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Chicago Tribune Business News
Mar 22, 2019

Lincoln Yards is giving Sterling Bay its first big taste of controversy. Now comes the $6 billion challenge.
After watching its Lincoln Yards plan spiral into one of the most hotly debated real estate developments in recent Chicago history, Sterling Bay is on the cusp of creating a new skyline on the city's North Side.

Just two votes, which are expected to go in favor of the project, remain before the...



Chicago Tribune Business News
Mar 21, 2019

Lincoln Yards gave Sterling Bay its first big taste of controversy. Now comes the $6 billion challenge.
After watching its Lincoln Yards plan spiral into one of the most hotly debated real estate developments in recent Chicago history, Sterling Bay is on the cusp of creating a new skyline on the city's North Side.

Just two votes, which are expected to go in favor of the project, remain before the...



Chicago Tribune Business News
Mar 21, 2019

'It's a struggle to pay the bills': Illinois independent pharmacies say they're being squeezed by middlemen
The pharmacy's workers cleared the shelves. A maintenance crew took down the signs. And then they shut the pharmacy's doors for the final time in July.

Dave Falk said he was forced to close his Sav-Mor Pharmacy in rural Mount Pulaski after the recent expansion of a state program that relies on...



Chicago Tribune Business News
Mar 21, 2019

Bud Light knew its corn syrup ads would confuse consumers, MillerCoors alleges in lawsuit
MillerCoors sued Anheuser-Busch, maker of Bud Light, over the advertising campaign it launched during last month's Super Bowl, escalating the so-called Corn Syrup War that has ensued.

The Chicago-based beer maker alleges the commercials trick consumers into believing there is corn syrup and high-fructose...



Chicago Tribune Business News
Mar 21, 2019

MillerCoors sues over Bud Light corn syrup ads, calls them 'deliberate deception'
MillerCoors sued Anheuser-Busch, maker of Bud Light, over the advertising campaign it launched during last month's Super Bowl, taking the so-called Corn Syrup War to court.

The Chicago-based beer-maker alleges the commercials deceive consumers over MillerCoors' use of corn syrup in the brewing...



Chicago Tribune Business News
Mar 21, 2019

The latest brick in the Michigan Avenue wall: A tall order of metal and glass 'meh'
The spectacular, cliff-like wall of skyscrapers across Michigan Avenue from Grant Park conjures many metaphors: It's the face Chicago presents to the world, the front porch that overlooks the city's front yard, a group portrait that achieves extraordinary coherence despite an aesthetic array that...



Chicago Tribune Business News
Mar 20, 2019

Layoffs thin the creative ranks at Groupon
Groupon, the Chicago-based daily deals website, laid off about 20 employees last week, purging a number of members of its creative services team, the company confirmed Wednesday.

The staffers, who were dismissed on Thursday, included writers and photographers who developed content for social media...



Chicago Tribune Business News
Mar 20, 2019

Potential buyer of McDonald's Campus in talks with Oak Brook officials
Representatives of a large company have met with village engineers as part of a due diligence process leading to the possible purchase of the McDonald's campus property in Oak Brook, Village President Gopal Lalmalani said Tuesday.

Lalmalani stopped short of identifying the company interested in...



Chicago Tribune Business News
Mar 20, 2019

Miller Lite invades Bud Light's 'Dilly Dilly' medieval kingdom in attack ads set for March Madness
Miller Lite is invading Bud Light's "Dilly Dilly" medieval kingdom with two attack ads set to air during March Madness broadcasts.

The latest salvo in the escalating Corn Syrup War is a mock behind-the scenes look at the Bud Light Super Bowl ads, where the costumed knights and crew crack open cans...



Chicago Tribune Business News
Mar 20, 2019

In latest Corn Syrup War salvo, Miller Lite invades Bud Light's world in ads set for March Madness
Miller Lite is invading Bud Light's "Dilly Dilly" medieval kingdom with two attack ads set to air during March Madness broadcasts.

The latest salvo in the escalating Corn Syrup War is a mock behind-the scenes look at the Bud Light Super Bowl ads, where the costumed knights and crew crack open cans...



Chicago Tribune Business News
Mar 20, 2019

Embrace the Madness: Employers go all in with basketball watch parties, pizza and office pools
When the NCAA men's basketball tournament tips off Thursday, millions of viewers at offices across the country will huddle over their screens of choice, doing their level best to look busy while toggling between spreadsheets and the Michigan State - Bradley game.

Welcome to March Madness, an annual...



Chicago Tribune Business News
Mar 20, 2019

Embracing March Madness: Employers go all in with basketball watch parties, pizza and office pools
When the NCAA men's basketball tournament tips off Thursday, millions of viewers at offices across the country will huddle over their screens of choice, doing their level best to look busy while toggling between spreadsheets and the Michigan State - Bradley game.

Welcome to March Madness, an annual...



Chicago Tribune Business News
Mar 19, 2019

Nonstop flights to Israel returning to O'Hare
Chicago will have nonstop flights to Israel for the first time in two decades next year, city officials announced Wednesday.

El Al Israel Airlines will fly between Chicago and Ben Gurion Airport near Tel Aviv three times per week starting in March 2020, with flights departing O'Hare International...



Chicago Tribune Business News
Mar 19, 2019

Changes sought for multibillion-dollar development proposed over train tracks near Soldier Field
A bold proposal to put skyscrapers and a massive new transit center atop train tracks near Soldier Field could be headed for major changes, less than a week after the potentially transformative project was unveiled.

The multibillion-dollar plan led by Wisconsin-based developer Bob Dunn created...



Chicago Tribune Business News
Mar 19, 2019

Alderman wants 'numerous revisions, compromises' in multibillion-dollar plan to build over tracks by Soldier Field
A bold proposal to put skyscrapers and a massive new transit center atop train tracks near Soldier Field could be headed for major changes, less than a week after the potentially transformative project was unveiled.

The multibillion-dollar plan led by Wisconsin-based developer Bob Dunn created...



Chicago Tribune Business News
Mar 19, 2019

The marijuana money keeps flowing: Chicago weed company Grassroots Cannabis lands $90 million for growth
Grassroots Cannabis raised $90 million to expand its operations in Illinois and across the country, becoming the latest Chicago-based marijuana company to bring in a sizable round of funding.

The money will fund an expansion in Grassroots' cultivation facility in Litchfield, about 210 miles southwest...



Chicago Tribune Business News
Mar 19, 2019

Grassroots Cannabis raises $90 million to expand facilities in Illinois and other states as the marijuana industry takes off
Grassroots Cannabis raised $90 million to expand its operations in Illinois and across the country, becoming the latest Chicago-based marijuana company to bring in a sizable round of funding.

The money will fund an expansion in Grassroots' cultivation facility in Litchfield, about 210 miles southwest...



Chicago Tribune Business News
Mar 19, 2019

Ethiopian Airlines data and voice 'black boxes' have been read successfully
The "black boxes" of the Ethiopian Airlines jet that crashed with the loss of 157 lives last week have been read successfully, French accident investigators said Monday.

The recorders from the Boeing 737 Max 8, which crashed March 10 shortly after takeoff from Addis Ababa, have been sent back to...



Chicago Tribune Business News
Mar 19, 2019

Boeing CEO: 'We know lives depend on the work we do'
Boeing's CEO says the aircraft manufacturer is taking actions to ensure the safety of its 737 Max jets in the wake of two crashes that killed 346 people.

In an open letter addressed to airlines, passengers and the aviation community, Dennis Muilenburg says Chicago-based Boeing will soon release...



Chicago Tribune Business News
Mar 18, 2019

The fastest computer in the world is being built 25 miles outside Chicago. Its name is Aurora.
Smack dab in the middle of a forest preserve about 25 miles west of Chicago, Argonne National Laboratory is building the fastest computer in the world. Its name is Aurora.

Once it's turned on in 2021, Aurora will be able to do more than one quintillion (that's a 10 with 18 zeros behind it) operations...



Chicago Tribune Business News
Mar 18, 2019

Foxconn says southeastern Wisconsin factory will be up and running in 2020
Foxconn Technology Group said Monday that its manufacturing facility in Wisconsin will be producing flat-screen panels by the end of 2020, with construction starting later this year.

The news came after the worldwide electronics manufacturing leader sent mixed signals earlier this year about whether...



Chicago Tribune Business News
Mar 18, 2019

Foxconn says Wisconsin factory will be operational in 2020
Foxconn Technology Group said Monday that its manufacturing facility in Wisconsin will be producing flat-screen panels by the end of 2020, with construction starting later this year.

The news came after the worldwide electronics manufacturing leader sent mixed signals earlier this year about whether...



Chicago Tribune Business News
Mar 18, 2019

Floral delivery company FTD issues warning about its future
Flower and gift delivery service FTD could go out of business or shrink its operations this summer if it doesn't find a buyer or raise money by June 1, the company said Monday.

Last week, the Chicago-based company revised a credit agreement that required it to, among other things, pay back $217.7...



Chicago Tribune Business News
Mar 15, 2019

Dum-Dums licks Charms Mini Pops in round 1 of lollipop trademark suit
The maker of Dum-Dums lollipops won a round in its battle with the company that makes Charms Mini Pops after forcing Chicago-based Tootsie Roll Industries to abandon "confusingly similar" packaging for its rival lollipops.

Spangler Candy, a private, century-old Ohio confectioner that owns the Dum-Dums...



Chicago Tribune Business News
Mar 15, 2019

Lollipop guild at war: Dum-Dums lawsuit forces Charms Mini Pops to drop 'confusingly similar' bag
The maker of Dum-Dums lollipops won a round in its battle with the company that makes Charms Mini Pops this week after forcing Chicago-based Tootsie Roll Industries to abandon "confusingly similar" packaging for its rival lollipops.

Spangler Candy, a private, century-old Ohio confectioner that...



Chicago Tribune Business News
Mar 15, 2019

Lollipop guild at war: Dum-Dums lawsuit forces Charms Mini Pops to drop 'confusingly similar' bag, for now
The maker of Dum-Dums lollipops won a round in its battle with the company that makes Charms Mini Pops this week after forcing Chicago-based Tootsie Roll Industries to abandon "confusingly similar" packaging for its rival lollipops.

Spangler Candy, a private, century-old Ohio confectioner that...



Chicago Tribune Business News
Mar 15, 2019

The lollipop wars: Dum-Dums forces Charms Mini Pops to drop — for now — 'confusingly similar' package
The maker of Dum-Dums lollipops won a round in its battle with the company that makes Charms Mini Pops this week after forcing Chicago-based Tootsie Roll Industries to abandon "confusingly similar" packaging for its rival lollipops.

Spangler Candy, a private, century-old Ohio confectioner that...



Chicago Tribune Business News
Mar 15, 2019

Marijuana supper clubs in Chicago: 'It's not ... some kind of criminal enterprise going on here. It's a dinner party.'
The tables were set and the candles lit. Bouquets of baby's breath were arranged on black tablecloths, and menus rested atop each plate.

Table for Twenty was hosting its first event of the year. Wearing cocktail party attire, diners who paid $115 for a ticket sipped drinks and enjoyed a five-course...



Chicago Tribune Business News
Mar 14, 2019

College admissions consulting was booming well before the bribery scandal. Here's why.
Cutthroat competition to get into the nation's best colleges has fueled an explosion of admissions consultants, who charge families thousands of dollars to help students navigate the process.

The industry is in the limelight, now that federal authorities have charged 50 people, including Hollywood...



Chicago Tribune Business News
Mar 14, 2019

College bribery scandal puts spotlight on admissions consulting, a booming but unregulated cottage industry
Cutthroat competition to get into the nation's best colleges has fueled an explosion of admissions consultants, who charge families thousands of dollars to help students navigate the process.

The industry is in the limelight, now that federal authorities have charged 50 people, including Hollywood...



Chicago Tribune Business News
Mar 14, 2019

Could Tesla's shift to online sales mean the end of your friendly local car dealer?
Packey Webb Ford, a 57-year-old Downers Grove car dealer with the oldest of old-school jingles — the impossible-to-shake "The Whole Town's Talking About the Webb Boys" — has bet more than $20 million on what it hopes will be the dealership of the future.

With car shopping migrating online and dealerships...



Chicago Tribune Business News
Mar 14, 2019

As 'Webb boys' make $20 million bet on new showroom, whole town's talking about ... how Tesla may doom dealerships
Packey Webb Ford, a 57-year-old Downers Grove car dealer with the oldest of old-school jingles — the impossible-to-shake "The Whole Town's Talking About the Webb Boys" — has bet more than $20 million on what it hopes will be the dealership of the future.

With car shopping migrating online and dealerships...



Chicago Tribune Business News
Mar 14, 2019

Whole town's talking about how Tesla may doom dealerships as 'Webb boys' make $20 million showroom bet
Packey Webb Ford, a 57-year-old Downers Grove car dealer with the oldest of old-school jingles — the impossible-to-shake "The Whole Town's Talking About the Webb Boys" — has bet more than $20 million on what it hopes will be the dealership of the future.

With car shopping migrating online and dealerships...



Chicago Tribune Business News
Mar 13, 2019

Skycrapers, massive transit center could reshape area around Soldier Field
Chicago's skyline could extend all the way south to McCormick Place, under a multibillion-dollar development plan unveiled Wednesday that would create a row of gleaming skyscrapers atop a massive new transit center.

The preliminary plan, led by Wisconsin-based developer Bob Dunn, envisions millions...



Chicago Tribune Business News
Mar 13, 2019

Skyscrapers, massive transit center could reshape area around Soldier Field
Chicago's skyline could extend all the way south to McCormick Place, under a multibillion-dollar development plan unveiled Wednesday that would create a row of gleaming skyscrapers atop a massive new transit center.

The preliminary plan, led by Wisconsin-based developer Bob Dunn, envisions millions...



Chicago Tribune Business News
Mar 13, 2019

The U.S. grounded all Boeing 737 Max jets. Here's what you need to know.
Amid mounting pressure from concerned flyers, the Federal Aviation Administration on Wednesday grounded all Boeing 737 Max 8 and Max 9 aircraft in the wake of two deadly crashes within less than six months.

The move brought the U.S. in line with most of the rest of the world, which had already...



Chicago Tribune Business News
Mar 13, 2019

No job, no food stamps: Would stricter rules let more Illinoisans feel 'power of work' or just be 'cruel'?
For at least a decade, most Illinois residents who receive food stamps have been exempt from a federal law that requires them to work or risk losing their benefits.

But a proposal that would make it harder to obtain those exemptions — a move designed to encourage people to find jobs while unemployment...



Chicago Tribune Business News
Mar 13, 2019

In Illinois, 77 percent of able-bodied, childless food stamp recipients don't work. The USDA wants to change that.
For at least a decade, most Illinois residents who receive food stamps have been exempt from a federal law that requires them to work or risk losing their benefits.

But a proposal that would make it harder to obtain those exemptions — a move designed to encourage people to find jobs while unemployment...



Chicago Tribune Business News
Mar 13, 2019

In Illinois, 77% of able-bodied, childless food stamp recipients at risk as feds push to enforce work requirements
For at least a decade, most Illinois residents who receive food stamps have been exempt from a federal law that requires them to work or risk losing their benefits.

But a proposal that would make it harder to obtain those exemptions — a move designed to encourage people to find jobs while unemployment...



Chicago Tribune Business News
Mar 13, 2019

Trump announces grounding of Boeing 737 Max flights, bringing U.S. in line with other countries
President Donald Trump said the U.S. is issuing an "emergency order" grounding all Boeing 737 Max 8 and Max 9 aircraft in the wake of two deadly crashes within less than six months.

The move brought the United States in line with most of the rest of the world, which had already halted flights on...



Chicago Tribune Business News
Mar 13, 2019

U.S. grounds all Boeing 737 Max 8 and Max 9 aircraft after Ethiopia crash
President Donald Trump says the U.S. is issuing an "emergency order" grounding all Boeing 737 Max 8 and Max 9 aircraft following the fatal plane crash in Ethiopia last week. 

The move follows bans in more than 40 countries including Canada and the entire European Union in the days since an Ethiopian...



Chicago Tribune Business News
Mar 13, 2019

Now Canada has joined the ban on Boeing's 737 Max 8. If you're concerned, here's what you need to know.
Backlash against Boeing's 737 Max 8 jet grew as Canada on Wednesday joined most of the world in grounding the aircraft involved in two deadly crashes within less than six months.

U.S. aviation officials have declined to follow suit and haven't moved to halt flights while investigations are underway....



Chicago Tribune Business News
Mar 13, 2019

Pork & Mindy's to open BBQ joints inside 28 Mariano's this year
Barbecue joint Pork & Mindy's plans to open mini restaurants inside 28 Chicago-area Mariano's this year, a huge expansion for the local sandwich shop and a new kind of partnership for the grocery chain.

Pork & Mindy's, which launched its first restaurant in Chicago's Bucktown neighborhood in 2016,...



Chicago Tribune Business News
Mar 13, 2019

United Airlines extends HQ lease at Willis Tower until 2033
United Airlines will keep its headquarters in Willis Tower for at least another 14 years, after being courted by owners of megadevelopment sites along the Chicago River.

The Chicago-based airline said it has extended its lease in Chicago's tallest skyscraper until 2033, following a year-and-a-half...



Chicago Tribune Business News
Mar 12, 2019

If you're concerned about flying on the Boeing 737 Max 8, here's what you need to know
Backlash against Boeing's 737 Max 8 jet grew Tuesday as European aviation regulators joined countries in Asia and Latin America grounding the aircraft involved in two deadly crashes within less than six months.

U.S. aviation officials have declined to follow suit and haven't moved to halt flights...



Chicago Tribune Business News
Mar 12, 2019

Flying soon? If you're concerned about the Boeing 737 Max 8, here's what you need to know.
Backlash against Boeing's 737 Max 8 jet grew Tuesday as European aviation regulators joined countries in Asia and Latin America grounding the aircraft involved in two deadly crashes within less than six months.

U.S. aviation officials have declined to follow suit and haven't moved to halt flights...



Chicago Tribune Business News
Mar 12, 2019

As more countries ground Boeing 737 Max 8, passengers consider avoiding aircraft
Backlash against Boeing's 737 Max 8 jet grew Tuesday as European aviation regulators joined countries in Asia and Latin America grounding the aircraft involved in two deadly crashes within less than six months.

U.S. aviation officials have declined to follow suit and haven't moved to halt flights...



Chicago Tribune Business News
Mar 12, 2019

7 highlights from Venice Architecture Biennale are now in the soaring Wrightwood 659 gallery in Chicago
So you weren't able to jet over to Italy for last year's Venice Architecture Biennale, where two institutions from Chicago had the honor of organizing the exhibition in the U.S. pavilion?

Well, you happen to be in luck.

The exhibition, a bravely forward-looking exploration of how architecture can...



Chicago Tribune Business News
Mar 12, 2019

Who needs to go to Venice to see an architecture show that envisions the shape of tomorrow? That show is now on view in Chicago
So you weren't able to jet over to Italy for last year's Venice Architecture Biennale, where two institutions from Chicago had the honor of organizing the exhibition in the U.S. pavilion?

Well, you happen to be in luck.

The exhibition, a bravely forward-looking exploration of how architecture can...



Chicago Tribune Business News
Mar 12, 2019

They brought the Venice to you: 7 highlights from Venice Architecture Biennale are now in the soaring Wrightwood 659 gallery in Chicago
So you weren't able to jet over to Italy for last year's Venice Architecture Biennale, where two institutions from Chicago had the honor of organizing the exhibition in the U.S. pavilion?

Well, you happen to be in luck.

The exhibition, a bravely forward-looking exploration of how architecture can...



Chicago Tribune Business News
Mar 12, 2019

University of Chicago's Booth School of Business slips from top spot in U.S. News & World report ranking
The University of Chicago's Booth School of Business failed to grab the No. 1 spot on this year's U.S. News & World Report list of the nation's top MBA programs.

The rankings, released Tuesday, list the best graduate schools in the nation for 2020, including the top full-time MBA schools, the best...



Chicago Tribune Business News
Mar 11, 2019

Two crashes of Boeing's new 737 Max 8 jets leave some flyers anxious: 'It definitely catches your attention'
As aviation officials continued investigating an airplane crash that killed more than 150 people in Ethiopia on Sunday, U.S. airlines faced uncertainty among travelers about whether they ought to worry about boarding a flight on the particular plane in question.

It's the second major crash involving...



Chicago Tribune Business News
Mar 11, 2019

Despite reassurances, a second 737 crash stirs anxiety among flyers
As aviation officials continued investigating an airplane crash that killed more than 150 people in Ethiopia on Sunday, U.S. airlines faced uncertainty among travelers about whether they ought to worry about boarding a flight on the particular plane in question.

It's the second major crash involving...



Chicago Tribune Business News
Mar 11, 2019

Black Chicago neighborhoods farther from trauma care than white areas, though new U. of C. trauma center helped
Chicagoans in mostly black neighborhoods are still more likely to live far from trauma centers than those in white neighborhoods — though the gap has shrunk dramatically since University of Chicago Medicine opened its trauma center last year, according to a new study.

Before the trauma center opened,...



Chicago Tribune Business News
Mar 11, 2019

Two short flights end in fatal crashes of a Boeing 737 Max 8. Is there a connection?
Once again, an almost brand-new Boeing 737 Max 8 crashes not long after takeoff as it flies erratically and pilots ask to return to the airport.

The crash Sunday morning of a jetliner in Ethiopia bears unmistakable similarities to the Oct. 29 tragedy off the coast of Indonesia involving the same...



Chicago Tribune Business News
Mar 11, 2019

A Chicago-based marijuana company is being bought for $850 million
A marijuana company based in Phoenix is paying $850 million for one of Chicago's newest cannabis operators, Verano Holdings.

The deal will give Harvest Health & Recreation the right to operate Verano's cultivation facility in downstate Albion and three dispensaries in Illinois, as well as its operations...



Chicago Tribune Business News
Mar 11, 2019

New U. of C. trauma center helped, but black Chicago neighborhoods still lag white areas on trauma care, study says
Chicagoans in mostly black neighborhoods are still more likely to live far from trauma centers than those in white neighborhoods — though the gap has shrunk dramatically since University of Chicago Medicine opened its trauma center last year, according to a new study.

Before the trauma center opened,...



Chicago Tribune Business News
Mar 11, 2019

Boeing stock under pressure as second 737 Max crash grounds jets in China, Indonesia
Pressure on the Boeing Co. escalated after China and Indonesia decided to ground flights of the U.S. planemaker's newest 737 jet in respose to the second deadly crash of the best-selling narrow-body in five months.

Boeing shares fell sharply in early U.S. trading, a day after Ethiopian Airlines...



Chicago Tribune Business News
Mar 08, 2019

The fix is in for Lincoln Yards, but the next mayor can learn from this megadevelopment's faults
The Chicken Little theory of why Chicago must approve the flawed Lincoln Yards megadevelopment — now, not later, or else the sky will fall — is winning the day.

Chicago, this theory goes, cannot repeat the mistake of New York, where Amazon last month pulled the plug on a big headquarters after...



Chicago Tribune Business News
Mar 08, 2019

Hackers target health data: 82% of hospital tech experts reported 'significant security incident' in last year
When most people go to the hospital, data security is the last thing on their minds. They're in pain, anxious and unsure. They want to be treated and return to their lives.

Yet sometimes patients still have cause to worry months after they leave the hospital. They're discovering that data they...



Chicago Tribune Business News
Mar 08, 2019

Hospitals have 'holy grail of personal data,' yet their spending lags on digital security
When most people go to the hospital, data security is the last thing on their minds. They're in pain, anxious and unsure. They want to be treated and return to their lives.

Yet, sometimes, patients still have cause to worry months after they leave the hospital. They're discovering that data they...



Chicago Tribune Business News
Mar 08, 2019

Illinois' largely white marijuana industry is booming, and minority-run businesses want in on it
Illinois' marijuana industry is flourishing. More residents are buying the drug for medicinal use, and the state is on the brink of legalizing recreational use of cannabis, potentially creating opportunities for a new wave of entrepreneurs.

But right now, business owners in line to reap the financial...



Chicago Tribune Business News
Mar 07, 2019

United fires 35 employees accused of abusing family travel perks
When airlines say employee travel benefits that allow nearly free flights are for friends and family, they mean it.

United Airlines has fired 35 employees who were allegedly involved in a "brokering scheme" involving the sale of travel privileges that employees get as a perk of working for the...



Chicago Tribune Business News
Mar 07, 2019

Westlake Hospital's new owners lied about keeping it open, Melrose Park alleges in lawsuit
The Village of Melrose Park is suing the new owners of Westlake Hospital, accusing them of fraudulent misrepresentations for buying the facility and then deciding to close it weeks later.

In the lawsuit, filed in Cook County Circuit Court on Thursday, the village alleges that Los Angeles-based...



Chicago Tribune Business News
Mar 07, 2019

Zoning Committee approves Lincoln Yards project; megadevelopment is just 3 votes away from final OK
Mayor Rahm Emanuel went to unusual lengths Thursday to push the controversial Lincoln Yards plan through a City Council committee, relying on aldermanic allies to override the usually sacrosanct wishes of the committee chair, who wanted to defer the vote on the massive project.

Developer Sterling...



Chicago Tribune Business News
Mar 07, 2019

Zoning Committee approves Lincoln Yards project; megadevelopment is just three votes away from final OK
Mayor Rahm Emanuel went to unusual lengths Thursday to push the controversial Lincoln Yards plan through a City Council committee, relying on aldermanic allies to override the usually sacrosanct wishes of the committee chair, who wanted to defer the vote on the massive project.

Developer Sterling...



Chicago Tribune Business News
Mar 07, 2019

What's 'the real home' of Craftsman tools? It's not Sears anymore, Stanley says in lawsuit.
The tool manufacturer that bought Sears' Craftsman tools line is asking the courts to make Sears stop touting itself as the "real" home of the iconic brand.

Stanley Black & Decker bought the Craftsman brand from Sears Holdings Corp. in 2017. The deal, valued at $900 million, let both brands continue...



Chicago Tribune Business News
Mar 07, 2019

Why is Jane Byrne project taking so long? IDOT records offer clues. So could public hearing.
If all had gone as planned, the remake of the Jane Byrne Interchange could have been done by now.

Instead, drivers continue to face snarled traffic, closed lanes and bountiful construction signs at the juncture of the Eisenhower, Kennedy and Dan Ryan expressways west of the Loop, the effects of...



Chicago Tribune Business News
Mar 07, 2019

Why is the Jane Byrne project taking so long? IDOT records offer clues. So could a public hearing.
If all had gone as planned, the remake of the Jane Byrne Interchange could have been done by now.

Instead, drivers continue to face snarled traffic, closed lanes and bountiful construction signs at the juncture of the Eisenhower, Kennedy and Dan Ryan expressways west of the Loop, the effects of...



Chicago Tribune Business News
Mar 06, 2019

Lincoln Yards megadevelopment gets shorter, smaller in bid to get $6 billion proposal closer to reality
Sterling Bay has reduced the height and density of its Lincoln Yards project, in the latest revision undertaken by the developer to get zoning approval for the $6 billion megadevelopment.

Towers on the 54.5-acre site on the city's North Side would be limited to less than 600 feet in height, from...



Chicago Tribune Business News
Mar 06, 2019

Lincoln Yards plan gets shorter, smaller just before Thursday's key zoning vote on $6 billion megadevelopment
Sterling Bay has reduced the height and density of its Lincoln Yards project, in the latest revision undertaken by the developer to get zoning approval for the $6 billion megadevelopment.

Towers on the 54.5-acre site on the city's North Side would be limited to less than 600 feet in height, from...



Chicago Tribune Business News
Mar 06, 2019

Lincoln Yards plan gets shorter, smaller just before today's key zoning vote on $6 billion megadevelopment
Sterling Bay has reduced the height and density of its Lincoln Yards project, in the latest revision undertaken by the developer to get zoning approval for the $6 billion megadevelopment.

Towers on the 54.5-acre site on the city's North Side would be limited to less than 600 feet in height, from...



Chicago Tribune Business News
Mar 06, 2019

FDA says asbestos found in cosmetics at teen chain Claire's
The Food and Drug Administration said it found asbestos in certain cosmetics sold by teen chain Claire's.

A consumer alert issued Tuesday advised consumers not to use certain eye shadows, compact powders and contour palettes the agency said tested positive for asbestos, a carcinogen.

Claire's,...



Chicago Tribune Business News
Mar 06, 2019

Dollar Tree to close up to 390 Family Dollar stores
Dollar Tree is closing up to 390 Family Dollar stores this year and rebranding about 200 others under the Dollar Tree name.

The company also slashed the value of its struggling Family Dollar chain, booking a $2.73 billion charge in its fiscal fourth quarter. There were 224 Family Dollar stores...



Chicago Tribune Business News
Mar 06, 2019

Up to 390 Family Dollar stores are set to close, another 200 will switch to Dollar Tree brand
Dollar Tree is closing up to 390 Family Dollar stores this year and rebranding about 200 others under the Dollar Tree name.

The company also slashed the value of its struggling Family Dollar chain, booking a $2.73 billion charge in its fiscal fourth quarter. There were 224 Family Dollar stores...



Chicago Tribune Business News
Mar 06, 2019

Uber plans to hire hundreds more in Chicago, is on the hunt for additional office space
Uber Technologies is searching the downtown office market for a big new space as it plans to hire hundreds of employees over the next year for its growing Uber Freight business.

Launched in May 2017, Uber Freight connects truck drivers with shippers. Chicago has become the headquarters for the...



Chicago Tribune Business News
Mar 06, 2019

Tax preparers lured filers with false promise of big refunds, then hit them with fees, Illinois attorney general says
Michael Anderson and his wife, Kathy, spun his tax preparer's electronic "prize wheel" and won a promise from the company to double their refund.

That never happened. Instead, the preparer charged the Andersons more than twice as much as Anderson says he was told, made mistakes on the federal return...



Chicago Tribune Business News
Mar 06, 2019

Elon Musk's O'Hare transit plan has gone nowhere. But now his tunnel may happen in Las Vegas.
Entrepreneur Elon Musk's dream of an express tunnel transit system could finally become a reality in Las Vegas after major setbacks in Chicago and other cities.

Las Vegas' tourism agency announced Wednesday it is recommending that an enterprise backed by the divisive billionaire receive a contract...



Chicago Tribune Business News
Mar 05, 2019

Lincoln Yards developer, pushing for OK before mayoral change, doubles affordable housing to record 600 units
The $6 billion Lincoln Yards megadevelopment will include 600 affordable housing units — twice as many as required — in a compromise by Sterling Bay as it seeks to gain approval for the sweeping project to remake more than 50 acres along the Chicago River on the city's North Side.

The new figure...



Chicago Tribune Business News
Mar 05, 2019

Tax firms preparing to break bad news: Refunds are shrinking under new tax law
Despite warnings from the Internal Revenue Service that more people may owe money this tax season, early returns show taxpayers may not be fully prepared for the sticker shock.

At Gladys R. Wilson and Associates, a family-owned accounting firm on Chicago's Northwest Side that has been breaking...



Chicago Tribune Business News
Mar 05, 2019

Refunds are shrinking under new tax law. Please don't take it out on your accountant.
Despite warnings from the Internal Revenue Service that more people may owe money this tax season, early returns show taxpayers may not be fully prepared for the sticker shock.

At Gladys R. Wilson and Associates, a family-owned accounting firm on Chicago's Northwest Side that has been breaking...



Chicago Tribune Business News
Mar 05, 2019

Refunds are shrinking under the new tax law. Please don't take it out on your accountant.
Despite warnings from the Internal Revenue Service that more people may owe money this tax season, early returns show taxpayers may not be fully prepared for the sticker shock.

At Gladys R. Wilson and Associates, a family-owned accounting firm on Chicago's Northwest Side that has been breaking...



Chicago Tribune Business News
Mar 05, 2019

You might be getting a smaller tax refund. Please don't take it out on your accountant.
Despite warnings from the Internal Revenue Service that more people may owe money this tax season, early returns show taxpayers may not be fully prepared for the sticker shock.

At Gladys R. Wilson and Associates, a family-owned accounting firm on Chicago's Northwest Side that has been breaking...



Chicago Tribune Business News
Mar 05, 2019

Lincoln Yards to double affordable housing — to 600 units — in bid to win city approval
The $6 billion Lincoln Yards megadevelopment will include 600 affordable housing units — twice as many as required — in a compromise by Sterling Bay as it seeks to gain approval for the sweeping project to remake more than 50 acres along the Chicago River on the city's North Side.

It will be the...



Chicago Tribune Business News
Mar 04, 2019

Rush reports data breach involving 45,000 patients
The personal information of about 45,000 Rush patients may have been compromised in a data breach, the health system revealed in a recent financial filing.

The exposed data may include names, addresses, birthdays, Social Security numbers and health insurance information, according to the filing....



Chicago Tribune Business News
Mar 04, 2019

Bookies beware: Illinois gets ready to go all-in on sports betting
Sports gambling, a multibillion-dollar industry that mostly relies on the black market, may soon go legit in Illinois.

Backed by Gov. J.B. Pritzker and a host of gambling interests, Illinois is looking to join New Jersey, Pennsylvania and a growing number of states to legalize sports betting, turning...



Chicago Tribune Business News
Mar 04, 2019

Rosemont-based dishmaker Corelle merges with maker of superhot Instant Pot
Instant Pot is everywhere — on kitchen counters, cooking shows and Instagram.

Now Instant Brands, the maker of the multifunction cooking appliance, is merging with Rosemont-based Corelle Brands, bringing together century-old products like Pyrex glass cookware with a product that has more than 185,000...



Chicago Tribune Business News
Mar 04, 2019

Maker of superhot Instant Pot merges with Rosemont company behind Pyrex
Instant Pot is everywhere — on kitchen counters, cooking shows and Instagram.

Now Instant Brands, the maker of the multifunction cooking appliance, is merging with Rosemont-based Corelle Brands, bringing together century-old products like Pyrex glass cookware with a product that has more than 185,000...



Chicago Tribune Business News
Mar 01, 2019

Boxing fitness gym Rumble, backed by Stallone and Bieber, coming to Chicago's Gold Coast
Rumble, a boxing gym concept known for its celebrity investors and clientele, plans its first Midwest space in Chicago's high-rent Gold Coast neighborhood.

The New York-based fitness company has leased more than 8,0000 square feet in a building under construction at State and Elm streets, where...



Chicago Tribune Business News
Mar 01, 2019

How much are the Cubs worth? Try $2.15 billion.
The Chicago Cubs paid Tribune Media $107.5 million for the broadcast company's remaining 5 percent ownership stake in the team, a deal that values the club at $2.15 billion.

For those of you keeping score at home, that's about 100 times what Tribune paid for the team nearly 40 years ago.

Terms...



Chicago Tribune Business News
Mar 01, 2019

As consumer tastes evolve, prepared food companies like Kraft Heinz look for ways to stay relevant


Robin Ross, director of culinary at Kraft Heinz, doesn't need data to know how much consumer tastes have changed since processed food reigned supreme.



When she was growing up, dinner often meant heating up a can of something on the stove, and when she was raising kids she bought a lot of McDonald's...



Chicago Tribune Business News
Mar 01, 2019

Kraft Heinz needs innovation to survive. It's keeping five Glenview test kitchens busy trying to stay relevant.


Robin Ross, director of culinary at Kraft Heinz, doesn't need data to know how much consumer tastes have changed since processed food reigned supreme.



When she was growing up, dinner often meant heating up a can of something on the stove, and when she was raising kids she bought a lot of McDonald's...



Chicago Tribune Business News
Mar 01, 2019

You want fresh, natural meals. Velveeta-maker Kraft Heinz keeps 5 Glenview test kitchens busy trying to stay relevant.


Robin Ross, director of culinary at Kraft Heinz, doesn't need data to know how much consumer tastes have changed since processed food reigned supreme.



When she was growing up, dinner often meant heating up a can of something on the stove, and when she was raising kids she bought a lot of McDonald's...



Chicago Tribune Business News
Mar 01, 2019

Normal rush Friday morning for Metra, day after signal problems strand, delay 60,000 commuters at Union Station
Metra and Amtrak service returned to normal for the morning rush Friday, a day after more than 60,000 Chicago commuters either had long waits or had to find another way home because of an Amtrak signal problem.

"It seems like we're off to a normal morning rush," Metra spokeswoman Katie Dahlstrom...



Chicago Tribune Business News
Mar 01, 2019

RxBar founder steps down as CEO of protein bar company he started in parents' basement, then sold for $600M


RxBar CEO Peter Rahal has stepped down from the helm of his protein bar brainchild, one of numerous changes underway as the fast-growing snack company expands into breakfast and other new product categories.



Rahal, 32, said he has shifted to a "founder's role" focused on "vision, strategy and innovation"...



Chicago Tribune Business News
Mar 01, 2019

Make your Friday night plans now. National Day of Unplugging starts at sundown.
If you are reading this article on your phone, it's almost time to put the device down.

National Day of Unplugging kicks off Friday night in an effort to teach people that it is possible — and maybe even enjoyable — to take a break from their beloved mobile devices.

The initiative, now in its 10th...



Chicago Tribune Business News
Mar 01, 2019

If no one texted you back Saturday, maybe it's not you: National Day of Unplugging started at sundown Friday
If you are reading this article on your phone, it's almost time to put the device down.

National Day of Unplugging kicks off Friday night in an effort to teach people that it is possible — and maybe even enjoyable — to take a break from their beloved mobile devices.

The initiative, now in its 10th...



Chicago Tribune Business News
Mar 01, 2019

If no one texts you back today, maybe it's not you: National Day of Unplugging started at sundown Friday
If you are reading this article on your phone, it's almost time to put the device down.

National Day of Unplugging kicks off Friday night in an effort to teach people that it is possible — and maybe even enjoyable — to take a break from their beloved mobile devices.

The initiative, now in its 10th...



Chicago Tribune Business News
Mar 01, 2019

If no one texts you back tonight, maybe it's not you: National Day of Unplugging starts at sundown
If you are reading this article on your phone, it's almost time to put the device down.

National Day of Unplugging kicks off Friday night in an effort to teach people that it is possible — and maybe even enjoyable — to take a break from their beloved mobile devices.

The initiative, now in its 10th...



Chicago Tribune Business News
Feb 28, 2019

Metra, Amtrak service restored to normal after signal problems strand, delay 60,000 commuters at Union Station
Metra and Amtrak service was set to return to normal for the morning rush Friday, a day after more than 60,000 Chicago commuters either had long waits or had to find another way home Thursday because of an Amtrak signal problem.



Every rail line operating out of Union Station was affected starting...



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