New startup pulls Magic out of hat, analysts fear a disappearing act
By Laura Furr This past Saturday night around 11 o’clock, 27-year-old Niels van Galen came home from the gym with a craving for Asian cuisine. Van Galen wanted to make a to-go delivery order to his home in Palo Alto, California, but all delivery services in his area had stopped taking requests at 10 p.m. […]
Chicago area rents drop but save tenants little
By Stephanie Choporis Cook County residents can expect little change to median rent prices of all properties due to inflation and potential leveling off despite a recent dip in costs, according to experts. Among the 50 largest metro areas in the U.S., Zillow’s senior economist, Skylar Olsen, said Cook County, also referred to as metro […]
Catholic Charities kicks off Jazz Fest with supper for hungry
By Ellen Kobe More than 100 guests at the Catholic Charities weekday suppers on the Near North Side received more than a meal Tuesday. They also heard a live jazz concert.
VIDEO: Natural hair trend builds lucrative, vibrant community
By Mariel Turner A new hair movement centered on natural and curly hair texture is growing in popularity. Many African-American women are now choosing to wear their hair in its natural state, without the use of relaxers, chemical straighteners or heat. The natural movement is driving down the sales of chemical hair treatments and building […]
Local fashion designer, new mom expands business to Shanghai
By Mallory Hughes Native Chicago designer Christina Fan is hoping to change the way women wear furs. In 2008, Fan designed and launched C/FAN, a women’s wear collection, out of her apartment in Wicker Park. Responding to demand, the line quickly evolved into a contemporary fur accessories brand, featuring hats, scarves, vests and sweatshirts made […]
Chicago Fed president: freeze rates until 2016
By Lucy Ren Charles Evans, president of the Federal Reserve Bank of Chicago, said the Fed should “hold off on raising short–term rates until 2016” in order to achieve the 2 percent inflation objective.
Tribune Publishing reports sharp drops in profits and sales in Q4
By Yasufumi Saito In its first report as a separate entity, Tribune Publishing Co. announced Wednesday drops in both fourth-quarter and full year profits and sales, mostly due to an advertising decline and its spinoff costs, and predicted further sales decline this year. The shares plummeted about 10 percent at one point, before rebounding to […]
Chicago education tech company targets rural Illinois schools
By Taylor Mullaney When Ryan Hoch started teaching Algebra II in St. Louis five years ago, he found that his students were vastly unprepared for the futures they wanted. “When they got to my class their junior year, 90 percent of my students told me that they wanted to go to college,” Hoch said. “They […]
Diners react to possible Chipotle price hike
By Alysha Khan During the last quarterly earnings call, Chipotle Mexican Grill Inc. executives warned that if the price of beef continued to rise, the chain may have to raise its prices. We took to the streets of Chicago to talk to Chipotle customers about the potential hike.
Solis’ run-off challenger files for a recount in the 25th Ward
By Andersen Xia Aldermanic challenger Byron Sigcho filed a petition for a vote recount in the 25th Ward, wishing to push incumbent Alderman Danny Solis under 50 percent of vote and into a runoff. “We see that it’s like one or two votes that each precinct only has to take to swift the election and to […]