Mary Ellen Podmolik

Sam Zell, co-founder and chairman of Equity International, has taken over as its interim CEO and two key executives have left, the company confirmed Wednesday. Both Gary Garrabrant, who co-founded...

The Chicago Board Options Exchange has laid off 30 employees in response to lower average daily trading volumes.The layoffs, made last week, will result in a severance expense of about...

The number of upside-down homeowners in the Chicago area fell in the second quarter, another sign of the gradual improvement in the local housing market, whose recovery continues to lag...

U.S. News & World Report is out with its annual rankings of the nation's top colleges, and the University of Chicago moved up a notch this year.The school tied with...

A new low-price strategy at Supervalu Inc., the parent of Jewel-Osco, may not help the grocery chain in either the short term or the long term because of intense competition...

Nike Inc., announced that its flagship store on Chicago's Magnificent Mile will reopen Sept. 27. The three-level store, which has operated at 669 N. Michigan since 1991, was temporarily closed...

Peapod LLC, the Internet-based grocery retailer, will open three Chicago-area locations this year where customers can pick up their orders rather than waiting for home delivery. The Skokie-based company plans...

Illinois, along with California, Louisiana, Mississippi and West Virginia, are among the worst states in the country for businesses because of their legal climates, according to survey of corporate attorneys...

Groupon announced Monday the hiring of Brian Stevens as its chief accounting officer, effective immediately. Stevens, who previously spent 16 years with KPMG LLP, most recently as an audit partner...

Peapod, the Internet-based grocery retailer, will open three locations in the Chicago area this year where customers can pick up their orders rather than waiting for home delivery.The Skokie-based company...