Becky Yerak – Page 15

First Midwest Bank is acquiring Hickory Hills' 35-branch Standard Bank and Trust Co. for $365 million.

First Midwest to close 16 branches after Standard Bank deal

June 14, 2018 at 5:35 a.m.

First Midwest Bank will close 16 branches as part of its proposed purchase of Standard Bank & Trust, representing 11 percent of the suburban institutions' combined retail network. In late...

Allstate floats idea of insuring more than cars, homes: Will good hands grab gadgets?

June 14, 2018 at 8:59 a.m.

Allstate, the nation's biggest publicly traded home and auto insurer, is floating the idea of offering additional types of coverage, including policies for your gadgets. "We're not really in the...

The marquee at Margie's Candies in Chicago's Logan Square neighborhood glows brightly in 2013. The building the ice cream parlor occupies has been sold but it will remain a tenant for at least 15 years, the new building owner says.

Sweet Spot: Margie’s Candies staying put in Logan Square despite building’s sale

June 14, 2018 at 5:58 a.m.

The "hipster highway" and an ice cream parlor that has been around for almost 100 years go well together, a Chicago real estate investor is betting. Margie's Candies has called...

People flee the scene near New York's World Trade Center after terrorists crashed two planes into the twin towers on Sept. 11, 2001.

9/11 loans were lifeline for Illinois small businesses: ‘It saved our company’

June 14, 2018 at 6:52 a.m.

After the 2001 terrorist attacks on the World Trade Center, the U.S. government approved low-interest loans to more than 140 Illinois businesses that said the fallout from Sept. 11 took...

Kapoor to replace billionaire founder Mansueto as Morningstar CEO

June 12, 2018 at 3:05 p.m.

Morningstar says Kunal Kapoor, its 41-year-old president, will become the new chief executive at the Chicago-based investment research firm on Jan. 1, 2017, replacing billionaire founder Joe Mansueto. Kapoor, who...

Volkswagen Truck & Bus, a division of the automaker, is buying a $256 million minority stake in Lisle-based Navistar.

Volkswagen buying $256M stake in Navistar

June 12, 2018 at 1:37 p.m.

Volkswagen AG plans to take a 16.6 percent stake in Navistar International as part of a wide-ranging alliance that gives the struggling Lisle-based manufacturer access to products and services of...

Former executive at developer sentenced to 6 months for lying to banks

June 15, 2018 at 3:14 a.m.

In 2008, Chicago developer Joseph Freed & Associates, which has counted Block 37, a downtown Target store and Streets of Woodfield among its projects, was in the midst of a...

Medical pot clinic to open in Jefferson Park neighborhood

June 8, 2018 at 1:33 p.m.

Nicholas Vita is a former Goldman Sachs investment banker who specialized in medical deals back when he worked in the financial services industry. Big money, however, isn't the chief reason...

Illinois Gov. Bruce Rauner on July 25, 2016, in Chicago.

Rauner signs life insurance bill

June 11, 2018 at 3:31 p.m.

Life insurance companies will be required to regularly check to see if their policyholders have died under legislation signed Friday by Illinois Gov. Bruce Rauner. The Unclaimed Life Insurance Benefits...

British financial trader Navinder Singh Sarao leaves Westminster Magistrates' Court on March 23, 2016, in London. U.S. authorities are seeking to extradite Sarao to face charges related to the 2010 stock market "flash crash."

‘Flash crash’ trader continues to fight extradition

June 9, 2018 at 11:08 a.m.

"Flash crash" trader Navinder Singh Sarao continues to fight extradition from the United Kingdom to the U.S. over charges that he helped trigger a 2010 tumble in stock markets, court...

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