Bankruptcy hearing to be held for Hawthorne Race Course
A judge is scheduled to consider the sale of the track in Stickney to a buyer who wants to use the site for other purposes.
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A judge is scheduled to consider the sale of the track in Stickney to a buyer who wants to use the site for other purposes.
The reorganization plan is said to preserve 250 jobs while prioritizing paying accrued purses to the Illinois Horsemen's Association, including thoroughbred owners and trainers, as well as payroll for track employees.
Accessories retailer Claire's just revealed a list of hundreds of stores it will close as part of its Chapter 11 bankruptcy proceedings.
In a court filing this week, the Hoffman Estates-based retailer listed more than 290 stores it plans to close.
The popular global jewelry retailer will be selling most of its business in North America to the private equity firm Ames Watson.
CBS News Chicago started investigating Gast Monuments after multiple families told us it never delivered the headstones they paid for.
Fabric and crafts retailer Joann has announced it will be closing approximately 500 stores nationwide, almost a year after filing for bankruptcy.
TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.
Toys "R" Us opened a new standalone store in the Chicago suburb of Norridge, a surprising turnaround for the company that filed for bankruptcy in 2017.
The company, known for its plastic food storage containers, announced the filing in a statement. Chapter 11 bankruptcy allows companies to solve financial problems by restructuring. The company was founded in 1946.
Seafood chain declared bankruptcy in May after struggling with slowing growth and mounting competition.
Dolton, Illinois' acting police chief appeared before a federal judge and pleaded not guilty on Thursday to multiple charges of bankruptcy fraud and perjury, among others.
Federal prosecutors said Lacey lied about his income in bankruptcy statements in order to halt enforcement of a settlement order in a lawsuit filed against him.
The Winnetka-based private equity firm Osprey Capital submitted the winning bid at the bankruptcy auction Wednesday morning.
The bids come from Dutch Farms and the private equity firm Hoffman Family Companies, who said they will make a competitive offer.
The company announced Tuesday that it received a stalking horse bid to purchase its operating assets.
Express will be closing stores soon in the Loop, Lincoln Park, Lincolnwood, and Merrillville, Indiana.
Dolton Village Manager Keith Freeman has been accused of falsifying his income in a bankruptcy filing, and faces up to five years in prison if convicted.
Oberweis listed more than $4 million in unsecured debt to its top 20 creditors, including more than $770,000 to an Illinois trucking company, and more than $173,000 to the Cook County Treasurer's office, which collects property taxes.
Robert Crimo Jr. reported debts of more than $1.6 million to at least 50 creditors, not including the mortgage on his home, for which his bank already has foreclosed.
Purdue Pharma has pleaded guilty twice to federal criminal charges relating to its marketing of oxycontin.
WeWork sought to transform the office space industry. Now the company is seeking Chapter 11 bankruptcy protection.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
We have introduced you to a number of Window Depot of Chicago customers who say they company took deposits for repair jobs – but never did the work. CBS 2's Charlie De Mar has the story of another customer, and what the company's former owner said in Bankruptcy Court.
Party City filed for bankruptcy protection Tuesday after years of losses and weak sales.
Wrigley Field is now the first Major League Baseball Park to be considered a Certified Autism Center.
The recall affects certain 2020-2027 Aviator and 2020-2026 Explorer vehicles.
A man was shot and wounded early Tuesday in the Wentworth Gardens public housing development just south of Rate Field.
Charges were pending Tuesday morning for a man accused of shooting a woman and a Chicago police SWAT officer in Chicago's Albany Park community the day before.
An officer's weapon fired during an arrest attempt in Chicago's North Lawndale neighborhood early Tuesday morning.
Parents of students in the Chicago Public Schools system had a chance Monday to weigh in on the next budget.
Local leaders and housing advocates on Monday called on Chicago's City Hall to push back on a so-called FAIR Ordinance, which would scale back some of the plans in Mayor Brandon Johnson's Protect Renters Ordinance.
Homeland Security Investigations is an arm of ICE, meaning the immigration enforcement agency would effectively be investigating incidents involving its own agents.
This is the first time in more than 150 years that a vice president's family had a child while in office.
Lt. Gov. Sara Rodriguez ended her Democratic primary campaign for Wisconsin governor Friday, citing financial problems she said would distract from an election Democrats need to win.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Chicago just barely made the top 20 in the American College of Sports Medicine's 2026 ranking of the country's fittest cities.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
The north Chicago suburb of Glenview became the latest Illinois municipality this week to confirm mosquitoes testing positive for the West Nile virus this year.
Environmental and community groups are suing the U.S. Environmental Protection Agency for failing to act on a petition challenging U.S. Steel Gary Works operating permit renewal.
Illinois American Water and Aqua Illinois are both seeking rate increases that would raise monthly bills by as much as $28, while their parent companies seek regulatory approval to merge — a deal a consumer watchdog says would give one company control of nearly all regulated water customers in the state.
The Federal Trade Commission and attorneys general from several states secured a right-to-repair settlement Wednesday with agriculture equipment giant Deere & Co. — commonly known as John Deere — that requires the company to let farmers and independent shops fix their own equipment.
Chicago Soul Café opened Monday at 6248 S. St. Lawrence Ave.
The Chicago Bears this weekend said they are assessing land at Wolf Lake Terminals in Hammond, Indiana, for a possible new stadium.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
Christopher Nolan's "The Odyssey" is the first film shot entirely on 70mm IMAX cameras, and Cinemark Seven Bridges in Woodridge is 1 of roughly 30 theaters nationwide equipped to show it that way.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
The actor's agent said he was providing more information following news reports "which contain inaccuracies and outright falsehoods."
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
The 46th Taste of Chicago is cashless for the first time, accepting only credit cards, with a drone and fireworks show scheduled for approximately 9:15 p.m. Friday near Buckingham Fountain.
Lettuce from Taylor Farms is still the source of the cyclospora investigation, according to the FDA.
Residents were told to shelter in place during the search, but that order was lifted after about two hours. However, as Darius Johnson reports, police were still searching Tuesday morning for whoever was behind the shooting.
An officer's weapon fired during an arrest attempt in Chicago's North Lawndale neighborhood early Tuesday morning.
"Suffs" actress Ariana Burks shares an inside look at the musical now in Chicago.
The Highland Park Players presents "Beautiful: The Carol King Musical."
An officer's weapon fired during an arrest attempt in Chicago's North Lawndale neighborhood early Tuesday morning.
Police say a man and a woman were last seen speaking with the victim before the shooting.
Charges were pending Tuesday morning for a man accused of shooting a woman and a Chicago police SWAT officer in Chicago's Albany Park community the day before.
Wrigley Field is now the first Major League Baseball Park to be considered a Certified Autism Center.
The recall affects certain 2020-2027 Aviator and 2020-2026 Explorer vehicles.
Neighbors in the Avalon Park neighborhood said their community has been plagued by squatters, weeds, rats, and water leaks – all thanks to an abandoned home that's been sitting vacant for years.
Chicago has been feeling the heat this week, with highs in the 90s the past five days, but officials are making moves to cool off some of the hottest parts of the city, specifically Chicago Park District fieldhouses where many turn to keep cool.
Gene Rush survived throat cancer, but he didn't survive a trip to the Porter County Jail over 4th of July weekend. His family said jail staff failed to provide lifesaving medical care.
Haze from Canadian wildfire smoke that has settled in Chicago on Thursday is directly connected to climate change, according to experts, who said days like this could be more problematic moving forward.
A pair of jewelry importers have been charged in federal court in Chicago with smuggling millions of dollars in gold jewelry into the U.S. to avoid taxes, schemes uncovered by a federal task force that has surpassed $1 billion in recoveries and penalties over the past year.
Chicago right-hander Jameson Taillon allowed four runs and five hits over 4 1/3 innings in his first big league start since June 7.
Benintendi was hitless in 10 at-bats against deGrom before hitting a two-out, 2-2 pitch to right field to give the AL Central-leading White Sox a 5-2 lead.
Spain topped Argentina in extra time, one-nil, after playing scoreless for 90 minutes at MetLife Stadium in New Jersey.
Jordin Canada didn't score a point in the first half. With 0.3 seconds on the clock and the game tied at 91, she scored the biggest basket of the night.
Braden Montgomery had two hits and an RBI as the White Sox bounced back from Saturday's 1-0 loss to take two of three from the Blue Jays. Toronto scored five total runs in the series.
A man was shot and wounded early Tuesday in the Wentworth Gardens public housing development just south of Rate Field.
Charges were pending Tuesday morning for a man accused of shooting a woman and a Chicago police SWAT officer in Chicago's Albany Park community the day before.
A man was shot and killed in a fight in Chicago's Lincoln Park neighborhood Sunday night.
Police say a man and a woman were last seen speaking with the victim before the shooting.
A Chicago police SWAT officer was shot in the stomach while responding to a hostage situation after a woman was shot and critically injured Monday morning in the Albany Park neighborhood.
