We break down complex business news to help you understand how money moves in Chicago and how it affects you.
The Boston startup said it will relocate to the West Loop this fall and create at least 50 new jobs.
The FDA said people who have an allergy to peanuts may risk a ‘life-threatening’ allergic reaction by consuming the recalled product.
Ferrero, parent of Chicago-based Ferrara Candy Co., said it’s buying the manufacturing, marketing and distribution of WK Kellogg Co.’s portfolio of breakfast cereals in the U.S., Canada and the Caribbean.
Musk hired Yaccarino, a veteran ad executive, in May 2023 after he purchased Twitter for $44 billion in late 2022.
Jobs for young people have grown by 40% under Mayor Brandon Johnson, who pitched the program as a key anti-violence initiative.
The letters warned the countries to not retaliate by increasing their own import taxes, or else the Trump administration would further increase import taxes.
The operators of Chicago-area companies that make such goods as kitchen and organizational products say higher tariffs on Chinese imports is threatening the survival of their businesses.
Some welcome the street race, but others say disruptive road closures and noise drive customers away.
The county’s $12 million program with developer Inherent L3C plans to add 120 homes across Chicago Heights, Humboldt Park and Proviso Township.
The partnership has helped 23 Chicago-area entrepreneurs get zero-interest loans from crowdfunding platform Kiva, and applications are open for more small businesses to apply.
Those Roman candles from Indiana? You could pay twice as much this year due to Trump administration tariffs on goods from China.
Dream Town, founded in 1998, will phase out its name and branding once the merger is complete.
Harvest Homes II will build off its first phase of development, adding 50 units of affordable housing and a 4,000-square-foot food hall.
Owner MetLife started to explore consolidating the mall’s retail space last year and is now looking to sell, or lease, the upper floors for office or medical use.
The program says its blue seal of approval on appliances saves households an average of $450 a year on their utility bills. But the EPA plans a reorganization that would eliminate its Energy Star offices.
The company is moving into a 3,500-square-foot office in the Loop, with plans for Chicago to serve as a regional hub for project development, finance and subscriber management.
The Chicago-based company announced the bankruptcy weeks after sharing it would be closing its Loop headquarters.