felt it, too," Twitter product manager Aliza Rosen wrote. "But we tried this, saw the power of what it will do, and fell in love with this new, still brief, constraint."

Shares of Twitter rose more than 1 percent in extended trading following the news, CNBC reports, after declining more than 2 percent during the regular session.




Photo Credit: AP
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<![CDATA[Taco Bell Plans New Locations That Will Serve Alcohol]]> Wed, 20 Sep 2017 09:42:20 -0500 http://media.nbcchicago.com/images/213*120/Taco+Bell+Sign.jpg

Taco bell plans to serve alcohol at 300 new locations as part of its expansion into urban markets, the fast food chain announced Tuesday.

The company will build new "Cantina style" locations throughout the country where alcohol will be offered. The new locations, in urban areas like New York City, Chicago and Detroit, will not include drive-thrus, the company said.

"The drink offerings certainly complement the experience and give customers a reason to stay longer, but we want to make sure these Cantinas blend in with the local aesthetic and you feel like you’re in your favorite neighborhood restaurant," the company said in a statement.

The expansion is expected to be completed by 2022.

Taco Bell currently has over 7000 locations around the world.

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Taco bell plans to ditch the drive-through and serve alcohol at 300 new locations, as part of its expansion into urban markets, the fast food chain announced. 
The fast food chain will build new "Cantina style" locations throughout the country where customers are free to buy alcohol. 
"The drink offerings certainly complement the experience and give customers a reason to stay longer, but we want to make sure these Cantinas blend in with the local aesthetic and you feel like you’re in your favorite neighborhood restaurant," reps for a company said in a statement. 
The company is planning to open new locations in New York City, Chicago, Detroit and other urban areas with high foot traffic by 2022. 
Taco Bell currently has over 7000 locations around the wor



Photo Credit: AP]]>
<![CDATA[T-Mobile, Sprint in Talks About a Merger: Sources]]> Tue, 19 Sep 2017 10:58:54 -0500 http://media.nbcchicago.com/images/213*120/GettyImages-141770730.jpg

T-Mobile and Sprint are in active talks about a merger, though negotiators are still weeks away from finalizing a deal to unite the nation's No. 3 and No. 4 wireless carriers, people close to the situation told CNBC.

T-Mobile parent Deutsche Telekom would emerge as the majority owner in the stock-for-stock merger. Sprint's parent company is Softbank.

The companies declined to comment on the report.

A big factor looming over a possible deal is the risk of rejection by antitrust regulators.



Photo Credit: Getty Images]]>
<![CDATA[Two Equifax Executives Retire After Data Breach Disclosure]]> Fri, 15 Sep 2017 18:55:59 -0500 http://media.nbcchicago.com/images/213*120/GettyImages-844182436.jpg

Equifax said Friday that its top information and security executives were retiring, effective immediately, as the company reels from its disclosure last week that it suffered a data breach potentially affecting 143 million people in the U.S., CNBC reported.

Chief information officer David Webb will be replaced by Mark Rohrwasser, who has led Equifax International IT operations since joining the company in 2016.

Chief security officer Susan Mauldin will be replaced by Russ Ayres, who will serve in the position in the interim. Before his appointment, Ayres served as Equifax's vice president of IT.

Equifax announced last week it experienced a data breach that could potentially affect 143 million consumers in the U.S. The company said it first noticed suspicious traffic on July 29.



Photo Credit: Michael Nagle/Bloomberg via Getty Images]]>
<![CDATA[Target Announces New Brand With 'Fixer Upper' Stars]]> Wed, 13 Sep 2017 07:45:32 -0500 http://media.nbcchicago.com/images/213*120/AP_689363212205.jpg As Target continues to release new brands in its stores this fall, the company may have just announced its biggest collection yet.

Photo Credit: Brian Ach/Invision/AP]]>