business
U.S. economy accelerates to 2-percent growth in third quarter
The U.S. economy grew at a slightly faster 2 percent annual rate from July through September, buoyed by more spending by consumers and the federal government. Growth accelerated from the 1.3 percent rate in the April-June quarter, the Commerce Department said Friday.
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Aon profits up 3 percent in third quarter over previous year
Aon, the world’s largest insurance broker, reported Friday that third-quarter profits had risen 3 percent over the same period last year.
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CME Group profits tumble 31 percent in third quarter
CME Group Inc., owner of the Chicago futures markets, Thursday reported a 31 percent decline in third-quarter profit on a slowdown in trading activity.
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Mariano’s opening Greektown store with luxury atmosphere, high-end goods
Shoppers at Mariano’s grocery store opening Tuesday in Greektown will get to design their own craft-beer six-pack, slurp down oysters at an oyster bar and take cooking lessons from visiting chefs in the Milwaukee company’s most creative efforts yet to serve the Chicago market.
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DeVry 1Q profit falls 44 percent
DeVry Inc.’s fiscal first-quarter profit fell 44 percent on declining enrollment, but the for-profit education company beat market expectations. Its shares jumped in after-hours trading on the news. The company’s net income fell 44 percent to $32 million, or 49 cents per share, for the …Read More
Chicago unemployment rate drops to 8 percent
The Chicago-area unemployment rate dropped to 8 percent in September, the lowest rate in four years and down from 10.1 percent a year ago, the Illinois Department of Employment Security reported Thursday.
Apple misses Wall Street 4Q expectations
Apple missed Wall Street earnings expectations for the second straight quarter, as iPad sales fell short of analyst forecasts.
Microsoft kicks off Windows 8, Surface in event
Microsoft kicked off a campaign for its newest operating system, Windows 8, and its Surface tablet computer at New York’s Pier 57. Designed to run on both PCs and tablet computers, Windows 8 heralds the biggest change to the industry’s dominant operating system in at least 17 years.
United Continental reports smaller profits
Frustrated travelers ditched United for other carriers after glitches from the Chicago airline’s merger with Continental led to delays and cancellations this summer, executives said while reporting third-quarter earnings Thursday.
Ihnatko: Why Apple was right to price iPad Mini at $329
I don’t think $329 is a mistake. Instead, it simply reveals how Apple thinks of the competition for the iPad Mini: They don’t think it exists.
Weekly U.S. jobless aid applications fall to 369,000
Weekly applications for U.S. unemployment aid fell last week to a seasonally adjusted 369,000, a level consistent with modest hiring.
Mini review: Windows 8 closest thing to a complete teardown, rebuild
Andy Ihnatko: Windows 8 (available Friday as a $39 digital download) represents the next closest thing to a complete teardown and rebuild of the world’s most popular operating system. The basic footprint may be the same, but most of its reliable and familiar touchstones have been done away with. Which is a shame, but the benefits are huge.
Soundtrack to history: 1878 Edison audio unveiled
It’s scratchy, lasts only 78 seconds and features the world’s first recorded blooper. The modern masses can now listen to what experts say is the oldest playable recording of an American voice and the first-ever capturing of a musical performance, thanks to digital advances that allowed the sound to be transferred from flimsy tinfoil to computer.
Chicago-area foreclosures jump 34% in third quarter
Chicago-area foreclosures increased by 34 percent in the third quarter, although they dropped in most other metro areas around the country.
Stocks edge higher, breaking a weeklong slump
A weak showing in home sales and a mixed batch of earnings reports kept stocks flipping between minor gains and losses on Wall Street. By the end of the day, the major indexes managed to eke out their second day of gains this week.
Want to avoid the next big data breach? Expert says use cash
Customers jarred by news that credit and debit card devices at seven Chicago-area Barnes & Noble stores and 63 nationwide have been tampered with have at least one option for defending themselves, an expert said. “The simple answer is pay cash,” said Jacob Furst, a professor at DePaul University specializing in information security.
