Not an average business

Illinois will gain $17.5 million in the process once business operations start next year. The Illinois River was quiet on June 15th, 2006, until a speedboat slammed into a barge. Tammy Warnke, 30 at the time, she lost her ability to talk and forgot how to walk, because of severe brain injuries as a result […]

Read more "Not an average business"

CAT earnings bulldoze past forecasts

By Penny Yi Wang for Medill News Service Shares of Caterpillar Inc. jumped after the manufacturing giant, helped by a surge in North American sales that more than offset a slowdown in international market, reported third-quarter earnings that dramatically surpassed Wall Street expectations. Net income for the Peoria-based heavy equipment maker inched up less than one […]

Read more "CAT earnings bulldoze past forecasts"

Illinois Tool Works shares surge as 3Q earnings beat expectations

By Penny Yi Wang for Medill News Service Illinois Tool Works Inc. shares soared 3.8 percent on Tuesday after reporting third-quarter earnings that beat analysts’ expectations, as the company sheds unprofitable product lines. For the quarter ended September 14th, the company’s net income rose 17.5 percent, to $531 million, or $1.34 per diluted share, from the […]

Read more "Illinois Tool Works shares surge as 3Q earnings beat expectations"

Hedge funds hope for better days

By Penny Yi Wang for Medill News Service Hedge funds finally regained a shred of dignity in September:  after a long stretch of frequently underperforming the broad stock market, the investment funds – which charge their clients hefty  management fees – were able to do a bit better than the Standard & Poor 500 Index. A […]

Read more "Hedge funds hope for better days"