Walmart joins other stores in limiting access to stores
Walmart still wants customers, just fewer of them at a time. The nation's largest retailer said it will now allow no more than five customers for each 1,000 square feet at a given time, roughly about 20% of the average store's capacity.
Home lenders brace for up to 15 million U.S. mortgage defaultsMortgage lenders are preparing for the biggest wave of delinquencies in history. If the plan to buy time works, they may avert an even worse crisis: Mass foreclosures and mortgage market mayhem.
Zoom has become the movie of our lives, boxed for an occasion we didn't know was comingEons ago -- also known as January -- Zoom was a semi-obscure service known mostly as a business-based videoconferencing tool. Now, in the throes of the coronavirus pandemic, it has become a our instant vernacular.
Analysis: We're all video chatting now. But some of us hate it.One feature of video chatting -- or bug, depending on your view -- is that not only can others see you, but you can see yourself in a second small window. And almost everyone feels awkward on camera.
Stimulus may come too late for U.S. businesses already stretchedThe economic peril from the coronavirus is growing more stark every day, and the $2 trillion stimulus may not deliver a rescue in time for the many small businesses and families who lack the cash to stay afloat for more than a week or two.
Some companies are pledging not to lay off employees, for now"Are we really going to have somebody remotely call somebody at their home -- not knowing their personal circumstances in any degree, not knowing whether they have a loved one in the next room who's struggling -- and let them go?" Glaser said in an interview. "What would that say about us as a company?"
Pension funds will take a big coronavirus hitOne major financial crisis that may hit later this year or early in 2021 is the ever-looming collapse in state and local employee pension funds. Although the problem has been growing for decades, the virus may have been the event that pushed it over the edge.
New rallying cry: No one should pay rent until the coronavirus endsThe Washington Post interviewed small business owners and laid-off workers across the country about how they're dealing with the economic challenge of paying rent with little to no income. Whether they're renting commercial property to run a restaurant or a one-bedroom apartment to live in, renters said the options offered by their landlords were limited and could leave them in worse financial condition later.
More than 14K Illinois jobs lost in March due to virusThe impact of the COVID-19 outbreak on the Illinois economy was reflected in the state's monthly layoff for report for March, which showed more than 14,000 people losing jobs across the state last month.
February marijuana sales net state $8 million in taxesIllinois received $5.2 million in marijuana taxes in February and an additional $3 million in sales taxes from recreational marijuana sales.
Former United Airlines CEO, Barrington resident 'saw the future of aviation'A former chairman, CEO and president of United Airlines has died. James Hartigan, 95, of Barrington, died Saturday of natural causes, his family announced in a news release. A native of Brooklyn, New York, Hartigan started working for United in 1942 as a junior passenger agent.
Recreational marijuana buyers spent $35.9 million in MarchDispensaries throughout Illinois sold $35.9 million worth of recreational marijuana in March, according to the Illinois Department of Financial and Professional Regulation.
A project to make you feel better: New windows and doors make your home more comfortableIt is a good time to improve the look of any home that more and more people are examining, while at the same time supporting a local business and its employees.
CMX CinéBistro in Wheeling receives permission to add games to dining areaCMX CinéBistro Wheeling will have a couple of additional entertainment options whenever it is allowed to reopen.
Protect your health (and your data): 6 tips for remote working as COVID-19 spreadsAs the number of confirmed cases of COVID-19 (coronavirus) continues to increase, organizations across the world have implemented measures to combat the spread of the virus to their employees and customers. One of the most common precautionary measures taken has been instituting or expanding remote working policies.
Suburban Business News
from the staffs of the Daily Herald and the Business Ledger
- BarringtonFormer United Airlines CEO, Barrington resident 'saw the future of aviation'
- Mount ProspectMount Prospect company donates supply of face masks
- SchaumburgDistrict 211 extends period of Schaumburg land sale
- SchaumburgDistrict 211 may delay sale of Schaumburg land to home developer
- ItascaFlexera names three Partners of the Year
- Downers GroveRoadrunner sells off Stagecoach Cartage business
- BataviaNew Batavia Popcorn Depot owners hope to open in May
- NapervilleNaperville photographer's project captures 'light inside' dancers during pandemic
- NewsConstable: Treating COVID-19 'like nothing I've ever seen,' Hinsdale doctor says
- SportsO'Donnell: A dentist, a priest and the lost local hopes of the Dayton Flyers
- GurneeGurnee board to consider buying Old Grand buildings in floodplain
- Lake CountySurvey for business owners
- NapervilleCancer survivor makes homemade face masks for Naperville hospital
- WarrenvilleSenior housing project in Warrenville could break ground next month
- BarringtonHow planners are deciding to cancel or keep summer festivals in age of coronavirus
Through the Film Magnifer: William H Macy, Illinois Bell Strike, Montgomery Wards sking, 1979 blizard and more