Stories by WTTW News
Crain’s Headlines: Boeing CEO Dennis Muilenburg Ousted
After months of bad PR, public floggings on Capitol Hill and a global grounding of the most important model in its commercial aviation fleet, Boeing has given CEO Dennis Muilenburg his walking papers.
Crain’s Headlines: Irish Plane Lessor Sues Boeing Over 737 Max
Boeing’s 737 Max headaches continued Wednesday with news that an Irish company that buys and leases airplanes is suing the Chicago-based aerospace giant.
Crain’s Headlines: Blue Cross Parent Company Cuts Dozens of Jobs
Crain’s has learned that Health Care Service Corporation, the parent of Blue Cross and Blue Shield of Illinois, is cutting dozens of employees from its staff.
Crain’s Headlines: Boeing to Temporarily Halt 737 Max Production
Bloomberg reports that Boeing will temporarily halt production of its grounded 737 Max jetliner next month, according to a person familiar with the matter.
Crain’s Headlines: 4 South Side Hospitals in Consolidation Talks
Plans are afoot to consolidate financially struggling hospitals that serve Chicago’s poorest residents on the South Side.
Crain’s Headlines: FAA Chief Says 737 Max Won’t Be Cleared Before 2020
Federal aviation regulators won’t clear Boeing’s troubled 737 Max airplanes for flight until sometime in 2020. That’s according to an interview that Federal Aviation Administration chief Steve Dickson gave to CNBC on Wednesday.
Crain’s Headlines: Judge Appoints Examiner in Sears Bankruptcy Fight
The bankrupt estate of Sears Holdings Corporation and the hedge fund division that bought the retailer’s troubled remains out of bankruptcy have been engaged in an ugly fight over the value of certain assets.
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.
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