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Chicago Recent Blog Posts
Former McDonald’s Executive Russ Smyth Named New CEO at H&R Block
on Jul 22, 2008 in Business KANSAS CITY, Mo. – The tax services company H&R Block announced on Tuesday its board of directors has appointed former McDonald’s Corp. executive Russ Smyth as president and CEO. Smyth, who will take over on Aug. 1, 2008, replaces interim CE...
AT&T Posed to Roll Out Web-Based Television Service Throughout Chicago
on Jul 22, 2008 in Telecom CHICAGO – Telecom giant AT&T has laid the groundwork to begin providing television service. Last week, the company notified the city of Chicago that it may begin offering an Internet-based, high-definition TV network in parts of Chicago within...
Capital Markets Unit of Harris Bankcorp Cuts 50 Investment Bankers, Lenders
on Jul 22, 2008 in Business CHICAGO – BMO Financial recently laid of roughly 50 Chicago-based employees within the capital markets unit of subsidiary Harris Bankcorp, according to a Wednesday report by Crain’s Chicago Business. Those let go included investment bankers, len...
United’s UAL Corp. to Slash 5,500 More Jobs, Bolster Available Cash Flow
on Jul 21, 2008 in Travel CHICAGO – United Airlines parent company UAL Corp. announced on Tuesday steps to bolster its cash strength and cut its staff following $2.73 billion in second-quarter losses. UAL attributed the losses, which were lower than predicted by some analy...
AT&T Illinois to Forgo $5.5 Million in Rate Hikes to Compensate Customers
on Jul 21, 2008 in Telecom CHICAGO – AT&T Illinois will forgo $5.5 million in future rate hikes through 2011 as part of an agreement to correct billing errors on certain rate packages, Illinois Atty. Gen. Lisa Madigan said in a Monday statement. The concession is an ad...
Deerfield, Ill.-Based Walgreen Co. Plans to Slow Down Growth of New Stores
on Jul 15, 2008 in Business CHICAGO – Walgreen Co. in Deerfield, Ill. has recently announced that it will slow down its decade-long push to open new drugstores by cutting new-store growth from the current rate of 9 percent to 5 percent a year by fiscal 2011. The company antic...