Navistar shares slump on first-quarter loss
By Siri Bulusu Navistar International Corp. shares tumbled after the company, citing “softer industry conditions” and lower export sales, reported a substantial first-quarter loss. The commercial and military truck manufacturer disclosed a net loss of $33 million, or 40 cents per diluted share, a narrower deficit than the year-ago quarter’s $42 million, or 52 cents […]
Child killer charged: ‘He’s gone forever. He was just a 9-year-old boy.’
By Thomas Vogel The man charged Monday for the grisly killing of 9-year-old Tyshawn Lee in November made incriminating statements while in police custody, boasting about the murder and describing plans to write a rap song about it, city and county officials revealed Tuesday. During a press conference at Chicago police headquarters, however, authorities declined to […]
Battle for the board: United shareholders plan proxy fight
By Poroma Pant Holders of a 7.1 percent stake in United Continental Holdings Inc. – unhappy with the company’s share price – plan to launch a proxy fight to claim six seats on the airline’s board. On Tuesday, United disclosed hedge funds PAR Capital Management Inc. and Altimeter Capital Management L.P. had advised the carrier […]
“Wall” trumps policy in Republican race
By Aryn Braun and Meggie Morris Despite frequent jokes about Donald Trump’s proposed wall at the U.S.-Mexico border, immigration lawyers and experts warn political rhetoric has perilously consumed the national debate surrounding border control, immigration and national security. “The border, in my mind, has turned into a political campaign commercial,” said Edward Alden, a senior […]
Mild winter chills Dick’s Sporting Goods earnings
By Steven Porter After a mild winter that bogged down fourth-quarter sales for Dick’s Sporting Goods Inc., the retailer turned in earnings Tuesday that were just shy of expectations. Net income was $129.0 million, or $1.13 per diluted share, for fourth-quarter ended Jan. 30, down 17 percent from $155.5 million, or $1.30 per share, the […]
Community-minded City Lit Books thrives despite paper-thin margins
By Steven Porter City Lit Books, an independent store just off Logan Square in Chicago, has been part of the neighborhood since 2012. Although it has sold more books year-over-year every month since its launch in 2012, its sales are but one measure of its success, according to owner Teresa Kirschbraun. “I do everything I […]
With strong tournament showing, Wildcats ‘bring some life’ back to team
Text by Michelle R. Martinelli Video by Hannah Gebresilassie The Northwestern women’s basketball team’s performance in the Big Ten tournament left an obvious question: Where has that team been all season? Despite a disappointing 4-14 finish in the Big Ten regular season, the Wildcats (18-15) played like they had finally found their chemistry and became the lowest-seeded […]
New technique changing eyes from brown to blue sparks debate
By Chencheng Zhao “Underneath every brown eye is a blue eye,” said Gregg Homer, the inventor of the first noninvasive cosmetic surgery that transforms brown eyes to blue by low-energy laser. The new procedure, known as Stroma, is raising questions about potential side effects from the technique as well the ethics of performing an elective […]
Eastern European theater company incorporates political art into ‘King Lear’
By Katina Beniaris Based in a country formerly allied to the Soviet Union and currently subjected to harsh censorship laws, Belarus Free Theatre remains fearless in their second U.S. visit with a contemporary twist on this Shakespeare tragedy about an aging king. Five years after their Chicago debut, the political theater company returned to Chicago […]
Becoming an elite basketball player comes at high price
By Aishwarya Kumar Lakshminarayanapuram Whitney Young junior guard Adrienne Truitt and her family have never gone on a family vacation in the last 10 years. Not even on short trips. Adrienne’s father Michael wanted to spend every additional penny he had on his daughter’s basketball career. And it is considerable: An estimated $40,000.