Stories by WTTW News
Crain’s Headlines: Bill Daley Lands at Wells Fargo Bank
The former Chicago mayoral candidate was picked by Wells Fargo’s new CEO, Charles Scharf, to oversee matters including government relations at the scandal-scarred bank.
Crain’s Headlines: Invenergy Expanding Corporate Headquarters
The nation's largest privately held wind energy producer has expanded its offices at 1 S. Wacker Drive, in a deal that will soon make it the biggest tenant there.
Crain’s Headlines: Walgreens Explores Deal to Take Company Private
Walgreens has been exploring a potential deal to take the company private in what could become the largest leveraged buyout in history.
Crain’s Headlines: Ousted McDonald’s CEO ‘Demonstrated Poor Judgement’
In an email to employees, former McDonald’s CEO Steve Easterbrook acknowledged he had a relationship with an employee and said it was a mistake. He had been CEO since 2015.
Crain’s Headlines: Lobbying Activities of Exelon, ComEd Under Investigation
The Securities and Exchange Commission has opened an investigation of Exelon and ComEd’s lobbying activities. The U.S. attorney’s office in Chicago also is probing the lobbying practices of the two companies in Illinois.
Crain’s Headlines: Beer Giant Moving US Headquarters to Chicago
Chicago is adding another high-profile corporate headquarters to its roster, though it’s not quite clear what it means for area jobs.
Crain’s Headlines: Business Slowing for Chicago-Based Grubhub
Shares in Grubhub fell about 40% Tuesday afternoon. The Chicago-based company says the online food-ordering and delivery business is slowing.
Crain’s Headlines: Cost-Cutting at Walgreens Prompts Corporate Job Cuts
The company didn’t say how many people were let go, but a Tribune report pegged the number at 100 employees at its Deerfield headquarters.
Crain’s Headlines: No CTA Fare Hikes for Now
The Chicago Transit Authority’s budget has no plans for fare hikes or service reduction in 2020, but ridership on CTA buses and trains has been steadily declining since a 2012 peak.
Professional Mediator Offers Tips for Better Negotiations
As the city and the Chicago Teachers Union try to hammer out a contract agreement, we explore common strategies and pitfalls in any negotiation with professional mediator Teresa Frisbie.
Crain’s Headlines: Bill Daley Leaves Bank of New York Mellon
Bill Daley has left Bank of New York Mellon after less than six months as vice chairman. He started there following his loss in Chicago’s mayoral election earlier this year.
Crain’s Headlines: McDonald’s Struggling to Attract US Customers
Amid fierce fast-food competition, McDonald’s home market lost momentum in the latest quarter. Bloomberg reports that same-store sales rose 5.9% globally, but the Chicago-based fast food giant is struggling to attract customers in the U.S.
Crain’s Headlines: More Problems for Troubled Ford Factory
The Ford plant on the city’s Far South Side has been causing some big headaches for the automaker, which is expected to report lower profits this week in a third quarter earnings report.
Chicago Teachers Strike Enters Day 3 as Monday Classes Canceled
Negotiators for Chicago Public Schools and the Chicago Teachers Union failed to come to a contract agreement despite weekend bargaining sessions, though both sides agree progress has been made.
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