Friday, September 22, 2017 || By Michael Romain || @maywoodnews
A report released in August by the Federal Deposit Insurance Corporation concluded that Seaway Bank & Trust failed because of bad governance and risk management practices that flowed from the institution’s board of directors.
Continue reading “Report: Seaway Bank’s Failure Was Self-inflicted, Acquiring Maywood Bank Didn’t Help”
Thursday, August 3, 2017 || By Local News Curator || @maywoodnews || Photo: Getty Images
Navistar, the international truck and engine corporation based in Lisle, will stop producing engines at its Melrose Park location, according to an Aug. 3 report in Crain’s Chicago Business.
The move, which will reportedly take effect next year, will mean that 170 employees will be laid off, a company spokesperson told Crain’s.
Continue reading “Navistar to End Engine Production in Melrose Park, Lay Off 170 Workers”
Monday, July 31, 2017 || By Thomas Vogel/Forest Park Review || @maywoodnews
A Cook County judge on July 28 dismissed a lawsuit brought by the Illinois Retail Merchants Association (IRMA) aimed at stopping a one-cent-per-ounce tax on sugary beverages.
The tax will go into effect on Aug. 2, according to a press release from Cook County Board President Toni Preckwinkle.
The ruling, announced last Friday afternoon, comes about a month after the new tax, passed in November 2016, was to be implemented. Friday’s decision is the latest twist in a weeks-long legal battle.
Continue reading “County Judge Dismisses Sugary Drink Beverage Lawsuit”