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Chicago Tribune Business News
Feb 23, 2018

More companies are cutting ties with gun lobby as #BoycottNRA movement gains steam
Several major companies - Enterprise Holdings, First National Bank of Omaha, Symantec, Hertz and Avis - have ended co-branding partnerships with the National Rifle Association as a #BoycottNRA social media movement picks up steam.

Enterprise - the parent company of car-rental brands Enterprise,...



Chicago Tribune Business News
Feb 23, 2018

Have a retirement plan? You probably invest in guns
If you have a 401(k), you've probably invested in guns. And if that runs counter to your ethics, there's probably not much you can do about it. Not yet, anyway.

Most large investment funds — which manage millions of individual retirement accounts — own stock in American gun-makers as part of their...



Chicago Tribune Business News
Feb 23, 2018

Fearing backlash, U.S. companies split with NRA
U.S. companies are taking a closer look at investments, co-branding deals and other ties to the gun industry and its public face, the National Rifle Association, after the latest school massacre.

Petitions are circulating online targeting companies that offer discounts to NRA members on its website....



Chicago Tribune Business News
Feb 23, 2018

Kraft Heinz says it doesn't need to make a big move, but investors know better
Don't be surprised if Kraft Heinz, the maker of some world-famous food brands, gobbles up another big-name competitor.

In fact, some merger and acquisition pros predict the table is already set for a momentous Kraft Heinz acquisition bid, probably this year. As the Tribune recently reported, Kraft...



Chicago Tribune Business News
Feb 23, 2018

Aon Center owners float plan for sky-high exterior elevator to new observation deck
The owners of the Aon Center are floating a plan to attach a glass-sheathed elevator tower to the skyscraper's exterior to ferry visitors to and from a new observation deck, according to a city official and others familiar with the plan.

At more than 1,000 feet tall, the exterior elevator tower...



Chicago Tribune Business News
Feb 22, 2018

Fear, anxiety, apprehension: Immigrants fear doctor visits could leave them vulnerable to deportation
The man's toe had turned from deep purple to black by the time his family went to the emergency room. Soon they would discover it was gangrene, a complication of undiagnosed diabetes, and a portion of the toe would be amputated.

But before that, as the days passed and the toe blackened, the family's...



Chicago Tribune Business News
Feb 22, 2018

Chicago's push for Amazon's HQ2 gets help from Bears coach Matt Nagy, Kuma's Corner and more
Chicago's bid to land Amazon's sought-after second headquarters is getting some outside help from the likes of Chicago Bears coach Matt Nagy and the staff of heavy metal-themed burger joint Kuma's Corner.

Along with city business and community leaders, they talked up Chicago's virtues in a video...



Chicago Tribune Business News
Feb 22, 2018

What could make divorces more contentious? The new tax law
Divorcing couples may have a harder time settling their finances beginning next year due to a change in federal tax law, and attorneys warn that could add some bitterness to an already sour process.

Currently, people can write off alimony paid to ex-spouses, a point divorce attorneys often use...



Chicago Tribune Business News
Feb 22, 2018

Fear, anxiety, apprehension: undocumented immigrants fear doctor visits could leave them vulnerable to deportation
The man's toe had turned from deep purple to black by the time his family went to the emergency room. Soon they would discover it was gangrene, a complication of undiagnosed diabetes, and a portion of the toe would be amputated.

But before that, as the days passed and the toe blackened, the family's...



Chicago Tribune Business News
Feb 22, 2018

Sterling Bay wraps up $510 million deal for Groupon HQ
Sterling Bay on Wednesday finalized its $510 million purchase of Groupon's headquarters along the Chicago River, the largest deal ever for the 31-year-old firm.

That distinction will be short-lived, however, as the Chicago developer is expected to soon complete its acquisition of the two-tower...



Chicago Tribune Business News
Feb 22, 2018

Special counsel probing whether Manafort promised Chicago banker White House job for home loans
Special counsel Robert Mueller's team is looking into the possibility that former Trump campaign chair Paul Manafort promised a Chicago banker a job in the White House in exchange for $16 million in home loans, NBC News is reporting.

The banker, Stephen Calk, president of the Federal Savings Bank,...



Chicago Tribune Business News
Feb 21, 2018

Food truck owner hopes to take fight against Chicago to Illinois Supreme Court
A cupcake food truck owner who believes Chicago's regulations — including a rule requiring mobile vendors stay at least 200 feet away from bricks-and-mortar restaurants — are unconstitutional is asking the Illinois Supreme Court to take up her lawsuit.

If the state Supreme Court obliges, it will...



Chicago Tribune Business News
Feb 21, 2018

Sinclair Broadcast will sell WGN-TV, New York station in bid to buy Tribune Media
Sinclair Broadcast Group plans to sell Chicago's WGN-TV and stations in New York and nine smaller markets to win federal approval of its proposed $3.9 billion takeover of Tribune Media.

The Hunt Valley, Md.-based broadcaster outlined steps it will take to comply with national TV station ownership...



Chicago Tribune Business News
Feb 21, 2018

Sears threatened to sue state over tax credit dispute
Sears Holdings Corp. CEO Edward Lampert has said the struggling department store chain is "fighting like hell." That includes its dealings with the state of Illinois, public records show.

The company threatened legal action in a monthslong battle over $14.8 million in state tax credits Sears believed...



Chicago Tribune Business News
Feb 21, 2018

Brad Keywell's Uptake brings in GE Power executive to help lead the data mining startup
Uptake Technologies is bringing in a former General Electric executive to serve as president of the data analytics startup.

Ganesh Bell, who served as chief digital officer at GE Power, starts in his new role at Uptake on Monday, spokeswoman Abby Hunt said. Bell will report to CEO and co-founder...



Chicago Tribune Business News
Feb 20, 2018

Another 7,000 apartments expected in downtown Chicago within 2 years
After setting a record for apartment construction in 2017, downtown Chicago will take a breather — but not for long.

While only about 3,000 apartment units are expected to be completed this year, developers next year could challenge the record number of downtown apartments — 4,350 units — built...



Chicago Tribune Business News
Feb 20, 2018

$92 million accounting error delivers blow to Edward-Elmhurst Health's bottom line
In a whopper of an accounting misstep, Edward-Elmhurst Health overestimated by $92 million the revenue it expects to receive from insurance companies and patients, delivering an unexpected blow to its bottom line.

In an interview Tuesday, CEO Mary Lou Mastro said there will be no layoffs or service...



Chicago Tribune Business News
Feb 20, 2018

Following editor's ouster after one issue, Chicago Reader casts 'broad net' in search for new leader
The Chicago Reader is casting a "broad net" in its search for a new top editor following the ouster of Mark Konkol after one issue at the helm, Edwin Eisendrath, CEO of parent company Sun-Times Media, said Tuesday.

Konkol's departure was announced Saturday amid a controversy over the cover art...



Chicago Tribune Business News
Feb 20, 2018

In search for new editor, Chicago Reader looks for diversity
The Chicago Reader is casting a "broad net" in its search for a new top editor following the ouster of Mark Konkol after one issue at the helm, Edwin Eisendrath, CEO of parent company Sun-Times Media, said Tuesday.

Konkol's departure was announced Saturday amid a controversy over the cover art...



Chicago Tribune Business News
Feb 20, 2018

Jewel-Osco owner Albertsons to buy drugstore chain Rite Aid — but Chicago shoppers won't see much impact
Albertsons, parent company of Jewel-Osco, announced plans Tuesday to buy drugstore chain Rite Aid in a deal that could help the combined company survive competitive pressure from giants like Walmart and Amazon amid the rise of online shopping.

Locally, the immediate impact for consumers appears...



Chicago Tribune Business News
Feb 20, 2018

Jewel-Osco owner Albertsons to buy drugstore chain Rite Aid
Albertsons, which owns Jewel-Osco, Safeway and other grocery chains, will buy drugstore chain Rite Aid in a deal that would accelerate the remaking of the U.S. retail and health-care industries.

The takeover serves several purposes. Rite Aid will get a buyer after federal regulators nixed a deal...



Chicago Tribune Business News
Feb 20, 2018

Amazon wristbands could track workers' hand movements: 'Employers are increasingly treating their employees like robots'
As Amazon continues its quest to shrink delivery times and add warehouses in Illinois, the e-commerce behemoth is eyeing technology that could track the movements of its workers' hands as they fulfill orders.

The company recently won patents for wristbands that could be used as part of an inventory...



Chicago Tribune Business News
Feb 19, 2018

State wraps up case for stripping Lincoln Towing's license, citing 'pattern and practice of unauthorized towing'
Lincoln Towing Service has prowled Chicago's parking lots for nearly 60 years, finding itself at the center of lawsuits, consumer horror stories and political pressure throughout its history.

After decades of controversy, the North Side firm — the largest relocation towing service in Illinois —...



Chicago Tribune Business News
Feb 19, 2018

Fabian Elliott, CEO of Black Tech Mecca, is on a mission to increase diversity
Fabian Elliott, the CEO and co-founder of Black Tech Mecca, discusses using data to get more black people involved in the tech community, his inspiration and his first job.



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