Dairy Farmers Struggle With Economic, Health Challenges
By Brian Baker Medill Reports Andrews University opened its dairy farm in 1907. For more than a century, the private college in southwest Michigan used the farm for educational purposes and relied on it for financial income. But after three consecutive years of losses, the university’s board voted in early June to close its dairy […]
Chicago Community Catalyst Fund Still Waiting to Make First Investments
By Brian Baker Medill Reports More than a year after it was first announced, the Chicago Community Catalyst Fund has not yet hired investment managers who will be charged with finding investment opportunities–mainly loans to existing small businesses–in underserved Chicago neighborhoods. Even then the rollout will be slow. The fund will deploy its first capital […]
Former Marine Uses Lessons He Learned in the Military to Thrive in the Business World
By Xinyi (Ethel) Jiang Medill Reports Before starting 3rd Coast Imaging, Inc., veteran George Chrisopulos was an electronics communications technician in the Marine Corps. His time in the military prepared him for life after the Marines. “When I was a marine, everything was on paper, and we had to have three copies. And every single […]
B-Sides Coffee and Tea spins tunes and brews coffee for the South Side
By Xinyi (Ethel) Jiang Medill Reports Kevin and Karen O’Malley, Beverly residents and music lovers, are thrilled to be part of the community on a small business level. The couple opened B-Sides Coffee + Tea on the South Side of Chicago. The shop, located near the 99th Street Metra depot, is a throwback, decorating its […]
Job outlook at a 10-year high for college seniors
By Grace Austin A stronger economy means a better job outlook for graduating college seniors and grad students in Chicago, experts say. According to a 2017 CareerBuilder survey, employers hiring recent college graduates this year say those with business, engineering, and computer and information sciences degrees are seeing the highest demand.
Energy experts: future of clean power lies in changing incentives
By Hannah Levitt The future of clean power depends on state and local governments implementing policies that expand the market for renewable energy development, according to energy policy experts at a seminar hosted by the Energy Policy Institute at the University of Chicago Thursday. Energy policy and economics expert Susan Tierney and New York State […]
Exec hired as “key leader” leaves United
By Shen Lu United Continental Holdings Inc.’s chief commercial officer, Julia Haywood, has stepped down after less than six months on the job, the airline confirmed Friday. Haywood’s responsibilities included sales, network planning, pricing and revenue management. Haywood, a former Boston Consulting Group partner, was hired on August 18, along with Andrew Levy, chief financial […]
United fourth-quarter earnings beat expectations
By Shen Lu United Continental Holdings Inc. on Tuesday reported a better-than-expected 1.6 percent decline in its fourth-quarter passenger unit revenue, a key metric to determine the efficiency of an airline, as its net income slipped 52 percent.
Consumers brace for higher gas prices in 2017
By Hannah Levitt Irving Park resident Barbara Cameron uses her car as her primary way of getting around Chicago. The freelance producer fueled her vehicle at a Shell station on the corner of LaSalle St. and North Ave. this week, where regular unleaded gas was $2.989 per gallon. “It affects everything, we just don’t have […]
FedEx’s holiday-quarter operating profits top forecasts
By Sony Kassam FedEx Corp. turned in stronger-than-expected third quarter results, which the package-delivery giant said reflected higher-than-expected demand during the holiday season when shipments peak. In the quarter ended Feb. 29, the Memphis, Tennessee-based package-delivery giant said net income tumbled 19 percent to $507 million, or $1.84 per diluted share, from $628 million, or $2.18 […]
