Business stories in Chicago

JCPenney, the last anchor at Ford City Mall, initially announced its closure in 30-60 days but quickly retracted, stating its future is pending a May 15 court hearing. Chicago officials are pushing to vacate the Southwest Side mall due to severe safety hazards, leaving its future, and that of JCPenney, in peril.

Federal regulators want more information about AbbVie’s application for a fast-acting, short-duration Botox product designed to attract hesitant consumers with quicker results and a shorter duration, citing concerns about the company’s manufacturing process.AbbVie had positioned the product as a way

Young fans can soon get another taste of the Upside Down alongside some McNuggets and fries.

Anyone recommend a black car company that can include a booster seat and forward-facing car seat? We have a trip in June, and the company I used last year ended up being more of a headache because of the booster and car seat requests. Thank you!

Ferrero North America has introduced Nutella Peanut, its first new product in over 60 years, made exclusively at its Franklin Park facility. This marks the first time a Nutella product has been manufactured in the U.S., expanding the brand's presence in North America.

Michael Osanloo, the ex-CEO of Portillo’s, has placed his six-bedroom Florida home on the market for almost $9.5 million. This listing follows the recent sale of his Hinsdale mansion for over $7 million.

Several Chicago restaurants are launching second locations or reopening after closures, reflecting a trend of revitalization in the dining scene. Notable openings include The Barn Steakhouse in Highland Park and the reopening of Carmine's in the Gold Coast after a three-year hiatus.

there's always gonna be people for and against anything, including d ata centers, but it seems pretty fucking weird that we have like five different people quoting the exact same company PR to explain why all this is good, and/or responding with statements that show they are clearly unfamiliar with

Chances are if you drive down Halsted Street in Pilsen, you won’t even notice the building. It’s a two-story gray home with no visible signage indicating it’s a buzzy new cocktail bar. But like most buildings, this one also has a story to tell. What we know is the buildi

The Trump administration's reclassification of medical marijuana to Schedule III will provide significant tax relief for Illinois cannabis companies, allowing them to deduct business expenses. Industry leaders emphasize the need for further reforms as recreational cannabis remains classified as Schedule I.

The Ford City Mall in Chicago will remain operational for at least a few more weeks as a Cook County judge postponed a hearing that could have led to its immediate closure. This decision allows the mall's 16 remaining tenants to continue their businesses without interruption.

Party City is partnering with Staples to reopen in over 700 locations across the U.S., including eight in Illinois. This move follows the company's Chapter 11 bankruptcy filing and aims to leverage Staples' footprint to regain market presence.

Claire’s is moving its headquarters to a distressed office building in Rosemont after emerging from bankruptcy. The move aims to provide a modern workspace and is part of a broader trend of companies upgrading their offices post-COVID-19.

Citadel is considering halting its NYC expansion plans after Mayor Mamdani criticized billionaire Ken Griffin's luxury apartment purchase. The mayor's push for a new tax on high-value second homes has sparked a backlash from the city's wealthy elite, raising concerns about the impact on development.

HBO Max, “Harry Potter” and CNN may soon find themselves under a new roof: Paramount.

SOUTH LOOP — Nearly a year after its relaunch, a South Loop restaurant owned by former Chicago Bear Israel Idonije has permanently closed. Idonije confirmed that Signature Steak, 1312 S. Wabash Ave., closed for good in February. The restaurateur did not give a reason for the decision, though he t

ENSEMBLE, an independent business collective dedicated to cultivating community, meaningful growth and intentional collaboration, announces its first spring market on Saturday, May 2 and Sunday, May 3. The event will run from 10 a.m. to 5 p.m. at Bookman’s Alley, 1712 Sherman Ave. The free eve

Capital One has finalized a $425 million settlement after a lawsuit claimed it misled customers about interest rates on its 360 Savings account. Eligible customers will automatically receive payments based on their account history.

A high-floor condo at the St. Regis tower in Chicago is on the market for $11.5 million after extensive renovations by a Brazilian designer. The property offers stunning views of Lake Michigan and features high-end furnishings from renowned brands.

The Purple Pig, a popular restaurant on Michigan Avenue, has opened a new location at Oak Brook Center. Owner Chef Tony Mantuano and Culinary Director Brian Motkya shared a recipe for their Greek Panzanella Salad during the announcement.

United Airlines is considering raising ticket prices by 15 to 20% due to a surge in jet fuel prices. CEO Scott Kirby indicated that this increase is a response to the rising operational costs.

The board of Warner Brothers Discovery has approved the sale of the media company to Paramount. This strategic move aims to establish a new entity that will become a major player in the entertainment, sports, and news sectors globally.

Four bars from Chicago have been recognized among North America's 50 best by the World’s 50 Best organization. Notably, Kumiko leads the list at No. 11, showcasing the city's vibrant bar scene.

Windfall, through 5/31 at Steppenwolf Theatre Company The post <i>Windfall</i> gets a stirring world premiere at Steppenwolf appeared first on Chicago Reader.

Hello, I filed for unemployment on April 2nd. Never received anything. I called and they said they never received my claim. I thought that was odd. They proceed to tell me I have a claim from this time last year and then tell me my most recent employer. I try to say I must have entered the date w

Chicago's grocery sector is experiencing a surge in expansion as chains like Whole Foods and Trader Joe's open new locations. This growth follows a failed merger between major competitors, allowing others to capture market share.

The Chicago housing market is facing the resurgence of 'zombie mortgages' from the early 2000s mortgage crisis. This issue is compounded by ongoing developments such as a proposed Bears stadium plan and a lawsuit involving a troubled hospital.

A Humboldt Park couple becomes the first to utilize a new mortgage program that allows homeowners to refinance without the burden of high interest rates. The program, called DREAM, helps them access equity for further investments in real estate.

Michigan Avenue is set to see a retail revival with multiple popular stores reopening, including American Eagle and Uniqlo. The area continues to attract national and global retailers, signaling positive momentum for the iconic shopping strip.

Business is blooming at two of the city’s biggest greenhouses. Let’s compare.