Nasdaq Stock rallies despite net loss
By Jiefei Liu Despite reporting a quarterly loss, Nasdaq Inc. beat expectations and its stock climbed 3.46 percent. Nasdaq swung to a net loss of $224 million, or $1.35 per diluted share, from a net income of $131 million, or 77 cents per share, a year earlier primarily due to writing down the eSpeed trade […]
Energy experts: future of clean power lies in changing incentives
By Hannah Levitt The future of clean power depends on state and local governments implementing policies that expand the market for renewable energy development, according to energy policy experts at a seminar hosted by the Energy Policy Institute at the University of Chicago Thursday. Energy policy and economics expert Susan Tierney and New York State […]
Exxon Mobil’s Profit Plunges 40 Percent
By Urvashi Verma Exxon Mobil Corp.’s profit dropped nearly 40 percent in the fourth quarter as the company reported a $2 billion impairment in its natural gas assets and weaker profits from refining operations. Nevertheless, the stock decreased a modest 1.14 percent and closed at $83.89. Profit in the quarter declined to $1.68 billion or […]
MasterCard beats estimate but shares drop
By Yifang (Evonne) Liu MasterCard Inc., a New York- based global payments company, beat Wall Street’s estimate by a penny, but revenue growth slowed compared to the first three quarters of 2016, and the stock dropped 2.8 percent. For the fourth quarter ended Dec. 31, MasterCard reported a net income of $933 million, or 86 […]
Eli Lilly stock jumps after fourth quarter earnings release
By Rachel Newman Eli Lilly and Co. stock jumped more than 3 percent as the company reported a 61 percent increase in fourth quarter earnings Tuesday. Shares of Eli Lilly were trading at $77.02 at the close of trading on Tuesday, up 3.1 percent. The Indianapolis-based pharmaceutical company reported a fourth quarter profit of $771.8 […]
Lane Tech-Taft: A rivalry gone digital
By Rosie Langello In 2003, Mahmoud Abdelfattah was standing at the foul line on Taft’s Senior Night with two minutes left to play when a fight broke out in the stands. When he looked up, the entire student section started running towards him. “Before I knew it, I didn’t even have the ball anymore,” Adelfattah […]
Manpower’s fourth quarter revenue stalls on U.S. weakness
By Karen Lentz Milwaukee-based Manpower Group Inc. Tuesday reported a 2.8 percent rise in fourth quarter profit and virtually flat revenues that were adversely impacted by the strong U.S. dollar. The global staffing firm, whose results can provide an early indication of what’s to come for the economy, reported net income of $127.4 million, or […]
The number-cruncher behind the ‘Bama of college e-sports
By Yifan Wu In a season-opener against an unranked and little-known opponent, a college powerhouse fell behind by one point for less than two minutes. However, the head coach, who just came off a brief stint in the pros, buried his face in his hands and sighed in disbelief before rifling through the team analyst’s […]
War on the Shore showcases basketball, epilepsy awareness
By Eric Burgher Six of the top high school basketball teams in the Chicago area competed this weekend, but the focus of the day was off the floor as the Danny Did Foundation raised just over $3,300 for epilepsy awareness. The 7th Annual “War on the Shore” at Evanston High School was the foundation’s most […]
Trump Protesters React To A Pence Presidency With Mixed Reaction
By Abhinanda Datta The people who took to the streets on Friday, to protest against the president- elect’s inauguration, are hoping for and simultaneously dreading an impeachment – considering Vice President Mike Pence the lesser of the two evils. “Donald Trump has definitely got to go. His comments on grabbing women should have disqualified him, […]