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Chicago Tribune Business News
Mar 27, 2023

First Citizens to acquire troubled Silicon Valley Bank
North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month.

Chicago Tribune Business News
Mar 27, 2023

Nominate your organization for the Chicago Tribune's 2023 Top Workplaces
The Chicago Tribune is seeking nominations for our 14th annual Top Workplaces special report

Chicago Tribune Business News
Mar 26, 2023

Moving hazardous chemicals by train is far safer than trucks, says top regulator who pushed merger and wants more freight moved by rail
Martin Oberman led the transportation board in approving the first big railroad merger in a quarter century, one that will have steep repercussions for Chicago-area communities. He cited safety as one of his chief reasons.

Chicago Tribune Business News
Mar 26, 2023

Billionaire Ken Griffin, now a resident of Miami, floats controversial idea to relocate historic mansion
Villa Serena, located in Miami's Coconut Grove area, was owned by onetime U.S. Secretary of State William Jennings Bryan

Chicago Tribune Business News
Mar 26, 2023

Condo Adviser: Condo boards are not legally required to hire management companies
Condo boards are also not required to hire professionals like accountants, engineers or attorneys.

Chicago Tribune Business News
Mar 24, 2023

Chicago Amtrak trains delayed, canceled at Union Station amid communication issues
At least six Chicago Amtrak trains have been cancelled and more delayed, Amtrak said.

Chicago Tribune Business News
Mar 24, 2023

Want to avoid the Kennedy? Try the CTA, which is adding more trains to Blue Line's busy northwest O'Hare branch
The additional service comes as ridership increases and Kennedy Expressway reconstruction begins, the agency said.

Chicago Tribune Business News
Mar 24, 2023

Want to avoid the Kennedy? Try the CTA, which is adding more trains to Blue Line's busy northwest O'Hare branch.
The additional service comes as ridership increases and Kennedy Expressway reconstruction begins, the agency said.

Chicago Tribune Business News
Mar 24, 2023

Salesforce, Meta looking to sublease downtown office space
Both tech companies have announced mass layoffs in recent months.

Chicago Tribune Business News
Mar 24, 2023

Advocate Health Care shifting to optional masking policies as COVID-19 cases remain low in Illinois
The shift marks the first easing of masking requirements at the health system since the pandemic hit more than three years ago

Chicago Tribune Business News
Mar 24, 2023

Labor board officials allege El Milagro in Chicago threatened workers for organizing
The complaint comes after employees at El Milagro, along with workers' center Arise Chicago, filed charges alleging labor law violations with the NLRB.

Chicago Tribune Business News
Mar 24, 2023

Twitter to revoke ‘legacy' verified badges in April, leaving only paying subscribers with blue check-marks
As Elon Musk promised, Twitter's previous blue check-mark verification regime will soon be history.

Chicago Tribune Business News
Mar 24, 2023

Palos Hospital targets underrepresented areas with career program showing ‘so many other things you can do in health care'
The inaugural year of the Northwestern Medicine Discovery Program South Region showcases careers in health care for 20 students from schools in Will and southern Cook counties

Chicago Tribune Business News
Mar 23, 2023

Internal Waukegan airport document shows corporations requested runway extension, Lake County environmentalists say
The report — prepared by a consultant at the request of the Federal Aviation Administration — says the project was requested through "direct input from corporate users" of the airport expressing a desire for a longer runway that would enable a popular jet model to make more nonstop flights to some international destinations.

Chicago Tribune Business News
Mar 23, 2023

New Starbucks CEO Laxman Narasimhan plans to work in stores monthly
Laxman Narasimhan expects the company's leadership team to be connected and engaged in stores

Chicago Tribune Business News
Mar 23, 2023

Gen Z job market turnover expected to exceed 2022 levels
The latest snapshot of the job market shows that more Generation Z workers are likely to change jobs

Chicago Tribune Business News
Mar 23, 2023

Warrenville home listed for $1.7M is now the highest-priced home in that western suburb
The home was built in 2006 and sits on a 0.91-acre lot

Chicago Tribune Business News
Mar 23, 2023

Ford says its EV business is losing billions, but should be seen as startup
Ford Motor Co.'s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year.

Chicago Tribune Business News
Mar 23, 2023

A last-minute guide to filing your 2022 return: EV credits, shrinking refunds and the end of pandemic tax relief
Refunds are shrinking for tax year 2022 as pandemic-era credits expire.

Chicago Tribune Business News
Mar 22, 2023

Evanston Starbucks employees join one day, nationwide strike
About a dozen workers and supporters, yelling slogans and carrying homemade signs gathered outside the Main Street store at 5 a.m. on March 22, joining workers from about 100 other Starbucks stores across the country taking part in the one day strike, said Connor Brennan, a union organizing committee member and Barista at the Main Street store.

Chicago Tribune Business News
Mar 22, 2023

How Chicago area home values compare by ZIP code
Here's a look at how Chicago area home values compare by ZIP code.

Chicago Tribune Business News
Mar 22, 2023

Federal Reserve raises its key rate by a quarter-point
The central bank also signaled that it's likely nearing the end of its aggressive series of rate hikes.

Chicago Tribune Business News
Mar 22, 2023

Fast-food giant McDonald's named founding promotional partner of the NASCAR Chicago Street Race
Fast-food giant McDonald's named founding sponsor of the NASCAR Chicago Street Race this summer in Grant Park.

Chicago Tribune Business News
Mar 22, 2023

Terry Savage: Tips for tax filers
It's that time of year again — income tax time. If you've already filed your return, pat yourself on the back. But if you're one of the millions who procrastinate, here are some helpful reminders along with some tax changes that you might not have noticed yet.

Chicago Tribune Business News
Mar 22, 2023

What Google Bard can do (and what it can't)
Google has released a new chatbot, Bard, and has shared the experimental technology with a limited number of people in the US and Britain. Here is a brief guide to the new bot.

Chicago Tribune Business News
Mar 22, 2023

What to watch for as the Fed meets amid bank turmoil
Goldman Sachs economists think it is likely that central bankers will hold off on a rate move this month, before resuming them in May.

Chicago Tribune Business News
Mar 21, 2023

Former dancers sue River North strip club over alleged assaults
The suit alleges Rick's Cabaret Chicago allowed customers to physically and sexually assault dancers, two of whom say they were fired for their age.

Chicago Tribune Business News
Mar 21, 2023

American and Southwest still fall short for getting passengers on-time post-pandemic
U.S. carriers are flying more than the rest of the world, but punctuality has suffered

Chicago Tribune Business News
Mar 21, 2023

Traffic backups begin as Kennedy construction gets underway, and it could get worse
Lane closures are expected to be extended overnight Tuesday

Chicago Tribune Business News
Mar 21, 2023

Army of lobbyists helped water down banking regulations
A handful of red state Democrats were instrumental helping Republicans secure a rollback of banking regulations sought by then-President Donald Trump in 2018.

Chicago Tribune Business News
Mar 21, 2023

US home sales surged in February as mortgage rates dipped
Sales of previously occupied U.S. homes surged in February to the fastest pace in six months as homebuyers seized on a modest drop in mortgage rates and a slight pullback in prices, but the first annual drop since 2012.

Chicago Tribune Business News
Mar 21, 2023

Dodge unveils last super-fast gasoline muscle car
The last gas-powered muscle car from Dodge isn't leaving the road without some squeals, thunder and crazy-fast speed.

Chicago Tribune Business News
Mar 21, 2023

Treasury Secretary Janet Yellen says bank situation is ‘stabilizing' and system is ‘sound'
Treasury Secretary Janet Yellen is trying project calm after regional bank failures.

Chicago Tribune Business News
Mar 21, 2023

Conagra Brands CEO Sean Connolly tapped as chair of Economic Club of Chicago
Connolly succeeds Mary Dillon, president and CEO of Foot Locker, as chair

Chicago Tribune Business News
Mar 21, 2023

Conagra Brands CEO Sean Connolly tapped as chair of The Economic Club of Chicago
Connolly succeeds Mary Dillon, president and CEO of Foot Locker, as chair

Chicago Tribune Business News
Mar 21, 2023

Norfolk Southern derailment brought the company under scrutiny, days after it won approval for Chicago expansion
Norfolk Southern has for years been pursuing its $150 million plan to double the size of its intermodal freight yard at 47th Street and the Dan Ryan

Chicago Tribune Business News
Mar 21, 2023

Norfolk Southern derailment brought the company under scrutiny. Days before, it won approval for Chicago expansion
Norfolk Southern has for years been pursuing its $150 million plan to double the size of its intermodal freight yard at 47th Street and the Dan Ryan

Chicago Tribune Business News
Mar 20, 2023

Amazon to lay off 9,000 more employees, on top of 18,000 previously announced
Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff.

Chicago Tribune Business News
Mar 20, 2023

Former Sears site on Chicago's West Side may soon be home to new Rush medical facility, grocery store
Rush University System for Health plans to open a 60,000-square-foot care site at North and Harlem avenues in Chicago

Chicago Tribune Business News
Mar 20, 2023

Credit Suisse, UBS shares plunge after takeover announcement
Shares of Credit Suisse plunged 60.5% on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost $3.25 billion.

Chicago Tribune Business News
Mar 20, 2023

Chicago area's 1st-time homebuyers could get grant from Freddie Mac, Rocket Mortgage
Residents who meet credit score and income qualifications have access to a new $3,000 grant to help with a down payment.

Chicago Tribune Business News
Mar 19, 2023

Banking giant UBS acquiring Credit Suisse for $3.2 billion
Banking giant UBS is buying its smaller rival Credit Suisse for $3.2 billion in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night.

Chicago Tribune Business News
Mar 18, 2023

Construction set to begin that will snarl Kennedy Expressway traffic through 2025
Construction on the Kennedy Expressway is set to begin Monday, likely causing major delays for drivers for nearly three years

Chicago Tribune Business News
Mar 17, 2023

University of Chicago grad students vote overwhelmingly to unionize
The graduate students seek to improve wages and working conditions, including benefits, grievance procedures and support for international students.

Chicago Tribune Business News
Mar 17, 2023

Sued by white business owner, Cook County halts grant program that aimed to ‘close racial wealth' gap
The suit was filed on behalf of a Chicago chiropractor by a California foundation that "defends Americans' liberties when threatened by government overreach."

Chicago Tribune Business News
Mar 17, 2023

Parent of Silicon Valley Bank seeks bankruptcy protection
The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection.

Chicago Tribune Business News
Mar 17, 2023

Ford recalls 1.5M vehicles to fix brake hoses, wiper arms
Ford is recalling more than 1.5 million vehicles in the U.S. in two actions to fix leaky brake hoses and windshield wiper arms that can break.

Chicago Tribune Business News
Mar 17, 2023

Will Americans end up footing the bill for bank failures?
Here are some questions and answers about the cost of the bank collapses.

Chicago Tribune Business News
Mar 16, 2023

Why TikTok's security risks keep raising fears
Both the FBI and the Federal Communications Commission have warned that ByteDance could share TikTok user data with China's authoritarian government.

Chicago Tribune Business News
Mar 16, 2023

COVID-19 pill Paxlovid moves closer to full FDA approval
The panel of Food and Drug Administration experts agreed Thursday that the drug is safe and effective for preventing severe COVID-19 in adults with health risks.

Chicago Tribune Business News
Mar 16, 2023

Big banks create $30B rescue package for First Republic
Eleven of the biggest banks in the country announced a $30 billion rescue package for First Republic Bank on Thursday.

Chicago Tribune Business News
Mar 16, 2023

Floods fill some of California's summer strawberry fields
Yet another potential casualty of the powerful rainstorms that drenched coastal California: hundreds of acres of fresh strawberries slated for America's supermarket shelves this summer.

Chicago Tribune Business News
Mar 16, 2023

Treasury Secretary Janet Yellen tells Congress that US banking system ‘remains sound'
Treasury Secretary Janet Yellen is telling Congress and the nation that the U.S. banking system remains sound.

Chicago Tribune Business News
Mar 16, 2023

First Republic rescue plan in the works
Some of America's largest banks are working on a rescue package for First Republic Bank, according to several media reports.

Chicago Tribune Business News
Mar 16, 2023

Companies are diversifying their corporate boards. But Latinos are left behind
Latinos are the nation's largest ethnic or racial minority and its fastest-growing group

Chicago Tribune Business News
Mar 16, 2023

Credit Suisse shares soar after central bank aid announced
Credit Suisse's shares soared 30% after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank.

Chicago Tribune Business News
Mar 15, 2023

Congressmen, suburbs, Metra disappointed in federal approval of merger expected to bring more freight trains to Chicago area
The decision allows the $31 billion merger of Canadian Pacific and Kansas City Southern to move forward.

Chicago Tribune Business News
Mar 15, 2023

‘Boneless wing' or ‘chicken nugget'? Buffalo Wild Wings sued for false advertising
An Illinois man is behind the class-action lawsuit against Buffalo Wild Wings

Chicago Tribune Business News
Mar 15, 2023

Federal government to penalize North Chicago-based AbbVie over the price of its blockbuster drug Humira
AbbVie and more than a dozen other drugmakers are facing the penalties, for the first time, as part of the federal Inflation Reduction Act

Chicago Tribune Business News
Mar 15, 2023

T-Mobile acquires Mint, partially owned by Ryan Reynolds
Mint Mobile, partly owned by actor Ryan Reynolds, is being acquired by T-Mobile as part of a cash-and-stock deal worth as much as $1.35 billion.

Chicago Tribune Business News
Mar 15, 2023

Credit Suisse shares sink as global fears about banks grow
Battered shares of Credit Suisse lost more than one-quarter of their value Wednesday, hitting a record low.

Chicago Tribune Business News
Mar 15, 2023

Former Cubs pitcher Jason Hammel sells unfinished 6-bedroom Glencoe mansion for $3.7M
The home sold for its asking price

Chicago Tribune Business News
Mar 15, 2023

Federal regulators approve merger expected to bring more freight trains to Chicago area
The decision allows the $31 billion merger of Canadian Pacific and Kansas City Southern to move forward

Chicago Tribune Business News
Mar 15, 2023

Honda recalling 500,000 vehicles to fix seat belt problem
Honda is recalling a half-million vehicles in the U.S. and Canada because the front seat belts may not latch properly.

Chicago Tribune Business News
Mar 15, 2023

Diamond Sports Group — the largest owner of regional sports networks — files for Chapter 11 bankruptcy
Diamond Sports Group, the largest owner of regional sports networks, filed for Chapter 11 bankruptcy protection on Tuesday. The move came after it missed a $140 million interest payment last month.

Chicago Tribune Business News
Mar 15, 2023

Is my money safe? What you need to know about bank failures
The recent failures of Silicon Valley Bank and Signature Bank may have you worried about your money. Here's what you need to know.

Chicago Tribune Business News
Mar 15, 2023

Northwestern unveils program to perform more double lung transplants for terminal cancer patients, after successful surgeries
Until now, lung transplants on patients with advanced lung cancer have been rare operations

Chicago Tribune Business News
Mar 14, 2023

Photos: Passengers rescued from CTA 'L' train after power outage
A stalled train was evacuated after the Chicago Transit Authority released an alert about a temporary suspension of service on the Brown and Purple lines due to a power outage Tuesday afternoon.

Maddie Kilgannon, a CTA spokesperson, said there was a reported loss of power near Merchandise Mart around 4:40 p.m. Service was temporarily down on the Brown line between Armitage and the Loop and on the Purple Line express service between Howard and the Loop.

Chicago Tribune Business News
Mar 14, 2023

Terry Savage: The unexpected cost of long-term care
This is the cost of getting help doing the basic activities of daily living: showering, toileting, dressing and feeding yourself. No one wants to think about being that needy.

Chicago Tribune Business News
Mar 14, 2023

Federal Reserve criticized for missing red flags before Silicon Valley Bank collapse
The Federal Reserve is facing stinging criticism for missing what observers say were clear signs that Silicon Valley Bank was at high risk of collapsing into the second-largest bank failure in U.S. history.

Chicago Tribune Business News
Mar 14, 2023

Chicago Trading Company co-founder Andrew Hall lists Gold Coast condo for $14M
The unit has a floating staircase leading up to the private rooftop deck

Chicago Tribune Business News
Mar 14, 2023

March Madness expected to generate record betting in Illinois, as office pools return and sportsbooks top $1 billion in January
The NCAA Tournament is tipping off this week with more bettors than ever.

Chicago Tribune Business News
Mar 14, 2023

Southwest is adding deicing trucks after December breakdown
The airline also said it will increase staffing during extremely cold weather

Chicago Tribune Business News
Mar 14, 2023

Class action suit filed against Silicon Valley Bank parent
A class action lawsuit is being filed against the parent company of Silicon Valley Bank, its CEO and its chief financial officer.

Chicago Tribune Business News
Mar 14, 2023

Novo Nordisk plans price cuts for several insulins
Novo Nordisk will start slashing some U.S. insulin prices up to 75% next year, following a path set earlier this month by rival Eli Lilly.

Chicago Tribune Business News
Mar 14, 2023

How much? Tracking prices at Midwest grocery stores for eggs, milk, bacon, beef, bananas, beer, wine and more.
See which commonly purchased grocery items are increasing — or decreasing — in price.

Chicago Tribune Business News
Mar 14, 2023

Facebook parent Meta slashes another 10,000 jobs
Facebook parent Meta is slashing another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs.

Chicago Tribune Business News
Mar 14, 2023

Silicon Valley Bank's demise disrupts the disruptors in tech
Silicon Valley Bank's collapse rattled the technology industry that had been the bank's backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve.

Chicago Tribune Business News
Mar 14, 2023

Why another high inflation report may not cause Fed to hike
With bank share prices cratering Monday and fears of further financial instability roiling markets, most economists now expect the Fed to pause its rate hikes next week.

Chicago Tribune Business News
Mar 13, 2023

Chicago Fire to lease Chicago Housing Authority land on Near West Side
The 53,000 square-foot, two-story performance center with be on the site of CHA's former ABLA Homes housing complex

Chicago Tribune Business News
Mar 13, 2023

Tom Waddle, WMVP-AM co-host and former Chicago Bear, lists Lake Forest home for $3.25M
WMVP-AM weekday afternoon co-host and former Chicago Bears wide receiver Tom Waddle and his wife, Cara, have placed their five-bedroom, 8,000-square-foot mansion in Lake Forest on the market for $3.25 million.

Chicago Tribune Business News
Mar 13, 2023

Pfizer to buy cancer drugmaker Seagen in $43 billion deal
Pfizer will pay $229 a share in cash for Seagen, according a statement Monday, about a third more than the drugmaker's closing share price Friday.

Chicago Tribune Business News
Mar 13, 2023

Labor unions are split on Chicago mayor candidates as powerful IUOE Local 150 backs Paul Vallas
The candidates hope support from labor will help turn out voters and pay for expensive TV ads.

Chicago Tribune Business News
Mar 13, 2023

United Center concessions workers reach tentative contract agreement
Negotiations between Chicago-based food service provider Levy and the workers' union produced a tentative deal after a weekend bargaining session

Chicago Tribune Business News
Mar 13, 2023

Caterpillar workers ratify new 6-year contract with company
Unionized workers at Caterpillar Inc. have approved a new six-year contract with the company that includes a $6,000 ratification bonus, 19% in pay raises and 8% worth of lump-sum payments.

Chicago Tribune Business News
Mar 13, 2023

Tom Waddle, WMVP-AM co-host and former Chicago Bears player, lists Lake Forest home for $3.25M
Waddle played for the Bears from 1989 until 1994

Chicago Tribune Business News
Mar 11, 2023

A major bank failed. Here's why it's not 2008 again
The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking — a bank run — which led to its failure on Friday.

Chicago Tribune Business News
Mar 11, 2023

Plan for south suburban airport near Peotone rises again, now focused on cargo
Proponents envision an airport that could take advantage of demand for quick delivery and the proliferation of Amazon warehouses, train facilities and highways in Will County.

Chicago Tribune Business News
Mar 10, 2023

Silicon Valley Bank is seized by US after historic failure
The U.S rushed to seize the assets of Silicon Valley Bank after a run on the bank, the largest failure of a financial institution since Washington Mutual during the height of the financial crisis more than a decade ago.

Chicago Tribune Business News
Mar 10, 2023

Illinois regulators fine Blue Cross parent $605,000 for alleged violations related to in-network directories
The fine cites everything from underestimating the travel time and distance for plan beneficiaries to reach a medical office to not updating provider information on the Blue Cross website.

Chicago Tribune Business News
Mar 10, 2023

Juul e-cigarette company settles $23 million lawsuit with city of Chicago over marketing vapes to minors
Since the suit was filed, Chicago has banned flavored e-cigarettes and Juul has stopped making them.

Chicago Tribune Business News
Mar 10, 2023

Meta mulling text-based social network to rival Elon Musk's Twitter
Meta, parent of Facebook and Instagram, said it is considering launching a new Twitter-like social network.

Chicago Tribune Business News
Mar 10, 2023

US adds a robust 311,000 jobs despite Fed's rate hikes
The unemployment rate rose to 3.6% from a 53-year low of 3.4%, as more Americans began searching for work and not all of them found jobs.

Chicago Tribune Business News
Mar 10, 2023

BP CEO pay doubles to $12 million as high energy costs surge profit
Total pay for BP's CEO more than doubled to $12 million last year, as soaring energy costs allowed oil and gas companies to rake in record profits.

Chicago Tribune Business News
Mar 09, 2023

Feds recommend $350 million for Red Line extension project, but more will be needed
The recommendation is one indication of how likely CTA is to get the federal funding key to moving the long-discussed project forward.

Chicago Tribune Business News
Mar 09, 2023

Lincoln Park vintage mansion listed for $10.75 million
The space expands to 10 bedrooms and a total of 13,400 square feet of space when including a three-bedroom renovated coach house that is connected to the main home by a glass atrium.

Chicago Tribune Business News
Mar 09, 2023

Field Museum staff vote to unionize, forming second major Chicago museum union after Art Institute
The vote makes the natural history museum the second major Chicago museum, after the Art Institute, to unionize with AFSCME Council 31, whose ranks have swelled with cultural workers over the last year.

Chicago Tribune Business News
Mar 09, 2023

California to end Walgreens contract after company said it won't sell abortion pill by mail in 20 states
For Newsom, the move is about solidifying California's role as a leader in what he has called "reproductive freedom."

Chicago Tribune Business News
Mar 09, 2023

Maine motorists appeal to keep naughty vanity license plates
Heather Libby and her best friend grudgingly gave up their matching license plates that contained a word for a female dog.

Chicago Tribune Business News
Mar 09, 2023

Yeti recalls 1.9 million coolers and cases
The Consumer Product Safety Commission said consumers should immediately stop using the four recalled products and contact Yeti for refund information.

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