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.
Chicagoland Business
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.
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.
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.
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.
Chicagoland Business
CVS, Walgreens announce opioid settlements totaling $10B
Two of the largest U.S. pharmacy chains, CVS Health and Walgreen Co., announced agreements in principle Wednesday to pay about $5 billion each to settle lawsuits nationwide over the toll of opioids, and a lawyer said Walmart is in discussions for a deal.
Business
Attorneys General say Albertsons should delay $4B dividend
A bipartisan group of attorneys general is asking Albertsons to delay a $4 billion payout to its shareholders until they can complete a review of Kroger's planned acquisition of the grocery chain.
Chicagoland Business
Walgreens beats fiscal 4Q forecasts, absorbs UK business hit
Shares of Deerfield, Illinois-based Walgreens climbed more than 2% to $32.77 in Thursday morning trading while the Dow Jones Industrial Average fell over 1%.
Business
Tyson Foods consolidates corporate offices, leaves Chicago
One of the world's largest meat producers said Wednesday that corporate staff at its Chicago and Downers Grove, Illinois, locations and Dakota Dunes, South Dakota, office will begin relocating early next year.
Business
BP reaches $2.75M deal over Indiana refinery pollution
The agreement is the second in the past year between advocacy groups and BP involving the refinery on the southwestern Lake Michigan shoreline between Hammond, Indiana, and Chicago.
Business
Production resumes at Indiana refinery shutdown after fire
Regular production has resumed at a northwest Indiana refinery that was shut down last month following an electrical fire.
Bears
Bears release initial renderings for enclosed suburban stadium
The Bears released conceptual illustrations Tuesday of the proposed stadium and entertainment complex that would be built on the site of a former horse racing track in Arlington Heights, Ill.