Business



Pullman Area To Go Hydroponic

By The Chicago Times Business Staff December 30, 2021 CHICAGO – Vertical Harvest, a Wyoming-based agriculture company, announced on Dec 27 it will build a hydroponic farm in Pullman. According to Vertical Harvest, construction will begin in early 2022 on a $40 million, 63,000-square-foot farm adjacent to the Pullman WheelworksContinue reading “Pullman Area To Go Hydroponic”

ComEd Customers Save $6 Billion Under ComEd Energy Efficiency Program

By The Chicago Times Business Staff December 28, 2021 CHICAGO – On December 20, ComEd announced that customers saved more than $6 billion on energy costs as a consequence of the company’s energy efficiency initiative, which began in 2008. The ComEd Energy Efficiency Program is one of the largest inContinue reading “ComEd Customers Save $6 Billion Under ComEd Energy Efficiency Program”

Northrop Grumman Global Hawk Increases Participation In SkyRange Program

by Al Brown, The Chicago Times December 16, 2021 SAN DIEGO — Northrop Grumman Corporation announced on December 13 that it will assist the Department of Defense Test Resource Management Center (TRMC) in starting engineering and planning work to reconfigure four US Air Force EQ-4 Block 20 Global Hawk aircraftContinue reading “Northrop Grumman Global Hawk Increases Participation In SkyRange Program”

MUSK DUMPS MORE TESLA STOCK

by The Chicago Times Business Staff December 14, 2021 AUSTIN, TX — Elon Musk, CEO of SpaceX and Tesla, sold off another 935,000 shares of his electric vehicle firm, valued at around $907 million, according to a SEC filings late Monday. Musk also exercised options to purchase 2.13 million sharesContinue reading “MUSK DUMPS MORE TESLA STOCK”

Evergrande Defaults On Debt?

by The Chicago Times Business Staff December 9, 2021 HONG KONG — According to Fitch Ratings, Evergrande, the troubled Chinese property developer, has defaulted on its loans. The corporation and its subsidiaries were downgraded to “limited default” by the credit ratings agency on Thursday, indicating that the company has failedContinue reading “Evergrande Defaults On Debt?”

Microsoft: Nadella Dumps More Than $285 Million Shares Of Microsoft

by The Chicago Times Business Staff December 1, 2021 REDMOND, WA — Microsoft Chairman and CEO Satya Nadella has sold more than half of his investment in the software giant. According to a statement with the Securities and Exchange Commission, Nadella sold almost 840,000 shares of Microsoft right before Thanksgiving,Continue reading “Microsoft: Nadella Dumps More Than $285 Million Shares Of Microsoft”

Boeing Awarded Contract To Deliver Additional Chinook Helicopters to U.S. Military

by The Chicago Times Business Staff November 28, 2021 CHICAGO — Boeing announced on November 24th that it has been awarded a $246.48 million contract to build six more MH-47G Block II Chinooks for the U.S. Army Special Operations Aviation Command. According to Boeing, the delivery of these aircraft isContinue reading “Boeing Awarded Contract To Deliver Additional Chinook Helicopters to U.S. Military”

Kellogg Company To Reopen Contract Talks With Striking Workers

by Sloan T. Wilson, The Chicago Times November 22, 2021 BATTLE CREEK, MI — This week, the cereal giant Kellogg Company will reopen contract negotiations with its 1,400 cereal plant workers, who have been on strike since October 5. Negotiations with the Bakery, Confectionery, Tobacco Workers, and Grain Millers InternationalContinue reading “Kellogg Company To Reopen Contract Talks With Striking Workers”

Waukegan Casino License Stalled Due To Allegations Of Insider Dealings

by John McPhaul, The Chicago Times November 19, 2019 WAUKEGAN, IL — The Illinois Gaming Board was expected to name the winner of the north suburban gambling license on Thursday, but the board deferred action due to an ongoing lawsuit that claims Waukegan officials “rigged” their selection process to favorContinue reading “Waukegan Casino License Stalled Due To Allegations Of Insider Dealings”

Pfizer CFO To Retire

by Sloan T. Wilson, The Chicago Times November 17, 2021 NEW YORK — Pfizer Inc announced on Wednesday that Chief Financial Officer Frank D’Amelio, 63, would leave the company after nearly 15 years. The pharmaceutical company has begun an external search for D’Amelio’s replacement, who also served as executive viceContinue reading “Pfizer CFO To Retire”

U. S. MARKETS RECOVER FOR DAY DESPITE WEAK CHINA DATA

by The Chicago Times Business Staff October 18, 2021 NEW YORK — Despite a report revealing slower-than-expected growth in China, which was blamed for early weakness, U.S. stocks finished mostly higher Monday, with buying in consumer discretionary and information technology helping to support the broader market. The Dow Jones IndustrialContinue reading “U. S. MARKETS RECOVER FOR DAY DESPITE WEAK CHINA DATA”

Clear Height Properties & Buligo Capital Sells 814 Commerce Dr. Property in Oak Brook

by The Chicago Times Business Staff October 8, 2021 OAK BROOK, IL — Clear Height Properties and joint venture partner Buligo Capital Partners have sold an Oak Brook office property, demonstrating the opportunity that some investors see in recently renovated suburban office assets with some vacancy. Helios Properties, based inContinue reading “Clear Height Properties & Buligo Capital Sells 814 Commerce Dr. Property in Oak Brook”

Corning, AT&T Expand Partnership To Meet Broadband Demand

by John McPhaul, The Chicago Times October 3, 2021 CORNING, NY — Corning Incorporated (GLW) announced September 28 that it is expanding its long-standing collaboration with AT&T (T). The collaboration will increase fiber infrastructure, expand broadband networks in the United States, and speed 5G implementation. Corning is investing $150 millionContinue reading “Corning, AT&T Expand Partnership To Meet Broadband Demand”

Lucid Starts Production in Arizona: Customer Deliveries expected in October

by The Chicago Times Business Staff September 29, 2021 NEWARK, CA — The Lucid Group has begun its Production Preview Week, a series of events in which Lucid opened the doors of its Advanced Manufacturing Plant and Lucid Powertrain Manufacturing factories in Casa Grande, Arizona, to members of the mediaContinue reading “Lucid Starts Production in Arizona: Customer Deliveries expected in October”