Shake Shack set to shake up Wall Street
Expanding … but not too quickly. The company currently operates just 63 restaurants worldwidebut 16 of them are in the metropolitan New York City area. And Shake Shack has already…
Tag: chicago
The Bible proves to be a big seller for Newsweek
He said the number of copies sold compared with the number of copies distributed on the news stand has been an “astounding” 40% thus far. That’s “more than double the…
Visa loves the fees and announces a stock split
Overall, the company solidly beat Wall Street expectations for revenues and earnings per share. Experts often use Visa, MasterCard (MA) and American Express (AXP) financial reports as a rough gauge…
Amazon stock soars after earnings beat
Amazon is no stranger to red ink. It routinely posts quarterly losses or declining profits despite generating billions of dollars in sales. The company’s strategy is to make long-term investments…
Google’s ad revenue continues to struggle
Related: Google Fiber expands to four more cities – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
‘Shark Week’ becomes ‘Summer of the Shark’
(The young Lesniak actually helped to get a law passed last year that banned the possession and sale of shark fins in Massachusetts.) – Chicago Mercantile Association: Certain market data…
Feds take down revenge porn king
He also solicited nude photos from women on Craigslist under false pretenses. – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors….
The cost of doing business in China: Spying
By giving up source code to the Chinese government, companies like Apple (AAPL, Tech30) and Microsoft give up their highly guarded blueprints, revealing weaknesses that could give hackers a road…
Beware promises of ‘outlandish’ and inflated tax refunds, IRS warns
Related: IRS warns of shady tax preparers stealing refunds and identities – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All…
Only 1% black CEOs at 500 biggest companies
Corporate America’s diversity problems are well-documented. Silicon Valley has been roundly criticized for being mainly white and male, and data show Wall Street hires mostly white and male bankers. Corporate…
Oil crash: ‘Drill, baby, drill’ loses momentum
“Whenever prices crashand this is a once-in-a-generation crashyou’ll see the rig counts drop,” said Tom Kloza, chief oil analyst at the Oil Price Information Service. To be clear, U.S. oil…
Tim Cook’s Apple is hot. But can it keep going?
Too much iPhone reliance. Apple is hugely reliant on the iPhonethe iPhone accounts for 69% of Apple’s revenue. That’s a potential problem, because smartphone sales are slowing in most of…
Ernie Banks Statue Moved To Downtown Chicago For Fans To Pay Tribute
CHICAGO (AP) — Ernie Banks fans got their first chance to pay their respects to the most famous and beloved Chicago Cub who ever played after the statue of the…
Rahm Emanuel’s Biggest Threat: ‘I Like The Idea Of A Fight’
On Feb. 24, Chicago Mayor Rahm Emanuel is up for re-election. Emanuel has out-fundraised his closest challenger almost 30-to-1 and has benefited from an improved approval rating thanks to a…
Greek banks plunge as new government challenges bailout
Greece’s previous government had been overhauling the economy to satisfy conditions of the bailouts. Austerity and reforms were supposed to return the Greek economy to growth and ensure it could…
LA police chief claims Google’s traffic app endangers cops
CNNMoney asked the LAPD chief why the location of uniformed officers and marked police vehicles should remain secret, but he hasn’t yet responded. At the heart of the issue, though,…
22 Food Reasons Seattle Is Winning At Life
Are you a Seahawks fan? Send this to your friends who are rooting for the Patriots, and then read about how New England food could give Seattle food a run…
Wall Street bears warn: We’re on verge of crisis
Related: One dollar could soon equal one euro Consider that Microsoft (MSFT, Tech30) reported solid earnings Tuesday, but its shares dropped as much as 10% because it’s forecasting weaker sales…
7 things you’re doing on vacation that scream tourist
Showing too much bling. Most Europeans wear simple gold or silver wedding bands, according to Scott. “A lot of expensive jewelry or a diamond wedding ring is going to peg…
Apple has mind-boggling $178 billion in cash to spend
Those are just a few ways Cook could get rid of that cash. He could also buy either Visa (V) or MasterCard (MA) (not even Apple could afford both) to…
Want a big screen TV for the Super Bowl? Buy now!
If you live in Seattle or New England, deals could be even more heavily discounted, Arnold said. That’s because interest will be even higher in regions that have teams playing…
What did the Northeast snowstorm cost?
Canceled flights alone cost the economy an estimated $230 million, according to the U.S. Travel Association. Other costs won’t be tallied for several months. Many homeowners, for example, don’t notice…
Russia raids infrastructure fund to save banks
The 60-point plan also includes billions in new support for Russian pensioners to help them cope with soaring inflation. The scale of the revival plan could balloon — many of…
Karl Rove: I don’t hate poor people. I ‘came from nothing.’
“It bothers me that statistically the greatest predictor of a child’s financial security in the United States is the financial circumstances of their parents,” said Carville, a former CNN contributor….
Samsung needs to reinvent itself (again)
In response, Samsung is working to pare down its crowded smartphone lineup. It’s also making a major move into India to capture more of the low-cost phone market. Related: Apple…
74.5 million iPhones is …
… 34,000 iPhones sold every hour, every day, every week of the past three months. That’s nine iPhones every second. … more than the total number of televisions and tablets…
Ford recalls Interceptor police cars
Related: Ford recalls cars to fix ‘improper’ recall – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
Shake Shack IPO heats up
Shake Shack was the brainchild of New York restaurant legend Danny Meyer. The company is owned by Union Square Hospitality Group and earned $5.4 million last year. Related: These 10…
Bad dog! GoDaddy pulls puppy ad from Super Bowl
Irving tweeted his thanks to @animalrescuers, an SPCA group, for their “candid feedback.” A petition on Change.org garnered 40,000 signatures to kill the commercial. – Chicago Mercantile Association: Certain market…
Qatar buys London’s banking district
Qatar already owns several London landmarks, including the Shard, which is western Europe’s tallest building. It also owns luxury department store Harrods, and the Olympic Village. – Chicago Mercantile Association:…