Existing-Home Sales slide in December

Row of suburban homes

By Mindy Tan Existing-home sales decreased 2.8 percent to a seasonally adjusted annual rate of 5.49 million in December from an upwardly revised 5.65 million in November, even as 2016 marked the best year of sales in a decade, said the National Association of Realtors Tuesday. The report covers sales of single-family homes, townhomes, condominiums […]

Illinois loses jobs in December

Chicago Bldgs

By Karen Lentz The state unemployment rate increased to 5.7 percent in December, 0.1 percentage point above 5.6 in November, and one percentage point above the national rate of 4.7 percent, according to seasonally adjusted preliminary data released Tuesday by the U.S. Bureau of Labor Statistics. The preliminary data shows a higher unemployment rate for […]

Home builder D.R. Horton soars on better-than-expected earnings

Image from D.R. Horton's website

By Zhu Zhu Shares of D.R. Horton Inc., the largest U.S. homebuilder, surged nearly 6 percent Tuesday, as earnings and revenues handily beat analysts’ expectations. Profit in the quarter ended Dec. 31, soared 31 percent to $206.9 million, from $158.9 million in the year-earlier quarter, far surpassing the analysts’ concensus expectation of $179.8 million. The […]

Road ahead bumpy for CBRE

A property in Evanston leased by CBRE

By Mindy Tan Analysts warn that the road ahead for CBRE Group Inc. could be bumpy, pointing to uneasiness in certain global economies, unfavorable foreign currency movement, and stiff competition from international, regional, and local players. This is translating into pressure on its stock price. The closing price of the real estate firm, which is […]

Yelp expected to swing to profit in 2017

By Christine Huang One month after opening the doors to Yeero Revolution, a trendy gyro joint in Evanston, co-owner John Nikolaou decided to advertise on Yelp, a popular online review platform. The owner of the two-month-old restaurant says he’s already seeing benefits. “Yelp definitely drives a lot of people,” Nikolaou said in an interview. “They’ll […]

Order on the court: Referees remain calm in a crowd of noise

Referees at Von Steuben vs. Taft

By Karl Bullock They walked out of the Von Steuben gym on Friday night, already an afterthought in the minds of spectators. Ken Vasser is just fine with that. On this night, audacious shouts of disagreement travel through the air directed at the black-and-white striped jerseys of Vasser and his fellow official as they dealt […]

Big Ten Network enriches students with launch of e-sports tournament

BTN studio

By Yifan Wu The next Northwestern Wildcat starring on Big Ten Network might not be Justin Jackson or Scottie Lindsey, but someone playing “League of Legends,” the most popular computer game in the world. Big Ten Network and Riot Games, the creator and developer of “League of Legends,” announced last week that 12 of 14 […]

Hot shooting, health have New Trier back on right track

By Eric Burgher New Trier felt a sense of relief heading back to the visiting locker room after their 61-44 victory over Glenbrook South. “That’s what happens when the ball actually goes in the hoop,” said assistant coach Terry Coughlin as he headed in behind the players. Indeed, it was a striking turnaround for the Trevians, […]