The Business Section of the Chicago Journal.
Illinois Business
The new contract covers 12 plants in Iowa, Illinois, and Kansas where the Moline, Illinois-based company’s iconic John Deere green agricultural and construction equipment is made.
Opinion & Comment
All that success and the former Chicago giant that was Sears, Roebuck & Co. couldn't even see coming that which would be its demise. Itself.
Illinois Business
Rivian has a contract with Amazon to build 100,000 electric delivery vans at its factory, a former Mitsubishi plant in Normal, Illinois. Amazon.com Inc. owns about 20% of Rivian before accounting for the public offering.
Business
Insurers agreed to pay more than $230 million to Boeing, minus fees and expenses. The lawsuit accused the directors of failing to properly look out for the interests of shareholders in overseeing then-CEO Dennis Muilenburg and development of the Max.
Business
Deere & Co. will release its next earnings report later this month. The disputed contract would cover more than 10,000 Deere workers at 12 facilities in Iowa, Illinois and Kansas, who make the company's iconic John Deere green tractors and other equipment.
Business
Employees would have received between $22.13 an hour and $33.05 an hour, depending on their position. It would have provided an $8,500 ratification bonus, preserved a pension option for new hires, made workers eligible for health insurance sooner, and maintained no-premium health insurance coverage.
Environment
With construction scheduled to resume Nov. 1, the non-profit conservation group that cares for the Bell Bowl Prairie struck a deal to temporarily halt bulldozers ready to expand Rockford Airport.
Business
A review committee of city departments will determine the recommended winning bidder before moving its recommendation to Mayor Lightfoot, who will make the final determination along with City Council approval.
U.S. Business
Just as smartphones replaced desktop computers, Zuckerberg is betting that the metaverse will be the next way people will primarily interact with computers — and each other.
Illinois Business
The construction industry that Caterpillar supplies was hit by the spread of COVID-19 like all others, but the pandemic did drive housing and construction demand as people sought larger or new places to live.
Business
Boeing said Wednesday it is building about two 787s a month and expects to stay at that low rate until deliveries resume. Problems including fuselage flaws are expected to cause $1 billion in "abnormal costs," the company said, including a $183 million charge recorded in the Q3.
Business
Killed in the accident were Margie and Don Vardahoe, a Georgia couple on a cross-country trip to mark their 50th wedding anniversary, and Zachariah Schneider, 28, a software developer from Illinois.