By Bethel Habte The Fueling Station A passing thunderstorm left tiny puddles in the courtyard entrance of Canvas, an art and performance studio in Wicker Park. The rain’s clearing up and a crowd’s trickling in. Every second Monday of the month the space hosts Gala, an open mic, where Ayinde Cartman refuels. “Everything else is […]
By Bethel Habte Medill News Service He’ll tell you about his sweet tooth. He’ll tell you about the black dachshund named Tiny he’s adopted. And if you ask, Darrell Cannon will tell you about the time he was tortured by Chicago police officers. In 1983, Cannon was a suspect in a murder case. After his […]
By Bethel Habte Nationally, the tab is $1.3 trillion and climbing. With 25 percent of the outstanding student loan debt already in deferment, forbearance or default, policymakers in Washington are wondering: should the federal government forgive it?
By Bethel Habte During a presentation at Creative Mornings, a free monthly conference and networking event, architect Katherine Darnstadt pulled up a photo of people waiting in line for designer cupcakes at a food truck on a freezing Chicago afternoon. She followed that photo with one of people waiting in line for fresh produce at […]
By Bethel Habte The Chicago City Council Finance Committee announced Monday that it will hold a hearing April 14 on the Reparations Ordinance for Chicago Police Torture Survivors. The hearing marks a step forward for activists supporting the measure, which would provide $20 million in reparations and services for torture victims and their families who […]
By Bethel Habte In line with expectations, Ulta Salon, Cosmetics & Fragrance Inc. posted strong fourth quarter and annual earnings Thursday afternoon. The stock popped. Ulta made $87.26 million in the fourth quarter, compared with $70.68 million in the year earlier quarter. The company’s earnings per diluted share widened to $1.35 from $1.09.
By Bethel Habte Ulta Salon, Cosmetics & Fragrance Inc. doesn’t need to cover up. The 25-year-old retailer based in Bolingbrook, Illinois is poised to produce another strong earnings report Thursday. Reflecting robust performance, the stock has ranged from $83.54 to $143.69 in the past 52 weeks and closed near its peak on Tuesday at $140.47. […]
By Bethel Habte With oil prices at historic lows, consumers could pad their pockets with money they’re saving at the pump. While many economists predicted stronger consumer spending in areas like retail with this gas windfall, drivers have other financial priorities in mind. The U.S. Energy Information Administration forecasts that the average U.S. consumer will […]
By Bethel Habte CDW Corp., a Fortune 500 technology solutions provider, reported lower fourth quarter profit than in its year-earlier quarter. Analysts responded positively to the report, however, since the company’s adjusted numbers showed a profit increase in the same period. The market responded with a modest gain for the stock. By GAAP standards, generally […]
By Bethel Habte Boeing Co. reported a 19 percent increase in profits and record revenues in its fourth quarter. The stock rose 5.4 percent. The company credited its strong showing to a wave of new orders in the commercial sector and international contracts. The aircraft manufacturer made $1.47 billion in profits in the quarter-ended Dec. […]