Mesirow selling insurance business
Employee-owned Mesirow Financial is selling off a big chunk of itself. The Chicago-based company's insurance business, which accounts for 22 percent of revenues and a third of its workforce, is...
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U. of C. hospital fails to get mistrial on case involving $53M verdict
The University of Chicago Medical Center failed to get a mistrial Tuesday in a case in which a Cook County jury awarded $53 million to a brain-damaged Hickory Hills boy....
Buying insurance may soon be as easy as a swipe on a smartphone
Smartphone apps already allow consumers to summon cars and order food with a few swipes of a finger. Could insurance on demand be next? Policyholders pay premiums to get coverage...
Chicago passed over for nonstop flights to Havana
Chicagoans hoping to grab a direct flight to Havana will have to keep waiting. The U.S. Transportation Department on Thursday gave tentative approval to eight airlines to offer nonstop flights...
Wintrust to buy Elgin bank in $30.3 million deal
Rosemont-based Wintrust Financial will become a bigger player in Elgin through its planned purchase of First Community Financial. Wintrust, which has about $24 billion in assets and more than 150...
More than 50 Noodles restaurants in Illinois possibly hit by security breach
More than 50 Noodles & Co. restaurants in Illinois could be affected by a recent data security breach, the Colorado-based restaurant chain announced this week. Payment information of some customers...
Jury hits U. of C. hospital with $53 million malpractice verdict
A Cook County jury has awarded $53 million to a 12-year-old Hickory Hills boy and his mother in a 2013 lawsuit filed against the University of Chicago Medical Center, where...
Chicago’s PrivateBancorp to be sold to Toronto-based CIBC for $3.8 billion
The Chicago-based parent of PrivateBank will be acquired by Toronto-based CIBC for $3.8 billion, further opening the Canadian bank's door to the lucrative U.S. wealth management market in one of...
Labor leader decries McCormick Square neighborhood name
A benign announcement about the rebranding of an area near Chicago's McCormick Place convention center isn't sitting so well with the head of a union representing employees in the neighborhood....
Blight reduction effort used in Illinois slammed by U.S. watchdog
Illinois blight fighters are disputing a taxpayer watchdog's report that casts doubt on the effectiveness of a federally funded effort to demolish vacant and abandoned homes left over from the...