Daley nephew leaving Janus investment job at end of 2014
Peter Thompson, a nephew of former Chicago Mayor Richard M. Daley, will step down as chief executive of Perkins Investment Management at the end of the year. Perkins is an...
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Discover card shares top spot in J.D. Power satisfaction ranking
For the first time since 2007, American Express must share a J.D. Power award for highest customer satisfaction of credit-card companies. Riverwoods-based Discover Financial Services was in a dead heat...
Loans by Illinois banks at pre-recession levels
Illinois banks saw their loan balances rise 6 percent in the second quarter to levels not seen since before the Great Recession. The Federal Deposit Insurance Corp. on Thursday reported...
Private equity firm to buy Cobra Electronics for $28 million
A New York private equity firm, making its second Illinois deal in a month, said Thursday that it has struck a deal to buy Chicago-based Cobra Electronics Corp. for more...
Generation gap exists in small-purchase payments
Cash is king, the saying goes. But a generation gap exists between those who prefer cash vs. plastic when making small purchases. If current predilections persist, currency could eventually be...
U of I ranks high in undergrad entrepreneurs getting venture funding, study shows
Over the past five years, 146 entrepreneurs with undergraduate degrees from the University of Illinois have received venture-capital funding for businesses that they've started, more than any other college in...
Most parents worry that college costs will hurt retirement savings: study
Nearly two-thirds of parents with children ages 15 to 17 worry that college costs will jeopardize their ability to save for retirement, a new study shows. The study, commissioned by...
Internet banking still No. 1 but slips in popularity
Consumers are banking less often on desktop computers, as an increasing number of people turn to mobile phones, ATMs and even branches to handle their finances, a survey released last...
Chicago private equity firm GTCR buys suburban lab-supplies maker for $480 million
Private equity firm GTCR has completed its purchase of a Vernon Hills-based laboratory equipment maker for $480 million in cash. Cole-Parmer Instrument Co. was sold by Massachusetts-based Thermo Fisher Scientific...
A third of Americans have no retirement savings: survey
More than a third of Americans have no retirement savings, and millennials feel more financially secure than other age groups despite being the least likely to have socked away any...