Business

VIDEO: Where you live matters for access to quality, healthy foods

The availability of quality grocery stores in neighborhoods of lower socioeconomic status is scarce.  There is a slow movement towards quality grocers expanding to less affluent neighborhoods. But some believe that expansion is not happening at a fast enough pace and low-income communities continue to lack access to good food. Shoppers at the Streeterville opening of Whole Foods weighed in on the issue. Continue reading

St. John’s wort gets mixed reviews for treating depression

By Lucy Vernasco

What if there was a flower that could make you happy – not just as a thing of beauty but an object of healing? Some claim one such bloom actually exists.

Stocked with the supplements and gummy vitamins is St. John’s wort, capsulized from the blooms of a yellow-flowered shrub used to remedy snake bites, depression and other ailments since the ancient Greeks first tried it. In the form of branded and generic pills and capsules, St. John’s wort is sold as a mood lifter.

There’s even a Yogi Blues Away tea that relies on St. John’s wort to ease tension, fix mild emotional imbalance and assist with seasonal affective disorder. Continue reading

Anti-Valentine’s cookies push the heart-shaped envelope

By Karin Vandraiss

Whether you’re a lover scorned or just looking for a laugh, Alliance Bakery in Wicker Park has the antidote to excessive amounts of Hallmark-induced Love Potion No. 9.

Eight years ago owner Peter Rios and his decorators were tired of making the traditional Valentine’s Day cookies. “We were just sick of the whole idea, of the overexposure of Valentine’s Day,” Rios said, “so we decided to have some fun with it.”

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CBOE announces fourth quarter earnings

By Bonnie Du

CBOE Holdings Inc., the holding company for Chicago Board Options Exchange, the CBOE Futures Exchange and other subsidiaries, today reported an 8 percent increase in net income in the fourth quarter 2014, driven by an increase of transaction fees and regulatory fees. However, the stock closed at $62.46, down 4.12 percent with its earning missing the Wall Street expectation.

The company earned $49.1 million, or 58 cents per diluted share in the fourth quarter, compared with $145.6 million, or 52 cents per diluted share in the year-earlier quarter. But it missed the expectation of 66 cents per diluted share.

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Stericycle sustains revenue growth; but stock falls

by Jin Wu

Stericycle Inc. (NASDAQ: SRCL), the Illinois-based world’s largest provider of regulated medical waste management, reported higher profits in both the fourth quarter and the year 2014 due to its successful acquisition strategy.

For the quarter ended December 31, Stericycle earned $82.5 million, or 96 cents per diluted share, compared with $78.2 million, or 90 cents per diluted share, in the year-earlier quarter. However, the diluted EPS missed the $1.12 consensus estimate of seven analysts, and the stock dropped 2.48 percent. Continue reading

DeVry’s stock tanks as enrollment declines

By Lucy Ren

The stock of DeVry Education Group Inc., one of the largest educational organizations in the world with subsidiaries including Carrington College and DeVry University, plummeted 18.1 percent, as the company’s adjusted earnings per share of 75 cents fell short of the consensus estimate of 78 cents. Continue reading

VIDEO: Challenges persist for women entrepreneurs

By Meg Rauch

Illinois Governor Bruce Rauner recently signed an executive order to improve business opportunities for women and minorities. And President Obama is urging Congress to pass legislation for women to receive equal pay in the workplace. These actions aim to help women entrepreneurs to overcome many of the challenges they face today. A Chicago law clinic has also stepped in to help.  Continue reading

CME’s earnings climb as it becomes more digital, global

By Yasufumi Saito

CME Group Inc., the world’s largest futures-exchange operator, reported late Thursday a 59 percent growth in fourth-quarter earnings as trading volume grew internationally. The shares climbed more than 3 percent Friday.
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CME to close most futures pits

By Yasufumi Saito

One of the icons of capitalism is fading out as the world is more digitized.

CME Group Inc., the world’s largest futures-exchange operator, announced Wednesday it will close most of its open-outcry futures trading pits this summer, due to the shift from floor trading to electronic transactions. Continue reading

VIDEO: Drone interest takes off as regulation lags behind popularity

By Laura Furr

From the White House to Chicago’s suburbs, from Lollapalooza to Snapchat, unmanned aerial systems, commonly known as drones, have been making headlines.

And as drone technology becomes cheaper with user-friendly photo and video capabilities, interest in personal drone use has taken off. Continue reading