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 NEWS: CHICAGO TRIBUNE BUSINESS NEWS
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   NEWS: CHICAGO TRIBUNE BUSINESS NEWS
Chicago Tribune Business News
Apr 22, 2024

Kroger and Albertsons propose selling off more Illinois stores in bid for merger approval
Under federal scrutiny over their plans to merge, the grocery giants said Monday they will sell off about 20 more Illinois grocery stores than originally planned.

Chicago Tribune Business News
Apr 22, 2024

Kroger and Albertsons will sell off more Illinois stores in updated divestiture plan
Under federal scrutiny over their plans to merge, the grocery giants said Monday they will sell off about 20 more Illinois grocery stores than originally planned.

Chicago Tribune Business News
Apr 21, 2024

Former Chicago Blackhawks player Patrick Sharp sells Lincoln Park condo for $715,000
Sharp and his wife purchased the condo in 2007 from the building's developer.

Chicago Tribune Business News
Apr 21, 2024

Wind and solar in limbo: Long waitlists to get on the grid are a ‘leading barrier'
Northern Illinois is in the region ranked the worst for connecting new clean energy projects to the electric grid, report says.

Chicago Tribune Business News
Apr 20, 2024

Evergreen Park students leading the charge as MVCC seeks to fill industry demand for welders
Evergreen Park Community High School students "crushed it" at a recent Moraine Valley Community College welding competition, part of a program aimed at training people to work in the trades.

Chicago Tribune Business News
Apr 20, 2024

City planners say it's time to put Northwest Side's Little Italy on the map
A long-running effort to turn a stretch of Harlem Avenue on the Far Northwest side into a showcase for Italian American businesses like Little Italy's Taylor Street is inching forward.

Chicago Tribune Business News
Apr 19, 2024

Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck
Tesla is recalling nearly 4,000 of its 2024 Cybertrucks after it discovered that the accelerator pedal can become stuck, potentially causing the vehicle to accelerate unintentionally and increase the risk of a crash.

Chicago Tribune Business News
Apr 19, 2024

Former Bears defensive coordinator Alan Williams sells Lake Forest home for $2.7M
Williams and his wife first listed the home on Feb. 1.

Chicago Tribune Business News
Apr 19, 2024

Gov. J.B. Pritzker says ‘evolution of the leadership' needed at CTA
The governor's comments come as embattled agency President Dorval Carter looks to Springfield for solutions to a looming budget crisis.

Chicago Tribune Business News
Apr 19, 2024

BNSF Railway says it didn't know about asbestos that's killed hundreds in Montana town
BNSF Railway attorneys are expected to argue before jurors Friday that the railroad should not be held liable for the lung cancer deaths of two former residents of an asbestos-contaminated Montana town, one of the deadliest sites in the federal Superfund pollution program.

Chicago Tribune Business News
Apr 18, 2024

‘Shame of Chicago, Shame of The Nation' series premieres Thursday on WTTW, showing how segregation was built into foundation of real estate
"Chicago is not just a place where segregation happened, but ... the intellectual and bureaucratic headquarters for ... how to carry it out," one expert said.

Chicago Tribune Business News
Apr 18, 2024

Walgreens pharmacists union to demonstrate outside 46 Chicago-area stores over the next month
The National Pharmacists Association-LIUNA, which says it represents 900 Chicago-area Walgreens pharmacists, plans to demonstrate outside two or three stores a day from now until May 10.

Chicago Tribune Business News
Apr 18, 2024

Walgreens pharmacists' union to demonstrate outside 46 Chicago-area stores
The National Pharmacists Association-LIUNA, which says it represents 900 Chicago-area Walgreens pharmacists, plans to demonstrate outside two or three stores a day from now until May 10.

Chicago Tribune Business News
Apr 18, 2024

Shedd Aquarium employees launch union drive
The effort by Shedd employees is the latest in a series of unionization campaigns at Chicago's prominent cultural institutions in recent years.

Chicago Tribune Business News
Apr 18, 2024

One person killed in fiery crash at I-90 Barrington Road Toll Plaza
One person was killed after a vehicle struck the Barrington Road Toll Plaza in Hoffman Estates early Thursday morning, state police said. The crash happened on Interstate 90 westbound at around 4:24 a.m. The car hit the toll plaza and became engulfed in flames, according to state police. The sole occupant of the vehicle was pronounced dead at the scene.

Chicago Tribune Business News
Apr 18, 2024

River North 2-bedroom loft with rooftop deck: $1.4M
The primary suite has a walk-in closet, heated floors and a dual vanity with Brizo fixtures.

Chicago Tribune Business News
Apr 18, 2024

The O'Hare rebuild is mired in negotiations and potential changes. Here's how another airport finished construction.
At stake for Chicago is its status as a key air hub and a crucial driver of the city's economy

Chicago Tribune Business News
Apr 18, 2024

Uber rolls out blue checkmark system for rider verification in Chicago, 11 other cities
The pilot program launching Thursday in Chicago and 11 other U.S. cities aims to verify riders on the app to help keep drivers safer.

Chicago Tribune Business News
Apr 17, 2024

Terry Savage: Warning on credit repair and chasing rewards
Even the zero-interest period on balance transfer cards can get you deeper into trouble. If you don't pay off the balances within the zero-rate period, you can expect your finance charge to soar to around 30%.

Chicago Tribune Business News
Apr 17, 2024

Another 26 women sue Endeavor Health and gynecologist Fabio Ortega, convicted of sexual abuse
A total of 60 former patients have now sued former gynecologist Fabio Ortega, Endeavor and/or Swedish Hospital, where Ortega previously worked.

Chicago Tribune Business News
Apr 17, 2024

US probe of Hondas that can activate emergency braking for no reason moves closer to a recall
A U.S. government investigation into unexpected automatic braking involving nearly 3 million Hondas is a step closer to a recall.

Chicago Tribune Business News
Apr 17, 2024

Biden vows to block US Steel acquisition by a Japanese company and promises tariffs on Chinese steel
President Joe Biden is promising to block the acquisition of U.S. Steel by a Japan company, saying it "should remain a totally American company. American-owned, American operated."

Chicago Tribune Business News
Apr 17, 2024

Strack & Van Til selling to Iowa-based grocer Hy-Vee Inc.
Almost seven years after the families of Northwest Indiana's largest grocery chain banded together to snatch the stores out of bankruptcy, it's selling to a larger chain. West Des Moines, Iowa-based Hy-Vee Inc. is acquiring Highland-based Indiana Grocery Group LLC, the parent of the Strack & Van Til Food Market chain, Hy-Vee announced in a release Wednesday. The acquisition is expected to be complete early next month, according to the release. All 22 of the Indiana Grocery Group's stores and some 2,800 employees in Lake and Porter Counties are included in the acquisition, but the stores will retain their names […]

Chicago Tribune Business News
Apr 17, 2024

Red Lobster considers bankruptcy to deal with leases and labor costs
Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter.

Chicago Tribune Business News
Apr 17, 2024

Tesla to ask shareholders to reinstate $55 billion pay package for Elon Musk rejected by Delaware judge
Tesla will ask shareholders to reinstate a compensation package for CEO Elon Musk potentially worth $55 billion that was rejected by a judge in Delaware this year and to move the electric car maker's corporate home from Delaware to Texas.

Chicago Tribune Business News
Apr 17, 2024

Chicago Sky ticket sales soar after WNBA draft: ‘These women are worth the money'
Ticket sales for the Chicago Sky are soaring after the team selected three star players in the WNBA draft Monday, the latest surge of support dedicated to women's basketball nationwide.

Chicago Tribune Business News
Apr 17, 2024

Today in History: Ford Motor Co. unveils the Mustang at the New York World's Fair
On April 17, 1964, Ford Motor Co. unveiled the Mustang at the New York World's Fair.

Chicago Tribune Business News
Apr 16, 2024

Walgreens embarks on another round of layoffs
The Deerfield-based company has been cutting jobs every few months over the last year.

Chicago Tribune Business News
Apr 16, 2024

Why the CEO of this pen company is betting big on tattoos
At a time when the business world is fixated on digital transformation and automation, how does a modern CEO lead a 75-year-old company best known for decidedly analog products such as pens, lighters, and disposable razors?

Chicago Tribune Business News
Apr 16, 2024

Jennifer Graves, VP of news for Chicago's ABC 7, to retire after 32 years at the station
Graves is set to leave the station in late June.

Chicago Tribune Business News
Apr 16, 2024

Southwest Side warehouses considered significant by preservationists face demolition
The Chicago Plan Commission will vote Thursday on whether to approve the demolition.

Chicago Tribune Business News
Apr 16, 2024

Oberweis Dairy notifies state of potential layoffs as part of bankruptcy filing
The family-owned North Aurora dairy filed a notice with the state of possible layoffs in connection with Friday's Chapter 11 filing.

Chicago Tribune Business News
Apr 16, 2024

Oberweis Dairy to lay off 127 workers in wake of bankruptcy filing
The family-owned North Aurora dairy told the state that layoffs would begin June 11 because of a plant closure.

Chicago Tribune Business News
Apr 16, 2024

Motormouth: Will increase of ethanol in gasoline impact my car?
Q: I live in Illinois.The state is increasing the amount of ethanol in our gasoline from 10% to 15%. I own a 2005 Subaru Forester and my parents have a 1995 Lincoln Town Car. Is this increase in ethanol going to have a negative impact on the engines of these two cars?

Chicago Tribune Business News
Apr 16, 2024

World Business Chicago names new CEO
The CEO will be in charge of pitching Chicago as a destination for corporate relocation and expansion, a competitive arena that has seen the city score some victories but lose some big names in recent years.

Chicago Tribune Business News
Apr 16, 2024

Hinsdale 6-bedroom home with Brazilian Cherry hardwood floors: $3M
Address: 411 N. Monroe St., Hinsdale Price: $2,995,000 Listed: March 1, 2024 This six-bedroom home has Brazilian Cherry hardwood floors, arched entryways, and a formal living area anchored by a fireplace. The kitchen features a center island with bar seating, custom cabinetry, an adjoining bar and butler's pantry, and a planning desk that overlooks an […]

Chicago Tribune Business News
Apr 15, 2024

Oberweis Dairy files for bankruptcy after failing to find a buyer
The family-owned dairy has dozens of ice cream stores and shelf space in grocery stores across the Midwest.

Chicago Tribune Business News
Apr 15, 2024

New rules for Pregnant Workers Fairness Act include divisive accommodations for abortion
Workers are entitled to time off and other job accommodations for abortions — along with pregnancy-related medical conditions like miscarriage, stillbirth and lactation — under the Pregnant Workers Fairness Act, according to finalized federal regulations published Monday.

Chicago Tribune Business News
Apr 15, 2024

Labor costs, shortage, increasing reliability: Why we're seeing more robots inside plants
In 2022, the global automotive industry installed 135,000 new industrial robotics, according to the International Federation of Robotics. The only industry to surpass that installation rate was electronics.

Chicago Tribune Business News
Apr 15, 2024

Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report
After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday.

Chicago Tribune Business News
Apr 15, 2024

Oberweis Dairy files for bankruptcy
The family-owned dairy has dozens of ice cream stores and shelf space in grocery stores across the Midwest.

Chicago Tribune Business News
Apr 15, 2024

Protesters blocked highway entering O'Hare airport
Chicago's O'Hare International Airport said a protest on I-190 Monday morning might substantially delay incoming traffic.

Chicago Tribune Business News
Apr 15, 2024

Highland Park approves contract for downtown ‘streetscape' renovation
The redesign is part of the city's multifaceted approach to make several downtown spots focal points of activity to foster vibrancy, community and support local businesses, according to city officials.

Chicago Tribune Business News
Apr 15, 2024

Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Joe Biden and Donald Trump have conflicting ideas about how much to reveal about their own finances and the best ways to boost the economy through tax policy.

Chicago Tribune Business News
Apr 14, 2024

As the Chicago Bears prepare to unveil their vision for a new downtown stadium, projects in other NFL cities could prove instructive
The team is expected soon to unveil plans for a new stadium south of Soldier Field. But obstacles are in their way.

Chicago Tribune Business News
Apr 14, 2024

Condo Adviser: Investor owners can't be prevented from serving on condo association boards
But boards can require that a majority of members are owners occupying their units.

Chicago Tribune Business News
Apr 14, 2024

India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Indian Prime Minister Narendra Modi on Sunday vowed to boost social spending, develop infrastructure and make India into a global manufacturing hub

Chicago Tribune Business News
Apr 13, 2024

Illinois Senate OK's legislation over CTA Yellow Line crash
The state Senate unanimously approved a measure on Friday that would mandate various transportation agencies to issue annual public reports that detail the most up to date federal rail-safety recommendations.

Chicago Tribune Business News
Apr 13, 2024

It's almost April 15. Here's how to reduce stress and get your taxes done
Financial stress during tax season can manifest in different ways, whether that's procrastinating on your tax return until the last minute or experiencing intense stress about filing incorrectly.

Chicago Tribune Business News
Apr 13, 2024

Here's how to reduce stress and get your taxes done
Financial stress during tax season can manifest in different ways, whether that's procrastinating on your tax return until the last minute or experiencing intense stress about filing incorrectly.

Chicago Tribune Business News
Apr 13, 2024

Economic development leader Andrea Zopp adds a new twist to her roster: The Chicago Bears
The job announcement came as a bit of a surprise. Andrea "Andy" Zopp has been the CEO of World Business Chicago, the crux of the city's economic development arm. She has served as deputy mayor of Chicago under Rahm Emanuel, heading up neighborhood economic development. And with a career trajectory that includes executive positions at […]

Chicago Tribune Business News
Apr 12, 2024

Funds to boost Will County plan for truck route between I-57, Illinois 394
Will County has received $500,000 in federal funding for the Eastern Will County Truck Routing Project that will help a plan to redirect freight traffic from neighborhoods and identify a truck route in the eastern portion of the county.

Chicago Tribune Business News
Apr 12, 2024

Bears CEO Kevin Warren purchased a $1.75M Streeterville condo last summer
The condo that Warren and his wife purchased offers an open-concept living and dining area and lake views.

Chicago Tribune Business News
Apr 12, 2024

Former Chicago Fire player Kacper Przybylko lists Orland Park home for $689,000
Przybylko returned to Europe in February and signed a deal with a Swiss soccer club.

Chicago Tribune Business News
Apr 12, 2024

Demand keeps home supply tight, prices high in Northwest Indiana
Northwest Indiana continues to operate outside of national housing trends as a tight supply keeps home prices strong and sales numbers steady. Sales have dropped from this peak in 2022, but that was a very high peak, Peter Novak Jr., CEO of the Northern Indiana Realtors Association, said following the release of February's housing report compiled by the agency. Demand remains high because supply remains tight, despite a less robust market. Home values also remain strong throughout the region. "Prices really never dropped despite a decrease in sales," Novak said. Home prices are consistently above last year's home prices. Lake […]

Chicago Tribune Business News
Apr 12, 2024

Highland Park amends liquor-license regulations, but keeps holders from elected office
Members of the public, restaurant organizations and business owners have voiced their disapproval with the council's reluctance to amend the law.

Chicago Tribune Business News
Apr 12, 2024

A healthy US economy's secret ingredient: Immigrant workers, eager to fill jobs
Millions of jobs that new immigrants have been filling in the United States appear to solve a riddle that has confounded economists for at least a year: How has the U.S. economy managed to prosper?

Chicago Tribune Business News
Apr 11, 2024

Congress summons Boeing's CEO to testify on its jetliner safety following new whistleblower charges
A Senate subcommittee has summoned Boeing CEO David Calhoun to testify about the company's jetliners in an inquiry prompted by new safety-related charges from a whistleblower.

Chicago Tribune Business News
Apr 11, 2024

Former NFL player opens Englewood small business incubator to encourage South and West Side youths
Co-LLAB is another branch of the Male Mogul Initiative, founded by Walter Mendenhall in 2017 to help South and West side youths.

Chicago Tribune Business News
Apr 11, 2024

Former NFL player opens Englewood small business incubator to encourage South, West Side youths
Co-LLAB is another branch of the Male Mogul Initiative, founded by Walter Mendenhall in 2017 to help South and West side youths.

Chicago Tribune Business News
Apr 11, 2024

Bally's Chicago revenue up 12.7% in March as casino company weighs buyout offer
The uptick in revenue at the Medinah Temple casino comes as the company weighs a buyout offer from its largest shareholder.

Chicago Tribune Business News
Apr 11, 2024

Freight railroads ask courts to throw out new rule requiring two-person crews on trains
Four railroads have asked federal appeals courts to throw out a new rule that would require two-person train crews in most circumstances. The identical challenges were filed this week in appellate courts across the country. They call the Federal Railroad Administration's new rule arbitrary, capricious and an illegal abuse of discretion. The rail industry has long opposed such a rule. They say safety data doesn't support it and crew size should be determined by negotiations. But regulators and unions argue that there are clear safety benefits to having two people operating trains because they can keep each other alert and the conductor can respond immediately to any problems.

Chicago Tribune Business News
Apr 11, 2024

Terry Savage: Credit card ‘bewares'
Some of my best column ideas come from you, my readers. The example below was posted on my AskTerry blog at TerrySavage.com. It inspired me to do some digging, not only into this situation, but other credit card tricks that can be truly shocking if you're unaware.

Chicago Tribune Business News
Apr 11, 2024

Amazon hit with $525 million jury verdict in patent case brought by Chicago tech firm
The patent case, which was heard in federal court in Chicago, centered around data-storage patents held by West Loop-based Kove.

Chicago Tribune Business News
Apr 11, 2024

Instagram begins blurring nudity in messages to protect teens and fight sexual extortion
Instagram said it's deploying new new tools to protect young people and combat sexual extortion, including a feature that will automatically blur nudity in direct messages.

Chicago Tribune Business News
Apr 11, 2024

Lakeview 5-bedroom home with rooftop deck: $2M
Address: 1632 W. Wolfram St., Chicago Price: $1,950,000 Listing date: Jan. 17, 2024 This five-bedroom, five-bathroom home in the Lakeview neighborhood has three levels, including a finished lower level, a two-car garage and a rooftop deck. The first level contains a living room with a gas fireplace, a dining area with large windows, a kitchen […]

Chicago Tribune Business News
Apr 10, 2024

Historic 152-year-old River North building ‘slips through the cracks,' faces imminent demolition
The three-and-a-half story brick and cast-iron building at 720 N. Wells St. rose from the ashes of the Great Chicago Fire with the seventh permit issued during the city's rebuilding.

Chicago Tribune Business News
Apr 10, 2024

Internet providers must now be more transparent about fees, pricing, FCC says
Internet service providers selling home access or mobile broadband plans will be required to have a label for each plan beginning April 10.

Chicago Tribune Business News
Apr 10, 2024

P&G retira del mercado 8.2 millones de paquetes de Tide, Gain y otros detergentes para ropa por defectos de embalaje
Procter & Gamble está retirando del mercado más de 8 millones de paquetes de detergente para ropa Tide, Gain, Ace y Ariel vendidos en Estados Unidos y Canadá debido a un defecto en el empaque a prueba de niños de los productos.

Chicago Tribune Business News
Apr 10, 2024

Downtown Chicago's condo development boom has ended. Here's why.
High interest rates and construction costs have brought condo construction to an end.

Chicago Tribune Business News
Apr 09, 2024

One Winnetka development approved by village after nearly a decade
A complicated chapter of village history may be coming to a close as the developers of the so-called One Winnetka site have received crucial approval from the Winnetka Village Council. Nearly 10 years after the initial introduction of plans to redevelop the vacant downtown property, on April 2 village trustees unanimously signed off on a […]

Chicago Tribune Business News
Apr 09, 2024

US Postal Service seeking to hike cost of first-class stamp to 73 cents
The U.S. Postal Service signaled plans Tuesday for a rate increase that includes hiking the cost of a first-class stamp from 68 cents to 73 cents, part of an overall 7.8% increase to take effect this summer.

Chicago Tribune Business News
Apr 09, 2024

Two financial institutions to take over empty Barnes & Noble building in downtown Naperville
A pair of banking/financial institutions will be filling the downtown Naperville space formerly occupied by Barnes & Noble, according to the real estate broker handling the leases.

Chicago Tribune Business News
Apr 09, 2024

Highland Park 6-bedroom home with indoor swimming pool: $3.5M
Address: 493 Hazel Ave., Highland Park Price: $3,500,000 Listing date: March 22, 2024 This six-bedroom home sits on more than an acre in the center of Highland Park and has a heated sunroom and an indoor swimming pool with a wall of glass that opens to the outdoors. The first floor features a great room, […]

Chicago Tribune Business News
Apr 09, 2024

Zombie malls and other retail centers getting extreme makeovers to keep up with the times
Denise Richardson took her kids to Spring Hill Mall so often that at Christmas time, the Santa Claus there recognized them by name. She remembers when department stores moved out of downtown Elgin to the mall when it opened in West Dundee in 1980, and it was the place to be. But the mall closed last month, the victim of trends that have been reshaping retail for years. Online shopping. The growth of so-called lifestyle centers in new growth corridors. The COVID pandemic and working from home. Richardson, who was general manager of the mall, hates to see it go. […]

Chicago Tribune Business News
Apr 09, 2024

Terry Savage: The pros and cons of reverse mortgages
For seniors who own their own home — fully paid off or with a small remaining mortgage — but need more income, a reverse mortgage can be the perfect solution. Or it can be a costly mistake.

Chicago Tribune Business News
Apr 08, 2024

CTA said more train service would be coming. Most riders will have to wait longer for that to happen.
The agency plans to regularly roll out updated schedules through the summer, as more rail operators are trained.

Chicago Tribune Business News
Apr 08, 2024

Workers at North Center Trader Joe's are first in Chicago to file for union election
If a majority of the roughly 140 eligible crew members at the store vote to unionize, the location will become the first unionized Trader Joe's in Chicago and fifth nationwide.

Chicago Tribune Business News
Apr 08, 2024

Rivian hosts R2 open house in Normal, its new production home
The low-key but festive event showcased the midsize R2 SUV, which will be built in Normal after Rivian delayed plans for a second plant in Georgia.

Chicago Tribune Business News
Apr 08, 2024

$1.9M Queen Anne-style home in River Forest is that village's priciest listing
Built in 1910, the house has been transformed over the past few years by its current owners.

Chicago Tribune Business News
Apr 06, 2024

Former Bears offensive coordinator Luke Getsy sells Waukegan home for $1.6M
Built in 1998, the home has five bathrooms, four fireplaces and new hardwood floors.

Chicago Tribune Business News
Apr 05, 2024

Southwest Airlines jet engine catches fire before taking off from Texas
Southwest says the Boeing 737 was preparing to take off from Lubbock, Texas, and fly to Las Vegas late Thursday when pilots got a report of an engine issue.

Chicago Tribune Business News
Apr 05, 2024

P&G recalls 8.2 million bags of Tide, Gain and other laundry detergents over packaging defect
Procter & Gamble is recalling more than 8 million bags of Tide, Gain, Ace and Ariel laundry detergent packets sold in the U.S. and Canada.

Chicago Tribune Business News
Apr 05, 2024

City proposes key change to O'Hare airport rebuild, after months of negotiations with airlines
The city wants to accelerate completion of the Global Terminal. Initially, the plan was to build two satellite concourses first.

Chicago Tribune Business News
Apr 05, 2024

Museum of Contemporary Art will voluntarily recognize staff union
The MCA is the first Chicago museum to offer voluntary recognition to its staff union with AFSCME Council 31, a union spokesperson said.

Chicago Tribune Business News
Apr 05, 2024

McDonald's buys its Israeli restaurants from franchisee who sparked costly boycotts
The franchisee for the Israeli restaurants sparked controversy in October when it announced on social media that McDonald's was providing free meals for Israeli soldiers.

Chicago Tribune Business News
Apr 05, 2024

Justice Department can reopen realtors case, court rules
A federal appeals court Friday rejected a bid by the Chicago-based National Association of Realtors to enforce a 2020 settlement with the Trump administration to close the antitrust case.

Chicago Tribune Business News
Apr 05, 2024

Unit owner concerned about language added to HOA's rules
Q: The homeowners association (HOA) of our complex added language to the association's rules and regulations that I believe is alarming and invalid. I read your column every week and wanted to get your take.

Chicago Tribune Business News
Apr 04, 2024

Chicago Fed president still sees inflation on ‘golden path' to 2%, but housing costs need to come down before rates cut
Housing inflation has proved more stubborn than other components of the Consumer Price Index, and may determine when the Fed cuts interest rates, Chicago Fed President Austan Goolsbee said Thursday.

Chicago Tribune Business News
Apr 04, 2024

Pilot says brakes seemed less effective than usual before a United Airlines jet slid off a taxiway
The captain of a United Airlines jet said the brakes seemed less effective than normal and the plane and brake pedals shook violently just before the Boeing 737 Max slid off a taxiway in Houston last month. According to a preliminary report released Thursday by the National Transportation Safety Board, the pilots were uncertain about […]

Chicago Tribune Business News
Apr 04, 2024

Streeterville 2-bedroom home with spa bath: $1.5M
This home is outfitted with a Smart House system including Lutron switches, a video camera security system and motorized window shades.

Chicago Tribune Business News
Apr 04, 2024

Why do property owners let homes and storefronts sit empty?
Q: I'm curious. There are several abandoned homes in my area. They are/were beautiful, but year after year, they sit empty. Similarly, there are a number of empty storefronts in my area, all with substantially high, competitive rates.

Chicago Tribune Business News
Apr 03, 2024

Attorneys call on AG's office to criminally investigate former doctor Fabio Ortega and health systems where he worked
The request came the same day that one of the women who is suing Ortega and Swedish Covenant Health spoke publicly for the first time.

Chicago Tribune Business News
Apr 03, 2024

WBEZ announces layoffs, ends Vocalo radio broadcast
The company said in the announcement Wednesday the decisions were made in order to "manage the organization for long-term sustainability."

Chicago Tribune Business News
Apr 03, 2024

Deerfield-based Walgreens hit with $2.7 billion tax bill after IRS audit
The pharmacy chain said it disagrees with the audit and plans to "vigorously defend" its position in appeals, according to a company filing to the U.S. Securities and Exchange Commission on Feb. 29.

Chicago Tribune Business News
Apr 03, 2024

NASCAR Chicago Street Race to close downtown roads again this summer
Road closures will begin nearly a month before the July race.

Chicago Tribune Business News
Apr 02, 2024

The largest fresh egg producer in the US has found bird flu in chickens at a Texas plant
The largest producer of fresh eggs in the U.S. said Tuesday it had temporarily halted production at a Texas plant after bird flu was found in chickens, and officials said the virus had also been detected at poultry facility in Michigan.

Chicago Tribune Business News
Apr 02, 2024

The largest fresh egg producer in the US has found bird flu in chickens at Texas and Michigan plants
The largest producer of fresh eggs in the U.S. said Tuesday it had temporarily halted production at a Texas plant after bird flu was found in chickens, and officials said the virus had also been detected at poultry facility in Michigan.

Chicago Tribune Business News
Apr 02, 2024

This mob-era Las Vegas casino is officially closed. Here are some big moments in its 67 years
After 67 years, the Las Vegas Strip's third-oldest casino, the Tropicana Las Vegas, shut its doors for good on Tuesday.

Chicago Tribune Business News
Apr 02, 2024

Northbrook-based UL Solutions seeks up to $812 million in IPO
The listing could give the Northbrook-based safety firm a market value of about $5.8 billion, based on the number of shares outstanding in its filings.

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