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.
The parent company of the Chicago Sun-Times has purchased the Chicago Reader, reportedly for slightly under $3 million.
A group led by Magic Johnson has won the bidding war to buy the Los Angeles Dodgers.
DePaul University will be taking over one of the buildings on the Children’s Memorial Hospital campus after the hospital moves from its Lincoln Park home.
In the biggest order ever for a Chicago company, Boeing has finalized an order from Indonesian carrier Lion Air for 230 planes.
The sale of the Chicago Sun-Times is a done deal.
The owners of the Cubs have purchased the lot directly across from Wrigley Field, where a prominent McDonald’s now stands.
The historic Belden-Stratford building on Lincoln Park West has been sold to a Chicago investment firm.
Real estate mogul Sam Zell is reportedly paying $95 million to buy the Elysian Hotel in the Gold Coast.
Google has struck a deal to buy Libertyville-based Motorola Mobility Holdings for $12.5 billion in cash.
Former Chicago Tribune chief executive officer Randy Michaels is reportedly set to buy two high-profile local FM radio stations, on the heels of a new book that exposes some raunchy tales about Michaels’ conduct in Tribune Tower.
Deerfield-based Walgreens will buy online retailer Drugstore.com for $429 million.
Chicago-based Groupon could soon be part of the Google empire.