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Westlake Hospital Files For Bankruptcy
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.
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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.
Sears' fate has been twisting in the wind for years, but since its bankruptcy filing, its demise has appeared imminent. At its peak in 2012, its stores numbered 4,000, a far cry from the just under 700 stores and 68,000 workers it had as of October.
Many employees and customers are in shock. Many thought liquidation was inevitable. But now the 126-year-old company may have one lifeline left.
After two long delays at a morning hearing in bankruptcy court, attorneys for Sears announced it had accepted a revised bid from a hedge fund controlled by Eddie Lampert, the chairman and former CEO of Sears. The deal could keep 425 of the stores open.
Even if Sears survives bankruptcy, there will be a wide swath of America that no longer has any of its stores.
Facing a Friday deadline for potential buyers to submit bids for its remaining assets, Sears has announced it is closing 80 more stores by March, including two in Illinois.
Sears is nearing a crucial deadline that could determine whether it survives.
The Boy Scouts of America is facing a growing number of sexual abuse and misconduct lawsuits. The organization is considering filing for bankruptcy, due in part, to the massive payouts from these cases.
"The company has zero chance of success. I hate to say that, because there's still quite a few people in the U.S. at least who look to Sears for their employment, but there's no chance for the future there, in my opinion."
After CBS 2's initial story about HOBO declaring bankruptcy, an anonymous viewer reached out to help Leroy Bell get his cabinets.
Chicago-based Sears filed for Chapter 11 bankruptcy protection in October, weighed down by years of declining sales and massive debt.
The nation's largest bridal retailer filed for Chapter 11 bankruptcy protection on Monday. It owes between $500 million and $1 billion to creditors, according to court records.
Home improvement retailer, Home Owners Bargain Outlet (HOBO) filed for bankruptcy, leaving some costumers without refunds. HOBO has five stores in the Chicago area.
"I am beyond frustrated. If they're doing this to other customers, their demise seems imminent."
It includes a 6,000-seat music hall, an elevated park, new parking and transportation, and hotel and retail spaces.
Vice President Kamala Harris has already secured the endorsements of a majority of the Democratic delegates who will vote on her presidential nomination.
James Wilburn describes the heart-wrenching moments of watching the bodycam video of his daughter, Sonya Massey's, death when she was shot and killed by police after calling 911 for help.
Air quality is expected at times to dip into the "Unhealthy for Sensitive Groups" category Tuesday.
Secret Service Director Kimberly Cheatle stepped down from her role after facing calls to resign after the attempted assassination of former President Donald Trump.
Vice President Kamala Harris has already secured the endorsements of a majority of the Democratic delegates who will vote on her presidential nomination.
Secret Service Director Kimberly Cheatle stepped down from her role after facing calls to resign after the attempted assassination of former President Donald Trump.
Vice President Kamala Harris, who CBS News estimates is now the likely Democratic presidential nominee, is heading to the key battleground state of Wisconsin to give a speech in Milwaukee.
This year could be the first time in decades that a major political party would go into its convention without a presumptive nominee.
With 74.4% of registered voters turning up in Orland Park in 2020, a total of 48% cast their ballots for Mr. Biden, 51% for then-President Trump.
The hike was fueled mainly by the company's Safety Modernization Program to replace nearly 2,000 miles of dangerous, old, deteriorating natural gas pipes.
As of Tuesday evening, a total of five tornadoes had been confirmed in the Chicago area from the storms Monday night and six Sunday night.
The tax is up just 2 cents compared with Sunday. But it is quite a jump compared with the Illinois gas seven years ago.
One third of Chicago's roughly 400 new car dealers are using pen and paper to complete deals.
The family asked CBS 2 for help after they found themselves stuck with random stuff and boxes filling their space—and nowhere else left to turn.
A warning of a Listeria monocytogenes outbreak affecting 12 states, including Pennsylvania, New Jersey and New York, was issued by the CDC Friday afternoon linking infections to sliced meat at deli counters.
Lisa Gee's experience taught her the life-saving importance of organ donations for thousands of patients.
Keisha House said people trust their hairdressers and barbers, and great communication takes place while in those chairs.
The FDA found even some products that claimed to be "sterile" were contaminated.
Under state law, all children living in a high-risk ZIP code must be tested for lead exposure at 12, 24, and 36 months of age.
Bally's took possession of the River West property July 5.
The plant, which was indefinitely idled in February 2023, is expected to reopen next year.
Fiscal Year 2024 saw total cannabis sales exceed $2 billion, which exceeded the figures for Fiscal Years 2023 and 2022.
Kroger owns the Mariano's brand, while Albertsons owns Jewel-Osco.
The DNC arrives at the United Center from Aug. 19-22.
Newhart was an Oak Park native and an alumnus of Saint Ignatius College Prep and Loyola University in Chicago.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
Enjoy live music and soak up the sun at Nicky's, a Southwest Side staple, with Jackie Kostek.
All eyes are on the United Center for the upcoming Democratic National Convention, and UC owners are sharing their vision for the area around the arena, unveiling the 1901 Project.
Meteorologist David Yeomans has a check on the extended forecast.
Some airlines say they've recovered from a software defect from cybersecurity company CrowdStrike took down Microsoft systems around the world, setting off thousands of flight cancelations and delays this week, but Delta’s CEO said their problems could continue into the week.
Sonya Massey's family and their lawyer Ben Crump met meeting with Governor JB Pritzker at a church in Springfield.
James Wilburn describes the heart-wrenching moments of watching the bodycam video of his daughter, Sonya Massey's, death when she was shot and killed by police after calling 911 for help.
The video shows the chaotic scene after a sheriff's deputy shot Massey, who is Black, in the face during a tense moment over a pot of water.
Vice President Kamala Harris, who CBS News estimates is now the likely Democratic presidential nominee, is heading to the key battleground state of Wisconsin to give a speech in Milwaukee.
The Civilian Office of Police Accountability is investigating.
It includes a 6,000-seat music hall, an elevated park, new parking and transportation, and hotel and retail spaces.
Former Secret Service agent McCarthy said security for both conventions is now even under more scrutiny since the assassination attempt on former President Trump.
The department has now confirmed they will be providing emergency medical support both inside the secure perimeter that will be going up around the United Center.
Data show the 4th of July has historically been one of the deadliest days of the year.
The former University of Illinois football player had been hired at Aunt Martha's despite having a criminal conviction on his record.
Two battalion chiefs told CBS 2 Investigators said hiring needs to be a priority for the Chicago Fire Department, and they plan to protest their working conditions.
The Sox had gone ahead on Paul DeJong's solo homer in the ninth inning before their bullpen's MLB-high 25th blown save.
Michael Busch and Dansby Swanson each had two hits as the Cubs twice escaped based-loaded jams to end Milwaukee's three-game winning streak.
Left guard Teven Jenkins said he felt like the offense was "ahead of the curve" from where they were last year.
Rome Odunze was practicing with the Chicago Bears on Sunday after missing Saturday for personal reasons.
Seth Lugo retired 14 straight batters in his first career complete game as the Kansas City Royals rallied past the Chicago White Sox for a 4-1 win and series sweep on Sunday.
Police said the 61-year-old man was walking near La Salle and Washington streets around 2:45 a.m., when four people got out of a dark car and attacked him.
The Civilian Office of Police Accountability is investigating the shooting.
All were taken to Mount Sinai Hospital in good condition.
Late Monday, no one was in custody.
Ulyesee W. Burns, of Calumet Park, was charged with attempted murder and aggravated battery with a firearm.