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Business - Chicago Tribune



Business news from the Chicago Tribune. Get money tips, stock market updates and the latest Chicago business news.



Last Build Date: Thu, 27 Apr 2017 08:07:14 -0500

Copyright: ©2017 Chicago Tribune
 



United vows to reduce overbooking, will offer up to $10,000 to bumped passengers

Thu, 27 Apr 2017 05:06:00 PDT

United Airlines is promising to reduce overbooking and offer as much as $10,000 to customers who give up their seats on oversold flights, as it tries to recover from lasting outrage over videos of a bloodied passenger being dragged down the aisle of a plane after refusing to give up his seat.

The...

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In a Trump Canadian trade war, Illinois is a casualty

Thu, 27 Apr 2017 03:00:00 PDT

President Donald Trump is teeing up a trade war with Canada, and the state of Illinois, along with the Chicago area, could get bloodied should this cross-border confrontation escalate.

This week the administration imposed a tariff on Canada's softwood lumber, used primarily for home building. It...

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Baby who had extra legs removed from neck at Advocate Children's reunited with family

Wed, 26 Apr 2017 14:09:00 PDT

An 11-month-old baby who underwent a rare surgery at Advocate Children's Hospital to remove an extra set of legs from the back of her neck has been reunited with her family in Africa.

Baby Dominique's mother stood with her hands over her mouth as an escort pushed her daughter, in a stroller, toward...

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Owners of Fulton Market's Bird Tower Lofts look to feather their nest

Wed, 26 Apr 2017 15:39:00 PDT

A group of investors that has owned a full block in the Fulton Market District for more than three decades is ready to sell, hoping to become the latest longtime owner to cash in on the neighborhood's soaring property values.

The latest offering is a three-story building at 400 N. May St., also...

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Starbucks Roastery coming to Chicago's Magnificent Mile in 2019

Wed, 26 Apr 2017 05:37:00 PDT

Starbucks plans to open a four-level Roastery flagship on Michigan Avenue, its largest space yet for the high-end concept that the coffee giant is rolling out around the world.

Executive Chairman Howard Schultz said the company plans to bring its Starbucks Reserve Roastery showplace to the current...

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Some Chicago neighborhoods, suburbs still clawing back from housing crash

Wed, 26 Apr 2017 09:52:00 PDT

Housing prices in the Near West Side, Logan Square and a handful of other popular areas north of downtown are now well above their pre-crash peaks, but most of the city and the suburbs are still clawing their way back from the depths of the devastating crash, according to a new report.

Many areas...

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Water park company that bought Key Lime Cove moves HQ to Chicago

Wed, 26 Apr 2017 11:25:00 PDT

Indoor water park operator Great Wolf Resorts has moved its headquarters to Chicago and plans to expand its operation here, the company announced Wednesday.

Great Wolf employs 45 people at its 14,000-square-foot location in the city's River North neighborhood that opened last month.

Great Wolf,...

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Illinois soda tax could cut health costs, raise $561 million in revenue annually

Tue, 25 Apr 2017 14:53:00 PDT

A penny-per-ounce state tax on sugar-sweetened beverages could raise $561 million a year in new revenue for Illinois, while also saving millions in health care costs associated with obesity and diabetes, according to a new study released Tuesday by the Harvard T.H. Chan School of Public Health.

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'Much-loved' giant rabbit found dead after United flight to O'Hare

Wed, 26 Apr 2017 07:24:00 PDT

April truly is the cruelest month, at least when it comes to public relations disasters for United Airlines.

In the airline's latest high-profile calamity, a giant 10-month-old rabbit - which could have grown to a record-setting size - was found dead after traveling on a United Airlines flight...

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Blue Cross warns of higher exchange premiums if politicians change Obamacare rules

Tue, 25 Apr 2017 14:32:00 PDT

Blue Cross and Blue Shield of Illinois has not decided whether it will continue to offer plans on the Obamacare exchange next year, but if it does, exchange plan prices could rise "significantly" depending on political leaders' actions, according to the company.

Jill Wolowitz, the insurer's vice...

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United scores lowest among legacy airlines in customer satisfaction; JetBlue tops survey

Tue, 25 Apr 2017 13:32:00 PDT

The bad news for United Airlines: The Chicago-based carrier had the lowest customer satisfaction level of any legacy airline in a newly released annual survey.

The worse news: The survey was completed in March — before the viral video of a passenger being violently dragged off a United Express...

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At Trump Tower, an 'amazing' number of condos for sale or rent

Tue, 25 Apr 2017 13:27:00 PDT

Chicago's Trump Tower has an unusually large number of condominiums for sale and for rent, and real estate agents predict that a glut of available units in the building may pressure owners to drop their prices.

Already renters in Trump Tower say they have been able to get sizable discounts.

Bearing...

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Despite tech gains and companies like Argo Tea, don't count on going cashless

Tue, 25 Apr 2017 03:13:00 PDT

Some years ago, there was a Chicago neighborhood store that featured this sign over its only register: "Credit makes enemies. Let's be friends."

The owner of this Avondale storefront was making a not-very-subtle point: Cold hard cash rules.

In recent times, however, many enterprises have warmed...

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Apprenticeship programs increasingly put workers on track for jobs in finance

Mon, 24 Apr 2017 15:23:39 PDT

Victor Gutierrez graduated from high school with a clear career goal: to become an actuary. What he didn't have was a clear path to get there.

Juggling community college with jobs at McDonald's and a Holiday Inn, Gutierrez had little time for his studies. He worked nearly every day, leaving home...

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Holly Geraci loses lawsuit, must share condo elevator with dogs

Tue, 25 Apr 2017 05:00:00 PDT

The wife of a prominent Chicago bankruptcy attorney will have to share the elevator with dogs after losing a federal lawsuit last week against her condo association asking for canine-free carriage.

Holly Geraci filed the housing discrimination lawsuit in March 2015 against the Union Square Condominium...

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Could Jewel-Osco parent company buy Whole Foods?

Mon, 24 Apr 2017 12:21:00 PDT

Whole Foods Market Inc. shares rose the most in two weeks after the Financial Times reported that Albertsons Cos. is considering a takeover of the organic grocer.

Cerberus Capital Management, which backs Albertsons, owner of Jewel-Osco, has held preliminary talks with bankers about making a bid,...

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Oreo-maker Mondelez loses second top executive in 2 weeks

Mon, 24 Apr 2017 12:56:46 PDT

Mondelez International, the maker of snacks like Oreo cookies, Sour Patch Kids candy and Triscuit crackers, has lost another high-ranking executive.

Dana Anderson, the Deerfield-based company's chief marketing officer, has taken the same role at advisory firm MediaLink. Anderson, who has been with...

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McDonald's new stand-alone advertising agency names creative lead

Mon, 24 Apr 2017 16:12:00 PDT

McDonald's stand-alone advertising agency We Are Unlimited finally has a chief creative officer, months after its founding.

Toygar Bazarkaya, most recently Havas Worldwide's chief creative officer of the Americas, will start at We Are Unlimited on May 15. He will report to Ari Weiss, chief creative...

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Frontier Airlines launches Chicago-to-San Antonio service with $35 promo rate

Mon, 24 Apr 2017 12:15:00 PDT

If you've ever wanted to see the Alamo on the cheap, your plane has come in.

Frontier Airlines is launching nonstop service from Chicago to San Antonio with a one-day promotional rate starting at $35 each way.

The "buck" fares are available to passengers who book their flights by 10:59 p.m. Monday...

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Unsure if you're saving enough for college? Check out these new tools.

Fri, 21 Apr 2017 11:08:00 PDT

How do you know if you are saving enough for college? New Fidelity tools take some of the mystery out of the process and could help ensure that families don't come up short.

Young parents are saving more than any previous generation. As they struggle through the gigantic student loans they had...

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Sears to close 50 auto centers, 92 Kmart pharmacies to cut costs

Fri, 21 Apr 2017 15:24:00 PDT

Sears Holdings plans to close scores of Sears Auto Center locations and underperforming Kmart pharmacies as part of its effort to cut costs by $1.25 billion this year.

The Hoffman Estates-based retailer already has closed 150 stores nationally — including two in downstate Illinois — in cost-cutting...

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In wake of passenger-dragging incident, United CEO won't automatically become chairman

Fri, 21 Apr 2017 15:43:00 PDT

United CEO Oscar Munoz will not become chairman of the company's board next year as planned, the latest move taken by the airline to contain fallout over a passenger-dragging incident at O'Hare International Airport earlier this month.

In Friday regulatory filings, the Chicago-based airline said...

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American tries to learn from United's mistakes in incident captured on video

Sat, 22 Apr 2017 17:03:00 PDT

Another day, another cellphone video of a conflict on an airplane.

American Airlines said it grounded a flight attendant who got into a verbal confrontation with a passenger on a Friday flight from San Francisco to Dallas-Fort Worth.

Spokeswoman Leslie Scott says the airline is looking into whether...

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In picking Deerfield, Cat shows suburbs can still draw top corporations

Fri, 21 Apr 2017 08:05:00 PDT

There's a reality check lurking within Caterpillar's decision to relocate its global headquarters in Peoria to north suburban Deerfield.

Since January, when Cat said it was moving its HQ to the Chicago area, there had been an underlying expectation among some businesspeople that the big equipment...

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Chicago home sales come roaring back in March

Fri, 21 Apr 2017 09:45:00 PDT

Chicago home sales and prices rebounded strongly in March from a surprisingly sluggish February, just in time for the all-important spring housing season.

The Illinois Realtors reported Friday a 13.1 percent jump in sales and a 10 percent climb in the median price over the last year in the Chicago...

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Residential treatment center for OCD patients to open in Elk Grove Village

Fri, 21 Apr 2017 04:04:00 PDT

At this treatment facility, pictures on the walls will be crooked, on purpose.

Books on a bookshelf will be jumbled without regard to title, color or size.

It's all part of local hospital system Amita Health's plan to treat patients with severe obsessive-compulsive disorder at the system's new...

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California lettuce shortage hitting Chicago wallets, food banks

Thu, 20 Apr 2017 14:22:00 PDT

Finally, an excuse to not eat your vegetables.

A weather-induced shortage of leafy green vegetables in California has jacked up wholesale and retail prices in the Chicago area and throughout the U.S. Items like lettuce, cauliflower, broccoli and celery are selling for significantly more than usual...

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Last days of Chicago’s Fulton Market: Restaurants edge out meatpackers

Thu, 20 Apr 2017 12:19:00 PDT

Fulton Market, that sketchy old smelly neighborhood that (along with the Union Stockyards to the south) gave Chicago its big shoulders, that Near West Side meatpacking district that backed Carl Sandburg's claim to Chicago as "hog butcher for the world," that food-processing antiquity that outlasted...

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Trump administration launches national security investigation into steel imports

Thu, 20 Apr 2017 15:58:00 PDT

The Trump administration has launched an investigation into whether foreign imports of steel compromise U.S. national security, a step toward fulfilling a campaign promise of cracking down more severely on the unfair trading practices of countries like China.

President Donald Trump gathered with...

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At-home genetic test helps pick the right drugs to treat pain, depression

Thu, 20 Apr 2017 11:45:00 PDT

Many people know what it's like to take a medication that's not right for their bodies — painkillers, antidepressants, blood thinners or cancer drugs that cause unexpected side effects or simply don't work.

In recent years, science has come up with a possible solution: genetic tests that can show...

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Caterpillar bypasses Chicago, picks Deerfield for global headquarters

Thu, 20 Apr 2017 04:30:00 PDT

Caterpillar will move its global headquarters from Peoria to north suburban Deerfield, choosing not to follow the path of other large companies that have relocated to Chicago.

It's a decision steeped in irony: The equipment-maker's future Deerfield home was only available because of another company's...

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Mom who donated son's body to science alleges remains were illegally trafficked

Thu, 20 Apr 2017 08:09:00 PDT

As he suffered from spindle cell sarcoma, Jacob Sandersfeld told his mother that he'd like to donate his body to medical research.

A day after her son died in June 2014 at age 23, Poplar Grove resident Dawn Carroll carried through with his wishes, signing a form authorizing that his body be donated...

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Chance the Rapper sues over alleged bootlegged merchandise

Thu, 20 Apr 2017 04:45:00 PDT

Chance the Rapper is suing bootleggers for allegedly selling unauthorized merchandise outside his shows.

The Chicago rapper's company, Chance the Rapper LLC, owns the "Chance the Rapper" trademark, according to the complaint. But bootleggers purportedly showed up outside venues where Chance was...

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Central Grocers will close 9 Ultra Foods stores, sell 22 Strack & Van Til sites

Wed, 19 Apr 2017 15:08:00 PDT

Central Grocers, the Joliet-based parent company of Strack & Van Til and Ultra Foods grocery stores, is closing nine Ultra Foods stores, including some in the Chicago area, and intends to sell 22 Strack & Van Til stores in Illinois and Indiana, the company announced Tuesday.

The nine "underperforming"...

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Targeted by Obama, DeVry and other for-profit colleges rebounding under Trump

Thu, 20 Apr 2017 14:40:00 PDT

It may be too late for shuttered Corinthian Colleges, ITT Technical Institute or even Trump University, but Wall Street is betting the potential rollback of Obama-era initiatives to hold for-profit colleges accountable may lead to a resurgence of the beleaguered industry.

Rebounding from what some...

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Anger over passenger dragging has business flyers taking on United, airlines

Wed, 19 Apr 2017 14:25:38 PDT

An influential group of road warriors, better known as business travelers, is joining a push to stop the giant domestic air carriers from systemically mistreating and demeaning passengers — another consequence of United Airlines' recent customer service debacle.

Yes, even these hard-boiled and experienced...

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Sinclair said to be aiming to buy Tribune Media for high $30s a share

Wed, 19 Apr 2017 16:46:00 PDT

Sinclair Broadcast Group Inc. is aiming to acquire Tribune Media Co., owner of TV stations in big media markets including New York, Chicago and Miami, for a per-share price in the high $30s, according to people familiar with the matter.

Sinclair is working to finalize a deal on or before the same...

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As marijuana gains acceptance, law firms cultivate new pot-specific practices

Wed, 19 Apr 2017 08:02:00 PDT

Monica Gutierrez wants to be an intellectual property lawyer. But here she is, sitting in a law class on marijuana.

The gray area between state and federal law intrigues Gutierrez — she needs to learn how to help cannabis businesses get their names federally registered, she said — and she's not...

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Boeing gives $1 million to Trump inauguration committee, among many Illinois donors

Wed, 19 Apr 2017 18:17:26 PDT

The Boeing Co. and MacNeil Automotive Products Ltd. of Bolingbrook gave $1 million each to the record-breaking fundraising effort to pay for President Donald Trump's inauguration, putting them among scores of Illinois contributors.

The top individual donors from Illinois included Richard and Elizabeth...

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What we know about Trump's 'Buy American, Hire American' plan

Tue, 18 Apr 2017 15:11:00 PDT

President Donald Trump signed an executive order Tuesday that could restrict immigrant workers and foreign goods — though the steps outlined were modest and details were thin.

Here's what we know about Trump's "Buy American, Hire American" executive order, which he signed during an appearance in...

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Oreo parent Mondelez says one of its top executives is leaving

Tue, 18 Apr 2017 13:04:00 PDT

Mondelez International, the Deerfield-based global snack food company known for Oreo cookies and Ritz crackers, announced Tuesday the looming departure of the company's president of North American business.

Executive Vice President Roberto Marques will leave the company, to be replaced by Chief...

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McDonald's, fast-food chains find antibiotic-free beef, pork hard to deliver

Tue, 18 Apr 2017 08:10:00 PDT

Consumers are demanding more antibiotic-free meat. At McDonald's, so is a group of nuns.

The world's largest burger chain and its fast-food brethren have made commitments to remove antibiotics from chicken, but plans to curb the use of antibiotics in beef and pork have been far less common. It's...

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United Airlines CEO: No one will be fired in passenger-dragging incident

Tue, 18 Apr 2017 11:23:16 PDT

United Airlines will not fire employees involved in the recent dragging of a passenger from his seat, an incident CEO Oscar Munoz on Tuesday called "a system failure."

Executives of the Chicago-based airline sought to assure investors that United is working to learn from the recent uproar over viral...

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Chicago companies are hungry for buyout deals despite slow start

Tue, 18 Apr 2017 03:00:00 PDT

The pace of corporate mergers and acquisitions is expected to be brisk this year, but some Chicago-based marquee deals are slowing down the action.

A couple of significant area transactions are stuck in the muck, snagged by regulatory or marketplace complications. Among those in waiting: the Walgreens...

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What frustrates tax filers the most? The answer might surprise you.

Mon, 17 Apr 2017 13:47:00 PDT

Americans finishing off their tax returns are annoyed by the complexity of the task, but that's not their top gripe.

Corporations and wealthy people who don't pay their fair share in taxes are the largest source of frustration among filers, according to a recent poll.

About 80 percent said in a...

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What if you can't afford to pay your taxes? Applying for an extension is an option

Fri, 7 Apr 2017 15:39:00 PDT

Taxes are due April 18.

What should you do if you can't finish your tax return on time or if you don't have the money to pay your taxes now?

There is a common belief that you should be among the masses filing by the April deadline so you don't draw attention to yourself from the IRS and bring on...

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United revenues are up as airline grapples with fallout from dragged passenger, leggings incidents

Tue, 18 Apr 2017 05:49:00 PDT

United Continental's financial health showed strength on Monday even as the giant airline's brand suffered from a week-long battering following the release of a now-infamous video showing a passenger being dragged off an overbooked flight in Chicago.

United's stock was robust, spiking to $71.50...

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Starbucks eyes Roastery flagship on Mag Mile

Mon, 17 Apr 2017 04:45:00 PDT

Starbucks is ready to bring its sprawling Roastery store concept, which the company calls "coffee as theater," to Chicago's Magnificent Mile.

The coffee giant is negotiating a potential deal to move into the four-story, approximately 35,000-square-foot building that Crate & Barrel leases at North...

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United Airlines, Chicago agree to preserve evidence in dragged passenger incident

Mon, 17 Apr 2017 08:55:55 PDT

United Airlines and the city of Chicago have agreed to keep video and other records from a flight where a passenger who refused to give up his seat was dragged off the plane, the passenger's attorney said.

Attorneys for the passenger, David Dao, took the first step toward a lawsuit last week, asking...

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Silver Cross Hospital names new CEO

Mon, 17 Apr 2017 14:25:00 PDT

Silver Cross Hospital has announced a new CEO to replace the hospital's current leader, who is retiring after 27 years.

The New Lenox hospital's board of directors has named Ruth Colby as CEO, effective Oct. 1. She will also serve as president.

Colby is the hospital's chief strategy officer and...

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Borrowers must fight for themselves as student loan reforms are rolled back

Fri, 14 Apr 2017 14:32:00 PDT

Message to people wondering how they are ever going to handle all their student loans: Be tough. Pay up. Don't expect the federal government to play Mr. Nice Guy.

In a surprising twist after a presidential election in which young adults pleaded for relief from $1.3 trillion in student loans, the...

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United put bumping in the spotlight. But will the airlines stop doing it?

Sat, 15 Apr 2017 15:17:00 PDT

Viral videos of a passenger being dragged from a United Express flight last weekend were a reminder for travelers that buying a ticket doesn't mean you'll have a seat when the flight takes off.

Dr. David Dao's flight wasn't oversold in the typical sense, when airlines sell more tickets than they...

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Stakes are high for workers, businesses as Illinois considers minimum wage hike

Mon, 17 Apr 2017 05:31:00 PDT

Business was slow one brisk spring morning at the Dairy Queen in suburban Northbrook. Bernadette Simpson, manning the Blizzard machine, churned an ice cream treat and then made a show of holding it upside-down to demonstrate its gravity-defying thickness, as company policy requires her to do.

Simpson,...

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Shopping for a home? New data show it's slim pickings

Fri, 14 Apr 2017 11:09:00 PDT

Potential buyers out shopping for homes may be disappointed by the limited choices they're likely to find in pockets of the Chicago-area housing market this spring. But the home price appreciation they'll face is more modest than in other markets around the country.(image)



Feds subpoena Baxter employee over national shortage of IV solutions

Fri, 14 Apr 2017 13:18:00 PDT

The federal government has subpoenaed a Baxter International employee as part of a criminal investigation related to a nationwide shortage of intravenous saline solution, the Deerfield-based company revealed Friday.

The subpoena asks for documents about the pricing, sale, manufacture and shortage...

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Chicago vehicle charging infrastructure boosted by VW settlement

Fri, 14 Apr 2017 15:00:00 PDT

A surge in electric vehicle charging is coming to Chicago thanks to the record settlement in the Volkswagen diesel emissions cheating scandal.

Chicago ranks third (behind New York City and Washington, D.C.) in an 11-city pool that will split $1.2 billion of VW money over the next 10 years. The...

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Delta OKs offers of up to nearly $10k to flyers who give up seats

Fri, 14 Apr 2017 16:02:00 PDT

Delta is letting employees offer customers nearly $10,000 in compensation to give up seats on overbooked flights, hoping to avoid an uproar like the one that erupted at United after a passenger was dragged off a jet.

United is taking steps too. It will require employees seeking a seat on a plane...

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Crate & Barrel CEO Doug Diemoz out, but company won't say why

Fri, 14 Apr 2017 12:29:00 PDT

Crate & Barrel's CEO, who is at the center of a lawsuit from rival Restoration Hardware, is out after less than two years at the Northbrook-based retailer.

The company confirmed Friday that Doug Diemoz, who was recruited from Restoration Hardware to head Crate & Barrel in 2015, left earlier this...

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6 Chicago TV stations will change channels after broadcast frequencies sold for wireless use

Fri, 14 Apr 2017 09:18:00 PDT

Six Chicago-area TV stations, including Fox-owned WPWR-Ch. 50, NBC's Telemundo outlet WSNS-Ch. 44 and PBS affiliate WYCC-Ch. 20, will be changing channels after selling their over-the-air broadcast frequencies to wireless carriers.

The combined Chicago TV frequencies sold for about $758 million...

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Although in big trouble, United around for the long haul

Fri, 14 Apr 2017 06:24:00 PDT

Despite self-inflicting one of the deepest corporate wounds suffered by a U.S. company, United Airlines still has enough inherent business and marketplace strength to save itself from greater, longer-lasting damage.

Of course, that's provided the air carrier doesn't continue to foul up and can...

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Party bus crackdown cruises toward City Council vote

Thu, 13 Apr 2017 14:12:00 PDT

Mayor Rahm Emanuel's proposal to curb violence associated with unlicensed party buses in Chicago now is headed toward the City Council, though some operators believe the regulations would be more of a burden on companies already following the law.

Aldermen unanimously approved the proposed ordinance...

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ComEd customers could see $1 monthly increase in 2018

Thu, 13 Apr 2017 12:30:00 PDT

ComEd customers could see their monthly bills go up by about $1 next year.

If the Illinois Commerce Commission approves, the rate increase will take effect in January. It's expected to generate $96 million in additional revenue for the utility that year.

The annual rate-setting is part of the 2011...

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United passenger's experience was 'more horrifying and terrible' than fleeing Vietnam, his attorney says

Thu, 13 Apr 2017 16:10:00 PDT

The United Airlines passenger dragged from a plane Sunday will require reconstructive surgery and both United and the city of Chicago are responsible for Dr. David Dao's injuries, his attorney said Thursday.

Blaming an overly aggressive response by the city's Aviation Department officers and accusing...

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FDA warns Abbott on heart device battery woes, cybersecurity risks

Thu, 13 Apr 2017 15:37:04 PDT

The U.S. Food and Drug Administration has issued a warning letter to north suburban-based Abbott Laboratories related to battery and cybersecurity problems with heart devices made by a recently acquired company.

The Wednesday letter adds to Abbott's woes over devices. In recent weeks, Abbott's...

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Some United competitors taking jabs at airline, but ridicule is not without risk

Wed, 12 Apr 2017 14:29:00 PDT

United Airlines might want to start looking over its shoulder.

In the wake of the airline's public relations debacle over the treatment of a passenger, some rivals are coming for it. Others are trying to keep the skies friendly.

Dubai-based Emirates unabashedly piled on United on Tuesday with a...

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Illinois attorney general urges former Corinthian students to apply for loan discharge

Wed, 12 Apr 2017 13:40:00 PDT

More than 5,800 former Corinthian College students in Illinois can expect a letter this week from state Attorney General Lisa Madigan with a simple message: Don't forget to apply to the U.S. Department of Education for cancellation of federal student loans.

Madigan's office sent out the mass mailing...

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Next course for LondonHouse developers: Big restaurant deal

Wed, 12 Apr 2017 13:19:00 PDT

One year after selling the LondonHouse for $315 million, the hotel's developers are ready for dessert.

They're wrapping up a deal to bring a big seafood and steak restaurant to space that they still own in the Michigan Avenue building.

Upscale chain Ocean Prime is planning a 12,000-square-foot...

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2 more aviation officers involved in removing passenger from United plane put on leave: officials

Thu, 13 Apr 2017 05:30:00 PDT

The passenger dragged from his seat aboard a Sunday night flight at O'Hare International Airport took the first step toward potential legal action against United Airlines or the city on Wednesday.

David Dao, who has retained a high-powered personal injury lawyer, asked the Cook County Circuit Court...

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Billy Goat's famous 'Cheezborgers' coming to Jewel-Osco stores

Wed, 12 Apr 2017 15:49:00 PDT

The famous "Cheezborgers" sold by Billy Goat Tavern, a Chicago institution, will soon be available at Jewel-Osco stores.

The frozen beef patties — which despite the nickname will not come with cheese — will be offered at a majority of Jewel's 186 locations starting later this month, spokeswoman...

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As Goose Island expands globally, it tries to retain its connections to craft beer community

Fri, 14 Apr 2017 08:06:00 PDT

Goose Island Beer Co. President Ken Stout knows a little something about competition. The youngest of 15 children growing up in the Beverly neighborhood on Chicago's South Side, he was also a tenacious walk-on for DePaul University's basketball team in the 1980s.

So, no, he doesn't feel bad for...

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6 other PR nightmares: United fiasco among worst corporate gaffes

Wed, 12 Apr 2017 11:31:00 PDT

When it comes to bad public relations, it's pretty tough to top the sight of a United Airlines passenger being dragged, bloodied and screaming, from a flight.

The incident, including two attempts at apology by Chief Executive Officer Oscar Munoz, has been airing on cable TV and raging on social...

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United faces more questions as dragged passenger hires high-powered attorney

Wed, 12 Apr 2017 05:45:00 PDT

United Airlines' initial attempt Monday to quell mounting outrage over viral videos of a passenger being dragged from his seat added fuel to the backlash against the airline. So on Tuesday, CEO Oscar Munoz called the event "truly horrific" in a second apology.

But while United was crafting another...

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For United CEO Munoz, crisis time clock is ticking

Tue, 11 Apr 2017 15:25:00 PDT

As if being mercilessly pilloried on social media and by talk show host Jimmy Kimmel wasn't enough, now legislators are lining up against United Airlines.

CEO Oscar Munoz, despite making a belated public apology Tuesday, should buckle up for more turbulence, including possible political, regulatory...

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United Airlines' brand takes a beating after bumped passenger dragged off plane

Tue, 11 Apr 2017 04:57:00 PDT

A 30-second video of a United Airlines passenger being dragged from his seat and bloodied on an overbooked Sunday flight at O'Hare International Airport racked up more than 6 million views Monday and sparked plenty of outrage.

For United, the video threatened to unravel more than a year of work...

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United passenger threatened with handcuffs to make room for 'higher-priority' traveler

Tue, 11 Apr 2017 13:50:00 PDT

It’s hard to find examples of worse decision-making and customer treatment than United Airlines having a passenger dragged from an overbooked plane. But United’s shabby treatment of Geoff Fearns, including a threat to place him in handcuffs, comes close.

Fearns, 59, is president of TriPacific Capital...

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Emanuel says airport officials doing 'thorough investigation' of United passenger removal

Tue, 11 Apr 2017 18:55:00 PDT

As the fallout from the violent removal of a passenger from a flight at O'Hare International Airport continued to ripple around the world Tuesday, Mayor Rahm Emanuel moved to contain the damage locally by pledging his aviation commissioner is working with United Airlines to avoid a repeat of the...

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The FCC is reversing its proposal to allow cellphone use on planes

Mon, 10 Apr 2017 13:40:00 PDT

Federal regulators are withdrawing a proposal that would have allowed air travelers to use their cellphones at high altitude, rather than relying on in-flight WiFi services.

The proposal — introduced in 2013 by then-chairman of the Federal Communications Commission, Tom Wheeler — sought to roll...

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Gas prices rise in Chicago, fueled by refinery issues

Tue, 11 Apr 2017 09:53:00 PDT

Gas prices cruised to a 19-month high across the U.S. last week as refineries began switching to more expensive summer-blend gasoline, with maintenance issues at two refineries accelerating the increase in Illinois, according to AAA.

The national average price for a gallon of regular unleaded gasoline...

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Oreo-maker Mondelez hires search firm, may replace CEO

Mon, 10 Apr 2017 14:18:00 PDT

Mondelez International, known for brands like Oreo cookies and Cadbury chocolate, is in the early stages of identifying a possible replacement for CEO Irene Rosenfeld, according to a source familiar with the process.

Mondelez hired Chicago-based recruiting firm Heidrick & Struggles to assist with...

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Flight or fight? United's ouster of stubborn passenger a colossal mistake

Mon, 10 Apr 2017 13:27:00 PDT

United Airlines, which once encouraged us to fly its "friendly skies," is now in danger of becoming the air carrier that says: "Do what we say or we'll beat you up."

Talk about your unusual corporate message.

Nevertheless, that's a signal United is sending to the world in the aftermath of a huge...

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Lake Forest drugmaker Akorn confirms it's in takeover talks with German pharma giant

Wed, 12 Apr 2017 11:28:48 PDT

Shares of Lake Forest-headquartered Akorn Pharmaceuticals closed up more than 9 percent Monday, following news Friday that a German health care company is considering buying the generic drugmaker.

Both Akorn and Fresenius Kabi confirmed a Friday Bloomberg report that they are in discussions over...

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Cubs' flagship Wrigleyville store might be a destination on its own

Mon, 10 Apr 2017 08:22:00 PDT

In the 24 hours after the Chicago Cubs' nail-biting, drought-ending 2016 World Series victory, euphoric fans dropped an eye-popping $75 million on team gear.

Cash registers are no longer ringing quite so briskly, but fans still can't get enough of the team, said Colin Faulkner, the team's senior...

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Movie theater, climbing wall, hotel, 443 more apartments planned for Arlington Downs

Mon, 10 Apr 2017 14:20:00 PDT

A $200 million real estate development along the edge of Arlington International Racecourse is heading into the final stretch, with plans to build an entertainment complex, hotel, restaurants and hundreds of new apartments around a former hotel and water park.

Springbank Real Estate Group is finalizing...

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Applying to work at McDonald's is a 'Snap,' at least in Australia

Mon, 10 Apr 2017 05:18:00 PDT

For McDonald's job seekers in Australia, the first round of interviews soon will include a bit of social media magic: a 10-second audition and a disappearing act.

McDonald's Down Under has partnered with Snapchat to let potential employees make a 10-second video submission with a special filter...

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Why millennials are finally starting to settle down and buy homes

Fri, 7 Apr 2017 14:07:33 PDT

Millennials are finally starting to show interest in homeownership.

Weighed down by massive student debt and job struggles, the generation brutalized by the Great Recession has lacked both the money and the desire to buy homes. They've been a generation of renters.

But as millennials have entered...

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Large fries? Extra sauce? Why McDonald's wants to track all your dining habits.

Mon, 10 Apr 2017 10:48:55 PDT

You know a lot about McDonald's, but McDonald's doesn't know much about you.

At least not yet.

By year's end, the world's largest burger chain will roll out nationwide a mobile ordering system that will collect a wealth of data about the habits of customers — everything from what kind of burgers...

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Aurora's white elephant factory is also Caterpillar's problem

Fri, 7 Apr 2017 09:58:00 PDT

With the recent decision to shutter its sprawling manufacturing plant near the city of Aurora, Caterpillar is foisting a huge economic development challenge onto a region that has long depended on the factory to provide jobs and vital commerce.

By the end of 2018, Cat will shuffle production from...

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Trump sends sickening message to workplace sexual harassment victims

Fri, 7 Apr 2017 08:16:00 PDT

Thanks to the president of the United States, we have now seen the structural support system that allows workplace sexual harassment to persist, writ large.

And it is sickening.

Responding this week to a New York Times report that Fox News and host Bill O'Reilly have settled five cases with women...

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Cost of substance abuse hits employers hard, new tool shows

Thu, 6 Apr 2017 15:46:00 PDT

As headlines scream about the ravages of the nation's growing opioid epidemic, employers are waking up to the notion that substance abuse may be wreaking havoc in a nearby cubicle — and a new tool aims to help them see just how costly that can be.

The Substance Use Cost Calculator lets employers...

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For Family Video, renting movies is the past, present and definitely part of the future

Thu, 6 Apr 2017 06:10:00 PDT

At a time when Amazon, Apple and Comcast rule the movie rental business, Keith Hoogland is quick to point out that renting videos the old-fashioned way — at an actual video store — is not out of style.

But Hoogland, president of Family Video parent Highland Ventures, also admits he knows that the...

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Tronc shareholder Soon-Shiong discussed purchase of LA Times

Thu, 6 Apr 2017 15:36:00 PDT

The second-largest shareholder of Tronc in December discussed buying the Los Angeles Times, separating it from the parent company that also owns the Chicago Tribune and seven other major newspapers, the company said Thursday.

But whether it was shareholder Dr. Patrick Soon-Shiong or Tronc Chairman...

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Luxury towers planned after Holy Name Cathedral parking lot sold for $115 million

Wed, 5 Apr 2017 15:08:00 PDT

A luxury condominium and apartment developer plans to build as many as four residential towers across the street from Holy Name Cathedral, after striking a $115 million deal to buy a huge parking lot from the Archdiocese of Chicago.

Jim Letchinger, president of Chicago-based JDL Development, said...

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Accounting cops have tough task of cracking down on corporate fraud

Thu, 6 Apr 2017 05:48:00 PDT

When it comes to policing corporate fraud, independent auditors are supposed to be the cops on the beat, but too often they miss or overlook important clues that signal big trouble is brewing.

That's among the conclusions of a recent research paper by accounting and business experts from the University...

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CEO of Corona parent says 'Trump factor' is diminishing as rhetoric hits wall

Thu, 6 Apr 2017 15:07:01 PDT

Latinos who were drinking less beer amid heightened political tension after the presidential election are feeling comfortable once again and spending their dollars on an ice-cold Modelo or two.

"I would say the Trump factor has diminished somewhat and consumer confidence among Hispanics has increased...

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Feeling stressed? These businesses are thriving on your emotional strain

Thu, 6 Apr 2017 07:33:00 PDT

When weeks had passed and her anger about the presidential election still hadn’t subsided, Jill Weiss figured she had two options: She could keep replacing broken home furniture or she could find a therapeutic way to put a whupping on something.

Now, the 63-year-old, 90-pound 5-footer dons her...

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Morning Spin: City treasurer cancels news conference to 'continue discussions' with 2 banks

Thu, 6 Apr 2017 03:00:00 PDT

Welcome to Clout Street: Morning Spin, our weekday feature to catch you up with what's going on in government and politics from Chicago to Springfield. Subscribe here. Topspin City Treasurer Kurt Summers, who has been floating his name lately as a potential Democratic candidate for governor, canceled a... [...]



Pepsi pulls this controversial Kendall Jenner ad after widespread backlash

Wed, 5 Apr 2017 13:19:00 PDT

Perhaps having celebrity model and reality TV star Kendall Jenner re-enact a seminal moment in the Black Lives Matter protest movement to sell Pepsi wasn't such a good idea after all.

After initially defending its online video featuring Jenner and a can of soda as peacemakers in a street standoff...

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Woman sues Uber after fellow passenger allegedly stabbed her during shared ride

Wed, 5 Apr 2017 14:00:00 PDT

A Chicago woman is suing Uber and another passenger after she allegedly was stabbed in the face in an UberPool vehicle, highlighting the ongoing safety debate surrounding the ride-sharing platform.

Jennifer Camacho, 25, was out with friends one night in January and called an UberPool for a ride...

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Payless ShoeSource closing 13 Illinois stores after bankruptcy filing

Fri, 7 Apr 2017 08:05:34 PDT

Discount shoe retailer Payless ShoeSource plans to close 13 Illinois stores — part of the nearly 400 locations it's shutting down nationwide — after filing for bankruptcy protection Tuesday.

Payless stores in Chicago's West Elsdon, Belmont Central, South Chicago and Scottsdale neighborhoods were...

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3 key McDonald's execs leave company in management shake-up

Wed, 5 Apr 2017 14:29:41 PDT

Three executives who were key figures in McDonald's now 2-year-old effort to transform itself are being replaced, a sign that the world's largest burger chain is growing impatient with the speed of its menu and technological innovations.

Deborah Wahl, chief marketing officer; Lance Richards, vice...

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