Chicago’s Northern Trust creating 1,000 jobs — in Tempe, Ariz.
Northern Trust said it plans to open a new operating center this year that will grow to 1,000 full-time jobs over the next three years — in Tempe, Ariz. The...
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First Midwest Bank owner hikes dividend 12 percent
First Midwest Bancorp Inc. is raising its quarterly cash dividend by 12 percent, the fourth hike in its payout in the past two years. The Itasca-based operator of First Midwest...
Investment firm Soros drops stake in Discover
Investment firm Soros Fund Management doesn't believe it pays to own Discover stock anymore. The New York-based investment firm shed its stake in the Riverwoods financial services firm in the...
Northern Trust to pay $60 million to settle securities-lending cases
Northern Trust Corp. will pay a combined $60 million to settle two 2009 class-action lawsuits filed by retirement plans unhappy with how the Chicago-based financial services firm ran its securities-lending...
Rauner’s Illinois budget threatens hospitals, executives say
Shudders rippled through Illinois hospital and pharmacy industries earlier this week when Gov. Bruce Rauner proposed cuts to health care for the poor as part of his first budget for...
Ken Griffin: Wife found Chicago ‘unsophisticated’
Chicago billionaire Ken Griffin said his money manager wife wanted to raise their children on the coasts if the couple ever divorced because she found the Windy City "unsophisticated," according...
Chicago among cities where IRS is testing taxpayer appointments
Valentine's Day might be over, but Chicagoans can now make a date with the Internal Revenue Service. The federal tax agency Wednesday announced "a limited test" at 10 of its...
Anne Dias feared for her safety, according to Griffin divorce papers
Chicago money manager Anne Dias, whose billionaire husband is divorcing her, said she "was fearful for her safety" after he damaged a bedpost during a 2003 argument and said that,...
Cadillac Palace owner leading $55 million restoration of Congress Theater
Act 1: Michael Moyer will never forget the time he met Mel Brooks, the comedy film director, screenwriter and actor. Moyer was observing a rehearsal for "The Producers" during its...
More layoffs at McDonald’s; eight Illinois employers cutting 724 jobs
McDonald's, which last month jarred investors by reporting drops in annual profits, revenues and restaurant customers, said it's laying off 57 more workers in Oak Brook, only a month after...