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Home sales rise most in 7 years
Home sales soared last month in the Chicago area, as did home prices, according to data released this morning by trade group Illinois Realtors. The increases in both prices and sales volume result ...
Activist investor targets Aimco over plans to split
(Bloomberg)—Activist investor Jonathan Litt has come out against Apartment Investment & Management Co.’s plans to split into two public entities and said he would call a special meeting if the real ...
Illinois may look more like junk as pressure rises, S&P says
(Bloomberg)—Without federal aid, Illinois credit pressures are mounting, and the state may have to borrow more even as officials seek to cut spending and balance the budget, according to S&P Global ...
Everyone wins in a graduated tax system
Our household is one of the less than 3 percent in Illinois that would pay more in taxes if the Fair Tax passes in this election. Voting yes on this amendment would move Illinois from a flat to a ...
Trump should sell public on court pick, not ram it through
I’ve never met or much covered Amy Coney Barrett, the judge who serves on the 7th Circuit U.S. Court of Appeals here in Chicago who reportedly is on President Donald Trump’s shortlist for appointment ...
Rivian faces ban on direct sales in Michigan
(Bloomberg)—Michigan auto dealers are trying to block startup electric carmakers including Rivian Automotive Inc. and Lucid Motors Inc. from following in Tesla Inc.’s footsteps by selling vehicles ...
Illinois will give some retail weed applicants a do-over
Illinois is going to give some applicants who lost out in getting a chance for a retail marijuana license the opportunity to correct their applications before the state holds a lottery, Gov. J.B.
Double the demand for state's $300M COVID housing aid fund
An Illinois housing fund set up to help about 40,000 households catch up on their housing payments in the wake of COVID-era lost income got more than twice as many applications as it can fund. “It’s ...
The chiefs of Cboe and CME have a warning for City Hall
City officials seeking revenue to help fill a gaping 2021 budget hole got a strong warning from the heads of two big U.S. financial exchanges based in Chicago: Don’t touch LaSalle Street. CME Group ...
Byline Bank shuttering 20 percent of its branches
The parent of Chicago-based Byline Bank plans to shutter 20 percent of its branch network, making it the first local bank to take such aggressive measures on its brick-and-mortar presence—but likely ...
McDonald's ex-CEO says he shouldn't have to return severance
Chief Executive Officer Steve Easterbrook said the restaurant chain shouldn’t be allowed to claw back $37 million of stock grants in his severance because the company got the “benefit of the bargain” ...
FAA’s own engineers say proposed fixes to Max aren’t enough
The union representing the Federal Aviation Administration engineers overseeing Boeing Co.’s redesign of the grounded 737 Max says the government’s proposed fixes to the plane don’t go far enough. The ...