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.
Chicago is adding another high-profile corporate headquarters to its roster, though it’s not quite clear what it means for area jobs.
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 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.
After a lengthy political career, former Illinois Attorney General Lisa Madigan has landed a high-profile, private sector gig. That and other business news from Crain’s Chicago Business.
Lori Lightfoot and Toni Preckwinkle battle for votes ahead of the runoff election. Mayor Rahm Emanuel gets his way on two controversial projects. CSO musicians trade instruments for picket signs. And Boeing’s very bit 737 problem.
Cook County Clerk Dorothy Brown joins the race for mayor. A federal appeals court says the federal government may not withhold funding from so-called sanctuary cities. And the U.S. Supreme Court denies an appeal from Rod Blagojevich.
Despite Gov. Bruce Rauner’s demands that the school spending bill be sent to him this week, Democrats say they’ll give it to him on Monday. In Chicago, officials are expanding gunshot detecting technology to more high-crime areas.
A staff shakeup in the Rauner administration. Big layoffs predicted after Cook County’s soda tax is blocked in court. New owners at the Chicago Sun-Times. Big changes ahead for Lake Shore Drive. And in sports, a major crosstown trade.
Police kill the Belleville gunman who fired on GOP congressmen. A lawsuit aims to force federal oversight of Chicago Police reform. And Dwyane Wade could make a deal to return to the Bulls.
President Trump fires the FBI director investigating his connections to Russia. Lawmakers put Gov. Rauner in a bind on the “abortion bill.” And the Cubs early season struggles continue.
Chicago schools may close early. More fallout from the United Airlines passenger removal. The governor’s race has a new issue: abortion rights. And in sports, surprises on all fronts.
Trump says there’s “no excuse” for hundreds of Chicago shootings. Mayor Emanuel proposes a municipal ID program for undocumented immigrants. Rauner launches a campaign ad, while Democrats push their own “comeback agenda.”
Illinois would get slammed with extra Medicaid costs as Republicans rush to repeal Obamacare. Chicago teachers threaten another one-day walkout. And the Bears cut Jay Cutler.
President Donald Trump and Mayor Rahm Emanuel butt heads over crime and immigration as the new commander in chief tweets about sending the Feds to Chicago. And Springfield’s budget “grand bargain” hits some roadblocks.