Palette & Chisel serves art community for 120 years

office Palette & Chisel, Otto Hake

by Jingnan Huo Palette & Chisel Academy of Fine Arts was started in 1895 by a group of Art Institute night students who needed a place to paint during the day. Each Sunday, the students would hire a model they could draw or paint in natural daylight. In 1921, the artists bought a run-down Italian […]

U.S. tax, healthcare changes won’t distract Monroe Capital

Monroe Capital Corp's office building lobby

By Jingnan Huo Chicago-based business development company Monroe Capital Corp. (NASDAQ: MRCC) is expected to maintain strong growth in 2017, analysts say. Policy changes in healthcare and tax breaks and intensifying competition in the business development arena will not have a heavy impact on the company’s business, nor will it affect the company’s conservative investment […]

Fidus Investment Corp.’s strong performance continues

fidus office evanston

By Jingnan Huo Evanston-based business development company Fidus Investment Corp. (NASDAQ: FDUS) late Thursday reported strong performance in the fourth quarter ended Dec. 31 reaching net investment income of $7.8 million, or 39 cents per share, rising 9.3 percent from $7.2 million, or 44 cents per share, in the year-ago quarter. Net assets from operations […]

Blockchain 2017: experimentation abounds, Illinois hopes

By Jingnan Huo It has been a busy winter for Moran Cerf, Northwestern University professor in business and neuroscience and a self-described former hacker. From November to January, Cerf said, each month he has been invited to speak to around 20 Illinois companies, mostly in Chicago, about blockchain. “So if you don’t count the holidays, […]

Lawyers spring into action for immigrants at O’Hare

lawyer O'Hare

by Jingnan Huo While protesters against President Trump’s immigration ban rally outside Terminal Five of O’Hare International Airport, inside the terminal, by McDonald’s, on rows of tables, are about 20 lawyers working to help families and friends of immigrants who have had trouble at the border.

Arthur J. Gallagher reports gains, sees acquisitions ahead

Arthur J. Gallagher & Co.'s Chicago office

By Jingnan Huo Arthur J. Gallagher & Co. reported late Thursday fourth-quarter net earnings attributable to controlling interests of $95.1 million, a 52.6 percent jump from the year-earlier $62.3 million. Diluted net earnings per share were 53 cents compared with 35 cents. Revenues grew 3.8 percent to $1.39 billion, 0.5 percent less than the estimate, […]

U.S. trade deficit for goods narrows in December

container spain Jumilla Flickr

by Jingnan Huo The U.S. international trade deficit for goods narrowed to $65 billion in December from $65.3 billion in November, seasonally adjusted, according to an advance report released by the U.S. Census Bureau Thursday. Economists were expecting no change in the deficit. Exports grew 3 percent to $125.52 billion from $121.85 billion in November, […]

Manufacturing and wages growing in the Midwest, Fed says

Federal Reserve Bank Chicago

by Jingnan Huo The Midwest saw robust manufacturing growth and a tight labor market with increasing wage pressures at the end of 2016, in line with national trends, according to a Federal Reserve report issued Wednesday. The report, known as the beige book, is a collection of anecdotal data from all 12 Federal Reserve district […]