A decision is expected soon on a location for the novel plan to spark innovation by combining startups with established pharmaceutical companies.
After blessing other big airline mergers in recent years, Obama administration antitrust officials surprisingly balked at the latest one proposed by American Airlines and US Airways.
Chicago airports ranked last among the 29 busiest airports for on-time departures in June, according to Transportation Department statistics released today.
New in Chicago
Our weekly startup roundup spotlights a new tool to help you make sense of your social media feeds. Plus: A distillery and cocktail bar is set to open on the Near West Side, the scion of a well-known Chicago salon family launches a line of hair "fresheners," and more.
(AP) — The ruling is significant for Illinois, which has more nuclear waste than any other state.
The move comes amid leadership changes at the Windy City outpost of the Omnicom Group agency.
A venture that includes Northbrook-based Brinshore Development LLC is seeking more than $3 million in tax-increment financing for the next phase of the Legends South development in Bronzeville.
Also, a home showroom operator buys a River North retail space for $2.2 million; South Street Capital agrees to pay $3.1 million for an office building near Goose Island, and Tishman Speyer Properties has bought the 40-story office tower at 190 S. LaSalle.
TIER REIT has hired the Chicago office of HFF Inc. to sell the neighboring buildings at 10 and 120 S. Riverside Plaza, which could fetch $410 million.
New foreclosure filings in the six-county Chicago area were down 36.1 percent in the first half of 2013 from the year-ago period, the Woodstock Institute reports.
Also, political strategist David Axelrod sells his Lake Point Tower condo; a Citadel executive has bought a newly built Lincoln Park home, and a distributor of food ingredients and chemicals asks nearly $2 million for a Burr Ridge home.
Arthur J. Gallagher & Co., which has grown to be the world's fourth-biggest commercial insurance brokerage by gobbling hundreds of small firms, has unveiled its largest deal ever.
Also, a surgeon continues her legal battle with Northwest Community Hospital, and an insurance broker that has filed suit alleging it was cut out of a commission has substituted Delta Dental of Illinois for the original defendant.
Ken McDonald and his wife, Linda Jamerson, left their high-paying corporate jobs, cashed out their 401(k)s and bought an old-school manufacturing company on Chicago's South Side. It was a risky move, but it's paying off.
Illinois College of Optometry plans to issue new bonds at a lower interest rate in a bid to boost its bottom line.
(AP) — The Justice Department and a number of state attorneys general are challenging the proposed $11 billion merger between US Airways Group and Chicago's second-biggest carrier.
The day-to-day uses of recent advances in endoscopy were the subject of a two-day conference hosted by Northwestern Medicine.
Boost in "core" retail sales suggest that consumer spending could boost economic growth in the coming months.
Wrapports, parent company of the Sun-Times newspaper group, is taking a cue from Chicago-based Tribune Co. and developing a separate unit to produce lower-cost content for its papers. Called Aggrego, the unit already is contributing content to some of the company's 40 daily and weekly suburban
(AP) — Americans remain stingy about carrying credit card balances and are making more of an effort to make timely payments, TransUnion reports.
The parent company to the Sun-Times newspaper group is taking a cue from rival Tribune Co. and developing a separate unit, Aggrego, to produce lower-cost content for its papers.