We take a look at the city’s shrinking number of single-room occupancy hotels and their future in the city's Lakeview neighborhood. Plus, we look into why many Illinoisans are moving to the Hoosier State.
Illinois House Speaker Michael Madigan, who also is state Democratic Party chairman, is proposing to cut the state’s corporate income tax rate in half. His bill, introduced today, calls for lowering the corporate tax on profits from 7 percent to 3.5 percent.
Agribusiness conglomerate Archer Daniels Midland says its fiscal fourth-quarter earnings fell 15 percent as a higher tax rate offset surging revenue. The Decatur, Ill., company said Tuesday it earned $381 million, or 58 cents per share.
Business groups are complaining to lawmakers about taxes in Illinois.The first in a series of hearings on the state's tax structure was held Tuesday in Chicago.Senate President John Cullerton and House Speaker Michael Madigan called for the hearings after major companies, including Caterpillar and t
United Airlines announced Friday that the company is bringing 1,300 new jobs to Chicago. That caps off a topsy turvy week for Chicago business.Chicago Mayor Rahm Emanuel says this United Airlines news is just the beginning.