Comment on Covia Holdings' First Earnings Report Shows Some Promise for Investors

An embattled auto plant in far northern Belvidere is in line for a planned $334 million grant from the federal government, part of the Biden administration’s commitment to stoking a transition to electric vehicles, the U. S. Department of Energy announced Thursday. The grant would be a significant investment in both Illinois’ EV industry and in a plant that some thought was on a path to permanent closure early last year.

Not long after Revival Food Hall said they would close at the end of the month, an Atlanta-based hospitality management company announced Wednesday that it was taking over, effective immediately. STHRN Hospitality, which manages similar food halls in Los Angeles, Atlanta, Cincinnati and other cities, will oversee Revival’s 14 vendors and the central bar in the National Building at 125 S.

Whether it’s a social media post with misinformation about tax filing or a text message or phone call from someone claiming to be collecting money owed, the Internal Revenue Service is reminding taxpayers to be vigilant when it comes to tax scams. Danny Werfel, commissioner of the IRS, said in an interview with the Tribune the “exponential growth of tax scams” is “particularly challenging” for the agency as society and the tax system evolve, making taxes more complex. “The world is changing rapidly with more filers, more tax law changes, more currencies and more globalization, which can lead to scams that are victimizing innocent taxpayers and in particular, vulnerable populations,” Werfel said. While in Chicago, Werfel said much of his time would be spent meeting with the “hundreds of IRS employees” that work in the area to discuss ways the IRS can do better and also meeting with stakeholders, such as local tax professionals, to hear from the people on the ground and those who work in low-income and distressed communities to increase tax literacy and awareness of tax scams. Social media, with all its bells and whistles, is also home to a lot of misinformation.

The bankrupt owner of Redbox Entertainment Inc. will be liquidated, a judge ruled Wednesday, after lawyers for the company and lenders accused its former chief executive officer of mismanaging the business and failing to pay workers or fund their health benefits. Judge Thomas Horan said during a Delaware court hearing that Oakbrook Terrace-based Redbox’s publicly traded owner, Chicken Soup for the Soul Entertainment Inc., will be shut down by an independent trustee after an earlier effort by the company to borrow fresh funds to pay employees failed.

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