Gas prices finally stop falling
Other factors in the price slide are increased oil production in the United States, which last year passed Saudi Arabia as the world’s largest oil producer; decreased demand from slowing…
Tag: chicago
Why neon is taking over the world
Sports uniform makers have gotten the message. Nike (NKE) redesigned the Super-Bowl-bound Seattle Seahawks’ uniforms in 2012 to include neon green highlights and trim. Nike also designed the highlighter-like Australian…
Zuckerberg has his Tim Cook moment
“If we were only focused on making money, we might put all of our energy in the U.S.,” he said. “But that’s not all we care about here.” Zuckerberg said…
African-American viewership propelling prime time TV hits like ‘Empire’
And a new comedy on ABC, “Black-ish,” is fourth on the list, with 24%. “Empire,” “Murder” and “Black-ish” are widely regarded as 3 of the biggest successes of the 2014-2015…
McDonald’s CEO retires as sales suffer
His promotion to CEO in 2012 made Thompson one of three black CEOs among the Dow 30 companies at the time. – Chicago Mercantile Association: Certain market data is the…
Coming soon: An American ‘Black Mirror?’
“Black Mirror” has been a cult favorite in Britain ever since it debuted in December 2011. Only seven episodes have been producedtwo sets of three episodes each, and one Christmas…
Billionaire Carl Icahn: Apple investment is a ‘no-brainer’
Some criticized Icahn for pushing for the buyback, which some argue can seem like a short-sighted strategy. But Icahn said Wednesday that a buyback and investing in research and development…
China issues scathing report on Alibaba
Alibaba (BABA, Tech30) took issue with the government review, saying the process was marred by misconduct and has “inflicted irreparable and serious damage to Taobao and Chinese online businesses.” The…
Skymall savior: A Shark Tank contestant
Jordan’s company, ScotteVest, was a long-time advertiser in the SkyMall catalogue. He says this gives him a unique perspective on how the company works. Jordan has also written a book,…
Days before kickoff, NBC sells out of Super Bowl ad space
On a conference call with reporters, Winter said the late afternoon pre-show and the post-show are sold out too. (Spots at those hours don’t sell for $4.5 million apiece, but…
Why U.S. oil production is booming under Obama’s watch
“This nation’s energy renaissance has been totally dependent on private investment on private land,” said Andy Radford. a senior policy advisor with the American Petroleum Institute. Critics of the Obama…
Millions to owe Obamacare tax penalty
Some three-quarters of the nation’s 150 million taxpayers have health insurance through their jobs or government programs and will simply have to check a box on the Form 1040. Another…
Diamonds are getting cheaper. Time to buy?
However, retail prices could drop if stores have to start discounting because of an unrelated trend: increasing demand for colored stones over diamonds. “As [retailers] try and become more competitive…
Senator Rand Paul goes after Fed…again
So far, Paul’s bill has 30 co-sponsors while Massie’s has 103. The Fed is already subject to regular audits by the GAO, but proponents of “Audit the Fed” bill want…
China crackdown makes it harder to get around the Great Firewall
Related: The Great Firewall of China is nearly complete Winger Chen, who owns a food and beverage consulting company in China, has always “felt some frustration with [spotty connectivity],” but…
Bill Gates: ‘I feel pretty stupid that I don’t know any foreign languages’
Related: Bill Gates’ next target is mobile banking – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
Fed stays ‘patient’ but rate hikes are coming
The yield on the 10-Year Treasury bond dipped as well, a sign that many investors around the globe are still attracted to the safety of American debt. (Yields fall when…
Andrew Sullivan bids farewell to blogging
Former CNN host Piers Morgan, a longtime Sullivan adversary, asserted that the announcement could only mean that the blogger’s digital venture has “been a disaster.” The Daily Dish’s self-reported revenue…
Stop hiding money offshore, IRS warns tax cheats
In addition, a new set of reporting rules are being phased in under the Foreign Account Tax Compliance Act that will require many foreign financial institutions to report accounts held…
China vows to end gold medal obsession
To improve in international competition, the state constructed a centralized athletics program similar to those of the Soviet Union and East Germany. Critics complained about the cost, but the system…
Greek debt crisis: Who has most to lose?
Most Greek debt is held by other eurozone countries. Around 53 billion euros was loaned through bilateral agreements, according to researchers at Open Europe. The Greek government would have to…
Alibaba is a better bet than Yahoo
Alibaba will report its fiscal third quarter earnings on Thursday morning. This is the second earnings report for Alibaba since its initial public offering in September. The stock rose more…
NHL All Star Game Fast Facts
All-Stars – By Highest Fan Votes:Forwards:Zemgus Girgensons (Buffalo Sabres) – 1,574,896 votesPatrick Kane (Chicago Blackhawks) – 1,232,201 votesJonathan Toews (Chicago Blackhawks) – 1,217,210 votes Defensemen:Duncan Keith (Chicago Blackhawks) – 1,198,173…
Moment Of Truth For ‘El Chapo’ Snitches Pedro Flores, Margarito Flores
Twin Chicago brothers reviled by Mexican cartels but praised by prosecutors as among the most valuable traffickers-turned-informants in recent history are set to be sentenced in a federal courthouse in…
Bond king: Oil won’t go back to $90 this year
Gundlach’s firm left its peers in the dust last year. DoubleLine’s flagship Total Return Bond fund (DBLTX) and its Core Fixed Income fund (DBLFX) both finished in the top 10%…
Facebook blocks pages insulting Mohammed in Turkey
By comparison, Facebook blocked 4,960 “pieces of content” in India, 29 in Russia, nine in the United Kingdom and none in the United States. Until an epic fight between Google…
Warning sign: Dow dives 380 points
The key benchmark for the tech sector will be Apple (AAPL, Tech30)’s earnings after the bell today. Wall Street expects a huge earnings beat. Anything less than that could be…
CNN and other media brands come to Snapchat
“We’re always seeking out new audiences and advertisers, and it’s more important than ever to tailor content to suit the platform,” Andrew Morse, senior vice president and general manager of…
Lousy Caterpillar earnings drag down market
The future isn’t looking bright: Oil isn’t the only problem for Caterpillar. The company is expecting a particularly big hit in its mining equipment sales business as prices of metals…
Did Fox and NBC get Bowe Bergdahl story wrong?
Bergdahl, a prisoner of the Taliban for five years, was released last summer in exchange for five Guantanamo Bay detainees. He indeed may be charged with desertion, and CNN’s Barbara…