Business

Business

SEC charges former McDonald's CEO with misleading investors

McDonald's Corp. was also charged by the SEC for the incident, it said Monday, but due to the company's cooperation during the ensuing investigation, there is no financial penalty.

Business

Opioid legal charge pushes Walgreens to $3.7B fiscal 1Q loss

Walgreens said Thursday that it recorded a $5.2 billion, after-tax charge in the quarter that ended Nov. 30 for opioid-related litigation.

Chicago Business

Mondelez selling part of its gum business for $1.35B

Chicago-based Mondelez said the deal includes its Trident, Bubblicious, Dentyne and Chiclets gum brands and the European candy brands Cachou Lajaunie and La Vosgienne.

Chicagoland Business

Grilling company Weber to be taken private in $3.7B deal

Weber, based in Palatine, Illinois, went public in August 2021 at $14 a share. Shares, which were listed on the New York Stock Exchange under the “WEBR” ticker symbol, closed Friday at $6.50.

Chicago Journal

Stellantis to idle Belvidere assembly plant, lay off workers

Stellantis says Friday that its Belvidere Assembly Plant will be idled effective Feb. 28 as the automaker “considers other avenues to optimize operations.”

Illinois Business

Biden releasing nearly $36B to aid pensions of union workers

The retirement plan has participants in almost every state, with the largest concentration in the Midwest, including 25,000 in Illinois. The program was on track to become insolvent in 2026.

Business

Boeing's last 747 to roll out of Washington state factory

After more than half a century, the last Boeing 747 rolled out of a Washington state factory on Tuesday. The final customer is the cargo carrier Atlas Air.

Business

Chicago Fed names ex-Obama adviser Goolsbee as next leader

Goolsbee, 53, an economics professor at the University of Chicago who is a frequent commentator in opinion columns and television appearances, will succeed Charles Evans on Jan. 9. Evans is retiring after 15 years as head of the Chicago Fed after reaching the mandatory retirement age of 65.

Chicago Journal

States settle with Google, iHeartMedia over misleading ads

The settlement bars Google from making misrepresentations in endorsements of its products for 20 years. Arizona, Georgia, Illinois, Massachusetts, New York, and Texas and the Federal Trade Commission were part of the settlements.

Chicago Journal

FAA: Construction can start on new O'Hare terminals

Construction can begin on new passenger terminals at Chicago's O'Hare International Airport following the completion of an environmental review, the Federal Aviation Administration said.

Chicago Journal

Illinois voters approve collective bargaining amendment

With its passage, Illinois is prohibited from becoming a right-to-work state. All employees under union contracts can be required to pay union dues, regardless of political or religious affiliation.

Environment

Solar farms in 3 states cited for environmental violations

A statement by the Justice Department and the Environmental Protection Agency said, in each case, the alleged companies failed to take steps to control runoff water.