Tokyo, eyeing 2020, reinforces Japanese character
By Yingcong (June) Fu Tokyo is pointing toward its second Olympics, in 2020, after more than half a century. Different from the situation in 1964, when Japan’s economy was emerging after World War II, Tokyo is trying to bring a new global image this time after decades of economic stagnation in Japan. Consistent with the […]
Consumer sentiment dips slightly but remains high
Consumer sentiment remained high in February but fell slightly from the 13-year peak reached in the previous month. The Index of Consumer Sentiment was 96.3 in February, down 2.2 percent from 98.5 in January but up 5 percent from 91.7 a year earlier, according to the University of Michigan Surveys of Consumers. Economists surveyed by […]
New home sales recover at lower-than-expected pace
By Yifang (Evonne) Liu New single-family home sales modestly increased 3.7 percent to an annual adjusted rate of 555,000 in January, well below the economists’ consensus of an annual rate of 571,000 compiled by Bloomberg. The January rate was up from December’s rate of 535,000, which was a drop of 10.4 percent, the most in […]
Von Steuben player finds motivation from tragedy
By Karl Bullock After failing to muster the required layups in a practice drill, Von Steuben players head to the sideline to face the consequences: sideline sprints. “Were you hustling?” Donovan Maxey asks freshman guard Chijioke Nwosu. With a look of frustration on his face, they begin to run back and forth. Before Nwosu can […]
CHA development deal faces opposition from Rogers Park residents
By Holly Kane Before security escorted Stephanie Hayes and about a dozen members of her group out of a meeting Tuesday, the longtime Rogers Park resident asked board members to think about approving a development deal that she fears would disrupt her community. “We just want to be left alone, and be in peace,” Hayes […]
Chicago photographer makes art out of simplicity
By Lauren Baker Jason McCoy is a Chicago photographer who has been featured in Ebony Magazine and shoots both fashion and portrait photography. His visions are captured in a short documentary. A self portrait by Jason McCoy (Lauren Baker/MEDILL)
Video: Northwestern’s superfan brings color and flair to the season
By Devin Emory From make-up preparation to gym chants, Jake Schaefer is determined to do his part in advancing the Wildcats’ historic season. Here’s a look inside at Northwestern’s most notable super fan as he chronicles his game day strategy. Senior Jake Schaefer dresses in a purple-themed Phantom of the Opera attire for all Northwestern […]
Zebra returns to profitability, stock jumps
By Yingcong (June) Fu Shares of Zebra Technologies Corp. surged 4.8 percent on Thursday as the company reported a profit for the fourth quarter after four consecutive quarterly losses. The Lincolnshire, Ill.-based printer and mobile computer provider swung to net income of $17 million, or 34 cents per diluted share, in the fourth quarter ended Dec. […]
U.S. Cellular faces price competition, other challenges
By Wenjing Yang United States Cellular Corp. is expected to maintain modest growth by focusing on less competitive rural markets amid Wall Street’s downbeat forecast on subscriber growth, while facing price pressure and scale disadvantage in competing with national carriers in 2017. Analysts anticipate the Chicago-based wireless service provider will post revenue of $4.02 billion […]
Kohl’s profit and sales decline, stock drops
By Katherine Hyunjung Lee Kohl’s Corp. (NYSE:KSS), a Wisconsin-based department store chain with more than 1,100 stores nationwide, Thursday reported its net income declined by 14.9 percent to $252 million in the fourth quarter ended Jan. 28 from $296 million a year before. But diluted earnings per share beat Bloomberg’s consensus estimate of $1.29 per […]