Beige Book’s impact extends to everyday individuals, businesses
By Sarah Foster Medill Reports This is the final installment of a multi-part series on the Federal Reserve System Beige Book. Read the previous article: “Despite falling under regional banks’ purview, Fed’s Beige Book excludes territories, commonwealths” Four years ago, Bethany Sanchez received a surprising inquiry: A request from the Federal Reserve Bank of Chicago […]
Despite falling under regional banks’ purview, Fed’s Beige Book excludes territories, commonwealths
By Sarah Foster Medill Reports This is the continuation of a multi-part series on the Federal Reserve System Beige Book. Read the previous article: “Fed’s Beige Book draws skepticism from economists, academics” Antonio Fernos, associate professor at the Interamerican University of Puerto Rico, has grappled with the same question for more than a decade: Why […]
Fed’s Beige Book draws skepticism from economists, academics
By Sarah Foster Medill Reports This is the continuation of a multi-part series on the Federal Reserve System Beige Book. Read the previous article: “Content simple, but impact significant for Fed’s Beige Book report” Bill Bergman isn’t a stranger to Beige Book skepticism. The former research economist for the Federal Reserve Bank of Chicago knows […]
Content simple, but impact significant for Fed’s Beige Book report
By Sarah Foster Medill Reports The words remind him of shuffling through yellow pages inside a library, calling auto dealers at random for informational interviews. The phrase evokes scenes of yelling over large stacks of research documents atop his desk — the only way he could communicate with nearby colleagues. These practices were more than […]
Motorola Solutions CEO brings in $15 million pay package
By Sarah Foster Medill Reports The head of Motorola Solutions Inc. is reaping the financial benefits of leading a well-performing company, analysts and compensation experts said. The company’s directors raised CEO Gregory Brown’s salary by 27 percent in 2017, a year when Motorola Solutions grew profits and adjusted income, completed multiple acquisitions and launched 85 […]
Wrigleyville memorabilia shop brings history to life
By Sarah Foster Medill Reports Tom Boyle can’t help but poke through his shelves. He’s in search of a movie poster that only he can visualize. It’s somewhere among the newspaper clippings, the vinyl records, the buttons and the books. “Let me see,” he says, furrowing his brows and shuffling through his inventory. After searching […]
Japanese politician fights for gender equality
By Sarah Foster Medill Reports Tokyo—There would be nothing special about the night of Oct. 22. There would be no front-page stories to commemorate her, no newspaper headlines to honor her. No confetti would fall from the ceiling; no balloons would bounce to the floor. Instead, she would spend her night alone, sitting somberly in […]
Target shares fall following earnings miss
By Sarah Foster Medill Reports Target Corp. reported healthy increases in sales figures for the fourth quarter ended Feb. 3, but when it came to profits, the company barely hit its bullseye, and shares fell. In accordance with GAAP, new U.S. tax legislation helped boost profits up 34.7 percent to $1.10 billion, or $2.02 per […]
Tyson tops estimates with first quarter earnings
By Sarah Foster Medill Reports Ready-to-eat meals and a major tax overhaul helped Tyson Foods Inc. beef up its bottom line, soaring past analyst expectations, for the first quarter ended Dec. 30. Profits for the U.S. meat giant, known for its Ball Park hot dogs and Jimmy Dean sausages, soared nearly three times to $1.63 […]
McDonald’s reports strong adjusted earnings
By Sarah Foster Medill Reports McDonald’s Corp. supersized its adjusted profits and sales, exceeding expectations, for the fourth quarter ended Dec. 31, as cheap meals and promotional deals successfully lured more customers into stores. Adjusted profits for the world’s largest fast-food chain, before a big tax charge, soared 9 percent to $1.89 billion, or $1.71 […]
