Business
The Business Section of the Chicago Journal.
Sterigenics settling suits for $408M
Sterigenics announced Monday that a claims administrator will be appointed to distribute the money to as many as 870 people who had sued the Oak Brook, Illinois-based company.
John Deere, farm group reach deal on fixing equipment
The agreement formalizes farmers’ access to diagnostic and repair codes and to manuals and product guides. It also ensures farmers will be able to purchase diagnostic tools directly from John Deere and receive assistance from the manufacturer when ordering parts and products.
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.
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.
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.
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.
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.”
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.
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.
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.
