Chicago Business News for January 2, 2013

CFTC fines futures brokerage for years of failed supervision

Customers lost $183,000 to broker's scheme

$275M more for Illinois roads this year

(AP) — Illinois could have $275 million more for road and bridge projects this year if lawmakers approve a Department of Transportation funding plan, according to a summary obtained Tuesday by The Associated Press.

New Wrigley Building owners in lease talks with Chase

J.P. Morgan Chase plans to open a big branch on the ground floor of the Wrigley Building, the first major retail lease at the Michigan Avenue landmark since a local investor group led by Chicago investor Byron Trott bought the historic structure last year.

Updated 12:30 p.m.

U.S. still faces political fights on spending, debt

(AP) — A last-minute deal will keep the U.S. from driving off the so-called "fiscal cliff," but higher taxes and continued political fighting in Washington threaten to shake the fragile economy.

Chicago in a bottle

Tru Blooms uses locally grown flowers to scent its perfume. Now other cities are interested in emulating the model.

Illinois Senate returns Wednesday to wrap up session

(AP) — The Illinois Senate returns to the Capitol on Wednesday to begin a weeklong legislative session that could take up pension reform, legalizing gay marriage and banning assault rifles.

$6 billion 737 Max order takes Boeing over 1K booked

(AP) — Boeing Co. said on Wednesday that it has finalized an order for 60 of its planned 737 Max planes, pushing its total for the Max to more than 1,000.

Great Lakes Dredge buys Terra Contracting

(AP) — The Illinois-based dredging, demolition and remediation business is acquiring the assets of Michigan-based Terra Contracting LLC for about $20 million.

Morning 10: Cliff averted | Soldier Field contracts | Bears search

While the compromise bill passed late Tuesday dodges one fiscal cliff, it sends Congress barreling toward another. In two months, the delayed $110 billion in spending cuts kick in again and the U.S. will need to increase its borrowing limit. Here is the Wall Street Journal's take.

Middleby to buy Viking Range for $380M

(AP) — Elgin-based food service equipment maker Middleby Corp. plans to acquire high-end oven and kitchen appliance maker Viking Range Corp. for $380 million.

Owner facing Michigan Avenue foreclosure files Chapter 11

A venture controlled by Thomas DiPiazza and Richard Ferro filed the petition after the crash foiled their plans for a hotel-apartment-retail development at 300-310 N. Michigan.

West Loop office building heads to sheriff's sale

Wells Fargo Bank won a foreclosure judgment against the owner of 224 N. Des Plaines less than four months after filing a complaint.

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