Present-day and next-generation investment industry leaders debated future of funds at the Kellogg School of Management’s private equity and venture capital conference in Chicago, with the conversation returning to value creation.
Image via Jmtimages/Flickr.com
BY KATIE ROGERS – MEDILL NEWS SERVICE
When we asked you to grade President Obama’s fiscal strategy so far, an overwhelming number — nearly two-thirds — voted for a grade of “F.” A sample of 39 people isn’t a lot to draw conclusive answers from, but with [...]
Flickr.com/David C. Pearson
BY MEGAN MOLLMANN - MEDILL NEWS SERVICE
The stock market is making gains. Housing sales are showing signs of life. And the Federal Open Market Committee is tweaking its rhetoric, saying “economic activity is leveling out” in a statement Wednesday.
Cautioning that the economy is likely to stay weak for some time, the FOMC kept the
President Obama's Aug. 5, 2009 Wakarusa, Ind. speech — in Wordle format.
BY KATIE ROGERS – MEDILL REPORTS
Shares of Warrenville, Ill.-based Navistar International Corp. jumped Thursday following a Wednesday visit by President Obama to the company’s Wakarusa, Ind. Monaco RV manufacturing plant.
Navistar shares [[NAV]] were up more than 2 percent [...]
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 [...]
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, [...]
Creative Commons photo from Flickr/Matt MacGillivray
BY KELLEN M. HENRY — MEDILL NEWS SERVICE
Consumer prices in the Chicago area rose 0.6 percent last month, riding on an increase in the price of gasoline in June, while other price areas remained stagnant, the Bureau of Labor Statistics reported on Wednesday.
The [...]
Flickr.com/Darren Hester
BY KATIE ROGERS – MEDILL NEWS SERVICE
In an age of economic uncertainty, what we know for sure is Americans are still willing to stretch their budgets when it comes to electronics.
Because of our obsession with computers, phones and other gadgets that put life’s essentials at our fingertips (quite [...]