Law
State expecting to receive $760m from opiod settlement
Most of the money is required to be used to address the nation’s opioid addiction and overdose epidemic, which has been linked to more than 500,000 deaths over the last two decades.
Business
The Business Section of the Chicago Journal.
Chicagoland Business
Lake Forest's Tenneco to go private in $7.1 billion deal
The company employs 71,000 people at 260 sites worldwide and supplies markets including light vehicles, commercial trucks, motorsport, and the aftermarket.
Illinois Business
Corn growers to vote on increasing checkoff next month
Growers who sell a bushel of corn in Illinois pay the checkoff to the marketing board to promote the industry. The money is used for research, marketing, and education.
Chicagoland Business
Indiana steel mill agrees to pay $3M, improve waste system
A steel company has agreed to pay $3 million and improve the wastewater system at an Indiana mill, more than two years after a discharge of ammonia and toxic chemicals killed fish and closed beaches.
Business
Chinese Telecom charged with conspiring with former Motorola employees to steal tech
The indictment alleges that China-based Hytera Communications Corp., Ltd., recruited and hired Motorola Solutions employees and directed them to take proprietary and trade secret information from Motorola without authorization.
Health
UChicago Medicine wants to build $633M cancer facility by 2026
The new center would include space for outpatient procedures and services, 128 hospital beds, an urgent care, and be a research center with clinical trials enrolling area patients.
Chicago Business
Chicago Public Media completes purchase of Sun-Times
Contributing to the acquisition are investor Michael Sachs, the MacArthur Foundation, Chicago Community Trust, Joyce Foundation, the Knight Foundation, and an anonymous donor.
Chicago Business
FanDuel, United Center announce plans for sportsbook lounge
Plans for the FanDuel Sportsbook at the United Center include a two-story venue adjacent to the arena's atrium. It would be equipped with state-of-the-art viewing and sports wagering technology, the announcement said.
Business
Boeing lands big order from Qatar Airways
It's the largest order ever for Boeing cargo planes, the Chicago-based company said.
Chicagoland Business
Caterpillar pushes through supply constraints in strong Q4
For the three months ended Dec. 31, Caterpillar Inc. earned $3.91 per share. Stripping out certain items, earnings were $2.69 per share, far exceeding Wall Street's per-share expectations of $2.23.
Business
Boeing posts another big loss tied to problems with 787 jet
The 787 saga is unfolding just as Boeing tries to move past the grim early record of the 737 Max, which was grounded worldwide for nearly two years after two crashes.
Illinois News
In-person services resume this week at Illinois DMVs
White's office said people who come to the offices will be required to wear masks and practice social distancing when they arrive.