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 Illinois primary election for 2026 is today, March 17, with races for governor, U.S. Senate and U.S. House up for grabs. Get live updates and results from the polls.
Orion Samuelson, a radio journalist known around the country for his reports on the agricultural industry, died this week.
A man stood charged Tuesday in two separate shootings that wounded a Chicago police sergeant and a 63-year-old woman in the Pullman and Roseland neighborhoods this past weekend.
The 2026 Lollapalooza lineup was announced on Tuesday morning.
President Trump's director of the National Counterterrorism Center, Joe Kent, announced his immediate resignation Tuesday, citing the administration's decision to intervene in Iran.
The Illinois primary election for 2026 is today, March 17, with races for governor, U.S. Senate and U.S. House up for grabs. Get live updates and results from the polls.
President Trump's director of the National Counterterrorism Center, Joe Kent, announced his immediate resignation Tuesday, citing the administration's decision to intervene in Iran.
Voting was under way Tuesday for the Illinois primary, and a big increase in voter turnout was reported with regard to early voting.
If you're voting in the 2026 Illinois primary election on Tuesday, March 17, this is when polls are open and closed.
The 2026 Democratic primary campaign for retiring Sen. Dick Durbin's Senate seat is largely a three-person race. Voters go to the polls Tuesday in Illinois.
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.
For Cook County residents hoping to lower their property tax bills, applications are open for exemptions.
Officials in the north Chicago suburb of Wilmette issued a warning Tuesday about scammers who are impersonating representatives of village departments.
The war with Iran is causing gas prices to surge, with motorists in Chicago and around the country guaranteed to feel the impact at the pump Monday morning.
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.
Illinois Gov. JB Pritzker on Monday announced a $1.5 billion investment from biotherapeutics company CSL for a new plasma therapy manufacturing plant in Kanakee.
When a doctor was told there was no cure for his daughter's condition, he was motivated to transform not only her health, but the lives of thousands of others.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
Despite a rash of restaurant closures, veterans of the plant-based food business pushed back against prophecies of doom — and in one case argued that such closures notwithstanding, plant-based eating is only growing.
Two popular Chicago craft breweries – Half Acre Beer Co. and Maplewood Brewery & Distillery – announced on Tuesday they are merging to create a new "premier Chicago beverage company."
Illinois Gov. JB Pritzker on Monday announced a $1.5 billion investment from biotherapeutics company CSL for a new plasma therapy manufacturing plant in Kanakee.
Capital One is laying off more than 1,100 workers at the former Discover headquarters in north suburban Riverwoods.
A new development at the southeast corner of Chicago's East Lakeview community would clear away a medical office building and replace it with a residential high-rise.
Legendary Chicago blues singer and guitarist Buddy Guy took the stage at the Oscars Sunday night, performing alongside the cast of "Sinners."
Amy Madigan, who won the Academy Award for Best Supporting Actress Sunday night, is the daughter of a newsman who helped shape CBS Chicago in the 1960s.
"One Battle After Another" took home several big awards, including Best Picture, Best Director and the newly created Best Casting.
The acclaimed filmmaker, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies." In an interview recorded last year, the pioneering Wiseman talked about his unusual production methods aimed at capturing life.
Comedy power couple Nick Offerman and Megan Mullally are starring in the Goodman Theatre's new musical coming this summer.
Passengers are growing frustrated with long security lines due to Transportation Security Administration shortages.
Israel says airstrikes killed two top Iranian leaders overnight.
Darius Johnson has a breakdown of the major races, including U.S. Senate, Illinois governor, and Cook County Board president.
Finn McCool's is opening in Wheeling on Tuesday, just in time for St. Patrick's Day.
Get a preview of the "La Femme" dance festival, which celebrates Black women in dance.
The Illinois primary election for 2026 is today, March 17, with races for governor, U.S. Senate and U.S. House up for grabs. Get live updates and results from the polls.
If you're voting in the 2026 Illinois primary election on Tuesday, March 17, this is when polls are open and closed.
Voting was under way Tuesday for the Illinois primary, and a big increase in voter turnout was reported with regard to early voting.
The 2026 Lollapalooza lineup was announced on Tuesday morning.
Orion Samuelson, a radio journalist known around the country for his reports on the agricultural industry, died this week.
Have you ever walked into a business with no employees? You may soon; autonomous businesses are becoming more popular.
Streets were left pooled with rainwater, and homes flooded after Sunday night's storms. Residents say there is one clear solution
Attorneys for the family of a woman killed in a crash during a high-speed police chase in 2017 say officers involved failed to activate their body cameras or turned them off during the pursuit.
A new specialized unit is being created to prosecute domestic violence homicides in Cook County, as these killings surged 15% last year, even as overall violent crime declined across Chicago.
After a year of water bill complaints in Lisle, Illinois, the village board is officially moving forward with a plan to review those issues and possibly have the village take over for the private utility that supplies water to part of the village.
Matas Buzelis led the Bulls with 29 points, including five 3-pointers.
The top 16 seeds in the 68-team women's NCAA field will host first- and second-round games, with the regional rounds being played at two neutral sites for the fourth straight year.
Duke is the top overall seed in the NCAA men's college basketball tournament, with Arizona, Michigan, and Florida also landing on the No. 1 line.
The Boilermakers won the Big Ten Tournament for the first time since 2023 and the third time overall.
For Wheaton College's Tess Boyer, her prowess in the pool isn't the only impressive part of her story.
A man stood charged Tuesday in two separate shootings that wounded a Chicago police sergeant and a 63-year-old woman in the Pullman and Roseland neighborhoods this past weekend.
Jurors delivered their verdict Monday in the trial of Kouri Richins, a Utah mother accused of murdering her husband and later publishing a children's book about grief.
A suspect Is in custody after one person was killed and another was critically injured in a stabbing on Sunday morning at a home in Merrillville, Indiana.
A man was critically injured after he was shot while driving in Chicago's West Humboldt Park neighborhood Sunday night.
A 15-year-old boy was shot and critically wounded this weekend in Joliet, Illinois.
