Packaging Corp. of America stock plummets after profit decline
By Lawrence Rigby Packaging Corp. of America stock plummeted after the company reported an 8.8 percent profit decline that triggered two downgrades. The fall came despite the Lake Forest Ill.-based manufacturing company’s reporting a fourth quarter net income of $104.3 million, or $1.08 per share, beating analyst expectations of $1.03 per share. The profit was a decline from […]
State budget deadlock jeopardizes manufacturing industry
By Lawrence Rigby Springfield’s inability to pass a budget for fiscal 2016 threatens to make life harder for the already hard-pressed Illinois manufacturing industry. The deadlock could cause manufacturers to lose a Research and Development tax credit that encourages the innovation of new R&D projects. The possible loss of the 6.5 percent tax credit, due […]
Evanston lotto fever
By Lawrence Rigby Evanston had a Powerball lottery winner in 2014. Can the Chicagoland produce a jackpot record-breaking winner again?