Business Stories from February 2, 2026 (Change date)
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New, larger H-Mart Asian grocery store opens in renovated former Kohl’s site in SchaumburgFeb 02, 2026 5:15 pm - A new, larger H-Mart grocery store has opened in a renovated Kohl’s store in Schaumburg, replacing the village’s original decade-old location just blocks away.
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Mount Prospect closes deal on St. Mark property boosting downtown parkingFeb 02, 2026 4:10 pm - Mount Prospect officials confirmed the village has closed on the St. Mark Lutheran Church property, a deal that should provide additional downtown parking spaces.
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‘Land saved’: The Conservation Foundation steps in to help preserve property once eyed for warehousesFeb 02, 2026 3:05 pm - Nearly four years ago, Dundee Township residents banded together to fight against a proposed warehouse development at Binnie and Randall roads. Today, a sign from The Conservation Foundation at the same intersection proclaims victory: “Land Saved.”
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Some companies tie AI to layoffs, but the reality is more complicatedFeb 02, 2026 2:30 pm - Many assumed Amazon’s 16,000 corporate layoffs announced last week reflected CEO Andy Jassy’s push to reduce the corporate workforce and “get efficiency gains from using AI extensively across the company.” But like other companies that have tied workforce changes to AI — including Expedia, Pinterest and Dow last week — it can be hard for economists to know if AI is the real reason behind the layoffs or if it's the message a company wants to tell Wall Street.
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Labor Department delays January jobs report because of partial shutdownFeb 02, 2026 1:10 pm - The Labor Department, citing the partial federal government shutdown, said Monday that it will not release the January jobs report on Friday as scheduled.
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‘This was a rescue’: St. Charles plastics plant remains open after being bought by German firmFeb 02, 2026 11:41 am - After months of expecting the manufacturing plant to close down for good, the German-based company MATEtronix acquired Microplastics Inc., rehiring a majority of the same employees and keeping the equipment in St. Charles.
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Plan for 5-story building on Fox River Grove’s Block B ‘unlikely’ without new TIF, consultant saysFeb 02, 2026 11:39 am - Fox River Grove is looking to create another downtown tax increment financing district — this time specifically to incentivize redevelopment of a vacant block that was demolished last year.
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Underwood introduces bills to expand ways Illinois farmers can sell directly to consumersFeb 02, 2026 11:39 am - U.S. Rep. Lauren Underwood has introduced legislation that, if passed, could make it easier for local farmers to sell their products directly to consumers.
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Car wash proposed in MundeleinFeb 02, 2026 11:33 am - Mundelein’s planning and zoning commission will meet Wednesday night to discuss a proposal for a car wash and a commercial building.
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Bargains galore: Shop discounted inventory at Chicago Winter Bike SwapFeb 02, 2026 9:05 am - The Chicago Winter Bike Swap at the Kane County Fairgrounds on Feb. 8 attracts around 1,000 bikers and vendors. The swap features bikes, components, and gear for sale by individuals and discounted inventory from bike shops and vendors.
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