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 NEWS: CHICAGO TRIBUNE BUSINESS NEWS
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   NEWS: CHICAGO TRIBUNE BUSINESS NEWS
Chicago Tribune Business News
Jul 31, 2019

‘This is farming like we've never done before.' Illinois hemp farmers face risks with first planting of newly legal crop
Thousands of young hemp plants dance in the breeze as fans blow through a loft on Trent Lawrence's organic produce farm. And once a day, they dance to Bob Marley.

"The plants have got to have a little tunes," Lawrence said, bending down to an industrial Bluetooth speaker and turning up the volume.

...

Chicago Tribune Business News
Jun 20, 2019

Owners of Frank Lloyd Wright home in Glencoe file for demolition permit
The new owners of a Frank Lloyd Wright-designed cottage in north suburban Glencoe have formally requested permission to tear down the 106-year-old home, a village official confirmed Wednesday.

Wright, widely considered America's greatest architect, designed the Sherman Booth Cottage, a flat-roofed,...



Chicago Tribune Business News
Jun 20, 2019

Landmark Medinah Temple to be redeveloped — again — by ‘mayor of River North'
Sixteen years after completing a redevelopment of the historic Medinah Temple, Al Friedman is ready to do it again.

The Chicago developer confirmed he has bought the landmark at 600 N. Wabash Ave. from retail chain Macy's, which plans to move its Bloomingdale's home goods store out of the building...



Chicago Tribune Business News
Jun 17, 2019

A new visitor center is planned for Frank Lloyd Wright's Oak Park Home and Studio
Thousands of visitors flock to Oak Park to see where architect Frank Lloyd Wright developed his renowned Prairie style, but there's not a proper gateway to greet them.

That may be about to change.The Chicago-based nonprofit that owns and manages Wright's Home and Studio on Monday announced plans...



Chicago Tribune Business News
Jun 17, 2019

Once the Boeing 737 Max is cleared to fly again, United CEO Oscar Munoz vows to be on his airline's first Max flight
United Airlines CEO Oscar Munoz, in an effort to assure passengers, vowed to be aboard the airline's first flight on a Boeing 737 Max once regulators agree to let the aircraft begin flying again.

Regulators around the world grounded the 737 Max in March after the plane was involved in deadly crashes...



Chicago Tribune Business News
Jun 17, 2019

Red Nose Day: Why is Walgreens selling red noses? It's not just for comic relief.
The fifth annual Red Nose Day takes place Thursday, part of a fundraising effort to help end child poverty.

Here's what to know:

Who came up with the idea? Red Nose Day started in the U.K. in 1988. In 2015, the public charity Comic Relief USA launched the campaign in the U.S. To date, the campaign...



Chicago Tribune Business News
Jun 17, 2019

Hey grads: Chicago's tech job market is sizzling. Here's how 3 workers landed spots in cybersecurity, software developing and IT.
With graduations fast approaching, a new crop of technology job candidates is preparing to enter the market. Their prospects look good.

Tech-related employment grew in the Chicago area by almost 6,000 jobs last year.

And if employment postings are any indication, there is also optimism around future...



Chicago Tribune Business News
Jun 17, 2019

Electric shared scooters have arrived in Chicago: Here's what you need to know
Electric shared scooters are finally coming to Chicago after months of planning by the city. A four-month pilot program started Saturday, with 10 different scooter companies spread out through 50 square miles on the West, Northwest and Southwest sides of the city.

Scooters have been controversial...



Chicago Tribune Business News
Jun 17, 2019

McDonald's touts its new sexual harassment training and hotline. 'Nothing has changed,' says alleged victim.


McDonald's has responded to mounting complaints about sexual harassment with employee training programs and a new anonymous reporting hotline.



The Chicago-based fast-food chain sent a letter Monday to Illinois Democratic Sen. Tammy Duckworth detailing its efforts, in response to a letter Duckworth...



Chicago Tribune Business News
Jun 17, 2019

Foodhaul, a virtual food hall, aims to take control of its own delivery, keep the 30% that third-party apps charge
The rapid growth of food delivery has presented a number of challenges for diners and restaurants alike: The food doesn't always travel well, popular delivery apps take a bite out of profits and customers often don't know where to direct their complaints when orders arrive cold, late or wrong.

...

Chicago Tribune Business News
Jun 16, 2019

'This is farming like we've never done before.' Illinois hemp farmers face risks with first planting of newly legal crop
Thousands of young hemp plants dance in the breeze as fans blow through a loft on Trent Lawrence's organic produce farm. And once a day, they dance to Bob Marley.

"The plants have got to have a little tunes," Lawrence said, bending down to an industrial Bluetooth speaker and turning up the volume.

...

Chicago Tribune Business News
Jun 14, 2019

'This is farming like we've never done before.' Illinois hemp farmers face risks with first planting of newly legal crop.
Thousands of young hemp plants dance in the breeze as fans blow through a loft on Trent Lawrence's organic produce farm. And once a day, they dance to Bob Marley.

"The plants have got to have a little tunes," Lawrence said, bending down to an industrial Bluetooth speaker and turning up the volume.

...

Chicago Tribune Business News
Jun 14, 2019

Marijuana dispensary rolls out its own credit card as weed industry works to go beyond cash-only sales
Marijuana company Columbia Care is rolling out a credit card for customers to use at its dispensaries, creating a new payment option for a clientele that has largely had to deal in cash.

Like banks, credit card companies hesitate to get involved in the cannabis industry because the drug remains...



Chicago Tribune Business News
Jun 14, 2019

Landmark Medinah Temple to be redeveloped — again — by 'mayor of River North'
Sixteen years after completing a redevelopment of the historic Medinah Temple, Al Friedman is ready to do it again.

The Chicago developer confirmed he has bought the landmark at 600 N. Wabash Ave. from retail chain Macy's, which plans to move its Bloomingdale's home goods store out of the building...



Chicago Tribune Business News
Jun 14, 2019

Activists now 'flight shame,' citing jets' environmental toll. But for fuel-guzzling airlines, going green is no easy task.
You can ditch your car for public transit and refill a reusable water bottle rather than buying plastic. But good luck finding a "green" substitute for an airline flight — unless you happened to be on a particular Los Angeles-bound United Airlines flight earlier this month.

The flight out of O'Hare...



Chicago Tribune Business News
Jun 14, 2019

Airlines fight environmental 'flight shame' stigma with sustainable fuels, carbon offsets, compostable cutlery
You can ditch your car for public transit and refill a reusable water bottle rather than buying plastic. But good luck finding a "green" substitute for an airline flight — unless you happened to be on a particular Los Angeles-bound United Airlines flight earlier this month.

The flight out of O'Hare...



Chicago Tribune Business News
Jun 14, 2019

Airlines turn to sustainable fuels, carbon offsets, compostable cutlery to fend off environmental 'flight shame' stigma
You can ditch your car for public transit and refill a reusable water bottle rather than buying plastic. But good luck finding a "green" substitute for an airline flight — unless you happened to be on a particular Los Angeles-bound United Airlines flight earlier this month.

The flight out of O'Hare...



Chicago Tribune Business News
Jun 13, 2019

Denied rehearing by ICC, Lincoln Towing goes back to court for last shot to save license
Lincoln Towing may be down to its last lifeline after the Illinois Commerce Commission denied a motion Wednesday to reconsider the state's decision to revoke the towing firm's license.

On Thursday, the notorious towing firm known as the "Lincoln Park Pirates" took its case back to Cook County Circuit...



Chicago Tribune Business News
Jun 13, 2019

Next up in the swanky Gold Coast: Secondhand sneakers
Secondhand sneakers are coming to the tony Gold Coast neighborhood, but these are no smelly gym shoes.

Stadium Goods, a mostly online market for the resale of high-end sneakers, plans to open a two-level store at 60 E. Walton St., around some of Chicago's ritziest retail shops, according to sources.

...

Chicago Tribune Business News
Jun 13, 2019

An autonomous vehicle took on Chicago's thick morning traffic. Here's what happened.
Autonomous vehicles conjure visions of futuristic machines that lack steering wheels, but the first driverless cars probably won't actually be driverless.

Instead, manufacturers will likely start out with low levels of automation and gradually increase the technology.

Most of the self-driving car...



Chicago Tribune Business News
Jun 12, 2019

1 arrested in Fair Oaks Farms animal abuse case; Fairlife, farm owners hit with lawsuit as activists release new video
Chicago-based Fairlife, under fire after the release of a video showing animals being mistreated at one of its supplying dairy farms, is being sued for fraud for promoting the "extraordinary care and comfort" of its cows on its milk labels.

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



Chicago Tribune Business News
Jun 12, 2019

Bill Daley heading back to Wall Street after unsuccessful Chicago mayoral race
After an unsuccessful Chicago mayoral bid, Bill Daley is heading back to Wall Street.

BNY Mellon announced Wednesday that Daley will serve as its new vice chairman overseeing government affairs, communications, philanthropy and corporate social responsibility.

Daley is the latest Chicago politician...



Chicago Tribune Business News
Jun 12, 2019

Fairlife, Fair Oaks Farms owners hit with lawsuit alleging fraud for claiming 'extraordinary care' of cows
Chicago-based Fairlife, under fire after the release of a video showing animals being mistreated at one of its supplying dairy farms, is being sued for fraud for promoting the "extraordinary care and comfort" of its cows on its milk labels.

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



Chicago Tribune Business News
Jun 12, 2019

Electric shared scooters arrive in Chicago on Saturday: Here's what you need to know
Electric shared scooters are finally coming to Chicago after months of planning by the city. A four-month pilot program starts Saturday, with 10 different scooter companies spread out through 50 square miles on the West, Northwest and Southwest sides of the city.

Scooters have been controversial...



Chicago Tribune Business News
Jun 12, 2019

Chicago couple famous for Rubschlager cocktail bread makes largest-ever donation to Rush for new $450 million building
A Chicago couple famous for selling "cocktail bread" is giving Rush its largest-ever donation, which will help fund a $450 million, 10-story outpatient care center on the West Side medical campus.

Neither Rush nor the Rubschlager family is disclosing the amount of the donation, but until now the...



Chicago Tribune Business News
Jun 11, 2019

10 companies to offer scooters during Chicago's summer pilot program that starts Saturday
Electric shared scooters are coming to the city on Saturday, and 10 companies have been chosen to take part in a four-month pilot program to test the popular but controversial technology on Chicago streets.

The city said that the chosen companies showed the ability to meet the strict operational...



Chicago Tribune Business News
Jun 11, 2019

Names released of 3 charged in Fair Oaks Farms animal abuse case; suspects still at large
Three people have been charged with animal cruelty after the release of video showing workers kicking and throwing young calves at Fair Oaks Farms, a northwest Indiana dairy farm that's an agritourism destination.

The Newton County Sheriff's Office on Tuesday identified the three people charged,...



Chicago Tribune Business News
Jun 11, 2019

Trump's chief of Medicare discusses 'Medicare for All,' Obamacare and drug prices in Chicago
As the nation inches closer to the 2020 presidential election, issues with the U.S. health care system are moving into the spotlight.

At stake: the future of the Affordable Care Act, also known as Obamacare; proposals to expand "Medicare for All"; and ideas to target high drug prices. They're all...



Chicago Tribune Business News
Jun 11, 2019

Trump's Medicare chief on 'Medicare for All' plan: 'We're not going to see savings. It's actually going to cost more.'
As the nation inches closer to the 2020 presidential election, issues with the U.S. health care system are moving into the spotlight.

At stake: the future of the Affordable Care Act, also known as Obamacare; proposals to expand "Medicare for All"; and ideas to target high drug prices. They're all...



Chicago Tribune Business News
Jun 11, 2019

Trump's Medicare chief slams 'Medicare for All' plan: 'We're not going to see savings. It's actually going to cost more.'
As the nation inches closer to the 2020 presidential election, issues with the U.S. health care system are moving into the spotlight.

At stake: the future of the Affordable Care Act, also known as Obamacare; proposals to expand "Medicare for All"; and ideas to target high drug prices. They're all...



Chicago Tribune Business News
Jun 11, 2019

Trump's Medicare chief, in Chicago, slams 'Medicare for All' plan: 'We're not going to see savings. It's actually going to cost more.'
As the nation inches closer to the 2020 presidential election, issues with the U.S. health care system are moving into the spotlight.

At stake: the future of the Affordable Care Act, also known as Obamacare; proposals to expand "Medicare for All"; and ideas to target high drug prices. They're all...



Chicago Tribune Business News
Jun 10, 2019

'Medicare for All'? American Medical Association says no, drawing protest in Chicago.
Doctors gathered in Chicago for the American Medical Association's annual meeting this week are increasingly finding themselves at the uncomfortable center of a national debate over "Medicare for All."

A group of doctors, nurses and medical students protested the meeting, criticizing the association's...



Chicago Tribune Business News
Jun 10, 2019

3 charged with animal cruelty over Fair Oaks Farms video
Three people have been charged with animal cruelty following the release of video showing workers kicking and throwing young calves at Fair Oaks Farms, a northwest Indiana dairy farm that's an agritourism destination.

The Newton County Sheriff's Department said Monday that misdemeanor charges for...



Chicago Tribune Business News
Jun 10, 2019

7 things to know about alleged animal abuse at Fair Oaks Farms
Fair Oaks Farms, a large dairy in northwest Indiana that runs popular tours for families and schoolchildren, came under fire when an animal welfare group released an undercover video showing some workers engaged in the alleged abuse of calves.

Here are seven things to know.

What is Fair Oaks Farms?

...

Chicago Tribune Business News
Jun 10, 2019

Hyatt sues union to let chefs keep a hand in food preparation at its hotels
Eight months after a crippling Chicago hotel workers strike, Hyatt has filed a federal lawsuit against the employees union, seeking to allow its chefs to keep a hand in food preparation usually done by cooks.

The issue boils down to this: Can a chef, who holds a management position, remove a tray...



Chicago Tribune Business News
Jun 10, 2019

Hyatt sues union to let chefs step in during a quiche emergency and other hotel kitchen crises
Eight months after a crippling Chicago hotel workers strike, Hyatt has filed a federal lawsuit against the employees union, seeking to allow its chefs to keep a hand in food preparation usually done by cooks.

The issue boils down to this: Can a chef, who holds a management position, remove a tray...



Chicago Tribune Business News
Jun 10, 2019

Hyatt sues union to let hotel chefs step in for cooks during a quiche emergency. Yes, a quiche emergency.
Eight months after a crippling Chicago hotel workers strike, Hyatt has filed a federal lawsuit against the employees union, seeking to allow its chefs to keep a hand in food preparation usually done by cooks.

The issue boils down to this: Can a chef, who holds a management position, remove a tray...



Chicago Tribune Business News
Jun 10, 2019

Tight air connection? Your next United flight might wait for you.
CTA bus drivers might hold the door for a sprinting late arrival. Gate agents at the airport? Not a bet most passengers would want to make. But you just might catch a break on your next United Airlines flight.

United is trying to get smarter about figuring out when planes can afford to wait for...



Chicago Tribune Business News
Jun 09, 2019

What we know about the alleged animal abuse at Fair Oaks Farms
Fair Oaks Farms, a large dairy in northwest Indiana that runs popular tours for families and schoolchildren, came under fire when an animal rights group released an undercover video showing some workers engaged in the alleged abuse of calves.

Here are six things to know.

What is Fair Oaks Farms?

...

Chicago Tribune Business News
Jun 07, 2019

Fair Oaks Farms owner says video of alleged cow abuse 'broke my heart,' vows to add cameras, animal welfare audits
Fair Oaks Farms owner Mike McCloskey, under fire after an undercover video exposed young cows allegedly being abused by some employees at his dairy farm, has vowed to install security cameras anywhere on the property animals interact with people and showcase the live feed as an exhibit visitors...



Chicago Tribune Business News
Jun 07, 2019

The Rolls-Royce of parking garages and other buildings of the recent past need protection
Don't go looking for the Arby's at 115 E. Chicago Ave. that Stanley Tigerman designed in the 1970s in a high-tech style reminiscent of Pompidou Centre in Paris. The little Arby's, whose glass walls revealed the building's innards (red air ducts, yellow track lighting and blue piping) was torn down...



Chicago Tribune Business News
Jun 07, 2019

Fair Oaks Farms vows to prevent future animal abuse with security cameras, frequent audits
Fair Oaks Farms owner Mike McCloskey, under fire after an undercover video exposed young cows allegedly being abused by some employees at his dairy farm, has vowed to install security cameras anywhere on the property animals interact with people and showcase the live feed as an exhibit visitors...



Chicago Tribune Business News
Jun 07, 2019

MightyVine embarks on expansion as demand for tomatoes keeps growing
MightyVine, a local grower of hydroponic tomatoes, has secured bank financing for a major greenhouse expansion as it strives to meet rising demand from restaurants and retailers.

The deal with Rabo AgriFinance, a U.S. subsidiary of The Netherlands' Rabobank, is significant because many commercial...



Chicago Tribune Business News
Jun 07, 2019

Uber and Lyft said ride-sharing would cut traffic congestion and supplement public transit. But has it worked?
Ride-share companies like Uber and Lyft promised they would supplement public transit and help ease traffic congestion.

But data collected by the city and now made public shows almost half of Chicago's millions of monthly ride-share trips are taking place in just a few wealthy, crowded and already...



Chicago Tribune Business News
Jun 07, 2019

Green City Market turns 20: Chicago's largest farmers market now 'a huge social event,' but it still faces a crop of challenges
When Green City Market sprouted in Chicago 20 years ago, it was a modest affair with nine vendors in an alley beside the Chicago Theatre. The city's foodie cred was just starting to bud. "Farm-to-table" had yet to take root in the mainstream.

Those culinary trends have blossomed since then, as...



Chicago Tribune Business News
Jun 06, 2019

How Trump's tariffs on China and Mexico could hurt the U.S. economy
Ten billion here, ten billion there: President Donald Trump's escalating tariffs on imports to the United States have begun to amount to serious money — and potentially to imperil one of the most resilient economies in American history.

Until now, the economy has largely shrugged off damage from...



Chicago Tribune Business News
Jun 06, 2019

Illinois Tourism doubles ad spending this summer to get visitors to travel the state's highways and byways — potholes and all
Illinois is nearly doubling its advertising budget and launching a new campaign this summer to get tourists across the Midwest to travel the state's scenic highways and byways — potholes, crumbling bridges and all.

The state will spend upward of $15 million on television commercials, online video...



Chicago Tribune Business News
Jun 06, 2019

Ride-sharing was supposed to cut traffic congestion and supplement public transit. But has it worked?
Ride-share companies like Uber and Lyft promised they would supplement public transit and help ease traffic congestion.

But data collected by the city and now made public shows almost half of Chicago's millions of monthly ride-share trips are taking place in just a few wealthy, crowded and already...



Chicago Tribune Business News
Jun 06, 2019

Alleged animal abuse at Fair Oaks Farms under investigation after activists release graphic video
Fairlife, a popular brand of ultrafiltered milk, will be pulled from shelves at all Jewel-Osco stores after an animal welfare group released an undercover video showing alleged abuse of calves at the milk company's flagship dairy farm in Indiana, the grocery chain announced Wednesday.

The video...



Chicago Tribune Business News
Jun 06, 2019

Chicago's lifespan gap: Streeterville residents live to 90. Englewood residents die at 60. Study finds it's the largest divide in the U.S.
In the gleaming Streeterville neighborhood, Chicagoans live to be 90 years old, on average.

But just about 9 miles south, in Englewood, the average life expectancy plummets to about 60 years, according to a new NYU School of Medicine analysis.

The 30-year gap between the neighborhoods is the largest...



Chicago Tribune Business News
Jun 06, 2019

About 29% of street-front retail space on N. Michigan Ave. is vacant. But the world's largest Starbucks may perk things up.
North Michigan Avenue seems a little less magnificent lately.

Retail rents fell in 2018 after soaring in recent years, and Chicago's undisputed top shopping destination has faced a long slog in filling high-rent flagship spaces.

The Magnificent Mile's transition is indicative of a broader trend,...



Chicago Tribune Business News
Jun 05, 2019

Auction wars? George Lucas and Mellody Hobson could battle bidders for historic Ebony photo archives.
The Ebony photo archives, a unique and expansive window into the African American experience, are set to go on the auction block in July, pending approval from a Chicago federal bankruptcy court.

Opening bids are expected to start at about $13 million for the historic collection, with the proceeds...



Chicago Tribune Business News
Jun 05, 2019

Ebony photo archives, a window into the African American experience, are going up for auction in bankruptcy sale. Got $13 million?
The Ebony photo archives, a unique and expansive window into the African American experience, are set to go on the auction block in July, pending approval from a Chicago federal bankruptcy court.

Opening bids are expected to start at about $13 million for the historic collection, with the proceeds...



Chicago Tribune Business News
Jun 05, 2019

Fair Oaks Farms under investigation for alleged animal abuse after activists release graphic video
Fairlife, a popular brand of ultra-filtered milk, will be pulled from shelves at all Jewel-Osco stores after an animal rights group released an undercover video showing alleged abuse of calves at an Indiana dairy farm owned by the milk company, the grocery chain announced Wednesday.

The video released...



Chicago Tribune Business News
Jun 05, 2019

Illinois residents can expect to pay higher taxes when shopping Amazon and Etsy next year. Here's why.
Shopping online could get more expensive for Illinois residents under a new measure passed by the state's General Assembly that would change the way online sales are taxed.

The changes would require online marketplaces, like Etsy and eBay, to collect state sales tax from Illinois residents. Though...



Chicago Tribune Business News
Jun 05, 2019

North Michigan Avenue tries to bring back the 'Magnificent' amid retail upheaval
North Michigan Avenue seems a little less magnificent lately.

Retail rents fell in 2018 after soaring in recent years, and Chicago's undisputed top shopping destination has faced a long slog in filling high-rent flagship spaces.

The Magnificent Mile's transition is indicative of a broader trend,...



Chicago Tribune Business News
Jun 05, 2019

Sonny Acres Farm, site of a popular West Chicago pumpkin patch, has new owners who vow 'to keep it the way it was'
Sonny Acres Farm, a West Chicago site known for its pumpkin patch, fall festival and other community events, is under new ownership seven months after being put up for sale.

Mike Fontana and Chris Joyaux, two close friends since childhood, purchased the 22-acre property, which includes the barns...



Chicago Tribune Business News
Jun 04, 2019

A tough bet for Lightfoot: Where to put Chicago's casino? Possibilities range from former Reese hospital to public housing sites
A Chicago casino gives Mayor Lori Lightfoot her first chance to shepherd a major construction and economic development project from start to finish, but she faces a tough choice: Make a safe bet by putting the gambling venue near the Loop or roll the dice on an area that needs jobs and tourist...



Chicago Tribune Business News
Jun 04, 2019

University of Chicago Medicine says some donor, patient information mistakenly exposed
The personal information of some University of Chicago donors and patients was mistakenly exposed, the U. of C. health system has confirmed.

University of Chicago Medicine acknowledged the data exposure in a statement Monday after an independent security researcher notified it of the problem. That...



Chicago Tribune Business News
Jun 04, 2019

Illinois bill requiring minorities on corporate boards 'gutted'; lawmakers pass version calling for disclosure, report card
Legislation that aimed to diversify corporate boards in Illinois passed during the final days of the General Assembly's spring legislative session, but was stripped of a key provision that would have mandated minority representation.

The bill, H.B. 3394, would have required Illinois companies to...



Chicago Tribune Business News
Jun 04, 2019

Data center boosters hope new tax incentives 'stop the bleeding,' keep tech sites in Illinois
Illinois lawmakers approved a data center tax incentive proponents say could make tech giants and other firms think twice about locating their data storage facilities anywhere else.

The incentive, passed as part of a $45 billion capital construction plan, would exempt qualifying data centers from...



Chicago Tribune Business News
Jun 04, 2019

Illinois bill requiring minorities to be on corporate boards stripped of key provision
Legislation that aimed to diversify corporate boards in Illinois passed during the final days of the General Assembly's spring legislative session, but was stripped of a key provision that would have mandated minority representation.

The bill, H.B. 3394, would have required Illinois companies to...



Chicago Tribune Business News
Jun 03, 2019

Illinois convenience stores see gas, cigarette tax hikes as 'devastating,' fear customers will flee across state lines
New Illinois tax hikes aimed at generating revenue for transportation and building improvements may send consumers running for the border to get cheaper gas and cigarettes.

The taxes may also force hundreds of convenience stores in Illinois to close, according to industry advocates, costing potentially...



Chicago Tribune Business News
Jun 03, 2019

New Illinois tax hikes might prompt consumers to cross the border for gas and cigarettes
New Illinois tax hikes aimed at generating revenue for transportation and building improvements may send consumers running for the border to get cheaper gas and cigarettes.

The taxes may also force hundreds of convenience stores in Illinois to close, according to industry advocates, costing potentially...



Chicago Tribune Business News
Jun 03, 2019

Illinois will hike fee for Teslas, Bolts and other EVs — but to $248, not $1,000: 'They've cut it back from an outrageous number'
It's not quite sticker shock, but Illinois electric vehicle owners will have to pay $248 in annual registration fees next year — $100 more than what owners of gas-burning cars pay — as part of the state's sweeping road improvement legislation.

For the growing ranks of EV owners, its a big bump...



Chicago Tribune Business News
Jun 03, 2019

Recreational marijuana goes on sale Jan. 1 in Illinois. Dispensaries are already getting ready.
Recreational marijuana is just a signature away from being legal in Illinois, and come Jan. 1, people without a medical cannabis card will be able to walk into a dispensary and buy weed.

Illinois lawmakers approved the bill Friday to allow possession and sales of the still federally illegal drug...



Chicago Tribune Business News
Jun 03, 2019

Flower and gift delivery company FTD seeks bankruptcy protection
Flower and gift delivery service FTD filed for bankruptcy protection Monday with a plan to sell some businesses while paying down debt.

The nearly 110-year old company, based in Downers Grove, began restructuring and reviewing strategic alternatives last year. FTD warned in March that it could...



Chicago Tribune Business News
Jun 03, 2019

Chicago's international port looks for funds to improve its facilities and attract more shipping business
Most Chicagoans look at Lake Michigan and think recreation — a view and a beach, swimming and sailboats.

But the lake is also the site of a major freshwater port that draws oceangoing ships from the St. Lawrence Seaway. The Port of Chicago is in need of money to fix its aging infrastructure, and...



Chicago Tribune Business News
May 31, 2019

Will employers still drug test for marijuana once recreational use is legal in Illinois? Don't keep a pipe at your desk just yet.
The prospect of marijuana legalization might inspire visions of weed-smoking breaks at work, or grabbing a joint with co-workers after a hectic day at the office.

But the reality of legalization in Illinois will likely be much hazier. Some employers might start turning a blind eye to employee use...



Chicago Tribune Business News
May 31, 2019

Will employers still test for marijuana once recreational use is legal in Illinois? Don't keep a pipe at your desk just yet.
The prospect of marijuana legalization might inspire visions of weed-smoking breaks at work, or grabbing a joint with co-workers after a hectic day at the office.

But the reality of legalization in Illinois will likely be much hazier. Some employers might start turning a blind eye to employee use...



Chicago Tribune Business News
May 31, 2019

Illinois House approves marijuana legalization bill backed by Gov. J.B. Pritzker
Illinois is one signature away from joining the 10 other states that have legalized recreational use of marijuana.

With a bipartisan vote of 66-47, the House approved a bill Friday that would allow residents age 21 and older to legally possess 30 grams of cannabis, 5 grams of cannabis concentrate...



Chicago Tribune Business News
May 31, 2019

Illinois lawmakers pass bill to help Medicaid patients keep coverage, ensure hospitals get paid faster
After years of criticism from patients and hospitals, Illinois lawmakers have passed a bill aimed at fixing a slew of problems within the state's Medicaid system.

Illinois residents on Medicaid — a state and federally funded health insurance program that serves the poor and disabled — have complained...



Chicago Tribune Business News
May 31, 2019

Following complaints about Medicaid, Illinois lawmakers pass bill aimed at fixing issues
After years of criticism from patients and hospitals, Illinois lawmakers have passed a bill aimed at fixing a slew of problems within the state's Medicaid system.

Illinois residents on Medicaid - a state and federally funded health insurance program that serves the poor and disabled - have complained...



Chicago Tribune Business News
May 31, 2019

Rush hospital temporarily closes mental health units amid safety concerns
Rush University Medical Center has temporarily closed its three inpatient mental health units following concerns from the state about patient safety.

Rush, one of the city's major academic medical centers, closed the units in late March after the Illinois Department of Public Health found deficiencies...



Chicago Tribune Business News
May 31, 2019

The new perk for working parents: Sleep coaches. ‘They aren't able to put in their best work when they're so exhausted.'
From the start, Amy Evanko's son was a great sleeper. She'd gently place him in his crib, and he'd sail off to sleep.

So it came as a surprise when his younger sister wouldn't do the same.

"We were like, ‘What, all babies don't just go to sleep?'" said Evanko, 39, who lived in Deerfield at the...



Chicago Tribune Business News
May 31, 2019

New perk for working parents: Sleep coaches. ‘They aren't able to put in their best work when they're so exhausted.'
From the start, Amy Evanko's son was a great sleeper. She'd gently place him in his crib, and he'd sail off to sleep.

So it came as a surprise when his younger sister wouldn't do the same.

"We were like, ‘What, all babies don't just go to sleep?'" said Evanko, 39, who lived in Deerfield at the...



Chicago Tribune Business News
May 31, 2019

Employers want new parents to get some rest — and they're willing to pay for it
From the start, Amy Evanko's son was a great sleeper. She'd gently place him in his crib, and he'd sail off to sleep.

So it came as a surprise when his younger sister wouldn't do the same.

"We were like, ‘What, all babies don't just go to sleep?'" said Evanko, 39, who lived in Deerfield at the...



Chicago Tribune Business News
May 30, 2019

Tribune Publishing to pay $56 million special cash dividend to shareholders
Its coffers still full from last year's sale of the Los Angeles Times, Chicago-based Tribune Publishing announced Thursday it will pay a special cash dividend of $56 million to shareholders.

It will be the first dividend paid to shareholders since Tribune Publishing spun off in August 2014 as a...



Chicago Tribune Business News
May 30, 2019

City signs $160 million O'Hare expansion contract with team led by architect Jeanne Gang
After its selection process generated controversy, the city of Chicago on Thursday announced it has signed a contract for the $8.5 billion expansion of O'Hare International Airport with a design team headed by Chicago architect Jeanne Gang.

The contract is worth up to $160 million.

In March, former...



Chicago Tribune Business News
May 30, 2019

General Iron land near Lincoln Yards, long discussed in park plan, goes up for sale in potential $130 million deal
General Iron Industries is moving forward with its long-expected plan to sell land near the recently approved $6 billion Lincoln Yards development, providing more development opportunities on the North Side and creating urgency for a coalition that wants the land to be part of a massive new riverfront...



Chicago Tribune Business News
May 30, 2019

Cancer-fighting data company Tempus raises another $200 million, making it one of Chicago's highest valued startups
Tempus, the cancer-fighting tech company led by Groupon co-founder Eric Lefkofsky, raised another $200 million to use its data to treat diabetes and depression.

The latest fundraising values the company, which is less than four years old, at $3.1 billion, making it one of the most highly valued...



Chicago Tribune Business News
May 29, 2019

United last on J.D. Power customer satisfaction survey, but the airline is improving
United Airlines remained the worst-ranked traditional airline when it comes to consumer satisfaction, according to a new J.D. Power survey. But the Chicago-based airline improved over last year's score.

Customers gave Alaska Airlines the highest rating among the five traditional carriers in the...



Chicago Tribune Business News
May 29, 2019

Once stuffy, Chicago's skyscraper lobbies are loosening up. Some are dazzling, some painfully off-key.
The lobby inside the West Loop office building used to be a picture of gloom. Dark wood covered the walls around the elevators. The windows didn't let in much natural light. A straight-lined reception desk offered visitors a frosty, strait-laced hello.

Now, the lobby of the CME Center office building...



Chicago Tribune Business News
May 29, 2019

Lincoln Towing loses license appeal but can keep towing ... for now
Lincoln Towing Service's appeal of its license revocation by state regulators was dismissed by a Cook County judge, but the "Lincoln Park Pirates" are not sunk yet.

The ruling, issued Thursday, allows Lincoln to continue patrolling Chicago's parking lots while pursuing a rehearing with the Illinois...



Chicago Tribune Business News
May 28, 2019

I tested Verizon's 5G network in Chicago. Beyonce's 'Homecoming' downloaded in seconds.
Verizon's 5G network is up and running in Chicago, and when it works, the fifth generation of wireless lives up to the hype. But the network is still in its very early days, with spotty coverage and limited uses.

Armed with Samsung's newly released 5G phone, the $1,300 Galaxy S10 5G, I tested the...



Chicago Tribune Business News
May 28, 2019

Verizon's 5G network in Chicago lives up to the hype most of the time. Beyonce's 'Homecoming' downloaded in seconds.
Verizon's 5G network is up and running in Chicago, and when it works, the fifth generation of wireless lives up to the hype. But the network is still in its very early days, with spotty coverage and limited uses.

Armed with Samsung's newly released 5G phone, the $1,300 Galaxy S10 5G, I tested the...



Chicago Tribune Business News
May 28, 2019

The 100-year-old doctor will see you now. Northbrook optometrist has no plans to retire.
Matea Peric knew her optometrist was elderly.

He walks slowly, and his face is grooved under salt-and-pepper gray hair.

She thought maybe he was 80 years old? 90? But she found out one day, while talking with the office's receptionists, that her estimate was a bit off.

Dr. Daniel Nast turned 100...



Chicago Tribune Business News
May 24, 2019

Retailers warn you'll feel pain of tariffs. 'They lead to higher prices on everyday products,' says Target CEO.
Retailers are starting to get nervous about the tariffs on Chinese-made products and whether the higher prices that shoppers will pay at checkout will curtail their spending.

So far, consumers have been largely unscathed by the first several rounds of tariffs that the U.S. imposed on China because...



Chicago Tribune Business News
May 24, 2019

United extends 737 Max cancellations through August
United Airlines is canceling more than 2,400 flights during the busy summer travel season as Boeing's 737 Max jets remain grounded.

Chicago-based United had already pulled flights on the 737 Max from its schedule through early July, but it is now extending cancellations through Aug. 3, the airline...



Chicago Tribune Business News
May 24, 2019

Chicago's airports are adding antimicrobial TSA trays. But washing your hands is still a good idea.
The plastic Transportation Security Administration trays that hold thousands of travelers' shoes and carry-on belongings at Chicago airports each day are being swapped for a version designed to fight the growth of bacteria. But you'll probably still want to wash your hands before chowing down on...



Chicago Tribune Business News
May 24, 2019

Retailers brace for tariffs' hit on shoppers. 'They lead to higher prices on everyday products for American families,' says Target CEO.
Retailers are starting to get nervous about the tariffs on Chinese-made products and whether the higher prices that shoppers will pay at checkout will curtail their spending.

So far, consumers have been largely unscathed by the first several rounds of tariffs that the U.S. imposed on China because...



Chicago Tribune Business News
May 24, 2019

Diehards and nonfans alike to foot the bill for new Cubs pay TV network
The Marquee Sports Network is set to launch in February as the exclusive local television home of the Cubs, adding year-round, 24/7 programming to sate even the most diehard fans, and an increased charge on the cable bill to infuriate those who are not.

A partnership between the Cubs and Sinclair...



Chicago Tribune Business News
May 23, 2019

Chicago bank CEO Stephen Calk, who issued loans to Paul Manafort, pleads not guilty to bribery
Stephen Calk, the founder and CEO of Federal Savings Bank of Chicago, has been charged with financial institution bribery for allegedly issuing $16 million in high-risk loans to former Trump campaign chairman Paul Manafort in exchange for help getting a position within the Trump administration.

...

Chicago Tribune Business News
May 23, 2019

Sterling Bay plans affordable housing on more than 100 vacant lots in Chicago, using modular construction
Sterling Bay plans to build affordable housing on more than 100 vacant lots on Chicago's South and West sides, as the developer known for larger and glitzier projects takes a crack at Chicago's affordable housing shortage.

The plan is part of a broader effort, led by Chicago construction firm Skender,...



Chicago Tribune Business News
May 23, 2019

Sen. Elizabeth Warren, Rep. Alexandria Ocasio-Cortez question Treasury Secretary Steven Mnuchin about his ties to Sears
Treasury Secretary Steven Mnuchin is being questioned by Massachusetts Sen. Elizabeth Warren and New York Rep. Alexandria Ocasio-Cortez, both Democrats, about his role in the bankruptcy of iconic retailer Sears. He and other former members of the company's board, as well as former chairman Eddie...



Chicago Tribune Business News
May 23, 2019

Elizabeth Warren and Alexandria Ocasio-Cortez question Treasury Secretary about his ties to Sears
Treasury Secretary Steven Mnuchin is being questioned by Massachusetts Sen. Elizabeth Warren and New York Rep. Alexandria Ocasio-Cortez, both Democrats, about his role in the bankruptcy of iconic retailer Sears. He and other former members of the company's board, as well as former chairman Eddie...



Chicago Tribune Business News
May 23, 2019

Chicago bank CEO Stephen Calk charged with bribery, accused of issuing Manafort loans in attempted trade for Trump post
Stephen Calk, the founder and CEO of Federal Savings Bank of Chicago, has been charged with financial institution bribery for allegedly issuing $16 million in high-risk loans to former Trump campaign chairman Paul Manafort in exchange for help getting a position within the Trump administration.

...

Chicago Tribune Business News
May 23, 2019

Feds charge Chicago bank CEO Stephen Calk with financial institution bribery in Manafort loans
Stephen Calk, the founder and CEO of Federal Savings Bank of Chicago, has been charged with financial institution bribery for allegedly issuing $16 million in high-risk loans to former Trump campaign chairman Paul Manafort in exchange for help getting a position within the Trump administration.

...

Chicago Tribune Business News
May 23, 2019

Chicago's food truck restrictions can stand, Illinois Supreme Court rules
The Illinois Supreme Court ruled Thursday that Chicago's food truck regulations are constitutional and that the city can protect restaurants from their wheeled competitors.

The court affirmed the ruling of the appellate court and the circuit court before it, which also had decided in favor of the...



Chicago Tribune Business News
May 23, 2019

Will chocolate lovers, fond of milk, dark and white varieties, think pink? One chocolatier is rolling out ruby.
The future of chocolate is looking rosy — literally.

Barry Callebaut's ruby — a pink-hued cocoa with a slight berry flavor — officially launched in North America last week, promising to add a splash of color to cakes, bon bons, ice cream and all manner of sweets.

The Swiss chocolatier, which added...



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