Business

Briefs: Monarch Landing bonds approved

Posted November 13, 2007 10:00 pm

NAPERVILLE -- The Illinois Finance Authority gave final approval Tuesday to up to $685 million of tax-exempt debt and initial approval to up to $505 million of bonds. Northwestern Memorial Hospital received approval for $400 million of bonds for a new women's hospital in Chicago. The authority also approved up to $185 million of bonds for Monarch Landing, a retirement community in Naperville.

Gallagher buys New York firm

ITASCA -- Arthur J. Gallagher & Co. on Tuesday announced the acquisition of C&B Consulting Group Inc. of Syosset, N.Y. Terms of the transaction were not disclosed. Founded in 1992, C&B is an employee benefits insurance broker. Itasca-based Arthur J. Gallagher & Co. is an international insurance brokerage and risk management services firm.

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