After The Bell: Ugly Jobs Report May Impact Fed Rate Hike Path
Stocks closed slightly lower Friday, as a disappointing May jobs report raises questions on when the Federal Reserve will be in position to resume its higher rate hike path.
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Stocks closed slightly lower Friday, as a disappointing May jobs report raises questions on when the Federal Reserve will be in position to resume its higher rate hike path.
The village manager says he understands why the western suburb may lose the fast-food giant's world headquarters. CBS 2's Vince Gerasole reports.
You read that correctly. The name change is effective June 20.
Exelon Corp. said Thursday that it will shut two Illinois nuclear power plants after the state Legislature declined to act on the company's request for financial support.
The plaintiff says the fast food giant should allow blind people to order from drive-thru's when the walk-in option isn't available.
The tent city and overnight campout was intended as a physical display of McDonald's workers' dismay as shareholders gather for their annual meeting.
CBS 2's Mike Parker reports on the latest salvo.
A job killer, or an attempt to level an uneven playing field? That's the way two sides describe a proposed ordinance that would force Uber and Lyft drivers to get the same licenses as taxi drivers.
Gannett Co. said Monday that it will determine whether to continue its pursuit of Tribune Publishing after that company's June 2 stockholder's annual meeting, where it has urged Tribune shareholders to reject the proposed slate of board nominees.
The S&P 500 shed 7, the NASDAQ lost 26 and the Dow Jones industrial average closed down over 91 points, settling to 17,435.
A final vote on new regulations for house-sharing services like Airbnb has been delayed until next month, after some aldermen objected to approving changes presented by the Emanuel administration just minutes before Wednesday's City Council meeting.
USA Today owner Gannett has boosted its takeover bid for Tribune Publishing Co. by about 22 percent one week after the owner of the Los Angeles Times, Chicago Tribune and other newspapers adopted a "poison pill" plan to thwart the unsolicited offer.
Gannett offered to buy Tribune Publishing last month for more than $388 million. Tribune rejected the offer last week, saying the price was too low.
Boeing shareholders overwhelmingly voted down a proposal to disclose more information about the company's weapons sales to Israel on Monday, but anti-war activists behind the idea pledged to keep up the fight.
Gannett, the publisher of USA Today and other newspapers, said Monday that withholding a vote at Tribune's annual meeting next month will send a message to the management team that it needs to engage in takeover talks.
