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Gas prices hit $5 across the suburbs; key inflation gauge jumps to highest level in 3 years

By CHRISTOPHER RUGABER
Apr 30, 2026 7:57 am - A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve.
Union Pacific argues for its $85B acquisition of Norfolk Southern in new railroad merger application

By JOSH FUNK
Apr 30, 2026 7:46 am - Union Pacific hopes regulators will be convinced this time that its $85 billion acquisition of Norfolk Southern that it detailed for the second time Thursday will be good for the country.
IBM will bring innovation hub, 750 new jobs to Chicago’s quantum park

By Aidan Klineman
Apr 29, 2026 6:35 pm - Gov. JB Pritzker announced last Wednesday that IBM will bring its FutureNow innovation and delivery hub to Chicago’s South Side. The center will be located on the planned Illinois Quantum and Microelectronics Park campus and is set to create 750 full-time jobs in supercomputing fields, such as cybersecurity, AI and data science.
NFL focuses on fate of Bears stadium as the legislative clock ticks

By Marni Pyke
Apr 29, 2026 6:30 pm - Arlington Heights or Indiana? NFL officials won’t say where the Chicago Bears den should go but the organization is watching as Illinois lawmakers deliberate.
Oil prices keep moving higher, but US stocks hold near their records

By STAN CHOE
Apr 29, 2026 4:49 pm - More jumps for oil prices sent tremors through the U.S. bond market on Wednesday, along with hints that some Federal Reserve officials don’t want to cut interest rates any time soon. But fat profit reports from Starbucks and other big companies helped the U.S. stock market remain resilient despite that.
Elon Musk tells his side of OpenAI's beginnings in trial pitting him against CEO Sam Altman

By BARBARA ORTUTAY
Apr 29, 2026 4:05 pm - Elon Musk took the stand for the second day Wednesday in the landmark trial that pits the world's richest person against Sam Altman, a fellow OpenAI co-founder he accuses of betraying promises to keep the company as a nonprofit dedicated to humanity's benefit.
‘Truly special’: Des Plaines will team with developer to convert shuttered YMCA facility into new athletic center

By Russell Lissau
Apr 29, 2026 2:02 pm - Des Plaines is set to purchase a long-vacant YMCA facility and lease it to a company that will operate a new athletic center there.
Powell plans to stay on at Fed after his term as chair ends, citing legal actions by administration

By CHRISTOPHER RUGABER
Apr 29, 2026 1:11 pm - Jerome Powell plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time,” saying the “unprecedented” legal attacks by the Trump administration have put the independence of the nation's central bank at risk.
Gurnee, Lindenhurst police investigating rash of overnight burglaries to businesses

By Mick Zawislak
Apr 29, 2026 10:33 am - Police in Gurnee and Lindenhurst are investigating what may be related burglaries to several businesses over the past several days.
Schaumburg extends TIF district to Loeber Farm for controversial residential development

By Eric Peterson
Apr 29, 2026 9:53 am - Three months after approving a long-contemplated but controversial residential development for the 33-acre Loeber Farm, Schaumburg trustees Tuesday also gave the nod to the extension of a tax incentive to finance its necessary public improvements.

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