Tribune Rejects Second Gannett Bid; Sets The Stage For TalksGannett Co. said Monday that it will determine whether to continue its pursuit of Tribune Publishing after that company's June 2 stockholder's annual meeting, where it has urged Tribune shareholders to reject the proposed slate of board nominees.
After The Bell: Stocks Close Lower On Interest Rate Hike ConcernsThe S&P 500 shed 7, the NASDAQ lost 26 and the Dow Jones industrial average closed down over 91 points, settling to 17,435.
Council Delays Final Vote On Airbnb Rules Amid Last-Minute ChangesA final vote on new regulations for house-sharing services like Airbnb has been delayed until next month, after some aldermen objected to approving changes presented by the Emanuel administration just minutes before Wednesday’s City Council meeting.
Gannett Ups Bid For Takeover Of Tribune PublishingUSA Today owner Gannett has boosted its takeover bid for Tribune Publishing Co. by about 22 percent one week after the owner of the Los Angeles Times, Chicago Tribune and other newspapers adopted a "poison pill" plan to thwart the unsolicited offer.
Tribune Publishing Adopts 'Poison Pill' Plan To Fend Off GannettGannett offered to buy Tribune Publishing last month for more than $388 million. Tribune rejected the offer last week, saying the price was too low.
Boeing Rejects Peace Activists' Push To Detail Weapons Sales To IsraelBoeing shareholders overwhelmingly voted down a proposal to disclose more information about the company’s weapons sales to Israel on Monday, but anti-war activists behind the idea pledged to keep up the fight.
Gannett Tells Tribune Shareholders Not To Vote For BoardGannett, the publisher of USA Today and other newspapers, said Monday that withholding a vote at Tribune's annual meeting next month will send a message to the management team that it needs to engage in takeover talks.
Balmoral, Maywood Park Race Tracks To Auction Off AssetsGrandstand seats, televisions, starter cars, and sulkies are among thousands of items up for auction at Maywood Park in Melrose Park and Balmoral Park in Crete.
USA Today Owner Gannett Bids To Buy Tribune PublishingNewspaper publisher Gannett said Monday that it wants to buy rival Tribune Publishing in a deal with a total value of about $815 million.
After The Bell: Stocks Lower On Oil WeaknessThe S&P 500 lost 2, the NASDAQ shed 7 and the Dow Jones Industrial average closed down nearly 29 points, settling to 17,897.
Minimum Wage Workers Stage Daylong 'Fight For $15'Thousands of low-wage workers planned to protest all over Chicago on Thursday to fight for a $15 minimum wage. The rallies started around dawn, and were scheduled to continue through Thursday night, with many workers planning to walk off the job.
Aldermen Push For Sick Leave Mandate For Chicago WorkersSeveral aldermen have introduced an ordinance that would guarantee paid sick days to an estimated 400,000 workers in Chicago.