TribLocal | It appears the Gas City stations in the area could become Speedway or Circle K stations.
According to multiple reports citing bankruptcy court records, Speedway LLC and Canada’s Alimentation Couche-Tard Inc., the owner of Circle K, will purchase 32 of the 50 stations owned by Frankfort-based Gas City Ltd.
Wal-Mart Stores Inc. is in talks to open a Walmart Express convenience store in River North, according to real estate sources.
The world’s largest retailer is eyeing a location at 225 W. Chicago Ave. at the corner of Franklin Avenue, which formerly housed Pearl, the discount art supply store. Get the full story »
Chicago-based steel manufacturer A. Finkl & Sons Co. will invest $150 million to build a manufacturing campus on the South Side, backed by $30.3 million in subsidies from the city of Chicago and Illinois. Get the full story »
Lake Forest-based Wintrust Financial Corp., which operates 15 community banks in the Chicago and Milwaukee areas, said its mortgage unit has acquired certain assets and liabilities of River City Mortgage LLC. Get the full story »
Motorola Solutions Inc. and Huawei Technologies Co. said Wednesday they have agreed to settle all pending litigation between the companies. Get the full story »
Jimmy Jellinek in 2010. (Chicago Magazine)
Playboy Enterprises on Wednesday sought to downplay speculation that its headquarters were headed for the West Coast, despite the fact that its editorial director is moving there.
Jimmy Jellinek, editorial director and chief content officer, posted on Facebook this morning that he was moving to Los Angeles in August. Shortly thereafter, the post was taken down, according to Time out Chicago. Get the full story »
Even as Commonwealth Edison fights in Springfield for legislation that would set utility rates by formula and sharply undercut the authority of the Illinois Commerce Commission, at home, that same regulatory body is undercutting ComEd in its battles for rate increases.
Administrative law judges recommended that Commonwealth Edison Co. be allowed a rate increase of about 3 percent, or $166 million, less than half what the Chicago-based utility requested last June. Get the full story »
Major U.S. banks and thrifts filed foreclosures with improper documentation and lacked sufficient staff to properly handle distressed borrowers, federal bank regulators said Wednesday as they ordered lenders to overhaul their foreclosure processes. Get the full story »
ORLANDO — A 2-year-old boy was accidentally served sangria instead of orange juice at a Lakeland Olive Garden last month, prompting Orlando-based Darden Restaurants to caution its employees to be more careful with alcoholic drinks.
Earlier this week, a toddler was mistakenly given a small amount of alcohol at a Detroit-area Applebee’s restaurant — because a mixed drink was mislabeled as apple juice. Get the full story »
Sen. Dick Durbin, left, has criticized JPMorgan Chase CEO Jamie Dimon for his bank's swipe fees, among other issues. (Michael Tercha/Chicago Tribune; Bloomberg News)
JPMorgan Chase CEO Jamie Dimon, who is critical of a key provision in the financial reform law, has been taken to task by U.S. Sen. Dick Durbin (D.-Ill.) in a scathing letter.
“There is no need for you to threaten your customers with higher fees when you and your bank are already making money hand-over-fist,” Durbin wrote to Dimon about the threat of higher debit card fees. “And there is no need to make such threats in response to reform that simply tries to spare consumers from bearing the cost of interchange fees that are anticompetitive and unreasonably high.” Get the full story »
Chicago Sun-Times film critic Roger Ebert, WTTW-Ch. 11 reporter Elizabeth Brackett and former Chicago Tribune correspondent Richard C. Longworth will be honored as lifetime achievement award winners next month’s Peter Lisagor Awards dinner, the Chicago Headline Club has announced.
Kenya Airways has chosen Boeing Co. for the supply of new aircraft, the airline’s publicity agent said on Wednesday. Get the full story »
U.S. agribusiness and trading giant Cargill said on Wednesday its quarterly earnings rose 30 percent, lifted by its grain processing business. Get the full story »
Bottles of Jim Beam bourbon sit on a shelf in a liquor store in Deerfield, Illinois, U.S., on Nov. 1, 2010. (Tim Boyle/Bloomberg)
Fortune Brands Inc. plans to pour money into marketing its liquor brands like Jim Beam and Maker’s Mark as it prepares to become a standalone spirits company.
A top executive also says it will keep an eye out for potential acquisitions. Get the full story »
Audio equipment businessman Sidney Harman, who bought Newsweek magazine last year and oversaw its merger with The Daily Beast, has died in Washington. He was 92.
