| Jan 28, 2014
In a part of the West Side long marginalized by City Hall planners, officials have seized on a grand proposal for an "innovation park" that would train and employ impoverished Chicagoans in high-tech factories.
Spearheaded by labor activist Dan Swinney,...
| Feb 10, 2014
| 11:28 AM
WASHINGTON -- A public interest group on Monday sued the Justice Department over last year’s record $13-billion settlement with JPMorgan Chase & Co., arguing the deal to resolve investigations into faulty mortgage investments was unconstitutional...
| Feb 5, 2014
| 12:30 PM
NBCUniversal named Mark Kornblau senior veep of communications for its News Group, while setting Kathy Kelly-Brown. a company veteran who had that role, in a new job leading a newly division aimed at marshaling talent for promotional and marketing...
| Feb 28, 2014
| 5:59 AM
United Continental Holdings Inc. said winter storms that forced the cancellation of more than 22,500 flights will erode a benchmark revenue gauge this quarter at the world’s second-largest airline.
Revenue for each seat flown a mile will drop by...
| Feb 27, 2014
| 4:18 PM
Wells Fargo & Co. is slicing an additional 700 jobs from its mortgage operations, bringing staff reductions to about 7,000 -- nearly 12% of its home-lending workforce -- since last year, when rising interest rates ended a refinance boom.
| Feb 25, 2014
| 8:33 AM
JPMorgan Chase & Co. announced plans Tuesday to cut 8,000 positions, more than previously forecast, as fewer Americans refinance their mortgages because of rising interest rates.
The cuts will hit its mortgage and retail banking businesses, according to...
| Feb 25, 2014
| 11:17 AM
U.S. home prices ended 2013 with slowing growth, suggesting a leveling out of prices that may keep more properties within reach of potential buyers.
The S&P/Case-Shiller index of property values in 20 cities rose 13.4 percent from December 2012 after...
| Feb 24, 2014
| 4:29 PM
An activist hedge fund has taken a 2.5 percent stake in Tribune Co., and may be looking to increase its holdings.
Blue Harbour Group, a Connecticut-based investment firm, says it is on board with the direction taken by Tribune Co., which is planning...
| Jan 22, 2014
| 4:57 PM
Never let it be said that Pope Francis doesn't know how to bring the battle to the battleground. In an address to the CEOs and assorted financial hangers-on gathered this week in Davos, Switzerland, for the annual World Economic Forum, he admonished...
| Jan 24, 2014
| 8:43 AM
WASHINGTON -- Atty. Gen. Eric H. Holder Jr. said Friday that no bank is "too big to indict" and that the Justice Department has more cases coming involving "significant financial institutions" as it continues to investigate Wall Street misconduct.
| Feb 12, 2014
Re "Errors could hurt college bound," Feb. 10
Such a simple word as "errors" diminishes the severity of purposely concealing grave misconduct by college applicants. The 11 Orange County students recently expelled from their high school over the cheating...
| Jan 20, 2014
| 9:24 AM
Talking up your opponent's skills is a tactic that permeates sports, politics and business. The idea is to lower expectations of your own success so your subsequent victory looks even more spectacular and defeat (if it comes) less demoralizing. There's no...