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The Business Resource for Suburban Chicago
Thursday, July 24, 2014 5:59 PM
  • BARRINGTON HILLS - The previous owners of Horizon Farms have sued a local bank and others, disputing the legality of the Forest Preserve District of Cook County's purchase of the nearly 400-acre Barrington Hills equestrian estate, and alleging the forest preserve paid almost double the appraisal price. 
  • GLENVIEW - Employees of the nation’s small businesses saw their average paychecks rise for the first time this year, according to the July SurePayroll Small Business Scorecard. SurePayroll Inc., which provides online payroll to small businesses nationwide.
     
  • SCHAUMBURG - Assurance, one of the largest and most awarded independent insurance brokerages, was named for the ninth consecutive year one of “Chicago’s 101 Best and Brightest Companies to Work For” by the National Association for Business Resources. 
  • The chairman of an Aurora-based meat supplier apologized Thursday for a Chinese subsidiary that is accused of selling expired beef and chicken to restaurants including McDonald's and KFC. Fast food chains in China suspended use of products from Shanghai Husi Food Co. after a television station reported last weekend it repackaged and sold meat past its use-by date. 
  • ROLLING MEADOWS - Northrop Grumman Corp., the maker of Global Hawk drones, topped analysts' profit estimates in the second quarter and boosted its full-year forecast. Net income rose 4.7 percent to $511 million, or $2.37 a share, in the quarter, from $488 million, or $2.05 a share, a year earlier, the company said today in a statement. 
  • HOFFMAN ESTATES - The changing role of the chief financial officer from bookkeeper to strategic corporate partner was showcased Tuesday evening during the third annual Daily Herald Business Ledger’s CFO of the Year Awards. Twelve local business executives were honored for their roles in building the foundation for success of their representative companies during the event at the Stonegate Banquet and Conference Center in Hoffman Estates.
     
  • ARLINGTON HEIGHTS - Northwest Community Healthcare hopes to open a 17-bed rehabilitation facility at its Arlington Heights hospital, officials said. The $3 million project would take up the entire third floor of the original building on the NCH campus, 800 W. Central Road. 
  • CHICAGO — Businesses outside the information technology sector have been less likely to seek cyber liability insurance, even after reports of data breaches at Target and other major businesses, according to small business insurance provider Insureon. 
  • McDonald's profit slips; U.S. sales decline

    OAK BROOK — McDonald's Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag.

     
  • CHICAGO -- R. R. Donnelley & Sons has been recognized with the 2013 Sears Canada Inc. Partners in Progress award in recognition of its performance in supporting Sears Canada with catalog and other printing, logistics and related services. This is the third consecutive year that RR Donnelley received this award. 
  • NORTH CHICAGO -- AbbVie Inc. and Shire Plc’s $54.8 billion  deal will make AbbVie the largest U.S. company to move its legal address abroad to lower its taxes as U.S. lawmakers seek ways to curb the transactions. 
  • Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business Economics.

     
  • BEIJING -- Oak Brook-based McDonald's and KFC in China faced a new food safety scare Monday after a Shanghai television station reported an Aurora-owned supplier sold them expired beef and chicken. 
  • NORTH CHICAGO-- AbbVie has reached a roughly $55 billion deal to combine with British counterpart Shire and become the latest U.S. company to seek an overseas haven from corporate income tax rates back home. 
  • The National Labor Relations Board is investigating whether employees at McDonald’s Corp. restaurants were fired for joining labor unions, a case that threatens to disrupt the decades-old fast-food franchise model. 

 
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