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Crain's Chicago Business
Activist targets Southwest CEO in $1.9 billion push
Elliott Investment Management called for new leadership at Southwest Airlines Co. and an overhaul of its business strategy after revealing a $1.9 billion stake in the US carrier. Subscribe and get unlimited access to Crain's Chicago Business. The airline plans to serve up targeted ads to its passengers and specific...
Chicago takes home one win at the James Beard Awards
Lula Cafe in the Logan Square neighborhood won the James Beard Award for Outstanding Hospitality, marking the only win for a Chicago nominee this year. Subscribe and get unlimited access to Crain's Chicago Business. The James Beard Awards are tonight. Here’s what to expect. Four Chicago restaurants and chefs...
Scotts Miracle-Gro sued over channel stuffing accusations
Florida retirees claim their investment in the company fell over false statements. A Florida retirement fund is suing Scotts Miracle-Gro (NYSE: SMG) and some of its executives over poor decisions that caused the value of the shares to fall damaging the group’s pension plan. The Hialeah Employees’ Retirement System is a benefit pension plan based in Hialeah, Florida filed a complaint last week in the Southern District of Ohio outlining the allegations of mismanagement at Scott’s. Scotts maintains its headquarters in Marysville, Ohio, which is situated in this District.
Biz leaders give Pritzker, legislators solid marks after spring session
A series of tax hikes aimed largely at business garnered headlines in the just-ended spring session of the General Assembly, with lawmakers imposing or extending roughly $900 million in levies. Subscribe and get unlimited access to Crain's Chicago Business. Banning post-primary slating in middle of an election cycle unconstitutional, the...
Hancock tower observation deck operator buys Signature Room space
The operator of the former John Hancock Center’s observation deck has purchased the top two floors of the iconic Chicago skyscraper. Subscribe and get unlimited access to Crain's Chicago Business. Rachel Herzog is a commercial real estate reporter for Crain’s Chicago Business. She joined Crain’s in 2023 from The...
WLS cuts Steve Cochran, local programming: report
WLS 890-AM has cut ties with its star morning radio personality Steve Cochran and canceled much of its programming, including "The Steve Cochran Show," "The Closing Bell" and "PM Chicago," according to Axios. Subscribe and get unlimited access to Crain's Chicago Business. Publicis media agency cuts ties with two of...
U.S. workers are returning to tough food-warehouse jobs after COVID lull
One of the largest food suppliers to American restaurants and hotels said workers are finally coming back into the labor force after the pandemic. Subscribe and get unlimited access to Crain's Chicago Business. James Beard-nominated chef Rodolfo Cuadros is trying out a millennial nostalgia-fueled concept. Chicago didn't crack the top...
Lawmakers call for Gotion ban
A group of Republican lawmakers called for the ban of leading Chinese battery suppliers that do business with Ford Motor Co. and Volkswagen, one of which is tied to a prominent Illinois battery plant project, a House committee announced. Subscribe and get unlimited access to Crain's Chicago Business. US Foods,...
United is making a digital-advertising push
Nothing sells like a captive audience, and United Airlines is betting that advertisers will want to pay to get in front of specific types of passengers when they’re looking at the carrier’s mobile app or seat-back TV screens. Subscribe and get unlimited access to Crain's Chicago Business. Co-led...
With latest deal, Cresset's assets pass $50 billion mark
Cresset Asset Management extended its acquisition spree, snapping up The Connable Office in a deal that will bring the Chicago-based wealth management firm’s assets under management to more than $50 billion. Subscribe and get unlimited access to Crain's Chicago Business. Mark Weinraub is a banking and finance reporter for...
Walgreens shelves plans for Boots IPO
Walgreens Boots Alliance Inc. has shelved plans for a potential initial public offering of Boots as it weighs its ownership of the UK drugstore chain, people with knowledge of the matter said. Subscribe and get unlimited access to Crain's Chicago Business. The coalition, including Illinois' Kwame Raoul, says consolidation in...
Editorial: A chance for Chicago to take the quantum crown
In reporting on the business world, one hears a lot about The Next Big Thing — and frequently those highly touted "next generation" ideas wind up being blips rather than game-changers. So it's wise to regard such assertions with a healthy degree of skepticism. Create your free account to...
A breakthrough gel may help people avoid diabetes after pancreas removal
A new antioxidant biogel being developed by Northwestern University researchers could help people living with chronic pancreatitis avoid developing insulin-dependent diabetes. This exclusive Health Pulse content is only available to Health Pulse subscribers. Get a full year of access to Health Pulse + all Crain's Chicago articles and special reports.
New Logan Square bar is an ode to the '90s and 2000s
A new cocktail bar that pays homage to the late '90s and early 2000s is now open in Logan Square. Subscribe and get unlimited access to Crain's Chicago Business. Chicago didn't crack the top 50, but one local entry landed on the 51-to-100 ranking. The neighborhood ice cream stand that...
Opinion: No, Draymond Green, Caitlin Clark doesn't need an 'enforcer'
Draymond Green, four-time National Basketball Association All-Star, was scrolling through his Instagram feed when he paused on an image of Indiana Fever’s Caitlin Clark and Chicago Sky’s Chennedy Carter, the guard who recently shoulder-checked Clark. Green, who knows a thing or two about knocking opposing players around, dropped...
AGs ask feds to increase scrutiny of private equity in health care
Illinois Attorney General Kwame Raoul and 10 other attorneys general are joining the chorus advocating to increase oversight of private-equity health care transactions. Subscribe and get unlimited access to Crain's Chicago Business. The deal will give the company cash. But founder Eric Lefkofsky isn't giving up control. The hospital system...
Judge blocks law that would have banned newly slated candidates from ballot
A Sangamon County judge on Wednesday blocked the Illinois State Board of Elections from enforcing a new law that would have prevented certain General Assembly candidates who didn’t run in the March primary from getting on the November ballot. Create your free account to continue reading. At 9 years...
The James Beard Awards are tonight. Here’s what to expect.
The 33rd annual James Beard Restaurant & Chef Awards are being held tonight at the Lyric Opera of Chicago, and four Chicago names are among the finalists. Subscribe and get unlimited access to Crain's Chicago Business. From grade school entrepreneur to private-equity exec to tequila train rider, Robert Finkel took...
Airline group aims to lure travelers by cutting transit hassles
Flying multiple airlines to get to your ultimate destination comes with a myriad of hassles. A global airline group led by American Airlines Inc. and British Airways is aiming to make airport transits more seamless for passengers. Subscribe and get unlimited access to Crain's Chicago Business. There is a lot...
How Illinois’ hands-off approach to homeschooling leaves children at risk
This article was produced for ProPublica’s Local Reporting Network in partnership with Capitol News Illinois. Create your free account to continue reading. The City Council Ethics Committee voted to expand an executive order banning lobbyists from contributing to Mayor Brandon Johnson and mayoral candidates. The parks will also have...
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