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 […]
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 […]
By Lawrence Rigby Evanston had a Powerball lottery winner in 2014. Can the Chicagoland produce a jackpot record-breaking winner again?