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Karen Pierog

Chicago mayor rejects Uber's alternative tax proposal

13 Nov 2019

Chicago's mayor on Wednesday rejected an alternative proposal by Uber Technologies Inc to tax ride-hailing services, accusing the company of trying to resist any type of regulation by stirring up racial tensions.

Chicago mayor rejects Uber's, Lyft's alternative tax proposal

13 Nov 2019

CHICAGO/NEW YORK Chicago's mayor on Wednesday rejected an alternative proposal by Uber Technologies Inc and Lyft Inc to tax ride-hailing services, accusing Uber of trying to resist any type of regulation by stirring up racial tensions.

UPDATE 1-Chicago mayor rejects Uber's, Lyft's alternative tax proposal

13 Nov 2019

CHICAGO/NEW YORK, Nov 13 Chicago's mayor on Wednesday rejected an alternative proposal by Uber Technologies Inc and Lyft Inc to tax ride-hailing services, accusing Uber of trying to resist any type of regulation by stirring up racial tensions.

Chicago mayor avoids property tax hike to fill big budget hole

23 Oct 2019

CHICAGO, Oct 23 An $838 million funding hole in Chicago's upcoming budget would be filled with a combination of cost-saving and revenue-raising measures, not a big property tax hike for now, Mayor Lori Lightfoot told the city council on Wednesday.

Chicago mayor eyes big bond refunding to save $200 million for budget

21 Oct 2019

CHICAGO Chicago would refund $1.3 billion of outstanding debt to produce a one-time, $200 million savings to help plug a big hole in its upcoming budget, city officials said on Monday

Wisconsin county to lock in long-term financing for Foxconn project

18 Oct 2019

CHICAGO Wisconsin's Racine County next week will lock in $110 million, 20-year financing for a major development by Taiwan's Foxconn Technology Group that has undergone changes in scope since it was announced in 2017, the county and a bank underwriting the bonds said.

Chicago teachers picket across the city on first day of strike

17 Oct 2019

CHICAGO Chicago teachers went on strike on Thursday and set up picket lines outside many of the city's 500 public schools, as union leaders and officials of the third-largest U.S. school district pushed ahead with negotiations over a new contract. | Video

Classes canceled in Chicago public schools as teachers inch closer to strike

17 Oct 2019

CHICAGO The Chicago Teachers Union (CTU) finalized its decision on Wednesday to go on strike against the city's school district, the third-largest in the United States, after protracted labor negotiations did not produce a deal before their deadline. | Video

Fed's Evans: I wouldn't mind another interest rate cut

08 Oct 2019

CHICAGO The U.S. Federal Reserve could cut interest rates again as it would provide a little bit more insurance for the U.S. economy against potential headwinds and boost inflation, Chicago Fed President Charles Evans said on Tuesday.

Judge slams petition challenging Illinois bonds as political

30 Aug 2019

CHICAGO An Illinois judge on Thursday ruled that a petition by taxpayers aiming to challenge the constitutionality of $16 billion of the state's general obligation bonds was political in nature and cannot proceed in court.

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