By Taylor Hall
Chicago Park District officials are staying mum on the NFL’s permit status after announcing the league had not yet obtained necessary permits to create a public site for the upcoming three-day draft in Grant Park.
After announcing April 8 that the NFL had not secured the appropriate permits for its outdoor fan festival , Park District and City officials have not provided any updates. The NFL’s Draft Town is scheduled to take place April 30 through May 2.
“That’s information I cannot release to you. You can go on the website and email from the FOIA,” said Denise Reed-Burton, Park District coordinator for special event & media permits, regarding the site. “I can’t give you any information at all. The only person that can speak to that permit is the person whose name is on the permit”
Medill Reports has submitted a Freedom of Information request for the information.
By Yimian Wu
Helped by recent acquisitions, First Midwest Bancorp Inc. posted solid first quarter earnings with improved expense control and net interest margin. Shares went up 3 cents to $17.44.
In the first quarter ended March 31, the Itasca-based bank holding company earned $19.9 million, or 26 cents per diluted share, a 12 percent increase from $17.7 million, or 24 cents per diluted share, in the same quarter of 2014. The Bloomberg consensus estimate was 26.4 cents.
First Midwest increased its quarterly dividend 1 cent to 9 cents per share.
By Lucy Ren
Oil prices rose slightly on Wednesday despite a government report showing a spike in oil supply in the U.S. in the most recent week.
U.S. crude inventory rose by 5.3 million barrels to 489 million in the week ended April 17, marking the highest level of supply in at least the last 80 years, according to the Energy Information Administration report. Oil inventory has risen 28 percent since January,
Analysts differ on the long-term outlook for oil prices.
By Traci Badalucco and Christina Bucciere
Millions of avian flu-infected hens are expected to be euthanized on a major egg-producing farm in northwest Iowa with the help of the state.
Nearly 3 million hens will be euthanized with carbon dioxide on Sunrise Farms’ facility, said Dustin VandeHoef, communications director at the Iowa Department of Agriculture. Continue reading
By Sean Froelich
Chicago-based artist Jackie Kazarian, 56, debuted Project 1915 last week. The project was done to remember Kazarian’s perished ancestors in the Armenian genocide and those who managed to survive.
By Taylor Hall
Chipotle shares sank more than 7 percent Wednesday, despite reporting earnings that topped expectations. The company reported its smallest sales growth among year-old restaurants in the first quarter since 2013.
So-called comparable restaurant sales among stores open at least 13 calendar months rose just 10.4 percent, falling below consensus expectations of 11.5 percent growth. The company also lowered its revenue outlook for 2015.
Chipotle co-CEO Steve Ells blamed pork supply shortages and adverse weather for the sales slump during the company’s earnings conference call Tuesday. Continue reading
By Brian MacIver
Despite declining net income and revenue, tech giant IBM Corp. reported late Monday a better-than-expected increase in adjusted earnings, causing its stock to jump more than 3 percent in after-hours trading before declining on Tuesday.
By Sam Fiske
Up until his final days, legendary Bears linebacker Doug Buffone related more to the hard-working people of Chicago than any type of celebrity.
“We had more in common with the fan,“ Buffone said of he and his teammates in a phone interview with Medill Reports last Thursday. “We’d work our asses off, [the fan would] work his ass off.”
Buffone, 70, died Monday at home in Chicago. Buffone played all 14 of his NFL seasons with the Bears and is widely considered the team’s best linebacker not in the Hall of Fame. His 186 games played are fifth all-time in franchise history, and his 24 career interceptions are the most by any Bears linebacker. Continue reading
By Melissa Schenkman
It is not the type of cancer that makes the cut when it comes to television public service announcements. But the number of healthy young adults getting diagnosed with thyroid cancer is rising.
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.