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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, 22 Mar 2018 01:50:14 -0500

Copyright: ©2018 Chicago Tribune

Apple's new Michigan Avenue store is for sale, and could fetch $170 million or more

Wed, 21 Mar 2018 05:20:00 PDT

Apple’s new Michigan Avenue flagship store is going up for sale and could fetch at least $170 million.

Chicago-based Walton Street Capital has hired brokers to put the 20,000-square-foot store on the market for sale, and is expecting offers in the range of $170 million to $175 million, according...


Wicker Park, Bucktown businesses to use employees to patrol streets

Wed, 21 Mar 2018 05:25:00 PDT

Businesses in the Wicker Park and Bucktown neighborhoods are forgoing the idea of hiring private security officers and instead will rely on their own employees to act as unarmed “ambassadors” patrolling neighborhood streets.

The program, to be administered by the Wicker Park Bucktown Chamber of...


Why the British soda tax might work better than any of the soda taxes that came before

Wed, 21 Mar 2018 11:25:00 PDT

The great British soda tax doesn't begin for two more weeks, but some experts are already calling it a success.

That's because the graduated levy, which goes into effect April 6, has prompted some of the country's largest soda-makers to slash the sugar in their beverages.

Coca-Cola has changed...


Where Toys R Us stores are closing

Tue, 20 Mar 2018 11:51:00 PDT

The 31 stores and one distribution center in Illinois that will likely be liquidated as part of the Toys R Us bankruptcy will leave 1.9 million square feet vacant. Most of those locations, 22, are in the Chicago area. Of the 31 stores, 11 are Toys R Us stores, five are Babies R Us stores, 13 are...(image)

A new era: What the Federal Reserve's interest rate hike means for you

Wed, 21 Mar 2018 06:21:00 PDT

The U.S. Federal Reserve is almost certain to hike interest rates Wednesday to the highest level in a decade: 1.5 to 1.75 percent. For retirees like Martin Nicholes III of Ashville, North Carolina, the bigger rates can't come fast enough.

"The low interest rates are killing my retirement," Nicholes...


Breaking up with Facebook? It's harder than it looks

Wed, 21 Mar 2018 07:10:00 PDT

Facebook's latest privacy scandal, involving Trump campaign consultants who allegedly stole data on tens of millions of users in order to influence elections, has some people reconsidering their relationship status with the social network.

There's just one problem: There isn't much of anywhere...


University of Chicago's Booth school tops U.S. News list of best MBA programs for first time

Tue, 20 Mar 2018 11:10:00 PDT

The University of Chicago's Booth School of Business has tied for first place in U.S. News & World Report’s annual ranking of the country’s best full-time master's degree programs in business administration.

It’s the first time Booth has topped the list, U.S. News said.

The Booth School, which...


United suspends new bookings for pets in cargo after loading 3 dogs onto wrong flights

Tue, 20 Mar 2018 15:05:00 PDT

United Airlines is suspending new reservations for pets traveling in the cargo compartment after three dogs were loaded onto the wrong planes last week and a fourth died in an overhead bin.

United will honor reservations that have already been confirmed for PetSafe, its program for pets traveling...


As Amazon visits Chicago, city keeps an eye on public image

Mon, 19 Mar 2018 09:15:00 PDT

Amazon is heading to Chicago this week to scout potential sites for its second headquarters, renewing speculation about the city’s odds of landing the $5 billion project that could eventually bring 50,000 high-paying jobs.

Among those keeping a close eye on the public handicapping of the city’s...


Kitchfix founder tries to find best path forward for growing grain-free food business

Mon, 19 Mar 2018 04:00:00 PDT

Josh Katt, founder and executive chef of Kitchfix, reflects on what worries him and what fuels his creativity.


Media Files:,standalone.html

Michael Ferro steps down as Tronc chairman hours before sexual misconduct allegations published

Tue, 20 Mar 2018 04:51:00 PDT

Michael Ferro stepped down from the board of Tronc on Monday, hours before Fortune published a story online accusing him of inappropriate sexual behavior toward two women while in his previous role as head of a Chicago investment firm.

Ferro had been chairman of Tronc’s board since February 2016,...


As Illinois lawmakers pursue bump stock ban, Northbrook online retailer can't keep enough in stock

Fri, 16 Mar 2018 17:10:00 PDT

While efforts to ban bump stocks are gaining momentum in Illinois and other states, an online retailer based in Chicago’s northern suburbs is doing brisk business selling the devices that allow semi-automatic rifles to emulate the rapid fire of machine guns.

OpticsPlanet, an 18-year-old company...


A business took your money. Then it shut down without warning. Now what?

Fri, 16 Mar 2018 08:40:00 PDT

Consider this frustrating scenario: A business closes abruptly. You paid in advance for its services, but you haven’t been able to reach the company to ask for a refund.

It’s a familiar experience for some Chicago residents. Two local businesses — Logan Square Fitness and Language Stars, which...


A world without Toys R Us: Chicago-area toy stores and toymakers could be hit by ripple effect

Fri, 16 Mar 2018 10:30:00 PDT

For a retailer that is preparing to shutter all its U.S. stores, Toys R Us still has a lot of fans.

There are plenty of places consumers can shop for toys — that’s part of the Wayne, N.J.-based chain’s problem. But none of its mass-market competitors generate the same nostalgia for a toy emporium...


Behind-the-scenes debate grows over plan for riverside aerial tram to Navy Pier

Fri, 16 Mar 2018 03:52:00 PDT

With the character of the Chicago Riverwalk and millions of dollars in tourist revenue at stake, a behind-the-scenes battle has broken out over an ambitious plan to construct an aerial tram that would link two of downtown’s most popular attractions, Navy Pier and the Riverwalk.

In recent weeks,...


Private equity firm takes majority stake in True Value hardware co-op

Thu, 15 Mar 2018 13:35:00 PDT

A Washington, D.C.-based private equity firm has agreed to take a majority stake in Chicago-based True Value Co. that would shift the hardware retailer away from its cooperative roots.

The agreement would give Acon Investments a 70 percent stake in a new True Value operating company, with the remaining...


Latest plans for Lincoln Yards development on North Side include dog park, sledding hill

Thu, 15 Mar 2018 11:45:00 PDT

Sterling Bay is unveiling a more detailed look at its planned Lincoln Yards project on the North Side, where it plans to invest up to $10 billion redeveloping more than 70 acres of former industrial land along the Chicago River.

The Chicago developer’s plan includes a connection to The 606 elevated...


United takes heat over puppy's tragic overhead bin death. But flyers' love for pets puts airlines in tough spot.

Wed, 14 Mar 2018 14:25:00 PDT

Pets on planes are significantly outnumbered by human passengers. But for airlines, dealing with passengers’ four-legged traveling companions can be fraught with problems.

Within the past year, Chicago-based United Airlines has found itself in the spotlight when a giant rabbit named Simon died...


Group envisions 24-acre riverfront park as North Side prepares for flood of towers

Thu, 15 Mar 2018 07:08:00 PDT

An anticipated burst of real estate development along the Chicago River also will include a 24-acre public park, if a coalition including two North Side aldermen gets its way.

The group, called the North Branch Park Preserve, is pushing to have Mayor Rahm Emanuel back its effort to create the park...


$2 billion Riverline mega-development divides into separate residential projects

Wed, 14 Mar 2018 05:05:00 PDT

Less than two years after breaking ground on one of Chicago’s most ambitious residential developments, Riverline’s owners have split the $2 billion plan into two projects along the Chicago River.

Riverline’s developers said the eight-tower South Loop mega-development is now two separately controlled...


MB Financial Bank sued for allegedly charging woman $6,000 in 'predatory' overdraft fees

Tue, 13 Mar 2018 14:30:00 PDT

A Chicago-area customer is suing MB Financial Bank for allegedly charging her $6,000 in “predatory” overdraft fees since 2015.

The lawsuit, filed Monday in federal court in Chicago, seeks class-action status over what it claims is MB Financial’s “crushing and punitive” overdraft fee policies for...


Dog owner says United disregarded her pet’s barks for help before it died in overhead bin

Wed, 14 Mar 2018 14:19:00 PDT

A mother of two was forced to watch her French bulldog get stuffed into the overhead compartment of a United Airlines flight, begging a flight attendant not to put the animal up there.

Catalina Robledo helplessly listened to the dog, Kokito, yelp before it died aboard the Houston-to-New York flight...


Luxuries in Chicago office buildings: There's an app for that

Mon, 12 Mar 2018 13:15:00 PDT

For many Chicago workers, a day at the office may soon feel more like a night at the Ritz.

Two of the largest office landlords in Chicago, Tishman Speyer and Sterling Bay, are set to unveil concierge-type amenities packages at their properties, accessible by smartphone apps.

Their plans are part...


After the breakup: US Foods CEO Pietro Satriano on how the company has moved on from failed Sysco merger

Mon, 12 Mar 2018 14:05:00 PDT

Just a few years ago, Rosemont-based US Foods wouldn’t have sold brisket that had been braised and smoked for 13 hours to its restaurant customers. It would have sold them slabs of raw brisket.

Likewise, in the not-so-distant-past, the second-largest food service distributor in the country wasn’t...


Carson's job cuts, plant closures in Illinois lead to more than 1,000 planned layoffs

Tue, 13 Mar 2018 04:50:00 PDT

Store and plant closures drove Illinois employers to announce more than 1,000 planned layoffs in February, according to a monthly report released Monday by the Illinois Department of Commerce and Economic Opportunity.

Carson’s and Bergner’s will lay off a total of 330 employees in Illinois as they...


Lettuce Entertain You bringing four-level restaurant space to riverfront

Mon, 12 Mar 2018 09:00:00 PDT

Lettuce Entertain You Enterprises is expanding its food empire into a huge, four-level space along the Chicago River that will be one of the largest projects in its 47 years.

The space will include two restaurants and a private events space.

The 35,000-square-foot space is part of a $50 million...


Eat Purely, boosted by demand for healthy food delivery, eyes expansion

Mon, 12 Mar 2018 05:19:00 PDT

Eat Purely CEO and co-founder Jeremiah Green discusses the meal delivery service’s future plans and new kitchen space in Chicago.


Media Files:,standalone.html

Illinois job growth hit new high last summer, revised data show

Mon, 12 Mar 2018 11:20:00 PDT

It turns out Illinois’ job growth has not been so sluggish after all.

Revisions to state employment data show that Illinois payrolls hit 6.07 million jobs last June, surpassing their prior peak in September 2000 and achieving a long-awaited milestone, the state’s Department of Employment Security...


'The Loop' is gone, stations are bankrupt and Chicago radio is struggling to stay relevant in the digital age

Fri, 9 Mar 2018 14:20:00 PST

Chicagoans who have their clock radios set to WLUP-FM 97.9 may be in for a rude awakening Saturday as songs like AC/DC’s “Highway to Hell” give way to “Jesus I Believe” by Big Daddy Weave, the top song this week on K-LOVE, the station’s new Christian pop format.

Welcome to the Chicago airwaves,...


For workers at bakery targeted in immigration raid, hope and uncertainty after Hostess acquisition

Sun, 11 Mar 2018 04:05:00 PDT

Hostess Brands has begun the work of turning around the troubled, money-losing Cloverhill bakery on Chicago’s Northwest Side, but it’s unclear exactly what that will mean for its hundreds of workers.

The plan, according to Hostess executives, is to improve operations at the bakery, making it more...


An Illinois town celebrates as Trump's tariffs prompt U.S. Steel to bring jobs back

Thu, 8 Mar 2018 15:55:00 PST

There’s hope coming back to Granite City.

The small Illinois steel town outside St. Louis felt the bedrock shift in 2015 when one of its biggest and best-paying employers, U.S. Steel, said it would idle its Granite City plant and cut 2,000 jobs. On Wednesday, the company said it will restart one...


Bitcoin 101: Cryptocurrency classes are cropping up at area colleges

Thu, 8 Mar 2018 15:20:00 PST

At DePaul University, cryptocurrency has become a fundamental part of some finance courses.

Until recently, bitcoin came up only at the end of assistant professor Lamont Black’s undergraduate and graduate finance classes. It was the last day of class, “the fun day,” Black said, when they discussed...


Tax incentives are good for Amazon. What about the local economy?

Thu, 8 Mar 2018 11:20:00 PST

Amazon’s most visible presence in Illinois in 2015 was the stream of brown boxes it shipped to customers’ doorsteps.

Three years later, the company has 10,000 full-time Illinois employees, a corporate office and bookstore in Chicago, and 17 distribution facilities across the state, including nine...


Presence Health CEO resigns a week after Amita merger

Thu, 8 Mar 2018 13:30:00 PST

Michael Englehart announced he is stepping down as president and CEO of Presence Health a week after the Catholic health system became part of Amita Health.

Englehart, who took the helm of Presence in October 2015, said in a memo to staff that he has “decided to take some time off before pursuing...


United strengthens Special Olympics partnership; CEO says airline will try again on employee bonus plan

Thu, 8 Mar 2018 08:20:00 PST

United Airlines was “trying to spice up the process a little bit” when it announced a new, lottery-style system for awarding employee bonuses, CEO Oscar Munoz said — a move the airline quickly walked back this week after facing workers’ ire.

The changes would have handed out larger prizes, including...


FDA approves world's smallest mechanical heart valve, made by Abbott, for use in infants and toddlers

Thu, 8 Mar 2018 07:35:00 PST

The Food and Drug Administration has approved the world’s smallest mechanical heart valve, the first designed to fit newborns' and infants’ tiny bodies.

The valve, which is the size of a dime, allows doctors to treat babies in need of a mitral or aortic valve replacement, according to Abbott Laboratories,...


Ravinia Brewing's Highland Park brewpub on hold after Ravinia Festival demands royalties

Wed, 7 Mar 2018 13:50:00 PST

A burgeoning brewery in Highland Park has halted construction on a planned brewpub after Ravinia Festival demanded royalties from its beer sales.

The well-known outdoor concert venue sent a licensing agreement to Ravinia Brewing Co. in mid-February, said Brett Tolpin, an intellectual property attorney...


Tronc's $500 million sale of LA Times on fast track after federal regulators sign off on deal

Wed, 7 Mar 2018 16:20:00 PST

Tronc's proposed $500 million sale of the Los Angeles Times, San Diego Union-Tribune and other California assets to Los Angeles biotech billionaire Patrick Soon-Shiong is on a fast track to closing after getting early approval from federal regulators.

The closing, originally projected for early...


What's next for RXBar after Kellogg acquisition: nut butter spread, new headquarters

Wed, 7 Mar 2018 07:00:00 PST

RXBar is launching a nut butter spread this spring, the Chicago-based company’s first foray into other categories since being acquired by Kellogg Co. for $600 million in early November.

RXBar’s founders believe it’s just the beginning of extending the brand well beyond protein bars. Now backed...


Processed-food stalwart Kraft Heinz creates unit to go after health-conscious consumers

Wed, 7 Mar 2018 13:50:00 PST

The maker of the top-selling processed cheese slice is creating a business unit to fund and foster food brands for the protein bar and greek yogurt set.

Kraft Heinz — which makes brands including Oscar Mayer, Velveeta and Jell-O in addition to its namesake macaroni and cheese and ketchup — hopes...


Proposed development along 606 trail highlights tension over rising rents and home prices

Wed, 7 Mar 2018 07:56:00 PST

Juan Carlos Linares doesn’t like to use the term “gentrification.”

It’s loaded, he said, with both positive and negative implications of what happens when an influx of affluent residents moves into new or rehabbed homes, pushing out less-wealthy residents.

Linares, the executive director of Latin...


AT&T adding 500 jobs for new Chicago call center

Tue, 6 Mar 2018 21:00:00 PST

AT&T is creating hundreds of new jobs at a newly renovated call center on Chicago’s Northwest Side.

The Dallas-based telecommunications giant announced Tuesday that it has added 300 workers since the fall, with plans to hire 200 more to staff up the customer service operation. AT&T has put out...


Chicago rock station WLUP to switch formats to Christian music Saturday under new owners

Tue, 6 Mar 2018 14:40:00 PST

Shock jock Erich Muller signed off from the “Mancow Morning Show” on WLUP-FM 97.9 for the final time Tuesday following the announcement that the station is being sold to Christian broadcaster Educational Media Foundation for $21.5 million.

It was the last live shift for the on-air personalities...


Illinois emergency rooms see 66 percent spike in opioid overdose visits: report

Tue, 6 Mar 2018 14:55:00 PST

Illinois emergency rooms experienced a 66 percent jump in opioid overdose visits last year, according to a new report that suggests the epidemic of heroin and prescription painkiller abuse continues to worsen in some states.

The federal Centers for Disease Control and Prevention released state...


Citadel's Ken Griffin is still Illinois' richest person — and he's getting richer

Tue, 6 Mar 2018 09:15:00 PST

Ken Griffin must be getting comfortable on top.

Forbes released its 32nd Annual World Billionaires List on Tuesday, and although Griffin is No. 172 on the list, he places higher than any other Illinoisan.

Griffin founded and runs Chicago-based hedge fund Citadel, which manages more than $27 billion...


McDonald's to roll out fresh beef burgers nationwide this spring

Tue, 6 Mar 2018 02:00:00 PST

McDonald’s plans to introduce fresh beef burgers in all U.S. restaurants by early May, the fast-food chain’s latest move aimed at drawing customers, boosting sales and propelling the business into the future.

Quarter Pounders and Signature Crafted burgers will be made with patties that are cooked...


United walks back new bonus lottery system that angered employees

Mon, 5 Mar 2018 12:35:00 PST

United Airlines on Monday reversed plans to begin awarding employee bonuses through a lottery system that angered workers.

Scott Kirby, president of the Chicago-based airline, said United was “pressing the pause button” on changes that would have handed out much larger bonuses — including vacations...


Boeing is getting ready to sell flying taxis in the next decade

Mon, 5 Mar 2018 08:52:00 PST

The dream of flying cars has been around longer than Boeing Co. has been making airplanes. Now a vision from the pages of Jules Verne is near enough to occupy the present-day plans of Boeing's leadership.

"I think it will happen faster than any of us understand," CEO Dennis Muilenburg said in an...


He lost his brother to gangs. Now the Pilsen native leads one of Chicago's busiest trauma centers.

Mon, 5 Mar 2018 06:45:00 PST

Dr. Jaime Moreno, the new medical director at Mount Sinai Hospital, lost his brother to gangs. The loss informs his work in the emergency room at one of the city's busiest trauma centers.


Media Files:,standalone.html

American Airlines’ late opposition unlikely to halt O'Hare expansion plan

Fri, 2 Mar 2018 13:05:00 PST

Brian Bourke has spent a lot of time at O’Hare International Airport while racking up more than 100,000 miles of travel a year, mostly on business trips for an Itasca-based logistics company.

His reaction upon hearing the city of Chicago’s plans for the biggest expansion in the airport’s 73-year...


A mom watched her daughter, 24, die from alcoholism. Now, hospitals are rethinking liver transplants for these patients

Sat, 3 Mar 2018 15:02:00 PST

Since losing her daughter five years ago, Terri Oesterle has been speaking out about the challenges she endured. She speaks about her daughter’s alcohol addiction, the bullying she experienced, and the stigma around mental health. Lately, she’s also been speaking about liver transplants.



Businesses spurn the NRA, but gun group doesn't much care

Fri, 2 Mar 2018 17:18:00 PST

The National Rifle Association is, like AAA or AARP, a bundle of bargains, a smorgasbord of savings on insurance policies, motel rooms, bottles of wine and prescription drugs. But unlike the nation's other interest groups that boast millions of members, the NRA also unabashedly embraces controversy,...


Workplace monitoring gets personal, and employees fear it's too close for comfort. They're right.

Fri, 2 Mar 2018 03:00:00 PST

As you work, Big Business is watching.

Companies are increasingly tapping into new technology designed to keep a close eye on employees. This monitoring goes beyond traditional security cameras to include portable devices worn by workers.

As the Tribune has reported, Amazon recently won patents...


Iconic Wrigley Building expected to go up for sale, could fetch more than $200 million

Thu, 1 Mar 2018 14:20:00 PST

The Wrigley Building is expected to go up for sale, in a deal that could fetch more than $200 million for one of Chicago’s most iconic buildings.

The ownership group, led by majority investor BDT Capital Partners, has interviewed investment sales brokers as it considers putting the two-tower structure...


Sinclair deal to sell WGN to chairman's business partner gives broadcaster control

Thu, 1 Mar 2018 15:20:00 PST

Sinclair Broadcast Group is selling WGN-TV to a Maryland auto dealer but would remain in control of the station in what critics say is a bid to skirt ownership limits and win federal regulatory approval for its proposed $3.9 billion acquisition of Tribune Media.

That means “Terrorism Alert Desk”...


Beer drinkers and car buyers among losers from Trump's tariffs on imported steel and aluminum

Thu, 1 Mar 2018 22:24:00 PST

President Donald Trump announced Thursday that next week he will sign off on a 25 percent tariff for imported steel and 10 percent tariff for foreign aluminum. The decision was met with objections from manufacturers in numerous industries and many fellow Republicans.

Here’s a look at some of the...


$184 million loan on Kushner-owned Loop office tower faces scrutiny

Fri, 2 Mar 2018 12:30:00 PST

Jared Kushner’s real estate firm is facing scrutiny over the recent $184 million refinancing of its Loop office tower by a private equity fund after its founder met with Kushner at the White House.

Kushner Cos., owned by the family of President Donald Trump’s senior adviser and son-in-law, on Nov....


WeatherTech's founder lost three dogs to cancer. He says his new pet bowls are safe enough for a human.

Thu, 1 Mar 2018 11:00:00 PST

WeatherTech founder David MacNeil, who built an unlikely car floor mat manufacturing empire in suburban Bolingbrook, is launching his latest pet project this week: ergonomic dog and cat bowls.

Billed as a “revolutionary pet feeding system,” PetComfort features an elevated plastic stand and mat,...


Armed private guards will patrol State Street to aid security downtown

Thu, 1 Mar 2018 07:05:00 PST

The Chicago Loop Alliance has hired two armed security guards who will begin patrolling State Street on Thursday with the goal of supplementing police presence, curbing shoplifting and dealing with panhandlers.

The Chicago Loop Alliance, the main advocate for the downtown business district, contracted...


Sinclair's WGN fig leaf could seal its controversial Tribune Media pact. That's too bad.

Thu, 1 Mar 2018 04:00:00 PST

Sinclair Broadcast Group might title the next chapter in its quest to acquire Tribune Media something like: “The Fig Leaf, or How We Gave Regulators Just Enough Cover to Approve Our Deal.”

Sinclair says it’s willing to sell Tribune’s WGN-TV, and a couple of other major stations, in return for the...


Berghoff to add microbrewery to iconic Loop restaurant

Wed, 28 Feb 2018 09:45:00 PST

The Berghoff, one of Chicago’s oldest restaurants, is planning to once again brew its own beer — a move that harks back to the restaurant’s almost 120-year-old roots while trying to drive the business into the future.

Come late summer, the Berghoff plans to introduce its new 10-barrel brewing system,...


Macy's eyes sale of Medinah Temple, moving out Bloomingdale's home store

Tue, 27 Feb 2018 14:25:00 PST

After confirming plans to sell half of its State Street flagship store, Macy’s is looking to cash in on another historic property in Chicago: the Medinah Temple in River North.

The retailer has hired CBRE brokers to evaluate whether to sell and move out of the landmark building at 600 N. Wabash...


Emanuel vows to push ahead on $8.5B O'Hare expansion as American Airlines decries 'secret deal'

Thu, 1 Mar 2018 04:40:00 PST

For more than a year, negotiations over Mayor Rahm Emanuel’s major $8.5 billion expansion of O’Hare International Airport were heating up behind the scenes, and on Wednesday they boiled over into full public view as airline executives and city officials accused each other of not telling the truth...


Macy’s to sell top floors of State Street store for $30 million; Walnut Room to remain

Tue, 27 Feb 2018 13:10:00 PST

Macy’s said Tuesday it will sell the top half of its State Street flagship store for $30 million, and the buyer plans to convert the space into offices.

The announcement confirms a Tribune report in October that Macy’s had struck a preliminary deal to sell floors 8 through 14 to Toronto-based Brookfield...


Standing desks could be harmful to your productivity — and your health — study finds

Tue, 27 Feb 2018 06:55:00 PST

Thinking of getting standing desks for your employees. . .or even for yourself? You might want to think again.

Research has shown that sitting at a desk for too long can lead to long-term health problems. Which is why, over the past few years, standing desks-which can easily cost hundreds of dollars-have...


Why more companies should hop on the anti-NRA bandwagon

Tue, 27 Feb 2018 12:15:00 PST

Business has the National Rifle Association on the run and that’s OK.

In the aftermath of the horrific Florida school shooting, nearly 20 well-known companies, including United Airlines, are breaking ties with the powerful gun rights advocacy group.

Not everyone favors this aggressive tack. On...


Bears opening new downtown office on Wacker Drive

Mon, 26 Feb 2018 11:15:00 PST

After hiring a new coach to turn around the team’s fortunes, the Chicago Bears are making a move of a different kind, announcing plans to move offices from Soldier Field to Wacker Drive.

The NFL franchise has leased almost 11,000 square feet at 123 N. Wacker Drive, where it plans to move about...


Winter weather saps new-home sales 7.8 percent in January

Mon, 26 Feb 2018 09:23:00 PST

Sales of new U.S. homes fell in January for the second straight month, possibly dragged down again by bad weather.The Commerce Department reported Monday that last month's sales came in at a seasonally adjusted annual rate of 593,000, the lowest level since August and down 7.8 percent from a revised...


401(k)s and guns: Does 'ethical' investing make financial sense?

Sun, 25 Feb 2018 04:00:00 PST

If you have a 401(k), you’ve probably invested in guns. And if that runs counter to your ethics, there’s probably not much you can do about it. Not yet, anyway.

Most large investment funds — which manage millions of individual retirement accounts — own stock in American gun-makers as part of their...


Anthony Stefani of Bar Cargo carves out a place in Stefani restaurant empire

Mon, 26 Feb 2018 04:00:00 PST

Anthony Stefani has joined his family’s Chicago restaurant business, opening Bar Cargo, a Roman pizza bar in River North.


Media Files:,standalone.html

Chicago, airlines nearing $8.5 billion deal to dramatically expand O'Hare

Mon, 26 Feb 2018 05:30:00 PST

Mayor Rahm Emanuel and Chicago’s airline carriers are in the final stages of negotiating a blockbuster $8.5 billion deal to dramatically expand O’Hare International Airport with a state-of-the-art global terminal, dozens of new gates and several additional concourses, the Chicago Tribune has learned.


Loyola's purchase of MacNeal Hospital could take away Berwyn's biggest source of property tax revenue

Mon, 26 Feb 2018 11:10:00 PST

Loyola Medicine’s purchase of MacNeal Hospital in Berwyn could cost the west suburb its single largest property tax payer, prompting concerns about how the hospital’s removal from the tax rolls would affect homeowners and businesses.

The Illinois Health Facilities and Services Review Board is scheduled...


Kraft Heinz says it doesn't need to make a big move, but investors know better

Fri, 23 Feb 2018 07:10:00 PST

Don’t be surprised if Kraft Heinz, the maker of some world-famous food brands, gobbles up another big-name competitor.

In fact, some merger and acquisition pros predict the table is already set for a momentous Kraft Heinz acquisition bid, probably this year. As the Tribune recently reported, Kraft...


More companies are cutting ties with gun lobby as #BoycottNRA movement gains steam

Fri, 23 Feb 2018 17:07:00 PST

Several major companies - Enterprise Holdings, First National Bank of Omaha, Symantec, Hertz and Avis - have ended co-branding partnerships with the National Rifle Association as a #BoycottNRA social media movement picks up steam.

Enterprise - the parent company of car-rental brands Enterprise,...


What could make divorces more contentious? The new tax law

Thu, 22 Feb 2018 09:55:00 PST

Divorcing couples may have a harder time settling their finances beginning next year due to a change in federal tax law, and attorneys warn that could add some bitterness to an already sour process.

Currently, people can write off alimony paid to ex-spouses, a point divorce attorneys often use...


Fear, anxiety, apprehension: Immigrants fear doctor visits could leave them vulnerable to deportation

Thu, 22 Feb 2018 19:15:00 PST

The man’s toe had turned from deep purple to black by the time his family went to the emergency room. Soon they would discover it was gangrene, a complication of undiagnosed diabetes, and a portion of the toe would be amputated.

But before that, as the days passed and the toe blackened, the family’s...


Aon Center owners float plan for sky-high exterior elevator to new observation deck

Fri, 23 Feb 2018 09:40:00 PST

The owners of the Aon Center are floating a plan to attach a glass-sheathed elevator tower to the skyscraper’s exterior to ferry visitors to and from a new observation deck, according to a city official and others familiar with the plan.

At more than 1,000 feet tall, the exterior elevator tower...


Chicago's push for Amazon's HQ2 gets help from Bears coach Matt Nagy, Kuma's Corner and more

Thu, 22 Feb 2018 11:00:00 PST

Chicago’s bid to land Amazon’s sought-after second headquarters is getting some outside help from the likes of Chicago Bears coach Matt Nagy and the staff of heavy metal-themed burger joint Kuma’s Corner.

Along with city business and community leaders, they talked up Chicago’s virtues in a video...


Food truck owner hopes to take fight against Chicago to Illinois Supreme Court

Wed, 21 Feb 2018 17:15:00 PST

A cupcake food truck owner who believes Chicago’s regulations — including a rule requiring mobile vendors stay at least 200 feet away from bricks-and-mortar restaurants — are unconstitutional is asking the Illinois Supreme Court to take up her lawsuit.

If the state Supreme Court obliges, it will...


Sterling Bay wraps up $510 million deal for Groupon HQ

Thu, 22 Feb 2018 06:00:00 PST

Sterling Bay on Wednesday finalized its $510 million purchase of Groupon’s headquarters along the Chicago River, the largest deal ever for the 31-year-old firm.

That distinction will be short-lived, however, as the Chicago developer is expected to soon complete its acquisition of the two-tower...


Sinclair Broadcast will sell WGN-TV, New York station in bid to buy Tribune Media

Wed, 21 Feb 2018 14:15:00 PST

Sinclair Broadcast Group plans to sell Chicago’s WGN-TV and stations in New York and nine smaller markets to win federal approval of its proposed $3.9 billion takeover of Tribune Media.

The Hunt Valley, Md.-based broadcaster outlined steps it will take to comply with national TV station ownership...


Sears threatened to sue state over tax credit dispute

Wed, 21 Feb 2018 14:05:00 PST

Sears Holdings Corp. CEO Edward Lampert has said the struggling department store chain is “fighting like hell.” That includes its dealings with the state of Illinois, public records show.

The company threatened legal action in a monthslong battle over $14.8 million in state tax credits Sears believed...


Special counsel probing whether Manafort promised Chicago banker White House job for home loans

Thu, 22 Feb 2018 04:30:00 PST

Special counsel Robert Mueller’s team is looking into the possibility that former Trump campaign chair Paul Manafort promised a Chicago banker a job in the White House in exchange for $16 million in home loans, NBC News is reporting.

The banker, Stephen Calk, president of the Federal Savings Bank,...


$92 million accounting error delivers blow to Edward-Elmhurst Health's bottom line

Tue, 20 Feb 2018 14:20:00 PST

In a whopper of an accounting misstep, Edward-Elmhurst Health overestimated by $92 million the revenue it expects to receive from insurance companies and patients, delivering an unexpected blow to its bottom line.

In an interview Tuesday, CEO Mary Lou Mastro said there will be no layoffs or service...


Brad Keywell's Uptake brings in GE Power executive to help lead the data mining startup

Wed, 21 Feb 2018 08:05:00 PST

Uptake Technologies is bringing in a former General Electric executive to serve as president of the data analytics startup.

Ganesh Bell, who served as chief digital officer at GE Power, starts in his new role at Uptake on Monday, spokeswoman Abby Hunt said. Bell will report to CEO and co-founder...


Another 7,000 apartments expected in downtown Chicago within 2 years

Tue, 20 Feb 2018 14:25:00 PST

After setting a record for apartment construction in 2017, downtown Chicago will take a breather — but not for long.

While only about 3,000 apartment units are expected to be completed this year, developers next year could challenge the record number of downtown apartments — 4,350 units — built...


In search for new editor, Chicago Reader looks for diversity

Thu, 22 Feb 2018 04:55:00 PST

The Chicago Reader is casting a “broad net” in its search for a new top editor following the ouster of Mark Konkol after one issue at the helm, Edwin Eisendrath, CEO of parent company Sun-Times Media, said Tuesday.

Konkol’s departure was announced Saturday amid a controversy over the cover art...


Amazon wristbands could track workers' hand movements: 'Employers are increasingly treating their employees like robots'

Tue, 20 Feb 2018 03:00:00 PST

As Amazon continues its quest to shrink delivery times and add warehouses in Illinois, the e-commerce behemoth is eyeing technology that could track the movements of its workers’ hands as they fulfill orders.

The company recently won patents for wristbands that could be used as part of an inventory...


Jewel-Osco owner Albertsons to buy drugstore chain Rite Aid — but Chicago shoppers won't see much impact

Tue, 20 Feb 2018 12:40:00 PST

Albertsons, parent company of Jewel-Osco, announced plans Tuesday to buy drugstore chain Rite Aid in a deal that could help the combined company survive competitive pressure from giants like Walmart and Amazon amid the rise of online shopping.

Locally, the immediate impact for consumers appears...


State wraps up case for stripping Lincoln Towing's license, citing 'pattern and practice of unauthorized towing'

Mon, 19 Feb 2018 04:15:00 PST

Lincoln Towing Service has prowled Chicago’s parking lots for nearly 60 years, finding itself at the center of lawsuits, consumer horror stories and political pressure throughout its history.

After decades of controversy, the North Side firm — the largest relocation towing service in Illinois —...


Google plans to expand in Chicago

Fri, 16 Feb 2018 16:00:00 PST

Google will expand its workforce in Chicago, as part of the company’s plan to add thousands of U.S. employees this year, CEO Sundar Pichai said in a blog post Friday.

But it’s unclear exactly how many of those new jobs will be in Chicago. Pichai’s post, which followed a groundbreaking for a Google...


Chicago Stock Exchange sale could move forward without Chinese investors, CEO says

Fri, 16 Feb 2018 12:55:00 PST

The decision by federal regulators to reject a bid by a Chinese-led investor group to buy the Chicago Stock Exchange is a major blow to its international aspirations, but it may not derail the sale entirely, the exchange’s chief executive said Friday.

John Kerin, CEO and president of the Chicago...


CME Group legend Leo Melamed, who modernized Chicago trading, is retiring: 'Risk was really a part of my being'

Fri, 16 Feb 2018 05:45:00 PST

Leo Melamed likes a good drag race.

As a young man, Melamed would put pedal to the metal to his new Corvette and fly along a stretch of open road in Indiana, just over the Illinois border.

“It was a great car,” the 85-year-old says wistfully.

Melamed, who will soon retire from the board of trading...


Your paycheck will probably get bigger this month because of the new tax law

Thu, 15 Feb 2018 12:15:00 PST

Most Americans are starting to see one of the early benefits of the new tax law: a bump in take-home pay.

Paychecks are increasing for about 90 percent of Americans due to the tax overhaul, according to the U.S. Treasury, a result of changes in withholding tables set by the IRS. The deadline for...


From warehouses to skyscrapers: Fulton Market is an office building hotspot

Thu, 15 Feb 2018 06:50:00 PST

The latest wave of office construction transforming Chicago’s once-gritty Fulton Market district is likely to move closer to reality Thursday as proposals for four big office buildings are considered for zoning approval.

Developer Sterling Bay wants to construct office buildings of 19, 20 and 21...


A healthy Happy Meal? McDonald's cuts cheeseburgers, chocolate milk from kids' meal menu

Thu, 15 Feb 2018 12:07:00 PST

McDonald's is taking cheeseburgers and chocolate milk off its Happy Meal menu in an effort to cut down on the calories, sodium, saturated fat and sugar that kids consume at its restaurants.

Diners can still ask specifically for cheeseburgers or chocolate milk with the kid's meal, but the fast-food...


Check out how Skittles are made at a candy factory in Yorkville

Thu, 15 Feb 2018 04:00:00 PST

Production of Skittles, the colorful fruit-flavored treat, expanded to a Yorkville plant operated by Chicago-based Wm. Wrigley Jr. Co. in 2016. Skittles, which were previously made solely in Waco, Texas, are now produced in a Yorkville plant along with brands like Life Savers, Doublemint and Juicy...


Trump's 'harvest box' plan panned: 'If the goal is to increase hunger in the United States, this is a good proposal'

Tue, 13 Feb 2018 15:30:00 PST

Anti-hunger groups and retailers are lining up to blast President Donald Trump’s proposed overhaul of the federal food stamp program, which would convert electronic food benefits for millions into boxes of packaged food.

The so-called America’s Harvest Box program — part of the $4.4 trillion budget...


Online dating scammers have bilked lonely hearts out of $1 billion, BBB says

Tue, 13 Feb 2018 13:45:00 PST

Looking for love online can leave you with a depleted bank account as well as a broken heart .

An estimated 82,000 U.S. consumers who’ve used dating sites in the past three years have been scammed by individuals who shower them with compliments, romantic text messages and promised dates, only to...


Illinois man, unhappy that L.L. Bean ended lifetime return policy, sues

Tue, 13 Feb 2018 14:55:00 PST

It’s been less than a week since L.L. Bean changed its famously generous return policy, and the outdoor specialty retailer is already facing a lawsuit from an unhappy Illinois shopper.

The customer filed a lawsuit Monday against the Freeport, Maine-based retailer, alleging the company’s new one-year...