Business

FRI, 1/18/2019

Friday, January 18, 2019

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Edward Lampert in New York in 2012.

Lampert's $5.2B Sears deal gets backing from Bank of America, Cyrus

Eddie Lampert's ESL Investments Inc. will finance its winning $5.2 billion bid to salvage Sears Holdings Corp. in part with $850 million from a new asset-based loan, according to a regulatory filing Friday.
Shoppers look at shoes at a Sears in Jersey City, New Jersey, left, and at a Sears in Mexico City. In the U.S. stores, the shoes are boxed and crowded, while the Mexican store’s open layout has a luxury feel.

The nicest Sears you've ever seen isn't owned by Sears

Welcome to Mexico, where the thriving retail chain continues to open new stores and attract customers.
The top two vacant lots seen here, which are set back from 95th Street in the Naperville Crossings shopping center, have been designated to allow medium-density residential uses such as townhouses or apartments. Naperville City Council members unanimously approved the change to the roughly 5-acre properties Tuesday, aiming to spur development of the long-vacant land.

Naperville hopes bringing homes to shopping center will boost 'second downtown'

A land-use change to allow medium-density housing could bring a boost to a south Naperville development envisioned as a "second downtown," city officials say.
This design for the new O’Hare Global Terminal is from the architectural firm Santiago Calatrava Ltd.

Glass palace? Romulan space ship? Chicago wants your vote on O'Hare designs

In the next six days, suburbanites and Chicagoans can embrace their inner architect and vote on the future look of O'Hare International Airport.
Berkley Wellstein takes a butterfly from the newly dedicated Jane’s Room at Northwest Community Hospital in Arlington Heights. She and her husband, Bob, lost a baby named Jane and have dedicated rooms in hospitals for those experiencing similar loss.
Arlington Heights hospital opens a quiet place for families experiencing loss
Northwest Community Hospital in Arlington Heights on Thursday unveiled Jane's Room, a quiet, private space designed for families who suffer stillborn, miscarriage or newborn death in the hospital.
Mount Prospect is launching a plan to improve pedestrian crossing in the village’s downtown, in part through the use of smarter signals.
How Mount Prospect is trying to make it easier to cross downtown streets
Pedestrian crossing in downtown Mount Prospect can be a challenge. The village is trying to make it less so by improving crossing signals at three key intersections.
Barrington Area Chamber of Commerce is celebrating its 50th anniversary and held its annual dinner and scholarship fundraiser Thursday night at Avante Banquets and Conference Center in Fox River Grove. About 250 members and guests attended.
Barrington chamber celebrates 50th anniversary at gala
Barrington Area Chamber of Commerce had plenty to celebrate at its annual dinner and scholarship fundraiser Thursday night.
Tesla plans 7 pct staff cut, says road ahead very difficult
Electric car and solar panel maker Tesla says it plans to cut its staff by about 7 percent
Mark Sander
First Midwest names Sander president
First Midwest Bancorp has appointed Mark Sander President. the company announced Friday.
AptarGroup joins global effort to reuse plastics
AptarGroup Inc. has signed the New Plastics Economy Global Commitment and has joined forces with other businesses and governments committed to changing how we produce, use and reuse plastic.
FILE - In this Nov. 28, 2018 file photo, the logo for Tiffany & Co. appears above a post on the floor of the New York Stock Exchange. The luxury jeweler, famous for its little blue boxes, says sales slipped in the holiday shopping season as Chinese tourists spent less while traveling due to the strong dollar, making it more expensive to buy Tiffany jewelry outside of its stores in China. The company also says it was hurt by the ups and downs of the stock market, anxiety around Brexit and protests in Paris that forced the company to close its store during some weekends. (AP Photo/Richard Drew, File)
Tiffany holiday sales slip as Chinese tourists spend less
Tiffany & Co. says holiday shoppers and Chinese tourists spent less on its bling
Tim Moran
Business Ledger | Moran joins Signature Bank as commercial banking VP
Signature Bank welcomes commercial banking veteran Tim Moran as senior vice president of commercial banking.
                                                                                                                                                                                                                       
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Darren Criss poses in the press room with the award for best performance by an actor in a limited series or a motion picture made for television for “The Assassination of Gianni Versace: American Crime Story” at the 76th annual Golden Globe Awards at the Beverly Hilton Hotel on Sunday, Jan. 6, 2019, in Beverly Hills, Calif. (Photo by Jordan Strauss/Invision/AP)
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The Daily Herald archive, Assignment # 68,568, Bob Ringham photo: White Sox fans celebrate after the Sox clinched the American League West division in September of 1983.
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