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Top News & Analysis Chicago

  • SEATTLE/ NORTH CHARLESTON, S.C., Feb 15- Boeing Co handily defeated a union drive by workers at the company's aircraft factory in South Carolina on Wednesday, as almost three-quarters of workers at the plant who voted rejected union representation. The NLRB said 74 percent of the 2,828 workers who cast ballots voted against joining the International...

  • NORTH CHARLESTON, S.C., Feb 15- Boeing Co handily defeated a union drive by workers at the company's aircraft factory in South Carolina on Wednesday, as almost three-quarters of workers at the plant who voted rejected union representation. President Donald Trump is due to visit Boeing in South Carolina on Friday, as the company rolls out the first completed...

  • CHICAGO _ Equity Commonwealth on Wednesday reported a key measure of profitability in its fourth quarter. The Chicago- based real estate investment trust said it had funds from operations of $29.6 million, or 23 cents per share, in the period. The company said it had net income of $10.3 million, or 8 cents per share.

  • Feb 15- The Broad Institute, a biological and genomic research center affiliated with MIT and Harvard, will keep valuable patents on a revolutionary gene-editing technology known as CRISPR, a U.S. patent agency ruled on Wednesday. Patent and Trademark Office's Patent Trial and Appeal Board in Alexandria, Virginia, rejected a claim by a rival team, associated...

  • Feb 15- Wal-Mart Stores Inc has acquired online outdoor clothing and gear retailer Moosejaw for $51 million in an all-cash deal, the company said on Wednesday, as it works to boost its competitive standing in U.S. e-commerce. In August 2016, the world's largest retailer paid more than $3 billion to acquire online startup Jet.com and in late December, Jet.com...

  • A letter to the Ivies was penned by Brown University senior Viet Nguyen. Nguyen leads the undergraduate student government at Brown and asked student government leaders at the other seven universities to sign on. Nguyen said his letter was signed by student government leaders at Columbia College, Cornell University, Dartmouth College, Harvard College,...

  • Feb 15- U.S. agricultural trader Bunge Ltd on Wednesday reported a better-than-expected quarterly profit and forecast strong earnings growth in 2017 on expected massive corn and soybean harvests in South America, sending shares nearly 8 percent higher. The company expects its agribusiness unit, the largest in terms of revenue and volumes, to start the year...

  • WESTPORT, Mass.— H.C. "Cal" Thornton, a longtime executive with United Press International and later the Los Angeles Times-Washington Post News Service, has died. The Lynchburg, Virginia, native began work as a reporter in the 1950 s for United Press after studying philosophy at the University of Chicago. He later moved to the business side of the industry as a sales...

  • CHICAGO— Groupon shares jumped more than 20 percent on strong revenue after the company reported earnings for the first time since announcing its acquisition of Living Social in October. Groupon expects gross profit for 2017 to be between $1.30 billion and $1.35 billion— an increase of $40 to $90 million from 2016— as it implements its exit from 11 countries...

  • The company expects its biggest business- the unit that buys, stores, processes and sells agricultural commodities- to start the year slow and progressively improve as volumes and margins pick up in South America. After disappointing crops in South America last year, the region is on track to produce record harvests this season, which aligns well with our...

  • Feb 15- U.S. agricultural trader Bunge Ltd reported a better-than-expected quarterly profit, helped by higher sugar and ethanol prices and improved margins in Brazil. Brazil is expected to harvest at least 104 million tonnes of soybeans this year and nearly 90 million tonnes of corn, according to government and industry analysts. White Plains, New York- based...

  • Feb 15- U.S. agricultural trader Bunge Ltd reported a 39.4 percent jump in quarterly profit, helped by higher sugar and ethanol prices and a stabilizing Brazil economy. The White Plains, New York- based company said net income available to shareholders rose to $262 million, or $1.82 per share, in the fourth quarter ended Dec. 31, from $188 million, or $1.30 per share, a...

  • ROCK TAVERN, N.Y.— Every Oscar fist-pumped or tearfully cradled by Academy Award winners is first cast, buffed and fussed over at a foundry far from Hollywood. Workers at the Polich Tallix fine art foundry, about 50 miles north of New York City, began work in late September on the awards to be handed out Feb. 26. The path of these new statues from a small town in upstate New...

  • INDIANAPOLIS— President Donald Trump's pick to oversee Medicare and Medicaid advised Vice President Mike Pence on health care issues while he was Indiana's governor, a post she maintained amid a web of business arrangements— including one that ethics experts say conflicted with her public duties. The company holds a financial stake in the health care...

  • CHICAGO— Competitors of Chicago- based Exelon Corp. filed a federal lawsuit Tuesday opposing legislation that provides billions of dollars in subsidies to the power giant. The legislation approved in December provides as much as $235 million per year to Exelon to keep unprofitable nuclear plants running in Clinton and the Quad Cities.

  • CHICAGO _ Potbelly Corp. on Tuesday reported fourth-quarter profit of $2 million. On a per-share basis, the Chicago- based company said it had net income of 8 cents. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

  • CHICAGO, Feb 14- The Chicago Public Schools sued Illinois on Tuesday, claiming the state's school funding system discriminates against its largely black and Hispanic student body. The lawsuit asks the Cook County Circuit Court to declare the funding system illegal under Illinois' Civil Rights Act. "Chicago students, who are overwhelmingly students of color,...

  • CHICAGO— States are moving forward with new initiatives to help workers save for retirement, even as the Republican-led Congress tries to block rules making it easier for them to do so. "It's clear there's a retirement crisis," Illinois Treasurer Michael W. Frerichs told the small business owners. " Seven states— California, Connecticut, New Jersey, Maryland, Oregon...

  • NEW YORK, Feb 14- Barry James built up his $4 billion mutual fund largely by studying balance sheets, earnings and market share. Trump's unpredictable governing style and stated desire to renegotiate trade agreements and punish companies that seek out lower-cost forms of labor are upending the classic notion of fundamental investing, said James, who manages...

  • Feb 14- A controversial North Dakota bill that sought to shield motorists from liability if they unintentionally hit a protester on a roadway, injuring or killing them failed to garner enough support from lawmakers. A transportation committee had previously voted against the bill in part because of a "negative perception," that passing it could create,...