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 NEWS: CHICAGO TRIBUNE BUSINESS NEWS
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   NEWS: CHICAGO TRIBUNE BUSINESS NEWS
Chicago Tribune Business News
Dec 08, 2022

Women sue Twitter alleging discriminatory layoffs under Elon Musk's leadership
Two women who lost their jobs at Twitter when billionaire Elon Musk took over are suing the company in federal court, claiming that last month's abrupt mass layoffs disproportionately affected female employees.

Chicago Tribune Business News
Dec 08, 2022

FTC sues to block Microsoft-Activision Blizzard $69B merger
The Federal Trade Commission on Thursday sued to block Microsoft's planned $69 billion takeover of video game company Activision Blizzard.

Chicago Tribune Business News
Dec 08, 2022

Gimme shelter: fewer homes being built as builders pull back
Homebuilders have pumped the brakes on new single-family home construction this year, a trend that's likely to extend into 2023

Chicago Tribune Business News
Dec 08, 2022

Former White Sox shortstop Alexei Ramirez sells Lincoln Park home for $725,000
Ramirez now lives in Florida

Chicago Tribune Business News
Dec 08, 2022

President Biden giving nearly $36 billion to aid Teamsters' pension fund, with 25,000 participants in Illinois
President Biden is announcing the release of nearly $36 billion to stop severe cuts to the retirement incomes of more than 350,000 Teamsters workers and retirees.

Chicago Tribune Business News
Dec 08, 2022

Craft beer bubble burst? Not quite — but after years of growth in Chicago, closures and headwinds arrive
Chicago's craft brewery scene has mirrored national growth over the past decade, but closures and fewer openings signal potential struggles ahead.

Chicago Tribune Business News
Dec 07, 2022

Skokie's Old Orchard getting complete overhaul, with new apartments and town square
The $100 million transformation of Westfield Old Orchard will be the most far-reaching in its 66-year history

Chicago Tribune Business News
Dec 07, 2022

Lawmakers drop journalism act from ‘must-pass' defense spending bill under pressure from Facebook
Despite the setback, sources said there are still pathways to getting the journalism bill approved before the 117th Congress wraps up business.

Chicago Tribune Business News
Dec 07, 2022

Chicago attracting a healthy amount of investment, but all neighborhoods aren't equal
Neighborhoods where most residents are Black received a fraction of the overall investment recorded in mostly white neighborhoods

Chicago Tribune Business News
Dec 07, 2022

As supply chains unclog, consumers enjoy (tentative) relief
The supply backlogs of the past two years — and the delays, shortages and outrageous prices that came with them — have improved dramatically since summer.

Chicago Tribune Business News
Dec 07, 2022

Ferrero buys Blue Bunny ice cream maker Wells Enterprises
The deal follows a period of growth for Ferrero, including its 2017 purchase of Chicago-based Fannie May, plans for an innovation center in the former Marshall Field's building in downtown Chicago and two expansions at its Bloomington candymaking operations.

Chicago Tribune Business News
Dec 06, 2022

Judge slashes award for flight attendant who sued Southwest
A federal judge cut a flight attendant's $5.1 million jury award to about $800,000 but ordered Southwest Airlines to rehire the woman, who had claimed that the airline and her union conspired to fire her for expressing opposition to abortion.

Chicago Tribune Business News
Dec 06, 2022

Park Ridge's vintage Pickwick Theatre plans to close in January
Park Ridge's iconic Pickwick Theater will close in January, its owner said.

Chicago Tribune Business News
Dec 06, 2022

Facebook threatens to remove all news content if bill forcing payments to local media outlets passes
The social media giant made the threat after reports surfaced that the measure, which has stalled in the Senate, would be added to the annual defense authorization bill before Congress.

Chicago Tribune Business News
Dec 06, 2022

Oversight board criticizes Meta for preferential treatment of celebrities, politicians and business partners
Meta was harshly criticized by an internal oversight board for policies that give celebrities, politicians and business partners special treatment compared with the vast majority of Facebook and Instagram users.

Chicago Tribune Business News
Dec 06, 2022

Farmers of color sue government for promised federal aid
The federal government has illegally broken a promise to pay off the debts of a group of Black farmers, according to a class-action lawsuit.

Chicago Tribune Business News
Dec 06, 2022

Chicago casino won't be a ‘glitzy Las Vegas strip joint' but a ‘series of experiences,' developers say
To appease concerned residents, the design now includes more greenspace road connections to ease traffic congestion.

Chicago Tribune Business News
Dec 05, 2022

Amtrak resumes full service on line that includes Homewood stop
Homewood and Amtrak officials marked the full resumption of daily rail service Monday at Homewood's historic train station, which underwent a $15 million rehab.

Chicago Tribune Business News
Dec 05, 2022

Uber to pay millions to Chicago restaurants in settlement agreement with city
The settlement results from a two-year investigation by the city into alleged misconduct on Uber's meal delivery platforms.

Chicago Tribune Business News
Dec 05, 2022

Actor Jeff Garlin sells Gold Coast condo for $815,000
Garlin is now based in New York City and Los Angeles

Chicago Tribune Business News
Dec 04, 2022

50 years ago, a plane crashed into homes outside Midway, killing 45 people. The neighborhood hasn't forgotten.
Fifty years after the crash of United Flight 553 outside Midway much has changed at the airport and in commercial aviation.

Chicago Tribune Business News
Dec 04, 2022

Fifty years ago, a plane crashed into homes outside Midway, killing 45 people. The neighborhood hasn't forgotten.
Fifty years after the crash of United Flight 553 outside Midway much has changed at the airport and in commercial aviation.

Chicago Tribune Business News
Dec 02, 2022

Community Healthcare System, Aetna engaged in contract dispute
Aetna, one of the largest health care insurance providers in the U.S., and Munster-based Community Healthcare System have failed to reach an agreement over new contracts.

Chicago Tribune Business News
Dec 02, 2022

A driver shortage has been driving up Uber prices, CEO Dara Khosrowshahi says
Chicago will likely be "a bigger and bigger part" of Uber's workforce, CEO Dara Khosrowshahi said during an appearance in the city.

Chicago Tribune Business News
Dec 02, 2022

Rail strike averted: Biden signs bill enforcing agreement
President Biden signed a bill Friday to avert a freight rail strike that he said could have plunged the U.S. into a catastrophic recession.

Chicago Tribune Business News
Dec 02, 2022

Former Chicago Blackhawks left wing Brandon Bollig lists River North condo for $1.1M
Bollig was a member of the Blackhawks' 2013 Stanley Cup-winning team

Chicago Tribune Business News
Dec 02, 2022

Former Chicago Blackhawks left wing Brandon Bollig lists River North condo for nearly $1.1M
Brandon Bollig and his wife completed extensive renovations before the pandemic hit.

Chicago Tribune Business News
Dec 02, 2022

US hiring stayed strong in November as employers add 263,000
The nation's employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in the face of the Federal Reserve's aggressive interest rate hikes.

Chicago Tribune Business News
Dec 01, 2022

Senate reaches deal to vote quickly on averting a rail strike
The Senate moved quickly Thursday to avert a rail strike that the Biden administration and business leaders warned would have had devastating consequences for the nation's economy.

Chicago Tribune Business News
Dec 01, 2022

Chicago Fed names ex-Obama adviser Goolsbee as next leader
As head of a regional Fed bank, the new president will have a vote on the central bank's interest rate decisions next year.

Chicago Tribune Business News
Dec 01, 2022

Fed matches year of hot inflation with feverish rate hikes
The central bank's plan to fight stubbornly high prices on everything from food to clothing has been the central focus for Wall Street in 2022.

Chicago Tribune Business News
Dec 01, 2022

3 new bars making a splash in Chicago, from an urban winery to Ever's After
Ever restaurant opened After, a chic lounge, in the West Loop, while Chicago Winery puts down roots in River North and Yardbird's Bourbon Room looks to make a splash.

Chicago Tribune Business News
Dec 01, 2022

4 things driving Chicago property tax bills higher: Look up your neighborhood
Not all Chicago neighborhoods are bearing the tax burden equally: In one largely Latino area, the median residential tax bill grew by more than $2,200.

Chicago Tribune Business News
Dec 01, 2022

4 things driving up Chicago property tax bills
Not all neighborhoods are bearing the tax burden equally: In one largely Latino area, the median residential tax bill grew by more than $2,200.

Chicago Tribune Business News
Nov 30, 2022

Powell: Fed to keep rates higher for longer to cut inflation
The Federal Reserve will push rates higher than previously expected and keep them there for an extended period.

Chicago Tribune Business News
Nov 30, 2022

Pizza Fried Chicken Ice Cream closing in Bridgeport: ‘PFCIC wasn't sustainable'
Pizza Fried Chicken Ice Cream will close in Chicago's Bridgeport neighborhood at the end of the year, after co-founder Ed Marszewski and the Eat Free Pizza team launched in 2020.

Chicago Tribune Business News
Nov 30, 2022

Amazon says it had its biggest Thanksgiving shopping weekend
The company was aided by a record number of consumers looking for deals online amid high inflation.

Chicago Tribune Business News
Nov 30, 2022

House votes to avert rail strike, impose deal on unions
The U.S. House moved urgently to head off the looming nationwide rail strike on Wednesday.

Chicago Tribune Business News
Nov 30, 2022

Bally's addresses traffic, crime concerns at temporary Medinah Temple casino site
The building is slated to open in June and operate as a casino for up to three years until a permanent site opens at the Tribune printing plant.

Chicago Tribune Business News
Nov 30, 2022

US job openings fell in October to still-high level
Businesses became slightly less needy for workers as the Federal Reserve ramped up interest rates in an effort to cool the economy.

Chicago Tribune Business News
Nov 30, 2022

Metra train fatally strikes pedestrian near Arlington Heights, officials say
A Metra UP-NW train fatally struck a female pedestrian near Arlington Heights Wednesday morning, causing extensive delays and halting certain operations, according to officials.

Chicago Tribune Business News
Nov 29, 2022

CEOs of Jewel, Mariano's parent companies defend proposed megamerger before Senate lawmakers
The proposed megamerger has raised concerns that it would weaken competition in Chicago and other areas where the grocery companies have significant store overlap.

Chicago Tribune Business News
Nov 29, 2022

What to know about President Biden's plan to block a possible strike
A look at Congress' options to intervene, the potential impact on consumers, and what happens next.

Chicago Tribune Business News
Nov 29, 2022

Drug company Horizon Therapeutics confirms it is in talks with potential suitors
Horizon confirmed the discussions Tuesday in a news release

Chicago Tribune Business News
Nov 29, 2022

Illinois, other states reach $9.4 million settlement with Google, iHeartMedia over misleading ads
The Federal Trade Commission and a handful of states announced settlements Monday with Google and iHeartMedia related to misleading radio advertisements about a Google cellphone.

Chicago Tribune Business News
Nov 29, 2022

Claire's announces store within a store at Macy's in Oakbrook Center
In time for the holiday shopping season, Claire's announces a store within a store at Macy's in Oakbrook Center.

Chicago Tribune Business News
Nov 29, 2022

Elizabeth restaurant to close after 10 years of whimsical dining
Elizabeth restaurant, lauded as one of the country's most important, will close in December, 10 years after chef Iliana Regan opened in Chicago.

Chicago Tribune Business News
Nov 28, 2022

President Biden calls on Congress to stop a potential railroad strike
President Joe Biden on Monday called on Congress to pass legislation to intervene and block a railroad strike before next month's deadline in the stalled contract talks.

Chicago Tribune Business News
Nov 28, 2022

Business groups urge Congress to block potential rail strike
The groups are increasing the pressure on lawmakers to intervene and block a railroad strike before next month's deadline in the stalled contract talks.

Chicago Tribune Business News
Nov 28, 2022

Cyber Monday deals lure in consumers amid high inflation
Cyber Monday is expected to remain the year's biggest online shopping day and rake in up to $11.6 billion in sales.

Chicago Tribune Business News
Nov 28, 2022

Ken Griffin finds buyer for Park Tower condo he listed for $13M
Griffin relocated his hedge fund, Citadel, to south Florida

Chicago Tribune Business News
Nov 27, 2022

Along the Mag Mile, a new crop of retailers await holiday shoppers. ‘We love that our store surprises people'
By offering shoppers fresh options, landlords are hoping to revitalize Chicago's Magnificent Mile

Chicago Tribune Business News
Nov 27, 2022

Through a Chicago high school's drone-flying program, teens expand their horizons
Corliss' new aviation program gives students the chance to train for the FAA's unmanned drone pilot certification exam, a license that permits flying drones for hire.

Chicago Tribune Business News
Nov 26, 2022

What will Obama center mean for nearby home values on the South Side? Wary of being priced out, groups push for housing benefits and protections
The activists have a long list of asks, from funding for home repairs to eviction protections and more affordable housing.

Chicago Tribune Business News
Nov 25, 2022

Despite inflationary 2022, shoppers turn out for Black Friday
Shoppers hit stores in search of deals in the wake of soaring prices.

Chicago Tribune Business News
Nov 25, 2022

Photos: Chicagoland Black Friday shopping
Retailers across the Chicago area hope to see a return to Black Friday bargain seekers to drive holiday traffic.

Chicago Tribune Business News
Nov 25, 2022

Inflation hovers over shoppers on Black Friday: ‘The money is not going as far as last year'
Black Friday marks a return to familiar holiday shopping patterns, but inflation is weighing on consumers.

Chicago Tribune Business News
Nov 25, 2022

Fees for using MyChart? More Chicago-area health systems charging for some messages
A growing number of health systems in the Chicago area and across the country are now charging for some types of messages sent through online patient portals.

Chicago Tribune Business News
Nov 24, 2022

Elon Musk will grant ‘amnesty' to suspended Twitter accounts
New Twitter owner Elon Musk said that he is granting "amnesty" for suspended accounts, which online safety experts predict will spur a rise in harassment, hate speech and misinformation.

Chicago Tribune Business News
Nov 24, 2022

Holiday shopping kicks off with inflation dampening spirits
While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty still remains.

Chicago Tribune Business News
Nov 23, 2022

Dubuque? We don't fly there anymore. Airlines say goodbye to regional airports.
An unexpected hangover of the pandemic has been the withered flight schedules at many regional airports.

Chicago Tribune Business News
Nov 23, 2022

Sale of Weiss, West Suburban hospitals moving forward, despite bankruptcy
The agreement comes after Pipeline, which has owned the hospitals since 2019, filed for chapter 11 bankruptcy in October, which had thrown the future of the sale into question.

Chicago Tribune Business News
Nov 23, 2022

‘Your budget is your hot trend': Retailers attempt to lure price-weary shoppers with deep discounts ahead of Black Friday
With Americans facing higher prices for everything from rent to groceries, retailers are acutely aware consumers have less money to spend than they did last year and are offering steep holiday discounts beyond Black Friday.

Chicago Tribune Business News
Nov 22, 2022

WGN-Ch. 9 anchor Robin Baumgarten buys home in Lemont, sells another in Orland Park
Baumgarten has been with Channel 9 since joining the station as a traffic and transportation reporter in 1996

Chicago Tribune Business News
Nov 22, 2022

WGN-Channel 9 anchor Robin Baumgarten buys home in Lemont, sells another in Orland Park
Baumgarten has been with Channel 9 since joining the station as a traffic and transportation reporter in 1996

Chicago Tribune Business News
Nov 22, 2022

Former WFLD-Channel 32 meteorologist Bill Bellis sells Lakeview home for $895,000
Bellis was at Fox 32 from 2011 until February 2021

Chicago Tribune Business News
Nov 22, 2022

Investigators: Firm that cleans meat plants employed minors
A Wisconsin company that cleans hundreds of meatpacking plants nationwide is defending itself against allegations that it employed more than two dozen minors.

Chicago Tribune Business News
Nov 22, 2022

Barnes and Noble reopens Skokie bookstore in new Old Orchard location
Barnes & Noble is opening a bookstore in Skokie's Westfield Old Orchard Shopping Center in a different location from the old store, which closed months ago.

Chicago Tribune Business News
Nov 22, 2022

Dangerous, recalled toys can still be found online during the holiday shopping season, consumer advocates warn
Illinois consumer advocates have a message to those shopping for toys: Be careful

Chicago Tribune Business News
Nov 22, 2022

Best Buy's outlook on sales improves ahead of the holidays
Retailers including Best Buy are facing a cloudy picture heading into the Black Friday weekend, considered the kickoff to the holiday shopping season.

Chicago Tribune Business News
Nov 22, 2022

A rail strike looms and impact on US economy could be broad
American consumers and nearly every industry will be affected if freight trains grind to a halt next month.

Chicago Tribune Business News
Nov 21, 2022

Photos: O'Hare gets busy with Thanksgiving travelers
O'Hare International Airport gets busy with Thanksgiving travelers.

Chicago Tribune Business News
Nov 21, 2022

Elon Musk's Twitter reinstates Rep. Marjorie Taylor Greene, days after former President Trump's account returns to platform
Elon Musk's Twitter has reinstated the personal account of far-right Rep. Marjorie Taylor Greene, which was banned in January for violating the platform's COVID misinformation policies at the time.

Chicago Tribune Business News
Nov 21, 2022

Bally's executes sale-leaseback on newly acquired Freedom Center site, raising up to $500 million to develop Chicago casino
The Rhode Island-based company bought the printing plant site for $200 million Friday from Nexstar Media Group.

Chicago Tribune Business News
Nov 21, 2022

Consumers could pay price if railroads, unions can't agree
Consumers could quickly start seeing higher gas prices and shortages of some of their favorite groceries if railroads aren't able to agree on contracts with all 12 of their unions ahead of next month's deadline after the latest rejection vote Monday.

Chicago Tribune Business News
Nov 21, 2022

US supply chain under threat as unions, railroads, clash
Railroad engineers accepted their deal with the railroads that will deliver 24% raises but conductors rejected theirs, threatening the health of the economy just before the holidays.

Chicago Tribune Business News
Nov 21, 2022

Carriers feeling cheery about on-time holiday deliveries
The nation's major shipping companies are in the best shape to get holiday shoppers' packages delivered on time since the start of the pandemic, suggesting a return to normalcy.

Chicago Tribune Business News
Nov 21, 2022

Interior designer John Robert Wiltgen selling Streeterville condo for $1.1M
Wiltgen and his husband paid $580,000 for the unit in 2019 and rehabbed it

Chicago Tribune Business News
Nov 20, 2022

Neighborhood pride competes with gentrification fears for Woodlawn residents coping with Obama Center traffic woes
Riders on the Jackson Park Express bus talk describe commuting inconveniences as they weigh in on the transformation of their neighborhood into an elite tourist destination.

Chicago Tribune Business News
Nov 19, 2022

Tesla recalls 300K vehicles over taillight software glitch
Tesla says in documents posted Saturday by the U.S. National Highway Traffic Safety Administration that the glitch may affect one or both taillights on certain Model 3 and Model Y vehicles.

Chicago Tribune Business News
Nov 19, 2022

Public safety accounts urge caution on Twitter amid changes
Across the country, government agencies, especially those tasked with sending messages during emergencies, have embraced Twitter over the last decade.

Chicago Tribune Business News
Nov 18, 2022

Bally's buys Freedom Center for $200 million, taking ownership of Tribune printing plant and future site of Chicago's casino
What becomes of the Chicago Tribune's 41-year-old printing plant remains to be seen.

Chicago Tribune Business News
Nov 18, 2022

Twitter risks crash as engineers exit over Elon Musk upheaval
Twitter continued to bleed engineers and other workers after new owner Elon Musk gave them a choice to pledge to "hardcore" work or resign with severance pay.

Chicago Tribune Business News
Nov 18, 2022

Former WBBM-Ch. 2 anchor Harry Porterfield sells home in Gary's Miller Beach area for $228,500
Former WBBM-Ch. 2 and WLS-Ch. 7 news anchor Harry Porterfield on Oct. 31 sold his longtime four-bedroom midcentury modern house in Gary's Miller Beach area for $228,500.

Chicago Tribune Business News
Nov 18, 2022

Former WBBM-Channel 2 anchor Harry Porterfield sells home in Gary's Miller Beach area for $228,500
Former WBBM-Channel 2 and WLS-Channel 7 news anchor Harry Porterfield on Oct. 31 sold his longtime four-bedroom mid-century modern house in Gary's Miller Beach area for $228,500.

Chicago Tribune Business News
Nov 18, 2022

US home sales fell in October for ninth straight month
Sales are now at the slowest annual pace since December 2011, when the housing market was still mired in a deep slump following the foreclosure crisis of the late 2000s.

Chicago Tribune Business News
Nov 18, 2022

Lake Forest estate owned by the late widow of filmmaker John Hughes sells for $13M
The Lake Forest estate of the late philanthropist Nancy Hughes -- the widow of filmmaker John Hughes -- sold Thursday for $13 million.

Chicago Tribune Business News
Nov 18, 2022

More Twitter workers flee after Elon Musk's ‘hardcore' ultimatum
Twitter continued to bleed engineers and other workers after new owner Elon Musk gave them a choice to pledge to "hardcore" work or resign with severance pay.

Chicago Tribune Business News
Nov 17, 2022

SpaceX employees fired after calling out CEO Elon Musk accuse company of violating labor law
Several SpaceX employees who were fired after circulating an open letter calling out CEO Elon Musk's behavior have filed a complaint accusing the company of violating labor laws.

Chicago Tribune Business News
Nov 17, 2022

Illinois doctors plead with parents to get flu shots for kids, amid hospital crowding
Health leaders are pleading with parents to get their children vaccinated against the flu, which is spreading in the Chicago area.

Chicago Tribune Business News
Nov 17, 2022

2 North Side Starbucks close down as workers join national 1-day strike amid dispute over bargaining
The one-day national strike is timed with Starbucks' annual Red Cup Day holiday promotion, during which customers who order qualifying drinks receive a limited-edition reusable red cup.

Chicago Tribune Business News
Nov 17, 2022

Macy's boosts 2022 guidance as retailers see mixed financial results amid inflation
Major retailers have reported mixed performances for the third quarter this week, illustrating how volatile the exit from a global pandemic has been.

Chicago Tribune Business News
Nov 17, 2022

Fewer Americans file for jobless benefits last week
The total number of Americans collecting unemployment aid rose by 13,000 to 1.51 million for the week ending Nov. 5. a seven-month high, but still not a concerning level.

Chicago Tribune Business News
Nov 17, 2022

Macy's boosts 2022 guidance while Kohl's outlook withdrawn
Major retailers have reported mixed performances for the third quarter this week, illustrating how volatile the exit from a global pandemic has been.

Chicago Tribune Business News
Nov 17, 2022

SpaceX employees say they were fired for speaking up about Elon Musk
Interviews with eight SpaceX employees who filed unfair-labor-practice charges arguing that their firings were illegal highlight Elon Musk's firm grip on his workplaces, perhaps even beyond the restraints of federal law.

Chicago Tribune Business News
Nov 16, 2022

Amazon begins mass layoffs among corporate workforce
Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment.

Chicago Tribune Business News
Nov 16, 2022

Whole Foods ‘not a good partner' for shutting Englewood store, Lightfoot says as aldermen OK $13 million in city money to reopen, rehab Save-a-Lots
The city grant will help reopen an Auburn Gresham store that closed in 2020, plus rehab five more, mostly on the South Side.

Chicago Tribune Business News
Nov 16, 2022

Whole Foods ‘not a good partner' for shutting Englewood store, Lightfoot says as City Council OKs $13 million grant for to reopen, rehab Save-a-Lots
The city grant will help reopen an Auburn Gresham store that closed in 2020, plus rehab five more, mostly on the South Side, where food deserts are a problem.

Chicago Tribune Business News
Nov 16, 2022

Mayor Lori Lightfoot chastises security detail for parking in a bike lane while she picked up doughnuts
The mayor said she only became aware of what occurred through media accounts.

Chicago Tribune Business News
Nov 16, 2022

Wilmette mansion once owned by Smashing Pumpkins guitarist James Iha listed for $3M
Iha owned the home from 1998 until 2001.

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