April 12 at 3:45 p.m.
Filed under: Earnings
, Stock activity
A machine at the offices of WMS Gaming, located at 3401 N. California in Chicago. (Phil Velasquez/Chicago Tribune)
Shares of Waukegan-based WMS Industries Inc. fell more than 17 percent Tuesday, a day after the slot-machine maker warned that its third-quarter earnings would miss Wall Street expectations.
After the market’s close Monday, WMS said sluggish demand for its slot machines meant it would likely earn 40 cents to 42 cents a share on revenue of $191 million to $193 million for its fiscal third quarter. Analysts surveyed by Bloomberg had predicted the company would earn 52 cents a share. Get the full story »
April 11 at 4:52 p.m.
Filed under: Autos
Toyota Motor Corp. has warned its U.S. dealers that the supply of new vehicles could become “significantly impacted” by the summer, according to a memo distributed Sunday.
The memo is the clearest statement by Toyota that the shortage caused by the March 11 earthquake and tsunami will last into the third quarter. Get the full story »
April 11 at 4:26 p.m.
Filed under: Energy
Rising oil prices are unlikely to push up core inflation and thus should not trigger any interest-rate hikes from the U.S. Federal Reserve, according to research from a top Fed official on Monday. Get the full story »
April 11 at 2:37 p.m.
Filed under: Food
Wendy's natural-cut fries debuted in November. (Wendy's/Arby's)
Wendy’s/Arby’s Group Inc. is standing up to its biggest burger rival, McDonald’s Corp., by putting its marketing dollars toward gaining more french fry market share. By changing its recipe to differ more from McDonald’s french fries, Wendy’s is choosing to compete by being unique, rather than solely by trying to be better.
“French fries are a significant part of our menu,” said Ken Calwell, Wendy’s chief marketing officer. “And it’s so hard to have something unique and different, that still tastes good, in the fast-food industry. So, we see the new fries as a huge opportunity for us.” Get the full story »
April 11 at 10:01 a.m.
Filed under: Defense
The U.S. government has prevented more than 350 people suspected of ties to al-Qaida and other terrorist groups from boarding U.S.-bound commercial flights since the end of 2009, The Associated Press has learned. Get the full story »
April 11 at 9:49 a.m.
Filed under: M&A
Thomas & Friends trains at a factory in China, Sept. 28, 2007. (Michael Lassman/Chicago Tribune )
Oak Brook toy company RC2 Corp. said Monday that the 30-day period during which it could solicit alternative buyout proposals has ended.
Last month, Japanese rival Tomy Co. agreed to purchase the maker of the Chuggington and Thomas & Friends line toy products in an all-cash deal valued at about $640 million. Get the full story »
April 8 at 5:54 p.m.
Filed under: Crime
, Criminal charges
The state of Illinois might be notorious for its financial troubles, but at least it barely cracked the Top 10 of states with the most bank robberies in 2010, according to newly released statistics from the FBI. Get the full story »
April 8 at 2:47 p.m.
Filed under: Chicago executives
McDonald’s Corp. Chief Executive Jim Skinner received a total of $9.7 million in compensation in 2010, including his roughly $42,000 annual salary increase and a 38 percent increase in his annual performance bonus. Get the full story »
JPMorgan CEO Jamie Dimon, right, listens to a question from the media after a speech at a conference on global capital markets in Washington, March 30, 2011. (Andrew Harrer/Bloomberg)
When Jamie Dimon, the chairman and chief executive of JPMorgan Chase & Co., finally sold his Gold Coast mansion at 25 E. Banks St. in 2010 after it had been on the market three years, the real estate crisis prevented him from getting the more than $13 million he originally wanted.
But he did get help from JPMorgan, which paid $421,458 in expenses related to the sale, according to a Securities and Exchange Commission filing made public yesterday. Get the full story »
Energy Secretary Steven Chu said on Thursday high oil prices posed a threat to the global economy. “The oil producer countries and the oil consuming countries are concerned because it does have an impact on a very fragile economic recovery. There is great concern,” Chu told a news conference while attending a clean energy conference. Get the full story »
April 7 at 9:57 a.m.
Filed under: Airlines
Travelers check in at at O'Hare International Airport, Sept. 14, 2010. (William DeShazer/Chicago Tribune)
There are some signs that airlines are starting to take their foot off the pedal after pushing through more than six major fare increases in the first three months of the year.
March may have been a turning point. A $10 fare increase launched March 9 by American Airlines and two other $10 round-trip fare hikes launched by United Airlines were rolled back after some competitors declined to push their prices higher. And some ticket prices showed sharp price drops in the second half of the month. Get the full story »
April 5 at 4:34 p.m.
Filed under: Litigation
Teen clothing giant American Eagle Outfitters Inc. is suing a South Side Chicago furniture company for trademark infringement. Get the full story »
April 5 at 4:32 p.m.
Filed under: Bankruptcy
A Blockbuster at Foster and Pulaski in Chicago, Feb. 24, 2011. (Chris Sweda/Chicago Tribune)
A bankruptcy auction for movie rental chain Blockbuster Inc kicked off with a $284 million bid from Dish Network Corp on Tuesday, quickly topped by bids from rival groups led by billionaire Carl Icahn and hedge fund Monarch Alternative Capital
The auction in U.S. Bankruptcy Court in Manhattan will decide the fate of the movie rental chain, which filed for bankruptcy last September. The company put itself up for sale in February after a reorganization plan fell apart. Get the full story »