NEWS: CHICAGO TRIBUNE BUSINESS NEWS
Setup News Ticker
   NEWS: CHICAGO TRIBUNE BUSINESS NEWS
Chicago Tribune Business News
Jan 18, 2019

Feds move to take over Sears pension plans, will cover ‘vast majority' of benefits for retailer's 90,000 retirees
A federal agency is preparing to take responsibility for Sears' pension plans, which cover more than 90,000 people.

The Pension Benefit Guaranty Corp. said in a new release Friday that it believes Hoffman Estates-based Sears Holdings Corp.'s "continuation of the plans is no longer possible" after...



Chicago Tribune Business News
Jan 18, 2019

Feds move to take over Sears' pension plans covering 90,000 retirees
A federal agency is preparing to take responsibility for Sears' pension plans, which cover more than 90,000 people.

The Pension Benefit Guaranty Corp. said in a new release Friday that it believes Hoffman Estates-based Sears Holdings Corp.'s "continuation of the plans is no longer possible" after...



Chicago Tribune Business News
Jan 18, 2019

Federal agency moves to take over Sears' pension plans covering 90,000 retirees
A federal agency is preparing to take responsibility for Sears' pension plans, which cover more than 90,000 people.

The Pension Benefit Guaranty Corp. said in a new release Friday that it believes Hoffman Estates-based Sears Holdings Corp.'s "continuation of the plans is no longer possible."

The...



Chicago Tribune Business News
Jan 17, 2019

Sears creditors object to Chairman Edward Lampert's successful $5.2 billion bid to keep chain open
Sears Holdings Corp. confirmed Thursday that Chairman Edward Lampert won a bankruptcy auction with a $5.2 billion proposal to keep the retailer in business and preserve 45,000 jobs.

The bid includes "substantially all" of the Hoffman Estates-based retailer's assets, including the remaining Sears...



Chicago Tribune Business News
Jan 17, 2019

Sears complex, once a symbol of suburban economic might, shows need to rethink the 'burbs
It was a big deal in 1992 when Sears Roebuck & Co.'s merchandise group shifted its operations from Sears Tower, then the world's tallest office building, to a windswept cluster of low-slung buildings 35 miles from its namesake skyscraper.

Sears' move to northwest suburban Hoffman Estates symbolized...



Chicago Tribune Business News
Jan 17, 2019

O'Hare design process smells of backroom deals. The public deserves to know who's evaluating the plans.
The five competing designs for the massive expansion of O'Hare International Airport are an impressive group and I will be assessing their merits shortly. But this much can be said now: These plans promise to give us buildings that will be more transparent than how Chicago intends to select the...



Chicago Tribune Business News
Jan 17, 2019

From restaurant cuisine to PB&J: Lettuce Entertain You teams up with with nut-butter-and-jam packaged food startup
In its first foray into packaged foods, Chicago-based restaurant group Lettuce Entertain You Enterprises is partnering with a snack startup that sells nut-butter-and-jam packs to the nutrition-conscious crowd.

Split Nutrition, launched last year, was co-founded by two longtime Lettuce Entertain...



Chicago Tribune Business News
Jan 17, 2019

Here are the 5 ideas being proposed for O'Hare's massive expansion
Chicago officials on Thursday will unveil five striking designs for a massive expansion of O'Hare International Airport, many with swooping roofs and some with quirky features like hammocks where travelers could take a nap before flights.

The proposals from top architects for the $8.5 billion expansion,...



Chicago Tribune Business News
Jan 17, 2019

The boss is retiring. The kids don't want to take over. Family-owned manufacturers confront a succession ‘crisis'
Terry Iverson, president and CEO of the manufacturing firm his grandfather founded 88 years ago, loses sleep worrying what will come of the business once he decides to retire.

His kids aren't interested in taking the reins at Iverson & Co. in Des Plaines, which sells and services machine tools....



Chicago Tribune Business News
Jan 16, 2019

Sears survives bankruptcy auction with bid from former CEO, but doubts about its future remain
Sears Chairman Edward Lampert appears to have pulled off his bid to rescue the bankrupt retailer from liquidation.

It's good news for employees at the stores that could remain in business and for still-loyal shoppers. But it remains to be seen whether the retailer's latest lifeline from its former...



Chicago Tribune Business News
Jan 16, 2019

Sears auction: Lampert's win keeps retailer going for now, but ‘a real uphill battle' ahead
Sears Chairman Edward Lampert has won a bankruptcy auction for the company with a plan that will keep the retailer in business and potentially save tens of thousands of jobs, according to a person familiar with the matter.

The bid from Lampert's hedge fund, ESL Investments, beat competing proposals...



Chicago Tribune Business News
Jan 16, 2019

Sears bankruptcy auction: Lampert's win keeps retailer going for now, but ‘a real uphill battle' ahead
Sears Chairman Edward Lampert has won a bankruptcy auction for the company with a plan that will keep the retailer in business and potentially save tens of thousands of jobs, according to a person familiar with the matter.

The bid from Lampert's hedge fund, ESL Investments, beat competing proposals...



Chicago Tribune Business News
Jan 16, 2019

Lampert's auction win keeps Sears going for now, but ‘a real uphill battle' ahead
Sears Chairman Edward Lampert has won a bankruptcy auction for the company with a plan that will keep the retailer in business and potentially save tens of thousands of jobs, according to a person familiar with the matter.

The bid from Lampert's hedge fund, ESL Investments, beat competing proposals...



Chicago Tribune Business News
Jan 16, 2019

Sears stays in business: Chairman Edward Lampert wins bankruptcy auction, staving off liquidation
Sears Chairman Edward Lampert has won a bankruptcy auction for the company with a plan that will keep the retailer in business and potentially save tens of thousands of jobs, according to a person familiar with the matter.

The bid from Lampert's hedge fund, ESL Investments, beat competing proposals...



Chicago Tribune Business News
Jan 16, 2019

Sears stays in business: Edward Lampert's hedge fund wins bankruptcy auction, saving retailer from liquidation
Sears Chairman Edward Lampert won a bankruptcy auction for the company with a plan that will keep the bankrupt retailer in business and seek to save tens of thousands of jobs, according to a person with knowledge of the discussions.

Lampert's bid prevailed over competing proposals from liquidators...



Chicago Tribune Business News
Jan 15, 2019

RxBar recalls a dozen protein bar varieties due to hidden peanuts
RxBar is recalling more than a dozen of its protein bar flavors that may pose a threat to consumers with peanut allergies.

The Chicago-based company announced Tuesday that there may be undeclared peanuts in the following varieties with "best by" dates ranging between Jan. 14, 2019 and Oct. 19,...



Chicago Tribune Business News
Jan 15, 2019

Sears auction stretches to 2nd day: Lampert puts up enhanced bid, sources say
Sears Chairman Edward Lampert presented a new bid for the company on Tuesday that included some concessions as talks to save the bankrupt retailer from liquidation continue, according to people with knowledge of the discussions.

The new offer includes terms that are more favorable to the department...



Chicago Tribune Business News
Jan 15, 2019

Sears update: Lampert puts up enhanced bid, sources say, as auction stretches to 2nd day
Sears Chairman Edward Lampert presented a new bid for the company on Tuesday that included some concessions as talks to save the bankrupt retailer from liquidation continue, according to people with knowledge of the discussions.

The new offer includes terms that are more favorable to the department...



Chicago Tribune Business News
Jan 15, 2019

Free lunches, museum tickets, temp jobs: Chicago businesses step up to help furloughed federal workers
With no end in sight to the longest federal government shutdown in U.S. history, Chicago companies are coming forward to offer furloughed workers everything from free lunches and museum tickets to temporary jobs.

It won't pay the rent, but benefactors are hoping a pulled pork sandwich or an afternoon...



Chicago Tribune Business News
Jan 15, 2019

From free lunches to museum tickets, here's how Chicago businesses are helping furloughed federal workers
With no end in sight to the longest federal government shutdown in U.S. history, Chicago companies are stepping up to offer furloughed workers everything from free lunches and museum tickets to temporary jobs.

It won't pay the rent, but benefactors are hoping a pulled pork sandwich or an afternoon...



Chicago Tribune Business News
Jan 15, 2019

Chicago businesses step up to help furloughed federal workers, offering food, temp jobs
With no end in sight to the longest federal government shutdown in U.S. history, Chicago companies are coming forward to offer furloughed workers everything from free lunches and museum tickets to temporary jobs.

It won't pay the rent, but benefactors are hoping a pulled pork sandwich or an afternoon...



Chicago Tribune Business News
Jan 15, 2019

Budget carrier Wow Air stops flights to Chicago
Icelandic budget carrier Wow Air will stop flights to Chicago less than two years after first landing in the city with Iceland-bound flights starting at $99.99.

By summer, Wow Air will fly to just four U.S. cities: Baltimore, Boston, Detroit and Newark, airline spokeswoman Anna Romano said in an...



Chicago Tribune Business News
Jan 15, 2019

Sears is said to extend talks on Lampert's plan to rescue chain
Talks on the latest Sears takeover bid from Chairman Edward Lampert continued late into Monday evening as stakeholders tried to reach an agreement on whether Sears Holdings Corp. should live on.

Negotiators initially didn't embrace Lampert's revised rescue plan for the bankrupt retailer, but they...



Chicago Tribune Business News
Jan 14, 2019

Prescribed opioids but want to try medical marijuana instead? A new Illinois program will let you. Here's how.
Mission South Shore medical marijuana dispensary is experiencing a growth spurt. It expanded its parking lot, tripling the number of spaces, and in the past six months has tripled the size of its workforce.

It's not done yet, said Rick Armstrong, general manager of the dispensary in the South Chicago...



Chicago Tribune Business News
Jan 14, 2019

A pea-sized device to fix heart defects in preemies just won FDA approval. One mom says it already saved her daughter's life.
The Food and Drug Administration has approved the world's first device to treat premature babies with a life-threatening heart defect, without major surgery.

The device, which is smaller than a pea and made by north suburban-based Abbott Laboratories, can be implanted in babies weighing as little...



Chicago Tribune Business News
Jan 14, 2019

Abbott gets FDA approval for first device to treat heart defect in premature babies
The Food and Drug Administration has approved the world's first device to treat premature babies with a life-threatening heart defect, without major surgery.

The device, which is smaller than a pea and made by north suburban-based Abbott Laboratories, can be implanted in babies weighing as little...



Chicago Tribune Business News
Jan 14, 2019

World's first device for premature babies with heart defect, made by Abbott, gains FDA approval
The Food and Drug Administration has approved the world's first device to treat premature babies with a life-threatening heart defect, without major surgery.

The device, which is smaller than a pea and made by north suburban-based Abbott Laboratories, can be implanted in babies weighing as little...



Chicago Tribune Business News
Jan 14, 2019

A flood of new streaming competitors challenge Netflix for online TV binge viewers
Streaming TV is going from a trickle to a flood, with more content, competitors and binge-watching viewers expected in 2019.

Entertainment giants Disney and WarnerMedia are among the major players set to launch new streaming services in the new year, leveraging their enormous TV and movie libraries...



Chicago Tribune Business News
Jan 14, 2019

Netflix can't chill: It will face a flood of new streaming competitors this year
Streaming TV is going from a trickle to a flood, with more content, competitors and binge-watching viewers expected in 2019.

Entertainment giants Disney and WarnerMedia are among the major players set to launch new streaming services in the new year, leveraging their enormous TV and movie libraries...



Chicago Tribune Business News
Jan 13, 2019

More parks and streets in latest round of changes for Lincoln Yards plan
The developer proposing the massive Lincoln Yards project has released new drawings of the controversial plan, showing more parks and streets in place of a soccer stadium and an entertainment district rejected by the local alderman.

The drawings, made public Saturday on developer Sterling Bay's...



Chicago Tribune Business News
Jan 11, 2019

Chicago could get 3 inches of snow Saturday. Here's what to do if you don't want to shovel.
LouAnne Ooton's 86-year-old mother lives up on a hill in West Chicago. There's a winding sidewalk that leads to a substantial driveway, all of which becomes treacherous when the snow falls.

Ooton and her husband live nearby and used to shovel the snow. But now her husband is recovering from a heart...



Chicago Tribune Business News
Jan 11, 2019

Chicago could get snow accumulation Saturday. Here's what to do if you don't want to shovel.
LouAnne Ooton's 86-year-old mother lives up on a hill in West Chicago. There's a winding sidewalk that leads to a substantial driveway, all of which becomes treacherous when the snow falls.

Ooton and her husband live nearby and used to shovel the snow. But now her husband is recovering from a heart...



Chicago Tribune Business News
Jan 11, 2019

Chicago is in the thick of snow season. Here's what to do if you don't want to shovel.
LouAnne Ooton's 86-year-old mother lives up on a hill in West Chicago. There's a winding sidewalk that leads to a substantial driveway, all of which becomes treacherous when the snow falls.

Ooton and her husband live nearby and used to shovel the snow. But now her husband is recovering from a heart...



Chicago Tribune Business News
Jan 11, 2019

Sears' fate is on the line in Monday's bankruptcy auction. Here's what you need to know.
In its 126-year history, Sears grew to become the country's biggest retailer and outlasted Chicago competitors like Carson Pirie Scott, Montgomery Ward and Wieboldt's. Its future now hinges on a bankruptcy auction scheduled to start Monday.

Edward Lampert, chairman and former CEO of Hoffman Estates-based...



Chicago Tribune Business News
Jan 11, 2019

Sears' fate is on the line in the bankruptcy auction. Here's what you need to know.
In its 126-year history, Sears grew to become the country's biggest retailer and outlasted Chicago competitors like Carson Pirie Scott, Montgomery Ward and Wieboldt's. Its future now hinges on a bankruptcy auction scheduled to start Monday.

Edward Lampert, chairman and former CEO of Hoffman Estates-based...



Chicago Tribune Business News
Jan 11, 2019

Sears' fate is on the line in today's bankruptcy auction. Here's what you need to know.
In its 126-year history, Sears grew to become the country's biggest retailer and outlasted Chicago competitors like Carson Pirie Scott, Montgomery Ward and Wieboldt's. Its future now hinges on a bankruptcy auction scheduled to start Monday.

Edward Lampert, chairman and former CEO of Hoffman Estates-based...



Chicago Tribune Business News
Jan 10, 2019

Lifeline or liquidation? Bankrupt Sears weighs chairman's $5 billion rescue bid.
Sears Chairman Edward Lampert has raised his bid to buy the bankrupt retailer's assets, submitting a proposal that could top $5 billion.

The new proposal would see Lampert's hedge fund, ESL Investments, take on up to $663 million in additional liabilities in an effort to strengthen its offer before...



Chicago Tribune Business News
Jan 10, 2019

Craftsman tools, Allstate, WLS-AM, Sears Tower (oops, Willis): Whatever happens, Sears' legacy will endure
For more than century, Sears has been a Chicago business icon and the place where America shopped, evolving from a mail order catalog to a department store chain anchoring malls across the country.

Now facing the possibility of liquidation — a bankruptcy judge is expected to decide the retailer's...



Chicago Tribune Business News
Jan 10, 2019

Sears' catalog is gone, the tower is renamed, but here are 7 ways the retailer's legacy lives on — no matter what happens
For more than century, Sears has been a Chicago business icon and the place where America shopped, evolving from a mail order catalog to a department store chain anchoring malls across the country.

Now facing the possibility of liquidation — a bankruptcy judge is expected to decide the retailer's...



Chicago Tribune Business News
Jan 10, 2019

To Chicago, it will always be Sears Tower. Allstate, Craftsman, WLS-AM — retailer's legacy lives on, whatever happens.
For more than century, Sears has been a Chicago business icon and the place where America shopped, evolving from a mail order catalog to a department store chain anchoring malls across the country.

Now facing the possibility of liquidation — a bankruptcy judge is expected to decide the retailer's...



Chicago Tribune Business News
Jan 10, 2019

To Chicago, it will always be Sears Tower: Retailer's legacy lives on, no matter what happens
For more than century, Sears has been a Chicago business icon and the place where America shopped, evolving from a mail order catalog to a department store chain anchoring malls across the country.

Now facing the possibility of liquidation — a bankruptcy judge is expected to decide the retailer's...



Chicago Tribune Business News
Jan 10, 2019

Whatever happens, Sears' legacy will endure, in everything from Sears (oops, Willis) Tower to WLS-AM
For more than century, Sears has been a Chicago business icon and the place where America shopped, evolving from a mail order catalog to a department store chain anchoring malls across the country.

Now facing the possibility of liquidation — a bankruptcy judge is expected to decide the retailer's...



Chicago Tribune Business News
Jan 10, 2019

Whether or not bid to save Sears succeeds, retailer's legacy lives on in buildings, businesses and brands
For more than century, Sears has been a Chicago business icon and the place where America shopped, evolving from a mail order catalog to a department store chain anchoring malls across the country.

Now facing the possibility of liquidation — a bankruptcy judge is expected to decide the retailer's...



Chicago Tribune Business News
Jan 10, 2019

With alderman apparently aboard, the Rahm Express is about to run over good planning at Lincoln Yards
The massive Lincoln Yards proposal is clearly in a state of tumult after Ald. Brian Hopkins rejected its planned soccer stadium and entertainment district.

And yet, we learned Wednesday, Lincoln Yards is scheduled — in just two weeks! — for an almost sure thumbs-up vote at the Chicago Plan Commission.

...

Chicago Tribune Business News
Jan 10, 2019

Facing liquidation, Sears gets $5 billion rescue bid from chairman
Sears Chairman Edward Lampert raised his bid to buy the bankrupt retailer's assets, submitting a proposal that could top $5 billion.

After several days of "virtually round-the-clock negotiations," Hoffman Estates-based Sears Holdings Corp. agreed to consider a revised bid from Lampert along with...



Chicago Tribune Business News
Jan 10, 2019

To battle drug shortages, Advocate, other hospitals create their own drug company
Advocate Aurora Health, one of the largest hospital systems in the Chicago area, has teamed up with a large group of hospitals intent on battling shortages of generic drugs and bringing down the cost of those medications by making their own.

If the venture is successful, the hospitals could pay...



Chicago Tribune Business News
Jan 10, 2019

Fed up with drug shortages, high prices, Advocate and other hospitals create not-for-profit drug company
Advocate Aurora Health, one of the largest hospital systems in the Chicago area, has teamed up with a large group of hospitals intent on battling shortages of generic drugs and bringing down the cost of those medications by making their own.

If the venture is successful, the hospitals could pay...



Chicago Tribune Business News
Jan 10, 2019

Fed up with high prices, drug shortages, Advocate and other hospitals create not-for-profit drug company
Advocate Aurora Health, one of the largest hospital systems in the Chicago area, has teamed up with a large group of hospitals intent on battling shortages of generic drugs and bringing down the cost of those medications by making their own.

If the venture is successful, the hospitals could pay...



Chicago Tribune Business News
Jan 09, 2019

Redrawn Lincoln Yards plans slated to go to Plan Commission in just weeks, without another public meeting
A day after confirming it will scrap plans for a 20,000-seat soccer stadium and Live Nation Entertainment music venues in the proposed Lincoln Yards development, Sterling Bay on Wednesday said it expects to present revised plans to the Chicago Plan Commission in just over two weeks.

Ald. Brian...



Chicago Tribune Business News
Jan 09, 2019

Regional planning agency to become third office tenant at redeveloped Old Post Office
Chicago's regional planning agency is mapping out its future in a building from the city's past.

The Chicago Metropolitan Agency for Planning said it will move its offices to 47,000 square feet of space in the former old main post office building in summer 2020.

CMAP signed a 15-year lease in the...



Chicago Tribune Business News
Jan 09, 2019

This could be the year of the megadevelopment. These 6 sites could alter Chicago's skyline forever.
Almost a decade into a real estate development boom, commercial property owners face some obstacles that could derail this year's momentum.

Nationally, there are signs of economic uncertainty, including a wobbly stock market.

Locally there also is political uncertainty, with Chicago Mayor Rahm...



Chicago Tribune Business News
Jan 09, 2019

Will 2019 be the year of the megadevelopment? Keep an eye on these sites.
Almost a decade into a real estate development boom, commercial property owners face some obstacles that could derail this year's momentum.

Nationally, there are signs of economic uncertainty, including a wobbly stock market.

Locally there also is political uncertainty, with Chicago Mayor Rahm...



Chicago Tribune Business News
Jan 08, 2019

Lincoln Yards plan will scrap 20,000-seat stadium, Live Nation entertainment district
One of the most ambitious real estate projects ever planned on Chicago's North Side is about to undergo sweeping changes after developer Sterling Bay on Tuesday confirmed Lincoln Yards no longer will include a 20,000-seat stadium for a soccer team owned by Cubs owner Tom Ricketts and an entertainment...



Chicago Tribune Business News
Jan 08, 2019

Hopkins' bold Lincoln Yards move: A good first step, but it's more axe than scalpel
Ald. Brian Hopkins's bold move to reject two major features of the proposed Lincoln Yards development marks an important first step in the fight to prevent the city's North Side from being overwhelmed by big, bland, could-be-anywhere growth. But it is simply that — a first step.

The decision, announced...



Chicago Tribune Business News
Jan 08, 2019

Hopkins' bold Lincoln Yards move: More axe than scalpel
Ald. Brian Hopkins's bold move to reject two major features of the proposed Lincoln Yards development — a 20,000-seat stadium for a soccer team controlled by Cubs owner Tom Ricketts and an entertainment district operated by the big concert promoter Live Nation — is a victory for those who warned...



Chicago Tribune Business News
Jan 08, 2019

Sears gets more time: Chairman Edward Lampert's bid to save retailer still in the running
Sears Chairman Edward Lampert's push to save the bankrupt retailer still has a shot to succeed.

Sears agreed to consider a revised bid from Lampert along with other bids during a bankruptcy auction Monday, Ray Schrock, an attorney for Sears Holdings Corp., told Bankruptcy Judge Robert Drain on...



Chicago Tribune Business News
Jan 08, 2019

Lincoln Yards plan will scrap 20,000-seat stadium, Live Nation entertainment district, alderman says
A 20,000-seat stadium for a soccer team owned by Cubs owner Tom Ricketts and an entertainment district with venues run by Live Nation Entertainment will be scrapped from the proposed $5 billion-plus Lincoln Yards development, a North Side alderman announced Tuesday.

Ald. Brian Hopkins, 2nd, who...



Chicago Tribune Business News
Jan 08, 2019

Sears: More Tribune coverage of the iconic retailer
Sears, which began as a mail-order operation and opened its first store in Chicago in 1925, was once the world's largest retailer. The company bought America everything from DieHard batteries and Kenmore appliances to ToughSkins jeans, Allstate insurance and Discover credit cards. For decades its...



Chicago Tribune Business News
Jan 08, 2019

Analysis: Sears Chairman Edward Lampert may have kept himself from winning bid
Sears Chairman Edward Lampert may have himself to blame for the rejection of his bid to take over the bankrupt retailer.

Lampert wanted his payment for parts of Sears Holdings Corp. to include the conversion to equity of $1.3 billion in debt that his hedge fund extended to the retailer.

Those loans,...



Chicago Tribune Business News
Jan 07, 2019

Oreo-maker Mondelez to move headquarters and 400 jobs to Chicago, leaving Deerfield
Mondelez International, maker of Oreo, Ritz, Triscuits and other brands, plans to move its global headquarters from Deerfield to Chicago's booming Fulton Market neighborhood.

The snack maker will move 400 employees into a five-story office building under construction at 905 W. Fulton Market, in...



Chicago Tribune Business News
Jan 07, 2019

Alderman expected to reject 20,000-seat soccer stadium proposal on North Side
A planned 20,000-seat stadium for a new Chicago soccer franchise owned by Chicago Cubs owner Tom Ricketts appears to be on life support, in a setback for the planned Lincoln Yards mixed-use development on the city's North Side.

Ald. Brian Hopkins, 2nd, whose ward includes Sterling Bay's planned...



Chicago Tribune Business News
Jan 07, 2019

Concerns grow about impact of shutdown on airport safety; Duckworth to talk at O'Hare
The security lines at O'Hare International Airport have been normal in recent days, airport officials say, despite reports that Transportation Security Administration workers have been calling in sick in greater numbers because of the government shutdown.

However, U.S. pilots have expressed concerns...



Chicago Tribune Business News
Jan 07, 2019

Concerns grow about impact of shutdown on airport safety; Duckworth warns of long lines to come
The security lines at O'Hare International Airport have been normal in recent days, airport officials say, despite reports that Transportation Security Administration workers have been calling in sick in greater numbers because of the government shutdown.

However, U.S. pilots have expressed concerns...



Chicago Tribune Business News
Jan 07, 2019

Chicago-based Grubhub has come to Rockford, pop. 147,000, as the on-demand economy transforms America
As a recent gray day in Rockford turned to night, Grubhub delivery driver Robert Wold's phone chimed. Orders were coming in, one right after the other.

It was the kind of early December evening that wasn't inviting for a night out. Snow lingered on the ground from a storm the previous week, and...



Chicago Tribune Business News
Jan 07, 2019

How Chicago-based Grubhub is expanding to cities where on-demand services are still a relative novelty.
As a recent gray day in Rockford turned to night, Grubhub delivery driver Robert Wold's phone chimed. Orders were coming in, one right after the other.

It was the kind of early December evening that wasn't inviting for a night out. Snow lingered on the ground from a storm the previous week, and...



Chicago Tribune Business News
Jan 07, 2019

Northwestern Medicine opens urologic institute with $10 million gift
Northwestern Medicine patients with urologic conditions, such as prostate or kidney cancer, will be able to see their doctors in one location, from diagnosis to recovery, with the opening of a new urologic institute Monday in Chicago's Gold Coast neighborhood.

The new Polsky Urologic Cancer Institute...



Chicago Tribune Business News
Jan 07, 2019

The on-demand economy isn't just for big cities anymore. Grubhub expanded to 200 cities in 2018, including Rockford
As a recent gray day in Rockford turned to night, Grubhub delivery driver Robert Wold's phone chimed. Orders were coming in, one right after the other.

It was the kind of early December evening that wasn't inviting for a night out. Snow lingered on the ground from a storm the previous week, and...



Chicago Tribune Business News
Jan 06, 2019

Sears prepares for possible liquidation as Chairman Edward Lampert's bid fails
Sears Holdings Corp. is preparing to potentially wind down the iconic retailer after Chairman Edward Lampert's bid to buy several hundred stores out of bankruptcy fell short of bankers' qualifications, people with knowledge of the matter said.

The retailer started laying the groundwork for a liquidation...



Chicago Tribune Business News
Jan 05, 2019

Survival of Sears hangs by a thread as ruling on bid for bankrupt retailer is delayed
Eddie Lampert is struggling to convince bankers for Sears Holdings Corp. that his bid to keep the retailer alive is adequate. But he'll have a little more time to try.

The hedge-fund manager came up short Friday in meeting Sears' conditions for what it considers a qualified bid to rescue the department-store...



Chicago Tribune Business News
Jan 04, 2019

The Bears' Tarik Cohen, Khalil Mack and Mitch Trubisky aren't household names, but postseason could make them pitchmen
When Chicago Bears running backs Tarik Cohen and Benny Cunningham went undercover last month in a filmed promotional stunt as baggers at a Jewel-Osco store in Gurnee, many customers had no idea who they were.

That's about to change.

It may not be "The Super Bowl Shuffle" redux, but young and talented...



Chicago Tribune Business News
Jan 04, 2019

This year's Bears ready for Super Bowl and advertising success — 'If people don't use them for endorsements, they're crazy,' says Ditka
When Chicago Bears running backs Tarik Cohen and Benny Cunningham went undercover last month in a filmed promotional stunt as baggers at a Jewel-Osco store in Gurnee, many customers had no idea who they were.

That's about to change.

It may not be "The Super Bowl Shuffle" redux, but young and talented...



Chicago Tribune Business News
Jan 04, 2019

No 'Super Bowl Shuffle,' but Bears players may see endorsement payoff with playoff run
When Chicago Bears running backs Tarik Cohen and Benny Cunningham went undercover last month in a filmed promotional stunt as baggers at a Jewel-Osco store in Gurnee, many customers had no idea who they were.

That's about to change.

It may not be "The Super Bowl Shuffle" redux, but young and talented...



Chicago Tribune Business News
Jan 04, 2019

Today is Judgment Day for last-ditch Sears rescue plan
Edward Lampert has filled in the blanks on his $4.4 billion rescue bid for Sears, but a couple of key numbers were still missing less than a day before a key court deadline: How much did the liquidators offer?

Two bids from breakup firms have been submitted, and if either one tops Lampert, Sears...



Chicago Tribune Business News
Jan 03, 2019

Water Tower Place cracks down on teens with 4 p.m. Friday and Saturday curfew
Water Tower Place will begin enforcing a curfew on Friday in an effort to crack down on disruptive behavior by unsupervised teens.

Starting at 4 p.m. on Fridays and Saturdays, trained public safety officers will card visitors at the Magnificent Mile shopping center's entrances, mall owner Brookfield...



Chicago Tribune Business News
Jan 03, 2019

Water Tower Place cracks down on minors with 4 p.m. Friday and Saturday curfew
Water Tower Place will begin enforcing a curfew on Friday in an effort to crack down on disruptive behavior by unsupervised teens.

Starting at 4 p.m. on Fridays and Saturdays, trained public safety officers will card visitors at the Magnificent Mile shopping center's entrances, mall owner Brookfield...



Chicago Tribune Business News
Jan 03, 2019

You can buy anything online, yet many e-retailers are opening stores in Chicago. Here's why.
Four days before Christmas, athletic apparel retailer Outdoor Voices opened a store in Chicago's Ranch Triangle neighborhood. It should feel at home among neighbors like Bonobos, Warby Parker and Marine Layer.

All are within a block of one another, and all began as online retailers before opening...



Chicago Tribune Business News
Jan 03, 2019

Online retailers like Allbirds, Warby Parker and Bonobos are opening bricks-and-mortar stores, often in the same Chicago area
Four days before Christmas, athletic apparel retailer Outdoor Voices opened a store in Chicago's Ranch Triangle neighborhood. It should feel at home among neighbors like Bonobos, Warby Parker and Marine Layer.

All are within a block of one another, and all began as online retailers before opening...



Chicago Tribune Business News
Jan 03, 2019

Online retailers Warby Parker, Allbirds, Parachute and Bonobos all set up shop in the same Chicago neighborhood. Here's why.
Four days before Christmas, athletic apparel retailer Outdoor Voices opened a store in Chicago's Ranch Triangle neighborhood. It should feel at home among neighbors like Bonobos, Warby Parker and Marine Layer.

All are within a block of one another, and all began as online retailers before opening...



Chicago Tribune Business News
Jan 03, 2019

More online retailers are opening bricks-and-mortar stores — and many are choosing Chicago
Four days before Christmas, athletic apparel retailer Outdoor Voices opened a store in Chicago's Ranch Triangle neighborhood. It should feel at home among neighbors like Bonobos, Warby Parker and Marine Layer.

All are within a block of one another, and all began as online retailers before opening...



Chicago Tribune Business News
Jan 03, 2019

Amid the 'retail apocalypse,' online brands like Outdoor Voices, AdoreMe and Parachute are planning hundreds of stores. Here's why.
Four days before Christmas, athletic apparel retailer Outdoor Voices opened a store in Chicago's Ranch Triangle neighborhood. It should feel at home among neighbors like Bonobos, Warby Parker and Marine Layer.

All are within a block of one another, and all began as online retailers before opening...



Chicago Tribune Business News
Jan 03, 2019

As baby boomers age, 'we are in for a death boom.' Grief expert urges support for mourning workers.
Bobbi and Daniel Manka were settling into bed after a night out dancing when Daniel stood up, clutched his chest and gasped, "911."

Just like that, Bobbi Manka lost her husband of 44 years and gained "a hole in my heart that will never be replaced."

But she has found comfort where she didn't know...



Chicago Tribune Business News
Jan 03, 2019

Bricks-and-mortar retail is dead? Don't tell hot online brands rushing to open stores, often in Chicago.
Four days before Christmas, athletic apparel retailer Outdoor Voices opened a store in Chicago's Ranch Triangle neighborhood. It should feel at home among neighbors like Bonobos, Warby Parker and Marine Layer.

All are within a block of one another, and all began as online retailers before opening...



Chicago Tribune Business News
Jan 02, 2019

'They've been heroes': The Uptown Theatre's guardians fended off fires, rainwater, rodents, vandals, thieves and squatters
A 37-year intermission has not been kind to the Uptown Theatre.

Fires, cascading rainwater, sheets of ice, broken pipes, frozen boilers, rodents, crumbling plaster, financial distress, vandals, thieves and squatters have all taken their shots since the last concert there.

Yet the 4,381-seat theater,...



Chicago Tribune Business News
Jan 02, 2019

Fires, rainwater, rodents, vandals, thieves and squatters: How a few guardians fended off many threats to Uptown Theatre
A 37-year intermission has not been kind to the Uptown Theatre.

Fires, cascading rainwater, sheets of ice, broken pipes, frozen boilers, rodents, crumbling plaster, financial distress, vandals, thieves and squatters have all taken their shots since the last concert there.

Yet the 4,381-seat theater,...



Chicago Tribune Business News
Jan 02, 2019

Sears Chairman Edward Lampert could find out by Friday if his $4.4 billion bid to keep retailer in business is viable
Sears Chairman Edward Lampert pulled together financing for proposal that could keep the bankrupt retailer in business, but there's a deadline.

Lampert's hedge fund, ESL Investments, said it's prepared to pay $4.4 billion for many of the retailer's remaining assets, including about 425 Sears and...



Chicago Tribune Business News
Jan 02, 2019

These 10 people could change Chicago's business world in 2019
Whether they'll be battling economic inequality, attempting to salvage the vestiges of an American retail icon, or investing in the burgeoning marketplace for legal marijuana, these Chicago business leaders have quite a year ahead of them.

Michael Carrigan, president of Illinois AFL-CIO. With a...



Chicago Tribune Business News
Dec 31, 2018

O'Hare 'people mover' will shut down completely until the fall
The "people mover" light rail system, which shuttles passengers around O'Hare International Airport, will shut down completely next week and not reopen until the fall of 2019, airport officials said.

The people mover, also known as the Automated Transportation Service or ATS, has not operated on...



Chicago Tribune Business News
Dec 28, 2018

Sears Chairman pieces together bid to acquire the bankrupt retailer
Sears Chairman Edward Lampert moved Friday to throw a lifeline to the bankrupt retailer even as the company announced plans to close 80 more stores, including two in Illinois.

Lampert's hedge fund said in a statement that it pulled together financing to submit a $4.4 billion bid for the retailer...



Chicago Tribune Business News
Dec 28, 2018

Sears Chairman seeks more time to finance his bid for the company
Sears Chairman Edward Lampert is seeking more time to finance a bid that would keep Sears Holdings in business, Bloomberg reported Friday. Even as Lampert reportedly worked on a plan to throw Sears a lifeline, the bankrupt retailer announced Friday that it will close 80 more stores, including two...



Chicago Tribune Business News
Dec 28, 2018

Sears to close 80 more stores as bankruptcy deadline nears
Sears is closing 80 more stores, including two in Illinois, as it nears a deadline that could determine whether the bankrupt retailer lands a lifeline to save its business or is forced to begin shutting down.

Hoffman Estates-based Sears Holdings Corp. said it notified workers at the closing Sears...



Chicago Tribune Business News
Dec 28, 2018

Column: The latest plan for the $5 billion-plus Lincoln Yards development doesn't measure up
The latest plan for the $5 billion-plus Lincoln Yards megadevelopment, which would transform 54.5 acres of former industrial land along the Chicago River, doesn't measure up.

The project would be dramatically out of scale with its surroundings, piercing the delicate urban fabric of the city's North...



Chicago Tribune Business News
Dec 28, 2018

Do you have dense breast tissue? New Illinois law will require doctors to tell you after mammograms.
About half of all women have dense breast tissue — which can hide cancer on mammograms and is associated with a higher risk of the disease — but many Illinois women with the trait might not know it.

That, however, is about to change.

Starting in January, a new state law will require doctors to...



Chicago Tribune Business News
Dec 27, 2018

Popular Logan Square restaurant to add 4% surcharge to bill for staff health insurance, raises
After six successful years in business, Logan Square hot spot Fat Rice is taking a calculated risk: Starting next week, it will add a 4 percent surcharge to all customer checks to help pay for employee health insurance and boost the wages of kitchen staff.

Fat Rice's decision is the latest in a...



Chicago Tribune Business News
Dec 27, 2018

Would you pay more at a restaurant to help cover your server's health insurance? Logan Square's Fat Rice hopes so.
After six successful years in business, Logan Square hotspot Fat Rice is taking a calculated risk: Starting next week, it will add a 4 percent surcharge to all customer checks to help pay for employee health insurance and boost the wages of kitchen staff.

Fat Rice's decision is the latest in a...



Chicago Tribune Business News
Dec 27, 2018

You've dreamed of quitting the job you hate in a blaze of glory. Here's why you shouldn't.
If the end of the year has you reflecting on why you're still in a miserable job, here's some good news: There are lots of open positions out there.

And you have ample company if you decide to jump ship.

People are quitting their jobs at the highest rates in nearly 20 years, a sign that they are...



Chicago Tribune Business News
Dec 27, 2018

So you've decided to quit your job. Here's how to leave gracefully
Quitting your job can be traumatic, especially when you're conflicted about the decision. And who's to say you'll be happier somewhere else?

But if you feel yourself moving toward the door, take these quitting guidelines into consideration.

Know you're ready Lauren Milligan, career advancement...



Chicago Tribune Business News
Dec 26, 2018

Sears' bankruptcy, Carson's comeback, farewell to Hancock name: Chicago's top 10 business stories of 2018
It was the biggest Chicago news that didn't happen: Despite including Chicago on its short list, Amazon passed over the Windy City and said it would locate big office campuses in New York City and Northern Virginia.

Here's what did happen in 2018:

Sears files bankruptcy: Retail watchers said it...



Chicago Tribune Business News
Dec 26, 2018

While GM idles sedan production, Chicago-area Ford, Chrysler plants are going strong after shifting to SUVs
While GM is cutting 14,000 jobs and idling five factories amid sliding sedan sales, Chicago-area auto plants are hitting on all cylinders after shifting to SUV production.

Fiat Chrysler Automobiles' Belvidere Assembly Plant, near Rockford, switched over to the Jeep Cherokee last year. Ford's Chicago...



Chicago Tribune Business News
Dec 24, 2018

Stocks close sharply lower after Trump again attacks Federal Reserve
Stocks plunged Monday, with the Dow Jones Industrial Average falling 653 points following President Donald Trump's tweet attacking the Federal Reserve and its independence.

Treasury Secretary Steven Mnuchin's calls to the top executives at six major banks Sunday in an attempt to stabilize jittery...



Chicago Tribune Business News
Dec 20, 2018

Tummy tuck for the holidays? Many try to squeeze in elective surgeries at year's end
People aren't just shopping for toys, clothes and other gifts this time of year.

They're also buying new knees, getting breast augmentations and scheduling colonoscopies.

Each year, elective surgeries spike around the holidays in Chicago and across the nation. Many patients wait to schedule surgeries...



TRENDING TAGS
Trumpreport BuzzFeed Mueller Fox Lie
Chinatrade US-China Stocks progress Report
ShutdownGovernment Trump George W Bush
TradeUS-China hopes Stocks optimism higher
Stockstrade hopes US-China higher optimism
TeslaModel Jobs Cuts Workforce Cut
CEOMorgan will take salary until
JobsTesla Model Cuts Price Make
BusinessInsider rules Brexit tax Trump
fundworst year equity Hedge China-focused

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2019 CEOExpress Company LLC