Chicago Business
McDonald's temporarily closes US offices ahead of layoffs
McDonald's declined to comment on the memo or the layoffs on Monday. The memo was first reported by the Wall Street Journal.
Chicago Business
Chicago News
Juul to pay Chicago $23.8M for underage vaping settlement
The company agreed to pay $2.8 million within 30 days and the rest later this year, the statement said.
News
Founder of Chicago beef shop that inspired 'The Bear' dies
Zucchero died unexpectedly at Rush Medical Center.
Business
Judges nixes shareholder claims against McDonald's directors
In October 2019, former CEO Steve Easterbrook was engaging in a prohibited relationship with a female subordinate. The board terminated Easterbrook “without cause,” allowing him to retain tens of millions of dollars in stock-based benefits and other compensation, while firing Fairhurst “for cause.”
Chicago Business
CVS spends $10.6B on Chicago-based Oak Street Health
The acquisition comes just three months after a nearly $9-billion investment by Deerfield-based rival Walgreens in VillageMD’s acquisition of Summit Health-CityMD. And that deal was announced two months after CVS said it would spend $8 billion to acquire home health care provider Signify Health.
Business
Boeing bids farewell to an icon, delivers last 747 jumbo jet
Since its first flight in 1969, the 747 has served as a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers, a transport for NASA's space shuttles, and the Air Force One presidential aircraft.
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.
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.
Business
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.