Roadsidepictures/Flickr.com
BY KATIE ROGERS– MEDILL NEWS SERVICE
By attracting weary, worried customers with dirt-cheap food options, there’s no doubt that McDonald’s Corp. became a corporate anomaly amid the severe recession.
But after such a rapid period of growth in the first quarter, some analysts think the fast food giant might not have anywhere [...]
BY MEGAN MOLLMANN – MEDILL NEWS SERVICE
Although there was good news this week that housing prices are on the rebound, the aftershocks of the housing bubble are still being felt.
Chicago’s foreclosure rate shot up 30.3 percent in the first half of 2009 compared with January through June of 2008, according to a [...]
Beer Flag by I am Jacques Strappe/Flickr.com
By Jordan Melnick — Medill News Service
President Obama can’t catch a break lately.
As if he didn’t have enough to worry about with one war winding down, another ramping up and a recession doing one or the other depending on the day (or economic report). Now comes [...]
The highly anticipated deal between Microsoft and Yahoo drew opposite reactions from their share holders.
BY YEWON KANG – MEDILL NEWS SERVICE
The market’s decision on the highly anticipated deal between Microsoft Corp. [[MSFT]] and Yahoo! Inc. [[YHOO]], announced early Wednesday? Microsoft, the winner, and Yahoo the loser.
Microsoft’s shares closed up 33 cents, or [...]
Unemployment self-portrait by Diego Cupolo/Flickr.com
BY KATIE ROGERS – MEDILL NEWS SERVICE
On the heels of Tuesday reports indicating green shoots in the Chicago area housing market, and the Fed’s Beige Book Wednesday suggesting a slightly more optimistic economic outlook, The Bureau of Labor Statistics released a bleaker [...]
via The Federal Reserve Board
BY KELLEN HENRY – MEDILL NEWS SERVICE
The economic story in the Midwest is the same the one we’re hearing across most of the country — The economy is weak, but it’s no longer in free-fall.
According to The Beige Book, the report on current economic conditions released [...]
BY SHAHZAD CHAUDHARY–MEDILL NEWS SERVICE
New orders for durable goods, products meant to last several years, fell by 2.5 percent to $158.6 billion in June, according to a report released Wednesday by the U.S. Department of Commerce. Shipments fell for the eleventh straight month in June by 0.2 percent to $168.3 billion.
Excluding transportation, [...]
BY JORDAN MELNICK — MEDILL NEWS SERVICE
The Pharmaceutical Research and Manufacturers of America (PhRMA) cited “serious concerns” over a House proposal to have drug companies pay a rebate on certain medications provided under Medicare.
Under the proposed rebates, drug makers would pay back [...]
BY JORDAN MELNICK–MEDILL NEWS SERVICE
PIMCO’s managing director Bill Gross, called the nation’s most prominent bond investor, made a grim forecast for the U.S. economy Wednesday. In “Investment Potions” he says that nominal GDP is on track to stabilize at 3 [...]
RealtyTrac.com/Estimated Chicago home values from Nov. 2006 -June 2009
BY MEGAN MOLLMANN – MEDILL NEWS SERVICE
Home prices in the Chicago metropolitan area rose 1.1 percent in May from April of this year and ended a 10-month spree of falling home values, according to the the Standard & Poor’s/Case-Shiller index report released [...]
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