The Business Section of the Chicago Journal.
Business
In development for effectively a decade, Fed Vice Chair Lael Brainard told a workshop in suburban Rosemont on Monday that she expects the FedNow system to launch between May and July next year.
Business
The Environmental Protection Agency temporarily lifted a federal rule for fuel sales in four states in response to a fire last week at an Indiana oil refinery that could affect prices and supply.
Illinois Business
The settlement marks the conclusion of legal proceedings that began more than 16 years ago when two whistleblowers filed a lawsuit against the Illinois-based insurance company.
Business
In addition to the departure of Penrose, McDonald's is adding three new board members.
College Sports
The Big Ten announced it has reached seven-year agreements with Fox, CBS, and NBC to share the rights to conference football and basketball games. The deals go into effect in 2023 and eventually will allow the conference's soon-to-be 16 member universities to share more than $1 billion per year.
Business
A federal judge in Cleveland awarded $650 million in damages Wednesday to two Ohio counties that sued CVS, Walgreens, and Walmart over the way the national pharmacy chains distributed opioids to their communities.
Business
Kraft Heinz said the diluted cleaning solution is used on its food processing equipment. The company said it discovered that the solution had accidentally mixed with the juice after getting consumer complaints about the juice's taste.
College Sports
An announcement on a new set of deals that is expected to be worth more than $1 billion annually to the Big Ten is expected soon.
Business
The manufacturer on Tuesday posted a quarterly profit of $1.67 billion, or $3.13. Per share earnings were $3.18 without one-time costs or benefits, which is 18 cents better than Wall Street had expected, according to a survey of industry analysts by Zacks Investment Research.
Chicagoland News
There was a single $1.28B jackpot-winning ticket in the draw Friday night, and it was bought at a Speedway gas station and convenience store in suburban Des Plaines.
Chicago Business
Google Inc. announced its intention to purchase the James R. Thompson Center building in Chicago’s Loop for $105 million Wednesday morning. They plan to occupy the building by 2026 after extensive renovations.
Business
The Chicago burger giant said its revenue fell 3% to $5.72 billion in the April-June period. That was short of Wall Street’s forecast of $5.8 billion, according to analysts polled by FactSet.