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Chicago Tribune Business News
Sep 18, 2018

Lincoln Towing can continue operating while it fights to keep its license, judge rules
Lincoln Towing Service can resume operating while it challenges a decision by state regulators to revoke its license, a Cook County judge ruled Monday.

Circuit Judge Neil Cohen issued the order five days after the Illinois Commerce Commission pulled the North Side firm's state license. Cohen said...



Chicago Tribune Business News
Sep 18, 2018

Mapping tech company Here Technologies names Chicago its HQ for the Americas
Here Technologies, which collects and analyzes traffic data, has designated Chicago as its headquarters for the Americas, in part because of access to the area's data scientists and other technology workers.

"For us, it's all about talent," said Angel Mendez, executive vice president and chief...



Chicago Tribune Business News
Sep 17, 2018

'Just walk out shopping': Amazon Go opens first Chicago location of its cashierless convenience store
Amazon's cashierless stores are designed to spare time-crunched shoppers from waiting in the checkout line.

But when Chicago's first Amazon Go store opened Monday morning, most shoppers were taking their time to browse the selection and get used to the idea of a store that lets you grab your purchases...



Chicago Tribune Business News
Sep 17, 2018

Property near State and Rush for sale, could be next luxury high-rise site
The longtime owner of a Near North Side property leased to a Lou Malnati's pizzeria and a Barnes & Noble bookstore is seeking a buyer, looking to cash in on demand for glitzy high-rises in the area.

Jones Lang LaSalle has been hired to market the low-slung buildings at 1120 and 1130 N. State St....



Chicago Tribune Business News
Sep 17, 2018

Amazon Go store with no cashiers, no checkout line opens today in Chicago
Amazon's first cashierless store in Chicago is expected to open at Monday in an office building in the Loop.

The e-commerce giant spent more than a year testing the Amazon Go convenience store concept with company employees in Seattle before opening to the public in January. The 2,000-square-foot...



Chicago Tribune Business News
Sep 14, 2018

The financial world quaked 10 years ago as Lehman Brothers failed. Here are 7 Chicago stories from that uncertain time.
Chicago and the nation were already grappling with a recession on the morning of Sept. 15, 2008, when Lehman Brothers, an investment bank with more than $600 billion in assets, went under in what remains the largest bankruptcy filing in U.S. history. In Chicago, like elsewhere, the financial crisis...

Chicago Tribune Business News
Sep 13, 2018

One week into Chicago hotel worker strike, talks continue but no end in sight: 'It's going to be a long fight'
Ionela Petrea, who works as a server in the Hyatt Regency bar, has spent the past week on the picket line and at the negotiating table.

As the strike affecting 26 downtown hotels pushed into its seventh day, Petrea took a drag of a cigarette and made an educated guess on how much longer it would...



Chicago Tribune Business News
Sep 13, 2018

German cosmetics firm to open first U.S. factory in Elgin
German manufacturer Faber-Castell Cosmetics announced plans Thursday to open its first U.S. plant in Elgin this fall, producing private label-cosmetic pencils for the North American market, and creating 50 jobs in the Chicago suburb.

Illinois beat out Wisconsin, in part, because the dairy state...



Chicago Tribune Business News
Sep 13, 2018

Target, Macy's, Kohl's dangle discounts, gift cards for seasonal workers: ‘It's going to be a real battle' to hire staff
Retailers won't just be battling each other for customers this holiday season — they're also gearing up to fight over the temporary workers who will make the sales.

A strong economy has retailers expecting a busy holiday shopping season, but with unemployment near historic lows, staffing up to...



Chicago Tribune Business News
Sep 13, 2018

Willis Tower owner seeks thousands of new visitors per day, as $500 million expansion takes shape
Chicago's tallest skyscraper also could be known for its sprawling base by late 2019, when Willis Tower's owner completes a 300,000-square-foot expansion designed to lure thousands of additional visitors each day.

About 200 trades workers are on the job six days a week to complete an unusual five-level...



Chicago Tribune Business News
Sep 13, 2018

Crate & Barrel to open restaurant in Oakbrook Center store in spring 2019
Crate & Barrel has long sold items to help shoppers prepare and serve meals at home, from dinnerware and drinkware to cutlery and kitchen tools. But for those who'd rather take a night off from home cooking, next spring its Oakbrook Center store will get a full-service restaurant.

The restaurant...



Chicago Tribune Business News
Sep 12, 2018

Flying over the next few days? Here's how Hurricane Florence may affect your plans
As Hurricane Florence approaches the Carolinas, airlines are encouraging customers traveling through areas in the path of the Category 4 storm to reschedule travel and are limiting fares and waiving fees in some cities.

Florence is expected to approach the Carolina coast late Thursday or early...



Chicago Tribune Business News
Sep 12, 2018

With oatmeal growing in popularity, Quaker pitches to health-conscious consumers
Quaker Oats had an "aha moment" about a year ago, said Robbert Rietbroek, senior vice president and general manager for Quaker Oats North America.

The brand, which traces its history back to 1877, was largely being marketed to consumers with a focus on emotion and nostalgia — not health.

"What's...



Chicago Tribune Business News
Sep 12, 2018

Trustwave's new command center puts Chicago on the front lines of the battle for cybersecurity
Scrolling down a jumbo screen in Trustwave's Loop office is a list of personal information. There are emails, names, passwords, credit card numbers and expiration dates — a gold mine for anyone trying to steal someone's identity.

The Chicago-based company is monitoring a real-time feed of activity...



Chicago Tribune Business News
Sep 12, 2018

Threat hunters and ethical hackers: Trustwave's Chicago command center battles cybercriminals
Scrolling down a jumbo screen in Trustwave's Loop office is a list of personal information. There are emails, names, passwords, credit card numbers and expiration dates — a gold mine for anyone trying to steal someone's identity.

The Chicago-based company is monitoring a real-time feed of activity...



Chicago Tribune Business News
Sep 11, 2018

Takeda's U.S. headquarters in Deerfield, where 1,000 people work, to close
Japanese drugmaker Takeda Pharmaceutical Co. will close its U.S. headquarters in Deerfield, a complex of three buildings employing 1,000 people, and move the work to the Boston area.

The company notified employees Monday of its plans. Takeda has 5,000 U.S. employees.

In a statement, Takeda spokeswoman...



Chicago Tribune Business News
Sep 11, 2018

End of the road for Chicago's horse-drawn carriages? Some aldermen seeking ban
Horse-drawn carriages in Chicago may be going the way of, well, the horse and buggy.

For years, a group of aldermen has been pushing to banish the old-time diversion from Chicago's already crowded thoroughfares amid safety concerns. Questions also have been raised about the horses' welfare.

On...



Chicago Tribune Business News
Sep 10, 2018

BMO Harris in talks to anchor new Union Station office tower
BMO Harris Bank is in advanced negotiations to anchor a new office tower in Union Station's $1 billion-plus redevelopment, a project that's been revamped after the original plan met with widespread criticism.

The exact size of the lease for the bank's new U.S. headquarters could not be determined,...



Chicago Tribune Business News
Sep 10, 2018

Dirty rooms, check-in delays, managers changing the sheets: Downtown strike puts hotels in a bind
Hotels across Chicago were scrambling Monday as a downtown hotel strike entered its fourth day. A few guests reported dirty rooms and check-in delays, while managers at some locations pitched in to keep operations running.

Kristian Hulgard, in town from Dallas for the International Manufacturing...



Chicago Tribune Business News
Sep 07, 2018

All the flavors of Chicago: Riverwalk hopes to showcase diversity of city's neighborhoods
A new program on the Chicago Riverwalk could bring up to a dozen new vendors to the bustling promenade next summer, many of them possibly women- and minority-owned businesses.

The city's goal in this latest chapter of commerce on the river is to increase the diversity of vendors in a way that reflects...



Chicago Tribune Business News
Sep 07, 2018

Retailers prepare to battle for extra toy sales in first holiday season without Toys R Us
It's barely past Labor Day, but a handful of retailers already are hinting at one item on their holiday wish lists: business from former Toys R Us shoppers.

Toys R Us closed its last U.S. stores in June after filing for bankruptcy protection last fall. Despite its challenges, the chain still had...



Chicago Tribune Business News
Sep 07, 2018

RIP Toys R Us. Walmart, Target, even Party City go after toy shoppers with more selection, pop-up stores
It's barely past Labor Day, but a handful of retailers already are hinting at one item on their holiday wish lists: business from former Toys R Us shoppers.

Toys R Us closed its last U.S. stores in June after filing for bankruptcy protection last fall. Despite its challenges, the chain still had...



Chicago Tribune Business News
Sep 07, 2018

City hopes new riverwalk locations attract women- and minority-owned vendors
A new program on the Chicago Riverwalk could bring up to a dozen new vendors to the bustling promenade next summer, many of them possibly women- and minority-owned businesses.

The city's goal in this latest chapter of commerce on the river is to increase the diversity of vendors in a way that reflects...



Chicago Tribune Business News
Sep 07, 2018

Second chances: Employers more open to hiring people with criminal backgrounds
Three documents that would have seemed improbable 15 years ago now hang, carefully arranged, above Andre Joachim Jr.'s desk: a master's degree in counseling, certification from the National Board for Certified Counselors, and an Illinois license as a professional counselor.

Fifteen years ago, Joachim...



Chicago Tribune Business News
Sep 07, 2018

One year into Amazon's hunt, here's what we know about HQ2 and Chicago
Happy birthday, HQ2.

On Sept. 7, 2017, Amazon launched a corporate office search unlike any seen in the typically secretive world of real estate site selection. The Seattle-based online retail behemoth announced its hunt for a North American location for a second headquarters, one that would employ...



Chicago Tribune Business News
Sep 06, 2018

Food hall planned as part of Willis Tower expansion
A food hall is coming to Willis Tower, as part of a $500 million addition to the base of Chicago's tallest building.

Urbanspace plans to open a food hall within the 300,000-square-foot retail and entertainment podium under construction at the 110-story former Sears Tower, the London-based company...



Chicago Tribune Business News
Sep 06, 2018

Amid EpiPen shortage, Walgreens teams up with drug company to offer free alternative
Amid a shortage of EpiPens, Deerfield-based Walgreens is partnering with a competing drugmaker to make it easier for consumers across the country to get its devices.

Auvi-Qs — devices used to inject epinephrine to counter severe allergic reactions — are available for the first time at Walgreens...



Chicago Tribune Business News
Sep 06, 2018

River City Condominiums in South Loop, Gold Coast tower latest in line for conversions to apartments
River City Condominiums owners have approved a more-than-$90 million sale of the South Loop complex to a Chicago developer that wants to convert the 449 units to apartments.

The vote comes after previous attempts by the same buyer, Marc Realty Capital, fell apart.

More than 2 miles north of there,...



Chicago Tribune Business News
Sep 06, 2018

London's calling, and it wants more Chicago businesses to cross the pond
The city of London has opened an office in Chicago aimed at making it easier for Chicago-based companies to expand across the pond, and vice versa.

London & Partners, the official promotion agency for London, opened its office at WeWork's co-working location on Kinzie Street in August. The employees...



Chicago Tribune Business News
Sep 06, 2018

Looking to expand across the pond? The city of London opened a Chicago office to help companies make the leap
The city of London has opened an office in Chicago aimed at making it easier for Chicago-based companies to expand across the pond, and vice versa.

London & Partners, the official promotion agency for London, opened its office at WeWork's co-working location on Kinzie Street in August. The employees...



Chicago Tribune Business News
Sep 06, 2018

Battling Amazon: Chicago-based ShipBob lands $40M, opens Cicero warehouse
With $40 million in new investments announced Thursday, Chicago-based e-commerce logistics company ShipBob is eyeing an expansion — starting with a new fulfillment warehouse in Cicero and a push to hire 100 people in the next year.

The startup aims to help small to midsize e-commerce companies...



Chicago Tribune Business News
Sep 06, 2018

Battling Amazon: ShipBob lands $40M, opens Cicero warehouse
With $40 million in new investments announced Thursday, Chicago-based e-commerce logistics company ShipBob is eyeing an expansion — starting with a new fulfillment warehouse in Cicero and a push to hire 100 people in the next year.

The startup aims to help small to midsize e-commerce companies...



Chicago Tribune Business News
Sep 06, 2018

Chicago-based ShipBob lands $40 million investment, opens new Cicero warehouse
With $40 million in new investments announced Thursday, Chicago-based e-commerce logistics company ShipBob is eyeing an expansion — starting with a new fulfillment warehouse in Cicero and a push to hire 100 people in the next year.

The startup aims to help small to midsize e-commerce companies...



Chicago Tribune Business News
Sep 05, 2018

Chicago unicorn SMS Assist opens Naperville office with space for 400 employees
Chicago-based technology company SMS Assist said Wednesday it plans to open a second Chicago-area office in Naperville, with room for up to 400 employees.

Launched in 1999, SMS Assist connects property managers with subcontractors to address maintenance issues. Clients include residential rental...



Chicago Tribune Business News
Sep 05, 2018

Chicago unicorn SMS Assist to open Naperville office with space for 400 employees
Chicago-based technology company SMS Assist said Wednesday it plans to open a second Chicago-area office in Naperville, with room for up to 400 employees.

Launched in 1999, SMS Assist connects property managers with subcontractors to address maintenance issues. Clients include residential rental...



Chicago Tribune Business News
Sep 05, 2018

Farmer's Fridge to expand in Midwest after $30M financing round led by former Google CEO's venture capital fund
Farmer's Fridge, the Chicago-based startup that sells salads and other meals from vending machines, plans to double its operation next year after recently closing a $30 million financing round led by former Google CEO Eric Schmidt's venture capital fund.

Launched in 2013, Farmer's Fridge has grown...



Chicago Tribune Business News
Sep 04, 2018

Rahm Emanuel's departure causes uncertainty for Chicago businesses
Chicago's business community is nervously waiting to see who will next lead the city and whether that person will be as big a booster as Mayor Rahm Emanuel, who announced Tuesday he won't seek re-election.

Emanuel is known as a mayor who doesn't hesitate to pick up the phone or get on a plane to...



Chicago Tribune Business News
Sep 04, 2018

How Emanuel's exit may affect Chicago's bid for Amazon's HQ2
Chicago Mayor Rahm Emanuel's Tuesday announcement that he won't seek a third term throws a big unknown into the city's efforts to score Amazon's second headquarters, which would be the crowning achievement in a line of corporate wins under his leadership.

The city is one of 20 locations in the...



Chicago Tribune Business News
Sep 04, 2018

LaForce Baker, the force behind Hyde Park-based Moon Meals, on his company's expansion in Jewel-Osco
LaForce Baker, founder and CEO of Moon Meals, used to be, in his own words, "a fat kid."

That's part of the story behind Moon Meals, his Hyde Park-based startup that makes vegan Fiesta Wraps. Last month, the company launched the wraps in all 187 Jewel-Osco stores after changing the packaging, he...



Chicago Tribune Business News
Sep 04, 2018

Edgewater Beach condo building to be sold for $27 million, converted to lakefront apartments
Edgewater Beach condominium owners plan to sell their lakefront building for more than $27 million to a New York-based real estate investor that wants to convert the 188 units to apartments.

Brooklyn-based Greenstone Property Group has agreed to pay $27.2 million for the 12-story building at 5815...



Chicago Tribune Business News
Sep 04, 2018

With nearly half of Chicago cabs in foreclosure or idled, cabbies' hopes riding on New York-style ride-share limits
Struggling to survive in the age of Uber and Lyft, the Chicago taxi industry's hopes may be riding on a legislative long shot.

Nearly half of the city's 6,999 licensed cabs are in foreclosure or idled, leading to an increasingly desperate call for regulatory intervention — including a newly floated...



Chicago Tribune Business News
Aug 30, 2018

Want $9 million on Kickstarter? Build a better jacket. See Chicago's top 10 funded projects.
Kickstarter welcomed its 15 millionth backer this summer, and since coming online nearly a decade ago, the crowdfunding platform has helped Chicago-area entrepreneurs raise millions of dollars and launch products now known worldwide.

Collectively, the area's 10 most lucrative Kickstarter campaigns...



Chicago Tribune Business News
Aug 30, 2018

In Glenview, Macushla Brewing carries on despite a broken heart
This is the work that Mike loved to do.

Pouring the bags of malt in the steel tank. Stirring the grain with the long mash paddle so it doesn't clump. Brewing the beer that brought people together.

But in April, at the age of 44, Mike Welch died. And so, on a recent Friday morning, his widow Megan...



Chicago Tribune Business News
Aug 30, 2018

South Dakota-based health system eyes Chicago-area hospital system
A South Dakota-based hospital system is looking to enter the Chicago area — with its eye on at least one local player, according to reports.

Sanford Health, which has 45 hospitals and 289 clinics in nine states, is in talks to merge with a Chicago-area health system, its CEO told digital news organization...



Chicago Tribune Business News
Aug 29, 2018

Lakeshore East developers retool plan for three new towers
Developers on Wednesday night unveiled reconfigured plans to build three towers in Lakeshore East, including an 80-story skyscraper that would become one of the tallest along Lake Michigan, after a previous development proposal was shot down by a downtown alderman.

The new plan eliminates a proposed...



Chicago Tribune Business News
Aug 29, 2018

Macy's looks to sell Medinah Temple, move Bloomingdale's store
Macy's is putting the historic Medinah Temple building in River North up for sale as the retailer continues cashing in on its valuable real estate portfolio.

Cincinnati-based Macy's will market the landmark building at 600 N. Wabash Ave. to potential buyers, with plans to move the Bloomingdale's...



Chicago Tribune Business News
Aug 29, 2018

Chicago is installing beacons to keep your GPS from freaking out on Lower Wacker
The panic that strikes drivers who lose GPS signal when cruising onto Lower Wacker Drive could soon be eliminated for users of the Waze navigation app.

Google-owned Waze is teaming up with Chicago-based SpotHero and the city to install beacons along Chicago's 5 miles of lower roads. The beacons...



Chicago Tribune Business News
Aug 29, 2018

Tempus, Groupon co-founder Eric Lefkofsky's cancer-fighting startup, raises another $110 million
Chicago-based cancer-fighting data startup Tempus is now valued at $2 billion.

The company, led by Groupon co-founder Eric Lefkofsky, announced Wednesday that it raised another $110 million from new and existing investors. Tempus gathers and analyzes data for doctors to use in cancer treatment,...



Chicago Tribune Business News
Aug 29, 2018

Most Carson's stores expected to close by Wednesday, marking the end of another iconic Chicago retail brand
For Sharon Bryant, shopping at Carson's during the final days of its going-out-of-business sale was an all-too-familiar experience.

In years past, she came to the department store so often people occasionally assumed she worked there, and she felt like she could always find exactly what she wanted,...



Chicago Tribune Business News
Aug 28, 2018

Wow Air adds O'Hare to New Delhi service, with $199 one-way flights
Icelandic budget carrier Wow Air is launching service from Chicago's O'Hare International Airport to New Delhi beginning in December, with one-way flights starting at $199.

The new service, announced Tuesday, also will add flights to New Delhi from six other U.S. metro areas: Boston, Washington,...



Chicago Tribune Business News
Aug 27, 2018

After tense year, Disney agrees to pay park workers $15 an hour
Classes at the University of Central Florida began last week, and Maddy Johnson still hadn't found enough money to buy her textbooks.

The safari driver at Disney's Animal Kingdom Theme Park, 23, was living on ramen noodles and the McDonald's Dollar Menu - and stressing about her $20,000 in student...



Chicago Tribune Business News
Aug 27, 2018

Some smell a sale at Blommer Chocolate: Reports say family-owned firm mulling options
After fending off a possible takeover in the 1990s, the family that owns the Blommer Chocolate Co. may now be looking to sell the company.

Chicago-based Blommer is working with an investment bank to weigh options that include a sale that could value the company at about $500 million, according...



Chicago Tribune Business News
Aug 27, 2018

Greyhound bus site on Chicago River moves closer to big residential development
Bus line Greyhound is moving forward with plans to move a maintenance facility off Goose Island, paving the way for another large real estate development along the Chicago River.

Greyhound on Aug. 20 paid $5.3 million for an 8-acre site in the Canaryville neighborhood on Chicago's South Side, where...



Chicago Tribune Business News
Aug 27, 2018

Meganne Wecker, third-generation leader of Skyline Furniture, introduces digitally printed fabric
Meganne Wecker's grandfather used to say he could tell the factory was busy by the sound of staple guns click-click-clicking like typewriter keys as workers affixed fabric to furniture frames.

But the cacophony of clicking isn't the only hint business is brisk at Skyline Furniture in south suburban...



Chicago Tribune Business News
Aug 27, 2018

Welcome to Codeverse, where young kids learn to build games and hack light fixtures
Eight-year-old Cillian Rhodes was hosting a dance party.

He hacked the concert lights in the small, dark room, making them flash and move around. Another kid bounced around next to him.

"I control all the lights now," Cillian said, tapping the screen of his iPad and looking toward the lights on...



Chicago Tribune Business News
Aug 24, 2018

As Imperfect Produce grows in Chicago, so do challenges for local farmers
Megg Principe first learned of Imperfect Produce, a Silicon Valley startup that aims to tackle food waste by selling boxes of "ugly" produce, via Facebook a few months ago. She noticed friends posting photos online of their misshapen fruits and vegetables and decided to give it a try.

"My big thing...



Chicago Tribune Business News
Aug 24, 2018

‘You may not have time to wait for an ambulance' in an allergy crisis. But many schools report no EpiPens on hand.
A bee sting sent a nurse into action at Forest View Elementary in Mount Prospect, injecting a shot of epinephrine into a 7-year-old having an allergic reaction.

At Hawthorne Elementary in Elmhurst, a 10-year-old was given the medication after eating a peanut butter and jelly sandwich and a carrot.

...

Chicago Tribune Business News
Aug 24, 2018

Does your school keep lifesaving EpiPens handy? Not all in Illinois do.
A bee sting sent a nurse into action at Forest View Elementary in Mount Prospect, injecting a shot of epinephrine into a 7-year-old having an allergic reaction.

At Hawthorne Elementary in Elmhurst, a 10-year-old was given the medication after eating a peanut butter and jelly sandwich and a carrot.

...

Chicago Tribune Business News
Aug 23, 2018

Sterling Bay buying ADM wheat mill in Fulton Market, eyes adding Metra station
Sterling Bay has a $25 million deal to buy an Archer Daniels Midland wheat mill in the Fulton Market district, and hopes to replace it with a project that would include the neighborhood's first Metra station.

The busy Chicago developer has a contract to buy the 2.2-acre property at 1300 W. Carroll...



Chicago Tribune Business News
Aug 23, 2018

Salads, fruit and cereal have sickened diners this year. This lab is on the front lines of the fight against food poisoning.
After the scientists step safely out of the airtight lab in the biocontainment plant, and after their spacesuitlike protective wear is disinfected, the room is flooded with chlorine dioxide gas.

"We make sure anything that's in there stays in there," said Robert Brackett, director of the Institute...



Chicago Tribune Business News
Aug 23, 2018

In this lab, researchers infect food with listeria and salmonella and figure out how to kill it
After the scientists step safely out of the airtight lab in the biocontainment plant, and after their spacesuitlike protective wear is disinfected, the room is flooded with chlorine dioxide gas.

"We make sure anything that's in there stays in there," said Robert Brackett, director of the Institute...



Chicago Tribune Business News
Aug 22, 2018

Salesforce in talks to anchor riverfront skyscraper, add 5,000 jobs
Software firm Salesforce is eyeing a huge expansion in Chicago, where it could add up to 5,000 new jobs and kick off construction of a skyscraper along the river.

The company is in talks to potentially lease more than 500,000 square feet in the planned third and final tower in the Wolf Point development...



Chicago Tribune Business News
Aug 22, 2018

Retailers leery of additional tariffs that would target consumer goods
The potential impact of a new round of tariffs proposed by the Trump administration has loomed large over the retail industry during the past week even as companies like Target and Home Depot have reported strong quarterly sales.

Retailers say they're keeping a close eye on tariffs — both the tariffs...



Chicago Tribune Business News
Aug 22, 2018

McDonald's to invest $2 million in Chicago job training programs for young people
McDonald's plans to invest $2 million in job training programs for Chicago youths, the fast food chain announced Wednesday.

More than half of that money will go to Skills for Chicagoland's Future, a workplace development nonprofit that seeks to connect qualified unemployed and underemployed workers...



Chicago Tribune Business News
Aug 21, 2018

Trump throws coal plants a lifeline, but Illinois among states showing no signs of turning back
President Donald Trump's plan to gut climate pollution standards for power plants is a lifeline to the dwindling American coal industry, but Illinois and many other states already are shifting to cleaner sources of energy and show no signs of turning back.

The question is whether the proposal Trump...



Chicago Tribune Business News
Aug 21, 2018

American Airlines cutting nonstop flights from Chicago to China and Japan
American Airlines is cutting back on flights from Chicago to China and Japan this fall, saying it couldn't keep flying money-losing routes at a time when fuel costs are high.

American's daily nonstop flights from Chicago's O'Hare International Airport to Shanghai will end in late October, the airline...



Chicago Tribune Business News
Aug 21, 2018

Nabisco animal crackers set free from cages in box redesign after PETA expresses concerns
Animal crackers, long depicted behind bars in iconic packaging that resembled circus boxcars, are going cage-free.

Bowing to pressure from People for the Ethical Treatment of Animals — and changing tastes — Mondelez International is rolling out new box artwork for the small, animal-shaped cookies,...



Chicago Tribune Business News
Aug 20, 2018

Stanley, Sears to have competing Craftsman tool brands
Plenty of consumers know Sears' iconic Craftsman tool brand. Now they'll have to get to know its doppelganger.

When Stanley Black & Decker bought the Craftsman brand from Sears Holdings Corp. last year, the deal — valued at $900 million — let both companies continue making and selling products...



Chicago Tribune Business News
Aug 20, 2018

Ronald McDonald House to expand after it gets $100 million, its largest single donation ever, from AbbVie
Ronald McDonald House Charities has received its largest single donation ever: $100 million from North Chicago-based drugmaker AbbVie.

Ronald McDonald House, headquartered in Chicago, provides temporary housing for families of hospitalized children across the country, among other services. The...



Chicago Tribune Business News
Aug 20, 2018

Cortlon Cofield helps millennials afford both mortgages and avocado toast
On the 28th floor of a South Loop high-rise, Cortlon Cofield, owner and financial planner at Cofield Advisors, has to get creative with his 20- to 30-year-old clients to help them save their money.

Travel, weddings and future mortgages are among the items they increasingly want to spend their money...



Chicago Tribune Business News
Aug 17, 2018

Cubs fan cries foul over team's World Series ivy leaf commemorative, files copyright lawsuit
A lifelong Cubs fan is crying foul over the team's marketing of a 2016 World Series ivy leaf commemorative, an idea he allegedly invented more than 30 years earlier, according to a copyright infringement lawsuit filed Friday in federal court in Chicago.

Dan Fox, 71, a retired Chicago advertising...



Chicago Tribune Business News
Aug 17, 2018

It's not just for recreation. Companies flocking to Chicago River too.
The Chicago River has emerged as one of the city's top recreational destinations, where activities such as outdoor dining, kayaking, water taxis and architecture boat tours have boomed in recent years. Demand for riverfront office space has reached a high-water mark too.

Vacancies in office towers...



Chicago Tribune Business News
Aug 16, 2018

The new employee perk that's slowly taking hold: Help for those caring for aging parents
When Cindy Mayer's dad started to go blind and she "became his eyes," most other parts of her life fell by the wayside.

Her social life dwindled. "My friends probably thought I died 10 years ago," she said with a chuckle.

The floors in her Norwood Park home, on Chicago's Northwest Side, went unwashed...



Chicago Tribune Business News
Aug 16, 2018

U.S. Steel to invest $750 million to revitalize flagship Gary plant in wake of Trump tariffs
U.S. Steel announced Thursday that it is investing $750 million to revitalize its flagship Gary plant to gear up for increased demand in the wake of President Donald Trump's tariffs on imported steel.

The company said the investment will make "significant upgrades" to increase efficiencies at the...



Chicago Tribune Business News
Aug 16, 2018

Amazon in running to acquire Landmark movie theater chain
Amazon.com is in the running to acquire Landmark Theaters, a move that would vault the e-commerce giant into the bricks-and-mortar cinema industry, according to people familiar with the situation.

The company is vying with other suitors to acquire the business from Wagner/Cuban Cos., which is backed...



Chicago Tribune Business News
Aug 16, 2018

Google expanding space in Fulton Market, this time with a flagship store
Google is planning a two-level store in Chicago's Fulton Market district, its first known location for a retail flagship.

The technology giant is close to finalizing a lease for almost 14,000 square feet on the first and second floors of several connected, two-story brick buildings between 845...



Chicago Tribune Business News
Aug 15, 2018

5 things to know about Home Chef and the other Illinois companies among the Inc. 5000
Chicago-based meal kit company Home Chef is the third-fastest-growing private company in the country, according to the Inc. 5000, a ranking released Wednesday.

Home Chef led the 240 Illinois companies that made this year's list, up from 239 last year.

The company's growth did not just catch the...



Chicago Tribune Business News
Aug 15, 2018

Co-working firm Industrious buys Chicago's Assemble, adding 3 locations
Co-working company Industrious has bought local operator Assemble, adding three Chicago locations amid expected consolidation in the fast-changing industry.

Industrious doubles its number of Chicago-area locations to six with the deal, and the New York-based company said it plans to continue expanding...



Chicago Tribune Business News
Aug 14, 2018

Fresh paint and fresh beef: McDonald's spending $317 million to modernize more than 400 Illinois restaurants
Fresh beef isn't the only new thing on the menu at McDonald's.

Nearly two-thirds of McDonald's restaurants in Illinois are slated for remodeling by 2020 as part of a nationwide modernization effort announced Tuesday.

The Chicago-based burger chain and its franchisees are investing about $317 million...



Chicago Tribune Business News
Aug 14, 2018

McDonald's to spend $317 million to upgrade 400 Illinois restaurants
Fresh beef isn't the only new thing on the menu at McDonald's.

Nearly two-thirds of McDonald's restaurants in Illinois are slated for remodeling by 2020 as part of a nationwide modernization effort announced Tuesday.

The Chicago-based burger chain and its franchisees are investing about $317 million...



Chicago Tribune Business News
Aug 14, 2018

Airbnb hosts scramble after Chicago sends 2,400 notices rejecting registrations for short-term rentals
Airbnb hosts throughout Chicago are concerned and confused after receiving notices from the city last week informing them they could face potential fines if they don't remove their units from the home-sharing platform within seven days.

The more than 2,400 notices, sent via email, rejected Airbnb...



Chicago Tribune Business News
Aug 14, 2018

Walmart's size may not shield it from rising prices
It's getting more expensive for retailers like Walmart to stock its shelves with household staples like diapers, paper towels and bottled water. The question now is whether that translates into more pain at the checkout line.

Soaring costs for transportation and raw materials — some related to...



Chicago Tribune Business News
Aug 14, 2018

What does it feel like to have Alzheimer's? Virtual reality programs may help you find out
After experiencing the world as a woman with Alzheimer's disease, Ana Lebron took off her virtual reality headset and began to cry.

She couldn't pinpoint which part of the experience left her in tears. After all, she works with Alzheimer's patients every day as an activities coordinator at assisted...



Chicago Tribune Business News
Aug 14, 2018

Northwestern Memorial ranked best hospital in Illinois
It's lucky No. 7 for Northwestern Memorial Hospital: For the seventh year in a row, the Chicago hospital has been named the best in the state by U.S. News & World Report.

Northwestern was also the only Illinois hospital to crack the top 20 in the country, settling into the No. 13 spot for the second...



Chicago Tribune Business News
Aug 13, 2018

Airbnb hosts scramble after Chicago sends notices to 2,400, rejecting registrations for short-term rentals
Airbnb hosts throughout Chicago are concerned and confused after receiving notices from the city last week informing them they could face potential fines if they don't remove their units from the home-sharing platform within seven days.

The notices, sent to more than 2,400 people via email, rejected...



Chicago Tribune Business News
Aug 13, 2018

Amid speculation over Mattress Firm's future, startup mattress seller Casper plans 200 new stores
A two-and-a-half mile stretch of North Clybourn Avenue, from Old Town to the Lathrop Homes neighborhood, has eight mattress stores — not counting the home stores that sell mattresses alongside furniture and other items.

It can seem excessive for a product most consumers rarely buy, as can the list...



Chicago Tribune Business News
Aug 13, 2018

Backstory: Kyle Westbrook, Partnership for College Completion
Kyle Westbrook grew up in Springfield expecting to be an astronaut, not an education activist.

But his experiences led Westbrook, 44, to a career in education — as a history teacher at Lincoln Park High School, to an education policy leader in the office of Mayor Rahm Emanuel and now as the founding...



Chicago Tribune Business News
Aug 12, 2018

Artificial intelligence is coming for hiring, and it might not be that bad
Artificial intelligence promises to make hiring an unbiased utopia.

There's certainly plenty of room for improvement. Employee referrals, a process that tends to leave underrepresented groups out, still make up a bulk of companies' hires. Recruiters and hiring managers also bring their own biases...



Chicago Tribune Business News
Aug 10, 2018

Despite low demand, medical marijuana companies in Illinois are growing
In a well-lit room in a nondescript Joliet building, racks of marijuana plants are stacked, row after row.

The plants are young but pungent, and sway to the breeze of fans and the overhead humidifiers that regulate the room. Breaking through the hum is the noise of construction. Cresco Labs is...



Chicago Tribune Business News
Aug 10, 2018

Go ahead, get that tattoo. Your boss shouldn't mind.
Nora Flanagan's first tattoos hid strategically under her clothing. An aspiring teacher, Flanagan worried the ink could cost her a job.

"There was definitely an idea of what a teacher should look like," Flanagan, now 42, recalls of her early career in the late 1990s. Teachers wore long, wholesome...



Chicago Tribune Business News
Aug 09, 2018

New private equity firm Donerail bidding for Tronc


Donerail Group, a newly formed investment firm headed by former Starboard Value LP executive Will Wyatt, is in advanced negotiations to buy Chicago-based newspaper company Tronc, sources familiar with the deal said Thursday.







There is no certainty a deal will be struck, and sources said the financing...



Chicago Tribune Business News
Aug 09, 2018

For many women, college debt means dreams delayed
It's a struggle each month for Khallilah Beecham-Watkins to balance her student loan payment with the expense of supporting a young family.

The 28-year-old education program specialist for a local nonprofit aspires to pay off her own college debt before her infant daughter eventually begins a four-year...



Chicago Tribune Business News
Aug 09, 2018

Anheuser-Busch on its way to becoming king of craft beer too
A decade ago, Anheuser-Busch made no beer that could legitimately be called "craft."

The nation's largest beer company dabbled at the edges of the burgeoning craft beer movement, but its backbone remained the brands to which craft beer was largely a reaction — Bud and Bud Light, Natural Light and...



Chicago Tribune Business News
Aug 09, 2018

Tribune Media withdraws from Sinclair merger, sues for $1 billion
Facing potentially insurmountable regulatory hurdles, Tribune Media on Thursday pulled the plug on its merger agreement with Sinclair Broadcast Group and sued Sinclair for $1 billion.

The failure of the proposed $3.9 billion merger ends a lengthy saga that generated widespread opposition over Sinclair's...



Chicago Tribune Business News
Aug 09, 2018

Tribune Media withdraws from Sinclair merger, saying it will sue for 'breach of contract'
Tribune Media said Thursday that it would withdraw from its $3.9 billion merger with Sinclair Broadcast Group, adding it would sue Sinclair for "breach of contract" over its failed negotiations with regulators over the deal.

The breakdown of the deal reflects a stunning reversal of fortunes for...



Chicago Tribune Business News
Aug 09, 2018

Aldi unveils new products in aggressive push toward fresh and organic
Some 10 years ago, Aldi didn't sell olive oil; today it sells four kinds. The Batavia-based discounter also now sells vegan kale burgers, organic hummus and a slew of gluten-free products.

Amid a major remodeling and expansion effort nationally and in Chicago, Aldi is also accelerating its launch...



Chicago Tribune Business News
Aug 08, 2018

Chicago Tribune's owner considering bid for company, sources say
Less than two months after selling the Los Angeles Times, Tronc is weighing an offer to sell the Chicago Tribune and the rest of its newspaper holdings to a private equity firm, sources close to the company said Wednesday.

A bid of between $19 and $20 per share is on the table, according to sources....



Chicago Tribune Business News
Aug 07, 2018

Lawsuit accuses 2 Chicago-area bakeries of systemic racial hiring discrimination
A lawsuit seeking class action status alleges black job candidates were passed over in favor of Hispanic workers at two Chicago-area bakeries that hired through staffing agencies to hide the discriminatory practices.

The lawsuit, filed Monday afternoon in Chicago federal court, alleges that systemic...



Chicago Tribune Business News
Aug 07, 2018

Northwestern Medicine lays off 60 IT workers after launch of new electronic medical records system
Months after launching a new electronic health records platform, Northwestern Medicine has laid off about 60 information technology employees who helped create it.

The massive technology project, which provides doctors and clinicians a unified electronic platform for patient health records across...



Chicago Tribune Business News
Aug 07, 2018

Tesla CEO drops latest bombshell with $72B buyout proposal
Tesla CEO Elon Musk is considering leading a buyout of the electric car maker in a stunning move that would end the maverick company's eight-year history trading on the stock market.

In his typically unorthodox fashion, the eccentric Musk dropped his bombshell on his Twitter account, which he has...



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