Business
SEC charges former McDonald's CEO with misleading investors
McDonald's Corp. was also charged by the SEC for the incident, it said Monday, but due to the company's cooperation during the ensuing investigation, there is no financial penalty.
Business
The Business Section of the Chicago Journal.
Business
Opioid legal charge pushes Walgreens to $3.7B fiscal 1Q loss
Walgreens said Thursday that it recorded a $5.2 billion, after-tax charge in the quarter that ended Nov. 30 for opioid-related litigation.
Chicago Business
Mondelez selling part of its gum business for $1.35B
Chicago-based Mondelez said the deal includes its Trident, Bubblicious, Dentyne and Chiclets gum brands and the European candy brands Cachou Lajaunie and La Vosgienne.
Chicagoland Business
Grilling company Weber to be taken private in $3.7B deal
Weber, based in Palatine, Illinois, went public in August 2021 at $14 a share. Shares, which were listed on the New York Stock Exchange under the “WEBR” ticker symbol, closed Friday at $6.50.
Illinois Business
Stellantis to idle Belvidere assembly plant, lay off workers
Stellantis says Friday that its Belvidere Assembly Plant will be idled effective Feb. 28 as the automaker “considers other avenues to optimize operations.”
Illinois Business
Biden releasing nearly $36B to aid pensions of union workers
The retirement plan has participants in almost every state, with the largest concentration in the Midwest, including 25,000 in Illinois. The program was on track to become insolvent in 2026.
Business
Boeing's last 747 to roll out of Washington state factory
After more than half a century, the last Boeing 747 rolled out of a Washington state factory on Tuesday. The final customer is the cargo carrier Atlas Air.
Business
Chicago Fed names ex-Obama adviser Goolsbee as next leader
Goolsbee, 53, an economics professor at the University of Chicago who is a frequent commentator in opinion columns and television appearances, will succeed Charles Evans on Jan. 9. Evans is retiring after 15 years as head of the Chicago Fed after reaching the mandatory retirement age of 65.
Illinois Business
States settle with Google, iHeartMedia over misleading ads
The settlement bars Google from making misrepresentations in endorsements of its products for 20 years. Arizona, Georgia, Illinois, Massachusetts, New York, and Texas and the Federal Trade Commission were part of the settlements.
Business
FAA: Construction can start on new O'Hare terminals
Construction can begin on new passenger terminals at Chicago's O'Hare International Airport following the completion of an environmental review, the Federal Aviation Administration said.
Illinois Business
Illinois voters approve collective bargaining amendment
With its passage, Illinois is prohibited from becoming a right-to-work state. All employees under union contracts can be required to pay union dues, regardless of political or religious affiliation.
Environment
Solar farms in 3 states cited for environmental violations
A statement by the Justice Department and the Environmental Protection Agency said, in each case, the alleged companies failed to take steps to control runoff water.