Business
Business news, from Chicago’s largest corporations to local small businesses, including consumer watchdog reports and updates from industries like technology and retail.
A split decision from the Illinois Commerce Commission sends ComEd back to the drawing board for a plan that lines up with a clean energy law signed by Gov. J.B. Pritzker — and it means Chicagoans will see much smaller electric bill increases than expected in the new year.
Many economists worry about how shoppers are paying for all the stuff as credit card balances and rates are at all-time highs.
The nonprofit incubator mHUB and battery manufacturer NanoGraf opened facilities in a part of town that’s evolving into an innovation center.
Holidays mean delicious food, and where better to find it than Delightful Pastries in Jefferson Park?
About 500 artists from around the country have set up shop for the event at the Merchandise Mart, which has become a holiday shopping destination for an estimated 50,000 patrons.
Customers waited nearly three hours for a taste of McDonald’s new beverage-focused restaurant concept that will soon expand to Texas.
The Ohio-based company operates more than 30 Save A Lot stores nationwide, including in Chicago where a number of stores have yet to open.
The federally owned towers date from the early 20th century and could still be torn down, but the decision of the Commission on Chicago Landmarks could increase pressure to preserve them.
You might not need the city to do your daily business, but it still offers a portal to the unexpected.
The beverage-focused restaurant will feature specialty drinks and is named for an ’80s McDonald’s mascot.
Days after announcing his departure from the job growth agency known as World Business Chicago, Michael Fassnacht urged City Hall and the two major carriers to work out their differences on a massive project that started at $8.7 billion but has ballooned to $12.1 billion.
The company is focused on core menu items like Quarter Pounders and fries which, according to McDonald’s, make up 65% of sales systemwide.
The Democratic National Committee has pledged that all of Chicago’s communities benefit — and minority contractors share — from next year’s convention at United Center.
After nearly four months, the Screen Actors Guild-American Federation of Television and Radio Artists approved a three-year pact with 78% voting in favor.
The software giant had to reduce its space because of the pandemic, but has moved ahead with a design that heralds community involvement.
Moog had served as CEO since 2020, overseeing the merger of the Chicago Sun-Times and WBEZ, creating the largest local nonprofit news organization in the country.
Hiring is slowing from the breakneck pace of the past two years. Still, employers have added a solid 239,000 jobs a month this year.
The veteran advertising executive is expected to remain in his post through at least February to ensure a transition to his successor.
The National Highway Traffic Safety Administration says BMW is recalling 486 SUVs after the driver was seriously on Oct. 23. BMW blamed a welding defect and said it is limited to a small lot of inflators.
The agreement was made public Tuesday morning as the case was set to go to trial, after it appeared recent efforts to reach a settlement had broken down.
There’s the easy way; then there’s the Dobra Bielinski way.
The mixed picture in Tuesday’s inflation report will likely keep the Federal Reserve on track to leave its benchmark interest rate unchanged when its latest meeting ends Wednesday.
Proposed legislation would inject competition into the system of networks that process credit card transactions.
Businesses mainly in the south suburbs — like restaurants, bakeries, grocery stores and gas stations — closed Monday ahead of a rally in solidarity with Gaza.
The two robbers got away with about $10,000 in cash just before closing time Sunday at 933 N. State St., police said.
The new system was approved as part of the decision that also saw regulators cut a rate hike requested by Peoples Gas from $402 million down to about $301 million.
With vacancy rates rising and valuations falling hard, civic and business leaders are starting to talk about what can be done with office space few companies want anymore.
In a sweeping ruling last month, the Illinois Commerce Commission put a halt to the utility’s perennially delayed and over-budget pipe project, but Peoples Gas says it needs money to wrap up the project safely.
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