Latest News
Mayor reveals that more businesses support Paid Leave Ordinance
By Southland Marquee | Nov 9, 2023
The city of Chicago announced additional backing from the Illinois Hispanic Chamber of Commerce for the Chicago Paid Leave Ordinance. A consensus has been achieved to grant all Chicago workers 10 days of paid time off, comprising five days of sick leave and five days of general time off, according to a press release by the city of Chicago.
CME Group publishes third quarter 2023 results
By Southland Marquee | Oct 26, 2023
CME Group Inc. has released its financial results for the third quarter of 2023, reporting revenues of $1.3 billion and an operating income of $820 million. The company achieved a net income of $750 million, with diluted earnings per common share at $2.06. On an adjusted basis, the net income amounted to $818 million, and diluted earnings per common share were $2.25.
Northern Trust hosts second Charity Trading Day
By Southland Marquee | Oct 26, 2023
Northern Trust recently held its second Charity Trading Day, a global initiative aimed at supporting four global charities in line with the company's philanthropic strategy. According to a press release by Northern Trust, employees and clients will also contribute their time and volunteer hours to various projects of these charities throughout the upcoming year.
Northern Trust Asset Management appoints new co-head of Wealth Client Group
By Southland Marquee | Oct 26, 2023
Northern Trust Asset Management (NTAM) has announced the appointment of Sunitha C. Thomas, CFA, as the co-head of their newly established Wealth Client Group. Thomas will be responsible for enhancing NTAM's engagement with Northern Trust Wealth Management clients and strengthening its position within the intermediary wealth management sector. According to a press release by Northern Trust, Thomas will report to Northern Trust Asset Management President Daniel Gamba.
Northern Trust publishes its Q3 2023 report
By Southland Marquee | Oct 23, 2023
Northern Trust Corporation reported its third-quarter financial results today, revealing a net income of $327.8 million, equivalent to $1.49 per diluted common share. These figures represent a decrease from the second quarter of 2023, where net income per share was $1.56, and a decrease compared to the third quarter of 2022, when net income per share reached $1.80.
BMO for Women Survey highlights gender gap
By Southland Marquee | Oct 21, 2023
BMO Harris Bank recently released survey results indicating that, as of the present, women entrepreneurs exhibit disparities in critical aspects of business financial planning, transition planning, and financial literacy in comparison to male entrepreneurs. The study uncovered that 64 percent of women business owners lack a comprehensive financial plan for their enterprises, contrasting with the 59 percent of men who do have such plans according to a press release by BMO Harris Bank.
BMO Blue Book report depicts resilient but slowing economy
By Southland Marquee | Oct 21, 2023
BMO Harris Bank has released its latest report, the BMO Blue Book, which provides an in-depth analysis of the U.S. economy and its performance in 11 specific regions. According to the report, the U.S. economy is expected to decelerate in early 2024 due to aggressive monetary tightening measures.
Chicago Community Loan provides loan for the ASPIRE Initiative
By Southland Marquee | Oct 18, 2023
The Chicago Community Loan Fund (CCLF) has provided a $3,333,333 loan to support the ASPIRE Initiative, according to a press release by CCLF. The ASPIRE Center, located on a three-acre property, is a collaborative project of the Westside Health Authority (WHA) and Austin Coming Together (ACT).
CME Group achieves over 6,000 contracts in T-Bill futures trading the first week
By Southland Marquee | Oct 11, 2023
CME Group, a global markets company, has reported that its newly launched Treasury Bill (T-Bill) futures trading activity exceeded 6,000 contracts in its first week. The futures align with the growing risk transfer activity in the U.S. Treasury market. CME Group announced that these contracts will soon be eligible for portfolio margining against other cleared interest rate swaps and futures.
The 2022 Bank of America Chicago Marathon sets a new record, contributing $386 million to Chicago's economy
By Southland Marquee | Oct 9, 2023
Bank of America has published a document detailing the economic impact of the 2022 Bank of America Chicago Marathon. According to the report, the marathon injected a record-breaking $386 million into the city's economy.
CME Group will introduce Micro Henry Hub Futures and Options on November 6
By Southland Marquee | Oct 4, 2023
CME Group, the world's leading derivatives marketplace, has announced plans to introduce Micro Henry Hub futures and options on November 6, pending all necessary regulatory reviews. These new contracts, which will be listed by and adhere to the rules of NYMEX, will provide global energy traders with additional flexibility in managing their natural gas exposure.
Arlington Capital Partners to Purchase Exostar from Thoma Bravo
By Southland Marquee | Oct 2, 2023
Thoma Bravo announced that Arlington Capital Partners has confirmed its acquisition of Exostar from Thoma Bravo. Exostar is a business collaboration provider in regulated sectors such as aerospace defense and healthcare according to a press release. The transaction is expected to close by the end of 2023, subject to regulatory approvals and customary closing conditions. Exostar, with its Exostar Platform, offers a secure environment for sharing sensitive information and facilitating secure, compliant, and efficient business transactions across complex networks of customers,...
Catalyst Consulting Group's Goal to Assist The Living
By Southland Marquee | Sep 27, 2023
As migration continues to be a defining global phenomenon, Catalyst Consulting Group has taken on the mission of providing temporary housing for asylum seekers. Their visionary initiative, known as the Migrant Village, aims to address the urgent need for stable and safe accommodation in the Greater Chicagoland area.
CME Group, CF Benchmarks to introduce APAC Reference Rates for bitcoin, ether in September
By Southland Marquee report | Aug 30, 2023
A leading provider of cryptocurrency, CF Benchmarks, and CME Group, a leading derivatives marketplace, recently announced plans to launch two new Asia Pacific-specific reference rates for bitcoin and ether on Sept. 11.
Rohde: 'It has been a pleasure working with MDP, Flint and the entire Syntellis team to create a truly best-in-class EPM leader'
By Southland Marquee report | Aug 22, 2023
On Aug. 8, Madison Dearborn Partners (MDP) and Thoma Bravo revealed they successfully finalized the transaction selling Syntellis Performance Solutions, a supplier of enterprise performance management (EPM) software, data and intelligence solutions to Roper Technologies, Inc. (“Roper”) for an all-cash payment amounting to an enterprise value of $1.4 billion. Subsequently, Syntellis will be integrated with Roper’s Strata Decision Technology business, according to a press release.
Yules: 'We are excited to work with both of these organizations on the next phase of their growth journey'
By Southland Marquee report | Jul 22, 2023
Software-investment firm Thoma Bravo announced July 17 that it has finalized a strategic growth investment in Bluesight, the Medication Intelligence™ Company. The investment is set to strengthen Bluesight's drug diversion prevention capabilities, achieved through its acquisition of Medacist.
Chicago Uber driver: 'My full time job doesn’t pay all the bills'
By Southland Marquee report | Jul 12, 2023
Driving for Uber on the side helps Michael Healy of Chicago have some extra money for paying bills.
'We are passionate about entrepreneurship as a tool to add value to the lives of indigenous Kenyans': Chebet Mutai, founder of Wazawazi
By Southland Marquee reports | Jun 15, 2023
The Southland Marquee speaks with Chebet Mutai, founder of the Kenyan brand Wazawazi, which designs, produces and distributes lifestyle products such as Afrocentric home goods, leather accessories and pet adornments from ethically and sustainably sourced materials, 100% handmade in Kenya.
Chicago business leader: Independent study showing Chicago ride hail drivers' strong earnings 'a real positive for the city and the South Side'
By Southland Marquee report | May 30, 2023
According to independent study key findings recently published by the City of Chicago's Department of Business Affairs and Consumer Protection (BACP), ride hail drivers’ earnings in the City are very strong, namely those of TNPs such as Uber and Lyft.
Deputy Mayor Mayekar: 'The scale of this investment is completely unprecedented'
By Southland Marquee report | May 8, 2023
The city has awarded a $54 million grant distribution to 133 recipients in Chicago, and numerous businesses on the South Side were selected.