Chicago Corporate News

Chicago's most trusted business news site covers local businesses and the biggest corporations in Chicago including Reorganization and restructuring initiatives to new hires and lay offs, through consumer watchdogs reports and updates to the industry for retail and technology sectors.

Our annual survey indicates that an more chief executives are managing their businesses from their homes or hotel rooms. We also examine the unanticipated reasons why people leave their posts in the C-suite as well as some of its benefits.

Companies are increasingly relying on "navigators" who assist new employees in learning on the job. A Chicago tech company recently joined with a local university in launching this first-of-its-kind program throughout the nation.

Amazon employees evacuated the fulfillment center due to the fire that broke out on Thursday morning. The evacuation was prompted by customers who expressed their desire for it to stay open. Reopening it now seems to be on the cards after customers expressed an interest.

Chicago is currently working on resurfacing its streets and drivers will likely encounter road closures on a variety of major streets throughout downtown. Before you hit the road be sure to make sure you check the tread depth of your tires and pressure.

According to a report released today almost half of America's most profitable airlines are losing money as per research. Numerous factors, including the rise in fuel costs and an increasingly competitive industry of airlines are a major reason behind the financial challenges.

The owner of Save A Lot has announced that he will sell the majority of his stores in Chicago. Its remaining stores will continue operating in the same way. This could come as an unexpected shock for shoppers who are used to shopping there at low costs.

Tupperware Brands, the company that invented storage of food for press release Distribution Services (independent.academia.edu) decades, has filed for Chapter 11 bankruptcy protection following the whistleblower lawsuit.

The aging population is increasingly turning to self-employment for income however, it's not easy. Here are a few suggestions to help people get started.

Local private equity company takes on long-stalled project. Reorganization is likely to change one of Chicago's companies that are growing fast' view of its office space in the city's Loop district.

Illinois residents can expect their utility bills to rise this summer, and then decrease the following winter. This is because Illinois utilities are trying to keep current rates in place until 2025.

Wendell Hutson covers economic development and commercial real estate for Crain's. He was awarded three A. Philip Randolph Messenger Awards from the National Newspaper Publishers Association. Before joining Crain's Wendell Hutson covered entertainment, technology and commercial real estate for Los Angeles Business Journal, DNAinfo Chicago, Illinois Real Estate Journal and Illinois Real Estate Journal.