Washington Prime Group, Parent Company Of Lincolnwood Town Center Mall, Files For Bankruptcy
Less than a week after we told you about the financial struggles at Lincolnwood Town Center, the suburban mall's parent company has filed for bankruptcy.
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Less than a week after we told you about the financial struggles at Lincolnwood Town Center, the suburban mall's parent company has filed for bankruptcy.
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.
A semi-trailer truck caught fire Tuesday afternoon at an intermodal freight terminal in southwest suburban Elwood.
Republican candidate for Illinois governor Darren Bailey is calling for greater transparency over nongovernmental organizations that receive at least $10,000 in state grants by making them subject to public records and open meetings requests.
Two piping plover chicks hatched at Waukegan Beach over the weekend.
Thirty percent of respondents said they shoplifted this year, with most citing affordability concerns and financial hardship.
Six men have been arrested and charged after a 15-month prostitution investigation into brothels in several west and northwest suburbs.
Republican candidate for Illinois governor Darren Bailey is calling for greater transparency over nongovernmental organizations that receive at least $10,000 in state grants by making them subject to public records and open meetings requests.
Two independent Latino candidates seeking to run for retiring U.S. Rep. Jesus "Chuy" Garcia's seat in Congress won't appear on the ballot in November.
New search data shows "fascism" drew roughly 264,700 monthly searches nationally in 2026, but in Illinois the most-searched word definition was "bias."
President Trump is imposing 50% tariffs on a range of Canadian goods, from hockey equipment to alcoholic beverages, escalating the trade dispute between the two countries.
Parents of students in the Chicago Public Schools system had a chance Monday to weigh in on the next budget.
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 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.
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.
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.
A semi-trailer truck caught fire Tuesday afternoon at an intermodal freight terminal in southwest suburban Elwood.
The fight spilled out of the bar, and outside, someone pulled a gun and shot a 30-year-old man, police said. Ald. Timmy Knudsen (43rd) wrote Tuesday that the bar where the fight broke out was The Dime, at 2263 N. Lincoln Ave., which has now been closed.
Illinois Secretary of State Alexi Giannoulias on Tuesday morning unveiled a new statewide program meant to improve interactions between law enforcement and drivers with autism.
Two piping plover chicks hatched at Waukegan Beach over the weekend.
The United States passport used to be one of the most powerful in the world, but now it's tied for 10th place with Iceland and overall ranked 37th.
A bar on Lincoln Avenue in Chicago's Lincoln Park community was shut down by Chicago police Tuesday morning, days after a fight broke out at a party in the bar and led to a fatal shooting.
Four beluga whales rescued from a defunct Canadian theme park have arrived safely at the Shedd Aquarium in Chicago.
A semi-trailer truck caught fire Tuesday afternoon at an intermodal freight terminal in southwest suburban Elwood.
Republican candidate for Illinois governor Darren Bailey is calling for greater transparency over nongovernmental organizations that receive at least $10,000 in state grants by making them subject to public records and open meetings requests.
Two piping plover chicks hatched at Waukegan Beach over the weekend.
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.
All eyes are on Chicago as the city gets set to host the WNBA All-Star Weekend for the second time.
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.
A bar on Lincoln Avenue in Chicago's Lincoln Park community was shut down by Chicago police Tuesday morning, days after a fight broke out at a party in the bar and led to a fatal shooting.
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 stabbed two tourists near the ancient Acropolis in Athens, Greece's top tourist attraction, police said.
A man was shot and killed in a fight in Chicago's Lincoln Park neighborhood Sunday night.
