Delta Air Lines Inc.‘s stock shot up 7.26 percent after the release of its fourth-quarter report on Tuesday morning, despite its net income’s swinging down to a loss of $712 million dollars in the December quarter, or 86 cents loss per diluted share, from the year-ago earnings of $9.89 per diluted share.
The adjusted non-GAAP net income, however, was $649 million, or 78 cents per diluted share, beating the consensus forecast of 75 cents, according to Zacks Investment Research.
By Matt Yurus
Speaking before Karen Lewis and other city leaders at City Club of Chicago Tuesday, mayoral candidate Jesus “Chuy” Garcia reminded voters that his “priorities are very different from those of Mayor Rahm Emanuel.”
Garcia argued that his plans for education, policing and financial reforms would bring steady improvements to Chicago. His tone was cautiously optimistic, acknowledging that these reforms would take time.
By Elizabeth Elving
On Tuesday, at the 8 p.m. close of regular business hours, the owners of Logan Square’s Cafe Mustache dimmed the lights and placed tea candles on each of the mismatched tables. Patrons shut their laptops and switched from coffee to beer. The music faded out, and the talk turned to sin.
The Seven Deadly Sins storytelling series has been a regular event at the coffee shop for two years. At each session, seven performers tell a story related to one of the seven deadly sins. The stories can be funny, filthy, or heartbreaking, personal or fictional, so long as they fit the premise. Continue reading
By Margaret Anderson
Plywood boxes are stacked in a warehouse at Cook County Facilities Management waiting for a call from the medical examiner’s office, where they’ll be the last home for those who died on the street.
Each time a homeless person is buried, the cost to Cook County is $474. There are over 6,000 homeless braving the Chicago winter, but the city has beds for only 3,000, said Matt Smith, the communication director for the Department of Family and Support Services.
By Grace Eleyae
While on his nationwide tour, President Obama spoke about a plan to institute free community college education to students with a C-average or better. Locally, this benefit will soon be seen in the City Colleges of Chicago, with Mayor Emanuel’s recent announcement of the Star Scholarship — great news for students in a system where many are dependent on financial aid.
By Meg Rauch
Ninety percent of a child’s brain development has already taken place by the age of five. That’s why preschool is so important for a child’s intellectual, social and emotional growth. A new grant aims to expand early childhood education in Chicago. Continue reading
By Marika Bastrmajian
On the second day of community discussions, over 200 residents in Washington Park continued to deliberate the possibility of bringing the Obama Presidential Library to the south side. The proposal is to use roughly 22 acres of public parkland.
Story by Meredith Wilson
Audio by Bethel Habte
A panel of economic experts exceeded an already optimistic outlook for 2015 with their predictions on gross domestic product, unemployment and the Dow during the Executives’ Club of Chicago’s Annual Economic Outlook Luncheon on Wednesday.
Diane Swonk, chief economist and senior managing director of Mesirow Financial Services expects U.S. GDP to grow by 3 percent, unemployment to be under 5 percent and the Dow to close at 18,499. Continue reading
By J’nelle Agee
Mayor Rahm Emanuel announced the 30th company to relocate to Chicago since he took office. Prescient Edge, a global security and technology firm, will be moving its headquarters from Virginia to downtown Chicago. But who will get the approximately 60 jobs it will bring to the city?
By Melissa Schenkman
A national study on alcohol use found on an average day six people die from alcohol poisoning. Illinois ranked the third lowest in the number of deaths. Angelo Cristobal, a Streeterville bartender talks about how bartenders are trained to do more than serve drinks. Continue reading