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Select a community or newspaper » Select a community ------------------ Algonquin Alsip Antioch Arlington Heights Aurora Bannockburn Barrington Barrington Hills Batavia Beecher Bellwood Berkeley Blue Island Bolingbrook Broadview Buffalo Grove Burr Ridge Calumet City Cary Chesteron, Ind. Chicago Chicago - Albany Park Chicago - Avondale Chicago - Belmont Cragin Chicago - Bucktown Chicago - Dunning Chicago - Edgebrook Chicago - Edgewater Chicago - Edison Park Chicago - Jefferson Park Chicago - Harlem-Irving Chicago - Lakeview Chicago - Logan Square Chicago - News Star Chicago - North Center Chicago - North Town Chicago - Norwood Park Chicago - Portage Park Chicago - Ravenswood Chicago - Rogers Park Chicago - Roscoe Village Chicago - Sauganash Chicago - Skyline News Chicago - Ukranian Village Chicago - Uptown Chicago - Wicker Park Chicago Heights Clarendon Hills Country Club Hills Crete Crestwood Crown Point, Ind. Darien Deerfield Deer Park Des Plaines Dolton Downers Grove Elburn Elgin Elk Grove Elmhurst Elmwood Park Evanston Flossmoor Forest Park Fox River Grove Fox Valley Frankfort Franklin Park Gages Lake Gary, Ind. Geneva Glen Ellyn Glencoe Glenview Glenwood Golf Grayslake Green Oaks Gurnee Harwood Heights Harvey Hawthorn Woods Hazel Crest Highland Park Highwood Hillside Hinsdale Hobart, Ind. Hoffman Estates Homer Glen Homer Twp. Homewood Indian Head Park Inverness Island Lake Joliet Kenliworth Kildeer La Grange LaGrange Highlands LaGrange Park Lake Barrington Lake Bluff Lake Forest Lake in the Hills Lake Villa Lake Zurich Lansing Lemont Libertyville Lincolnshire Lincolnwood Lindenhurst Lisle Lockport Long Grove Lowell, Ind. Manhattan Markham Matteson Maywood Melrose Park Merrillville, Ind. Midlothian Mokena Mongomery Morton Grove Mount Prospect Mundelein Naperville New Lenox Niles Norridge North Barrington Northbrook Northfield Northlake Northwest Ind. Oak Brook Oakbrook Terrace Oak Forest Oak Lawn Oak Park Oakwood Hills Olympia Fields Orland Hills Orland Park Oswego Palatine Palos Heights Palos Hills Palos Park Palos Twp. Park Forest Park Ridge Plainfield Portage, Ind. Prospect Heights Richton Park River Forest River Grove Riverwoods Rolling Meadows Rosemont Round Lake Sauk Village Schaumburg Schererville, Ind. Schiller Park Silver Lake Skokie South Barrington South Elgin South Holland St. Charles Steger Stone Park Thornton Twp. Tinley Park/
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May 4, 2007
EARNINGS : OfficeMax sales fall, stock too
EARNINGS : OfficeMax sales fall, stock too
Naperville-based OfficeMax Inc., the third-largest U.S. office supplies retailer, reported profit that trailed analysts' estimates as sales in stores fell for the fifth straight quarter, sending the shares down 16 percent -- their biggest decline in almost 20 years. First-quarter retail sales declined 1.8 percent to $1.17 billion after the company closed 109 stores last year. Sales were reduced by sluggish furniture demand and the end of mail-in rebates. Net income was $58.5 million, or 76 cents a share, 17 cents short of estimates. A year earlier, OfficeMax had a loss of $25.1 million, or 37 cents.
EARNINGS :
OfficeMax sales fall, stock too
Naperville-based OfficeMax Inc., the third-largest U.S. office supplies retailer, reported profit that trailed analysts' estimates as sales in stores fell for the fifth straight quarter, sending the shares down 16 percent -- their biggest decline in almost 20 years. First-quarter retail sales declined 1.8 percent to $1.17 billion after the company closed 109 stores last year. Sales were reduced by sluggish furniture demand and the end of mail-in rebates. Net income was $58.5 million, or 76 cents a share, 17 cents short of estimates. A year earlier, OfficeMax had a loss of $25.1 million, or 37 cents.
Morningstar profit rises 18 percent
Morningstar Inc., the Chicago-based investment research provider, said Thursday its first-quarter profit climbed 18 percent, driven by sales growth from acquisitions. Net income for the quarter was $15.8 million, or 33 cents per share, and revenue grew 36 percent to $95.5 million. Shares fell $1.37, or 2.6 percent, to $51.12.
Career Education's earnings slow
Hoffman Estates-based Career Education Corp. on Thursday reported lower first-quarter sales and profit, hurt by the addition of fewer new students and declining sales from its online platform. Earnings fell 43 percent to $30 million, or 31 cents per share, compared with the year-ago period. Revenue fell 12.5 percent to $424 million. WAREHOUSE CLUBS :
Martha can sell it for them wholesale
Martha Stewart will begin selling a line of food for Costco Wholesale Corp., the warehouse club known for bargains on designer and luxury goods along with basic meals like rotisserie chicken. Martha Stewart Living Omnimedia Inc. will introduce fresh, frozen and refrigerated foods, probably sometime next year. AIRLINES :
United raises fares for business travel
UAL Corp.'s United Airlines raised round-trip fares most often bought for business travel by as much as $100, citing higher fuel costs. It's the biggest business-oriented increase at Elk Grove Village-based United since 2000, said Jamie Baker, a JPMorgan Chase & Co. analyst. United also raised other round-trip ticket prices as much as $20. US Airways Group Inc. matched the higher fares in certain markets.
OIL :
Whiting refinery set to restart 2 units
BP Plc, Europe's second-largest oil company, is scheduled to restart two troubled crude distillation units at its Whiting refinery in June, a source said. The units each process about 75,000 barrels of oil a day. On April 24, BP said the northwest Indiana plant cut production to about 200,000 barrels a day, or half its capacity, following a hydrotreater unit failure in March and a subsequent power loss. The problems forced the plant to process more expensive grades of crude.
INSURANCE :
Allstate expects to be subpoenaed
Northbrook-based Allstate Corp. said the Department of Homeland Security plans to subpoena the company as part of an investigation of Hurricane Katrina claims. The subpoena for documents stems from the department's investigation of insurers that sell and administer policies for the National Flood Insurance Program. Allstate said it is confident it paid claims fairly.
Increase your money IQ
According to a new study, the highly intelligent aren't necessarily wealthier. While people with higher IQ scores tend to earn more, they don't always save and invest their money wisely, said study author Jay Zagorsky, a research scientist at Ohio State University. But they can learn how at Saturday's Money Smart Week events. Go to www.moneysmartweek.com and click on 2007 Money Smart Week events.
$138,000
What stay-at-home mothers in the U.S. would earn this year based on the time they spend performing 10 typical tasks, an increase of about 3 percent from 2006, according to a Salary.com survey of 40,000 moms. Working moms' salaries, meanwhile, would rise only $63 to $85,939 -- in addition to the pay they receive at work -- based on the same tasks.
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