Chicago Tribune BizWrap
December 7, 2016 View email in browser

Abbott sues to get out of $5.8 billion Alere deal

Abbott has filed a complaint seeking to terminate its planned acquisition of health care diagnostics company Alere: “Alere is no longer the company Abbott agreed to buy 10 months ago.”

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ComEd delivery rate increase will raise bills by $2 per month

A 5 percent increase in the annual delivery rate for ComEd is expected to generate $127.5 million in additional revenue in 2017.

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In phone call with Trump, Boeing chief pledges to work with new administration after Air Force One tweet

Hours after Donald Trump promised to kill the Air Force One procurement program, Boeing DEO Dennis Muilenburg spoke with the president-elect, promising to work with the new administration and to keep the costs of the program down, according to a person with knowledge of the matter.

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Jimmy John’s agrees to pay $100,000 to Illinois AG over noncompete contracts

Jimmy John’s has agreed to a $100,000 settlement with the Illinois attorney general’s office over its use of noncompete agreements for its hourly employees.

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Anheuser-Busch giving away free beer fridges for Chicago offices

Anheuser-Busch is giving away free refrigerators for office use that connect with a beer delivery service when supplies run low.

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Hospital industry warns of ‘crisis’ if health law is repealed

The nation’s hospital industry warned President-elect Donald Trump and congressional leaders on Tuesday that repealing the Affordable Care Act could cost hospitals $165 billion by the middle of the next decade and trigger “an unprecedented public health crisis.”

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Boeing sweats under Trump spotlight as SoftBank feels warmth

First came Ford and Carrier. Now Boeing and SoftBank are experiencing the power of Donald Trump’s Twitter feed.

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Dow, S&P 500 close at record highs as markets rally

U.S. indexes leapt to all-time highs in a broad rally Wednesday afternoon, with the Dow Jones and S&P 500 setting records.

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