clock menu more-arrow no yes

Business

Business news, from Chicago’s largest corporations to local small businesses, including consumer watchdog reports and updates from industries like technology and retail.

Filed under:

Twilight Zone no more, downtown Highland Park jumped back to life on Friday

Survival, revival and a TikTok marketing success story in this northern suburb, where some businesses reopened Friday after months of a COVID-19 pandemic shutdown.

Filed under:

New artist incubator opening in Humboldt Park

The Honeycomb Network, 2659 W. Division St., will focus on mental awareness: "We want to normalize mental health care and break the cycle that pushes the negative stigma of speaking with a therapist," said founder Denise Ruiz.

Filed under:

Chicago’s new normal: When will tourists come back?

Unlike some places that have hurtled toward a rapid reopening, Chicago wants to be viewed as an intelligent destination that visitors can trust.

Filed under:

Nonprofit landlord adds to holdings while keeping rents low

Preservation of Affordable Housing is tapping subsidies to make deals workable and assure tenants they can afford to stay.

Filed under:

Hertz files for bankruptcy protection

Hertz and its subsidiaries will continue to operate, according to a release from the company. By the end of March, Hertz Global Holdings Inc. had racked up $18.7 billion in debt with only $1 billion of available cash.

Filed under:

Sun-Times removes interim tag from CEO Nykia Wright’s title; Chris Fusco named executive editor

"I’m thankful to have been selected," Wright said. "I don’t know that I was ever looking for it, my mission was just to turn the business around."

Filed under:

Crayola launches ‘Colors of the World’ skin tone crayons

The crayons will be wrapped in a gradient skin tone label with the color name in English, Spanish and French, and a realistic color name — such as Light Golden, Deep Almond and Medium Deep Rose.

Filed under:

We know how to help control COVID-19’s spread once we leave home; we just have to do it

The pandemic will accelerate adoption of digital medical technology, and contact tracing might be carried along in that tide.

Filed under:

Chicago’s new normal: How reopened workplaces will look different due to the coronavirus pandemic

Working from home will remain a factor, but those venturing back to the office in the coming months should expect see a host of new workplace protocols.

Filed under:

Condo owners allege Francis W. Parker School tried to fraudulently take over their building, call the move ‘morally bankrupt’

The school allegedly used straw buyers to hide their involvement in the purchases.

Filed under:

Not so fast: Chicago restaurants won’t be ready to reopen for outdoor dining on May 29, mayor says

"We’re close. But, we’re not there yet," Mayor Lori Lightfoot said at a Thursday news conference. "I don’t think we’re gonna be ready by May 29. But, my hope is that soon in June, we will be ready."

Filed under:

Retailers reopening more stores, tourism expanding

Macy’s warns it could lose more than a $1 billion during its fiscal first quarter. The chain began to reopen stores earlier this month and expects most stores to be open in mid-June.

Filed under:

Nearly 39 million have sought US jobless aid since virus hit

An additional 2.2 million people sought aid under a new federal program for self-employed, contractor and gig workers, who are now eligible for jobless aid for the first time.

Filed under:

City Council approves zoning for Chicago’s second-tallest building

Mayor Lori Lightfoot promised "significant consequences" if the developers fail to meet their commitments on hiring minority- and women-owned firms to help with the project. "Our eyes will be on this project," the mayor said.

Filed under:

Unlicensed sellers, federal investigators and a failed $637 million deal: Inside a Chicago-area company’s attempt to sell PPE

Though John and Kristi Dunn Kucera had no experience in the personal protective equipment industry, they used personal connections to find a dealer claiming to have hundreds of millions of N95 masks and a buyer willing to pay a premium for the gear that’s desperately needed by essential workers fighting the deadly coronavirus.

Filed under:

Apple, Google release technology for pandemic apps

It relies on Bluetooth wireless technology to detect when someone who downloaded the app has spent time near another app user who later tests positive for the virus.

Filed under:

Alderman moves to close legal loophole in Chicago’s puppy mill ordinance

The loophole has allowed pet shops to thumb their noses at the 2014 puppy mill ordinance by forming what Ald. Brian Hopkins called "phony rescue organizations."

Filed under:

City Council rushes to the rescue of businesses, employees crippled by COVID-19

A parade of relief ordinances were slated for approval at Wednesday’s virtual meeting.

Filed under:

Pier 1 to go out of business, close all 540 stores

Company said it couldn’t find a buyer after filing for bankruptcy in February.

Filed under:

Johnson & Johnson to stop selling talc-based baby powder in US, Canada

Demand for iconic product has dwindled amid thousands of lawsuits claiming it has caused cancer.

Filed under:

Bob Mariano to open new Lincoln Park grocery store: Dom’s Market and Kitchen

Mariano aims to create the "next generation" grocery store that will offer groceries, dine-in and takeout experiences, and delivery.

Filed under:

Uber cuts more employees, closes offices

A source says the company still plans to move into the Old Post Office despite its challenged finances and business losses from the pandemic.

Filed under:

Actor, humanitarian Sean Penn cautions Chicago to reopen slowly and safely

"When it comes to opening economies, slow is smooth. Smooth is fast. And blood is slippery. We don’t want to get our finger slipping on a hot trigger," Penn said after touring a testing site his relief group is opening in Belmont-Cragin.

Filed under:

After lucky deal, felon John Thomas could profit from COVID-19 precautions

A developer who helped feds probe corruption but went to prison himself owns the former Sherman Hospital in Elgin, which the state needs to lease.

Filed under:

While state remains shut down, Illinois residents head to neighboring states to shop, eat out

In the first weekend that bordering states Indiana and Wisconsin largely were open for business, Illinoisans traveled across state lines, confident they won’t get sick.

Filed under:

Google facing onslaught of antitrust cases in US: report

The Wall Street Journal reported that federal and state regulators are preparing to file antitrust lawsuits alleging that Google has abused its dominance of online search and advertising to stifle competition and boost its profits.

Filed under:

J.C. Penney files for Chapter 11 bankruptcy protection

Department store becomes latest retail casualty of pandemic

Filed under:

Lightfoot hints at street closures to help restaurants serve diners, people get around

"People are itching to get outside. Businesses are looking at creative ways to serve customers. The key is how we do it," the mayor tweeted Friday.

Filed under:

Hold the pickle, not the license? State to offer drive-thru service to renew license plate stickers

The seven locations – three in Chicago — will open next week to provide only the vehicle registration renewal as a way to serve the public and as a test run.

Filed under:

Evanston auto loan execs siphoned $5 million from shell company: feds

Two executives of Honor Finance LLC allegedly conspired with their accountant to pocket the money after moving it to a shell company, LHS Solutions Ltd., they controlled.

Filed under:

Aviation Committee authorizes rent relief for O’Hare and Midway concessionaires

The relief package would waive rent and fees for two months for restaurants and stores. Beginning in June, those concessionaires would pay base rent only.

Filed under:

How McDonald’s dine-in experience will change due to coronavirus

The company said the new procedures will apply to all 14,000 McDonald’s locations in the U.S.