Business News – Chicago Tribune

Chicago technology company Sprout Social expects its initial public offering of stock to be priced at between $16 and $18 per share.

Hedge fund Alden Global Capital, which became the largest shareholder in Tribune Publishing last month, added two members to the company’s board and agreed to limit its ownership stake to 33% until June 30.

Shoppers are expected to spend a record $9.4 billion on purchases made on their phones and computers Monday, up about 19% from last year’s Cyber Monday. That’s according to Adobe Analytics, which tracks transactions at 80 of the top 100 U.S. online stores.

  • Shoppers are expected to spend a record $9.4 billion on purchases made on their phones and computers Monday, up about 19% from last year’s Cyber Monday. That’s according to Adobe Analytics, which tracks transactions at 80 of the top 100 U.S. online stores.

  • A World Trade Organization panel ruled Monday that the European Union has not complied with an order to end illegal subsidies for plane maker Airbus, which prompted the Trump administration to impose tariffs on nearly $7.5 billion worth of EU goods in October.

  • Chicago technology company Sprout Social expects its initial public offering of stock to be priced at between $16 and $18 per share.

  • A look back at the billionaire owners, company name changes and industry reactions to the sweeping leadership changes at Tribune Publishing.

  • Customer Growth Partners also mentioned Amazon.com and Costco Wholesale Corp. as faring well over the holiday shopping weekend.

  • Hedge fund Alden Global Capital, which became the largest shareholder in Tribune Publishing last month, added two members to the company’s board and agreed to limit its ownership stake to 33% until June 30.

  • Buying something online takes a single click. Returning it? That’s not so seamless. But a growing number of online retailers are are teaming with bricks-and-mortar chains to try to make returns less of a hassle — or at least no worse than a return to a traditional store.

ADVERTISEMENT

Get the latest business news headlines, delivered to your inbox midday weekdays.

Get the latest business news headlines, delivered to your inbox midday weekdays.

  • None of Brightline’s deaths were caused by crew error or faulty equipment. The majority have been suicides, while most others involved impatient motorists, pedestrians or bicyclists

  • People, some from out of state, camped out overnight to take advantage of the first legal recreational marijuana sales in Michigan.

    By Breana Noble, The Detroit News

    7:00 AM

  • Amazon said in a statement that “all sellers must follow our selling guidelines” and that those who do not will be removed.

  • Regional public transit for the disabled can be a confusing patchwork, with multiple obstacles to getting around, according to a new report by the Metropolitan Planning Council.

  • Shoppers have been looking for “Frozen 2” toys in particular. Other top purchases included sports video games and Apple laptops.

  • The deal also includes a promise not to close any factories where vehicles are assembled for the next four years and a commitment to keep making vehicles at a plant in Belvidere, Ill.

    By TOM KRISHER

    Nov 30, 2019

  • Artisan cheese mongers and sandwich shop standout Pastoral is closing all locations in Chicago, including Bar Pastoral wine bar.

MOST READ ON CHICAGOTRIBUNE.COM

  1. 1.

    1h

  2. 2.

    7:04 AM

  3. 3.

    7:10 AM

  4. 4.

    1h

  5. 5.

    1:07 AM

  • Artisan cheese mongers and sandwich shop standout Pastoral is closing all locations in Chicago, including Bar Pastoral wine bar.

  • The post-Thanksgiving crowds at stores aren’t quite as thick as they used to be, thanks to Black Friday deals that now stretch earlier in November and can often be found online, sometimes even before shoppers can get them in stores. But the kickoff to the holiday shopping season is still key for retailers, with an estimated 165.3 million people expected to shop between Thanksgiving and Cyber Monday.

  • More companies are beefing up security measures with new techniques, and even new legal authority, to deal with growing fears about violence on the job.

    By Sean Murphy

    Nov 29, 2019

  • German automaker Daimler said Friday that it plans to cut at least 10,000 jobs worldwide by the end of 2022. It plans not to fill some vacant posts and to offer severance packages in Germany to reduce administrative jobs.

  • More Illinois primary care doctors are embracing medical marijuana as weed use is about to take off.

  • Chicago-based Hazel Technologies is part of a new wave of innovation improving upon technology that extends the life of produce and other perishables in hopes of curbing food waste.

  • Warren Buffett has been stymied on the acquisition front in recent years, and Berkshire’s $140-a-share bid for Tech Data Corp. was topped by a $145 offer from Apollo Global Management, according to CNBC.

    By Katherine Chiglinsky

    Nov 29, 2019

LATEST ON CHICAGOTRIBUNE.COM

Blair Kamin

  • Tribune architecture critic Blair Kamin rates the Mag Mile’s flagship stores, just as the holiday shopping season gets underway on North Michigan Avenue.

Ryan Ori

  • A developer whose plans to replace a Barnes & Noble bookstore with a 39-story apartment tower were rejected by a Chicago alderman has bought the site anyway, in a $61 million deal that could foreshadow more rounds of zoning negotiations.

Getting Around

  • Regional public transit for the disabled can be a confusing patchwork, with multiple obstacles to getting around, according to a new report by the Metropolitan Planning Council.