Illinois Business
Georgia judge nixes tax break for electric truck firm Rivian
Rivian, which also has a plant in Normal, Illinois, had hoped to break ground as early as this summer and begin production in 2024.
Illinois Business
Illinois Business
Pritzker promises unemployment fund debt payoff by year end
Illinois Gov. J.B. Pritzker said Tuesday that the state's relatively low jobless rate will help him keep his promise to pay off coronavirus-era debt in the Unemployment Insurance Trust Fund by year's end.
Chicagoland News
2 claim Mega Millions prize; 3rd-largest US lottery jackpot
Two people who wish to remain anonymous have claimed a $1.337 billion Mega Millions jackpot after a single ticket to the late July drawing was sold in a Chicago suburb, opting to take a lump sum payment of $780.5 million, lottery officials said Wednesday.
Business
State Farm, Mississippi settle lawsuit over Katrina payments
Mississippi has quietly settled its lawsuit against Illinois-based State Farm Fire and Casualty Co. for allegedly minimizing its Hurricane Katrina payments to policyholders, leaving the state to compensate homeowners.
Business
Walmart seeks to dismiss lawsuit by FTC over money transfers
In a 41-page document, filed in U.S. District Court for the Northern District of Illinois Eastern Division, Walmart laid out a number of what it called legally flawed claims, including that the agency lacked “constitutionally valid authority to sue for money or injunctive relief.”
Business
EPA waives fuel rule in 4 states, including Illinois, after Indiana refinery fire
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
State Farm subsidiary to pay $100M for false Katrina claims
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
Michigan panel wants details on Great Lakes oil tunnel plan
A Michigan regulatory panel said Thursday that it needs more information about safety risks before it can rule on Enbridge Energy's plan to extend an oil pipeline through a tunnel beneath a waterway linking two of the Great Lakes.
Illinois Business
Caterpillar moving its headquarters to Texas from Illinois
The company had been based in Peoria, Illinois, for over 90 years before announcing a move to Deerfield in 2017. At the time, it touted Deerfield as meeting its goal of being more accessible to its global customers, dealers, and employees.
Business
EPA raises amount of ethanol that must be blended with gas
The fuel consumes more than 40% of the nation's corn supply, and ethanol and other biofuel production plants offer jobs in rural areas that have seen steady population declines over the decades.
Business
Amazon 'obstructing' House probe into warehouse collapse
Last month, the OSHA wrapped up its probe into the December Edwardsville tornado incident, concluding that Amazon met minimal federal safety requirements for storm sheltering, but regulators also found safety risks and called on the company to improve its procedures.
Illinois Business
Woman whose son was killed in Edwardsville tornado criticizes Amazon
Last week, the federal Occupational Safety and Health Administration sent a "Hazard Alert Letter” to the Seattle-based e-commerce giant saying that it had met minimal federal safety guidelines for storm sheltering and would not face any fines or penalties.