Chicago Business
McDonald's temporarily closes US offices ahead of layoffs
McDonald's declined to comment on the memo or the layoffs on Monday. The memo was first reported by the Wall Street Journal.
Business
The Business Section of the Chicago Journal.
Law
Mandatory paid time off: 'a strain' for Illinois business
Small business owners in Illinois say they know the importance of taking care of their workers, but some view the paid leave requirement as a government-imposed burden.
Law
Illinois enacts mandatory paid leave 'for any reason'
Just Maine and Nevada mandate earned paid time time off and allot employees the freedom to decide how to use it, but Illinois’ law is further reaching, unencumbered by limits based on business size.
Illinois Business
Caterpillar workers ratify new 6-year contract with company
Members of the United Auto Workers union approved the deal over the weekend that covers 7,000 employees in Central Illinois and York, Pennsylvania. The new contract is effective immediately.
Chicago News
Juul to pay Chicago $23.8M for underage vaping settlement
The company agreed to pay $2.8 million within 30 days and the rest later this year, the statement said.
Chicagoland Business
California to end Walgreens contract after abortion dispute
Losing the California contract will have a small impact on Walgreens' revenues, as the company reported $132.7 billion in sales for the fiscal year that ended Aug. 31.
Business
Judges nixes shareholder claims against McDonald's directors
In October 2019, former CEO Steve Easterbrook was engaging in a prohibited relationship with a female subordinate. The board terminated Easterbrook “without cause,” allowing him to retain tens of millions of dollars in stock-based benefits and other compensation, while firing Fairhurst “for cause.”
Illinois Business
Stellantis idles Illinois plant, takes step toward closure
The factory, which now employs about 1,350 workers, officially was placed on “idle” by the company on Tuesday. That term means it intends to shut down the plant.
Chicago Business
CVS spends $10.6B on Chicago-based Oak Street Health
The acquisition comes just three months after a nearly $9-billion investment by Deerfield-based rival Walgreens in VillageMD’s acquisition of Summit Health-CityMD. And that deal was announced two months after CVS said it would spend $8 billion to acquire home health care provider Signify Health.
Business
Boeing bids farewell to an icon, delivers last 747 jumbo jet
Since its first flight in 1969, the 747 has served as a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers, a transport for NASA's space shuttles, and the Air Force One presidential aircraft.
Chicagoland News
Sterigenics settling suits for $408M
Sterigenics announced Monday that a claims administrator will be appointed to distribute the money to as many as 870 people who had sued the Oak Brook, Illinois-based company.
Agriculture
John Deere, farm group reach deal on fixing equipment
The agreement formalizes farmers’ access to diagnostic and repair codes and to manuals and product guides. It also ensures farmers will be able to purchase diagnostic tools directly from John Deere and receive assistance from the manufacturer when ordering parts and products.