The Epitome Boutique is a small business ran by Laricia Chandler that offers urban clothing, shoes and accessories. While the boutique tends to be more profitable in the summer, a recent slump caused by the opening of new shopping centers in the South Loop neighborhood and Hyde Park is forcing the boutique to find a new location that’s more accessible to its clients.
This has been one heck of a year for the airline industry.
Through the year’s first nine months, earnings at every major carrier have risen. The year-end numbers due out soon will confirm what the industry, and Wall Street, already expect: the upward trend isn’t likely to be ending anytime soon.
The industry is benefiting from declining fuel prices, strong demand and — thanks to consolidation among players — the absence of the kind of profit busting price wars that once plagued the airline sector.
Boeing Co. looks like it’s going to cruise right into 2015.
The Chicago-based aerospace giant is the beneficiary of a sustained cyclical boom in demand for commercial aircraft. That boom is being driven by a variety of factors, including Boeing’s successful rollout of the high profile 787 Dreamliner and other fuel-efficient planes.
The 787’s huge development costs burdened earlier years’ profits, and the aircraft ran into a variety of embarrassing problems in the early phase of its entry into the market. But those issues are now in the past.
At the same time, Boeing’s customers – airlines around the world – are reaping a big financial windfall as plummeting oil prices reduce their jet-fuel costs. It seems likely that if those trends remain in place, Boeing shares could be well on the way to returning to their 52-week high of just over $144 in the upcoming year.
The voters of Illinois have spoken on a hike in the minimum wage. Now what?
In Tuesday’s election, 63 percent of voters responded “yes” to a non-binding referendum question asking whether the minimum wage in Illinois should be raised from $8.25 to $10.00.
But state voters separately made another decision on Tuesday, one that casts a shadow over prospects for the proposal: The state’s most prominent supporter of a higher minimum wage has been Gov. Pat Quinn – the hike was the cornerstone for his re-election campaign – but in a tight race, the Democratic incumbent was ousted by Republican businessman Bruce Rauner.
Now, Quinn is vowing to push the bill through before he leaves office — and some political handicappers predict he’ll be able to pull off such an end run.
Shares of Orbitz Worldwide Inc. tumbled Thursday after the online travel site, pinched by rising marketing costs and the impact of a rising U.S. dollar, reported third quarter earnings that were well short of analysts’ forecast.
By: Janel Forte
United Continental Holdings, Inc. is looking to ground its longtime reputation for embarrassing technical snafus.
The Chicago-based airline’s problems date back to United Airlines’ 2010 merger with Continental Airlines. Combining the two rivals’ extremely incompatible computer systems has turned out to be much more difficult than anyone imagined. The still-to-be-completed systems integration has spawned a series of embarrassing and costly problems for the combined carrier. Continue reading “United Airlines Looks to New Tech Boss to Fix Problems”→