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Crain’s Headlines: Former Outcome Health Executive Ashik Desai Pleads Guilty
Ashik Desai, who was at the center of a fraud scheme at health care advertising firm Outcome Health, pleaded guilty Monday to wire fraud.
Crain’s Headlines: United CEO Oscar Munoz Stepping Down
United Airlines President Scott Kirby will take the reins in May, capping a turnaround effort at an airline that had become an industry laggard after a rocky merger with Continental Airlines as well as a national PR nightmare.
Crain’s Headlines: Whistleblower Suit Claims Navistar ‘Wildly’ Inflated Prices
Illinois-based truck and engine maker Navistar is accused of bilking the Pentagon out of almost $1.5 billion.
Crain’s Headlines: BMO to Cut Nearly 400 Chicago-Area Jobs
BMO Harris Bank is preparing to cut jobs as part of a companywide cost-savings push. Executives with BMO’s Toronto-based parent company announced the new cost cuts Tuesday as they posted the bank’s earnings for its fiscal fourth quarter.
Crain’s Headlines: Sprout Social Plans to Go Public
The Chicago-based maker of social media management software announced Monday that it aims to raise $156 million in an initial public offering of stock.
Crain’s Headlines: Shallow Growth in Chicago-Area Home Values
According to the S&P CoreLogic Case-Shiller index, single-family home values in the region grew by 0.6%, compared with the same period last year.
Crain’s Headlines: Charles Schwab Buying TD Ameritrade for $26B
The deal will reshape the retail brokerage business and also make TD Ameritrade founder and Cubs owner Joe Ricketts that much richer.
Crain’s Headlines: PepsiCo Signs 8-Year Lease for Old Post Office
Soft drink giant PepsiCo has officially joined the party at the Old Post Office. The company signed an eight-year lease to move its Chicago office and 1,300 employees late next year to the redeveloped building.
Crain’s Headlines: Tribune Stock Soars After Alden Global Purchase
Tribune Publishing stock soared as much as 15% Wednesday after Alden Global, a hedge fund known for making deep cuts to newsrooms, bought out Tribune’s largest stockholder.
Crain’s Headlines: Fresh Start for Iconic Cosmetics Brand Fashion Fair
A group of familiar faces has bought Fashion Fair out of bankruptcy for nearly $2 million. The iconic cosmetics brand designed for women of color is now owned by two former Johnson Publishing executives and the CEO of Magnetar Capital.
Crain’s Headlines: Lightfoot Dismantles Emanuel’s Infrastructure Trust
We’re still awaiting details on what’s going into Mayor Lori Lightfoot’s 2020 budget, but we know at least one thing that won’t be in it.
Crain’s Headlines: Sears Cutting Hundreds of Corporate Jobs
The layoffs at the retailer’s Hoffman Estates headquarters and at an office in San Francisco come just a week after Sears announced another wave of store closures
Crain’s Headlines: Abbott Labs CEO to Step Down in 2020
During his more than 20 years at the helm of Abbott Laboratories, Miles White transformed the North Chicago-based health-care products maker with a series of acquisitions and spinoffs.
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