Sears borrows $1 billion
Sears Holding Corp. said Wednesday it has borrowed $1 billion through a new secured loan it will use to pay other debts and prepare for the holiday season. The Hoffman...
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Chicago area gas prices slide in first weeks of fall
At last, some good news at the gas pump. AAA said Tuesday that the price of unleaded in Illinois is the lowest since February on "abundant" supply and the switch...
Serta CEO, wife to leave mattress manufacturer
The longtime CEO of Serta International and his wife are leaving the company, the Hoffman Estates mattress maker said Tuesday. A reason for the departures was not given in a...
EBay’s PayPal to buy Braintree for $800 million
Braintree, a Chicago-based payment processor for smartphones and tablets, is being acquired by eBay's PayPal for about $800 million in cash, in a deal that highlights the growing appetite for...
EBay buying Chicago-based Braintree
Chicago-based mobile payments processor Braintree is getting scooped up by eBay's PayPal for about $800 million in cash, a deal that highlights the growing appetite for purchases made on smartphones...
Streeterville grocer Fox & Obel closed again
Gourmet grocer Fox & Obel is closed again, at least temporarily, just days after filing for bankruptcy protection. It wasn't clear when the Streeterville market shut its doors. A call...
McDonald’s CMO to step down early next year
McDonald's Corp. said Tuesday its chief marketing officer is leaving the company early next year. Neil Golden has held the title since 2008, and he's been with the fast-food company...
Holiday sales to climb nearly 4.5%, Deloitte predicts
Financial advisory and consulting firm Deloitte on Monday forecast holiday sales will climb at a slightly faster rate this year compared with 2012, a more optimistic view than that of...
United goes back to ‘Friendly Skies’ ad campaign
United Airlines has unveiled a new ad campaign that it hopes will bring customers back to the better days of flying. The Chicago-based airline announced Friday it developed a series...
United says it will honor free tickets in online mistake
After accidentally offering free fares on Thursday, United Airlines said it will honor tickets bought by some quick customers."We've reviewed the error that occurred yesterday and based on these specific...