Lauren Zumbach – Page 63

Sears announced it has laid off more than 200 employees, mostly at its headquarters in Hoffman Estates.

Sears lays off 220 employees, mostly at Hoffman Estates headquarters

December 15, 2018 at 2:38 a.m.

Sears Holdings Corp. has laid off about 220 corporate employees, effective immediately. Most of those employees worked at the company’s Hoffman Estates headquarters, and the cuts affected various business units...

The Carson's name would appear on more department stores owned by parent company Bon-Ton Stores under a proposed restructuring plan.

Carson’s brand may expand under Bon-Ton Stores restructuring plan

December 15, 2018 at 2:28 a.m.

Bon-Ton Stores’ plan to turn around its struggling department store brands includes the usual calls to close underperforming stores and boost online sales. But it’s also considering opening new stores...

Boeing CEO Dennis Muilenburg, center, arrives at Trump Tower in New York on Jan. 17, 2017.

Boeing CEO Dennis Muilenburg steps up to the mic on Twitter

December 15, 2018 at 2:24 a.m.

Boeing and Airbus may still be battling for dominance in the aerospace market, but Chicago-based Boeing appears to have won at least one title: first among the rivals to have...

Gloria Torres, 69, of Bridgeview,works as a part-time teller at the Fifth Third branch in Orland Park. She was ready to leave her job in search of full-time work until the company gave her a raise and a $1,000 bonus in late December in the wake of the Trump tax cut.

Debt payments, Icelandic adventures, car repairs: How area workers are spending their tax cut bonuses

December 15, 2018 at 1:59 a.m.

Paola Hinton’s hands were shaking in December as she pulled out bundles of cash and gave each of her 20 employees a $500 bonus. No one in the crowded back...

Claire's, a staple of malls nationwide, has hired investment bank Lazard to help the company address its debt.

Claire’s hires investment bank to help address debt

December 15, 2018 at 1:26 a.m.

Struggling teen chain Claire’s Stores has hired investment bank Lazard to help the company address its debt. “We believe this is the right time to undertake this initiative and we...

Amazon creates new playbook for headquarters searches

December 15, 2018 at 1:19 a.m.

Corporate relocation searches can be cloak-and-dagger affairs, complete with secretive office tours, project code names and hotel rooms booked under aliases. Amazon, one of the world’s most powerful and recognizable...

Chicago made Amazon’s short list. There’s still plenty of competition.

December 15, 2018 at 1:09 a.m.

Amazon’s list of 20 potential sites for HQ2, its second headquarters, didn’t overlook any obvious contenders, including Chicago. A few dark horses made the cut too. Who’s the real competition...

Chicago sets sights on Apple and its new campus: ‘We’re going to go compete’

December 15, 2018 at 12:50 a.m.

Chicago has another technology behemoth to woo: Apple. The city, which is waiting to find out if it’s a contender for Amazon’s planned second headquarters, learned Wednesday that another tech...

Walmart, Jewel-Osco join list of retailers taking steps to curb opioid epidemic

December 15, 2018 at 12:40 a.m.

Walmart and Jewel-Osco are joining the list of retailers making efforts to address the nation’s opioid epidemic. The world’s largest retailer said it wants to limit abuse of prescription opioids...

Sears CEO Edward Lampert, seen here in 2001, has given the troubled retailer another cash infusion, this time for $100 million.

Sears’ latest $100 million loan again comes from CEO’s firm

December 15, 2018 at 12:13 a.m.

Sears Holdings Corp.’s most recent cash infusion came from some of its most loyal lenders: affiliates of Chairman and CEO Edward Lampert’s hedge fund, ESL Investments. Hoffman Estates-based Sears announced...

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