Crain's Chicago Business

ChicagoBusiness.com serves as the official news platform for Crain's Chicago Business, which is part of a collection of over 20 business publications owned by Crain Communications. As a leading source for news, insights, and information on the business landscape in metropolitan Chicago, ChicagoBusiness.com caters to decision-makers in both the private and public sectors. To ensure their audience stays informed, Crain's employs a dedicated team of more than 20 skilled journalists. Additionally, Crain's publishes a weekly magazine titled Crain's Chicago Business, offering in-depth analysis, commentary, special reports, and various features. The organization also creates databases, hosts live events, and develops sponsored content, all aimed at enhancing readers’ understanding of the local business environment.

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CareerBuilder says AI, hiring slowdown crippled Monster merger

11 hours ago | chicagobusiness.com | Jonathan Randles |Steven Church

The merger of job recruitment sites CareerBuilder and Monster failed, in part, because of a slowdown in corporate hiring and competition from hiring tools driven by artificial intelligence, the company said in a Thursday bankruptcy court filing. The joint venture backed by Apollo Global Management Inc. filed for Chapter 11 bankruptcy in Delaware earlier this week, reporting $2.2 million in cash.
Greg Hinz: Pritzker's re-election bid doubles as a soft launch for 2028

1 day ago | chicagobusiness.com | Greg Hinz

Portraying himself as a proven champion for the middle class at a time when voters need a fighter, Gov. JB Pritzker today made it official: He will seek election to a third term as Illinois’ chief executive in the 2026 elections. And in a video and a statement released this morning, the Chicago Democrat clearly hinted he’s also eyeing an even bigger job that will be up in 2028: president of the United States. “We don’t just talk about problems.
Lakeshore hotel goes up for sale as either a hospitality or a housing bet

2 days ago | chicagobusiness.com | Danny Ecker

The owner of the former W hotel overlooking Lake Michigan has put the property up for sale, marketing it to investors as an opportunity to either bet on the city's recovering hospitality market or convert the building into apartments. Park Hotels & Resorts has hired Jones Lang LaSalle to seek a buyer for the 520-room inn at 644 N. Lake Shore Drive, according to a marketing flyer.
Veradigm updates financials, eyes return to Nasdaq listing

3 days ago | chicagobusiness.com | Jon Asplund

Chicago-based health care technology company Veradigm touted growth in new health care data and tech deals in the first quarter of 2025 and expectations for flat revenue growth compared to 2024. The company also said its official financial reporting and a return to a Nasdaq listing should come in 2026, relieving it of some costs stemming from a 2022 reporting breakdown.
Ronald McDonald House buys Streeterville neighbor, eyes expansion

3 days ago | chicagobusiness.com | Danny Ecker

Ronald McDonald House Charities' flagship Chicago location in Streeterville is in line for a big expansion after the non-profit acquired the restaurant property next door. A venture of the Chicago-based charity paid $11.5 million earlier this month for the Volare Ristorante Italiano property at 201 E. Grand Ave., according to Cook County property records. The restaurant at the southeast corner of Grand Avenue and St. Clair Street is adjacent to the 16-story Ronald McDonald House at 211 E. Grand Ave.
Supreme Court won't hear appeal over Illinois' COVID vaccine mandate

4 days ago | chicagobusiness.com | Jon Asplund

State employees and contractors said the act protected them from being required to get the COVID-19 vaccine. However, the General Assembly and Pritzker exempted the COVID vaccine during the height of the pandemic with a provision that said requirements "intended to prevent contraction or transmission of COVID-19 or any pathogens that result in COVID-19 or any of its subsequent iterations" did not violate the law.
Chicago Fed's Goolsbee says if tariff 'dirt' clears, central bank should cut rates

4 days ago | chicagobusiness.com | Jonnelle Marte

Federal Reserve Bank of Chicago President Austan Goolsbee said the central bank could resume interest-rate cuts if the inflation hit from tariffs remains subdued, without weighing in on the exact timing of such a move. “The surprise has been that, so far at least, we’ve had three months of inflation data where there hasn’t been much inflation,” Goolsbee said Monday during an event in Milwaukee.
Berlin Packaging moving HQ to Merchandise Mart

4 days ago | chicagobusiness.com | Danny Ecker

Packaging supplier Berlin Packaging is moving its headquarters from the West Loop to the Merchandise Mart, another dividend for the River North building's owner after it poured tens of millions of dollars into renovations. Berlin has signed a lease for 38,554 square feet on the fourth floor of the mammoth riverfront property, according to people familiar with the agreement. The company will relocate its main office to the Mart from 525 W.
Top Earners at the American Health Information Management Association

4 days ago | chicagobusiness.com | Jon Asplund

By Jon AsplundThe Chicago-based American Health Information Management Association is the voice and authority of health information. AHIMA-certified professionals are charged with ensuring patient health information remains accurate, accessible, protect and complete. Source: Total cash compensation includes base compensation, bonus and incentive compensation, and other reportable compensation from the organization and related organizations for 2023 fiscal year.
Advanced practice providers fill growing workforce gap in value-based care

4 days ago | chicagobusiness.com | Jon Asplund

Some 55 certified registered nurse anesthesiologists students from Chicago-area universities took part in a workshop June 21 in which they were told they were the future of health care. A continuing workforce shortage nationwide has gripped health care as physicians retire, or burn out, and too few new doctors are coming out of medical school to keep up with anticipated growing demand.