Business

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

Union leaders announced that more than 99% of members had voted to authorize a strike if contract talks ‘do not yield significant improvements.’
In 2018, the Illinois attorney general’s office filed a lawsuit against the hotel, accusing it of violating environmental laws by polluting the Chicago River.
PickleMall Inc., which recently opened a 24-court site in Arizona, is looking to convert a vacant space in Vernon Hills as part of its plan to open 50 centers in two years.
The Mitsubishi Mirage sells for $19,205 at a time when the average new vehicle in the U.S. has a sales price of $48,000. And used vehicles sell for about $29,000.
City officials have received two responses to their call for investment at the former Aldi property on West Madison Street, hoping to energize the commercial block.
Shannon Phillips was awarded more than $25 million this year. She alleged that she and other white managers were unfairly punished after two Black men were arrested at a Philadelphia store in 2018.
There were 3.3 million Illinois residents living in a food desert, according to a 2021 Illinois Department of Public Health report. The new measure will support existing grocers and help encourage new grocers by allowing stores receiving grants to be able to receive tax credits and other incentives.
On the northwest corner of S&C Electric Co.’s 46-acre campus, the garden features 45 plant species and serves as a safe haven for birds, butterflies and bees.
The agreement raises the minimum wage for non-tipped workers to $25 an hour, up $2 from the previous contract.
A group of residents have been raising concerns about jobs, zoning and environmental issues about an Amazon warehouse that’s set to open in West Humboldt Park.
Mortgage buyer Freddie Mac said the average rate on the benchmark 30-year home loan rose to 7.09% — a year ago, the rate averaged 5.13%.
Plummeting valuations for Chicago office properties will mean a tax hike for all homeowners — not just the ones with high-end houses, office building owners say.
The $65 million project is expected to be ready by early 2026.
Said Qreini was arrested in late July while boarding a plane for Turkey, authorities say.
Plans would divide the corridor between Wacker and Ida B. Wells drives into three distinct districts highlighting arts, retail and education.
The units made by Gree Electric Appliances are linked to house fires and four deaths. It’s the latest recall for a company that’s faced civil and criminal cases over its dehumidifiers.
The grocer, whose U.S. headquarters is in Batavia, said the deal will support its plan to have 2,400 stores by the end of this year.
The hope is that the fines alone will deter people from making fake reviews, which in the long run will benefit consumers and marketers.
Family-owned store Torres Omar Jewelers has been in business for more than 40 years and recently launched its own line of jewelry.
The employees have affiliated with Council 31 of the American Federation of State, County and Municipal Employees, which has signed up members at other Chicago institutions.
Waymo autonomous taxis are working the streets of San Francisco and Phoenix, now, soon to add LA and, eventually, Chicago.
Starbucks’ Pumpkin Spice Latte goes on sale Thursday in the U.S. and Canada. It’s the coffee giant’s most popular seasonal beverage, with hundreds of millions sold since its launch in 2003.
Subway CEO John Chidsey said the deal reflects Subway’s long-term growth potential and the value of the brand.
Limiting the number of EarlyBird spots could push Southwest passengers into other options for moving up in the boarding line, including buying the highest-priced fare, called “Business Select,” which comes with a top-15 spot in line.
Nvidia’s specialized chips powered the firm to second-quarter revenue of $13.51 billion, or $2.48 per share, more than nine times higher than the company made a year ago.
The Teamsters said that 86% of the votes casts were in favor of ratifying the national contract.
Labor Department officials cited issues at the stores including blocked exits, unsafe storage of materials and improper access to fire extinguishers and electrical panels.
The grant money comes as part of President Joe Biden’s signature $1.2 trillion infrastructure package signed into law almost two years ago, and aims to promote gender equity and inclusion in the male-dominated field.
A video released by the Marion County Record shows Joan Meyer confronting police who raided her home Aug. 11. Meyer died the next day. Her son, the newspaper’s editor, believes the stress of the raid contributed to her death.
“Bridgeport and the White Sox just go together, they always did,” Carrie Stegniller, a manager at Turtle’s Bar and Grill said. But not everyone in the South Side neighborhood was as concerned about the potential move.