Tyson had been vying with rival poultry producer Pilgrim’s Pride for Hillshire, which wrapped up its bidding process Sunday. Tyson ended up raising its offer to $63 per share. It had previously offered $50 per share, after which Pilgrim’s Pride raised its bid to $55 per share.
Meade Electric Co. designs, installs and maintains electric, gas and telecommunications systems, WBBM Political Editor Craig Dellimore reports.
The U.S. Environmental Protection Agency has accused a company that stores huge piles of petroleum coke on the Calumet River of violating federal regulations to limit emissions of harmful black dust, after tracing clouds of the powdery substance to the company.
Restaurant owners in Chicago say the federal government needs to help stop the rising cost of food.
Takeover bids by Pilgrim’s Pride and Tyson Foods are being driven by the desirability of brand-name processed products like Jimmy Dean breakfast sandwiches.
An analyst says the so-called “fast-casual” restaurant market is increasingly competitive today. CBS 2’s Jim Williams reports.
Two days after poultry producer Pilgrim’s Pride made a $5.58 billion bid for the maker of Ball Park hot dogs and Jimmy Dean sausages, Tyson Foods Co. barged in with a $6.2 billion offer.
A mom-and-pop hardware store that’s been around since the 1880s will soon be closing for good.
The poultry producer Pilgrim’s Pride is offering to acquire Chicago-based meat producer Hillshire Brands in a deal worth about $5.58 billion to create a “protein-focused company.”
More people will be traveling this Memorial Day weekend compared to last year, and throughout the summer as well.
Leaf Brands, the company that invented Jolly Ranchers and Whoppers, just walked away with the most Innovative Product Award at this year’s National Sweets and Snacks Show in Chicago.
More than half of the McDonald’s staff at its corporate headquarters was told to work from home on Wednesday, because the threat of demonstrations by minimum wage workers forced the company to close an office building.
Strengthening its status as a “culinary capital of the world,” Chicago has been chosen to play host to the prestigious James Beard Foundation awards ceremony, known as the Oscars of the restaurant world.
O’Hare International and Midway airports came in near the bottom of the barrel for March on-time departure rates, new data released Thursday showed.
The news comes as Sears Holdings Corp.’s chairman, the billionaire hedge fund manager Eddie Lampert, has been under intense pressure to turn around its business. He took over as CEO in February 2013.
Ahead of an energy rate hike at ComEd next month, a utility watchdog group said it’s seen a dramatic increase in complaints about some of the practices of several alternative electricity companies.
The Chicago-based company, which makes Hillshire Farm lunch meats, Jimmy Dean sausages and Ball Park franks, said Monday that it would buy Pinnacle Foods in a deal valued at $4.23 billion.
The drug store giant has been eyeing the old Post Office building west of the Loop, along the Eisenhower Expressway, according to a Crain’s Chicago Business article posted Thursday.
Jet Magazine, a staple in African-American homes for 63 years, is pulling the plug on print. The Chicago based publication is shifting to online-only.
ComEd customers will be getting socked with higher electric bills this summer.
WBBM’s Comcast Business Class Newsmakers Series had Facebook co-founder Chris Hughes talk about social media applications and technologies to a packed Navy Pier Grand Ballroom on October 27th. (credit: CBS/Steve Hardy)
Cats! Kittens! Kittehs! We got ‘em all.
Newsmaker Series: Steve Forbes
Various photos form the Wintrust Business Luncheon