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2018年6月29日 星期五

Winners and losers of Chicago's minimum wage hike | Wrigley Building sold | Comcast outage

The most complete business news and market update, delivered weekdays after the closing bell.

Chicago Tribune

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June 29, 2018

chicagotribune.com

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Chicago's minimum wage is about to jump to $12 per hour. Who are the winners and the losers?

Friday, Jun 29

New research analyzing the impact of Chicago's recent minimum wage increases found the policy boosted the incomes of low-wage workers without damaging business growth or employment. But some local business owners would beg to differ.

Chicago billionaire completes $255 million purchase of Wrigley Building

RYAN ORI: The $255 million sale of the Wrigley Building has been completed, wrapping up a wildly successful investment for the sellers and leaving the North Michigan Avenue landmark in the hands of Chicago billionaire Joe Mansueto.

Whiskey, ketchup and motorboats: Canada responds to Trump with $12B in tariffs

From ketchup to motorboats, Canada's about to fire back against Donald Trump on its national holiday.

It's great that the Uptown Theatre has a future. What kind of future will it be?

BLAIR KAMIN: Word that the long-shuttered Uptown Theatre will be renovated and reopen as a concert and live entertainment venue is a major victory for preservationists.

Comcast deals with widespread nationwide outage

Comcast told CNBC, which it owns, that it is aware of a nationwide outage affecting some of its internet, video and voice customers due to a fiber cut at a backbone network, which is a type of infrastructure that helps connect different computer networks, and is working to restore service. 

Bitcoin bloodbath nears dot-com levels as many tokens go to zero

Bitcoin's meteoric rise last year had many observers calling it one of the biggest speculative manias in history. The cryptocurrency's 2018 crash may help cement its place in the bubble record books.

Flying from New York to London in two hours is on the horizon, Boeing says

Boeing wants you to imagine boarding a plane in New York and arriving in London two hours later, about a 1.5 hours faster than the time it took the legendary Concorde to complete the same journey on average.

Uber's electric, dockless bikes coming to South Side

Uber is preparing to launch its dockless electric bike-share service, Jump, as part of a six-month program Chicago is piloting on the South Side.

North Branch Park project could cost up to $200 million, backers say

An ambitious plan for a 24-acre green space to replace an open-air scrap yard along the North Branch of the Chicago River could cost as much as $200 million, said Ald. Michelle Smith, 43rd.

Foxconn founder says his first order came from Chicago area's Zenith, maker of TVs and boomboxes

Foxconn founder Terry Gou had his own origin story to tell at the groundbreaking for his company's southeastern Wisconsin plant. His first order came from a Chicago TV manufacturer in 1974.

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