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Groupon's headquarters at 600 W Chicago Ave. (Brian Cassella/ Chicago Tribune)
Popular daily coupon website Groupon’s Chicago headquarters was the site of the first meeting of the Illinois Innovation Council. Gov. Pat Quinn’s office says the Monday meeting focused on where Illinois can be a hub for innovation and where Illinois is an emerging leader, like clean energy, biotech and life sciences and information technology. Get the full story>>
Baxter International Inc.’s stock lost nearly 4 percent of its value today after the company said fourth-quarter profits fell 26 percent as the company works its way through a turnaround plan and escalating product quality issues.
The Deerfield-based medical product giant’s earnings were negatively impacted by $227 million in charges. The biggest cost was a $164 million charge for what it called a “business optimization” initiative, which included paying severances, shutting down certain product lines and executing an undisclosed number of job cuts. Get the full story »
