Abbott Declares Quarterly Dividend

By The Chicago Times Business Staff

February 18, 2023

ABBOTT PARK, IL – Abbott Laboratories declared on Thursday a quarterly common dividend of 51 cents per share.

According to Abbott, this is the 397th consecutive quarterly dividend to be paid by Abbott since 1924. The cash dividend is payable May 15, 2023, to shareholders of record at the close of business on April 14, 2023.

Northrop Grumman Board Declares Quarterly Dividend

Northrop Grumman

February 15, 2023

FALLS CHURCH, VA – The board of directors of Northrop Grumman Corporation (NYSE: NOC) declared a quarterly dividend of $1.73 per share on Northrop Grumman common stock, payable March 15, 2023, to shareholders of record as of the close of business Feb. 27, 2023.

Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers’ toughest problems, our 95,000 employees define possible every day.

Metra Approves New Strategic Plan

By Jeff L. Tucker, The Chicago Times

February 16, 2023

CHICAGO – Metra announced Wednesday the approval of a new 2023-2027 strategic plan that focuses on addressing the operational and financial challenges of a post-COVID world and sets ambitious goals for the agency’s evolution and growth.

The My Metra, Our Future strategic plan is an update to the previous plan, On Track to Excellence, which focused on Metra’s operating and capital funding shortfalls. The new plan will focus on variety of new challenges brought on by the pandemic, including new commuting patterns, demands for new service options and attracting and retaining workers.

To fulfill Metra’s mission and vision, the strategic plan is built around five equally important and related goals. They reflect the evolving priorities of Metra, regional transit needs, and customers:

  • Enhance service to grow ridership and provide mobility choices
  • Ensure the Metra experience is safe, easy, and enjoyable for all customers
  •  Attract a diverse workforce and invest in our employees
  •  Innovate to become more efficient and effective
  • Be a socially responsible organization committed to equity and sustainability

“With the vision and goals that are outlined in this new strategic plan, we are recognizing that Metra must adapt and evolve to meet our riders’ and the region’s transit needs.  It won’t be easy, but we will do everything within our ability and budget to achieve these goals and make our new vision a reality.” said Metra CEO/Executive Director Jim Derwinski.

Bally’s To Open Dealer Academy

By Al Brown, The Chicago Times

February 15, 2023

CHICAGO – Bally’s has announced Tuesday that it will be opening a dealer training centers in hope of recruiting local talent for their planned River West casino.

According to the announcement, Bally’s will partner with City Colleges of Chicago to offer local residents training to become a qualified casino table games dealer.

“Our Dealer Training School is an exciting opportunity for Chicagoans to receive real workforce training for a new profession and become a member of one of the best gaming companies in the world.  We are pleased to offer future Bally’s table games dealers an excellent career path with more advancement opportunities that will be created with the opening of the permanent casino.” said Senior VP and Regional General Manager of Bally’s Corporation Ameet Patel.

The announcement stated that candidates who successfully graduate from the program and pass a skills audition will be offered an opportunity to begin a career with Bally’s Chicago table games team.

The new Bally’s River West Casino will be located at 777 W. Chicago Ave, Chicago, the former printing plant of a local Chicago newspaper.

Bally’s will host a series of information sessions to give candidates an opportunity to meet Bally’s management team and learn more about table gaming career opportunities and when to register for upcoming classes.

Upcoming session dates, times and locations are as follows:

  • Harold Washington College Fri, Feb 17 10AM & 3PM
  • Malcolm X College Tue, Feb 21 10AM & 3PM
  • Jesse White Community Ctr. Thu, Feb 23 10AM & 3PM
  • Bally’s Chicago Admin Office Sat, Feb 25 9AM & 12PM
  • Harry S Truman College Mon, Feb 27 10AM & 3PM
  • Olive-Harvey College Tue, Feb 28 10AM & 3PM

Bally’s Chicago will schedule other neighborhood information sessions to ensure wide participation across the South and West sides.

Individuals 21 years and older can RSVP for upcoming sessions and get more details by registering at

IRS Will Not Tax Most 2022 State Issued Relief Checks

By Al Brown, The Chicago Times

February 12, 2023

WASHINGTON, DC – The IRS announced Friday that it will not tax most relief checks issued by states in 2022.

The IRS said it will not challenge the taxability of payments related to general welfare and disaster that were issued by 21 states in 2022.

“The IRS appreciates the patience of taxpayers, tax professionals, software companies and state tax administrators as the IRS and Treasury worked to resolve this unique and complex situation.” the IRS said a prepared statement.

According to the IRS, states where the relief checks do not have to be reported as income are: California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Maine, New Jersey, New Mexico, New York, Oregon, Pennsylvania and Rhode Island.

Walmart to Close Three Chicago Area Stores

By Sloan Wilson, The Chicago Times

February 12, 2023

CHICAGO – Walmart announced Wednesday three stores in the Chicago area will be closing.

“We are grateful to the customers who have given us the privilege of serving them at our Homewood, Lincolnwood, and Plainfield locations. We look forward to serving them at our other stores in the surrounding communities and on” Walmart said in a press release.

Employees at those locations have been given the option to transfer to other retail locations.