Chicago’s mayoral race: maybe money can’t buy an election
By Alysha Khan While Mayor Rahm Emanuel’s failure to win reelection outright has dominated the headlines, equally interesting is a look at the money all five candidates raised in the final weeks leading up the election.
Sights and sounds of Election Day in Chicago
By Ellen Kobe Medill New Service’s team of election 2015 reporters hit the streets of Chicago today, exploring polling places, speaking with voters and spending the day with candidates. Here are some of the most interesting sights and sounds of the city on Election Day.
Potbelly Corp. stock rises after profitable quarter
By Alysha Khan Potbelly Corp. stock jumped 12.85 percent to $16 – the highest since June – after the company swung to a profit for the fourth quarter, beating analyst expectations. Sharon Zackfia, equity research analyst at William Blair, maintained an outperform rating for the stock, stating in a research note that the company “still […]
Restaurant Week challenges proprietors
By Alysha Khan Restaurant Week can be a boon for some establishments trudging through the slow winter months but for others, it can be a costly burden. This annual winter culinary event, now in its eighth year, allows Chicagoans to dine for cheap at more than 300 restaurants, including some of the city’s best spots. […]
Why did Chipotle plummet after a strong quarter?
By Alysha Khan Despite a strong earnings report, Chipotle Mexican Grill Inc. stock surprisingly dropped seven percent to $676 amid concerns of slowing store sales and a possible hike in prices. Stephen Anderson, senior restaurant analyst at Miller Tabak + Co., LLC, said the drop was driven by Chipotle executives lowering their 2015 forecast for […]
Chipotle stock falls after sales fall shy of expectations
By Alysha Khan Chipotle Mexican Grill Inc. cracked the billion-dollar earnings mark with a 52. 3 percent increase in earnings for the fourth quarter but sales fell just short of analyst expectations and the stock fell 6.42 percent to $679.85 in after-hours trading. “Quite simple, I do not think that we would be able to […]
Potbelly insiders sold stock as price fell
By Alysha Khan As Potbelly Corp.’s stock fell throughout 2014, company insiders at the Chicago-based restaurant chain were selling the stock. Potbelly went public October 4, 2013 at an initial offering price of $14. The stock peaked at $32.40 two days later. It closed Monday at $13.95. At the beginning of 2014, former CEO Bryant Keil […]
McDonald’s Corp. announces new CEO
By Alysha Khan After a disappointing fourth quarter and year, McDonald’s Corp. announced that CEO Don Thompson will retire as of March 1. The stock jumped 3 percent after hours. “It’s tough to say goodbye to the McFamily, but there is a time and season for everything,” Thompson said in a press release.
McDonald’s Corp. earnings fall
By Alysha Khan Global fast food giant McDonald’s Corp. ended a year of struggling sales with a 21 percent drop in fourth quarter earnings, missing Wall Street’s expectations, and warned that it may take several months for its new strategies to translate to higher profits. The stock drooped.
