Chicago Tribune : Business (30)

Medicaid expansion could end early in Illinois under Senate Obamacare replacement bill

Many low-income adults across the nation could lose Medicaid expansion coverage under the Senate's Obamacare replacement bill — but in Illinois those losses could come three years earlier because of a state law. About 650,000 Illinois residents could lose their Medicaid expansion coverage in ...

No little plans: More than $20 billion of megaprojects in Chicago's pipeline

Fifteen years after launching its Lakeshore East development on the site of a former nine-hole golf course, Magellan Development Group is in the early stages of building the real estate equivalent of a hole-in-one. The 94-story Vista Tower condominium and hotel building, which will be the city's...

Facebook CEO talks of family, puppy and new corporate mission

Dressed in his signature solid-color T-shirt and jeans, Facebook CEO Mark Zuckerberg came to Chicago on Thursday and outlined the start of a new chapter in the social network's life. Before describing his plan during a West Loop conference for a few hundred invited Facebook devotees, Zuckerberg...

40 years after Sears left Homan Square, catalog building gets second life

A national nonprofit housing developer is aiming to bring new life into a North Lawndale community plagued by poverty and crime by transforming the former Sears, Roebuck & Co.'s catalog printing facility into 181 loft-style affordable apartments. Mercy Housing Lakefront's $65 million project ...

United Airlines to serve Chicago-style pizza from Uno's on long flights

United Airlines will be making pizza deliveries above 30,000 feet starting next month — but sorry, New Yorkers, the airline is sticking to its hometown deep-dish. The pizzas — personal spinach-and-garlic pies from Uno Pizzeria & Grill — are among a handful of additions to the menu of ...

Will 'power hungry' Amazon get too big for its own good?

Ever since Amazon made its blockbuster bid for Whole Foods last week, there's been speculation over what the e-commerce powerhouse is going to try and buy next. Chicago-based Grubhub, the online restaurant delivery service? Nordstrom department stores? Maybe it doubles down and buys another ...

Kalanick's ouster as Uber CEO began with a letter hand delivered to his Chicago hotel

As Travis Kalanick was in Chicago interviewing a candidate to be his deputy at Uber Technologies Inc., two investors were on a plane to deliver the news that they wanted the chief executive officer gone. Matt Cohler and Peter Fenton, partners at venture capital firm Benchmark, hand-delivered a...

WhoaZone, 'Ninja Warrior' for water lovers, to open on Lake Michigan

Whiting, home of the Midwest's largest oil refinery, has a new claim to fame: home of the Midwest's largest floating playground. WhoaZone at Whihala Beach, just over the Illinois-Indiana border and about 20 miles south of downtown Chicago, brings an inflatable obstacle course to Whiting's slice...

United Airlines to begin serving up Uno's Chicago-style deep-dish pizza in July

United Airlines will be making pizza deliveries above 30,000 feet starting next month — but sorry, New Yorkers, the airline is sticking to its hometown deep-dish. The pizzas — personal spinach-and-garlic pies from Uno Pizzeria & Grill — are among a handful of additions to the menu of ...

Will antitrust concerns trip up Amazon's race to the top?

Ever since Amazon made its blockbuster bid for Whole Foods last week, there's been speculation over what the e-commerce powerhouse is going to try and buy next. Chicago-based Grubhub, the online restaurant delivery service? Nordstrom department stores? Maybe it doubles down and buys another ...

Former Chicago architecture student says firm stole One World Trade Center design

A Georgia architect is suing the designers of the One World Trade Center tower in New York City, alleging the firm copied a building design he made years ago as a graduate student in Chicago. One World Trade Center, designed by Skidmore, Owings & Merrill and built on the site of the fallen twin...

As Uber CEO Travis Kalanick forced out, Chicagoans ponder company's future

Chicago tech personalities toasted Uber and its CEO Travis Kalanick when it expanded here in 2011. Now, Kalanick has stepped down under board and public pressure, which some locals agree was the right move for a company trying to save its image. Kalanick was in Chicago Tuesday night when he ...

Keeping CEO job was 1 fight too many for Uber's Kalanick

Under Travis Kalanick's leadership, Uber's "Animal House"-style business plan was to grow as quickly as possible, steamrolling regulators while flouting the rules of workplace conduct. Behavior at the male-dominated company didn't seem to matter. Riders embraced the app-based ride-hailing system...

WhoaZone, a huge floating water playground, to open in Whiting

Whiting, home of the Midwest's largest oil refinery, has a new claim to fame: home of the Midwest's largest floating playground. WhoaZone at Whihala Beach, just over the Illinois-Indiana border and about 20 miles south of downtown Chicago, brings an inflatable obstacle course to Whiting's slice...

Mount Sinai Hospital to end pediatric trauma, inpatient services

Mount Sinai Hospital, which serves many low-income patients on the city's West Side, plans to stop offering pediatric trauma and inpatient care in the coming months. The move comes as a number of Chicago-area health care providers in recent years have cut back on pediatric inpatient services. ...

Uber CEO Travis Kalanick resigns under investor pressure

Travis Kalanick, the combative and embattled CEO of ride-hailing giant Uber, has resigned under pressure from investors at a pivotal time for the company. Uber's board confirmed the move early Wednesday, saying in a statement that Kalanick is taking time to heal from the death of his mother in...

Boeing admits its 747 'Queen of the Skies' has no future as passenger plane

Boeing finally conceded publicly Tuesday that while the all-cargo model of its 747 jumbo jet will continue to sell, the longtime “Queen of the Skies” has no future as a passenger plane. Differing sharply with the outlook from rival Airbus, Boeing expressed extreme doubt about the entire ...

Car dealership duped elderly woman into buying car she didn't want: lawsuit

June Shivers took her 2005 Lincoln LS, which was fully paid for, to a Blue Island car dealership in September to get it serviced. When the 85-year-old Chicagoan left the lot, she was driving a used 2014 Ford Fusion and was on the hook for monthly payments of $398 over six years. How that ...

Speculation grows that Amazon will face a rival bidder for Whole Foods

Amazon.com’s plan to buy Whole Foods Market sparked an avalanche of discussion about how the online retail giant could transform the U.S. grocery industry in the years ahead. But Amazon’s $13.7-billion deal might not be the last word on the merger itself. Wall Street signaled Monday ...

Group led by former Chicago alderman bids to buy the Sun-Times

An investor group led by former Chicago Ald. Edwin Eisendrath and the Chicago Federation of Labor submitted a bid Monday to buy the Chicago Sun-Times. The group beat a 5 p.m. Monday deadline requiring a letter of intent, supporting financial documentation and an operating plan to run Chicago's...

Social clubs wooing young members make updates and even - gasp - allow denim

Those who have made the mistake of wearing jeans to the Union League Club of Chicago know the indignity of being forced to don a pair of ill-fitting, club-issued knit slacks.Now the 138-year-old private business club is loosening its collar a bit as it and other old-line clubs make efforts to be...

University of Chicago Medicine will remain in UnitedHealthcare's network

University of Chicago Medicine and insurer UnitedHealthcare have reached a contract agreement that will keep the academic medical system and its doctors in the insurer's network. The agreement will spare about 8,000 patients from having to either switch doctors or pay significantly more for care....

Blue Cross working to return to Illinois Obamacare exchange next year

Illinois' largest health insurer, Blue Cross and Blue Shield of Illinois, is taking steps to return to the Obamacare exchange next year despite uncertainty over the fate of the health care law. The news comes as some insurers in other parts of the country pull out of the marketplace for 2018. In...

Uber can't ride out any more big mistakes

As ride-sharing ballooned in popularity throughout the Chicago area and the rest of the world, it wasn't always easy to tell the difference between its two large players, Uber Technologies and Lyft.Now it's simpler: Uber is the one that keeps getting into trouble.Yet after suffering nearly six...

Tribune Media sells most of its CareerBuilder stake to investor group for $157M

Tribune Media and its media partners are selling their majority interest in the job site CareerBuilder to an investor group headed by Apollo Global Management. The deal, announced Monday, will pay Chicago-based Tribune Media $157 million while reducing its stake in CareerBuilder from 32 ...

Remember when Amazon only sold books?

A look at Amazon's history.

Social clubs wooing young members make updates and even - gasp - allow denim

Those who have made the mistake of wearing jeans to the Union League Club of Chicago know the indignity of being forced to don a pair of ill-fitting, club-issued knit slacks. Now the 138-year-old private business club is loosening its collar a bit as it and other old-line clubs make efforts to...

Vista Tower lands record $700 million construction loan from Chinese bank

Vista Tower will be Chicago's third-tallest building when it's completed in 2020, but the ultraluxury condominium and hotel tower is already No. 1 in another category: the size of its construction loan. The 94-story tower's developers have borrowed $700 million from a Chinese bank in what is ...

The modern food court: Food halls to grow sharply in Chicago

Chicago has always been a food town. Now, it's becoming a food hall town. Food halls — the modern, upscale, urban reincarnation of the humble mall food court — have opened in the Loop and nearby neighborhoods in recent years, and experts say their growth in the Windy City has just begun. ...

With Whole Foods buyout, Amazon shakes, rattles and rolls

Amazon, kingpin of the industry disruptors, is rattling the grocery business like never before with its estimated $13.7 billion acquisition of Whole Foods. The deal, which woke up Wall Street on what was expected to be a sleepy Friday morning, will not only ripple through the supermarket ...