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Medicaid misery
Nursing homes and hospitals are buckling under the weight of Illinois' $1.91 billion in unpaid Medicaid bills. The state-run health plan for the…
Full Article
December 01, 2008
News
Chicago's stake in Detroit
The collapse of a Detroit automaker would send shock waves through Chicago, from South Side manufacturers to northwest suburban dealerships to downtown TV studios. As General Motors Corp., Ford…
Full Article View All Articlesin other news
Suburban homebuilder's troubles deepen
Lenders are turning up the pressure on Pasquinelli Homebuilding LLC, another local developer buffeted by the housing crisis.
In recent months, Park…
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McD's high-low plan for hard times
McDonald's Corp. is taking on the recession with a strategy of cheap eats and pricey drinks.
Missing from the menu so far are any new entrees. While…
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Griffin, CME 'ready' for swaps
In the high-stakes race to become the premier clearinghouse for credit-default swaps, CME Group Inc. and Citadel Investment Group believe they've…
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Focus
Chicago's coolest offices
The Powerhouse Building in the West Loop was vacant for decades, a historic relic that fell into disuse and disrepair. Once home to massive coal-fired burners and generators for the Chicago…
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Abelson-Taylor Inc.
Employees walking on the seventh floor of Abelson-Taylor's offices often look across the atrium and see a co-worker sitting in the cafe on the sixth floor.
"People will wave," says Beth Hall, vice-pr…
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Other Stories From Focus
Business of Life
Where to be crafty (or pretend)
Chicago caterer Molly Schemper hosts a cookie-baking party for close friends right before every holiday season. The cookies are made with top-notch ingredients and baked in her professional ovens…
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St. Nicholas Ball delivers for kids
Catholic Charities of the Archdiocese of Chicago, the local church's social-service arm, was founded in 1917 by a group of businessmen who combined existing and new services for the community. Today…
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Other Stories From Business Of Life
- Crain's Lists
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This Week's List: Chicago's largest commercial real estate brokers - Sales
View the Entire ListA list of the 20 largest commercial real estate brokers, ranked by total value of local sales transactions. Published Dec. 1, 2008.
Rank Company/address Total value of sales transactions (millions) for year ended 9/30/2008 1 CB Richard Ellis Inc. $2,797.8 2 Eastdil Secured LLC $1,429.8 3 Colliers Bennett & Kahnweiler Inc. $1,020.0 4 Cushman & Wakefield Inc. $781.1 5 Holliday Fenoglio Fowler L.P. $734.0 Greg Hinz
Family value
When it comes to the capacity to drink milk, I'll pit the 17-year-old in our house against anyone. Hot or cold, good day or cranky day, the white stuff goes. No matter how many times my partner squawks and asks the kid to stop at, say, half a gallon…
Full ArticleMarkets
Pennies from Wall Street
Got a couple of spare bucks? Chicago stocks are on sale. Local companies of all sizes have been dragged down by market bloodletting, with shares of at least 27 ending Friday below $5, a threshold that's part of regulators' definition of a penny…
Full ArticleOil's sell-off leaves gusher of opportunities
CRAIN'S: Why do you believe U.S. stocks are undervalued?MR. KIDDOO: Based on a $70-per-share estimate for next year's earnings across the S&P 500, you get a price-to-earnings ratio of 11, well below the 20-year historical average of 16. A return to…
Full ArticleOpinion
Gravy train will need push from Springfield
The mother of all infrastructure bills is coming from Washington, D.C., in the form of President-elect Barack Obama's economic stimulus plan. Billions will flow to the states for road building, bridge repair, railroad upgrades and school…
Full ArticleMayor Daley's war on climate change worth the fight
Mayor Richard M. Daley, the greenest of America's mayors, bested his peers once again when he recently unveiled a "Climate Action Plan," the first of its kind in the nation, to cut Chicago's greenhouse gases to 75% of 1990 levels between now and…
Full ArticleLetters to the editor
Political unity is only cure for rising heath care costs In spite of the economic downturn, health care costs continue to soar, and the recent news that Chicago employers are gearing up for more increases in benefit costs highlights the need for…
Full ArticleEditorial cartoon
This week's editorial cartoon by Roger…
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View all of this Week's News
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