Chicago Business News - Money, Financial & Corporate News

Tuesday, Sep 17, 2019 at 06:15 PM CDT

'Blood Money'? Purdue Settlement Would Rely on Opioid Sales

'Blood Money'? Purdue Settlement Would Rely on Opioid Sales

The tentative multibillion-dollar settlement with OxyContin maker Purdue Pharma would raise money to help clean up the opioid mess by ... selling more OxyContin. That would amount to blood money, in the opinion...

Tuesday, Sep 17, 2019 at 11:08 AM CDT

NBC Names Its New Streaming Service ‘Peacock’

NBC Names Its New Streaming Service ‘Peacock’

NBCUniversal’s new streaming service will be named “Peacock,” the company announced Tuesday. The ad and subscription-supported service will roll out in April with 15,000 hours of content including “The Office”...

Tuesday, Sep 17, 2019 at 08:12 AM CDT

Kale Candy Canes Are Here to Ruin Christmas — and Everything Else

Kale Candy Canes Are Here to Ruin Christmas — and Everything Else

For anybody with a sweet tooth who is completely over traditional candy canes, there's a new flavor hitting store shelves ahead of the holidays that will really give your taste buds a kick ... or just make...

Tuesday, Sep 17, 2019 at 07:14 AM CDT

Walmart Revives Trendy Fashion Brand Scoop NYC

Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.

Tuesday, Sep 17, 2019 at 05:29 PM CDT

Progress Reported in Contract Talks Between GM, Union

Progress Reported in Contract Talks Between GM, Union

Faced with weakening sales, a deteriorating global economy and an unpredictable trade war, General Motors and striking auto workers appeared to be making progress Tuesday toward a four-year labor contract. The...

Monday, Sep 16, 2019 at 07:15 PM CDT

Oil Prices Jump as Attack on Saudi Plant Jolts Supply

Oil Prices Jump as Attack on Saudi Plant Jolts Supply

Global energy prices spiked more than 14% Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record. It was an increase on par with the 1991 Gulf...

Monday, Sep 16, 2019 at 10:18 AM CDT

Amazon To Add Workers, Office Space in Chicago's Loop

Amazon To Add Workers, Office Space in Chicago's Loop

Amazon is doubling the number of workers at his operations in Chicago's Loop.

Monday, Sep 16, 2019 at 05:49 PM CDT

GM Walkout Brings Factories and Warehouses to a Standstill

GM Walkout Brings Factories and Warehouses to a Standstill

More than 49,000 members of the United Auto Workers went on strike Monday against General Motors, bringing more than 50 factories and parts warehouses to a standstill in the union's first walkout against the No....

Sunday, Sep 15, 2019 at 10:16 AM CDT

Study Shows Disneyland's Economic Impact Jumps by 50%

Study Shows Disneyland's Economic Impact Jumps by 50%

Disneyland's economic impact has jumped by 50% since 2013, according to a Cal State Fullerton study. The theme park had an $8.5 billion impact on the region and created more than 78,000 jobs as of the most...

Sunday, Sep 15, 2019 at 04:55 PM CDT

Mobile Home Parks Move From Mom-and-Pop to Corporate

Mobile Home Parks Move From Mom-and-Pop to Corporate

In the Aurora mobile home park where she lived for 16 years, eviction notices kept coming to Petra Bennett's door -- for unauthorized guests, lack of insurance, late rent. They were bogus threats to make the...

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