Sealed Air Corp., maker of Bubble Wrap, shows earnings pop
By Steven Porter Sealed Air Corp. shares surged Wednesday after the Bubble Wrap manufacturer turned in far-better-than-expected fourth-quarter earnings. The company, which also manufactures Cryovac food packaging products as well as Diversey cleaning supplies, reported net income of $123.5 million or 62 cents per diluted share, up from $66.3 million or 31 cents per diluted […]
CME Group Inc. holding strong to steady
By Steven Porter Locked in heated competition for dominance in the futures exchange marketplace, CME Group Inc. is poised to stand its ground. Sixteen of the 18 analysts surveyed by Bloomberg recommend buying or holding onto CME stock, eight saying buy. Morningstar Equity Research published a report last fall expecting CME to enjoy an increase […]
Federal judge orders commodities trader to pay nearly $500 million
By Steven Porter Sanctions amounting to nearly half a billion dollars have been imposed upon an offshore commodity-pool operator who for years defrauded American investors, the U.S. Commodity Futures Trading Commission announced Wednesday. The penalty is the result of a 2012 civil complaint filed by the CFTC against Nikolai Battoo and his companies BC Capital […]
Startup seeks to equip cybersecurity pros
By Steven Porter Paul Petefish paced at the front of the room one recent evening, clicking through slides as he told about three dozen prospective students that they, too, could find work as cybersecurity professionals. Petefish, a 33-year-old information technology consultant who’s climbed the ranks of Solutionary Inc. over the past decade, this year co-founded […]
Mayor Rahm Emanuel ousts Chicago police superintendent
By Steven Porter Chicago’s top cop lost his job Tuesday, one week after city officials released video of an officer shooting a teenage suspect 16 times, setting off demonstrations against police brutality and a flurry of national press coverage. Police Superintendent Garry McCarthy was asked to resign because he’s become “a distraction,” Mayor Rahm Emanuel […]
Chicago police ordered to release video of teen shot 16 times
By Steven Porter Chicago police must release video of an officer fatally shooting a 17-year-old boy 16 times last year on the city’s Southwest Side, a Cook County judge ordered Thursday. The footage, which Chicago Tribune columnist John Kass warned “could tear Chicago apart,” was captured by a dashboard camera in a police cruiser that […]
