Caterpillar Reports Strong 4th Quarter Results
By Brian Baker Medill Reports Caterpillar Inc. reported strong quarterly earnings driven by improving end markets, particularly in North America, where demand for construction equipment and onshore oil and gas equipment boosted results that outpaced analyst estimates. The Deerfield, Ill.-based manufacturing giant reported adjusted earnings per share of $2.16 for the quarter ended Dec. 31 […]
Democratic candidates trade digs at the first televised Illinois gubernatorial forum
By Elizabeth Beyer Democratic candidates with an eye on winning Gov. Bruce Rauner’s title took fire at each other Tuesday night for the first televised debate of the gubernatorial race. The debate signaled a growing rivalry between candidates that include billionaire financier J. B. Pritzker, State Senator Daniel Biss and businessman Chris Kennedy as the […]
Abbott Laboratories fourth quarter performance beats predictions
By Juliette Rocheleau Medill Reports Shares of Abbott Laboratories (NYSE: ABT), an Illinois-based broad range healthcare company, rose 3 percent after the company reported adjusted earnings that slightly exceeded analysts’ expectations in the fourth quarter ended Dec. 31. On a GAAP basis, Abbott reported a net loss of $828 million, or 48 cents per share, […]
Frosty Faustings’ 10th anniversary celebrates Chicago’s esports community
By Jourdan Kerl Medill Reports The first bell sounded, launching furious fighters into battle. “Round one. Fight!” Mission: to defeat the opponent, to climb through the brackets and win a new championship title in Chicago-area esports.
Candidates canvass for votes for open seat in Illinois 4th District House race
By Xinyi (Ethel) Jiang Medill Reports On a chilly Martin Luther King, Jr. holiday, Delia Ramirez trudges through the snow, knocking on doors. She is introducing herself to voters in the Illinois 4th state house district in Chicago. The Illinois 4th is a heavily Latino district, stretching from West Town through Humboldt Park in Chicago. […]
Carpentersville’s Cinderella skater readies for Winter Olympics
By Erik Alcantar Medill Reports Olympic figure skater Bradie Tennell of Carpentersville could have easily decided to move her training to any number of facilities, including the U.S. Olympic Training Center in Colorado Springs with fellow Team USA figure skater Mirai Nagasu. Instead, she chose to stay home to prepare for Pyeongchang Games.
Young business owners aim to reshape Chinatown
By Tiffany Chen Medill Reports Young entrepreneurs are introducing new hotels and big chains like Starbucks in Chicago’s Chinatown. And they’re taking over family businesses. These new ventures are remodeling storefronts and embracing phone apps to draw a new crowd to the neighborhood. “It’s all part of an image you want to create for the […]
Johnson & Johnson Q4 Report: huge loss to tax provision but strong sales growth
By Yanchun (Roxanne) Liu Johnson & Johnson (NYSE: JNJ), one of the world’s largest pharmaceutical makers, reported Tuesday a huge net loss occasioned by a tax charge on cash outside the United States, along with a healthy increase in adjusted quarterly earnings that slightly beat Wall Street expectations. The stock dropped 4.3 percent. The New […]
Fifth Third Bancorp shares hit a 10-year high after earnings top expectations
By Jinman Li Medill Reports Earnings of Fifth Third Bancorp (Nasdaq: FITB), the holding company of the Cincinnati-based regional banking corporation Fifth Third Bank, leapt 31 percent in its fourth-quarter report, topping Wall Street estimates. The results were favorably impacted by Vantiv-related investment throughout 2016 and 2017 and the Tax Cuts and Jobs Act in […]
Marchers rally for women candidates and immigrants at March to the Polls
By Elizabeth Beyer The 300,000-strong show of force to get-out-the-vote for women and progressive candidates energized marchers gathered in downtown Chicago on Saturday for the Women’s March to the Polls. Organizers estimated that attendance was up 50,000 compared to last year’s march, as participants joined the call for high voter turnout in upcoming local and […]