Business
For the last two years, Discount Mall has been in the middle of a battle between its vendors and property owner Novak Development. Now, half of the mall’s vendors have until the end of this month to pack up and leave.
Will County is home to the largest inland port in the United States, taking in an array of products that just about all of us depend upon. But serving as a major logistics hub has made its mark on the community: traffic jams, potholes, open land converted to warehouses.
The factory, which employs about 1,350 workers, officially was placed on “idle” Tuesday; that term means the company intends to shut down the plant. Belvidere’s future is likely to be an issue in national contract talks coming up with the United Auto Workers union, one that could bring a strike.
When the Black-owned hair care company Mielle Organics merged with P&G Beauty earlier this year, it sparked discourse in Black communities about the potential ripple effects that come as Black-owned businesses gain increased attention and support.
“Creating Black hair care products is important because I think most of the hair care on the market isn’t catered to us,” Vash Beauty Labs founder Karlene Davis said.
State labor officials are investigating an Illinois-based pharmaceutical company’s decision to abruptly close all of its operations, including its out-of-state locations in New Jersey, New York and Switzerland, and to lay off hundreds of workers with almost no warning.
Ratings agency S&P on Thursday moved Illinois’ bond rating up a notch, from BBB+ to A- on general obligation bonds. It’s the agency’s third upgrade since the summer of 2021.
The Bipartisan Policy Center, which forecasts the approximate “X-date” when the government will no longer be able to meet its financial obligations on time, said the U.S. will reach its statutory debt limit as soon as the summer or early fall of 2023.
The first installment of property owners’ 2022 tax bills will be due approximately a month later than usual because of delays last year, officials said.
The Chicago Bears are on the verge of leaving its home of 51 years, despite efforts by Mayor Lori Lightfoot to keep the team in Chicago.
The administration is linking with additional partners like car rental company Hertz and BP gas stations to bring EV fast charging infrastructure to locations across America, including major cities such as Atlanta, Austin, Boston, Chicago, Denver, Houston, Miami, New York City, Orlando, Phoenix, San Francisco and Washington, DC.
“As you look across the country, there’s no other place that’s been able to secure as much funding as we have for the energy and equity project,” says Skyler Larrimore, chief of policy at the city of Chicago.
The Greektown workers’ announcement comes on the heels of Starbucks workers at Old Orchard Mall in Skokie and the location near Main Street and Chicago Avenue in Evanston voting last month in favor of joining Starbucks Workers United, an SEIU affiliate.
Consumer prices climbed 6.4% in January from a year earlier, down from 6.5% in December. It was the seventh straight year-over-year slowdown and well below a recent peak of 9.1% in June. Yet it remains far above the Federal Reserve’s 2% annual inflation target.
Improvements to the mall are planned, including new roofs and facades, parking lot resurfacing, new landscaping, new lighting and an underground storm water detention system.
Some South Shore residents have been without heat and hot water. Organizers said the situation highlights concerns over possible displacement and rising housing costs caused by the coming Obama Presidential Center, just blocks away.