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Crain's Chicago Business
McDonald's, United hit as CrowdStrike claims a fix is in place
Computer systems at businesses and public services around the globe were disrupted after a botched update of a widely used cybersecurity program took down Microsoft Corp. systems. Create your free account to continue reading. After more than a decade of work, the lab's Advanced Photon Source is 500 times brighter....
O'Hare grinds to a halt amid tech outage that goes far beyond airports
Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage kept aircraft on the ground and created chaos at airports just as the busiest summer vacation season gets underway. Subscribe and get unlimited access to Crain's Chicago Business. Even the industry’s largest players can't...
Sephora closing Water Tower Place store
Sephora will close its store in Water Tower Place at the end of July, becoming the latest in a series of tenants to leave the vertical mall as North Michigan Avenue contends with high retail vacancy. Subscribe and get unlimited access to Crain's Chicago Business. Rachel Herzog is a commercial...
Abbott weighs pulling premature-baby formula cited in suits
Abbott Laboratories is considering pulling infant formula for premature babies off the market, Chief Executive Officer Robert Ford said, amid investor concerns about lawsuits over its safety. Subscribe and get unlimited access to Crain's Chicago Business. Robert Ford contends plaintiff lawyers’ arguments are "without merit" and that eliminating Abbott’s products...
Meitheal buys rights to drug that can fight antibiotic-resistant strains
Meitheal Pharmaceuticals said it has acquired the North American rights to a novel antibiotic for treating complicated urinary tract infections. 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. The...
Lincoln Park Zoo Ball sets new fundraising record
More than 600 wildlife enthusiasts, animal advocates and supporters gathered at Lincoln Park Zoo on July 12 for the 47th annual Zoo Ball, themed “Wild Everest.” Hosted by the Zoo’s Women’s Board and co-chaired by members Jennifer Statler and Jessica Therivel, the event raised a record-breaking $1.7 million to support animal care, welfare, conservation and learning programs, as well as the maintenance of its 49-acre campus.
Opinion: There is no crisis with Chicago’s pension funds
There is no crisis with Chicago’s pension funds. Create your free account to continue reading. Billionaire Ken Griffin's gargantuan bid will tempt others to hunt for fossils. Illinois needs a better transit system. And we have a once-in-a-generation chance to get it right. After over 30 years of managing...
Union members assail Chicago Public Schools budget plan ahead of board vote
Create your free account to continue reading. How much money is flowing into Chicago’s 2024 school board elections?. A Chalkbeat analysis of campaign finance disclosures reveals who's put money into the races. Notably, the fundraising arms of some of the biggest players here have held their fire so far.
Ty Warner is rolling out another Beanie Babies spinoff
Ty Warner is rolling Beanie Babies into the ball business. 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 struggling department store chain is...
Report: US cannabis revenue softening
Despite softening sales, cannabis operators remain optimistic. Halfway through 2024, the cannabis industry in the United States appears to be softening. A new report from economist Beau Whitney of Whitney Economics reviewed the sales data for the first six months of the year and noted that the national sales figures are trending slightly lower than in the past.
The world's biggest bounce house is coming to the suburbs
A 24,000-square-foot bounce house, self-described as the world's largest, and a slew of other inflatable attractions are coming to the Chicago area this summer. 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...
Hyatt in advanced talks to buy Standard Hotels brand
Hyatt Hotels Corp. is nearing a deal to buy boutique hotel operator Standard International, continuing a run of acquisitions that has helped Hyatt add luxury properties in leisure destinations. Subscribe and get unlimited access to Crain's Chicago Business. AECOM is reducing its East Loop footprint by about 65%, adding to...
GE HealthCare looks to buy AI imaging business
GE HealthCare said today it plans to buy the clinical AI business of Intelligent Ultrasound Group for $51 million. 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. Perdoceo Education...
Engineering firm cutting office space, moving to Prudential Plaza
An engineering firm known for its consulting work on major infrastructure projects is moving its Chicago office to Prudential Plaza and reducing its East Loop workspace by about 65%, another example of the downsizing trend driving up local office vacancy. Subscribe and get unlimited access to Crain's Chicago Business. The...
On party infighting, Illinois’ new GOP chair says ‘start calling those people out’
MILWAUKEE – In the parlance of Washington D.C. Republican strategists, deep-blue Illinois is sometimes referred to as an “orphan” state – along with other Democratic strongholds like California, New York and Hawaii. Create your free account to continue reading. Mayor Brandon Johnson's administration did not disclose...
Amid baby formula trial, Abbott CEO defends products
Abbott Laboratories CEO Robert Ford adamantly defended the company’s premature-infant formula to investors amid an ongoing trial claiming the company concealed risks associated with the products. Subscribe and get unlimited access to Crain's Chicago Business. The results in medical devices, especially those used for patients with diabetes, helped ease...
City Council approves severance package for former chief procurement officer
Chicago’s City Council approved a severance package with the city’s former chief procurement officer today without disclosing the financial settlement used to grease her exit with 14 months left in her term. Subscribe and get unlimited access to Crain's Chicago Business. Justin Laurence is a reporter for Crain’s...
Chicago-area gas prices poised to rise in wake of this week's storms
Create your free account to continue reading. Jean-Francois Hould, the Quebec delegate in Chicago, sits down with Crain’s Chicago Business to discuss all manner of trade issues. Companies are posting fewer job openings this year and employees are quitting less as unemployment has begun creeping up from low levels.
Johnson withdraws plan to install progressive ally as zoning chair
Mayor Brandon Johnson backed off a plan today to ask the City Council to appoint his combative progressive ally Ald. Byron Sigcho-Lopez, 25th, as chair of the Zoning Committee. Subscribe and get unlimited access to Crain's Chicago Business. Justin Laurence is a reporter for Crain’s Chicago Business covering politics and...
Checking in on Chicago's 3 megaprojects: Crain's Daily Gist podcast
Crain’s commercial real estate reporter Rachel Herzog joins host Amy Guth to discuss where the city’s sprawling megadevelopments — Lincoln Yards, Bronzeville Lakefront and The 78 — stand years after they were approved. Plus: After pouring cold water on Bears stadium deal, Pritzker sits down with...
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