Toyota: Land Cruiser Is Sold Out, US Frozen Out
By Jeff L. Tucker, The Chicago Times January 21, 2022 TOYOTA, JAPAN – Toyota announced that the new Land Cruiser SUV is sold out for the next four years due to production shortages and high demand. “We sincerely apologize for the fact that Land Cruiser has been very well receivedContinue reading “Toyota: Land Cruiser Is Sold Out, US Frozen Out”
American Airlines Loses $931 million In Fourth Quarter
By Sloan T. Wilson, The Chicago Times January 20, 2022 FORT WORTH, TX – American Airlines reported a loss of $931 million in the fourth quarter. American Airlines said first quarter revenue is estimated to be lower by 22% in comparison to the first quarter of 2019. American Airlines reportedContinue reading “American Airlines Loses $931 million In Fourth Quarter”
Microsoft To Buy Activision Blizzard $70 Billion
By John McPhaul, The Chicago Times January 18, 2022 REDMOND, WA — Microsoft announced the purchase of game maker Activision Blizzard for nearly $70 Billion. According to a press release, the all cash purchase will elevate Microsoft, famous for the Xbox gaming system, into one of the largest videogame companiesContinue reading “Microsoft To Buy Activision Blizzard $70 Billion”
Lockheed Martin Exceeds F-35 Delivery Goals
By Al Brown, The Chicago Times January 8, 2022 FORT WORTH, TX – On January 3, Lockheed Martin announced it has exceeded 2021 delivery goals for 2021. The aerospace giant delivered three more F-35s than planned in 2021 to the United States and other international customers. According to Lockheed Martin,Continue reading “Lockheed Martin Exceeds F-35 Delivery Goals”
Chicago: Starbucks Workers Move To Form Union
By John McPhaul, The Chicago Times January 4, 2022 CHICAGO – Workers at a Loop area Starbucks are pushing to unionize, joining a growing trend in North America for the coffee chain. Last week, 14 workers at a Loop area store submitted signed cards to join the Service Employees InternationalContinue reading “Chicago: Starbucks Workers Move To Form Union”
Ford To Double Production Of F-150 Lightning
By The Chicago Times Business Staff January 4, 2022 DETROIT — Ford Motor Company announced today that it will double annual production of its F-150 Lightning electric pickup truck to 150,000 vehicles as orders for the vehicle have reached almost 200,000 ahead of its spring debut. Ford’s production increase isContinue reading “Ford To Double Production Of F-150 Lightning”
Criminals Put On Notice: Illegal Income Must Be Reported To IRS
By Al Brown, The Chicago Times December 30, 2021 WASHINGTON – According to the IRS, individuals who earned income from illegal activities must include it in their 2021 filings. “If you steal property, you must report its fair market value in your income in the year you steal it unlessContinue reading “Criminals Put On Notice: Illegal Income Must Be Reported To IRS”
GasBuddy Predicts $4 Per Gallon by Middle Of 2022
By The Chicago Times Business Staff December 30, 2021 BOSTON – According to fuel price watcher GasBuddy, Americans nationwide will be paying $4 per gallon for gas in the near future. GasBuddy estimates are based on rising demand “post pandemic recovery” and tightening oil supplies. GasBuddy believes prices will peakContinue reading “GasBuddy Predicts $4 Per Gallon by Middle Of 2022”
Pullman Area To Go Hydroponic
By The Chicago Times Business Staff December 30, 2021 CHICAGO – Vertical Harvest, a Wyoming-based agriculture company, announced on Dec 27 it will build a hydroponic farm in Pullman. According to Vertical Harvest, construction will begin in early 2022 on a $40 million, 63,000-square-foot farm adjacent to the Pullman WheelworksContinue reading “Pullman Area To Go Hydroponic”
Delta Air Lines Calls China’s New COVID Sanitation Rules Unreasonable
By John McPhaul, The Chicago Times December 29, 2021 SEATTLE — According to Delta Air Lines, a Delta aircraft from Seattle enroute to Shanghai last week turned around midair due to a change in cleaning requirements at the Shanghai airport. Delta said that if the plane had landed in Shanghai,Continue reading “Delta Air Lines Calls China’s New COVID Sanitation Rules Unreasonable”
ComEd Customers Save $6 Billion Under ComEd Energy Efficiency Program
By The Chicago Times Business Staff December 28, 2021 CHICAGO – On December 20, ComEd announced that customers saved more than $6 billion on energy costs as a consequence of the company’s energy efficiency initiative, which began in 2008. The ComEd Energy Efficiency Program is one of the largest inContinue reading “ComEd Customers Save $6 Billion Under ComEd Energy Efficiency Program”
Inflation Hits A Four-Decade High
By The Chicago Times Business Staff December 26, 2021 NEW YORK — A key measure of US inflation rose 5.7% in the 12 months ended in November. According to the Bureau of Economic Analysis the Price Consumer Expenditure Price Index had the fastest increase in the consumer spending price indexContinue reading “Inflation Hits A Four-Decade High”
UPS TO PURCHASE 19 BOEING 767 FREIGHTERS
By Sloan T. Wilson, The Chicago Times December 23, 2021 CHICAGO — Boeing announced on Tuesday that UPS has ordered 19 Boeing 767 Freighters to serve its customers at a time of robust air cargo demand. “The Boeing 767 is the most versatile aircraft we operate. Our plan to purchaseContinue reading “UPS TO PURCHASE 19 BOEING 767 FREIGHTERS”
Striking Kellogg Workers Reach Agreement
By Al Brown, The Chicago Times December 22, 2021 BATTLE CREEK, MI – Striking workers at Kellogg Co’s breakfast cereal mills in the United States voted in favor of a new contract that offers improved terms for transitional staff and across-the-board salary increases, the company said in a press releaseContinue reading “Striking Kellogg Workers Reach Agreement”
Amazon To Add 450 Corporate And Technology Jobs
By Sloan T. Wilson, The Chicago Times December 22,2021 CHICAGO – As Amazon’s presence in Illinois grows, the retail giant plans to add corporate and technology jobs in downtown Chicago. In a statement Tuesday, Amazon said it will hire 450 people over the next few years to work in itsContinue reading “Amazon To Add 450 Corporate And Technology Jobs”
Illinois: Minimum Wage To Increase On New Year’s Day
By John McPhaul, The Chicago Times December 21, 2021 SPRINGFIELD, IL — Illinois’ minimum wage will be raised to $12 per hour on January 1, 2022. The $1 raise will be applied to every hour worked in the New Year and is part of legislation passed into law by Gov.Continue reading “Illinois: Minimum Wage To Increase On New Year’s Day”
Northrop Grumman Global Hawk Increases Participation In SkyRange Program
by Al Brown, The Chicago Times December 16, 2021 SAN DIEGO — Northrop Grumman Corporation announced on December 13 that it will assist the Department of Defense Test Resource Management Center (TRMC) in starting engineering and planning work to reconfigure four US Air Force EQ-4 Block 20 Global Hawk aircraftContinue reading “Northrop Grumman Global Hawk Increases Participation In SkyRange Program”
Uber Shares Speed Up With Good News
by The Chicago Times Business Staff December 15, 2021 SAN FRANCISCO — Uber’s stock increased 5% Tuesday despite rising fears about the spread of the coronavirus’ omicron strain. CEO Dara Khosrowshahi, stated on Tuesday that the Uber had its “biggest week ever” in terms of overall gross bookings. In UberContinue reading “Uber Shares Speed Up With Good News”
Hobby Lobby Raises Minimum Wage For Full-time Employees
by The Chicago Times Business Staff December 15, 2021 OKLAHOMA CITY – Hobby Lobby has announced that its minimum full-time hourly wage would be raised to $18.50 on January 1, 2022. Hobby Lobby announced the change on Tuesday, saying that it was one of the first stores to raise itsContinue reading “Hobby Lobby Raises Minimum Wage For Full-time Employees”
MUSK DUMPS MORE TESLA STOCK
by The Chicago Times Business Staff December 14, 2021 AUSTIN, TX — Elon Musk, CEO of SpaceX and Tesla, sold off another 935,000 shares of his electric vehicle firm, valued at around $907 million, according to a SEC filings late Monday. Musk also exercised options to purchase 2.13 million sharesContinue reading “MUSK DUMPS MORE TESLA STOCK”
Demand For Lithium Drive Prices To The Moon
by Sloan T. Wilson, The Chicago Times December 14, 2021 NEW YORK — Lithium prices are climbing at the fastest rate in years, sparking a rush to secure supply and raising concerns about long-term shortages of a critical component in rechargeable batteries that power everything from electric vehicles to smartphones.Continue reading “Demand For Lithium Drive Prices To The Moon”
Evergrande Defaults On Debt?
by The Chicago Times Business Staff December 9, 2021 HONG KONG — According to Fitch Ratings, Evergrande, the troubled Chinese property developer, has defaulted on its loans. The corporation and its subsidiaries were downgraded to “limited default” by the credit ratings agency on Thursday, indicating that the company has failedContinue reading “Evergrande Defaults On Debt?”
CEO Vishal Garg Fires 900 via ZOOM
by John McPhaul, The Chicago Times December 7, 2021 NEW YORK – In a callous move on December 1, 900 employees of Better.com, a real estate company, were invited to an expected holiday themed Zoom call, but were shocked when CEO Vishal Garg gave a three-minute speech informing them thatContinue reading “CEO Vishal Garg Fires 900 via ZOOM”
Kellogg Co To Permanently Replace Union Workers
by Sloan T. Wilson, The Chicago Times December 7, 2021 BATTLE CREEK, MI — On Tuesday, Kellogg Co announced that a majority of its cereal plant workers in the United States voted against a new five-year contract, requiring the company to recruit permanent replacements as employees extend a strike thatContinue reading “Kellogg Co To Permanently Replace Union Workers”
Japan’s Manufacturing Sector Soars
by The Chicago Times Business Staff December 1, 2021 TOKYO — Japan’s manufacturing sector showed the fastest rate of growth in nearly four years in November as output and order books improved as critical supply bottlenecks show signs of easing. On a seasonally adjusted basis, the final au Jibun BankContinue reading “Japan’s Manufacturing Sector Soars”
Microsoft: Nadella Dumps More Than $285 Million Shares Of Microsoft
by The Chicago Times Business Staff December 1, 2021 REDMOND, WA — Microsoft Chairman and CEO Satya Nadella has sold more than half of his investment in the software giant. According to a statement with the Securities and Exchange Commission, Nadella sold almost 840,000 shares of Microsoft right before Thanksgiving,Continue reading “Microsoft: Nadella Dumps More Than $285 Million Shares Of Microsoft”
Allstate Northbrook Site Sold To Warehouse Builder
by John McPhaul and T. C. Mayfield, The Chicago Times November 30, 2021 NORTHBROOK, IL — Allstate announced Monday that it is selling its sprawling headquarters in Northbrook for $232 million to Dermody Properties, a warehouse developer based in Reno, Nevada Dermody’s president, Douglas Kiersey Jr., stated that the siteContinue reading “Allstate Northbrook Site Sold To Warehouse Builder”
Tiffany’s To Unveil New World’s Fair Necklace
by The Chicago Times Business Staff November 28, 2021 NEW YORK — Tiffany & Co. unveiled its most expensive piece of jewelry to date. According to Tiffany & Co. “The World’s Fair Necklace,” was unveiled in Dubai on Sunday and consists of up to 180 carats of diamonds set inContinue reading “Tiffany’s To Unveil New World’s Fair Necklace”
Boeing Awarded Contract To Deliver Additional Chinook Helicopters to U.S. Military
by The Chicago Times Business Staff November 28, 2021 CHICAGO — Boeing announced on November 24th that it has been awarded a $246.48 million contract to build six more MH-47G Block II Chinooks for the U.S. Army Special Operations Aviation Command. According to Boeing, the delivery of these aircraft isContinue reading “Boeing Awarded Contract To Deliver Additional Chinook Helicopters to U.S. Military”
FDA To Review Safety Of Merck COVID Pill
by Sloan T. Wilson, The Chicago Times November 28, 2021 WASHINGTON — Federal health officials said a Merck experimental COVID-19 pill is effective against the virus, but they will seek advice from other specialists on the dangers of birth abnormalities and other potential problems in pregnant women. According to FDAContinue reading “FDA To Review Safety Of Merck COVID Pill”
Kellogg Company To Reopen Contract Talks With Striking Workers
by Sloan T. Wilson, The Chicago Times November 22, 2021 BATTLE CREEK, MI — This week, the cereal giant Kellogg Company will reopen contract negotiations with its 1,400 cereal plant workers, who have been on strike since October 5. Negotiations with the Bakery, Confectionery, Tobacco Workers, and Grain Millers InternationalContinue reading “Kellogg Company To Reopen Contract Talks With Striking Workers”
Amazon India Executives Charged In Marijuana Smuggling Ring
by John McPhaul, The Chicago Times November 22, 2021 INDIA – In stunning news, several Amazon India executives have been charged in connection with a marijuana smuggling ring in India. The yet to be named Amazon India executives have been charged under India’s narcotics law, in the Indian central stateContinue reading “Amazon India Executives Charged In Marijuana Smuggling Ring”
Waukegan Casino License Stalled Due To Allegations Of Insider Dealings
by John McPhaul, The Chicago Times November 19, 2019 WAUKEGAN, IL — The Illinois Gaming Board was expected to name the winner of the north suburban gambling license on Thursday, but the board deferred action due to an ongoing lawsuit that claims Waukegan officials “rigged” their selection process to favorContinue reading “Waukegan Casino License Stalled Due To Allegations Of Insider Dealings”
Pfizer CFO To Retire
by Sloan T. Wilson, The Chicago Times November 17, 2021 NEW YORK — Pfizer Inc announced on Wednesday that Chief Financial Officer Frank D’Amelio, 63, would leave the company after nearly 15 years. The pharmaceutical company has begun an external search for D’Amelio’s replacement, who also served as executive viceContinue reading “Pfizer CFO To Retire”
FED’S KASHKARI PREDICTS INFLATION TO GET WORSE
by John McPhaul, The Chicago Times November 14, 2021 MINNEAPOLIS — According to Minneapolis Federal Reserve Chairman Neel Kashkari, inflation is only going to get worse for Americans over the next few months. Current inflation and supply chain issues are the result of a “surge in demand for goods,” asContinue reading “FED’S KASHKARI PREDICTS INFLATION TO GET WORSE”
Striking UAW Members Prepare For Third Vote at Deere & Company
by Sloan T. Wilson, The Chicago Times November 12, 2021 DES MOINES, IA — Deere & Co. and United Auto Workers officials have reached a third preliminary contract agreement, which will be voted on Wednesday by members who have been on strike for four weeks. The UAW said Friday nightContinue reading “Striking UAW Members Prepare For Third Vote at Deere & Company”
U.S. Consumer Prices Jump 6.2% Breaking 30 Year Record
by John McPhaul, The Chicago Times November 10, 2021 WASHINGTON – In a Labor Department report released on Wednesday the Consumer Price Index saw an increased of 6.2% year on year in comparison to the Dow Jones estimate of 5.9%. According to researchers, CPI is now at its highest levelContinue reading “U.S. Consumer Prices Jump 6.2% Breaking 30 Year Record”
Tesla Stock Plummets 12% On Musk Stock Sale Plan
by Sloan T. Wilson, The Chicago Times November 9, 2021 NEW YORK — Tesla stock plummeted 12% on Tuesday after CEO Elon Musk proposed selling 10% of his stake in the electric vehicle company over the weekend. The decline is on track to be the largest of the year followingContinue reading “Tesla Stock Plummets 12% On Musk Stock Sale Plan”
Chicago’s Financial Outlook Upgraded to Stable By S&P
by John McPhaul, The Chicago Times November 8, 2021 CHICAGO — Standard & Poor’s Global Ratings has upgraded the City of Chicago’s outlook to “stable” from “negative” and assigned the city a BBB+ long-term rating. This comes on the heels of Fitch upgrading the City’s outlook to stable last week,Continue reading “Chicago’s Financial Outlook Upgraded to Stable By S&P”
Nintendo’s Profit Fall After Pandemic Gaming High
by Sloan T. Wilson, The Chicago Times November 4, 2021 KYOTO — Nintendo’s profit fell 19 percent in the first half of its fiscal year compared to the previous year, when it received a large boost from individuals confined at home due to the coronavirus pandemic. Nintendo posted a profitContinue reading “Nintendo’s Profit Fall After Pandemic Gaming High”
Milwaukee Tool To Open Engineering Headquarters In Chicago
by John McPhaul, The Chicago Times CHICAGO — Milwaukee Tool, owned by Techtronic Industries Co. Ltd. of Hong Kong, intends to open a 70,000-square-foot office in downtown Chicago in 2022, which will be occupied by members of its engineering team. Milwaukee Tool has a temporary lease for 15,000 square feetContinue reading “Milwaukee Tool To Open Engineering Headquarters In Chicago”
SNAP Share Price Plummets 25% With No Mercy
by Sloan T. Wilson, The Chicago Times October 21, 2021 NEW YORK — Snap Inc. shares fell more than 25% in extended trading Thursday after the social media company reported mediocre revenue and blamed Apple Inc. and supply-chain constraints. The creator of the photo messaging app Snapchat said Apple imposedContinue reading “SNAP Share Price Plummets 25% With No Mercy”
U. S. MARKETS RECOVER FOR DAY DESPITE WEAK CHINA DATA
by The Chicago Times Business Staff October 18, 2021 NEW YORK — Despite a report revealing slower-than-expected growth in China, which was blamed for early weakness, U.S. stocks finished mostly higher Monday, with buying in consumer discretionary and information technology helping to support the broader market. The Dow Jones IndustrialContinue reading “U. S. MARKETS RECOVER FOR DAY DESPITE WEAK CHINA DATA”
Willis Tower and The Fifty/50 Group Team-up
by Sloan T. Wilson, The Chicago Times October 17, 2021 CHICAGO — The Fifty/50 Group announced Monday that a new two-level restaurant will open in Chicago’s Willis Tower, former Sears Tower, during the second quarter of 2022. Kindling, a char-house-style culinary experience, is being developed by EQ Office, a Chicago-basedContinue reading “Willis Tower and The Fifty/50 Group Team-up”
Dow Breaks 35,000 as Earnings Season Continues
by The Chicago Times Business Staff October 16, 2021 NEW YORK — U.S. markets closed higher Friday with major indexes ending higher for the second week in a row. The third-quarter earnings season continued on Friday, with Goldman Sachs beating expectations on both the top and bottom lines. The positiveContinue reading “Dow Breaks 35,000 as Earnings Season Continues”
Deere & Co. Workers Declare Strike
by Sloan T. Wilson, The Chicago Times October 14, 2021 MOLINE, IL — More than 10,000 Deere & Co. employees went on strike Thursday after the company allegedly “failed to present an agreement that met” union members’ expectations and needs. The United Auto Workers union warned its members, who wantContinue reading “Deere & Co. Workers Declare Strike”
Dow Skyrockets 530 Points As Earnings Season Begins
by The Chicago Times Business Staff October 14, 2021 NEW YORK — Investors considered optimistic earnings from key banks, as well as economic data showing a reduction in first-time jobless claims to a historic low and a smaller-than-expected rise in producer prices, as U.S. equities closed considerably higher on Thursday.Continue reading “Dow Skyrockets 530 Points As Earnings Season Begins”
Market Update: Dow Flat, S&P 500 And Nasdaq In The Green
by The Chicago Times Business Staff October 13, 2021 NEW YORK – The U.S. markets finished mixed Wednesday as traders digested the recent minutes from the Federal Reserve’s recent policy meeting that indicated the central bank will begin tapering its $120 billion monthly bond purchases before the end of theContinue reading “Market Update: Dow Flat, S&P 500 And Nasdaq In The Green”
Illinois Receives 2 Bids In Sale Of Dilapidated Thompson Center
by Sloan T. Wilson, The Chicago Times October 12, 2021 CHICAGO — According to state authorities, two offers have been received for the 1.2 million square-foot Thompson Center at 100 W. Randolph St. The specifics of the ideas will not be published until a winning plan is chosen. J. B.Continue reading “Illinois Receives 2 Bids In Sale Of Dilapidated Thompson Center”
Markets Continue Sell Off For Third Day In A Row
by The Chicago Times Business Staff October 12, 2021 NEW YORK — Stocks in the United States finished down Tuesday, after fluctuating between minor gains and losses earlier in the trading day. The Dow Jones Industrial Average closed at 34,378.34, down 117.72 points. The S&P 500 fell 10.54 points toContinue reading “Markets Continue Sell Off For Third Day In A Row”
Samsung To Mass Produce Most Advanced 14 Nanometer DRAM
by The Chicago Times Business Staff October 11, 2021 Seoul – Tech giant Samsung Electronics Co., Ltd., the global leader in advanced memory technology announced today that it has commenced mass production of the industry’s lowest 14-nanometer (nm) DRAM based on extreme ultraviolet (EUV) technology. Samsung intends to broaden itsContinue reading “Samsung To Mass Produce Most Advanced 14 Nanometer DRAM”
PRICES AT THE PUMP EXPECTED TO INCREASE
by John McPhaul, The Chicago Times October 11, 2021 CHICAGO – While certain parties worry about what information is post on “social media”, gas prices continue to rise throughout the country as oil prices hit a seven-year high. Many states are now surpassing $3.20 per gallon. According to data fromContinue reading “PRICES AT THE PUMP EXPECTED TO INCREASE”
Dow Collapses 250 Points As Investors Await Earnings Season To Begin
by The Chicago Times Business Staff October 11, 2021 NEW YORK — As investors remained focused on the release of new inflation data and third quarter profits this week, all three major U.S. stock indexes closed down Monday, marking their biggest one-day point declines in a week. The Treasury marketContinue reading “Dow Collapses 250 Points As Investors Await Earnings Season To Begin”
Hasbro, Inc. CEO Goldner To Take Leave of Absence
by The Chicago Times Business Staff October 10, 2021 PAWTUCKET, RI — Hasbro, Inc. announced today that CEO Brian D. Goldner is taking a medical leave of absence that will take effect immediately. “After careful consideration, I have decided to take a medical leave to focus on my health. IContinue reading “Hasbro, Inc. CEO Goldner To Take Leave of Absence”
Clear Height Properties & Buligo Capital Sells 814 Commerce Dr. Property in Oak Brook
by The Chicago Times Business Staff October 8, 2021 OAK BROOK, IL — Clear Height Properties and joint venture partner Buligo Capital Partners have sold an Oak Brook office property, demonstrating the opportunity that some investors see in recently renovated suburban office assets with some vacancy. Helios Properties, based inContinue reading “Clear Height Properties & Buligo Capital Sells 814 Commerce Dr. Property in Oak Brook”
U.S. Stocks Limp On Weak Jobs Report
by The Chicago Times Business Staff October 8, 2021 NEW YORK – Stocks shook in choppy trade Friday, as investors struggled to find a clear theme for markets after labor data revealed that the US economy created far fewer jobs than expected in September. The Dow Jones Industrial Average fellContinue reading “U.S. Stocks Limp On Weak Jobs Report”
Another Up Day For The Market As Washington Moves Toward Debt Deal
by The Chicago Times Business Staff October 7, 2021 NEW YORK — The S&P 500 finished higher for the second day in a row on Wednesday, as technology stocks soared and investors digested bullish jobs data and rising 10-year Treasury yields, not to mention progress on the debt ceiling battleContinue reading “Another Up Day For The Market As Washington Moves Toward Debt Deal”
Natural Gas Futures Close At Highest Price Since 2008
by John McPhaul, The Chicago Times October 5, 2021 CHICAGO – Natural gas futures skyrocketed Tuesday to their highest price since 2008 as restricted supplies around the world threaten consumers looking to heat their homes this winter. According to Dow Jones Market Data, November natural gas gained 55 cents toContinue reading “Natural Gas Futures Close At Highest Price Since 2008”
Major Indexes Recover After Monday Blood Bath
by The Chicago Times Business Staff October 5, 2021 NEW YORK — U.S. stock markets recovered slightly Tuesday after a slaughtering on Monday of the technology sector and negative news about Facebook. Investors saw hope in the service industry today after encouraging estimates on activity within the United States andContinue reading “Major Indexes Recover After Monday Blood Bath”
Stocks Tumble As Investors Fear Concerns Of High Inflation
by The Chicago Times Business Staff October 4, 2021 NEW YORK – Blood bath on Wall Street today with the Dow Jones Industrial Average and Nasdaq both finishing lower today as concerns about higher-than-expected inflation grow in response to rising oil and natural gas prices. The Dow Jones Industrial AverageContinue reading “Stocks Tumble As Investors Fear Concerns Of High Inflation”
Corning, AT&T Expand Partnership To Meet Broadband Demand
by John McPhaul, The Chicago Times October 3, 2021 CORNING, NY — Corning Incorporated (GLW) announced September 28 that it is expanding its long-standing collaboration with AT&T (T). The collaboration will increase fiber infrastructure, expand broadband networks in the United States, and speed 5G implementation. Corning is investing $150 millionContinue reading “Corning, AT&T Expand Partnership To Meet Broadband Demand”
Honeywell International To Boost Dividend
by The Chicago Times Business Staff October 3, 2021 CHARLOTTE, NC — Honeywell International announced that it will raise its dividend. Honeywell (HON) proposes to increase its annual dividend by nearly 5% to $3.92 per share from $3.72. The quarterly dividend will rise from 93 cents to 98 cents perContinue reading “Honeywell International To Boost Dividend”
Merck Lifts DOW For Good October Start
by Sloan T. Wilson, The Chicago Times NEW YORK — U.S. stock indexes closed higher Friday investors heard about an experimental COVID-19 pill from Merck & Co. (MRK) that has shown in trials to help prevent high-risk people from becoming seriously ill and dying from COVID-19. The Dow Jones IndustrialContinue reading “Merck Lifts DOW For Good October Start”
Stock Market Sees Worst Month Since Oct 2020
by John McPhaul, The Chicago Times September 30, 2021 NEW YORK — Despite last-minute moves by Congress to avert a partial government shutdown, U.S. stocks closed lower Thursday, as Wall Street wrapped up the final trading day of a difficult September and third quarter. The Dow fell 4.3 percent forContinue reading “Stock Market Sees Worst Month Since Oct 2020”
Lucid Starts Production in Arizona: Customer Deliveries expected in October
by The Chicago Times Business Staff September 29, 2021 NEWARK, CA — The Lucid Group has begun its Production Preview Week, a series of events in which Lucid opened the doors of its Advanced Manufacturing Plant and Lucid Powertrain Manufacturing factories in Casa Grande, Arizona, to members of the mediaContinue reading “Lucid Starts Production in Arizona: Customer Deliveries expected in October”
Cintas Profits Exceed Estimates
by The Chicago Times Business Staff September 29, 2021 CINCINNATI — Cintas Corp. (CTAS) reported $331.2 million in earnings for the fiscal first quarter on Wednesday along with reporting a profit of $3.11 per share. The results outperformed Wall Street’s expectations. Earnings per share were expected to be $2.76 perContinue reading “Cintas Profits Exceed Estimates”
FDA Approves Abbott’s Epic Plus Tissue Valves Use In Mitral or Aortic Valve Replacement
by Sloan T. Wilson, The Chicago Times September 28, 2021 GREEN OAKS, IL — The Epic Plus and Epic Plus Supra Stented Tissue Valves from Abbott have been approved by the US Food and Drug Administration (FDA) to improve therapy options for people with aortic or mitral valve disease. TheseContinue reading “FDA Approves Abbott’s Epic Plus Tissue Valves Use In Mitral or Aortic Valve Replacement”
IBM To Build Telefónica’s First-Ever Cloud-Native 5G Core Network Platform
by The Chicago Times Business Staff September 25, 2021 ARMONK, NY — IBM announced Sep 23 a multi-year strategic agreement with Telefónica to use IBM intelligent automation software and services to implement UNICA Next, Telefónica’s first cloud-native 5G core network platform. As Telefónica and other Communications Service Providers (CSPs) aroundContinue reading “IBM To Build Telefónica’s First-Ever Cloud-Native 5G Core Network Platform”
KKR Completes Joint Investment In 400 Summer Street Joint Venture
by Sloan T. Wilson, The Chicago Times September 25, 2021 NEW YORK – KKR announced today that it has completed a significant investment in a joint venture with WS Development and the Public Sector Pension Investment Board in 400 Summer Street, a new state-of-the-art life science tower currently under constructionContinue reading “KKR Completes Joint Investment In 400 Summer Street Joint Venture”
Boeing Retains ICBM Guidance Systems Support Contract Through 2039
by Sloan T. Wilson, The Chicago Times September 20, 2021 CHICAGO — Under a recently awarded 18-year, $1.6 billion sole-source contract, Boeing will continue to maintain the guidance system for the Minuteman III intercontinental ballistic missile (ICBM) for the United States Air Force. Boeing, which has held the contract exclusivelyContinue reading “Boeing Retains ICBM Guidance Systems Support Contract Through 2039”
Ford Begins Pre-Production of All-Electric F-150: 100,000 Plus On Order
by John McPhaul, The Chicago Times September 19, 2021 DEARBORN, MI — Ford announced Thursday that it will increase investment and add jobs to boost production as the first pre-production F-150 Lightning trucks roll out of Ford’s new Rouge Electric Vehicle Center as demand for the all-electric truck soars. FordContinue reading “Ford Begins Pre-Production of All-Electric F-150: 100,000 Plus On Order”
HOME DEPOT TO REQUIRE MASKS FOR CUSTOMERS AND EMPLOYEES, CONTRACTORS AND EMPLOYEES
by The Chicago Times Staff August 4, 2021 CHICAGO — Due to the delta variant, Home Depot stores are once again requiring all customers, contractors, and employees to wear coronavirus masks indoors. The new rules also apply to Home Depot’s distribution centers, offices, and work being done in customers’ homesContinue reading “HOME DEPOT TO REQUIRE MASKS FOR CUSTOMERS AND EMPLOYEES, CONTRACTORS AND EMPLOYEES”
INVESTORS DEMAND WIENERS: PORTILLO’S TO GO PUBLIC
by T. C. Mayfield, The Chicago Times July 19, 2021 OAK BROOK, IL — Portillo’s, The Wiener King of Chicago, will soon be issuing shares on the open market. The Oak Brook-based restaurant chain, which is owned by private equity firm Berkshire Partners LLC, announced Monday that it has filedContinue reading “INVESTORS DEMAND WIENERS: PORTILLO’S TO GO PUBLIC”
NABISCO FLEES NEW JERSEY AFTER 63 YEARS
By The Chicago Times Staff July 18, 2021 FAIR LAWN, NJ — Residents of a New Jersey town were able to smell the sweet aroma of freshly baked Oreo cookies for the last time on Friday, as the community’s Nabisco plant closed after 63 years of operation. It was theContinue reading “NABISCO FLEES NEW JERSEY AFTER 63 YEARS”
BIDEN: INFLATION BURST COULD LAST QUARTERS
by The Chicago Times Staff July 14, 2021 WASHINGTON — Officials at the White House believe that a recent spike in inflation may last for a while, but that it will eventually subside as widespread bottlenecks that have severely disrupted the supply chain begin to dissipate. Prices for goods andContinue reading “BIDEN: INFLATION BURST COULD LAST QUARTERS”
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