Software startup Roompact expands nationwide
The Chicago company says 15,000 college students are now using its software to set boundaries to avoid roommate conflicts.
Groupon debuts line of private-label wine
Groupon on Tuesday cracked open a line of private-label wines with some purrfectly quirky names and labels featuring Groupon the Cat.
Reyes Beverage Group now top beer distributor in U.S.
The Rosemont company’s purchase of a South Florida beer distributor makes Reyes Beverage the country’s largest. [Crain’s]
Stores in suburban Calumet City and McHenry are among 11 closures announced Tuesday by the Minneapolis-based retailer.
Budweiser goes for a throwback Christmas
Budweiser is shipping handmade wooden crates to retailers for the holidays. Inside, you’ll find 18 bottles with throwback logos. [Fast Company]
US stocks slip as oil’s slump hits energy industry
Stocks closed mostly lower Tuesday, led by declines in energy companies as the price of oil continues to fall.
Chicago developer Related Midwest LLC has taken control of the Chicago Spire development site. [Crain’s]
Office Depot raises earnings forecast
Office Depot Inc. said it expects greater benefits from its merger with OfficeMax and raised its net income forecasts.
Motorola Solutions raises buyback program by $5 billion
Motorola Solutions reported a better-than-expected quarterly profit as it slashed costs and raised its share buyback by $5 billion.
ADM earnings powered by corn processing, revenue slips
Gains in corn processing and agricultural services more than offset flat results in oilseed processing. [Reuters]
Ford issues 5 recalls covering 202,000 vehicles
The largest of five recalls announced Tuesday affects about 135,000 F-150 pickups and Ford Flex family haulers from the 2014 model year.
Burger King: Chicken Fries helped lift US sales
Burger King said bringing back its “Chicken Fries” helped sales jump in the U.S. and Canada by the biggest amount in two years.
CVS’s 3Q benefits from generics, specialty drugs
CVS Health Corp. reported better-than-expected third quarter earnings Tuesday, helped by increased use of generic drugs and specialty pharmaceuticals.
US sues Southwest Airlines over maintenance issues
The U.S. and Southwest failed to reach a settlement over allegations that repairs to dozens of planes didn’t meet safety standards.
Pace of US home price growth slows in September
Prices increased 5.6 percent in September compared to a year ago, CoreLogic said Tuesday. That’s down from annual gains of 6.4 percent in August.
US trade deficit rises in September
The U.S. trade deficit rose in September, as a broader global economic slowdown caused exports to fall.
AK Steel Holding Corp. on Tuesday reported a loss of $7.2 million in its third quarter but beat analyst expectations.
Judge won’t block Honeywell health screenings, penalties
Employees who decline to take the biometric tests could be fined up to $4,000 in surcharges and increased health costs.
