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Preview: Breaking News

Chicago Business News

Last Build Date: Thu, 8 Dec 2016 00:32:28 -0400


Lothian hands CEO title to newsletter editor

Wed, 07 Dec 2016 17:53:26 -0400

John Lothian, long associated with a financial market newsletter of the same name, is turning over the top job at his Chicago business to his long-time lieutenant James Kharouf.

Cole Haan leaves Michigan Avenue after more than three decades

Wed, 07 Dec 2016 14:00:00 -0400

The footwear label closed its store at 673 N. Michigan Ave. the day after Black Friday.

A new chapter in one of the year's ugliest merger spats

Wed, 07 Dec 2016 14:00:00 -0400

Abbott now wants out of the $8.4 billion Alere deal—and for good reason.

Another newsroom is coming to town

Wed, 07 Dec 2016 14:06:05 -0400

ProPublica, a nine-year-old investigative news operation, is bringing its digital journalism to Chicago. It's the New York-based nonprofit's first major expansion.

Boeing sweats under Trump spotlight as SoftBank feels warmth

Wed, 07 Dec 2016 14:00:00 -0400

First came Ford and Carrier. Now Boeing and SoftBank are experiencing the power of Donald Trump's Twitter feed.

Dow, S&P 500 surge to record high closes

Wed, 07 Dec 2016 14:00:00 -0400

It was the market's biggest gain since early November.

PrivateBancorp's stock should have popped today. Here's why it didn't.

Wed, 07 Dec 2016 13:55:04 -0400

The Chicago-based bank postponed tomorrow's shareholder vote on its sale to Canada's CIBC because there wasn't enough support for the deal. So why did CIBC react so dismissively?

Rauner signs Exelon nuclear bailout

Wed, 07 Dec 2016 12:00:00 -0400

The bill provides billions of dollars in subsidies to the power giant so it can keep unprofitable nuclear plants running in Clinton and the Quad Cities.

Jimmy John's backs off controversial noncompetes in deal with Illinois AG

Wed, 07 Dec 2016 11:00:00 -0400

The Champaign-based sandwich chain's noncompetes, thought to be some of the most stringent in the business world, are now null and unenforceable in Illinois.

Best private dining rooms for your holiday party

Wed, 07 Dec 2016 10:00:00 -0400

Looking to book a private spot in a downtown restaurant to host your event? We visited nearly 100 so you don't have to. 

Abbott wants out of $8.4 billion Alere deal

Wed, 07 Dec 2016 10:00:00 -0400

The North Chicago company cited setbacks since the deal was signed in January that it says have significantly eroded the value of Alere, a medical-test maker.

Emanuel, Trump meeting this morning

Wed, 07 Dec 2016 09:00:00 -0400

The mayor and the president-elect will meet while Emanuel is in New York for other meetings, including on city finances.

Trump on Air Force One deal: 'We're going to get the prices down'

Wed, 07 Dec 2016 08:00:00 -0400

The president-elect said today that he had spoken with the head of Boeing and would work out the matter or else forgo the purchases.

PrivateBancorp delays vote on CIBC deal

Wed, 07 Dec 2016 06:00:00 -0400

The meeting was scheduled for tomorrow. The move comes in light of soaring bank stock prices that have rendered the value of the deal not compelling.

Hard to keep track of all the rate hikes: ComEd wins one for 2017

Tue, 06 Dec 2016 15:32:02 -0400

The ICC approved a delivery rate increase that will raise the average ComEd household customer's monthly electric bill by about $2 a month next year.

Chicago hip-hop artist Chance just nabbed 7 Grammy nominations

Tue, 06 Dec 2016 14:00:00 -0400

The independent star—a member of Crain's latest 40 Under 40 class—talked to us about his decision to skip labels and go it alone.

Supreme Court upholds Katrina fraud verdict against State Farm

Tue, 06 Dec 2016 14:00:00 -0400

The insurer wanted the whistleblower case dismissed. The justices disagreed.

Caesars bankruptcy deal in jeopardy

Tue, 06 Dec 2016 13:00:00 -0400

Bank lenders said they might walk away from a plan to bring the casino unit out of its $18 billion bankruptcy, potentially sending a high-stakes reorganization plan into disarray.

World-class events for a world-class city

Wed, 07 Dec 2016 09:00:00 -0400

10 Things to Do: Mezzo-soprano Joyce DiDonato, “Amahl and the Night Visitors,” the Joffrey's new "Nutcracker" from Christopher Wheeldon, "Mystery Science Theater" and more.

Meet these standouts from Chicago's food scene

Wed, 07 Dec 2016 04:00:00 -0400

Restaurants and beverage companies play an important role in the city's economy—and they influence our annual 40 Under 40 list. Find a rising chef, a big beverage chief and more.

10 Illinois hospitals among top ones in U.S., survey finds

Tue, 06 Dec 2016 10:32:42 -0400

A Washington, D.C.-based nonprofit gave high marks to Lurie Children's Hospital and Elmhurst Memorial Hospital, among others.

Trump tweets at Boeing: 'Cancel order!'

Tue, 06 Dec 2016 09:00:00 -0400

The president-elect slammed the latest Air Force One order, taking aim at plans to replace jets that are among the most visible symbols of the American presidency.

Thoma Bravo to sell software firm for $2.8 billion

Tue, 06 Dec 2016 08:00:00 -0400

The private-equity firm acquired Deltek in a $1.1 billion deal several years ago.

These rising stars occupy all corners of the tech world

Tue, 06 Dec 2016 04:00:00 -0400

A serial entrepreneur. An elder statesman (at 39). A startup sherpa. The tech sector has a mighty presence in the 40 Under 40 class. Here are the brightest lights from the city's boldest sector.