Gourmet cupcake shop Crumbs Bake Shop has shut down all its stores, including two in Chicago, in the wake of multimillion dollar losses.
An ambitious plan to build a 2,000-foot skyscraper in Streeterville could be getting new life, after the developer of the Chicago Spire reportedly found an investor to help it emerge from bankruptcy.
The news casts a shadow on the city of Chicago’s plans to widely expand Divvy here, the Sun-Times reports.
A conservative watch dog group is warning of dark days ahead for the entire state unless Illinois mends it’s financial ways, and soon
In a city well-practiced in the way of scams, this is a new one.
Tribune Co. emerged from a Chapter 11 restructuring Monday, more than four years after the media company sought bankruptcy protection.
A federal grand jury has accused a 39-year-old woman of defrauding Chicago-based Tribune Co. during its lengthy bankruptcy.
The update on the sale process came as Hostess also received approval to give its top executives bonuses totaling up to $1.8 million for meeting certain budget goals to bring down costs during the liquidation.
Hostess Brands Inc. lived to die another day.
Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won’t go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.
Hostess, the maker of Twinkies, Ding Dongs and Wonder Bread, is going out of business, and customers have been rushing to local stores to grab their favorite fatty, sugary snacks before they’re gone.
The flagship Hostess product, the Twinkie, was invented by Schiller Park bakery manager James Dewar in 1930 under a precursor company, Continental Baking Co.
American Airlines pilots will be holding an informational picket at O’Hare International Airport Thursday afternoon, in the midst of an ongoing labor dispute.
The famed Chicago clothing retailer Mark Shale is will be closing three of its stores.
A local organization helping Chicago-area women cope with breast cancer abruptly shuts its doors — and is filing for bankruptcy.
A Chicago firm is soliciting offers for the sale of Green Garden Country Club in Frankfort, part of the ongoing bankruptcy case of former gas station magnate William J. McEnery.
The bankruptcy of Michael’s Fresh Market has drawn concerns about the store that stepped in to fill a vacancy in the South Kenwood neighborhood, after the Hyde Park Co-Op had left the site vacant for years.
The sale of the Chicago Sun-Times is a done deal.
With bankruptcy looming over the U.S. Postal Service, it’s possible that next-day delivery will no longer be an option.
American Airlines is seeking Chapter 11 bankruptcy protection as it seeks to unload massive debt created by high jet fuel prices and labor problems.