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Tinley Park OKs another $7.3 million in contracts for downtown Harmony Square plaza

Tinley Park officials voted this week to approve contracts worth $7.3 million for work at a Harmony Square, an outdoor music and performance venue in the village’s downtown that will also include retail space, apartments and town houses.
The new contracts cover decorative woodwork, painting, flooring and electrical work for the project.

 

Pocketbook issues front of mind as Target, Best Buy launch holiday retail season

Target plans again to hire 100,000 seasonal workers and will have its first holiday sales event next month.
Richfield-based Best Buy and other retailers also are stretching the ever-important holiday retail season as long as possible.
Both Target and Best Buy have acknowledged they must work hard to entice consumers who are shopping more selectively. Spending during the holidays is projected to increase by the smallest increment in the past few years.

 

Chicago Sports Network and DirecTV announce deal, but holes in TV viewing market remain ahead of launch

As expected, the Chicago Sports Network and DirecTV formally announced an agreement Wednesday to carry the new TV home of the White Sox, Bulls and Blackhawks when it launches Oct. 1.

 

Hulk Hogan draws a crowd in New Lenox as he hawks his beer brand

Mokena’s David Smith and his wife, Barb, waited for more than three hours Wednesday to meet Hulk Hogan.
It was worth the wait for them.
The former wrestler and TV and movie actor was at Jewel in New Lenox to hawk his Real American Beer and sign cases of the beverage for fans.
Barb, who is in a wheelchair, caught Hogan’s attention.
“Hey, pretty lady,” Hogan said.
When Barb introduced the man nicknamed the Hulkster to her husband, who was wearing a red and yellow Hulkamania bandana, she told Hogan the 61-year-old David wanted to be like him.

 

The Fed’s interest rate cut could jump-start residential development in downtown Chicago. ‘We need to have cranes in the sky.’

The Federal Reserve announced on Wednesday its first interest rate cut since the pandemic, a move real estate developers say could eventually help kick off the construction of new apartment complexes across downtown Chicago and dot the skyline with cranes.
Thousands of residents want to move downtown, especially to amenity-rich neighborhoods in the West Loop such as Fulton Market, and developers have been aching to break ground on new projects, but some proposals got too costly after the Fed began hiking interest rates in 2022.

 

Chicago-based Oak Street Health to pay $60M to settle kickback allegations

Chicago-based Oak Street Health has agreed to pay $60 million to settle allegations that it paid kickbacks to insurance agents in exchange for their help recruiting patients.
The U.S. government alleged that from 2020 to 2022, Oak Street had a program under which third-party insurance agents contacted seniors to market Oak Street to them. Agents would then refer interested seniors to an Oak Street employee through a three-way phone call. Oak Street would then typically pay the agents $200 per beneficiary they referred.

 

Tupperware lifts the lid on its financial problems with bankruptcy filing

NEW YORK — The company behind Tupperware, the plastic kitchenware that revolutionized food storage after World War II and became inextricably linked to the parties where women seeking a measure of financial independence and fun in midcentury America sold the colorful products, has filed for bankruptcy.
Tupperware Brands, the Orlando, Florida-based consumer goods company that produces the iconic line of containers, said it was seeking Chapter 11 bankruptcy protection after struggling to revitalize its core business and failing to secure a tenable takeover offer.

 

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