Boeing Co. said Monday that it has begun incorporating required changes to its long-delayed 787 Dreamliner to move the program toward certification this year by aviation authorities.
The work, to be done in San Antonio, includes installing electronic and mechanical equipment, software upgrades and testing systems. Get the full story »
The AFL-CIO Housing Investment Trust said on Monday it is investing $20 million to help finance the redevelopment of a landmark downtown building.
The trust said it purchased $20 million of taxable bonds as part of the financing package for the $148.2 million redevelopment of the Randolph Tower, a Gothic Revival-style skyscraper in the West Loop. Get the full story »
Workers at a Subway in Rosemont, Ill., April 8, 2010. (Lane Christiansen/Chicago Tribune)
It’s official: the Subway sandwich chain has surpassed Oak Brook-based McDonald’s Corp. as the world’s largest restaurant chain, in terms of units.
At the end of last year, Subway had 33,749 restaurants worldwide, according to a Subway spokesman, compared to McDonald’s 32,737. The burger giant disclosed its year-end store count in a Securities and Exchange Commission filing late last month. Get the full story »
After 18 months without a labor contract, Hilton workers in Chicago have voted to settle on a four-year contract that maintains benefits at current levels and offers modest raises.
Hilton is the first major hotel chain in Chicago to settle with the union in the heated negotiation process which has brought months of picketing, temporary strikes, demonstrations and boycotts to some of the largest hotels in Chicago. Get the full story »
From Bloomberg News | The U.S. Securities and Exchange Commission is about 400 employees short of what it needs to manage its current workload, according to a four-month internal review mandated by the Dodd-Frank Act.
A Giordano's at 1040 W. Belmont. (Brian Cassella/Chicago Tribune)
Giordano’s, the Chicago-based pizza chain that filed for bankruptcy last month, has hired the restructuring firm headed by Democratic party stalwart William Brandt.
On Wednesday, U.S. Bankruptcy Judge Eugene Wedoff will be asked to approve an agreement between Giordano’s Enterprises Inc. and Chicago-based Development Specialists Inc. (DSI)
Giordano’s and 32 affiliated companies filed for Chapter 11 bankruptcy on Feb. 17. Get the full story »
The U.S. Securities and Exchange Commission is investigating Northfield-based Kraft Foods Inc. for possible corruption at an Indian facility of its Cadbury unit, the company said in a regulatory filing.
Kraft, the marker of Maxwell House coffee, Oscar Meyer lunch meats and Velveeta cheese, received a subpoena from the SEC on February 1, the filing said. Get the full story »
Magnetar Capital, an investment management firm based in Evanston, said on Monday that James River Coal Co. has entered into an agreement to purchase International Resource Partners LP, a metallurgical and steam coal company based in West Virginia. Get the full story »
From Crain’s Chicago Business | College Illinois has the deepest shortfall of any state-sponsored prepaid tuition program in the United States and is putting more of participants’ college funds on riskier wagers to try to catch up. Get the full story>>
Data-gathering firms and technology companies are aggressively matching people’s TV-viewing behavior with other personal data — in some cases, prescription-drug records obtained from insurers — and using it to help advertisers buy ads targeted to shows watched by certain kinds of people.
At the same time, cable and satellite companies are testing and deploying new systems designed to show households highly targeted ads. The goal: Emulate the sophisticated tracking widely used on people’s personal computers with new technology that reaches the living room. Get the full story »
Oil prices rose to a fresh 2-1/2 year high early Monday, climbing above $106 a barrel, as the violence in Libya continues to unsettle the market. Get the full story »
Attention, beleaguered savers: Banks across the nation, including Bank of America Corp., Citigroup Inc. and Northern Trust Corp., are bumping up rates on longer-term certificates of deposit.
In general, rates had fallen since the financial crisis. “Last week was the first broad-based move higher in quite some time,” says Greg McBride, senior financial analyst at Bankrate.com. Get the full story »
After 27 months of legal wrangling, Tribune Co. and its creditors are finally headed into what could be the deciding chapter of the company’s tangled bankruptcy saga.
The case will enter what bankruptcy law practitioners call confirmation hearings Monday, and for the next two weeks U.S. Bankruptcy Judge Kevin Carey in Delaware will hear evidence from an army of lawyers arguing for and against two competing visions of how to restructure the Chicago-based media conglomerate.
The UAW says a majority of members at Caterpillar approved the new six-year contract in voting Sunday. The union did not provide specific numbers on how members voted. Get the full story »
