Bohemian House enjoys early success despite competitive food scene
By Sarah Very and Sony Kassam Dan Powell and Markus Chwajol met late one night in a neurosurgical operating room. Little did they know they would become best friends and business partners – founding their own Bohemian restaurant and taking its annual revenue to $2.6 million in under two years. Embellished with brightly colored tiles and European-inspired […]
Chicago graduates catch startup fever
By Sony Kassam and Sarah Very When most people think of entrepreneurship, images of Silicon Valley tech startups, battling it out to be the next unicorn, come to mind. What they might not consider are the growing startups in the Windy City — a food, healthcare and manufacturing hub with some of the top business […]
The holidays come late for Macy’s Inc.
By Sarah Very Despite unfavorable weather conditions and stiff competition from online retailers during the holiday season, Macy’s Inc. turned in better-than-expected year-end earnings Tuesday. The Cincinnati, OH-based retailer, which also operates the upscale Bloomingdale’s, said net income sank in the fourth quarter ended Jan. 30 to $544 million, or $1.73 per diluted share, from […]
Core consumer prices on the rise in January
By Sarah Very While easing energy costs kept consumer prices in check last month, inflation rates for goods other than food and energy moved higher in January – raising questions as to how the Federal Reserve will respond. The Bureau of Labor statistics said Friday that the Consumer Price Index remained unchanged in January on […]
Garmin stock soars as results top forecasts
By Sarah Very Shares of Garmin Ltd. surged Wednesday after the company reported fourth quarter results that dramatically bested Wall Street expectations. The Switzerland-based provider of GPS navigation technology said net income sank 37 percent to $132.4 million, or 70 cents per diluted share, from $210.2 million, or $1.09 per diluted share, in the year-earlier […]
CVS reports healthy fourth quarter
By Sarah Very CVS Health Corp. turned in fourth quarter results that matched Wall Street expectations, as recent acquisitions and growth in its retail and pharmacy-services businesses bolstered revenue at the second largest drugstore chain. In the latest quarter, the Woonsocket, Rhode Island company reported net income of $1.5 billion, or $1.34 per diluted share, […]
Analysts predict strong earnings for Zimmer Biomet post-acquisition
By Sarah Very The hub of orthopedic innovation exists in Lilliputian, quaint Warsaw, Ind. — where news of corporate mergers and artificial joints fills radio broadcasts and coffee shop smalltalk. On June 24, 2015, Zimmer Inc. acquired crosstown rival Biomet Inc. for $13.35 billion — positioning Zimmer Biomet Holdings Inc. as the second largest company […]
Balmain fanatics drop sleep to drop cash, resellers win out
By Sarah Very Lines of sleep deprived consumers wrapped around H&M stores across the country Thursday morning, waiting to snag pieces of the highly anticipated celebrity Balmain x collection — but many left empty-handed. Jordan Houston planned to arrive at the State Street H&M in Chicago at 6:00 a.m. to get her hands on a […]
‘Blue Badge’ guides make London mecca of tourism
By Adam Babetski Medill Reports On a typical dreary Tuesday in central London, Blue Badge tour guide Sarah Reynolds arrived for work at an atypical place: Westminster Abbey, a church steeped in history that dates back nearly a millennium. Monuments honoring kings and celebrities that would be the centerpieces of other churches were merely part […]
Medill Newsmakers: Use of Narcan helps reduce opioid overdose crisis in Chicago
By Ryan Hayes-Owens Medill Reports The 95th Street “L” station in Roseland will soon have a first-of-its-kind, free Narcan vending machine to treat CTA riders who overdose. TRANSCRIPT Hello and welcome to Medill Newsmakers. Thank you for joining us. I’m Hayes Owens. Every year, drug overdoses claim the lives of thousands. A large percentage of […]
