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Keurig Dr Pepper to buy Peet’s Coffee owner in $18 billion deal

Aug 25, 2025 7:37 am - Keurig Dr Pepper said Monday it will buy Peet’s Coffee owner JDE Peet’s in a deal worth about $18 billion.
Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts

By CHRISTOPHER RUGABER
Aug 23, 2025 4:13 pm - Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House's demands.For months, Powell has largely ignored President Donald Trump's constant hectoring that he reduce borrowing costs. Yet on Friday, in a highly-anticipated speech, Powell suggested that the Fed could take such a step as soon as its next meeting in September
The Biz Week That Was: New streaming and grocery taxes, outlet mall gets new retailers, and taproom expands

Daily Herald report
Aug 23, 2025 1:55 pm - Arlington Heights implements new streaming tax, retains grocery tax Arlington Heights will levy a new streaming tax, and keep an old grocery tax, village board membe...
Better Business Bureau’s Top 10 financial tips for business owners

By Steve Bernas
Aug 23, 2025 1:45 pm - In the ever-evolving world of entrepreneurship, financial management remains one of the most critical pillars of success.
Proposed downtown St. Charles townhouses could go for $1.9M each, developer says

By David Petesch
Aug 23, 2025 1:42 pm - A proposed housing development in downtown St. Charles moved closer to approval this month after a positive recommendation from the city’s plan commission.
European postal services suspend shipment of packages to US over import tariffs

By DEMETRIS NELLAS and MAE ANDERSON
Aug 23, 2025 1:40 pm - The end of an exemption on tariff duties for low-value packages coming into the United States is causing multiple international postal services to pause shipping as they await more clarity on the rule.The exemption, known as the “de minimis” exemption, allows packages worth less than $800 to come into the U.S. duty free. A total of 1.36 billion packages were sent in 2024 under this exemption, for goods worth $64.6 billion, according to data from the U.S. Customs and Border Patrol Agency.
Firm urges action to address decline in quality of nursing home care

By Margaret Battersby Black
Aug 23, 2025 12:03 pm - Nursing home care in Illinois has declined significantly in recent years. A key reason for the decline in care is that there is little accountability in Illinois for nursing homes.
Rideshare safety and legal risks passengers need to know

By Michael J. Sorich
Aug 23, 2025 12:00 pm - Unlike the highly regulated taxi industry, rideshare services have far fewer safeguards for passengers. Getting into an Uber or Lyft carries safety and legal risks that are very different from taking a traditional taxi.
‘Always doing what’s right by the customers’: Naperville’s Oswald’s Pharmacy marks 150 years

By Susan Sarkauskas
Aug 23, 2025 11:00 am - Oswald’s Pharmacy in Naperville is looking back on 150 years of business, while also staying committed to doing what is necessary to stay in business for years to come.
Should Mundelein enact a 1% grocery tax to replace disappearing state fee?

By Russell Lissau
Aug 23, 2025 10:27 am - Mundelein officials on Monday will discuss whether to create a 1% municipal grocery tax that would replace a state tax set to be eliminated Jan. 1.

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