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Toys R Us, operating under bankruptcy protection since the fall, has announced it will close up to 20 percent of its stores, as it seeks to restructure its business under increasing competition from online retailers.
Toys 'R' Us, the toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season — and says its stores will remain open for business as usual.
James and David Hickey say they shelled out $15,000. CBS 2's Audrina Bigos reports.
Eleven people have been charged with bank fraud for a scheme that involved fraudulently obtaining credit cards and quickly maxing them out.
The court says it had 47,535 case filings in the 12-month period ending March 31, overtaking the Bankruptcy Court for the Central District of California.
One of the nation's largest sporting goods retailers, Sports Authority, has announced plans to close or sell about 140 stores, and two distribution centers, including one in Romeoville, as it files for Chapter 11 bankruptcy protection.
Gourmet cupcake shop Crumbs Bake Shop has shut down all its stores, including two in Chicago, in the wake of multimillion dollar losses.
An ambitious plan to build a 2,000-foot skyscraper in Streeterville could be getting new life, after the developer of the Chicago Spire reportedly found an investor to help it emerge from bankruptcy.
The news casts a shadow on the city of Chicago's plans to widely expand Divvy here, the Sun-Times reports.
A conservative watch dog group is warning of dark days ahead for the entire state unless Illinois mends it's financial ways, and soon
In a city well-practiced in the way of scams, this is a new one.
Tribune Co. emerged from a Chapter 11 restructuring Monday, more than four years after the media company sought bankruptcy protection.
A federal grand jury has accused a 39-year-old woman of defrauding Chicago-based Tribune Co. during its lengthy bankruptcy.
The update on the sale process came as Hostess also received approval to give its top executives bonuses totaling up to $1.8 million for meeting certain budget goals to bring down costs during the liquidation.
Hostess Brands Inc. lived to die another day.
Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.
Hostess, the maker of Twinkies, Ding Dongs and Wonder Bread, is going out of business, and customers have been rushing to local stores to grab their favorite fatty, sugary snacks before they're gone.
The flagship Hostess product, the Twinkie, was invented by Schiller Park bakery manager James Dewar in 1930 under a precursor company, Continental Baking Co.
American Airlines pilots will be holding an informational picket at O'Hare International Airport Thursday afternoon, in the midst of an ongoing labor dispute.
The famed Chicago clothing retailer Mark Shale is will be closing three of its stores.
A local organization helping Chicago-area women cope with breast cancer abruptly shuts its doors -- and is filing for bankruptcy.
A Chicago firm is soliciting offers for the sale of Green Garden Country Club in Frankfort, part of the ongoing bankruptcy case of former gas station magnate William J. McEnery.
The bankruptcy of Michael's Fresh Market has drawn concerns about the store that stepped in to fill a vacancy in the South Kenwood neighborhood, after the Hyde Park Co-Op had left the site vacant for years.
The sale of the Chicago Sun-Times is a done deal.
With bankruptcy looming over the U.S. Postal Service, it's possible that next-day delivery will no longer be an option.
The confrontation between protesters and the agents was caught on video, showing one of the agents using what appeared to be pepper spray.
Notre Dame outscored Michigan State 10-0 in the second half, limiting the Spartans (2-1) to 40 yards of offense over the final two quarters.
The Dream (28-14), who have won three straight and nine of 11, moved a half-game ahead of Indiana, and pulled within a half-game of third-place Las Vegas in the WNBA standings.
Chicago (86-69), which leads the major leagues with 214 home runs, began the day tied with Philadelphia and San Diego for the three NL wild cards.
Chicago police say three unknown suspects were traveling in a dark-colored Jeep sport utility vehicle and damaged 28 vehicles outside a parking lot.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
Fuel prices continue to climb across the country, and that has U.S. Sen. Dick Durbin (D-Illinois) pointing the finger at President Trump.
Americans are optimistic about scientific advances in AI, but concerned that AI may take jobs.
The vice president headlines a Council Bluffs rally Friday, his second Iowa stop this year. He's been one of the GOP's most visible midterm surrogates, with trips to Kansas, Wisconsin and Ohio.
The U.S. military has escorted one billion barrels of oil and over 2,000 commercial vessels out of the Persian Gulf in the last couple of months, the Pentagon said.
Fuel prices continue to climb across the country, and that has U.S. Sen. Dick Durbin (D-Illinois) pointing the finger at President Trump.
Nicor customers will get a break on their bills this fall after Illinois Attorney General Kwame Roul reached an agreement with the utility to cut $140 million from its requested rate hike.
Drivers in Chicago and beyond were paying the highest gas prices ever recorded for the Labor Day holiday as millions of Americans were making their way home on Monday.
Around 115 million domestic and international tourists visited Illinois last year, pushing visitor spending past $50 billion for the first time and generating more than $88 billion in total economic impact.
Illinois Attorney General Kwame Raoul filed a lawsuit Thursday against ABC Plumbing, Heating, Cooling & Electric Inc., alleging deceptive business practices.
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
A judge on Tuesday was expected to place two shuttered Chicago-area safety-net hospitals into receivership.
Cardinal Blase Cupich and a group of Catholic nuns have joined a federal lawsuit challenging Illinois' Medical Aid in Dying law, which is set to take effect in just over a week.
Flies have been everywhere this summer in the Chicago area, and some of them bite. But why is this happening?
Prime Healthcare is drawing criticism after announcing it will stop obstetrics services at three Chicago-area hospitals.
The future of Rate Field was back in the spotlight on Wednesday.
Plans for a new Chicago White Sox stadium in the South Loop have residents near the existing ballpark in Bridgeport concerned, not just because the team might be leaving, but also what might be coming nearby.
A new report from the University of Illinois Chicago said federal immigration enforcement led to $1.26 billion in unspent money at retail establishments and restaurants in Cook County.
Around 115 million domestic and international tourists visited Illinois last year, pushing visitor spending past $50 billion for the first time and generating more than $88 billion in total economic impact.
A new Whole Foods Market is coming to Chicago's Old Town neighborhood.
Duncan Sheik died on Thursday night, his family said.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Performer Macklemore is being dropped from Ed Sheeran's Loop tour after making on-stage statements that some found controversial.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
The stage was set and the air was humid as rapper Ye, formerly known as Kanye West, took the stage for the first of two Chicago concerts at Soldier Field Thursday night.
Survivors and their loved ones use the mass to reconcile their experiences of abuse with their desire to remain part of a catholic faith community.
The festival featured a full lineup of live music, a classic car show and vintage shopping. The event opens again on Sunday at noon.
Silva is a firefighter in that village and Medema is a senior account executive for a pharmaceutical company. Silva got down on one knee and popped the question in Michigan at Paw Paw Lake.
The event returned to Allstate Arena this weekend with world champion drivers showing off big stunts, flying through the air in competitions of speed and skill.
Meteorologist Kylee Miller is tracking the latest, including how the rain might impact the Bears' home opener, in First Alert Weather.
The defense said Katlar Parchman, 19, is a nursing assistant, goes to church, does community service, but was not the person who caused Kyle Bickham's death.
Heavy rain and storms are prompting flooding concerns in the Chicago area.
The confrontation between protesters and the agents was caught on video, showing one of the agents using what appeared to be pepper spray.
Riot Fest leaders told CBS News Chicago that Saturday's adjusted schedule was prompted by city officials.
An off duty Cook County Sheriff's correctional officer was among 3 men injured in a shooting in River North.
The village of Grayslake is touting a new massive data center, but neighbors say they weren't given an opportunity to make their voices heard before the project was approved.
A Cicero woman is suing Uber and a driver after the driver allegedly sexually assaulted her. She and her boyfriend said Uber hired him despite the driver having a criminal background.
Both hospitals were supposed to be placed in receivership, but after five hours of closed-door negotiations on Tuesday, it is still unclear what the future holds for both hospitals.
Chicago police crime data show 255 reported crimes in the last two years on the two blocks where the former Hard Rock and Rainforest cafés sit vacant. Neighbors have been calling the city about the alley between them for six years.
A three-year effort by the Cook County Sheriff's Office to help bring down crime on the Magnificent Mile in downtown Chicago appears to be working.
Notre Dame outscored Michigan State 10-0 in the second half, limiting the Spartans (2-1) to 40 yards of offense over the final two quarters.
The Dream (28-14), who have won three straight and nine of 11, moved a half-game ahead of Indiana, and pulled within a half-game of third-place Las Vegas in the WNBA standings.
Chicago (86-69), which leads the major leagues with 214 home runs, began the day tied with Philadelphia and San Diego for the three NL wild cards.
Chicago dropped into second in the AL Central after it blew a six-run lead in an 11-8 loss to Detroit on Friday night.
Hao-Yu Lee and Riley Greene each hit a two-run homer in a five-run eighth inning as the Detroit Tigers rallied from six down to beat the Chicago White Sox 11-8.
An off duty Cook County Sheriff's correctional officer was among three men injured in a shooting during fight in River North early Saturday morning.
A man was found dead of an apparent self-inflicted gunshot wound after firing shots at an Indiana State Police trooper and fleeing the scene on Friday afternoon in rural LaPorte County.
A second person has been charged with killing a man by pushing him out of a moving CTA Red Line train last week on the South Side.
Darreon Plummer's flight to Washington state after Da'J Flowers was killed was itself evidence he committed the crime, the judge said, rejecting a defense request for electronic monitoring.
Inside the home, owned by Eugene Horsch and connected to his father, R.C. Horsch, authorities have found a trove of digital images, a so-called laboratory of chemicals and a small marijuana grow operation.
