Chicago 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.
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.
United pilots reject contract offer as they push for raises
The deal would have given pilots raises of nearly 15% over 18 months, according to the union. The Air Line Pilots Association said Tuesday that 94% of the nearly 10,000 United pilots who took part voted against United's most recent contract offer.
McDonald's Q3 sales boosted by higher prices, promotions
Higher prices and general unease about the economy didn't keep customers away from McDonald's in the third quarter, with the burger giant reporting a stronger-than-expected sales and profits.
United Airlines reaps $942 million profit on strong summer
United Airlines earned $942 million in the third quarter as vacationers paid higher fares and packed planes over the summer, and the airline offered an upbeat forecast of late-year earnings.
United Airlines starts early on summer 2023 plans for Europe
Buoyed by full planes across the Atlantic this summer, United Airlines is planning another increase in its summer service from the United States to Europe next year.
Tyson Foods consolidates corporate offices, leaves Chicago
One of the world's largest meat producers said Wednesday that corporate staff at its Chicago and Downers Grove, Illinois, locations and Dakota Dunes, South Dakota, office will begin relocating early next year.
Walgreens to buy remainder of Shields Health for $1.4B
The drugstore chain hopes to close on the remainder of the company by the end of the year. Walgreens started building a minority investment in the privately held Shields in 2019 and that stake reached about 70% last year.
United makes 'conditional' order for electric air taxis
The Chicago-based airline said Thursday that it invested $15 million in a startup manufacturer and signed a “conditional” agreement to buy 200 of the tiny aircraft with options for 200 more.
United Airlines lifts 3Q revenue estimate after busy summer
United Airlines said Wednesday that third-quarter revenue will be higher than it had expected due to strong summer travel demand, and the upbeat outlook helped push airline stocks higher.
