Company founded on talking and tweeting sees early success
By Antea Gatalica There’s no shame in crashing at Mom and Dad’s after graduation if you’re Taylor Gaines, a 23-year-old entrepreneur who has successfully launched a full-service social media agency. Founded just two years ago, Chicago-based TNT Digital Media now sees steady revenues of approximately $10,000 each month.
Ulta outlook cheery heading into holidays
By Antea Gatalica As many brick-and-mortar stores have been losing momentum to online retailers, Ulta Salon, Cosmetics & Fragrance Inc. is bucking the trend. The company continues to open new stores – it’s planning to open 100 in the coming year – and has raised its profit outlook after beating Wall Street estimates for sales […]
Walgreens Boots shares dive after Rite Aid announcement
By Antea Gatalica Shares of Walgreens Boots Alliance Inc. plummeted nearly 11 percent Wednesday following the company’s announcement it will buy smaller rival Rite Aid Corp. for $9.42 billion in cash. The decline came even as the Deerfield-based company reported quarterly earnings that beat analysts’ expectations.
Harley-Davidson stock sputters on third quarter earnings
By Antea Gatalica Harley-Davidson Inc. reported a 6.5 percent decline in third quarter earnings that fell short of analysts’ forecasts, and said it would slash jobs to pay for stepped-up marketing. Shares of the Milwaukee-based motorcycle manufacturer plummeted 14 percent, or $7.80, to close Tuesday at $48.25.
Fewest jobless claims since 1973 in week of Oct. 10
By Antea Gatalica The number of new claims for unemployment insurance fell to 255,000, a decrease of 7,000, in the week ended Oct. 10, and the lowest level reported by the U.S. Labor Department since 1973. The 4-week moving average was 265,000, compared with a downwardly revised 267,250 reported the week prior.
UnitedHealth Group’s earnings beat estimates
By Antea Gatalica UnitedHealth Group Inc. reported higher-than-expected quarterly earnings Thursday, but shares of the company fell on concerns over an increase in costs. The Minnesota-based health care company posted flat net earnings of $1.6 billion, or $1.65 per diluted share, in the fiscal quarter that ended Sept. 30, beating the analysts’ consensus estimate of […]
Labor department reports lowest jobless claims since mid-July
By Antea Gatalica Initial jobless claims fell to 263,000, a decrease of 13,000, in the week ended Oct. 3, the U.S. Department of Labor reported Thursday. The 4-week moving average in the week ended Oct. 3 stood at 267,500, a 1.1 percent change decrease from the week prior. The number of people continuing to receive […]