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CDPQ buys 27 pct of Hilco Trading

La Caisse de dépôt et placement du Québec said March 21 that it acquired a minority, 27 percent, of Hilco Trading LLC. Financial terms weren’t announced. Hilco, of Chicago, is a diversified financial services company. PRESS RELEASE MONTRÉAL and CHICAGO, March 21, 2019 /PRNewswire/ – La Caisse de dépôt et placement du Québec (“CDPQ”) has acquired a minority stake in Hilco Trading, LLC (d/b/a “Hilco Global”), an independent financial services company. Following the transaction, CDPQ will own 27% o...
Tags: Facebook, India, US, Trends, Chicago, Canada, New Delhi, Quebec, JEFFREY, Northbrook Illinois, PE Deals, Hilco, CDPQ, Quebec CDPQ, Stephane Etroy Executive, Hilco Global


'Empire' ratings hit series low after Jussie Smollett's arrest

Ratings for Fox's "Empire" dropped dramatically when the show returned from a hiatus last week. It was the first new episode to air following actor Jussie Smollett's arrest. The episode was viewed by 4 million people, according to Nielsen. That's down 13% from the last episode in December, and 35% from the comparable premiere last year. Wednesday's new episode hit a series low with fewer than 4 million viewers. Chicago police said Smollett staged an assault as a publicity stunt. He turned hims...
Tags: Trends, Chicago, Nielsen, Jussie Smollett, Jamal, Smollett, Jussie, Jamal Lyon, Fox s Empire, Nielsen That


Morningside Technology Ventures leads $11 mln Series A funding in Jitjatjo

Morningside Technology Ventures led an $11 million Series A funding round in Jitjatjo, which matches hospitality operators with vetted industry professionals using artificial intelligence. Mick Sawka of Morningside Technology Advisory, will join Jitjatjo’s board of directors. Press Release Jitjatjo, the mobile staffing marketplace that leverages artificial intelligence to instantly and accurately match hospitality operators with vetted industry professionals, today announced that the company has...
Tags: Hong Kong, New York, New York City, Trends, Chicago, United States, Company, CHAN, VC Deals, Morningside, Morningside Technology Ventures, Jitjatjo, Mick Sawka, Morningside Technology Advisory, Morningside Technology Advisory LLC, Jitjatjo s Board


May River Capital-backed Hunt Valve acquires MB Valve

May River Capital-backed Hunt Valve Co., which makes specialty valves for the U.S. Navy and industrial customers, acquired Montreal Bronze Ltd. (known as MB Valve). May River completed a recapitalization of Hunt Valve Co. in December 2018 through its first fund. Press Release Hunt Valve Company (Hunt Valve), a specialty valve engineering and manufacturing company serving the United States Navy and industrial customers worldwide, announced today that it has completed its acquisition of Montreal B...
Tags: Navy, Virginia, Trends, Chicago, Nato, Ford, EC, Hunt, Kay, U S Navy, Terrebonne Quebec, United States Navy, Houlihan Lokey, David Bala, Griesemer, PE Deals


Blackwell joins SMS Assist

SMS Assist said March 21 that it hired Graham Blackwell as chief strategy and revenue officer. Blackwell most recently was an executive vice president with Bain Capital’s North American Private Equity Team. SMS Assist raised $150 million from Goldman Sachs Investment Partners in 2016. PRESS RELEASE CHICAGO–(BUSINESS WIRE)–SMS Assist announced today the hiring of Graham Blackwell as chief strategy and revenue officer. A deeply experienced operating executive, Blackwell will lead SMS Assist’s stra...
Tags: Trends, People, Chicago, Graham, Bmc, Naperville, McKinsey Company, Ohio University, Blue Nile, BLACKWELL, Goldman Sachs Investment Partners, Taylor Rhodes, Graham Blackwell, Bain Capital 's North American Private Equity Team, Bain Capital Blackwell, Accenture Blackwell


Judge: Tootsie Mini Pops packaging too similar to Dum Dums’

TOLEDO, Ohio (AP) — A federal judge is siding with the makers of Dum Dums lollipops in its lawsuit against a rival candy maker. Ohio-based Spangler Candy Co. is suing Tootsie Roll Industries because it says the Chicago-based company’s new Charms Mini Pops packaging too closely resembles the Dum Dums packaging. A preliminary injunction handed […]
Tags: Business, News, Ap, Chicago, Nation, Ohio, Toledo Ohio, Tootsie Roll Industries, Spangler Candy Co


GTCR, Lucier form Corza Health

GTCR said March 20 that it’s partnering with Gregory T. Lucier to form Corza Health Inc. Lucier will serve as CEO of Corza Health and will invest alongside GTCR. Corza, of San Diego, will buy companies and assets that focus on on the broader life sciences and medical technology sector. PRESS RELEASE CHICAGO, March 20, 2019 /PRNewswire/ — GTCR, a leading private equity firm, today announced that it has entered into a partnership with Gregory T. Lucier to form Corza Health, Inc. (“Corza Health”). ...
Tags: Trends, Chicago, Brian, General Electric, Greg, San Diego CA, Thermo Fisher Scientific, Berning, Becton Dickinson Co, GreatCall, GTCR, Lucier, Cole Parmer, Life Technologies, GE Medical Systems, CareFusion Corporation


Nexstar Media selling 19 TV stations for $1.32 billion

IRVING, Texas (AP) — Nexstar is selling 19 television stations for $1.32 billion as part of its buyout deal with Tribune Media. Nexstar agreed in December to buy Chicago’s Tribune Media for about $4 billion. Part of that agreement requires Nexstar to sell certain television stations in order to comply with the FCC local and […]
Tags: Business, Technology, News, Fcc, Ap, Chicago, Tribune Media, Nexstar, Nexstar Media, Irving Texas, Tribune Media Nexstar


San Francisco floats ban on e-cigarettes pending US review

SAN FRANCISCO (AP) — San Francisco is trying to crack down on electronic cigarettes that critics say aggressively target kids, with an official on Tuesday planning to propose what’s believed to be the first U.S. ban on their sale until the federal government regulates vaping products. City Attorney Dennis Herrera said he, Chicago and New […]
Tags: Health, Business, News, US, San Francisco, Ap, Chicago, Nation, Dennis Herrera


Business briefly: US stocks give up an early rally; JLL buys HFF in Texas

U.S. stock indexes closed mostly lower Tuesday after a late-afternoon splash of selling erased early gains, ending a weeklong rally. Banks accounted for much of the decline, along with utilities and industrial companies. Those losses offset gains in health care, technology and consumer products stocks. The S&P 500 index slipped 0.37 points, or 0.01 percent, to 2,832.57. The Dow Jones Industrial Average dropped 26.72 points, or 0.1 percent, to 25,887.38. The Nasdaq composite gained 9.47 points, o...
Tags: Europe, Business, Elon Musk, Texas, US, Tesla, Sport, Chicago, Soccer, Treasury, Manhattan, Dallas, SEC, Securities And Exchange Commission, Musk, Commercial Real Estate


Cresset Asset buys Evanston Advisors

Cresset Asset Management said March 19 that it acquired Evanston Advisors. Financial terms weren’t announced. Evanston is an RIA with more than $500 million in client assets under management. PRESS RELEASE CHICAGO–(BUSINESS WIRE)–Cresset Asset Management (“Cresset”) announced today the acquisition of Evanston Advisors (“Evanston”), a Chicago-area SEC Registered Investment Advisor (“RIA”). This exciting partnership enhances Cresset’s ability to serve clients in the Chicago market and across the g...
Tags: Trends, Chicago, Dave, M&a, SEC, Financial Services, Evanston, Becker, Dave Jackson, RIA, Stein, Cantrell, Avy Stein, Eric Becker, Cresset Partners, Cresset


Boeing’s CEO wrote an open letter about the 737 Max plane groundings — here’s what he says the company is doing after two deadly crashes (BA)

Boeing's CEO responded to growing questions about its 737 Max plane on Monday.  In an open letter to passengers and airlines, Dennis Muilenburg said the hotly awaited software update for the model should be available by the end of the month.  Read the full text of his letter below. Amid growing scrutiny surrounding the second crash of its 737 Max plane, Boeing’s CEO on Monday released an open letter to airlines and passengers about the ongoing investigation. "We're united with our airline cus...
Tags: Trends, Chicago, Ethiopia, Faa, Boeing, Ethiopian Airlines, National Transportation Safety Board, Lion Air, Dennis Muilenburg, Muilenburg, Boeing Company, RENTON Wash, Ethiopia Accident Investigation Bureau, Boeing Dennis MuilenburgChairman


Everything we know about Ethiopian Airlines’ deadly crash of a Boeing 737 Max 8, the second disaster involving the plane in 5 months, and what Boeing is doing to ensure it never happens again (BA)

A Boeing 737 Max 8 operated by Ethiopian Airlines was the second such plane to crash in five months on Sunday, March 10.  No cause has been determined, but experts say there are many similarities to the Lion Air crash in October. Most countries — including the US, Europe, and China — have all grounded the plane.  Boeing says it will soon roll out software updates to fix a problem with how the plane flies.  Boeing's stock price, as well as shares of related companies, have taken major hits as t...
Tags: Facebook, Europe, France, China, US, Trends, Tesla, Customers, Chicago, United States, New York Times, Faa, Boeing, Canaccord Genuity, Airline, United Airlines


A cross-country American Airlines flight was diverted because its bathrooms were unusable (AAL)

An American Airlines flight from San Francisco to New York City was diverted to Chicago because its bathrooms were unusable, the flight-tracking website Flightradar24 first reported. American Airlines told Business Insider that the issue with the flight's bathrooms occurred close to Chicago. "We never want to disrupt our customers’ travel plans, and we are sorry for the trouble this diversion has caused the 74 passengers on this flight," the airline said. An American Airlines flight from San ...
Tags: New York City, US, San Francisco, Trends, Chicago, John, Faa, Aston Martin, Boeing, American Airlines, Kennedy International Airport, Eastern Time, San Francisco International Airport, Lagonda, Amazon Air, An American Airlines


Intel and the Department of Energy are building America's first exascale supercomputer, a computer that's capable of a quintillion calculations per second (INTC)

Intel and the U.S. Department of Energy announced Monday that they will start to build Aurora, the U.S.'s first exascale supercomputer. An exascale supercomputer is capable of processing one quintillion (1,000,000,000,000,000,000) calculations per second, and it can be used for testing military weapons, modeling weather patterns, energy research, and even prevention of cancer, cardiac risk, traumatic brain injuries and suicide. When Aurora is completed in 2021, it will be the U.S.'s most power...
Tags: Google, Amazon, California, America, Trends, Intel, Chicago, Rick Perry, Ibm, Department Of Energy, Aurora, U S Department of Energy, Argonne, Cray, Argonne National Laboratory, Microsoft Intel


Intel and the Department of Energy are building America's first exascale supercomputer, a computer capable of a quintillion calculations per second (INTC)

Intel and the US Department of Energy announced Monday that they would build Aurora, described as the US's first exascale supercomputer. An exascale supercomputer, capable of processing 1 quintillion (1,000,000,000,000,000,000) calculations per second, could be used for testing military weapons, modeling weather patterns, or doing research on cancer, cardiac issues, traumatic brain injuries, and suicide prevention. Intel and the Energy Department said that when Aurora is completed in 2021, it ...
Tags: Google, California, US, America, Trends, Intel, Chicago, Rick Perry, Ibm, Department Of Energy, McDonald, Aurora, US Department of Energy, Argonne, Cray, Energy Department


One US airline will likely bear the brunt of the Boeing 737 Max ban (BA, LUV)

Southwest Airlines will face greater logistical challenges following the grounding of Boeing 737 Max aircraft than United Airlines and American Airlines, said Henry Harteveldt, the founder of the travel research company Atmosphere Research Group. American and United use a "hub-and-spoke" model to organize their flight schedules, which means planes are more likely to return to a central hub after a given flight than in Southwest's "point-to-point" model, under which a plane is more likely to fl...
Tags: Boston, US, America, Trends, Atlanta, Chicago, United States, New Orleans, Houston, Faa, Baltimore, Boeing, United, Southwest Airlines, Tampa, United Airlines


Lyft is seeking a $23 billion valuation as it officially launches its IPO — here’s where its executives are headed to court investors (LYFT)

Lyft filed an , targeting a $21 billion-$23 billion valuation when shares price as early next week.  Executives and bankers will begin the company's roadshow this week with stops in Los Angeles, San Francisco, New York, Baltimore, Chicago and more. The company is expected to pitch its singular ride-hailing focus to investors, as opposed to Uber's multi-pronged bet on everything from self-driving cars to food delivery.  Lyft is going full-steam-ahead on its initial public offering. In an , t...
Tags: Amazon, Lyft, Uber, Minneapolis, Boston, New York City, US, Los Angeles, San Francisco, Trends, Tesla, Chicago, Canada, Travis Kalanick, Kansas City, Baltimore


Jordan Co to buy Sabre Industries from Kohlberg

Jordan Co LP said March 18 that it agreed to buy Sabre Industries Inc. Financial terms weren’t announced. Kohlberg & Co LLC is the seller. Management is also investing in the deal. Sabre, of Alvarado, Texas makes products for the utility and telecom markets, structures and complementary services for the electric transmission and wireless communication end markets. Kirkland & Ellis LLP acted as legal adviser to TJC. Houlihan Lokey Capital Inc and KeyBanc Capital Markets Inc were financial adviser...
Tags: Trends, Tech, Chicago, United States, North America, Sabre, Company, Kristin, Kirkland Ellis LLP, Paul Weiss Rifkind Wharton Garrison, KeyBanc Capital Markets Inc, LLP, TJC, Kohlberg, PE Deals, Jordan Co


ParkerGale buys DealerBuilt

ParkerGale has acquired DealerBuilt. Financial terms weren’t announced. DealerBuilt, of Mason City, Iowa and Grapevine, Texas, provides a dealer management system for auto dealers nationally. PRESS RELEASE ParkerGale Capital Partners with Dealer Management System Software Provider DealerBuilt With increased capital & resources DealerBuilt will be able to further improve customer service & accelerate release of in-demand technologies including F&I e-signature platform and ceDMS Chicago, IL, March...
Tags: Google, Trends, Tech, Chicago, Mason City Iowa, Milligan, Grapevine Texas, PE Deals, DMS, ParkerGale Capital, ParkerGale, DealerBuilt Financial, ParkerGale Capital Partners, Mike Trasatti DealerBuilt, Trasatti, Ryan Milligan Partner at ParkerGale


Pension Funding Becomes More Difficult for State, Local Governments

State and local governments are having increasing levels of difficulty in meeting their pension payment obligations, a problem exacerbated by the retirement of former government employees that are part of the baby boomer generation according to a new report by National Public Radio (NPR). In the city of Houston, Texas, for instance, the initial $2.4 billion pension liability was projected over the next 30 years, which caused it to swell to $9 billion, according to David Berger of Segal Consul...
Tags: Finance, Chicago, Npr, Houston, Detroit, Berger, Houston Texas, Segal, Center for Retirement Research at Boston College, David Berger, National Public Radio NPR, Alicia Munnell, Illinois Connecticut New Jersey


What socialism is — according to Michael Harrington

Michael Harrington was a public intellectual who strove to help the poor and inspired a generation of socialists. He was the first chairman of the Democratic Socialists of America, and nearly ran for president in 1980. While he is far from the only influential thinker on the American left, his ideas have had an outsized influence over the last sixty years. The United States is seeing a renewed interest in left-wing ideas. Chicago might have five socialists on its city council by April, a democra...
Tags: Politics, Sweden, Activism, Democracy, Germany, America, Economics, Poverty, Chicago, United States, Capitalism, Innovation, Ussr, Karl Marx, Cuba, Bernie Sanders


Elevate Your Digital Influence with this Event

Today’s entrepreneurs must become proficient in marketing. Digital marketing tools include websites, social media, blogs and press releases (PR). Communicating with customers remains an essential part of running a business. The Elevate Your Digital Influence event will teach you how to leverage larger media outlets. And the event will help build relationships with the media. The all-day working event happens at the Providencia Pond Retreat in Issaquah, Washington. The event happens Saturday, Ap...
Tags: Boston, Digital, Toronto, Sales, Atlanta, Chicago, Nashville, Voice, FRANKFURT Germany, Toronto Ontario, Lakewood, Social Media Examiner, Oakland Calif, San Diego Calif, DAYTONA BEACH Fla, Redwood City Calif


This Week on TRB

The Hogsalt Hospitality group of restaurants finally opened their Chicago sensation Au Cheval in New York City this week so Bill Sweet, Nick Maggiulli, Blair duQuesnay, Michael Batnick and I raced down to Tribeca to check it out. The burger was amazing, just as it is at the original – which we checked out this past spring when visiting our CHI office. If you’re in New York, get over there asap, and don’...
Tags: New York, Finance, New York City, Links, Chicago, Tribeca, Au Cheval, Michael Batnick, Hogsalt Hospitality, Bill Sweet Nick Maggiulli Blair


You Need to Sell, Sell, Sell

--> A strange misconception among many people, especially professionals, is that there is something wrong with selling. When I talk about selling, I am referring to any number of sales activities: Selling yourself in an interview Selling yourself in a cover letter to an employer Selling yourself to a client Selling yourself to any other person Packaging yourself in a ”sellable” way In every single interaction we have with others, we are selling. The more you sell, the better you will do in you...
Tags: Featured, Congress, Washington, Oregon, Senate, Careers, Sales, Selling, Sales Skills, Goal Setting, Job Market, Ceo, Chicago, United States, Miami, Career Advice


The Boeing 737 Max is now one of the most controversial airliners of all time. Here are 3 others.

The Boeing 737 Max airliner has been grounded by regulatory agencies and airlines worldwide. The action comes after two nearly brand-new Boeing 737 Max 8 airliners crashed within a matter of months. The crashes, the grounding of the fleet, and the public furor make the Boeing 737 Max one of the most controversial airliners in recent memory. Other airliners that ran into trouble include the de Havilland Comet, McDonnell Douglas DC-10, and the Airbus A320. The US Federal Aviation Administration...
Tags: America, Trends, Chicago, Comets, Airbus, Detroit, Boeing, Max, Turkish Airlines, Air France, Douglas, American Airlines, Northwest Airlines, McDonnell Douglas, US Federal Aviation Administration, MCAS


The first exchange to go live with bitcoin futures has stopped listing new contracts as Wall Street interest in crypto wanes

Cboe Global Markets announced late Thursday that it will stop listing new contracts of bitcoin futures. The Chicago-based exchange group, which was the first to launch a derivative for the cryptocurrency, said it is "assessing its approach" to how it handles cryptocurrency derivatives in a notice. Cboe Global Markets, the first exchange group to launch bitcoin futures when it went live in December 2017, announced it was putting a hold on listing new bitcoin contracts. In a notice published la...
Tags: Trends, Chicago, McDonald, CME, CBOE, CBOE Futures Exchange, Cboe Global Markets, Ed Tilly


The first exchange to go live with bitcoin futures now isn't listing new contracts as another sign of the difficulty getting Wall Street interested in crypto

Cboe Global Markets announced late Thursday that it will stop listing new contracts of bitcoin futures. The Chicago-based exchange group, which was the first to launch a derivative for the cryptocurrency, said it is "assessing its approach" to how it handles cryptocurrency derivatives in a notice. Cboe Global Markets, the first exchange group to launch bitcoin futures when it went live in December 2017, announced it was putting a hold on listing new bitcoin contracts. In a notice published la...
Tags: Trends, Chicago, McDonald, CME, CBOE, CBOE Futures Exchange, Cboe Global Markets, Ed Tilly


Verizon's unlimited 5G access is a better offer than AT&T's — despite the price tag (S, TMUS, T, VZ)

This is an excerpt from a story delivered exclusively to Business Insider Intelligence Apps and Platforms Briefing subscribers. To receive the full story plus other insights each morning, click here. Verizon made a slew of   announcements   about its mobile 5G network, disclosing launch dates for two cities and the pricing structure of its unlimited 5G service. The carrier plans to light up its mobile 5G network on April 11 in Chicago and Minneapolis. Verizon subscribers on all three of its un...
Tags: Verizon, Motorola, Minneapolis, US, Trends, Chicago, Pwc, AT T, Business Insider Intelligence, Business Insider Intelligence Apps, Business Insider Intelligence s Telecom, Minneapolis Verizon


BioScrip and MDP-backed Option Care to merge

Home and alternate site infusion therapy providers BioScrip and Option Care have agreed to merge. No financial terms were disclosed. The deal is expected to close in the second half of this year. Jefferies LLC and Moelis & Company LLC are acting as joint financial advisers to BioScrip with Gibson, Dunn & Crutcher LLP providing legal advice. Goldman Sachs and BofA Merrill Lynch are serving as financial advisers to Option Care while Kirkland & Ellis LLP are providing legal advice to Option Care. O...
Tags: Trends, Walgreens, Chicago, United States, Healthcare, M&a, Goldman Sachs, Zenith, Wba, Bios, UnitedHealth Group, Jefferies LLC, Kirkland Ellis LLP, Shapiro, Walgreens Boots Alliance, Walgreens Boots Alliance Inc



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