State Agency Approved Sale Of Mercy Hospital To Non-Profit
Mercy filed last month for Chapter 11 bankruptcy with plans to close in May, citing operating losses of $7 million per month.
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Mercy filed last month for Chapter 11 bankruptcy with plans to close in May, citing operating losses of $7 million per month.
The U.S. Supreme Court is deciding whether drivers can get their cars back from the city auto pound after they file for bankruptcy.
More retail bankruptcies are expected in coming weeks, with Neiman Marcus and J.C. Penney also facing problems. Gap Inc. has warned it is running out of cash and is looking for an infusion.
Employees at the bankrupt Art Van furniture stores were slapped with termination papers amid the COVID-19 outbreak.
Art Van furniture has filed for Chapter 11 bankruptcy and is offering huge savings. But as CBS 2's Jermont Terry reported Monday night, some customers at the Downers Grove store just want what they already paid for.
Sexual abuse lawsuits are forcing the Boy Scouts of America to file for bankruptcy protection.
The home goods retailer has been struggling for years against rising pressure online and from big-box rivals. Its stock, which was at $300 a share in 2015, is trading at around $5 today.
Sears once towered over the retail landscape but has been on a slow decline for years. Lampert combined Sears and Kmart in 2005, pledging to return Sears to greatness. That didn't happen. Sears was hit hard during the recession a decade ago and never recovered.
The church's caretaker first saw what appears to be oil or some other type of liquid streaming from the Virgin Mary's eyes on Sunday.
The owner of a suburban Chicago hospital whose attempt to close the facility because of a lack of patients was halted by a court order has declared bankruptcy.
Stores in Chicago, Las Vegas and Seattle will close along with 12 concept and warehouse locations.
Its other businesses, including ProFlowers, Shari's Berries and Personal Creations, will continue to operate.
Sears Holding Corp. has sued former chairman and CEO Eddie Lampert, and his hedge fund, ESL, accusing them of draining $2 billion from the company as it was headed into bankruptcy.
Johnson publishing company, which created "Ebony" and "Jet" magazines, filed for bankruptcy this afternoon.
The first three stores called Sears Home & Life will open on Memorial Day weekend and are a fraction of the size of the company's traditional stores.
Relief could be on the way to nearly 100 employees who owe thousands in unpaid medical bills after their former employer filed for bankruptcy.
Families looking to celebrate at Planet Fun this weekend, with Paw Patrol and Disney characters, felt the event was not what they paid for.
Even with this latest reprieve, Sears' long-term survival remains an open question. Lampert hasn't put forth any specific reinvention plans and the company still faces cutthroat competition from Amazon, Target and Walmart.
The decision rests with US Bankruptcy Court Judge Robert Drain, who has been hearing the case since Sears filed for bankruptcy in October. Drain has repeatedly expressed a desire to save the jobs of as many of Sears' employees as possible.
Many of Sears' unsecured creditors, who rank at the bottom of the list to be paid and include merchandise suppliers and landlords, had pressed for liquidation, contending the business was worth more dead than alive. They also questioned the propriety of certain deals Lampert has done while at Sears.
A last-minute reprieve for Sears, after the retailer's former CEO made the winning takeover bid in a bankruptcy auction.
Sears' fate has been twisting in the wind for years, but since its bankruptcy filing, its demise has appeared imminent. At its peak in 2012, its stores numbered 4,000, a far cry from the just under 700 stores and 68,000 workers it had as of October.
The White House said what happened in Lebanon wasn't part of the agreement.
Gonzalez, who spent years serving the public in the south suburbs, passed away on Tuesday from a heart attack.
The bar and grill is reopening this week after more than two years since a fire destroyed it and claimed the life of Chicago firefighter Andrew Price.
Two throwing errors — one by right fielder Jake Fraley, the other by catcher Hunter Feduccia — helped the Cubs score two more runs before Boyle could escape. He gave up six runs, five earned, and four hits in 4 1/3 innings.
As the search for Lynette Hooker continues near Elbow Cay in the Bahamas, the U.S. Coast Guard is taking the lead on the investigative efforts and has launched a criminal investigation, a U.S. official said.
An appellate court has ruled that Iowa can fully enforce a law restricting instruction on gender identity and sexual orientation in schools up to sixth grade.
Wednesday's briefing came after President Trump announced late Tuesday that he had agreed to "suspend the bombing and attack of Iran for a period of two weeks."
Illinois Democrats on Capitol Hill decried President Trump's threats against Iran as his deadline for the country to reopen the Strait of Hormuz draws closer, calling on their Republican colleagues to join them in stopping the escalation.
Vice President JD Vance made the remarks in Hungary, where he is supporting Prime Minister Viktor Orbán Tuesday ahead of Orbán's reelection bid.
President Trump posted on social media that "a whole civilization will die tonight," adding "but I don't want that to happen, but it probably will."
A passenger on an American Airlines flight from New York to Chicago has been charged with making a false bomb threat that forced an emergency landing at Detroit Metro Airport last month, according to a federal criminal complaint.
Skyrocketing property taxes continue to be a hot-button issue in Cook County — particularly since last fall, when many residents saw their tax bills increase by 100% or more.
Illinois Secretary of State Alexi Giannoulias this weekend issued a warning about a surge in text messages that falsely claim to come from his office or the DMV within it.
Tenants at a South Loop luxury high-rise that has been plagued with problems like broken elevators are vowing to fight five-day eviction notices.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
Allergy season is here, and the dreaded pollen can trigger sneezing, congestion, wheezing, and shortness of breath.
Northwestern Medicine and the American Red Cross teamed up for a community blood drive in Chicago on Monday morning.
Ending domestic violence is the goal of groups and advocates all over the world, and some experts in Chicago say it is time to become less reactive and more proactive when it comes to the people causing harm.
A new Iowa law bans local nondiscrimination protections on the basis of gender identity after the state became the first in the U.S. to roll back its civil rights code last year.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
A new restaurant has joined the busy stretch of Halsted Street toward the south end of Chicago's Lincoln Park neighborhood that is also home to Alinea and Boka.
The federal government is suing Illinois, Connecticut and Arizona over efforts to regulate prediction market operators such as Kalshi and Polymarket.
The owners of the popular Uncommon Ground restaurant, live music venue, and brewery in Chicago's Wrigleyville community announced this week that they're looking for a successor to take over the business.
Chicago consistently ranks in the top three cities in Fortune 500 company headquarters, and now a competition has been launched to build on Chicago's power in business.
The flagship Ann Sather restaurant on Belmont Avenue in Chicago's Lakeview community will be moving later this year, a restaurant representative said Tuesday.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
"Beverly Hills, 90210" actress Tori Spelling was involved in a two-car crash in Temecula on Thursday night, according to her manager and Riverside County Sheriff's Office officials.
Chicago blues legend Muddy Waters' birthday is Saturday, and in his memory his eldest son is putting on a concert in Chicago.
A federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.
Atlanta rapper Gucci Mane was lured to a Dallas studio for a meeting, then allegedly kidnapped and robbed by a group including rappers Pooh Shiesty and Big30.
Researchers at the University of Chicago said they've found new connections between the lungs and the brain.
Analysts said the fragile agreement doesn't guarantee oil tankers will be on the move, quickly.
Illinois Secretary of State Alexi Giannoulias says scammers are attempting to trick residents into sending money or sharing sensitive personal information.
Chief Meteorologist Albert Ramon says after a mainly dry day on Thursday, a second storm on a more direct path our way brings a likelihood of showers and thunderstorms late Thursday night, some of which will contain heavy rain.
Lynette Hooker, 55, was on a nighttime boat ride with her husband, Brian, when he said she fell overboard. The search for her remains ongoing.
Gonzalez, who spent years serving the public in the south suburbs, passed away on Tuesday from a heart attack.
The bar and grill is reopening this week after more than two years since a fire destroyed it and claimed the life of Chicago firefighter Andrew Price.
As the search for Lynette Hooker continues near Elbow Cay in the Bahamas, the U.S. Coast Guard is taking the lead on the investigative efforts and has launched a criminal investigation, a U.S. official said.
The White House said what happened in Lebanon wasn't part of the agreement.
Financial exploitation is the leading type of elder abuse in Illinois. One Streamwood woman learned that personally, when her brother took hundreds of thousands of dollars from their parents' financial accounts.
Financial exploitation is the leading type of elder abuse in Illinois. One Streamwood woman learned that personally, when her brother took hundreds of thousands of dollars from their parents' financial accounts.
One year after a teenage girl was shot outside her home in Country Club Hills, Illinois, and was told she would never walk again, she continued to defy the odds and reclaim her independence.
A Morgan Park family is still in shock after a staggering 300% spike in their latest property tax bill, and the man poised to take over as Cook County Assessor at the end of the year says it's an error he wants to make sure doesn't happen again.
Researchers at the University of Chicago have built a "self-driving" lab that uses robotics and artificial intelligence to accelerate work that would take humans weeks or months to complete.
Johnson said the position was temporary, but when the chief homelessness officer was first appointed, she told CBS News Chicago that her role was funded for three years, not two.
Two throwing errors — one by right fielder Jake Fraley, the other by catcher Hunter Feduccia — helped the Cubs score two more runs before Boyle could escape. He gave up six runs, five earned, and four hits in 4 1/3 innings.
The White Sox scored a run in the fifth to go up 3-2 thanks to three walks and two errors on one play by Orioles starter Kyle Bradish.
The Chicago White Sox are celebrating their most famous fan, Pope Leo XIV, by offering White Sox-themed pope hats to fans who purchase tickets for their Aug. 11 game against the Cincinnati Reds.
The Cubs announced before the game that ace Cade Horton would miss the rest of the season after an MRI revealed UCL damage in his right elbow.
In the first game since they fired their top two basketball executives, the Bulls were in firm control by the end of the first quarter.
Chicago police on Tuesday issued a community alert about car break-ins targeting patrons of a gym in the city's Irving Park neighborhood.
Chicago police on Tuesday issued a community alert about a rash of car break-ins in Jackson Park on the city's South Side.
A shooting left a 16-year-old boy dead Tuesday morning in Chicago's South Shore neighborhood.
A man from the northwest Chicago suburb of McHenry was facing felony charges Tuesday after police said he secretly recorded people in men's restrooms.
The woman accused of killing her on-and-off-again boyfriend and his parents in Chicago's south suburbs was due in court Monday.
