Toys R Us To Close Up To 182 Stores, Including 7 In Chicago AreaToys R Us, operating under bankruptcy protection since the fall, has announced it will close up to 20 percent of its stores, as it seeks to restructure its business under increasing competition from online retailers.
Toys 'R' Us Files For Bankruptcy, But Keeps Stores OpenToys 'R' Us, the toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season — and says its stores will remain open for business as usual.
Closing Adoption Agency Notifies Couple By Email They Won't Get A BabyJames and David Hickey say they shelled out $15,000. CBS 2's Audrina Bigos reports.
11 Charged With Bank Fraud For Credit Card SchemeEleven people have been charged with bank fraud for a scheme that involved fraudulently obtaining credit cards and quickly maxing them out.
Chicago Area Court Is No. 1 In Bankruptcy FilingsThe court says it had 47,535 case filings in the 12-month period ending March 31, overtaking the Bankruptcy Court for the Central District of California.
Sports Authority Files For Bankruptcy, Will Close 140 StoresOne of the nation’s largest sporting goods retailers, Sports Authority, has announced plans to close or sell about 140 stores, and two distribution centers, including one in Romeoville, as it files for Chapter 11 bankruptcy protection.
Crumbs Bake Shops Close, Company Could Seek BankruptcyGourmet cupcake shop Crumbs Bake Shop has shut down all its stores, including two in Chicago, in the wake of multimillion dollar losses.
Developer Of Spire Seeking To Revive 2,000-Foot Skyscraper ProjectAn 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.
Company That Supplies Chicago's Bike-Sharing Program Files For Bankruptcy: ReportThe news casts a shadow on the city of Chicago’s plans to widely expand Divvy here, the Sun-Times reports.
Conservative Watch Dog: Pensions Could Bankrupt Illinois By 2015A conservative watch dog group is warning of dark days ahead for the entire state unless Illinois mends it's financial ways, and soon
Feds: Drivers Faked Bankruptcy To Avoid Auto Impound FeesIn a city well-practiced in the way of scams, this is a new one.
Tribune Co. Leaves Bankruptcy After 4 YearsTribune Co. emerged from a Chapter 11 restructuring Monday, more than four years after the media company sought bankruptcy protection.