Chicagoland Business - Chicago Journal

Business

Walgreens, Florida settle opioid costs lawsuit for $683M

Walgreens, based in Deerfield, Illinois, said in a statement the company did not admit wrongdoing in the deal, during which $620 million will be paid to the state over 18 years and a one-time sum of $63 million for attorney fees.

Chicagoland Business

Facebook parent Meta expands Illinois data center in DeKalb

The company announced its initial plan for the DeKalb data center in June 2020, proposing an $800 million project with about 100 operational jobs. The expansion brings the total project cost to more than $1 billion and 200 operational jobs.

Chicagoland Business

Lake Forest's Tenneco to go private in $7.1 billion deal

The company employs 71,000 people at 260 sites worldwide and supplies markets including light vehicles, commercial trucks, motorsport, and the aftermarket.

Chicagoland Business

Indiana steel mill agrees to pay $3M, improve waste system

A steel company has agreed to pay $3 million and improve the wastewater system at an Indiana mill, more than two years after a discharge of ammonia and toxic chemicals killed fish and closed beaches.

Business

Chinese Telecom charged with conspiring with former Motorola employees to steal tech

The indictment alleges that China-based Hytera Communications Corp., Ltd., recruited and hired Motorola Solutions employees and directed them to take proprietary and trade secret information from Motorola without authorization.

Chicagoland Business

Caterpillar pushes through supply constraints in strong Q4

For the three months ended Dec. 31, Caterpillar Inc. earned $3.91 per share. Stripping out certain items, earnings were $2.69 per share, far exceeding Wall Street's per-share expectations of $2.23.

Chicagoland Business

Weber Grills apologizes for ill-timed meatloaf recipe

The company based in Palatine, Illinois, offered its condolences to Marvin Lee Aday's family and fans.

Business

Walgreens sees fiscal 1Q sales jolt from vaccinations and testing

Walgreens notched strong sales growth in the face of a number of challenges during the quarter including a spike in the theft of profitable beauty products, which company leaders attributed to organized crime rings.

Chicagoland Business

Sears to sell its suburban Chicago corporate headquarters

The campus had been home to Sears' corporate since 1992 and saw 4,000 daily employees as recently as 2017.

Environment

BP agrees to $500K penalty, soot limits at Indiana refinery

The refinery 15 miles (24 kilometers) southeast of Chicago converts around 440,000 barrels of crude oil daily into gasoline, other fuels and asphalt. It covers 1,400 acres in Whiting, East Chicago, and Hammond, Indiana.

Environment

Deal halts Rockford airport's work that threatens prairie and bumble bees

With construction scheduled to resume Nov. 1, the non-profit conservation group that cares for the Bell Bowl Prairie struck a deal to temporarily halt bulldozers ready to expand Rockford Airport.

Walgreens, Florida settle opioid costs lawsuit for $683M

Facebook parent Meta expands Illinois data center in DeKalb

Lake Forest's Tenneco to go private in $7.1 billion deal

Indiana steel mill agrees to pay $3M, improve waste system

Chinese Telecom charged with conspiring with former Motorola employees to steal tech

Caterpillar pushes through supply constraints in strong Q4

Weber Grills apologizes for ill-timed meatloaf recipe

Walgreens sees fiscal 1Q sales jolt from vaccinations and testing

Sears to sell its suburban Chicago corporate headquarters

BP agrees to $500K penalty, soot limits at Indiana refinery

Deal halts Rockford airport's work that threatens prairie and bumble bees

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