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Chicago Tribune Business News
Nov 16, 2018

One of Chicago's strip clubs is going corporate
One of Chicago's most prominent strip clubs has gone corporate.

RCI Hospitality Holdings, a publicly traded Texas chain, purchased VIP's Gentlemen's Club in Chicago for $10.5 million this month, adding it to a growing portfolio of more than 40 upscale clubs across the U.S.

The Near North Side club,...



Chicago Tribune Business News
Nov 15, 2018

Nicor customers could pay more this winter and next due to cold weather, higher natural gas prices, requested rate increase
A forecast that combines colder-than-expected weather and a short supply of natural gas means Chicago-area utility bills may increase more sharply this winter than in recent years.

For millions of suburban residents, a requested $230 million delivery rate increase from Nicor Gas could mean even...



Chicago Tribune Business News
Nov 15, 2018

Wisconsin offered Foxconn more than 3 states combined offered Amazon
The bundle of financial incentives Wisconsin offered to lure Taiwanese technology giant Foxconn's first major U.S. plant is larger than what New York, Virginia and Tennessee collectively offered to Amazon for far more jobs, a comparison of the two development projects shows.

Foxconn has said its...



Chicago Tribune Business News
Nov 15, 2018

Wisconsin offered Foxconn more than Virginia and New York did for Amazon
The bundle of financial incentives Wisconsin offered to lure Taiwanese technology giant Foxconn's first major U.S. plant is larger than what New York, Virginia and Tennessee collectively offered to Amazon for far more jobs, a comparison of the two development projects shows.

Foxconn has said its...



Chicago Tribune Business News
Nov 15, 2018

How well do you want to know your turkey? Big food producers are getting in on the traceability trend.
Thanksgiving season at Kauffman Turkey Farms in Waterman, Ill., is either the best or worst time to visit, depending on how you stomach such things.

Hundreds of clucking turkeys patter about - nervously? - in an outdoor pen, their pink heads snapping to attention when a tractor rumbles in hauling...



Chicago Tribune Business News
Nov 15, 2018

45 million turkeys end up on Thanksgiving tables — now blockchain lets you learn about farms where birds came from
Thanksgiving season at Kauffman Turkey Farms in Waterman, Ill., is either the best or worst time to visit, depending on how you stomach such things.

Hundreds of clucking turkeys patter about - nervously? - in an outdoor pen, their pink heads snapping to attention when a tractor rumbles in hauling...



Chicago Tribune Business News
Nov 15, 2018

No boo-hoo over HQ2: Lessons learned from failed Amazon chase could help Chicago later
Chicago spent more than a year trying to land Amazon's so-called HQ2, a once-in-a-generation headquarters prize that carried with it the promise of 50,000 high-paying jobs. Instead, the Seattle-based company split its expansion between New York and northern Virginia, with a smaller operation going...



Chicago Tribune Business News
Nov 14, 2018

Colorado's governor has some advice for Illinois on legalizing recreational weed
When Colorado voted in 2012 to legalize recreational marijuana, Gov. John Hickenlooper was against it.

To do something no other state had, in opposition of federal law, was a daunting task. Fast-forward six years and his perspective has changed.

"The things we most feared — a peak in teenage consumption,...



Chicago Tribune Business News
Nov 14, 2018

PlayStation begins collecting amusement tax from Chicago users
PlayStation users in Chicago on Wednesday began paying a 9 percent tax on streaming content as the gaming company starts complying with a city levy.

The Sony-owned company joins other streaming services including Spotify, Netflix and Hulu in complying with the charge, which took effect three years...



Chicago Tribune Business News
Nov 14, 2018

Illinois backs off limits on which Medicaid patients can get costly but lifesaving hepatitis C drugs
After years of having one of the most restrictive policies in the nation, Illinois will now allow as many as 7,000 more people on Medicaid with hepatitis C to get medications that can cure the disease.

Previously, only the sickest people, who had later stages of liver scarring and could prove their...



Chicago Tribune Business News
Nov 14, 2018

As many as 7,000 Illinois Medicaid patients with hepatitis C gain new access to pricey — but lifesaving — drugs
After years of having one of the most restrictive policies in the nation, Illinois will now allow as many as 7,000 more people on Medicaid with hepatitis C to get medications that can cure the disease.

Previously, only the sickest people, who had later stages of liver scarring and could prove their...



Chicago Tribune Business News
Nov 14, 2018

Fuel costs may not send holiday fares sky-high on United and other airlines — but pay attention to bag fees
Despite recent headlines about unusually high jet fuel prices, travelers shouldn't necessarily expect sky-high airfares during the Thanksgiving and Christmas travel seasons. But watch out for those fees.

A record 30.6 million passengers are expected to fly on U.S. airlines during the 12-day Thanksgiving...



Chicago Tribune Business News
Nov 14, 2018

You and 30.6 million others will be flying for Thanksgiving. Airfares haven't soared, but watch out for airline fees.
Despite recent headlines about unusually high jet fuel prices, travelers shouldn't necessarily expect sky-high airfares during the Thanksgiving and Christmas travel seasons. But watch out for those fees.

A record 30.6 million passengers are expected to fly on U.S. airlines during the 12-day Thanksgiving...



Chicago Tribune Business News
Nov 14, 2018

Still haven't booked plane tickets for Thanksgiving or Christmas? Fares on par with last year — but watch those bag fees
Despite recent headlines about unusually high jet fuel prices, travelers shouldn't necessarily expect sky-high airfares during the Thanksgiving and Christmas travel seasons. But watch out for those fees.

A record 30.6 million passengers are expected to fly on U.S. airlines during the 12-day Thanksgiving...



Chicago Tribune Business News
Nov 14, 2018

Still haven't booked your holiday plane tickets? Fares on par with last year — but watch those bag fees
Despite recent headlines about unusually high jet fuel prices, travelers shouldn't necessarily expect sky-high airfares during the Thanksgiving and Christmas travel seasons. But watch out for those fees.

A record 30.6 million passengers are expected to fly on U.S. airlines during the 12-day Thanksgiving...



Chicago Tribune Business News
Nov 14, 2018

Macy's looks strong as Christmas shopping approaches
Macy's is heading into the crucial holiday season firing on all cylinders, logging its fourth consecutive quarter of sales growth at existing locations and getting strong reactions from customers both online and in its stores.

The company also upped its annual earnings expectations, sending shares...



Chicago Tribune Business News
Nov 14, 2018

Macy's looks strong ahead of the holiday season
Macy's is heading into the crucial holiday season firing on all cylinders, logging its fourth consecutive quarter of sales growth at existing locations and getting strong reactions from customers both online and in its stores.

The company also upped its annual earnings expectations, sending shares...



Chicago Tribune Business News
Nov 14, 2018

Big question for Amazon's two chosen cities: Will it pay off?
The awarding of Amazon's second headquarters to two affluent localities has fanned intense speculation around a key question: For the winning cities, will the economic payoff prove to be worth the cost?

Amazon's decision will bring to Arlington, Va., and the Long Island City section of New York...



Chicago Tribune Business News
Nov 14, 2018

'Worst toys' for the holidays: Safety group warns of choking hazards, eye risks
A Black Panther "slash claw" and a plastic Power Rangers sword are among the items topping a consumer safety group's annual list of worst toys for the holiday season.

Massachusetts-based World Against Toys Causing Harm, or W.A.T.C.H., unveiled its 46th annual list of the 10 "worst toys" Tuesday...



Chicago Tribune Business News
Nov 13, 2018

Some fear Amazon's arrival could deepen inequality in Washington, D.C., region
A Crystal City, Virginia, condo that had sat on the market suddenly shot up in price by $20,000. Realtors are fielding cold calls from out-of-state investors eager to snap up properties. "But only if Amazon comes to the area," one Midwestern woman said.

Anticipation that the online retail giant...



Chicago Tribune Business News
Nov 13, 2018

Hear Amazon's virtual assistant Alexa apologize to Chicago: 'Sorry about the HQ2 rejection.'
"Hello, Chicago. Sorry about the HQ2 rejection, but if it's any consolation you were the Second City we chose. Get it?"

That's Amazon's virtual assistant Alexa talking, apologizing for the company's decision to put its highly sought-after second headquarters elsewhere. The e-commerce giant said...



Chicago Tribune Business News
Nov 13, 2018

'Massive corporate welfare': Amazon faces backlash over HQ2 decision, process
The drawn-out theater of Amazon's decision Tuesday to split its second headquarters between New York's Long Island City and suburban Virginia's Crystal City was met with a maelstrom of criticism from some local officials and professionals.

While Amazon has touted the prosperity the headquarters...



Chicago Tribune Business News
Nov 13, 2018

A cactus, graffiti, wacky reviews and thousands of sandwiches: How cities tried to lure Amazon
The guessing game is over: Amazon.com plans to open new corporate outposts in northern Virginia and New York, two already-crowded metropolitan areas that are likely to become even less affordable with a new influx of tech workers. In some ways, the decision isn't surprising, as Amazon had made...



Chicago Tribune Business News
Nov 13, 2018

A cactus, graffiti, wacky reviews and thousands of sandwiches: Tactics cities used to try to lure Amazon
The guessing game is over: Amazon.com plans to open new corporate outposts in northern Virginia and New York, two already-crowded metropolitan areas that are likely to become even less affordable with a new influx of tech workers. In some ways, the decision isn't surprising, as Amazon had made...



Chicago Tribune Business News
Nov 13, 2018

Amazon didn't choose Chicago for HQ2. Now what?
Amazon will split its second headquarters between New York's Long Island City and Crystal City in northern Virginia, the e-commerce giant said Tuesday, ending Chicago's hopes of adding a highly coveted corporate name and thousands of high-paying jobs to the city's burgeoning tech sector.

The decision...



Chicago Tribune Business News
Nov 13, 2018

From Audible to Whole Foods: A look at Amazon's empire
Amazon is hard to escape.

Whether you've bought shoes at Zappos, picked up milk at Whole Foods or listened to an audiobook on Audible, you've been caught up in Amazon's growing web of businesses.

And now, Amazon's sprawling empire will stretch even further. The company is expected to announce Tuesday...



Chicago Tribune Business News
Nov 13, 2018

Rejected cactuses, street graffiti, and thousands of sandwiches: The tactics that cities used to try to lure Amazon
The guessing game is over: Amazon.com reportedly plans to open new corporate outposts in Northern Virginia and New York, two already-crowded metropolitan areas that are likely to become even less affordable with a new influx of tech workers. In some ways, the decision isn't surprising, as Amazon...



Chicago Tribune Business News
Nov 13, 2018

Amazon splits HQ2 prize between Northern Virginia and New York
Amazon will open major new outposts in northern Virginia's Crystal City and in New York City, splitting its much-sought investment of up to 50,000 jobs between the two East Coast sites, according to people close to the decision-making process.

An announcement could come early as Tuesday, according...



Chicago Tribune Business News
Nov 10, 2018

Buying glasses online? Prices are low, but optometrists are wary.
One pair of glasses was crushed.

A second pair lost their shape and kept slipping off his nose.

The next four pairs met similar ends.

In all, Lissa Levy's 8-year-old son has broken six pairs of prescription glasses since April - going through eyewear faster than most kids wear out a pair of pants....



Chicago Tribune Business News
Nov 09, 2018

Nonprofits' speed-dating pitch to millennials: 'It's not your grandmother's volunteering'
On a recent Wednesday night, Makeda Queen headed to a speed-dating event, hoping to meet her match.

Not a sexy date or a life partner, but the perfect opportunity to give back — by volunteering for a local nonprofit.

Queen, 29, mingled with a room full of other young professionals at Find Your...



Chicago Tribune Business News
Nov 09, 2018

Here's what J.B. Pritzker's election means for Illinois' taxes, minimum wage, health care and more
For the second election in a row, Illinois voters have handed the governor's office to an ultrawealthy but politically inexperienced businessman who promises to jump-start the state's economy.

But Democratic Gov.-elect J.B. Pritzker, a billionaire heir to the Hyatt Hotel fortune and a former venture...



Chicago Tribune Business News
Nov 09, 2018

Sears, Kmart to close 40 more stores, including last Kmart in Chicago
Sears and Kmart announced another 40 store closings Thursday, telling employees the locations would shut down in February.

The latest round of closings include the last Kmart in Chicago, at 3443 W. Addison St. in the city's Avondale neighborhood, and a store in Springfield. Also slated to close...



Chicago Tribune Business News
Nov 08, 2018

Sears adds a restructuring expert to board as debt comes due
Sears Holdings Corp. is adding a restructuring expert to its board, suggesting the ailing retailer may be preparing to take significant actions to survive or to protect its remaining assets.

The Hoffman Estates company, which also owns Kmart, said Tuesday it was bringing on board Alan Carr, managing...



Chicago Tribune Business News
Nov 08, 2018

Sears hires advisers for bankruptcy filing: report
Sears Holdings Corp. has hired an advisory firm to work on a bankruptcy filing that could come as early as this week, The Wall Street Journal reported Tuesday night.

Citing people familiar with the situation, the Journal said employees of M-III Partners have spent weeks working on a potential filing...



Chicago Tribune Business News
Nov 08, 2018

Near Wrigley Field, it's construction season again — and the neighborhood's Taco Bell is down to its last out
The Cubs' shorter-than-expected postseason means it's time for another newfound rite of passage near Wrigley Field: the off-season construction zone.

Already years into a wave of real estate development, the neighborhood is about to experience more change.

That includes the looming demolition of...



Chicago Tribune Business News
Nov 08, 2018

Pilsen distillery acquires Malort, aims to bring production of the bitter liquor back to Chicago
Jeppson's Malort, a bitter wormwood liquor that's simultaneously embraced and reviled by many Chicagoans, has been acquired by the Pilsen-based CH Distillery.

Terms of the deal, which closed Sept. 28, were not disclosed. CH Distillery, a craft distillery known for its organic vodka, plans to make...



Chicago Tribune Business News
Nov 08, 2018

To avoid bankruptcy, Sears CEO proposes selling off real estate. The retailer has tried that move before.
To stave off bankruptcy, Sears CEO Edward Lampert has put forward a plan that would significantly shrink the struggling retailer's looming debts by selling off nearly all of its remaining real estate holdings.

Selling about 200 company-owned stores, as Lampert's hedge fund, ESL Investments, is...



Chicago Tribune Business News
Nov 08, 2018

Treasure Island workers protest loss of wages, health benefits
A few dozen former Treasure Island Foods workers chanted and marched down North Broadway on Monday morning, demanding pay and benefits they say they are owed after being laid off recently from the longtime grocery chain.

Sandra Roman, 41, said the letter informing her that she was laid off immediately...



Chicago Tribune Business News
Nov 08, 2018

Union sues Treasure Island Foods, alleges closing grocer failed to give enough notice before layoffs
Treasure Island Foods, the longtime Chicago grocery chain that announced it was closing stores by Oct. 12, is now being sued by the United Food and Commercial Workers International Union for allegedly violating a federal law that governs layoff notices.

The lawsuit, filed in federal court in Chicago...



Chicago Tribune Business News
Nov 08, 2018

Walgreens adding shops from online cosmetics service Birchbox inside 11 drugstores
The beauty departments at two Chicago-area Walgreens stores will be getting a makeover by early next year, courtesy of online beauty retailer Birchbox.

Walgreens stores in the Wrigley Building on Michigan Avenue and Glen Oak Plaza in north suburban Glenview are among 11 pilot locations where Birchbox...



Chicago Tribune Business News
Nov 08, 2018

Walgreens cutting some employee benefits after announcing $100M pay boost
Walgreens is changing the benefits it offers employees and eliminating health insurance for a number of its eligible retirees, just months after announcing it would boost hourly wages for store employees.

Starting in 2019, employees of the Deerfield-based drugstore chain won't qualify for paid...



Chicago Tribune Business News
Nov 08, 2018

Hotel strike ends at five more downtown Chicago hotels as workers at Hilton, Inn of Chicago ratify contracts
Striking employees at four Hilton hotels are back at work after more than three weeks on the picket line.

Workers at the Palmer House Hilton, The Drake, the Hilton Chicago and the DoubleTree by Hilton Hotel Chicago Magnificent Mile ratified contracts Saturday with their employer, a significant...



Chicago Tribune Business News
Nov 08, 2018

Lagunitas lays off 12 percent of workforce as growing craft beer market faces pressure
Facing pressure from an increasingly crowded craft beer market, Lagunitas Brewing Co. announced this week that it is laying off 12 percent of its workforce, more than 100 employees companywide.

The California-based brewer, which operates a production plant in Chicago, posted a letter on its website...



Chicago Tribune Business News
Nov 08, 2018

List of striking hotels down to 9 as Ambassador Hotel workers ratify contract
Workers still on strike at nine downtown hotels remained on the picket lines Tuesday, after workers at the Ambassador Hotel ratified a contract, according to a tweet by their union, UNITE HERE Local 1.

Over the weekend, employees at five hotels had ratified contracts and returned to work. The sticking...



Chicago Tribune Business News
Nov 08, 2018

Odyssey Chicago River launches the city's first year-round dinner cruise with glass-topped boat
The Odyssey Chicago River, a glitzy new 140-foot glass-enclosed vessel, is ready to go where no ship has gone before: serving expensive white-tablecloth dinners to boatloads of tourists and date-nighters on the city's increasingly busy waterway.

The first year-round dinner cruise to navigate the...



Chicago Tribune Business News
Nov 08, 2018

Mattress Firm closing more than 10 percent of Illinois stores
Even Mattress Firm now acknowledges that a particular street on Chicago's North Side has more than enough spots to buy a mattress.

The Houston-based retailer, which filed for bankruptcy protection last week, plans to close 209 stores nationwide by the end of the month, including 29 of its 211 locations...



Chicago Tribune Business News
Nov 08, 2018

Pop-up lunch service Fooda plans to triple its office space and hire 175 next year
Office lunch service Fooda plans to hire 175 people next year and is preparing to move into a Chicago office nearly three times larger than its current space to accommodate the growth.

The Chicago-based company, launched in 2011, brings a rotating lineup of pop-up restaurants into office buildings....



Chicago Tribune Business News
Nov 08, 2018

Produce wholesaler sues soon-to-close Treasure Island Foods, alleges $453K in unpaid fruits and veggies
Treasure Island Foods, which abruptly told employees last week that it would close, is being sued by a Chicago-area company that alleges the grocery chain owes it more than $453,000 for unpaid fruits and vegetables.

The lawsuit, filed Monday in Chicago's U.S. District Court by longtime produce...



Chicago Tribune Business News
Nov 08, 2018

At Treasure Island grocery stores, 'everything must go' as they prepare to close soon
Treasure Island Foods stores will close in less than two weeks, as the longtime family-owned Chicago company shuts down amid heavy competition for grocery shoppers' business.

"Everything must go!" shouted one sign at the store at 680 N. Lake Shore Drive in the Gold Coast neighborhood. "Nothing...



Chicago Tribune Business News
Nov 08, 2018

$236 to see the Bears? Fans find price of team's success high on ticket market.
The Chicago Bears are winning, and ticket prices on the secondhand market are jumping up with the fans.

As of Monday, demand for Bears tickets is up 20 percent on StubHub compared with last year, and the team sold more tickets on the online exchange in September than any other team in the National...



Chicago Tribune Business News
Nov 08, 2018

Chicago marijuana company Cresco Labs raises $100 million to fuel growth
Chicago-based medical marijuana company Cresco Labs has raised $100 million in private funding to fuel continued expansion nationally and in Illinois.

Cresco Labs, which operates three cultivation centers in the state, just finished an expansion of its Joliet facility to more than double the amount...



Chicago Tribune Business News
Nov 08, 2018

Court rules against Lake Forest drugmaker Akorn's $4.75 billion merger with German firm
Shares of Akorn dove by more than 50 percent Monday after a Delaware judge ruled that a German health care company may walk away from its plans to acquire the drugmaker in a deal worth $4.75 billion.

A Delaware Chancery Court judge sided Monday with Fresenius Kabi, which announced in April that...



Chicago Tribune Business News
Nov 08, 2018

Cubs' early playoff exit will test the new Wrigleyville's offseason appeal
If things had gone differently for the Cubs in Tuesday night's National League wild-card game, Wrigleyville sports bar Sluggers would have spent Wednesday gearing up to do what owner Steven Strauss called "a month's worth of business in a week."

Instead, after a 2-1 extra-innings loss to the Colorado...



Chicago Tribune Business News
Nov 08, 2018

Forbes is out with its list of billionaires. Here's how Illinois' richest stack up.
Forbes is out with its annual list of the 400 wealthiest Americans, and it's largely a year in which the rich got richer.

Forbes said the average net worth of individuals on this year's list was a record $7.2 billion, and the minimum net worth to claim a place on the list hit an all-time high of...



Chicago Tribune Business News
Nov 08, 2018

Amazon's $15-an-hour move gives 20 percent raise to its lowest-paid workers in Chicago area
Retailing giant Amazon is boosting its minimum wage to $15 an hour for all U.S. workers, giving its lowest-paid employees in the Chicago area a $2.50-an-hour pay increase.

The move follows a bump in minimum wage pay by fellow mega-retailers Walmart and Target. Amazon however, takes the hourly wage...



Chicago Tribune Business News
Nov 08, 2018

Amazon Go is opening two more cashierless stores in Chicago. 3,000 nationwide by 2021? We'll see.
Amazon is opening two more of its cashierless convenience stores in Chicago — including one that opened Monday.

Amazon Go, which sells grab-and-go food items in a store designed to let busy shoppers skip the checkout line, opened its first Chicago location in the Loop last month. It was the Seattle...



Chicago Tribune Business News
Nov 08, 2018

As Treasure Island Foods winds down, future of its stores and workers remains uncertain
In the waning days of Treasure Island Foods' 55-year run in Chicago, vendors are lining up to get paid, shoppers are loading up on discounted groceries, and hundreds of employees are trying to figure out how to move forward.

Treasure Island's workers, estimated at more than 500 at the chain's six...



Chicago Tribune Business News
Nov 08, 2018

Amoco gas stations return to Chicago area after nearly 20 years as BP brings back the brand
Amoco, the iconic red, white and blue gas stations that disappeared nearly 20 years ago after the company's merger with BP, are beginning to pop up once again in Chicago and a handful of other markets.

Six stations have erected the once ubiquitous Amoco torch sign this year in Chicago and the suburbs,...



Chicago Tribune Business News
Nov 08, 2018

As jury deliberates in Officer Jason Van Dyke's murder trial, Chicago businesses brace for potential protests
Downtown Chicago companies and building owners are beefing up security and keeping some workers at home as a jury a few miles south deliberates in the highly publicized murder trial of police Officer Jason Van Dyke.

Because there were widespread protests when the city released dashcam video of...



Chicago Tribune Business News
Nov 08, 2018

Marijuana rising: Illinois just elected a weed-friendly governor and Chicago pot companies are on the move
In the landscape of the North American marijuana industry, Illinois companies are on fire.

In the past six months, they have gone public in Canada, raised hundreds of millions of dollars to fund expansions and consolidated through a number of deals — one topping $680 million.

Illinois' medical...



Chicago Tribune Business News
Nov 08, 2018

Feds find 'major fraud,' poor oversight at failed Bridgeport bank whose CEO killed himself
A federal investigation found "major fraud" and weak regulatory oversight led to the failure of Washington Federal Bank for Savings, whose CEO killed himself ahead of the Bridgeport bank's December collapse.

The report issued this week by the Treasury Department's Office of Inspector General said...



Chicago Tribune Business News
Nov 08, 2018

Illinois hospitals improve in patient safety, though two get F's in new report


Two Chicago hospitals serving many low-income patients got F's in patient safety, a new report shows, even as the state improved its overall ranking.

Mount Sinai and South Shore hospitals said their failing grades were related to their decisions not to submit data to the nonprofit Leapfrog Group....



Chicago Tribune Business News
Nov 07, 2018

Target says South Side stores will close, despite city's push to reconsider
City officials are scrambling to get Target to reconsider its decision to close two South Side stores early next year, offering the retailer millions of dollars in incentives to keep the stores open.

But Target, which last week announced plans to close stores in the Morgan Park and Chatham neighborhoods,...



Chicago Tribune Business News
Nov 07, 2018

How did Chicagoans watch Tuesday night's election returns? With a lot of wine
Watching the high-stakes election returns Tuesday may not have been good for stress levels, but it was good for alcohol sales.

Booze delivery services, which have proliferated in recent years, reported notable bumps in orders as Chicagoans sat glued to their TVs during one of the most hotly anticipated...



Chicago Tribune Business News
Nov 07, 2018

Q&A: Constellation Brands' new CEO Bill Newlands talks Corona, wine and weed
Bill Newlands has come a long way since flubbing the pronunciation of the word "zinfandel" early in his long career as an alcohol executive — an experience he can laugh about now.

"Our family knew nothing about wine. My parents would have a beer when they had spaghetti," said Newlands, 59, who...



Chicago Tribune Business News
Nov 06, 2018

Amazon close to agreements placing HQ2 in New York, Northern Virginia
Amazon.com's yearlong search for a second headquarters is nearing an end, people with knowledge of the matter said.

The e-commerce giant is close to agreements that would split the new headquarters between two locales, said one of the people, who asked not to be identified discussing non-public...



Chicago Tribune Business News
Nov 06, 2018

Duncan Hines recalls cake mix amid salmonella concerns
Conagra Brands has recalled four varieties of Duncan Hines cake mix as authorities investigate possible salmonella contamination at one of the food giant's manufacturing plants.

Customers who purchased Duncan Hines' Classic White, Classic Golden Butter, Signature Confetti or Classic Yellow cake...



Chicago Tribune Business News
Nov 05, 2018

Virginia? Two cities? Chicago and Illinois ignoring HQ2 rumors, won't give up on landing Amazon
Chicago and Illinois are not ready to concede defeat in the battle for Amazon's highly coveted second headquarters, despite mounting speculation that the field has narrowed — and doesn't include Chicago.

Fueling the speculation are published reports the e-commerce giant is in late-stage discussions...



Chicago Tribune Business News
Nov 05, 2018

Chicago and Illinois ignoring rumors, won't give up on landing Amazon's HQ2
Chicago and Illinois are not ready to concede defeat in the battle for Amazon's highly coveted second headquarters and the 50,000 jobs it could bring, even after speculation surrounding its possible location elsewhere escalated over the weekend.

"We're staying the course," said Jacquelyn Reineke,...



Chicago Tribune Business News
Nov 03, 2018

Amazon's HQ2 to Chicago? Jeff Bezos' private jet hasn't visited here
Amazon.com executives toured all 20 of the finalist locations the company is considering for its second headquarters and its 50,000 jobs.

But how many of the cities has company founder Jeff Bezos visited himself in search of the best site for his company?

It's impossible to know for sure. But Bezos,...



Chicago Tribune Business News
Nov 03, 2018

Amazon in advanced talks to put its coveted HQ2 in Virginia, just south of D.C., Washington Post reports
Amazon has held advanced discussions about the possibility of opening its highly sought-after second headquarters in the Crystal City area of Arlington, Virginia, including how quickly it would move employees there, which buildings it would occupy and how an announcement about the move would be...



Chicago Tribune Business News
Nov 02, 2018

Ferrara Candy in negotiations to move 300-person headquarters to the Old Post Office
Ferrara Candy, the maker of Nerds and Jujyfruits, is negotiating to move its 300-person corporate headquarters into the Old Post Office from west suburban Oakbrook Terrace.

The candymaker is negotiating a lease in the building at 433 W. Van Buren St., according to a source familiar with the deal.

...

Chicago Tribune Business News
Nov 02, 2018

???????As craft beer sales slow, Two Brothers and other brewers launch into spirits
On a recent autumn morning at Two Brothers Brewing, co-founder Jason Ebel stood next to a 300-gallon still and explained the intricate art of making whiskey, a new enterprise for one of the oldest craft breweries in Illinois.

Two Brothers already sells vodka, gin, coffee liqueur and amaro — spirits...



Chicago Tribune Business News
Nov 02, 2018

How to hold meetings people love (or at least don't hate)
Meetings have a reputation — at times deservedly so — as unproductive time-sucks. They're too long, too frequent, too boring, too aimless, and sometimes so irrelevant that the time feels best spent scrolling through Facebook, or stabbing yourself with a pencil to stay awake.

They are also not going...



Chicago Tribune Business News
Nov 01, 2018

Overwhelmed by all those judges on your midterm election ballot? Chicago's BallotReady can help.
With days to go until the midterm elections and early voting underway, Chicago startup BallotReady is in overdrive, working to ensure that voters don't leave blanks or make guesses when casting their ballots.

BallotReady's website lets users type in their addresses and research the candidates and...



Chicago Tribune Business News
Nov 01, 2018

Hundreds of Google employees in Chicago walk out in protest of company's handling of sexual misconduct allegations
Hundreds of employees at Google's Chicago office walked out Thursday morning, protesting the tech giant's reported handling of sexual misconduct allegations.

The walkout at the company's Midwest headquarters in Chicago's Fulton Market district aligned with similar protests at Google offices around...



Chicago Tribune Business News
Nov 01, 2018

Google workers walk out worldwide to protest treatment of women
Carrying signs with messages such as "Don't be evil," Google employees around the world walked off the job Thursday in a protest against what they said is the tech company's mishandling of sexual misconduct allegations against executives.

Employees staged walkouts at offices from Tokyo to Singapore...



Chicago Tribune Business News
Nov 01, 2018

Google employees in Chicago walk out in protest of company's handling of sexual misconduct allegations
Employees at Google's Chicago office walked out Thursday morning, protesting the tech giant's reported handling of sexual misconduct allegations.

The walkout in Chicago's Fulton Market district aligned with similar protests at Google offices around the world. Employees in London and Tokyo, Singapore...



Chicago Tribune Business News
Nov 01, 2018

10 percent of Eli's Cheesecake employees are refugees — but now there are fewer available to hire
After fleeing the war in her native Bosnia, Zemira Bajrektarevic arrived in Chicago to face a new set of fears.

A stay-at-home mom of two children, Bajrektarevic didn't know English. She didn't know how she'd earn money. When RefugeeOne, a resettlement agency, placed her in a job at Eli's Cheesecake,...



Chicago Tribune Business News
Nov 01, 2018

'The first opportunity we are given, we appreciate it': Refugees a good talent pool for some employers, but supply drying up
After fleeing the war in her native Bosnia, Zemira Bajrektarevic arrived in Chicago to face a new set of fears.

A stay-at-home mom of two children, Bajrektarevic didn't know English. She didn't know how she'd earn money. When RefugeeOne, a resettlement agency, placed her in a job at Eli's Cheesecake,...



Chicago Tribune Business News
Nov 01, 2018

As U.S. limits refugees, some Chicago employers fear losing a good talent pool
After fleeing the war in her native Bosnia, Zemira Bajrektarevic arrived in Chicago to face a new set of fears.

A stay-at-home mom of two children, Bajrektarevic didn't know English. She didn't know how she'd earn money. When RefugeeOne, a resettlement agency, placed her in a job at Eli's Cheesecake,...



Chicago Tribune Business News
Nov 01, 2018

U.S. limiting refugees, so Eli's Cheesecake and other Chicago companies fear disruption of a good talent pool
After fleeing the war in her native Bosnia, Zemira Bajrektarevic arrived in Chicago to face a new set of fears.

A stay-at-home mom of two children, Bajrektarevic didn't know English. She didn't know how she'd earn money. When RefugeeOne, a resettlement agency, placed her in a job at Eli's Cheesecake,...



Chicago Tribune Business News
Nov 01, 2018

Food hall planned in former poultry processing facility in Fulton Market
A Pittsburgh-based food hall operator is coming to a former poultry processing facility in the Fulton Market district, adding to the neighborhood's already extensive dining options and Chicago's growing list of multivendor food emporiums.

Galley Group has leased 12,912 square feet on the ground...



Chicago Tribune Business News
Oct 31, 2018

McDonald's selling 34 vacant acres in Oak Brook to homebuilder; park district wants to keep space open
McDonald's plans to sell 34 acres alongside its former Oak Brook headquarters to a developer that wants to build high-end town homes, thwarting the local park district's effort to buy the vacant land and continue using it for sports fields and open space.

Homebuilder PulteGroup has a contract to...



Chicago Tribune Business News
Oct 31, 2018

Mattress review website Sleep Sherpa opening showroom in River North
Leesa, Saatva, Helix, Purple, Tuft & Needle, Yogabed, GhostBed, Oso, Bear — staying up to speed on the dozens of companies trying to sell you a mattress online could keep you up all night.

A new mattress store in Chicago wants to make it easier for shoppers to test drive at least a handful of them.

...

Chicago Tribune Business News
Oct 31, 2018

Mattress store to let you test online brands: Review site Sleep Sherpa opening River North showroom
Leesa, Saatva, Helix, Purple, Tuft & Needle, Yogabed, GhostBed, Oso, Bear — staying up to speed on the dozens of companies trying to sell you a mattress online could keep you up all night.

A new mattress store in Chicago wants to make it easier for shoppers to test drive at least a handful of them.

...

Chicago Tribune Business News
Oct 31, 2018

Many Chicago-area hospitals have cut children's care, but this one is doubling down
When Corinne Piragine was a child, her family went to Saint Anthony Hospital, on the city's Southwest Side, for medical care.

Now that Piragine is a mother herself, she brings her eight children to the hospital, which is near where she works. They see their pediatrician for issues ranging from...



Chicago Tribune Business News
Oct 30, 2018

Scientists are pushing to make Chicago a leader in quantum computing and the fight against hacking
Researchers from the University of Illinois at Urbana-Champaign are joining Chicago-area scientists in creating a network that could ultimately pave the way for communication that can't be hacked.

The effort is part of a push from national labs and universities in the state to establish Chicago...



Chicago Tribune Business News
Oct 30, 2018

Too many Uber drivers? Chicago cabbies and ride-share workers join forces, urge cap on Uber and Lyft cars
Bitter rivals on the road, Chicago taxi and ride-share drivers are joining forces to seek legislation limiting the number of Uber and Lyft cars in the city.

Drivers representing Chicago Rideshare Advocates and Cab Drivers United plan to rally at City Hall on Wednesday morning, calling for regulations...



Chicago Tribune Business News
Oct 30, 2018

Target to close two South Side stores in February
Target plans to close two of its five stores on Chicago's South Side in February.

The decision to close the stores in the Morgan Park and Chatham neighborhoods "follows a rigorous annual process to evaluate the performance of every store in the portfolio and maintain the overall health of the business,"...



Chicago Tribune Business News
Oct 29, 2018

Whirlpool to Sears: We want our appliances back
Whirlpool has demanded that Sears send back products the appliance-maker shipped in the weeks before the retailer filed for bankruptcy protection.

Benton Harbor, Mich.-based Whirlpool, which stopped selling its branded products at Sears last year but makes appliances under Sears' Kenmore brand,...



Chicago Tribune Business News
Oct 29, 2018

Carson's reopening Evergreen Park store on Black Friday
Carson's will reopen its Evergreen Park store on Black Friday, marking the return of the department store's bricks-and-mortar presence after it shuttered all locations in bankruptcy in August.

When Merrillville, Ind.-based CSC Generation bought the intellectual property of Carson's parent company,...



Chicago Tribune Business News
Oct 29, 2018

Former Grace chef Curtis Duffy plans new restaurant in Fulton Market district
Chef Curtis Duffy has picked his next destination, almost a year after Grace abruptly closed amid a dispute with the acclaimed restaurant's owner.

Duffy and former Grace general manager Michael Muser plan to open a new restaurant on the ground floor of Fulton West, an office building in the city's...



Chicago Tribune Business News
Oct 26, 2018

Homeless people in the library? Chicago, suburban libraries turn to social workers for help
In the past, when homeless people left their personal belongings in the aisles of the Addison Public Library, security guards might have asked them to leave.

But that was before the library hired a social worker — someone who viewed the problem from another angle.

"We started looking at patrons...



Chicago Tribune Business News
Oct 26, 2018

More businesses giving employees paid time off to encourage voter turnout on Election Day
Hoping to encourage voter turnout for the highly charged Nov. 6 midterm election, a growing number of companies are giving employees a half or full day off on Election Day, essentially paying them to go to the polls.

Going beyond the hodgepodge of state laws, which may or may not allow employees...



Chicago Tribune Business News
Oct 26, 2018

Paid time off on Election Day: 'Democracy should trump commerce'
Hoping to encourage voter turnout for the highly charged Nov. 6 midterm election, a growing number of companies are giving employees a half or full day off on Election Day, essentially paying them to go to the polls.

Going beyond the hodgepodge of state laws, which may or may not allow employees...



Chicago Tribune Business News
Oct 26, 2018

Venmo and Zelle are trying to stop you from sending money to the wrong person
When Michael O'Neil tried to pay the company that inspected the Lincoln Park condo he bought last summer, he had no idea there was a company on the East Coast with a nearly identical name and an email address that differed by just four letters — until he sent $360 to the wrong business.

O'Neil,...



Chicago Tribune Business News
Oct 26, 2018

Chicago Skyway canopies restored to original streamlined look, with modern updates
For years, the Chicago Skyway's tollbooth canopies served as gateways to Chicago and northwest Indiana.

They also happened to be eyesores.

No more.

Sixty years after the canopies were built, the private company that runs the Skyway on Thursday celebrated the restoration of the canopies to their...



Chicago Tribune Business News
Oct 25, 2018

Illinois to develop testing program for self-driving vehicles
Illinois is taking the first step toward putting self-driving vehicles on the road, but it may be some time before they get there.

Gov. Bruce Rauner on Thursday signed an executive order creating the Autonomous Illinois Initiative, which sets guidelines for testing the technology and sharing information...



Chicago Tribune Business News
Oct 25, 2018

Bankruptcy judge to OK Sears' plans for store closing sales
A U.S. Bankruptcy Court judge said during a hearing Thursday that he intends to give Sears the go-ahead to conduct closing sales at 142 unprofitable stores.

Hoffman Estates-based Sears Holdings Corp. announced plans to shutter those locations shortly after seeking Chapter 11 bankruptcy protection...



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