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Suburban Oberweis Dairy has a new owner
The Winnetka-based private equity firm Osprey Capital submitted the winning bid at the bankruptcy auction Wednesday morning.
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The Winnetka-based private equity firm Osprey Capital submitted the winning bid at the bankruptcy auction Wednesday morning.
The bids come from Dutch Farms and the private equity firm Hoffman Family Companies, who said they will make a competitive offer.
The company announced Tuesday that it received a stalking horse bid to purchase its operating assets.
Express will be closing stores soon in the Loop, Lincoln Park, Lincolnwood, and Merrillville, Indiana.
Dolton Village Manager Keith Freeman has been accused of falsifying his income in a bankruptcy filing, and faces up to five years in prison if convicted.
Oberweis listed more than $4 million in unsecured debt to its top 20 creditors, including more than $770,000 to an Illinois trucking company, and more than $173,000 to the Cook County Treasurer's office, which collects property taxes.
Robert Crimo Jr. reported debts of more than $1.6 million to at least 50 creditors, not including the mortgage on his home, for which his bank already has foreclosed.
Purdue Pharma has pleaded guilty twice to federal criminal charges relating to its marketing of oxycontin.
WeWork sought to transform the office space industry. Now the company is seeking Chapter 11 bankruptcy protection.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
We have introduced you to a number of Window Depot of Chicago customers who say they company took deposits for repair jobs – but never did the work. CBS 2's Charlie De Mar has the story of another customer, and what the company's former owner said in Bankruptcy Court.
Party City filed for bankruptcy protection Tuesday after years of losses and weak sales.
Less than a week after we told you about the financial struggles at Lincolnwood Town Center, the suburban mall's parent company has filed for bankruptcy.
Mercy filed last month for Chapter 11 bankruptcy with plans to close in May, citing operating losses of $7 million per month.
The U.S. Supreme Court is deciding whether drivers can get their cars back from the city auto pound after they file for bankruptcy.
More retail bankruptcies are expected in coming weeks, with Neiman Marcus and J.C. Penney also facing problems. Gap Inc. has warned it is running out of cash and is looking for an infusion.
Employees at the bankrupt Art Van furniture stores were slapped with termination papers amid the COVID-19 outbreak.
Art Van furniture has filed for Chapter 11 bankruptcy and is offering huge savings. But as CBS 2's Jermont Terry reported Monday night, some customers at the Downers Grove store just want what they already paid for.
Sexual abuse lawsuits are forcing the Boy Scouts of America to file for bankruptcy protection.
The home goods retailer has been struggling for years against rising pressure online and from big-box rivals. Its stock, which was at $300 a share in 2015, is trading at around $5 today.
Sears once towered over the retail landscape but has been on a slow decline for years. Lampert combined Sears and Kmart in 2005, pledging to return Sears to greatness. That didn't happen. Sears was hit hard during the recession a decade ago and never recovered.
The church's caretaker first saw what appears to be oil or some other type of liquid streaming from the Virgin Mary's eyes on Sunday.
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.
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.
Pritzker has been recognized as a future White House hopeful, but what does President Biden's decision to drop out of the race mean for the governor's political ambitions?
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.