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The Streeterville project was “a specific problem deal” prompted by the real estate collapse and does not mean the group automatically will have a hard time obtaining the financing, one expert says.
Throughout a bruising 2012 election cycle, the popularity of his FiveThirtyEight.com blog soared and an unlikely star was born. Crain's catches up with a onetime "40 Under 40" pick.
(AP) — Strategic Hotels & Resorts Inc. said Monday that it extended its existing shareholder rights plan by a year to protect the company from unwanted takeover attempts.
Pamela and Agape Redwood heard about people losing their jobs during the Great Recession. They just didn't expect to be among them.
Word that the Chicago-based investment advisory firm is closing its broker-dealer operations follows news the firm settled SEC charges.
It's good news for borrowers, many of whom are undocumented immigrants who worried that a profit-motivated buyer would foreclose on them.
(AP) — Groupon said Monday that it will offer free shipping and returns for items bought through Groupon Goods for the holidays.
(AP) — Hostess Brands Inc. is permanently closing three bakeries — though not its Twinkies factory in Schiller Park — following a nationwide strike by its bakers union.
(AP) — J.P. Morgan cut its rating and price target for Caterpillar on Monday as mining companies try to put a cap on capital expenditures.
The women's clothing seller plans to open before Christmas on Armitage Avenue.
Chicago-based real estate investor Abbell Associates teamed with a Connecticut fund manager to buy the property, which sold for more than 25 percent less than its 2007 price.
Also, restaurateur Michael Bisbee plans a West Loop eatery and 42 unsold units at a Forest Park development are back on the market.
(AP) — The mayor says United Airlines will repay $5.6 million in tax incentives the company received from Chicago to redevelop its downtown headquarters.
But increases for Class A buildings are likely to subside next year, when nearly 2,700 new units are completed, with another 2,000 on tap for 2014.
(AP) — Abbott Laboratories reported Monday that its blockbuster drug Humira showed positive results in treating symptoms of an inflammatory joint disease that causes back pain.
Wondering which Chicago tech companies might be the next big acquisition target or IPO darling? Crain's follows the VCs to learn how they determine where to put their money. Read more here.
The publisher of Ebony and Jet is making part of its photo archive available for public purchase for the first time since it started chronicling the African-American experience seven decades ago.