Medill Reports: Business
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Business


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Petsmart beats analyst estimate in third quarter, lifts guidance

by Christina Lee

The nation's largest specialty pet retailer reported growth in sales and revenue amidst tough economic conditions and raised its forecast for the rest of the fiscal year.


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Sears Holdings Corp. net loss narrows

by Cat Rabenstine

Cat Rabenstine Sears Holdings Corp. narrowed its third quarter loss, partly attributed to a reduction in selling and administrative expenses and a reduction in debt. The stock slipped. The home appliance and specialty retailer’s loss shrank to $127 million, or $1.09 per diluted share, equaling the consensus esti


Williams-Sonoma beats estimate by cutting costs

by Sonja Elmquist

Earnings of the San Francisco-based retailer of kitchen and home goods beat analyst expectations and swung to a profit of $7.3 million, or 7 cents per diluted share, in its third quarter.


Photographer's work resonates with recessionary times

by Christina Lee

Christina LeeEven in steady times, those in the arts struggle financially. One Pilsen photographer's work resonates amidst trying economic conditions, possibly even due to such. Xavier Nuez's work elevates area and subjects generally forgotten, ignored or even sneered at in


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Jack in the Box Inc.’s quarterly and annual profits rise

by Cat Rabenstine

Jack in the Box Inc.’s fourth quarter profits soared, lifting fiscal year earnings, but the company expressed caution for 2010 and the stock dropped 7 percent.


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Retailer Limited Brands reported strong profits in third quarter

by Christina Lee

Victoria's Secret, C.O. Bigelow and other companies with the Limited Brands company posted strong earnings due to better cost and inventory management in the third quarter.


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Crude oil prices rise on declining inventories

by Sonja Elmquist

 Declining crude oil inventories suggest that oil supplied is shrinking to match lower demand.


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Consumer prices increase more than expected, driven by high energy prices

by John Yoo

Inflation remained under control for the month of October, according to the latest Consumer Price Index figures released by the  Bureau of Labor Statistics.


Chico's profits surge in third quarter, stock price jumps

by Christina Lee

The retailer posts surprisingly strong earnings due to higher sales and better gross margins.


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Perry Ellis profit drops but beats estimate

by Cat Rabenstine

Miami-based designer Perry Ellis International Inc.’s third quarter profits fell, but still beat expectations partly due to closing under-performing businesses.


What's the outlook for the newspaper?

by Hans Villarica

Royce Yudkoff, the president and co-founder of media investment firm ABRY Partners, talks about the future of the newspaper in this audio slideshow. Archival images of the glory days of the newspaper serve as the backdrop for his discussion of this fading medium.


Fund manager sticks to convictions, but struggles to beat market

by Graydon Gordian

Months before the crisis began hedge fund manager Robert Sanborn warned of the financial vehicles that would cause its escalation. But his prescience has not led to increased returns.


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Fed official argues interest rates should not be raised to fix bubbles

by Alice Truong

 Federal Reserve Vice Chairman Donald Kohn said monetary policy should be used to promote long-term financial stability.


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Record number of mortgage delinquencies in the U.S.

by Jacquelyn Ryan

 Illinois reported a mortgage loan delinquency rate of 5.95 percent, slightly better than the nation's record-high average of 6.25 percent.


Improved sales and credit profits drive Target Corp. to beat estimate

by Sonja Elmquist

Sonja Elmquist Third-quarter earnings of Target Corp. rose 18 percent on higher-than-expected profit in retail sales and improved credit card segment profitability, company executives said Tuesday. Earnings rose to $436 million, or 58 cents per diluted share, compared with $369 million, or 49 cents per share, in


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Wholesale prices increase less than forecast, keeping inflation fears away.

by Jeniece Pettitt

Jeniece Pettitt The Producer Price Index, or wholesale prices, rose at a seasonally adjusted rate of 0.3 percent in October mainly due to an increase in energy and food prices, according to the U.S. Bureau of Labor Statistics. The October increase followed a 0.6 percent decrease in September following a 1.7 perc


Cost-containment boosts Saks' third quarter profits

by Christina Lee

Retailer Saks Inc. posted modest profits in the third quarter, while still at a multi-million dollar loss for the year thus far. Stringent cost controls lifted the company in the quarter, as sales fell by double digits.


Risky investing for stability’s sake

by Max Frumes

A small operation high up on the 31st floor of the Chicago Board of Trade building represents a growing trend of groups providing smaller investors access to commodity investing. Former member of the board at the CME Group Inc. and financial news personality Jack Bouroudjian recently took over as head of the Index Futures Group LLC and sees the company as filling retail investors' need to diversify in an uncertain economy.


Motorola Inc. sales and earnings

Analysts divided on Motorola's possible divestiture

by Sonja Elmquist

Analysts have wide-ranging opinions on what a sale of one of Motorola Inc.'s divisions, perhaps a precursor to a three-way split, would mean for the company's future health.


Cupcakes proves recession-proof, consumers reap benefits

by Christina Lee

Cupcake boutiques have been thriving amidst a difficult economic climate, even doing the best when the economy is the worst. Experts say the gourmet treat can provide health benefits, like increased ability to cope with stress.


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Northwest Indiana Times owner sees a profit in the fourth quarter

by Eleanor Goldberg

Lee Enterprises Inc. replaced its year-ago red ink with black ink in its fiscal fourth quarter, but revenues are still strained by the recession. 


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Dairyland Greyhound Park to be put to sleep

by Michael Beller

Dog-gone it!  After 20 years of races, Dairyland Greyhound Park will shut down at the end of the year, marking the end of greyhound racing in Wisconsin.


Exelon will boost its profits from the passage of climate change legislation

by Emma Jackson

Exelon Corp., owner of the country's largest nuclear fleet, will be one of the principal beneficiaries of carbon-curbing legislation, potentially boosting operating profit by $1.7 billion. It's no surprise, then, that company CEO John Rowe has been pushing for passage of cap-and-trade.