Business News - Chicago Tribune

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Developer wants to build giant apartment tower in the Clybourn Corridor

The proposal is a sign that, despite some economic headwinds and relatively high interest rates, major developers are confident that renters will continue flocking to new apartments.

November 29, 2023

Terry Savage: Take stock of your portfolio in December

December is historically one of the market’s best performing months — especially in a December preceding an election year.

November 29, 2023

UAW will try to organize workers at all US nonunion factories after winning new contracts in Detroit

The UAW's plan to organize non-union factories includes EV startup Rivian, which makes electric trucks from a renovated Mitsubishi factory in Normal.

November 29, 2023

Kraft debuts dairy-free mac and cheese

Kraft NotMac & Cheese will be rolled out to U.S. stores over the next few months. It was developed in collaboration with Not Co., a Chicago startup that makes plant-based milk, burgers and other products. Kraft and Not. Co. formed a joint venture last year and have also developed plant-based cheese slices and mayonnaise.

November 29, 2023

Groupon is downsizing once-massive Chicago headquarters to subleased floor of Leo Burnett building

Online marketplace Groupon, whose River North headquarters were once the nexus of the Chicago tech ecosystem, is downsizing to subleased space in the Leo Burnett building.

November 29, 2023

Defying fate, woman with early-onset Alzheimer’s gene joins new drug trial at Park Ridge hospital

Heather Mejia, 44, learned she carried a gene for early onset Alzheimer's disease and enrolled in a clinical trial at Advocate Lutheran General Hospital in Park Ridge, managed by Dr. Darren Gitelman.

November 29, 2023

Autoworker strike cost General Motors $1.1 billion

GM, as well as rivals Ford and Jeep maker Stellantis, agreed to new contracts with the UAW that raise top assembly plant worker pay by about 33% by the time the deals expire in April of 2028.

November 29, 2023

Inheritance money in dispute after death of woman who made millions off sale of Sue the T-rex remains

Fossil hunters discovered the skeleton in 1990 on property owned by Maurice and Darlene Williams that sits on the Cheyenne River Reservation in South Dakota. The couple made $7.6 million from the auction of Sue — now on display at Chicago’s Field Museum.

November 29, 2023

Chicago small businesses face uncertainty heading into holidays as shoppers show signs of caution

Despite slowed inflation and good employment numbers, some small business owners told the Tribune shoppers were still struggling with sticker shock.

November 29, 2023

As Chicago considers city-run grocery, officials say all options are on the table. But the challenges are steep.

As the South and West sides see more groceries close, Mayor Brandon Johnson's administration is considering opening a city-run store.

November 29, 2023

Charlie Munger, Warren Buffett’s sidekick at Berkshire Hathaway, dies at 99

Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a California hospital. He was 99.

November 28, 2023

Chicago’s winter parking ban to go into effect Friday

The ban affects parking on 107 miles of Chicago's main roads, regardless of snow. It ends April 1.

November 28, 2023

US targets banks’ billions of dollars in overdraft fees

Washington has been clamping down on overdraft charges, which the Biden administration has dubbed “junk fees.”

November 28, 2023

SNAP recipients may receive reduced fares on Metra lines next year despite ridership lagging behind pre-pandemic numbers

During a recent budget presentation to the County Dec. 14, representatives from the RTA elaborated on plans to expand discounted fare and ride free programs to residents within Chicago’s six county metro area to those receiving aid under the federal Supplemental Nutrition Assistance Program (SNAP).

November 28, 2023

Foundation of late Chicago entrepreneur Sue Gin announces $21 million donation for nonprofit to fight gun violence in the city

Combating violence has become a high priority for the city’s business community.

November 28, 2023

Many older adults in Cook County die without an estate plan. A newer legal tool is helping heirs hold onto family homes.

Over the last decade, an increasing number of Cook County homeowners have used transfer on death instruments, a cheaper, simpler estate planning tool.

November 28, 2023

Cyber Monday marks the year’s biggest online shopping day, and one more chance to save on gifts

Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday.

November 27, 2023

Foxtrot will merge with Dom’s in specialty grocer deal

The merged companies will be helmed by Foxtrot CEO Liz Williams under a new entity, Outfox Hospitality.

November 27, 2023

Chicago Bears defensive tackle Gervon Dexter buys Vernon Hills mansion for $1.2M

A Florida native and standout at the University of Florida, Gervon Dexter Sr., 22, was drafted by the Bears in the second round of the 2023 NFL Draft.

November 27, 2023

Andersonville’s shopping district draws crowds on Small Business Saturday

Scores of holiday shoppers packed North Clark Street in Andersonville for the promotion aimed at aiding small businesses.

November 25, 2023

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