Under Armour shares fall despite strong sales

By Ezra Kaplan

Shares of Under Armour Inc. fell almost 5 percent as the company reported a 13 percent drop in net income and a 2015 outlook that fell short of Wall Street expectations.

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10th Ward residents are still waiting for results

By Lizz Giordano

One of the closest elections runoffs in recent Chicago history might not be decided even after all the ballots are tallied Tuesday.

A fiercely fought campaign for 10th Ward alderman has ended up in court after both candidates filed for a recount with the Cook County Circuit Court. As of Monday, challenger and political newcomer Susan Sadlowski Garza leads incumbent Alderman John A. Pope by 33 votes, according to the Chicago Board of Elections. The final absentee and provisional ballots still need to be rolled into the totals for the Tuesday deadline.

Tuesday is the last day for the Chicago Board of Elections to process the remaining absentee and provisional ballots. Continue reading

VIDEO: Illinois juvenile facilities to introduce tablet education system

By Jennifer Leonard

College prep classes inside jails and prisons are an often-discussed, but seldom realized subject. There’s either not enough spots for everyone interested to participate, or there’s not enough money to offer classes in the first place.

One Chicago tech startup wants to change that dynamic. Jail Education Solutions developed Edovo, an app technology that runs on tablets. Inmates can rent the device and pursue their individual learning goals at their own pace and at low cost. Continue reading

VIDEO: Medillcast

Produced by Courtney Dillard

Medillcast is a weekly newscast covering events and issues in Chicago. Mariel Turner and Beth Werge bring you this week’s top stories. The headlines include a look at Mayor Rahm Emanuel’s plans for his second term, Hillary Clinton’s Facebook debut, Senator Dick Durbin’s call to action for Chicago students and the city’s preparations for the NFL Draft. Continue reading

Where’s the World Cup video game this year?

By Nick Kariuki

Thousands will travel to Canada this summer to watch 24 national soccer teams compete across six cities for the World Cup title.

In the sports video game world, industry leader Electronic Arts Inc. takes the opportunity to release a new title of its licensed “FIFA” franchise. That means a game with all the latest rosters, visuals and simulated atmosphere in the future tournament venues.

Sorry. There won’t be that kind of game this year, either as a stand alone title or downloadable content to the already released “FIFA 15” title. Why? Because it’s a Women’s World Cup year.

In the sports game market, stand alone women’s sports games and add-on content remain underrepresented. High-profile appeals have been made by athletes, sports fans and gamers, with varied success. It doesn’t help that the stumbling block is the very first step women’s sports games just aren’t marketable. But should that prevent game developers from trying? Continue reading

Is it time for portfolio managers to hedge?

By Lucy Ren

Shirley Luo, 29 years old, has been with Goldman Sachs since 2007. A vice president in the distressed-debt trading group, Luo recently quit the prestigious company this year, to join a start-up hedge fund.

Luo’s career change is not unique in the investment banking industry. She said six or seven in her group have quit the New York-based company recently. The main reason? Tighter regulations on the industry, Luo said.

It’s the feared Volcker Rule, finally kicking in. Continue reading

Cubs fans donate to Illinois tornado relief

By Hannah Beery

Lisa LaSala sat in the Kirkland Fire Department Tuesday, temporary home of the American Red Cross, and thought about the next steps for tornado relief in nearby Fairdale and Rochelle.

But cleaning up home base when putting back together a community torn apart by a tornado means more than brushing off the dirt. And this caused LaSala, executive director of the American Red Cross of Northwest, to ask for something that is hard to come by these days.

“A miracle,” she said.

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VIDEO: Buddy Program connects Alzheimer’s patients with medical students

By Tanni Deb

Northwestern University’s Cognitive Neurology and Alzheimer’s Disease Center has developed a Buddy Program that connects first-year medical students with people who are diagnosed with Alzheimer’s disease and other related illnesses. Through the program, buddies meet with each other on a regular basis and build a relationship outside of the clinical setting. Reporter Tanni Deb spoke with Ben Ferguson, an Alzheimer’s patient, and his buddy, April Yu, to learn how they both benefit from the program.

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Wintrust reports strong first-quarter earnings

By Yimian Wu

Wintrust Financial Corp. announced a strong first quarter result, exceeding expectations, with growing loans and deposits, a substantial increase in mortgage banking revenue, and continuing acquisitions. Shares went up 1 percent.

In the quarter ended March 31, the Rosemont-based bank holding company earned $39.1 million, or 76 cents per diluted share, a 13 percent increase from $34.5 million, or 68 cents per diluted share, in the same quarter of 2014. Analysts estimated 73 cents per diluted share, according to Bloomberg.

The quarterly cash dividend was increased 1 cent to 11 cents per share.

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Foodie 5K runs up $1 million in groceries for hungry neighbors

By Sara Shouhayib

Over 1,200 runners and walkers took their place at the starting line of the second annual Foodie 5K race on Saturday morning and raised $130,000 to fight hunger.

That’s enough money to provide the equivalent of $1 million worth of groceries to feed hungry people in Northern Illinois.

“We know that one in seven of our neighbors are at risk of missing meals in the coming year,” said Julie Yurko, president and CEO of the Northern Illinois Food Bank, serving 13 counties. Continue reading