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.

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.

Walgreens has been exploring a potential deal to take the company private in what could become the largest leveraged buyout in history.

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.

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. 

Chicago is adding another high-profile corporate headquarters to its roster, though it’s not quite clear what it means for area jobs.

Shares in Grubhub fell about 40% Tuesday afternoon. The Chicago-based company says the online food-ordering and delivery business is slowing.

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.

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.

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.

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.

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.

A Northwestern researcher known for developing wearable technology has received a $10 million federal grant to create a potentially life-saving implantable device for people with opioid use disorder. 

Former Exelon CEO Anne Pramaggiore is in line for $7.7 million in benefits after her abrupt resignation Tuesday amid a federal investigation of the company’s Springfield lobbying practices. 

Mayor Lori Lightfoot is floating a new plan to make the Chicago casino a property owned jointly by the city and the state. But the idea is getting a cool reception in Springfield. 

Boeing announced that it has stripped CEO Dennis Muilenburg of his title as chairman of the board, a move the company says will allow him to focus more on fixing its troubled 737 Max jets.