Geneva alderpersons recommended approval of an economic incentive agreement of $131,762 for a developer who proposes to rehabilitate a 113-year-old building for commercial and residential use.
Walmart, which became the nation's largest retailer by making low prices a priority, has found itself in a place it's rarely been: Warning customers that prices will rise for goods ranging from bananas to car seats. Executives at the $750 billion company told industry analysts Thursday that they are doing everything in their power to absorb the higher costs from tariffs ordered by President Donald Trump. Given the magnitude of the duties, however, the highest since the 1930s, higher prices are unavoidable, and they will hurt Walmart customers already buffeted by inflation over the past three years. Walmart reported strong sales for the first quarter on Thursday, though profits slipped.
Property with a view of the Fox River in Kane County often isn’t affordable, but Batavia is in the early stages of reviewing a proposal for a development that would give low-income renters one of the best views around.
A deal has been announced for ADP payroll services to relocate from its Elk Grove Village offices to join Wheels, Inc. in leasing space Zurich North America has made available for tenants at its iconic Schaumburg headquarters.
The Chicago Bears on Friday announced a shift in focus back to Arlington Heights for their stadium development plans, after previously considering a lakefront site in Chicago.
The Bahama Breeze Island Grille restaurant in Schaumburg is among 15 nationwide that were closed this week by Darden Restaurants, Inc.