Wilmette teen documentary spurs food allergy awareness, more training
By Traci Badalucco Restaurant workers need to know if a salad dressing has peanut oil or whether the pasta is made from eggs. With food allergies on the rise in the U.S., experts and consumers want food handlers in restaurants to improve their knowledge and awareness about ingredients. Allergy prevalence in the U.S. increased 50 […]
Yum’s decision in China: To dump or not to dump
Updated June 3 with comment from OSI Group LLC By Yimian Wu Hedge funds such as Third Point and Corvex Management favor Yum! Brands Inc., for one thing: China. But activist investors propose divesting Yum’s China division, which generates half Yum’s revenue, as a giant franchisee that would pay big, steady royalty fees. According to Bloomberg, the founder of activist […]
Chicago offers affordable options for beginner golfers
By Scott Guthrie Local golf courses reported less traffic Memorial Day weekend than in years past, reflecting a national trend indicative of the game’s decreasing popularity. “We were [only] down about 20 rounds,” said Tom Donovan, general manager at Robert A. Black golf course in Chicago. “But it’s nothing to scoff at.” Since 2011, an […]
Despite 6 years of underperformance, hedge funds still popular among University endowments
By Lucy Ren Despite scrutiny over hedge funds’ underperformance since the financial crisis, large university endowment funds like that of Northwestern University are still holding on to — if not raising — their stakes in “alternative investments,” which are usually prone to high risk but often perform better than equities. Under the backdrop of soaring global equities […]
VIDEO: Immigrants hope Gloria Estefan musical shines light on migration
By Carmen Lopez Cuba and the United States are currently working on repairing ties, but migration from the communist country has been active for decades. Some Cuban immigrants are eager to see what will happen to Cubans migrating to the United States now that relations are improving. These changes are also gaining attention as Gloria […]
Gross domestic product sagged in first quarter
By Yimian Wu The U.S economy contracted 0.7 percent in the first quarter as the trade deficit widened and business investment fell, according to the second estimate of gross domestic product (GDP) by the Commerce Department. The result was revised from the first estimate of an increase of 0.2 percent released last month, but it […]
Last minute donation to South Side high school renews hope, buys time.
By Lydia Randall On the day of a self-imposed deadline, Hales Franciscan High School –a South Side mainstay for over 50 years — has had an 11th hour miracle. A generous donation to the school means that students will be returning in the Fall. The school is still short of the $300,000 it says it […]
Ulta shares drop despite earnings surge and upbeat outlook
By Siyuan Du Ulta Salon, Cosmetics & Fragrance Inc. reported a 34 percent increase in quarterly net income, driven by strong growth in both retail and online traffic and sales.
Lyons capture second water polo state title in four years
By Sam Fiske A full day of celebration was cut short for Stevenson High School Saturday night as the boy’s water polo team failed to complete a state championship sweep against Lyons Township High School. Instead, it was the scene of Lions’ chants roaring from the stands and a frustrated Stevenson assistant coach ripping down […]
April durable goods report shows business investment on the rise
By Taylor Hall Despite a drop in volatile aircraft orders that sent durable goods down slightly in April, economists said a strong rise in business investment was a positive sign for the economy. The U.S. Department of Commerce report Tuesday showed new orders for manufactured durable goods, including items like dishwashers, computers and machinery, fell […]