September 01, 2008

News

By: Paul Merrion

Chicago's hope

DENVER — U.S. Sen. Barack Obama's historic rise as the first black — and first Chicagoan — to be nominated for president by a major party promises to recast the city's international image, one…

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in other news

Malls facing yuletide slide

Sales at Chicago-area shopping malls are headed for steeper declines this year as the economy sputters, setting the stage for an even gloomier…
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Tyree's risk aversion boosts Mesirow

Mesirow Financial Holdings Inc. CEO James Tyree's aversion to high-risk investments — despite their potential for outsized returns — helped the…
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Wextrust's local holdings on ice

The fate of 10 local properties formerly controlled by Wextrust Capital LLC is hanging in the air amid federal charges that the Chicago firm's…
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Focus

By: Michelle Evans

2008 Who's who in Chicago business

So, who's the face behind that suit? Year in and year out, Crain's seeks to identify the individuals who are shaping Chicago. Individuals like Patrick G. Ryan, former executive chairman of Aon Corp…
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Business of Life

By: Rita Pyrillis

Summer: The living wasn't so easy

Gary Lancina hadn't missed a summer vacation to California since 1992, but this year his wife and 4-year-old twins went without him. Mr. Lancina, 41, vice-president of marketing at Redbox Automated…
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By: Laura Bianchi

Hub 51 reaches out to next generation

The restaurant industry may be hungry for business, but the Melman brothers are filling the house at their first venture, Hub 51. R. J. and Jerrod, sons of restaurateur Richard Melman, have tapped…
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Other Stories From Business Of Life

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Crain's Lists

This Week's List: Chicago's largest banks

A list of the 25 largest banks with headquarters in Illinois, ranked by assets. Published July 21, 2008.

RankCompanyAssets from 3/31/2008
1Northern Trust Corp.$67,961,839,000.00
2Harris N.A.$41,430,553,000.00
3Corus Bank NA$8,976,744,000.00
4First Midwest Bank$8,264,472,000.00
5MB Financial Bank N.A.$8,074,996,000.00
View the Entire List

People

Growing Fifth Third's commercial banking biz

SPOTLIGHT: CRAIG PRATT Job: Senior vice-president, head of business banking in Chicago for Fifth Third Bank, since Aug. 20. Vitals: 52 years old; bachelor's degree in finance and management, Purdue University, 1985; thrift examiner for Federal…

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Greg Hinz

Chin music

DENVER — Call it an omen of things to come, the not-so-subtle utterance of a modern-day oracle. "One house, one spouse," the bumper sticker reads. At least, that's what it's alleged to read. I haven't actually seen a copy yet. The obvious…

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Markets

Moto rising?

Motorola Inc., enjoying improved reception from investors recently, remains a long way from full strength. Shares of the Schaumburg-based company are up 39% from a five-year low of $6.76 July 15, driven by an unexpected second-quarter profit and…

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Future looks brighter for greenback, CME

CRAIN'S: Do you expect further strengthening of the dollar?MR. HART: With Europe's economic growth slowing more than it is in the U.S., it's likely to drop interest rates, making the euro less attractive than the dollar. European economic growth…

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Opinion

Now, all eyes turn to Obama's hometown

Chicago, the whole world is watching again. Barack Obama's nomination as the Democratic candidate for president means his hometown will be in both the national and the international spotlights. Media from around the globe will flock here over the…

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With capital bill stuck in the House, state's future at risk

Would you invest in a public company that is generating almost $60 billion in annual sales but has invested very little in capital expenditures over the last nine years? Probably not. You'd conclude that such a company was only milking its existing…

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Letters to the editor

Read the fine print: Not all non-profit execs highly paid Thank you for the "Focus: corporate giving" section (Aug. 18). I hope the articles will encourage corporations to expand their involvement with non-profit organizations. Having met with…

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Editorial cartoon

This week's editorial cartoon by Roger…

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