Anonymous sources
Crain's Chicago Business
Tenaska pitches plant that will run on natural gas - Crain's Chicago Business
The compromise was floated in a meeting today in Springfield led by Senate President John Cullerton, who has emerged as the main backer of Tenaska, according to people familiar with the matter. The company, which hasn't yet been able to overcome fierce ...
Penny Pritzker's firm takes stake in tomato grower - Crain's Chicago Business
By Steven R. Strahler May 07, 2012 (Crain's) — Penny Pritzker's newly formed investment firm has completed at least one private-equity transaction — involving Minnesota tomato grower Bushel Boy Farms, according to a person familiar with the ...
United Center plans retail space - Crain's Chicago Business
But now, the United Center's owners are getting ready to revive talks with city and state leaders, according to a person familiar with their plans. The Metropolitan Planning Council report estimated the project would create almost 300 jobs during ...
Bank buying binge - Crain's Chicago Business
Bank regulators just this month conducted examinations of their five separately chartered banks, according to people familiar with the matter. Such regulatory exams, usually completed annually, often lead to banks writing down the values of troubled ...
As Premier Bank nears failure, big borrower files fraud suit - Crain's Chicago Business
(Crain's) — Premier Bank, a Wilmette lender launched 12 years ago by a physician, is expected to fail as early as today, according to people familiar with the matter. The $269 million asset bank, which received federal bailout funds and has been ...
Boeing exec disputes report it will pay Air India $500 million-plus for ... - Crain's Chicago Business
(Reuters) — Air India is negotiating for more compensation from Boeing Co. for delayed aircraft delivery, a senior government official said, after the planemaker agreed to pay the cash-strapped airline more than $500 million.
Chicago Reader on the auction block; Sun-Times solicited as buyer - Crain's Chicago Business
The firm handling the talks, Bulkey Capital LP, has talked with at least two Chicago area parties, but no deal seemed imminent, the sources said. The Chicago Sun-Times is one of the potential buyers that was approached, they said.
Miller Lite plans to revive to 'Miller Time' tagline - Crain's Chicago Business
MillerCoors plans to bring back the classic tagline for Miller Lite as a means to lift the brand out of a prolonged slump, according to multiple people familiar with the matter. New ads are still in development but are expected to be unveiled at a ...
McDonald's new Happy Meals ads to pitch nutrition - Crain's Chicago Business
According to people familiar with the matter, the campaign will feature new characters and focus on nutrition, which has historically been a sore point with critics charging that it contributed to childhood obesity. The campaign will likely run ...
Standard Bank eyes $100 million lifeline - Crain's Chicago Business
based Stone Point Capital LLC about leading a recapitalization of the bank, according to people familiar with the matter. Stone Point, which has capital under management of $9 billion, is led by CEO Charles Davis, a 23-year veteran of Goldman Sachs ...
More trouble for William Beavers: His bank on brink of failing - Crain's Chicago Business
Federal banking regulators are soliciting bids from other banks for New City's assets and deposits in preparation for the lender's expected failure, according to a person familiar with the matter. The bank, launched at a high-profile South Michigan ...
A rival scorned haunts Patrick Ryan's insurance brokerage - Crain's Chicago Business
Ryan Specialty placed about $1.4 billion in premiums in 2011, according to a person familiar with the matter. That translates into revenue of well over $100 million. A Ryan spokeswoman wouldn't comment on the figures.
MF Global triggers regulatory rethink at CFTC - Crain's Chicago Business
"There is a whole package of recommendations that staff has drafted at the direction of the chairman to bolster our current regulations," said the CFTC official, who was not authorized to speak on the record. "I think, absolutely, I would say these are ...
DraftFCB set to pick up business from Cox, adding 60 jobs - Crain's Chicago Business
(Crain's) — DraftFCB in Chicago is poised to pick up the direct-response and digital-marketing account for cable TV and wireless provider Cox Communications after a review, according to people familiar with the matter. The Interpublic agency referred ...
Sun-Times company to be sold for more than $20 million - Crain's Chicago Business
The sale is expected to close as early as Monday, a source said. The deal to buy the newspaper chain, which includes the Chicago Sun-Times and suburban daily and weekly newspapers, has been in the offing for weeks and was initially reported last month ...
Cubs float new Wrigley funding scheme, and Rahm's interested: Greg Hinz - Crain's Chicago Business
For instance, a source close to Mr. Emanuel said there is no chance the mayor would back an expanded tax on restaurant meals in the Lakeview area to pay for stadium work. But a state historic tax credit in the range of $40 million is said to be ...
Shareholders start to sour as PrivateBancorp lags rivals - Crain's Chicago Business
GTCR LLC, a Chicago-based private-equity firm and PrivateBancorp's biggest investor, is among the restive shareholders, according to people familiar with the matter. With an 8.6% stake that cost more than $100 million, GTCR's basis in the bank's stock ...
First Chicago expected to fail, Wintrust the buyer - Crain's Chicago Business
(Crain's) — First Chicago Bank & Trust is expected to be seized by the Federal Deposit Insurance Corp. later today, and Wintrust Financial Corp. will be the buyer of the assets and deposits, according to people familiar with the matter. ...
Quinn overhauls ISAC board - Crain's Chicago Business
The new board will meet Friday to make what people familiar with the matter say will be major changes to ISAC. It also is expected to decide the future of Executive Director Andrew Davis, who engineered a controversial, unorthodox overhaul of the ...
Durbin aims to thwart Midway, Amtrak privatizations - Crain's Chicago Business
“It's a deal killer,” said an investment banker who worked on Chicago's suspended Midway deal, who asked not to be named. Even if the federal repayment is reduced by depreciation of the asset since it was built, as the bill would allow, it would still ...
Banking vet Mark Sander leaves Associated Bank for First Midwest Bancorp - Crain's Chicago Business
(Crain's) — Mark Sander is joining Itasca-based First Midwest Bancorp Inc. as president after leaving Wisconsin-based Associated Banc-Corp as chief of commercial lending, according to people familiar with the matter. Mr. Sander, a longtime Chicago ...
MB Financial puts $400 million in bad loans on the block - Crain's Chicago Business
The $10 billion-asset bank has hired Chicago-based JBS & Associates Inc. to solicit offers for the loans, according to a person familiar with the matter. Bids are due next week, sources say. The sale, which includes loans backed by all manner of ...
MillerCoors, Chicago bars call marketing audible on NFL lockout - Crain's Chicago Business
“It's the single-biggest media expenditure,” says one of the executives, speaking on the condition of anonymity. “This is the time when (MillerCoors would) drop $40 million to $60 million in media, so where do you redeploy that? As a national property, ...
Exelon CEO Rowe to exit after Constellation deal closes - Crain's Chicago Business
As soon as Thursday morning, Exelon is expected to announce an agreement to purchase Constellation in an all-stock deal valuing the Baltimore-based utility holding company at more than $7.7 billion, the source said. Once the deal closes, ...
Exelon in talks to buy Constellation Energy: sources - Crain's Chicago Business
(Crain's) — Exelon Corp. is in merger talks with Baltimore-based utility holding company Constellation Energy Group Inc., according to people familiar with the matter. Constellation's stock price jumped 4% on Wednesday, as investors made apparent bets ...