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.
Tim Anderson, a two-time All-Star shortstop who won the 2019 AL batting title with the Chicago White Sox, has decided to retire after spending 10 years in the major leagues.
One pedestrian was killed and another was critically injured when they were hit by a car while crossing the street on Saturday night in northwest suburban Hanover Park.
A lightning strike hit a natural gas main, setting a tree on fire late Sunday night in northwest suburban Bartlett.
President Trump is signing an executive order on childhood vaccine schedules Monday.
A man died over the weekend, nearly two weeks after the e-scooter he was riding was hit by the wheel of a trailer in the far north Chicago suburb of Gurnee.
President Trump is signing an executive order on childhood vaccine schedules Monday.
Liam Stanton, one of the 10 candidates for mayor of Chicago, announced Monday morning that he was withdrawing from the race and endorsing Alexi Giannoulias.
A group of activists and elected officials filed reports with the Chicago Police Department on Monday, alleging crimes committed by federal agents during Operation Midway Blitz last fall.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
In a narrow 50-49 vote, President Trump's former defense lawyer was confirmed as attorney general in a vote early Saturday.
The Trump administration is taking aim at power grid operator PJM Interconnection over rising electricity bills that affect Illinois and Indiana residents.
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.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
With the cyclosporiasis linked to iceberg lettuce growing and consumers wary of the products on grocery shelves, many in Chicago are turning to local farmers market for fresh and safe greens.
East Chicago, Indiana is being placed on a precautionary boil water advisory starting Monday morning for planned installations that could affect water safety.
A new Northwestern Medicine study on long COVID shows women show more neurological symptoms than men.
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.
The Original Rainbow Cone celebrated its 100th anniversary on Sunday with a special event at its Beverly location.
The Shops at North Bridge on the Magnificent Mile announced plans Thursday for a multimillion-dollar renovation project.
While the building that housed the flagship Ann Sather restaurant on Belmont Avenue has been torn down, the renowned Chicago restaurant chain is now set to open a new Lakeview location.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
Chicago's Wishbone Restaurant will soon be closing after 36 years in business.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
If weather forces an evacuation, shelter sites are located at Grant Park North, Grant Park South, and Millennium Lakeside Garages, accessible through the vehicle entrance on Michigan Avenue.
Grant Park was filled with tens of thousands of people Thursday for the start of Lollapalooza, as warm weather greeted festivalgoers on day one of the four-day music festival.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
More rounds of severe storms are possible Monday, especially in the late afternoon and evening. Highs in the mid-80s.
At least seven people are dead from a flesh-eating bacteria found in the warm coastal waters along the Gulf of Mexico. Louisiana state officials say there have been at least nine cases this year.
A 15-year-old boy is in a coma after being seriously injured in an e-bike crash in Crystal Lake, his parents said.
A group of activists and elected officials filed reports with the Chicago Police Department on Monday, alleging crimes committed by federal agents during Operation Midway Blitz last fall.
The National Weather Service will survey the area near Ransom, Illinois, after a reported tornado touchdown overnight in LaSalle County.
The National Weather Service will survey the area near Ransom, Illinois, after a reported tornado touchdown overnight in LaSalle County.
A lawsuit has been filed on behalf of a former Cicero firefighter against Gibsons Steakhouse in Oak Brook, alleging contaminated oysters he was served there cause catastrophic brain injuries.
Attorneys announced a lawsuit Monday on behalf of a man who was shot and killed by police in Humboldt Park in March, claiming an officer fired deadly shots just after arriving at a controlled scene instead of de-escalating.
One pedestrian was killed and another was critically injured when they were hit by a car while crossing the street on Saturday night in northwest suburban Hanover Park.
A lightning strike hit a natural gas main, setting a tree on fire late Sunday night in northwest suburban Bartlett.
Neighbors of a South Side animal feed plant have complained about the noxious smell and air quality for years. Now the city of Chicago and state of Illinois are suing Pullman Innovations to clean up the air, as well as for alleged illegal work and permit violations.
The owners of a Far South Side funeral home where dozens of decomposing bodies were found earlier this week have run into trouble with state regulators before over their handling of bodies at a crematory in the south suburbs.
University of Illinois researchers have found a correlation between more green spaces and less violence in neighborhoods. A group in Chicago is planting trees with the mission to bring beauty and safety to the whole city.
Security video captured the moment a utility pole fell in a parking lot behind a La Grange Park, Illinois, animal hospital, igniting a fire that destroyed multiple cars.
An Illinois Tollway glitch that left thousands of drivers with unexpected warnings about unpaid tolls stemmed from an extra digit in codes within the system's computers, according to records obtained through a Freedom of Information Act request.
Tim Anderson, a two-time All-Star shortstop who won the 2019 AL batting title with the Chicago White Sox, has decided to retire after spending 10 years in the major leagues.
The Chicago White Sox are preparing for another sold-out crowd on Tuesday night at Rate Field as they celebrate the team's most famous fan, Pope Leo XIV.
Colson Montgomery's 26th homer, a three-run shot, capped Chicago's four-run third inning and the White Sox held on to beat the Cleveland Guardians 5-3 on Sunday.
Chicago Bears receiver Luther Burden III will reportedly miss a little bit of time with a groin injury he suffered at practice on Saturday.
Ian Happ hit a two-run homer, Miguel Amaya added a three-run shot and the Chicago Cubs beat the Kansas City Royals 10-2 on Sunday.
Chicago police issued a business alert this past weekend, warning store employees to be vigilant as detectives investigate a pair of robberies.
At least five people were killed, and 14 more were wounded, in shootings in Chicago this weekend as of early Sunday afternoon. The victims ranged in age from 17 to 50.
A woman was found stabbed to death early Sunday morning in Chicago's Albany Park neighborhood.
Two Chicago men were arrested early Sunday morning following a pursuit along the Borman Expressway in Northwest Indiana.
Chicago police this weekend were looking for help from the public in finding a man accused of shooting a 16-year-old boy in the West Lawn neighborhood earlier this year.
