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.
A year ago on Friday, Robert Prevost went from a relatively unknown cardinal to the pope, news that shocked and excited Chicago and the world.
Three baby bald eagles were recently born in Chicago, the first time the national bird of the United States has hatched in the city in more than a century.
A man has been arrested on a slew of felony charges after jumping out of a moving van after fleeing a traffic stop while officers were inside his vehicle on Tuesday in northwest Indiana.
Los Angeles police are looking for a driver who struck and killed a Chicago Cubs fan in town for a game last month.
After accusations flew in dueling legal filings earlier this week, a federal judge on Thursday officially dismissed the main conspiracy charge against the remaining "Broadview Six" immigration protesters indicted last fall.
Three of the nation's major scholarly groups challenged the Trump administration's cuts to humanities grants.
Since his second term started, President Trump has introduced a flurry of initiatives aimed at taming the excesses of the pharmaceutical industry.
Chicago Mayor Brandon Johnson and other mayors are asking Illinois lawmakers to increase the share of income tax revenue that goes to local governments.
President Trump had backed challengers to Indiana state senators who voted against his redistricting plan — and on Tuesday, most of them won.
Indiana voters are choosing nominees for the U.S. House under existing district boundaries during Tuesday's primary elections.
Chatham residents say they're losing a vital resource as Walgreen's prepares to close its store near 86th and Cottage Grove.
According to AAA, the average price of a gallon of regular gas in Chicago was $5.17 on Friday, up from $3.75 a year ago.
Peoples Gas and North Shore Gas Company customers are likely to see minor credits on their bills for the next three years, thanks to a $125 million settlement agreement announced Thursday by Illinois Attorney General Kwame Raoul.
Chicago gas prices are spiking as the war with Iran drags on, with regular gas nearing $6 in some spots and premium already selling for more than $7 in some places.
In the legal venue of anti-trust enforcement, the state is not taking on the Trump administration, but rather filling a void that state officials say the Trump administration has vacated.
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
Thirty years ago, Advocate Children's Hospital created a specialized team to transport the smallest patients to get life-saving care. On the anniversary of the Neonatal Pediatric Transport Team, they unveiled some a new ambulance.
The second-largest physicians' group in the U.S. has issued a surprising switch in breast cancer screening recommendations.
A new $48 million wellness center opened Thursday in the West Garfield Park neighborhood. The goal is to improve the health and quality of life for people on the West Side of Chicago.
La Rabida Children's Hospital went all out for Earth Day on Wednesday, with volunteer cleanup efforts by staffers and activities for patients and families.
U.S. prosecutors allege a man with multiple aliases used the name of the famed Astor family to scam a Mexican billionaire out of $450 million.
Thousands of people marched from the West Loop to Daley Plaza in downtown Chicago on Friday for May Day, with activists calling for workers' rights, stronger labor protections, and increased school funding.
A $170 million-plus plan announced this week will redevelop the Water Tower Place mall on the Magnificent Mile.
The Holiday Club in Chicago's Buena Park neighborhood will soon be going out of business, as the building that houses the popular bar is set to be torn down.
At a meeting on Tuesday, the Lincolnwood Village Board approved a pre-development agreement with the mall, providing a roadmap with the property owner for further preparations and government approvals for redevelopment.
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
Some youngsters got a behind-the-scenes look at the magic of making opera Sunday at the Lyric Opera of Chicago.
Matt DeCaro, an actor who was a familiar face on the Chicago stage for many years, died this weekend.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Tickets for the 2026 Ravinia Festival season went on sale Thursday morning.
Chief meteorologist Albert Ramon has the latest First Alert Weather forecast.
A year ago on Friday, Robert Prevost went from a relatively unknown cardinal to the pope, news that shocked and excited Chicago and the world. One year after he became leader of the Catholic Church, a lot of people from the Chicago area have visited the man now known as Pope Leo XIV.
Three baby bald eagles were recently born in Chicago, the first time the national bird of the United States has hatched in the city in more than a century.
Officials with the World Health Organization have confirmed that of the eight suspected hantavirus cases linked to a Dutch cruise ship, five were infected with the Andes strain of the virus, the only known hantavirus strain to spread person-to-person.
Los Angeles police are looking for a driver who struck and killed a Chicago Cubs fan in town for a game last month.
A nationwide Canvas outage has been reported, and is impacting schools in the Chicago area, including Northwestern University, the University of Chicago, UIC and the University of Illinois.
A year ago on Friday, Robert Prevost went from a relatively unknown cardinal to the pope, news that shocked and excited Chicago and the world.
Three baby bald eagles were recently born in Chicago, the first time the national bird of the United States has hatched in the city in more than a century.
A man has been arrested on a slew of felony charges after jumping out of a moving van after fleeing a traffic stop while officers were inside his vehicle on Tuesday in northwest Indiana.
Los Angeles police are looking for a driver who struck and killed a Chicago Cubs fan in town for a game last month.
A man from the Chicago suburbs lost $69,000 of his savings to a scam by a thief using an AI-generated U.S. Marshals badge to intimidate him.
Illinois lawmakers are trying to decide what should happen when artificial intelligence leads to serious destruction or even death, and two of the most influential AI companies in the world are backing opposing state bills trying to answer that question.
Rideshare drivers say it's getting difficult to continue working as gas prices surpass $6 in the city.
More than four months after a Chicago woman battling ALS was told she couldn't get a disabled parking placard in front of her home, the sign is up and her life is about to change.
An elderly woman has essentially abandoned her home of three decades because of constantly broken elevators at her high-rise condo building on the Southwest Side of Chicago.
Michael Conforto went 3 for 3 with a homer and two RBIs, Shota Imanaga pitched six innings of one-run ball and the Chicago Cubs extended their winning streak to nine games with an 8-3 win over the Cincinnati Reds.
In May 2019, Bridgett Kolls came to a Cubs game with a simple sign that read "this lil cubbie needs a kidney" and her phone number. It caught the attention of Allesio, who is a Chicago White Sox fan
The Cubs also won their 14th straight home game for their longest win streak at Wrigley Field since they also won 14 in a row at the iconic ballpark in 2008.
Travis d'Arnaud hit a three-run homer, Walbert Ureña threw six innings of two-hit ball, and the Los Angeles Angels defeated the Chicago White Sox 8-2.
Boyd had an MRI that showed a meniscus issue, and manager Craig Counsell said the team isn't sure how long the left-hander is going to be out.
Police across Chicago and the northern suburbs were investigating a string of overnight smash-and-grab burglaries targeting businesses.
A teenager has been charged with shooting and killing his father inside their home in southwest suburban Oak Lawn following an argument on Monday.
The Mexican navy helped rescue shipwrecked sailors and retrieve bales of illicit drugs that had been dumped into the ocean.
A man was killed on Tuesday night in a shooting less than a block from an elementary school in the West Englewood neighborhood.
A 17-year-old boy has died after police said he was stabbed by another teen over the weekend in southwest suburban Joliet.
