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A group of Sears creditors are challenging Chairman Eddie Lampert’s hedge fund’s winning $5.2 billion bid to buy the business in a bankruptcy auction and wants to air their grievances in court.
Eddie Lampert, the hedge fund owner who steered Sears into Chapter 11 bankruptcy protection in October, is aiming to keep open roughly 400 stores and preserve tens of thousands of jobs.
For most of us, the idea of taking as many paid vacation days as we want sounds like a dream. But reviews of unlimited PTO from the rank and file are not all raves.
Sears received another lifeline Tuesday when the company's chairman and largest shareholder promised to line up the necessary financing to keep the struggling department store chain afloat.
Mondelez says it signed a 15-year lease on a five-story office building under construction in the Fulton Market neighborhood that it expects to occupy in 2020.
Tech stocks led the dive Thursday on Wall Street after Apple reported a slowdown on iPhone sales in China. Economist Diane Swonk weighs in.
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An Australian commodities trader has pleaded guilty to manipulating market prices by placing orders in the millions of dollars on the Chicago Mercantile Exchange, then canceling them within milliseconds so that he could sell smaller orders at a profit.
After more than four decades, a beloved Rogers Park restaurant is shutting down – possibly for good – at the end of the year.
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The holidays are a popular season to bring home a pet, but that impulse can leave consumers vulnerable to a growing number of online scams, according to an alert issued this week by the Better Business Bureau.
The Federal Reserve hikes its benchmark interest rate for the fourth time this year, by one-quarter of 1 percent to 2.5 percent. We discuss the outlook for the markets and the economy.
The concept of pop-up businesses is not new, but a city initiative to regulate them is. We visit several Chicago pop-ups that are open for business in this new era of retail.
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The recent Marriott hotel data breach affected half a billion people. Who’s behind the attack, and what can we learn from it? We speak with Blase Ur, assistant professor of computer science at the University of Chicago.
The CEO of United Airlines says his pilots don't need any additional training on the new Boeing jet that is at the center of the investigation into a deadly crash in Indonesia.
As the end of the year approaches, it’s time to get your tax affairs in order. Two local tax experts offer their advice.
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After years of pressure from public health advocates, the Chicago-based burger chain announces a plan to reduce the use of antibiotics in its beef products.
Eddie Lampert and his ESL Holdings hedge fund are offering to buy the rest of Sears for up to $4.6 billion in cash and stock.
 

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