Business

Experts cite Ebola’s indirect cost, urge public-private partnerships

By Jin Wu

Chicago health care and economic experts said the indirect cost of Ebola is enormous and partnerships between public and private sectors could be a solution for “the market failures” in Ebola prevention and treatment.

Dozens of people attended a public conversation called “The Cost of Health Crisis” Wednesday night at Chicago’s Harold Washington Library, discussing about the economics of pandemics, in this case, Ebola. Continue reading

Airbus and Boeing have record years despite weak stock

By Ezra Kaplan

After a year of consistently declining stock value, Airbus announced a new company record for planes delivered in 2014. Boeing also broke a company record after delivering nearly 100 more planes than Airbus during the year. Continue reading

Delta’s stock surged after 4th Quarter earnings released

Delta Air Lines Inc.‘s stock shot up 7.26 percent after the release of its fourth-quarter report on Tuesday morning, despite its net income’s swinging down to a loss of $712 million dollars in the December quarter, or 86 cents loss per diluted share, from the year-ago earnings of $9.89 per diluted share.

The adjusted non-GAAP net income, however, was $649 million, or 78 cents per diluted share, beating the consensus forecast of 75 cents, according to Zacks Investment Research.

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Expert panel makes 2015 economic predictions

Story by Meredith Wilson
Audio by Bethel Habte

A panel of economic experts exceeded an already optimistic outlook for 2015 with their predictions on gross domestic product, unemployment and the Dow during the Executives’ Club of Chicago’s Annual Economic Outlook Luncheon on Wednesday.

Diane Swonk, chief economist and senior managing director of Mesirow Financial Services expects U.S. GDP to grow by 3 percent, unemployment to be under 5 percent and the Dow to close at 18,499. Continue reading

VIDEO: Prescient Edge looks ahead to Chicago relocation

By J’nelle Agee

Mayor Rahm Emanuel announced the 30th company to relocate to Chicago since he took office. Prescient Edge, a global security and technology firm, will be moving its headquarters from Virginia to downtown Chicago. But who will get the approximately 60 jobs it will bring to the city?

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VIDEO: Chicago bartenders watching out for you

By Melissa Schenkman

A national study on alcohol use found on an average day six people die from alcohol poisoning.  Illinois ranked the third lowest in the number of deaths.  Angelo Cristobal, a Streeterville bartender talks about how bartenders are trained to do more than serve drinks.   Continue reading

VIDEO: Taxi prices to surge

By Beth Lawrence

Taxi rides could soon be more expensive in high traffic hours.

Just before leaving office, Governor Pat Quinn signed a bill that would allow traditional taxi companies to begin using surge pricing. Surge pricing allows ride-sharing apps to charge higher prices during peak hours.

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Fear Factor: The High Hidden Cost of the Ebola Epidemic

By Jamie Friedlander

The “cost” of an epidemic such as Ebola usually targets the dollar toll in hospital fees and economic downturns. But the loss of lives and the measure of suffering remains a lasting and growing cost.

“In terms of the cost in Liberia, it’s not dollars and cents. It’s the death of a generation,” said Robert A. Weinstein, MD, professor of internal medicine at Rush Medical College, in reference to the recent Ebola outbreak in West Africa. Continue reading

Millennials inspired by Chicago’s ‘Tinder for jobs’; employers doubtful

By Laura Furr

Gionni Crawford, 20, is looking for a job.

A recent graduate from Specs Howard School of Media Arts in Southfield, Michigan, Crawford will be relocated from his job as a cellphone vendor at his hometown Target in Detroit when it closes at the end of the month.

A self-described “hustler,” Crawford said he is trying to land a full-time sales position by using all possible platforms including nspHire—a new Chicago-based mobile job-matching app that uses Tinder’s “swipe right” feature to encourage communication between job seekers and hirers. Continue reading