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Business and Finance

Chicago saw less power outages, quicker response times in 2012

There were less power outages in Chicago 2012 than any other year since 1997, when the city began to review ComEd’s compliance with its franchise agreement with Chicago, according to the findings in the Annual Commonwealth Edison 2013 Summer Preparedness and 2012 Reliability Report.

Walgreen sales increase in May

Lawmakers cast blame for pension reform inaction

Several state lawmakers discussed upon whom to place blame for the legislature’s recent failure to pass pension reform while appearing on a Monday night episode of WTTW’s “Chicago Tonight.”

During the show, state Rep. Michael Connelly (R- Naperville) said there is “nothing more important than pension reform” and added that Gov. Pat Quinn was ultimately to blame for the legislature’s failure to reach an agreement on pension system reform.  

Benefits of Heidrick & Struggles potential sale questioned

Sun-Times columnist Terry Savage exits

Fitch lowers Illinois credit rating, blames pensions

United to offer upgrades via subscription

Emanuel’s parking meter changes advance to City Council

The Chicago City Council Committee on Finance on Monday voted 15-6 to approve the revised terms of the city’s 75-year parking meter lease that Mayor Rahm Emanuel renegotiated with Chicago Parking Meters LLC.  

Why Gallagher is chasing the big deal

CME Group fines, suspends Morgan Stanley head of rates