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2018年4月20日 星期五

Carson's liquidation sales begin | South Works development on hold | Tech entrepreneur running for mayor

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Chicago Tribune

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April 20, 2018

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BizWrap

Carson's closures may mean deals for shoppers, more challenges for hard-hit malls

Friday, Apr 20

Carson's and Toys R Us are closing all their stores, leaving more mall and shopping centers in search of tenants. And few businesses need such giant spaces.

Soil contamination puts South Works project, which would turn old U.S. Steel site into 20,000-home development, on hold

RYAN ORI: More than eight months after plans for 20,000 homes on Chicago's south lakefront were unveiled, the project is in doubt amid "soil contamination problems."

In uphill mayoral bid, tech entrepreneur Sales-Griffin stresses shrinking Chicago

On Saturday, the 30-year-old business leader and teacher will launch a campaign focused on term limits, removing big money from politics and using technology to shine a spotlight on the city's budget.

True Value owners approve selling majority stake in hardware co-op to private equity firm

True Value will no longer operate as a cooperative after selling a 70 percent stake to a Washington, D.C.-based private equity firm.

Southwest Airlines sends passengers of deadly flight $5,000 checks, $1,000 flight vouchers

Southwest Airlines has sent passengers of Flight 1380 a letter of apology that includes a check for $5,000 "to cover any of your immediate financial needs"

Wells Fargo hit with record fines, will pay $1 billion for mortgage, auto lending abuses

Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses.

Big banks saved $3.6B in taxes last quarter under new law

The nation's six big Wall Street banks posted record, or near record, profits in the first quarter, and they can thank one person in particular: President Trump.

Philip Morris' next challenge: Get boomers hooked on vaping

After its stock fell the most in a decade on Thursday, Philip Morris International's challenge is to convince baby boomers to switch from cigarette smoking to a distinctly millennial activity — fiddling with high-tech, smokeless gadgets.

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