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Just 55 of the S&P 500 companies have seen estimates of their likely earnings in the fourth quarter revised upward, while 424 companies are facing declines. "That's telling me that earnings are going over a cliff," says Dirk van Dijk, director of research for Chicago-based Zacks Investment Research, which compiles the earnings forecasts of Wall Street analysts. "Estimates were way too high given the soft economy, and analysts are diligently whacking at them with a machete...
Getting it built and getting it sold are not the same thing. Many of the gleaming building's units remain unsold, and The Donald's lenders are looming. Roughly 75% of the 4,900 condominium units under construction in downtown Chicago are already sold. That's good, but next year the number of new units coming onto the market is expected to drop to 4,600, and only 60% are sold, according to Appraisal Research Counselors, a consulting firm that tracks downtown Chicago real estate...
Experts say some areas of downtown Chicago are most likely to recover first. But it is the areas that were just beginning to experience redevelopment, or any development, where recovery is likely to be the most drawn-out, if it happens...
More Member Benefits. American Airlines is now giving its best customers PriorityAAccess privileges. First-class, business-class and other full-fare ticket-holders, along with AAdvantage frequent flier members, qualify for priority check-in. At select airports (Dallas-Ft. Worth, Chicago O'Hare, Miami International, Los Angeles, New York City's JFK and La Guardia, St. Louis, San Francisco, Boston, San Juan and Puerto Rico) they'll also have access to designated priority lanes through security...
Free Money. When was the last time a hotel gave you cash at check-in? The Hard Rock Hotel in Chicago is handing guests $20 in one-dollar bills in the hopes that they'll use the money charitably during their stay. The hotel suggests giving back by tipping a street musician or paying the highway tolls of 10 cars behind you. If you upgrade your room, the hotel will donate $25 to one of three local charities, including the Chicago Food Bank. Generosity must be contagious: Another Chicago hotel, Hotel Indigo, is handing guests $25 gift cards to Target...