By Bonnie Du
CBOE Holdings Inc., the holding company for Chicago Board Options Exchange, the CBOE Futures Exchange and other subsidiaries, today reported an 8 percent increase in net income in the fourth quarter 2014, driven by an increase of transaction fees and regulatory fees. However, the stock closed at $62.46, down 4.12 percent with its earning missing the Wall Street expectation.
The company earned $49.1 million, or 58 cents per diluted share in the fourth quarter, compared with $145.6 million, or 52 cents per diluted share in the year-earlier quarter. But it missed the expectation of 66 cents per diluted share.
by Jin Wu
Stericycle Inc. (NASDAQ: SRCL), the Illinois-based world’s largest provider of regulated medical waste management, reported higher profits in both the fourth quarter and the year 2014 due to its successful acquisition strategy.
For the quarter ended December 31, Stericycle earned $82.5 million, or 96 cents per diluted share, compared with $78.2 million, or 90 cents per diluted share, in the year-earlier quarter. However, the diluted EPS missed the $1.12 consensus estimate of seven analysts, and the stock dropped 2.48 percent. Continue reading
By Lucy Ren
The stock of DeVry Education Group Inc., one of the largest educational organizations in the world with subsidiaries including Carrington College and DeVry University, plummeted 18.1 percent, as the company’s adjusted earnings per share of 75 cents fell short of the consensus estimate of 78 cents. Continue reading
By Meg Rauch
Illinois Governor Bruce Rauner recently signed an executive order to improve business opportunities for women and minorities. And President Obama is urging Congress to pass legislation for women to receive equal pay in the workplace. These actions aim to help women entrepreneurs to overcome many of the challenges they face today. A Chicago law clinic has also stepped in to help. Continue reading
By Yasufumi Saito
CME Group Inc., the world’s largest futures-exchange operator, reported late Thursday a 59 percent growth in fourth-quarter earnings as trading volume grew internationally. The shares climbed more than 3 percent Friday.
By Yasufumi Saito
One of the icons of capitalism is fading out as the world is more digitized.
CME Group Inc., the world’s largest futures-exchange operator, announced Wednesday it will close most of its open-outcry futures trading pits this summer, due to the shift from floor trading to electronic transactions. Continue reading
By Laura Furr
From the White House to Chicago’s suburbs, from Lollapalooza to Snapchat, unmanned aerial systems, commonly known as drones, have been making headlines.
And as drone technology becomes cheaper with user-friendly photo and video capabilities, interest in personal drone use has taken off. Continue reading
By Lucy Ren
The U.S. trade deficit went up 17.1 percent to $46.6 billion in December. Impacted by the strong dollar, exports decreased by 0.8 percent and imports expanded by 2.2 percent, the highest growth since March.
For all 2014, the U.S. goods and services deficit increased 6 percent to $505 billion. Exports rose 2.9 percent and imports declined 3.4 percent. Continue reading
By Marika Bastrmajian
The resale industry is a multi billion dollar industry having grown significantly in the last few years since the recent recession. Consignment shops, like Luxury Garage Sale, have seen an influx of both shoppers and sellers and as the industry continues to grow, value-conscious shoppers are given more options aside from traditional shopping.
By Eric Clark
Broadcast journalists Ben Finfer, Alex Quigley and Mark Carman became victims of the cutthroat nature of the sports talk radio industry in December, losing their jobs at Chicago’s The Game 87.7 only nine months after its inception.
But they still believe the industry is as strong as it has ever been. Continue reading