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Chicago Tribune Business News
Oct 15, 2021

Rush hour is coming back, but slower traffic hasn't meant fewer crashes. Here's why.
Safety advocates say pandemic behaviors could be to blame for the number of injuries and deaths on roadways.

Chicago Tribune Business News
Oct 15, 2021

Former Boeing pilot involved in Max testing indicted
A former Boeing pilot has been indicted by federal grand jury on charges of deceiving safety regulators about the 737 Max jetliner, which was later involved in two deadly crashes.

Chicago Tribune Business News
Oct 15, 2021

US average mortgage rates jump; 30-year loan at 3.05%
Average long-term mortgage rates jumped this week, with the benchmark 30-year loan again breaching 3%. Mortgage buyer Freddie Mac reported Thursday, Oct. 14, 2021 that the average rate for a 30-year mortgage rose to 3.05% from 2.99% last week.

Chicago Tribune Business News
Oct 14, 2021

Former children's charity director gets 3½ years for stealing from program and blowing it on lavish trips, sports tickets
The former head of a North Shore charity for children with disabilities was sentenced Thursday to 3 1/2 years in prison for stealing more than $831,000 from the organization.

Chicago Tribune Business News
Oct 14, 2021

Spiking natural gas prices may add hundreds of dollars to winter heating bills in Chicago
A spike in the price of natural gas is expected to add between $40 to $60 a month to the typical residential customer bill this winter across Chicago and the suburbs.

Chicago Tribune Business News
Oct 14, 2021

Chicago Bears player Robert Quinn buys 5-bedroom Lake Forest home for $2M
The home brings Quinn much closer to the Bears' Halas Hall and shortens his commute.

Chicago Tribune Business News
Oct 14, 2021

Walgreens to invest $5.2 billion in Chicago-based VillageMD and add more store clinics in underserved communities
Walgreens announced plans last year to open at least 600 Village Medical clinics in Walgreens stores by 2025

Chicago Tribune Business News
Oct 14, 2021

Tribune Tower Residences are complete, with amenities ranging from an indoor golf simulator to herb garden
50% of the 162 residences are sold or occupied

Chicago Tribune Business News
Oct 14, 2021

United Airlines will add new international routes next year
United Airlines announced it will launch its biggest expansion of transatlantic service next year, a vote of confidence on the part of the Chicago-based carrier that international travel will rebound from the depths of the pandemic.

Chicago Tribune Business News
Oct 14, 2021

Walgreens to invest $5.2 billion in Chicago-based VillageMD, taking majority ownership stake
Walgreens announced plans last year to open at least 600 Village Medical clinics in Walgreens stores by 2025

Chicago Tribune Business News
Oct 14, 2021

Deere & Co. workers go on strike after rejecting contract
More than 10,000 workers at Moline, Illinois-based Deere & Co. went on strike Thursday after "the company failed to present an agreement that met our members' demands and needs," the union said.

Chicago Tribune Business News
Oct 13, 2021

Southwest Airlines tries to refute ‘sickout' after thousands of flights canceled over the weekend
The airline, its pilots' union and the Federal Aviation Administration denied flight disruptions resulted from pilots and air traffic controllers walking off their jobs or calling in sick to protest federal vaccination requirements.

Chicago Tribune Business News
Oct 13, 2021

Illinois Gaming Board delays decision eliminating one south suburban casino contender
With hundreds of millions of dollars in investments, and millions of dollars potentially flowing to south suburban communities suffering from poverty and high unemployment, the applicants touted the creation of jobs and potential development that would spring up around casino sites.

Chicago Tribune Business News
Oct 13, 2021

Metra fares hold steady for 2022 but budget shortfall looms as ridership stagnates
Metra proposed a $900 million operating budget for 2022 that has no fare increases, but requires an additional $93 million in federal funding as ridership remains stalled at less than a third of pre-pandemic levels.

Chicago Tribune Business News
Oct 13, 2021

Passenger train service out of Chicago could get major expansion under federal concept
Passenger train service across the Midwest could get a huge boost in the coming decades, with multiple new routes and more frequent trains running out of Chicago, under a concept envisioned by the Federal Railroad Administration.

Chicago Tribune Business News
Oct 13, 2021

Chicago-area malls to close on Thanksgiving
For the second year in a row, more Chicago-area malls and retailers will close on Thanksgiving, forcing shoppers to wait until Black Friday to start shopping holiday sales in stores.

Chicago Tribune Business News
Oct 13, 2021

Delta posts $1.2 billion Q3 profit, touts holiday bookings
The airline also expects higher labor costs as it hires thousands of employees to replace some of those who left the company last year

Chicago Tribune Business News
Oct 13, 2021

Labor Secretary Marty Walsh: Disappointing jobs report reflects ongoing COVID-19 fears, workforce shift
Labor Secretary Marty Walsh says disappointing job figures in September reflect a hesitancy in some pockets of the country over returning to work as the delta variant still has a grip on the nation.

Chicago Tribune Business News
Oct 13, 2021

Metra station proposed for Fulton Market
City and Metra officials are eyeing a site that would put a platform just east of Ashland Avenue.

Chicago Tribune Business News
Oct 13, 2021

Metra station proposed for Fulton Market near Ashland Avenue
City and Metra officials envision a station spanning most of the distance between Ashland and Ogden avenues over tracks that now carry four Metra lines.

Chicago Tribune Business News
Oct 12, 2021

Loyola Medicine's plans for $69 million ambulatory care care in Tinley Park would end its ties in Orland Park
Loyola Medicine is planning a 70,000-square-foot ambulatory care center in Tinley Park that will result in the closure of Loyola's health care operations in Orland Park

Chicago Tribune Business News
Oct 12, 2021

Electric scooter sharing could come back to Chicago under plan that could get approval this week
City Council proposal could bring up to 12,500 e-scooters to Chicago.

Chicago Tribune Business News
Oct 12, 2021

Portillo's seeks up to $405 million with IPO
Portillo's, the fast casual chain known for hot dogs, Italian beef sandwiches and cake shakes, aims to raise up to $405.4 million with its initial public offering.

Chicago Tribune Business News
Oct 12, 2021

UPS, FedEx, USPS release holiday shipping dates as retailers brace for more supply chain disruption
Though it's not yet Halloween, the mail carriers have released their recommended deadlines to ship packages in time for the holidays.

Chicago Tribune Business News
Oct 12, 2021

Americans quit their jobs at a record pace in August
One reason America's employers are having trouble filling jobs was starkly illustrated in a report Tuesday: Americans are quitting in droves.

Chicago Tribune Business News
Oct 12, 2021

U. of I. Hospital has been slammed with ambulances since Mercy stopped getting them, causing long ER waits. ‘Our patients are understandably very angry.'
Since February, the number of ambulances going to University of Illinois Hospital each month has doubled to more than 700 some months.

Chicago Tribune Business News
Oct 12, 2021

Map: Chicago's bikeway system
Chicago had 300 miles of on-street bikeways at the start of 2021 with plans to add 100 miles of improvements in the next two years.

Chicago Tribune Business News
Oct 12, 2021

Chicago police issued some bike tickets at higher rates in Black and Latino neighborhoods: study
The findings highlight policing practices in Black and Latino neighborhoods in the city, and the unequal distribution of the city's bike lanes and resources.

Chicago Tribune Business News
Oct 12, 2021

Fifth Third Bank to invest $20 million in South Chicago neighborhood
Fifth Third Bank is investing $20 million in South Chicago, the shell of a steel town left standing after the massive South Works plant closed nearly 30 years ago.

Chicago Tribune Business News
Oct 11, 2021

Most Deere workers reject contract offer from tractor maker
The vast majority of United Auto Workers union members rejected a contract offer from Deere & Co. Sunday that would have delivered at least 5% raises to the workers who make John Deere tractors and other equipment.

Chicago Tribune Business News
Oct 11, 2021

Southwest Airlines cancels nearly 200 flights at Midway, O'Hare
Southwest Airlines canceled nearly 200 flights in the Chicago area since Sunday as it continued to struggle with service disruptions across its airport network.

Chicago Tribune Business News
Oct 11, 2021

Northwestern University names Rebecca M. Blank as next president; noted economist will be first woman to hold role
Northwestern University announced Monday that Rebecca M. Blank will be the next president of the Evanston-based school.

Chicago Tribune Business News
Oct 11, 2021

Retired Bull Scottie Pippen sells Highland Park home for $1.8M
Bulls legend Michael Jordan still has his Highland Park mansion on the market

Chicago Tribune Business News
Oct 11, 2021

Southwest Airlines flight cancellations continue into Monday
Southwest Airlines canceled hundreds more flights Monday following a weekend of major service disruptions.

Chicago Tribune Business News
Oct 11, 2021

Foxtrot expands in the Loop with new Willis Tower store opening next year
The location is expected to open next spring.

Chicago Tribune Business News
Oct 08, 2021

Allstate to sell Northbrook headquarters as more employees work from home
The company did not disclose plans for a future headquarters.

Chicago Tribune Business News
Oct 08, 2021

Blackhawks general manager Stan Bowman sells Lincoln Park home for $1.7M
Built in 2009, the house has 5½ bathrooms, three fireplaces, oak herringbone floors and crown moldings.

Chicago Tribune Business News
Oct 08, 2021

Good luck finding certain White Sox jerseys. The supply chain issues affecting everything from toilet paper to chicken wings are hitting team apparel, too.
Certain items, particularly black replica jerseys, are in short supply.

Chicago Tribune Business News
Oct 08, 2021

White Sox's success drives merch sales, but good luck finding certain jerseys
Certain items, particularly black replica jerseys, are in short supply.

Chicago Tribune Business News
Oct 08, 2021

The days of ‘set it and forget it' homeowners insurance are fading fast. Here's why protecting your home is more complicated than ever.
Severe weather, deteriorating water infrastructure and a burst of recent home improvements have complicated the calculations for sufficient coverage.

Chicago Tribune Business News
Oct 07, 2021

Amazon plans Indiana warehouse, center employing 1,000
The new warehouse will incorporate what Amazon calls advanced robotics technology

Chicago Tribune Business News
Oct 07, 2021

White Sox merchandise sales on the rise
Bandwagon-jumping fans just now getting behind the team may not want to wait to buy their gear: the supply chain issues affecting everything from toilet paper to chicken wings are hitting team apparel, too.

Chicago Tribune Business News
Oct 06, 2021

Redeveloped Tribune Tower has its first retail tenant: The Museum of Ice Cream
An experiential museum that features immersive, whimsical exhibits — and its own brand of ice cream — the Museum of Ice Cream signed a seven-year lease for 13,544 square feet, with plans to open in the spring.

Chicago Tribune Business News
Oct 06, 2021

What to know about billionaire Ken Griffin: From college bond trading and philanthropy to GameStop
The hedge fund manager is Illinois' richest resident, a major philanthropist, a formidable political force and now one of Chicago's harshest critics.

Chicago Tribune Business News
Oct 06, 2021

Toy makers race to get products on shelves amid supply clogs
With three months until Christmas, the Basic Fun toy company has made an unprecedented decision: leave one-third of its iconic Tonka Mighty Dump Trucks destined for U.S. store shelves in China.

Chicago Tribune Business News
Oct 06, 2021

Condo Adviser: Can condo associations require door attendants and other employees to get COVID-19 vaccines?
According to a recent memorandums, certain union employees may be subject to this requirement.

Chicago Tribune Business News
Oct 06, 2021

Ex-wife of Chicago Bulls great Michael Jordan sells River North mansion for $4.5M
The mansion has six full bathrooms, three half bathrooms, four fireplaces and a five-stop elevator.

Chicago Tribune Business News
Oct 05, 2021

Kellogg's workers at all US cereal plants on strike
Work at all of the Kellogg Company's U.S. cereal plants came to a halt Tuesday as roughly 1,400 workers went on strike.

Chicago Tribune Business News
Oct 05, 2021

After Illinois' richest resident Ken Griffin slams governor over Chicago violence, Pritzker claps back
The battle of words between the billionaires deepened Tuesday.

Chicago Tribune Business News
Oct 05, 2021

Former Eric Ferguson co-host Melissa McGurren breaks silence, alleges ‘unbearable' work conditions at WTMX radio
Co-host Melissa McGurren alleged Eric Ferguson subjected her to an "unbearable hostile work environment" and management did nothing about it for years.

Chicago Tribune Business News
Oct 05, 2021

Southwest is latest airline to mandate vaccines for workers
The Dallas-based company said its workers must be fully vaccinated by Dec. 8 in order to remain at the airline.

Chicago Tribune Business News
Oct 05, 2021

With restaurant dining rooms open, will outdoor tents and igloos be back this winter? ‘We'll just have to see how hardy our customers are.'
With dining rooms open and more customers comfortable venturing inside, some Chicago restaurants are questioning whether to bring back the heaters and tents, or whether enthusiasm for al fresco dining will drop with fall temperatures.

Chicago Tribune Business News
Oct 04, 2021

McDonald's sets target of net zero emissions by 2050
It's a higher bar than the Chicago-based fast food chain set three years ago.

Chicago Tribune Business News
Oct 04, 2021

Hedge fund billionaire Ken Griffin tells Economic Club of Chicago that Citadel may move its corporate headquarters unless the city changes course
Griffin said Chicago remains the corporate headquarters, but the firm's New York office is now the "central point" with well over a thousand employees.

Chicago Tribune Business News
Oct 04, 2021

Facebook, WhatsApp, Instagram suffer worldwide outage; ‘This is epic'
Facebook and its Instagram and WhatsApp platforms were down across wide swathes of the world Monday.

Chicago Tribune Business News
Oct 04, 2021

WLS-Ch. 7 reporter John Garcia sells Elmhurst home for $819,000
Built in 2006, the house has 4 1/2 bathrooms, two fireplaces, vaulted ceilings and an arched French door entry that is adorned with stone.

Chicago Tribune Business News
Oct 04, 2021

Biden reschedules Chicago trip to Thursday
President Biden reschedules Illinois vaccination mandate trip for Thursday despite lingering fights in Washington

Chicago Tribune Business News
Oct 04, 2021

Software company SMS Assist to move to Prudential Plaza office complex next year
More than 750 employees will occupy the space.

Chicago Tribune Business News
Oct 04, 2021

Tech company SMS Assist to move to Prudential Plaza office complex next year
More than 750 employees will occupy the space.

Chicago Tribune Business News
Oct 04, 2021

Facebook, WhatsApp, Instagram suffer worldwide outage
The company said it was "aware that some people are having trouble accessing Facebook app" and it was working on restoring access.

Chicago Tribune Business News
Oct 04, 2021

Chicago PR giant Edelman leaving Aon Center after 26 years for funkier — and smaller — West Loop loft space
The move, which has been in the works since 2019, will reduce the office's footprint.

Chicago Tribune Business News
Oct 04, 2021

Wheaton home designed by Edward Dart sells for $316,000, well above its asking price
A three-bedroom, 1,120-square-foot midcentury modern-style house in Wheaton that was designed by noted architect Edward Dart sold on Sept. 24 for $316,000 — well above its asking price.

Chicago Tribune Business News
Oct 01, 2021

Developer behind massive One Central proposal teams with Chicago Urban League on equity plan: ‘The private sector hasn't done enough'
The effort aims to ensure the project funnels work to minority-owned businesses.

Chicago Tribune Business News
Oct 01, 2021

Former Motorola site in Harvard sold to a developer for potential leasing
Pinnacle Fund Management will explore using solar power on the site.

Chicago Tribune Business News
Oct 01, 2021

Second woman alleges inappropriate behavior by Eric Ferguson of The Mix radio
A second former female employee of WTMX-FM has come forward to say longtime on-air host Eric Ferguson engaged in sexually inappropriate conduct.

Chicago Tribune Business News
Oct 01, 2021

Pizza chain Lou Malnati's brings on new investor, replacing BDT Capital
The new investor "tends to stay involved, invested in companies for the long term," Marc Malnati said.

Chicago Tribune Business News
Oct 01, 2021

Chicago Bears standoff could be a lose-lose for Mayor Lori Lightfoot: a huge defeat if team leaves, a potentially huge price tag for taxpayers if it stays
If the Bears move to Arlington Heights, "there's just no way to hide from that failure," an alderman said of Lightfoot.

Chicago Tribune Business News
Oct 01, 2021

Chicago restaurants have navigated 18 months of pandemic disruption, but some say they may not make it through winter without federal relief
A recent survey found that hundreds of thousands of restaurant operators are on the verge of closing their doors this winter — including thousands in Illinois — without imminent federal relief.

Chicago Tribune Business News
Oct 01, 2021

Navy Pier's Crystal Gardens slated to close, but some residents are pushing back
An online petition calling to save the gardens had gained more than 17,000 signatures by Thursday afternoon.

Chicago Tribune Business News
Oct 01, 2021

Chicago Bears standoff could be a lose-lose for Mayor Lori Lightfoot: a huge defeat if the team leaves, a potentially huge price tag for taxpayers if it stays
If the Bears move to Arlington Heights, "there's just no way to hide from that failure," an alderman said of Lightfoot.

Chicago Tribune Business News
Oct 01, 2021

Pizza chain Lou Malnati's reportedly sold to private investment firm
The Malnati family will reportedly retain a stake in the iconic pizza chain.

Chicago Tribune Business News
Sep 30, 2021

El Milagro workers, supporters call on tortilleria owners to negotiate better working conditions and respond to sexual harassment reports
At the rally, held outside the El Milagro tortilla factory and taqueria on West 26th Street and South Albany Avenue, about 50 workers and supporters, including several local and state representatives, said the company's unsafe and unfair working conditions have been a problem for years.

Chicago Tribune Business News
Sep 30, 2021

Navy Pier's Crystal Gardens slated to close
People visit Navy Pier's Crystal Gardens on Sept. 30, 2021. A new digital immersive experience is planned to replace the gardens.

Chicago Tribune Business News
Sep 30, 2021

Illinois reaches $56 million settlement agreement with pharmacy benefit manager
Attorney General Kwame Raoul announced the settlement agreement Thursday with Centene.

Chicago Tribune Business News
Sep 30, 2021

Two applicants left vying for Waukegan casino license after another drops out
It could take more than another two years before people are able to start gambling in the new casino, according to officials of the gaming board and representatives of the applicants.

Chicago Tribune Business News
Sep 30, 2021

Two applicants left vying for Waukegan casino license after another drops out; Opening more than two years away, officials say
It could take more than another two years before people are able to start gambling in the new casino, according to officials of the gaming board and representatives of the applicants.

Chicago Tribune Business News
Sep 30, 2021

Delayed by pandemic, $6 billion Lincoln Yards megadevelopment set to break ground in October with life sciences building
Delayed by pandemic disruption, the $6 billion Lincoln Yards megadevelopment is set to break ground in October on an eight-story building developers hope will help transform Chicago into a major life sciences hub.

Chicago Tribune Business News
Sep 30, 2021

Lincoln Yards: Timeline of an ambitious Chicago development
The $6 billion, 55-acre project plans to include new towers, roads and bridges and parkland.

Chicago Tribune Business News
Sep 30, 2021

Fewer United Airlines employees set to lose jobs over COVID-19 vaccines
United Airlines said 320 employees will lose their jobs because of the company's COVID-19 vaccine mandate, down from nearly 600.

Chicago Tribune Business News
Sep 30, 2021

Restaurants? Soccer stadium? With careful planning, an Arlington Heights Bears stadium could lure additional development
Hotels, restaurants, bars and other entertainment are natural fits around a football stadium.

Chicago Tribune Business News
Sep 30, 2021

After death of CEO, Shirley Ryan AbilityLab rehab hospital names new leaders
Peggy Kirk and Nancy Paridy will work together to lead the institution

Chicago Tribune Business News
Sep 30, 2021

WBEZ and Chicago Sun-Times agree to pursue merger as nonprofit news organization
Chicago Public Media and the Chicago Sun-Times signed a non-binding letter of intent to "explore joining together" WBEZ-FM 91.5 and the daily newspaper as a nonprofit news organization.

Chicago Tribune Business News
Sep 30, 2021

Goose Island workers tried to unionize before the COVID-19 pandemic. The company pushed back — and then laid off leaders of the effort.
Goose Island workers in Chicago tried to unionize leading up to the COVID-19 pandemic. Organizers say the pandemic and layoffs quashed their efforts.

Chicago Tribune Business News
Sep 29, 2021

Chicago Bears sign a $197.2M purchase agreement for Arlington Heights racetrack land — taking the next step in a potential move from Soldier Field
The Chicago Bears have signed a purchase agreement for Arlington International Racecourse, a move that takes the team a step closer toward securing property for a new stadium and leaving their longtime home at Soldier Field.

Chicago Tribune Business News
Sep 29, 2021

Employer vaccine mandates convert some workers, but not all
Businesses that have announced vaccine mandates say some workers who had been on the fence have since gotten inoculated against COVID-19. But many holdouts remain — a likely sign of what is to come once a federal mandate goes into effect.

Chicago Tribune Business News
Sep 29, 2021

Wife of Illinois man killed in Amtrak crash files wrongful death suit
Rebecca Schneider, whose husband Zachariah Schneider was one of three killed in the derailment, is suing Amtrak and BNSF for negligence.

Chicago Tribune Business News
Sep 29, 2021

A Chicago Bears move to Arlington Heights would be a ‘win-win' to many. But about that traffic and construction ...
The current site of Arlington International Racecourse could in a few years house an NFL stadium.

Chicago Tribune Business News
Sep 29, 2021

Chicago Tribune Managing Editor Chrissy Taylor to leave newspaper
Executive editor Mitch Pugh announced Chrissy Taylor's departure in an email to staff Wednesday morning.

Chicago Tribune Business News
Sep 29, 2021

St. Regis condo sells for $8.42M, becoming Chicago's fifth-priciest home sale this year
Public records do not yet show the buyers of the 5,734-square-foot condo

Chicago Tribune Business News
Sep 28, 2021

Nearly 600 United Airlines employees losing their jobs after refusing to get vaccinated; company says vaccination rate at 99%
More than 99% of United Airlines' U.S.-based employees who did not seek a religious or medical exemption from the company's COVID-19 vaccine mandate got the shots, while 593 who refused to comply will lose their jobs.

Chicago Tribune Business News
Sep 28, 2021

Ford sued by EEOC for allegedly refusing to hire pregnant woman at Chicago Heights stamping plant
Ford is being sued by the EEOC for allegedly refusing to allow a pregnant woman to begin working at its stamping plant in Chicago Heights.

Chicago Tribune Business News
Sep 28, 2021

Chase Bank closing Chicago Street location in downtown Elgin and Randall Road branch in Carpentersville
The downtown Elgin branch of Chase Bank, which opened in 1985, and one of two Chase branches in Carpentersville will close next month — victims of changing customer needs, a bank representative said.

Chicago Tribune Business News
Sep 28, 2021

Portillo's, preparing to go public, could grow to 600 restaurants nationwide
Portillo's has big plans to take its Italian beef sandwiches, hot dogs and chocolate cake shakes nationwide.

Chicago Tribune Business News
Sep 28, 2021

Mass timber construction is becoming more widely used throughout the US. When will it arrive at the home of the Great Chicago Fire?
Wood buildings are popping up all over the country, including the soon-to-be world's tallest in Milwaukee. In Chicago, plans remain more modest.

Chicago Tribune Business News
Sep 27, 2021

Who can get a COVID-19 booster? Where? Here's what Illinois residents should know about the next round of shots.
Millions of Illinois residents are now eligible for COVID-19 booster shots — but some confusion remains about exactly who can get them and when.

Chicago Tribune Business News
Sep 27, 2021

Former Blackhawk Martin Lapointe sells Burr Ridge home for $1.8M
Lapointe paid $780,000 in 2016 for the house he just sold

Chicago Tribune Business News
Sep 27, 2021

Why coffee could cost more at groceries, cafes
As if a cup of coffee wasn't expensive enough, a confluence of factors is driving up farmers' costs to grow the beans and it could begin filtering down to your local cafe before the end of the year.

Chicago Tribune Business News
Sep 27, 2021

COVID-19 vaccine boosters could mean billions for drugmakers
Billions more in profits are at stake for some vaccine makers as the U.S. moves toward dispensing COVID-19 booster shots to shore up Americans' protection against the virus.

Chicago Tribune Business News
Sep 27, 2021

Former WTMX staffer sues ‘Eric in the Morning' host Eric Ferguson, alleging radio star coerced sexual favors
A former assistant producer alleges Ferguson coerced sexual favors then punished her when she refused to resume an "unwelcome sexual relationship."

Chicago Tribune Business News
Sep 27, 2021

Facebook puts Instagram for kids on hold after pushback
Facebook is putting a hold on the development of a kids' version of Instagram to address concerns that have been raised about the vulnerability of younger users.

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