Search Results for:

You are here

Boeing CEO says a U.S. airline will 'most likely' fold this year
News 2 weeks ago
Boeing CEO says a U.S. airline will 'most likely' fold this year

Carriers worldwide are facing a dire collapse in demand for flights as governments restrict travel and consumers heed warnings to stay home. The...

Share
Glassdoor cuts nearly 200 jobs in Chicago
News 2 weeks ago
Glassdoor cuts nearly 200 jobs in Chicago

The tech company said last week it was going to lay off a significant number of workers. Now we know roughly how many of them are in Chicago....

Share
What Abbott's new test can't tell
News 2 weeks ago
What Abbott's new test can't tell

Click here to subscribe to Crain's Daily Gist on iTunes, Spotify and Stitcher! Want to listen on your smart speaker? Click here to learn how....

Share
Pritzker sticks with reopening timetable
News 2 weeks ago
Pritzker sticks with reopening timetable

Even though COVID-19 cases in Illinois are forecast to peak later than expected, most and potentially all of the state could move toward a more...

Share
Chicago is building a COVID contact tracing workforce
News 2 weeks ago
Chicago is building a COVID contact tracing workforce

Local universities and community groups will help the city ramp up contact tracing, a key part of public health efforts to fight the pandemic, as...

Share
Madison Dearborn donates $13 million in COVID relief
News 2 weeks ago
Madison Dearborn donates $13 million in COVID relief

Chicago private-equity firm Madison Dearborn Partners said that it and its employees raised and contributed $13 million for coronavirus relief...

Share
Hotel group takes aim at Pritzker's reopening plan
News 2 weeks ago
Hotel group takes aim at Pritzker's reopening plan

Saying Gov. J. B. Pritzker needs to "offer some hope" to a huge and reeling industry, the Illinois Hotel & Lodging Association has become the...

Share
Property tax reprieve picks up Springfield steam
News 2 weeks ago
Property tax reprieve picks up Springfield steam

Odds are rising that property taxpayers will get some relief from the Illinois General Assembly. But how much and in what form is a work in...

Share
Northwestern University furloughs 250 staff members
News 2 weeks ago
Northwestern University furloughs 250 staff members

The Evanston university said it's cutting its workforce as it faces likely budget shortfalls over the next two years as a result of the pandemic....

Share
Mall owners' millstone gets heavier
News 2 weeks ago
Mall owners' millstone gets heavier

Even before the coronavirus arrived, the amount of available retail anchor space stood at an all-time high for the Chicago area. Count on that...

Share
Senior Pritzker staffer tests positive for COVID-19
News 2 weeks ago
Senior Pritzker staffer tests positive for COVID-19

A member of Gov. J. B. Pritzker's senior staff has tested positive for COVID-19. Now roughly 20 Governor's Office employees who had been working...

Share
Abbott tests draw praise and scrutiny • Health care’s April job losses • Chicago's reopening plan
News 2 weeks ago
Abbott tests draw praise and scrutiny • Health care’s April job losses • Chicago's reopening plan

Abbott Lab's antibody testing is showing strong results and the White House is using the company's rapid COVID test daily to monitor the president...

Share
This sector's best-case scenario is the steepest drop since the 1980s
News 2 weeks ago
This sector's best-case scenario is the steepest drop since the 1980s

As more consumers shopped online, sales fell at many stores. Big retail chains shrank or went out of business. Many shopping center owners...

Share
TFW your best-case scenario is the steepest drop since the 1980s
News 2 weeks ago
TFW your best-case scenario is the steepest drop since the 1980s

A veteran industry-watcher forecasts a 10 percent plunge in retail sales this year, the biggest annual decline since the firm began tracking this...

Share
Biopharmaceuticals
News 2 weeks ago
Biopharmaceuticals

Hedge fund firm Citadel is known for buying and selling stocks, bonds and derivatives across public markets. But lately it's been pumping millions...

Share
Is this condo about to be the priciest home sale of the year?
News 2 weeks ago
Is this condo about to be the priciest home sale of the year?

A Park Tower unit priced at $8.4 million is under contract. The final sale price isn't known, but it's likely to come in well ahead of the year's...

Share
This condo is now the priciest home sale of the year
News 2 weeks ago
This condo is now the priciest home sale of the year

A Park Tower unit sold for $8.4 million, well ahead of the year's previous leader, a Streeterville condo that went for $6.25 million. A Michigan...

Share
Longtime CEO Feiger sets retirement date at Fifth Third Chicago
News 2 weeks ago
Longtime CEO Feiger sets retirement date at Fifth Third Chicago

Mitch Feiger will retire as Fifth Third's Chicago chairman and CEO on May 29, the bank said today. The retirement date comes two months after the...

Share
UChicago hospital furloughs workers • Nursing home strike averted • AbbVie-Allergan acquisition
News 2 weeks ago
UChicago hospital furloughs workers • Nursing home strike averted • AbbVie-Allergan acquisition

UChicago Medicine is sidelining workers and postponing planned capital projects as it loses tens of millions of dollars a month during the COVID...

Share
A time of fear brings out sadly familiar anti-Semitic tropes
News 2 weeks ago
A time of fear brings out sadly familiar anti-Semitic tropes

What do Nazism and the Illinois shelter-in-place order have in common? Absolutely nothing. Yet, some seize on the fear surrounding the coronavirus...

Share
Grubhub feels the heat over fees as its image suffers
News 2 weeks ago
Grubhub feels the heat over fees as its image suffers

CEO Matt Maloney says its charges are misunderstood and that the company needs to do a better job educating restaurant owners. Grubhub increasingly...

Share
Our country's talent lies with our essential workers
News 2 weeks ago
Our country's talent lies with our essential workers

Might our dependence on this talent pool during this incredible time in our country make us truly see them for the assets that they are? Our front...

Share
Hyatt posts quarterly loss with virus keeping travelers home
News 2 weeks ago
Hyatt posts quarterly loss with virus keeping travelers home

Hyatt reported a loss of 35 cents per share, worse than analysts expected. Revenue per available room, which combines pricing and occupancy,...

Share
New worry for Woodfield, Northbrook Court
News 2 weeks ago
New worry for Woodfield, Northbrook Court

Two of the area's biggest and best-known shopping malls are facing the loss of an important store: Lord & Taylor. The department store chain is...

Share
Neiman Marcus files Chapter 11, idled by virus and crushed by debt
News 2 weeks ago
Neiman Marcus files Chapter 11, idled by virus and crushed by debt

The filing gives the luxury retailer a break on its debts by letting it stay in business while management works out a recovery plan. Creditors will...

Share
WBEZ host Jenn White departs for D.C. gig
News 2 weeks ago
WBEZ host Jenn White departs for D.C. gig

Jenn White is leaving WBEZ after four years to become the new host of national NPR-syndicated show, "1A." White will relocate to Washington, D. C.,...

Share
Ken Griffin's shutdown playbook has kept him on top of markets
News 3 weeks ago
Ken Griffin's shutdown playbook has kept him on top of markets

Griffin, speaking in a rare interview, says his firm and others kept capital markets working in a way that others could not have in the face of a...

Share
Airbnb cutting 25% of staff
News 3 weeks ago
Airbnb cutting 25% of staff

About 1,900 Airbnb employees across the world will be affected, Chief Executive Officer Brian Chesky wrote in an email to staff Tuesday. Those...

Share
With cash dwindling, shopping center owner halts dividend
News 3 weeks ago
With cash dwindling, shopping center owner halts dividend

Landlords like Retail Properties of America are struggling to collect rents from tenants. Many retailers are facing an existential crisis after...

Share
City weighs need to keep COVID hotel rooms
News 3 weeks ago
City weighs need to keep COVID hotel rooms

Just more than half of the rooms Chicago is renting to help isolate patients and first responders are being used as the growth of new local cases...

Share