Chicago Tribune BizWrap
December 14, 2016 View email in browser

Fed raises key interest rate and foresees 3 hikes in 2017

The Federal Reserve has raised a key interest rate in response to a strengthening U.S. economy and expectations of higher inflation, and it foresees three more rate hikes in 2017.

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City agrees to hold off on implementing new Airbnb rules

A judge orders Chicago to hold off on implementing new restrictions on Airbnb and other home-sharing platforms after a group of homeowners sued last month.

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Finkl Steel site redevelopment could include paths linking to 606, urban plazas and more

The city wants urban plazas, open spaces and transportation upgrades in the North Branch industrial corridor, including the Finkl steel plant site.

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State Farm, Allstate blame smart cars for insurance rate increases

State Farm’s recent 5.9 percent increase in Illinois auto insurance rates was driven in part by smart car technology.

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As Obamacare deadline looms, Illinois sign-ups on rise despite uncertainty

About 144,181 Illinois residents — including 108,238 in the Chicago area — had signed up for Obamacare insurance as of Sunday. The deadline is Dec. 15.

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Caterpillar announces undisclosed number of layoffs

Caterpillar Inc. is laying off an undisclosed number of employees because of expected bleak market conditions in 2017.

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Trump recruits army of business leaders to battle the Washington system

Donald Trump is stocking his administration with business titans like himself.

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Say goodbye to Doritos (commercials) during Super Bowl LI

Their commercials have been some of the most popular shown during Super Bowls, but don’t look for Doritos ads during the Super Bowl LI telecast Feb. 5.

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