How Can a Roth IRA Benefit Illinois Residents?

A Roth IRA is an individual retirement account that offers tax savings in the future, but not up front. While a traditional IRA is basically a tax-deferred account funded by an individual’s pre-tax dollars, Roth IRA funds are after-tax monetary contributions that are not subject to additional taxation when withdrawn during retirement. The Benefits of […]

Apple Cuts Deal to Purchase Fingerprint Reader AuthenTec Inc.

A recent Chicago Sun-Times article announced that I-Phone / I-Pad powerhouse Apple has brokered a deal to acquire Florida-based AuthenTec Inc. in order to shore up its capabilities in terms of digital security. As smartphones become more and more a part of daily life for many consumers, including for online purchases, consumers are likely to expect heightened […]

Chicago Sun-Times Purchases Chicago Reader

The Chicago Tribune reported recently that Wrapports, owner of the Chicago Sun-Times, has acquired the Chicago Reader, a deal which includes chicagoreader.com and straightdope.com, from New York-based hedge fund Atalaya Capital Management. While the terms of the business deal were not specifically disclosed, sources estimate that the purchase price was around $3 million. As some […]

MLS Team Files Breach of Contract Lawsuit in Chicago Court

Chicago’s Major League Soccer (MLS) team, the Chicago Fire, recently filed a breach of contract lawsuit in Cook County circuit court, asking for more than $35,000 in damages from a local youth soccer league. According to CBS Chicago, the two organizations entered into a licensing agreement in late 2009 that allowed the Chicago Fire Juniors, […]