Chicago Tribune : Business (34)

Ballast Point plans to open Fulton Market brewpub next year

Ballast Point, the San Diego-based brewery known for Sculpin IPA and Grapefruit Sculpin, plans to open a brewpub in Chicago's booming Fulton Market district early next year. Ballast Point intends to open a 12,000-square-foot "research and development" brewery, restaurant and a rooftop bar on ...

What Trump's attacks on Sessions can teach employees dealing with aggressive bosses

If you're feeling beaten down by a boss who's demeaning you in front of others, it's all about picking your battles and knowing where your power lies. It's a scenario the world has watched play out this week as President Donald Trump publicly criticized Attorney General Jeff Sessions. Trump has...

Back-to-school shopping: Where online can't compete with the in-store experience

Dread might be too strong a word. But Kate Hunt's feelings about back-to-school shopping aren't far from those of kids who soon will have to give up lazy afternoons at the pool for long hours in the classroom. The supply lists her first- and third-grade sons' school sent home were simultaneously...

Rebranding of Public hotel brings back part of famed name: Ambassador

When Ian Schrager bought the landmark Ambassador East hotel in Chicago's Gold Coast neighborhood in 2010, the plan of the New York City nightclub owner turned hotelier and real estate developer was to restore the hotel to its original glamour with a modern touch. The restoration and renaming to...

United, Frontier airlines feuding over Denver airport and flyers may win

All is not quiet on United Airlines' western front as the carrier gears up to protect its most profitable hub, Denver International Airport. United will be pushing back on the encroaching Frontier Airlines, an ultralow-cost rival that's based at the Denver airport and has expansionary ambitions...

Glenview appliance giant Abt opens Dylan's Candy Bar

For more than 80 years, Abt has built its reputation by offering sweet deals on major appliances. Now the Glenview-based retailer is offering deals on sweets. In an unusual partnership, Abt recently opened a licensed Dylan's Candy Bar boutique inside its 350,000-square-foot appliance store, ...

iPhone-maker Foxconn to open Wisconsin plant expected to create as many as 13,000 jobs

President Donald Trump said Wednesday that electronics giant Foxconn will build a $10 billion factory in Wisconsin that's expected to initially create 3,000 jobs, the largest economic development project in state history. The announcement comes at a critical juncture for a Trump ...

United sued after giant rabbit died on London-to-Chicago flight

A group of Iowa businessmen filed a lawsuit Wednesday against United Airlines over the death of Simon, a giant rabbit whose lifeless body was discovered in a kennel after a flight from London to Chicago. The lawsuit comes as United struggles to repair its image after a string of events, including...

Friday flight could be the last stop in Chicago for United's 747 fleet

United Airlines is giving Chicagoans nostalgic for the heyday of the Boeing 747 another chance to take a flight on the aircraft before it makes its final United flight later this year. Chicago-based United still has 14 747s in operation that typically only fly from San Francisco to a handful of...

Smart thermostats are tough sell, but ComEd hopes rebates boost interest

In the age-old battle over who controls the temperature setting, smart thermostats would seem an intelligent alternative: Let the internet-connected device make automatic adjustments and pocket some savings in the process. But at $250 per unit for leading models, most consumers aren't buying ...

Green screens, animation and voice-overs: Designing modern slot machines

Playing the slots while on the job is frowned upon in most professions, but at Everi, it's a requirement. The Las Vegas-based slot machine-maker has a development center in an office in the West Loop Gate neighborhood. About 50 employees keep their creative juices flowing with a game-filled ...

Lincoln Park building loses Zuckerberg-backed AltSchool, adds Amazon

A private school backed by Facebook founder Mark Zuckerberg has called off plans to open in Lincoln Park this fall, but the building's owner is adding another big technology name: Amazon.AltSchool said it will not open its first elementary school in the Midwest in a two-story building at Clark...

Glitches in transfer of 529 college savings plans are resolved, state says

The Illinois treasurer's office now says that transferring the state's 529 Bright Start college savings plan to a new administrator resulted in technical problems that kept families from accessing their accounts. But all glitches have been repaired, said Paris Ervin, spokesman for Treasurer ...

Time to OK Chinese investors' controversial Chicago Stock Exchange deal

The time has come for federal regulators to approve a small but highly controversial local business deal — the purchase of the Chicago Stock Exchange by Chinese-led investors. By early August, the Securities and Exchange Commission is expected to rule on the proposed transaction, valued by ...

Employers praise extra H-2B visas; critics say foreign workers take American jobs

When Ruben Chavez's landscaping company needed extra manpower this summer to lay patio and driveway pavers, it applied to hire temporary foreign workers through the government's controversial H-2B visa program. But the annual cap for such visas had been reached and the application was denied. ...

Portillo's confirms second Twin Cities location, planning a third

Portillo's, slinger of Chicago-style dogs, is plotting a third location in Vikings country as it continues its steady, deliberate expansion since selling to a private equity firm in 2014. Earlier this month, the Oak Brook-based chain also known for Italian beef and chocolate cake shakes opened...

Chicago-area home sales lose momentum

The momentum Chicago-area housing sales had earlier this year has faded. In June, 14,052 homes were sold in the Chicago area, just a 1 percent gain over a year earlier. Just a few months ago, the metro area was posting double-digit sales increases. In the city, June sales were down 1.7 percent...

Billionaire Dan Gilbert apologizes for Detroit billboard: 'We screwed up'

A Sunday-night Facebook post signed by billionaire businessman Dan Gilbert announced that his organization “screwed up badly” when posting a sign in downtown Detroit that said, “See Detroit like we do.” Filling windows along a building’s ground level, the sign featured the ...

German carmakers colluded on diesel controls, technology for decades: report

Another week, another scare from the German car industry. What began with Daimler's massive recall of more than 3 million diesel cars to lower their emissions, ended on Friday with Audi also embarking on a voluntary recall of 850,000 vehicles. Adding to the spate of bad news was a report in Der...

Trump picks wrong side in battle over 'Bank of Boeing'

There's a battle looming over the "Bank of Boeing," with President Donald Trump squaring off against the business community, including some Illinois-based companies. The "Bank of Boeing" is what critics sneeringly call the Export-Import Bank of the United States, a federal agency that provides...

Two years in, happy hour hasn't delivered on its revenue promises

Bringing happy hour back to Illinois was billed as a needed boost to the hospitality industry that would result in more revenue for the state and local municipalities. But two years after the popular drink specials were legalized in Illinois after a 26-year absence, the law has been more ...

Cook County pop tax still on hold, but ruling coming next week

Cook County's sweetened beverage tax will remain on hold at least another week. Cook County Circuit Judge Daniel Kubasiak said Friday that he would rule July 28 on the county's motion to dismiss a lawsuit challenging the penny-per-ounce charge, which was set to take effect July 1. The Illinois...

Some Illinois families struggle to access 529 college savings in wake of change

A change in the administrator running Illinois' Bright Start 529 college savings plan left some families unable to access their college savings quickly, but the state says there were no technical glitches.Typically, participants can go online and have money routed automatically from their 529 ...

Despite growth of streaming, Redbox CEO sees future in DVD rentals

Redbox DVD rental kiosks, a seeming throwback to a simpler technological time when videos were something you held in your hand and late fees loomed over your head, are mounting a comeback. Last year, Redbox removed nearly 1,000 of its kiosks amid slumping sales and increasing digital competition,...

Sears partners with Amazon to sell Kenmore appliances

Strugging Sears is looking for help from the company that's responsible for much of the retail industry's woes: Amazon. The embattled retailer announced Thursday it will begin selling its full line of Kenmore appliances on Amazon, significantly expanding distribution of a brand that, until now,...

Why black homeownership rates lag even as the housing market recovers

A decade after the housing crash destroyed the American Dream for millions of homeowners, black homeownership rates have dropped to levels not seen since the 1960s, hobbling African-Americans' efforts to build their wealth.Nationally, only 42.2 percent of blacks owned homes in 2016, compared with...

Two years in, happy hour in Illinois stirs mixed results

Bringing happy hour back to Illinois was billed as a needed boost to the hospitality industry that would result in more revenue for the state and local municipalities. But two years after the popular drink specials were legalized in Illinois after a 26-year absence, the law has been more ...

Amazon's newest partner: Sears

Strugging Sears is looking for help from the company that's responsible for much of the retail industry's woes: Amazon. The embattled retailer announced Thursday it will begin selling its full line of Kenmore appliances on Amazon, significantly expanding distribution of a brand that, until now,...

Illinois unemployment rate up slightly despite job growth

Illinois job growth is on the upswing, but the unemployment rate rose slightly to 4.7 percent in June and the size of the labor force continues to decline. The state added 8,600 jobs in June, including 900 in manufacturing. Most of the growth was in professional and business services, leisure and...

Mariano's, Kimpton Hotels sued over alleged collection of biometric data: 'It's something very personal'

Punch clocks, key codes and ID-badge swipes — they're all so 2010. A new twist on tracking employee hours or providing access to sensitive work areas relies on biometrics. That's technologyspeak for distinguishing physical characteristics such as fingerprints, palm prints, iris scans and DNA. ...

Harley-Davidson on a bumpy ride with motorcycle-averse millennials

Millennials and motorcycles don't mix. Young adults, who have traditionally been the prime bike buyers, are now forsaking motorcycle ownership. When it comes to hitting the open road, they're more inclined to hail a ride-sharing car service or hop on a Divvy bicycle. The down-shifting in ...

At O'Hare, some passengers undergo face scans in test of security program

Starting this month, passengers on some international flights from O'Hare airport have been getting their pictures taken before boarding as part of a new U.S. security program that utilizes facial-recognition technology.The program, run by U.S. Customs and Border Protection, aims to ensure the...

Uber app now allows wheelchair users to summon rides

After facing lawsuits across the country over a lack of wheelchair-accessible rides, Uber is announcing Thursday that Chicago passengers with disabilities can now use the ride-sharing company's app to find a lift.Uber's handicapped-accessible vehicles had previously only been available in Chicago...

If flood insurance program lapses, it’ll be ‘total chaos,’ warns official

As the floodwaters that inundated northern Illinois last week start to recede, the nation's main flood insurance program is facing potential changes that could hit residents with increased premiums. The National Flood Insurance Program, which the Federal Emergency Management Agency administers,...