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ADM scraps ventures with LG Chem as construction costs rise
Agricultural giant Archer-Daniels-Midland Co. has halted its joint ventures with LG Chem Ltd. to make materials for plant-based products such as bioplastics due to high costs. Subscribe and get unlimited access to Crain's Chicago Business. It's another reminder that production of its cash-cow jetliner faces a long road to recovery.
Editorial: A real strategy to deal with city's gun violence can't come soon enough
Even for a city used to routine headlines on gun violence, a bloody Fourth of July weekend that saw more than 100 people shot and at least 17 killed, including two women and an 8-year-old boy, left Chicagoans shocked. Subscribe and get unlimited access to Crain's Chicago Business. No matter...
S.K.Y. restaurant leaving Pilsen for the North Side
One of Pilsen's highest-rated restaurants is packing its bags for a new Chicago home. Subscribe and get unlimited access to Crain's Chicago Business. Jack Grieve is a Crain’s reporter covering the news people are talking about, from Chicago and West Michigan to Cleveland, Detroit and New York. The 10,000-square-foot...
AbbVie puts Rinvoq up for new FDA approval
AbbVie said today it has submitted applications for a new indication for its immunology drug Rinvoq to the U.S. Food & Drug Administration and European Medicines Agency to treat adult patients with giant cell arteritis. This exclusive Health Pulse content is only available to Health Pulse subscribers. Get a full...
Johnson to make 2 zoning board nominations, including former Ald. Helen Shiller
Mayor Brandon Johnson plans to introduce two nominees to the Zoning Board of Appeals panel for City Council approval, including longtime former Uptown Ald. Helen Shiller after a previous nominee was nixed. Subscribe and get unlimited access to Crain's Chicago Business. Justin Laurence is a reporter for Crain’s Chicago Business...
Boeing warns customers of further 737 Max delays amid crisis
Boeing Co. has notified some 737 Max customers in recent weeks that aircraft due for delivery in 2025 and 2026 face additional delays, another reminder that production of its cash-cow jetliner faces a long road to recovery. Subscribe and get unlimited access to Crain's Chicago Business. The funding is expected...
AT&T customer calls, texts breached in massive hack
The Federal Communications Commission said it was investigating a massive hack of AT&T Inc. customer data that included records of calls and texts for nearly all of its mobile-phone users for a six-month period in 2022, one of the biggest breaches of private communications data in recent memory. Subscribe and...
Bally's lands nearly $1B in casino financing in exchange for future ownership
Bally's has lined up $940 million in financing to build a massive casino and hotel complex along the Chicago River, a deal that hands future ownership of the property to a real estate investment trust but clears a major hurdle that sets the project on track for a 2026 debut.
Former home of Isley Brothers' Rudolph Isley and R. Kelly takes $1M in price cuts
The mega-mansion in Olympia Fields where, at different times, Rudolph Isley of the Isley Brothers musical group and the now-imprisoned recording artist R. Kelly have both lived has taken $1 million in price cuts since hitting the market in January. Subscribe and get unlimited access to Crain's Chicago Business. The...
Jimmy Butler, Roquan Smith and Chase Rice opening live music venue in River North
Former Chicago Bulls forward Jimmy Butler, former Chicago Bears linebacker Roquan Smith and popular country music singer-songwriter Chase Rice are among the investors bringing a new 10,000-square-foot entertainment venue to Chicago's River North neighborhood. Subscribe and get unlimited access to Crain's Chicago Business. Jack Grieve is a Crain’s reporter covering...
Look inside a Gold Coast penthouse hitting the market next week at $10.8 million
A penthouse condo on Elm Street with an elegant interior and terraces facing all four directions is going up for sale July 15 at $10.8 million. Subscribe and get unlimited access to Crain's Chicago Business. The mega-mansion in Olympia Fields has taken $1 million in price cuts since hitting the...
UI Health names permanent CEO
The University of Illinois Hospital & Clinics at UIC, or UI Health, announced today that its interim CEO Dr. Mark Rosenblatt will assume the role on a permanent basis. Subscribe and get unlimited access to Crain's Chicago Business. Kathy Kelly is responsible for all strategic planning, finances, operations and personnel...
Kindred appoints CEO for its 4 Chicago hospitals
Kindred Hospitals of Chicago, a specialty acute care hospital operator, named a new CEO responsible for four local sites. Subscribe and get unlimited access to Crain's Chicago Business. Dr. Mark Rosenblatt will stay in the top role after stepping in on an interim basis since September 2023. Dr. William Shrank,...
Aon taking on tricky businesses with insurance deals for Ukraine, hydrogen developers
Insurance industry giant Aon’s latest projects are seeking to add a degree of certainty to businesses looking to take on projects in uncertain fields. Subscribe and get unlimited access to Crain's Chicago Business. Mark Weinraub is a banking and finance reporter for Crain’s Chicago Business. He joined Crain's in...
Stephen Ross stepping down at The Related Cos.
Stephen Ross is stepping down as chairman of The Related Cos., the parent of Chicago-based developer Related Midwest, to focus on business in Florida, according to The Wall Street Journal and an internal company memo obtained by Crain's New York Business. Subscribe and get unlimited access to Crain's Chicago Business.
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