Latest News

Chicagoland Chamber exec offers tips on how small businesses can succeed

Chicagoland Chamber of Commerce Executive Director of Programs Katie Fitzpatrick recently wrote an op-ed published in Crain's Chicago Business this week on how small-business owners can attract and retain top talent in Chicago.

Town and Country, Premier banks to merge

Two Downstate Illinois banks, Town and Country Bank (TCB) and Premier Bank of Jacksonville, announced plans to merge on Oct. 1.

Star Energy Partners expands into Illinois

The newly expanded Illinois service area includes ComEd customers.

Anixter International closes Power Solutions deal

An $825 million deal between Power Solutions and Anixter International Inc. was recently completed, company officials announced.

SAVO Group hires new executive vice president

SAVO Group hired Doug Marquis as its new executive vice president of product development, company officials announced Monday.

Arthur J. Gallagher & Co. buys Burkwald & Associates

Burkwald & Associates Inc. of Pewaukee, Wisconsin was acquired last week by Arthur J. Gallagher & Co. for an undisclosed amount.

TCF Bank adding more ATMs to Chicago area

81 new bank-branded automatic teller machines being installed.

Hilco Industrial to liquidate assets at private sale

Assets previously owned by Ford Werke GmbH, which is closing, have been purchased recently by Hilco Industrial Acquisitions.

Pinpoint secures $11 million from investors, customers

Bundled payment and care coordination technology firm PinpointCare has secured $11 million from private investors and existing customers to be used for the company's enterprise solutions.

Nelson Hardiman opens Chicago office

Nelson Hardiman LLP in Los Angeles has opened a Chicago office and added Alex Thiersch, the founder and director of the American Med Spa Association, as its new general counsel.

Commerce Bank selects Hall to lead Bloomington market

Officials with Commerce Bank announced that Jared Hall will become its Bloomington market president this month.

Westell Technologies begins search for a new president

Westell Technologies Inc.'s Scott Goodrich, president of Westell’s In-Building Wireless (IBW), resigned effective Friday but plans to remain with the company as a consultant until year-end.

Chicago accounting firm adds legal experts to its expanding Midwest presence

David Joropp and Ilan Napchan have joined Honigman Miller Schwartz and Cohn LLP as the accounting firm continues to expand its Chicago office.

Illinois manufacturing company names new executive

Tenneco Inc. recently announced that Josep Fornos, executive vice president for clean air, is its newly established executive vice president for enterprise business initiatives.

ConAgra to move headquarters to Chicago, cut 1,500 jobs

ConAgra Foods said on Thursday that it will move its headquarters from Omaha, Nebraska, to Chicago in the summer of 2016 and plans to cut 1,500 jobs that could translate into $200 million in savings over three years.

Art Van Furniture, Ingrassia Interior Elements team up in franchise deal

Art Van Furniture has signed a franchising agreement that will fold Ingrassia Interior Elements in Rockford into its furniture and mattress business next month. Ingrassia, owned by Rose Ingrassia-Belida and Brian Belida, will close this month and reopen on Nov. 7 as Art Van Furniture of Rockford.

New Dow AgroSciences research facility opens at University of Illinois

Dow AgroSciences LLC announced Monday that it has opened a facility in the Research Park at the University of Illinois at Urbana-Champaign.

Royal Financial's purchase of PNA Bank clears regulatory hurdles

Royal Financial, Inc., parent firm of Royal Savings Bank, said this week that it has secured all regulatory approvals so it can proceed with its acquisition of PNA Bank, which then will merge with Royal Savings Bank.

AAR announces Michael Sharp as new CFO

Michael Sharp will become the new chief financial officer for AAR Corp. and replace John Fortson, who is leaving the company, effective Oct. 5.

Pepco, Exelon file petition with D.C. agency for merger reconsideration

Pepco Holdings and Exelon Corp. filed a petition this week with the Public Service Commission of the District of Columbia (PSC) for reconsideration of their proposed merger. Chris Crane, president and CEO of Exelon, said a settlement agreement is currently being discussed between the companies and the District of Columbia in hopes of resolving the matter.

Metro Business Network