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Weathering the storm
After a six-year bull market, endowment funds at some of Chicago's biggest charities and foundations have lost ground over the past year. From the…
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August 18, 2008
News
Grabbing for gold
With the cheers of Beijing's Olympics crowds ringing in his ears, Mayor Richard M. Daley returned home last week to a chorus of demands from local groups looking to capitalize on his own Olympics…
Full Article View All Articlesin other news
Roads to lose $366 million
Illinois will get $366 million less in federal money for road repairs next year as a reduction in driving slashes gas tax revenue, estimates show…
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Coughing up more free care
Local non-profit hospitals provided more free care to poor patients last year, but not enough to satisfy political leaders who say the hospitals aren…
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Condo chasm hits new low
Sales of new homes downtown are grinding to a halt, casting doubts over when the market for trendy condominiums and townhouses will begin to recover…
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Focus
More green for green?
Ask 700 executives which social or political issue will have the biggest impact on their companies in the next five years, and the environment tops the list. Yet an analysis of 155 large U.S…
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Frontera Grill's seeds take root
Nine years ago, Bill Warner delivered 15 pounds of spinach to Rick Bayless at Frontera Grill. Considering it was the middle of winter, the chef was particularly thrilled with the quality. Plus, it…
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Other Stories From Focus
Business of Life
Shopping is good with euros to spend
Back home in Italy, Stefano Fante, 51, is a prudent consumer, buying just what he needs and never shopping while on vacation. But a $600 chocolate-brown leather jacket beckoned from the racks at the…
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Dining: RiverWalk dining all about setting
With shoreside views of tour boats plying the water beneath a spectacular cityscape, RiverWalk dining feels like a mini staycation, though the fare isn't as impressive as the setting.
Meals are…
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Other Stories From Business Of Life
- Crain's Lists
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This Week's List: Chicago's largest banks
View the Entire ListA list of the 25 largest banks with headquarters in Illinois, ranked by assets. Published July 21, 2008.
Rank Company Assets from 3/31/2008 1 Northern Trust Corp. $67,961,839,000.00 2 Harris N.A. $41,430,553,000.00 3 Corus Bank NA $8,976,744,000.00 4 First Midwest Bank $8,264,472,000.00 5 MB Financial Bank N.A. $8,074,996,000.00 Greg Hinz
Playing safe
Sometime shortly after the last twirling pixie hits the uneven bars and Michael Phelps packs up his gold medals for the trip home, another game will start for real. After months of pondering and mulling and weighing of options, Barack Obama and…
Full ArticleMarkets
Shampooing the globe
Alberto-Culver Co., seeking to keep its shine with investors, is setting its sights on Asia, Europe and South America. The Melrose Park-based maker of Alberto VO5 and Nexxus shampoos and conditioners says it's targeting rapid-growth economies such…
Full ArticleHave a plateful of Sara Lee, a Coke and a smile
CRAIN'S: You've developed an appetite for Sara Lee?MR. ACRI: We started buying the stock about two months ago around $12.50 a share, near its 52-week low (it closed Friday at $14.18). I think the worst is over for them, and they seem to be turning…
Full ArticleOpinion
Chicago needs rich hospitals to share wealth
Last week Crain's reporter Mike Colias broke the news on Attorney General Lisa Madigan's effort to redistribute the wealth in Chicago's hospital community by requiring rich hospitals to help support poor ones. We applaud that effort, which couldn't…
Full ArticleEditorial cartoon
This week's editorial cartoon by Roger…
Full ArticleThrowing away a $2-mil. athletic field a bad play
On Thursday, the Chicago Plan Commission will consider the Chicago Park District's application for an artificial turf soccer field in Lincoln Park. In 2006, the park district made an agreement with the Latin School to construct the field. Latin…
Full ArticleLetters to the editor
Hold off on green light for Indonesian hardwood I read with great interest "Journey to Java" (Focus, July 28) on San Juan Ventures and its sourcing of wood from Indonesia. Last year, Indonesia entered the ranks of the world's top carbon dioxide…
Full ArticleCorrections
Correction and clarification
An Aug. 4 Focus story on Hispanics who work in manufacturing should have clarified that Instituto del Progreso Latino runs a program in computerized numerical control in partnership with Wilbur Wright College. An Aug. 11 Business of Life story…
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View all of this Week's News
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