Browsing: Business

Overhead sails are growing in popularity due to style, ease of installation and their reasonable cost, said Allyson Case Anderson, who runs Integro Builders, based in Chicago. Usually 3- to 6-foot triangles of canvas, the sails are hitched to permanently installed posts that typically pass muster with condo boards, she said, and that don’t infringe on close neighbors in tight city neighborhoods. A typical installation costs about $6,000, she said.

The city of Chicago requirement for masks to be worn while in common areas of a residential multiunit building was lifted as of May 18, though an executive order requires unvaccinated people to wear masks and practice social distancing in public spaces. (EMMANUEL DUNAND / HANDOUT)

The exterior of the Vautravers building is seen as it is being prepared for relocation on June 8, 2021. The CTA is preparing to move an historic three-story Lakeview apartment building about 30 feet to the west in August to preserve it as part of the ambitious Brown Line flyover project under construction near the Belmont station. (Vashon Jordan Jr. / Chicago Tribune)

The mansion has six full bathrooms, three half bathrooms, four fireplaces, a five-stop elevator, a recreation and billiard room, a theater room, a wine cellar, a library, a three-car heated garage and a roof deck measuring 27 feet by 70 feet with an outdoor kitchen and grill and fireplace.

Medline on Saturday said it agreed to sell a majority stake in the company to funds managed by private equity firms Blackstone Group, Carlyle Group and Hellman & Friedman. Medline CEO Charlie Mills and President Andy Mills, who are cousins, declined to disclose the size of the stake and the value of the deal Tuesday, but said 20 to 30 family members should benefit from it. The Wall Street Journal reported the value of the deal at about $34 billion, including debt, based on information from anonymous sources.

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University of Texas Rio Grande Valley graduates sit social distanced in the early morning sunrise during their May 7, 2021, commencement ceremony in Edinburg, Texas. More than 40 million holders of federal student loans are due to start making monthly instalments again on Oct. 1. (Delcia Lopez/AP)

There is still plenty of irrationality in the market, and some startups still burn huge piles of money in search of growth. But as these companies mature, they seem to be discovering the benefits of financial discipline. Uber lost only $108 million in the first quarter of 2021 — a change partially attributable to the sale of its autonomous driving unit, and a vast improvement, believe it or not, over the same quarter last year, when it lost $3 billion. aBoth Uber and Lyft have pledged to become profitable on an adjusted basis this year. Lime, Bird’s main electric scooter competitor, turned its first quarterly profit last year, and Bird — which recently filed to go public through an SPAC at a $2.3 billion valuation — has projected better economics in the years ahead.

“If you start to look at the fact that it took us from Friday all the way to Wednesday afternoon the following (to resume operations), and we already started to see pandemonium going on in the markets, people doing unsafe things like filling garbage bags full of gasoline or people fist-fighting in line at the fuel pump, the concern would be what would happen if it had stretched on beyond that amount of time,” Blount said.

The 100-day review emphasized that supply chains are critical for national security, economic stability and global leadership, noting how the coronavirus pandemic and subsequent economic turmoil exposed U.S. supply chain vulnerabilities, like when soaring demand for medical products wreaked havoc on the health care system.