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Economy Of Chicago
Chicago and its suburbs is home to 35 Fortune 500 companies and is a transportation and distribution center. Manufacturing, printing, publishing, insurance, transportation, financial trading and services, and food processing also play major roles in the city's economy. The total economic output of Chicago in gross metropolitan product totaled US$770.7 billion in 2020, surpassing the total economic output of Switzerland and making Chicago's gross metropolitan product (GMP) the third largest in the United States. The city is home to several ''Fortune'' 500 companies, including Archer Daniels Midland, Conagra Brands, Exelon, JLL, Kraft Heinz, McDonald's, Mondelez International, Motorola Solutions, Sears, and United Airlines Holdings, although Chicago has experienced an exodus of large corporations since 2020, including Boeing; Citadel LLC; Caterpillar; and Tyson Foods. Three Fortune 500 companies left Chicago in 2022, leaving the city with 35, still second to New York City. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Board Of Trade Building
The Chicago Board of Trade Building is a 44-story, Art Deco skyscraper located in the Chicago Loop, standing at the foot of the LaSalle Street canyon. Built in 1930 for the Chicago Board of Trade (CBOT), it has served as the primary trading venue of the CBOT and later the CME Group, formed in 2007 by the merger of the CBOT and the Chicago Mercantile Exchange. In 2012, the CME Group sold the CBOT Building to a consortium of real estate investors, including GlenStar Properties LLC and USAA Real Estate Company. The CBOT has been located at the site since 1885. A building designed by William W. Boyington stood at the location , being the tallest building in Chicago from its construction until its clock tower was removed in 1895. The Boyington building became unsound in the 1920s and was demolished in 1929, replaced by the current building designed by Holabird & Root. The current building was itself Chicago's tallest until 1965, when it was surpassed by the Richar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kraft Heinz
The Kraft Heinz Company (KHC), commonly known as Kraft Heinz (), is an American multinational food company formed by the merger of Kraft Foods Group, Inc. and the H.J. Heinz Company co-headquartered in Chicago and Pittsburgh. Kraft Heinz is the third-largest food and beverage company in North America and the fifth-largest in the world with over $26.0 billion in annual sales as of 2021. Its sister company, Mondelez International, was split from Kraft Foods Inc. in 2012, alongside Kraft before its merger with Heinz. Mondelez holds the old Kraft Foods' snack brands while Kraft Heinz holds the grocery and food processing brands. In addition to Kraft and Heinz, over 20 other brands are part of the company's profile, including Boca Burger, Gevalia, Grey Poupon, Oscar Mayer, Philadelphia Cream Cheese, Primal Kitchen, and Wattie's, eight of which have total individual sales of over $1 billion. Kraft Heinz ranked 114th in the 2018 ''Fortune'' 500 list of the largest United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Santiago Calatrava
Santiago Calatrava Valls (born 28 July 1951) is a Spaniards, Spanish-Swiss people, Swiss architect, structural engineer, sculptor and painter, particularly known for his bridges supported by single leaning pylons, and his railway stations, stadiums, and museums, whose sculptural forms often resemble living organisms. His best-known works include the Athens Olympic Sports Complex, Olympic Sports Complex of Athens, the Milwaukee Art Museum, the Turning Torso tower in Malmö, Sweden, the World Trade Center Transportation Hub in New York City, the Auditorio de Tenerife in Santa Cruz de Tenerife, the Margaret Hunt Hill Bridge in Dallas, Texas, and his largest project, the City of Arts and Sciences and Palau de les Arts Reina Sofia, Opera House in his birthplace, Valencia. His architectural firm has offices in New York City, Doha, and Zurich. Early life Calatrava was born on 28 July 1951, in Benimàmet, an old municipality now part of Valencia, Spain. His Calatrava surname was an old ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Spire
The Chicago Spire was a skyscraper project in Chicago that was partially built between 2007 and 2008 before being cancelled. Located at 400 N. Lake Shore Drive, it would have stood high with 150 floors and been the tallest building in the Western Hemisphere. When originally proposed as the Fordham Spire in July 2005, the design had 116 stories, included a hotel and condominiums, and was topped with a broadcast antenna mast. The building was designed and spearheaded by Spanish architect-engineer Santiago Calatrava and Chicago developer Christopher T. Carley of the Fordham Company. On March 16, 2006, the Chicago Plan Commission unanimously approved the initial design of the building. On November 4, 2014, a court ruling brought the original development plan and the extended litigation over the nine-year-old project to a close. Developer Garrett Kelleher signed over the property location to the project's biggest creditor, Related Companies, Related Midwest, who announced that they ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.“US Business Cycle Expansions and Contractions” United States NBER, or National Bureau of Economic Research, updated March 14, 2023. This government agency dates the Great Recession as starting in December 2007 and bottoming-out in June 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CNN Business
CNN Business (formerly CNN Money) is a financial news and information website, operated by CNN. The website was originally formed as a joint venture between CNN.com and Time Warner's '' Fortune'' and ''Money'' magazines. Since the spin-off of Time Warner's publishing assets as Time Inc. (and their subsequent sale to Meredith Corporation and later, to IAC's Dotdash), the site has since operated as an affiliate of CNN. History CNN Money launched in 2001, replacing CNNfn's website. Time Warner had also announced an intention to relaunch the CNNfn television network under the CNN Money moniker, but those plans were apparently scrapped. Prior to June 2014, the website was operated as a joint venture between CNN and two Time Warner-published business magazines; '' Fortune'' and ''Money''. In June 2014, Time Warner's publishing assets were spun-out as Time Inc.; as a result, all three properties launched separate web presences, and CNN Money introduced a new logo that removed the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tyson Foods
Tyson Foods, Inc. is an American multinational corporation based in Springdale, Arkansas that operates in the food industry. The company is the world's second-largest processor and marketer of broiler industry, chicken, beef, and pork after JBS S.A. It is the largest meat company in America. It annually exports the largest percentage of beef out of the United States. Together with its subsidiaries, it operates major food brands, including Jimmy Dean (brand), Jimmy Dean, Hillshire Farm, Ball Park Franks, Ball Park, Wright Brand Foods, Inc., Wright Brand, Aidells, and State Fair. Tyson Foods ranked No. 79 in the 2020 Fortune 500 list of the largest United States corporations by total revenue. Tyson Foods has been involved in a number of controversies related to the environment, animal welfare, and the welfare of their own employees. During the COVID-19 pandemic, Tyson Foods was accused by some employees of failing to implement certain recommended protections, including physical di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citadel LLC
Citadel LLC (formerly known as Citadel Investment Group, LLC) is an American multinational hedge fund and financial services company. Founded in 1990 by Kenneth Griffin, it has more than $65 billion in assets under management . The company has over 2,900 employees, with corporate headquarters in Miami, Florida, and offices throughout North America, Asia, and Europe. Founder, CEO and Co-CIO Griffin owns approximately 85% of the firm. As of December 2022, Citadel is one of the most profitable hedge funds in the world, posting $74 billion in net gains since its inception in 1990, making it the most successful hedge fund in history, according to ''CNBC''. Citadel LLC is a separate entity from the market maker Citadel Securities, although both were founded and are owned by Griffin. History Founding, 1990–2000 Griffin started his trading career out of his dorm room at Harvard University in 1987, trading convertible bonds. As a sophomore, he hooked a satellite dish to the roo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boeing
The Boeing Company, or simply Boeing (), is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the fourth-largest defense contractor in the world based on 2022 revenue and is the largest exporter in the United States by dollar value. Boeing was founded by William E. Boeing in Seattle, Washington, on July 15, 1916. The present corporation is the result of the merger of Boeing with McDonnell Douglas on August 1, 1997. As of 2023, the Boeing Company's corporate headquarters is located in the Crystal City neighborhood of Arlington County, Virginia. The company is organized into three primary divisions: Boeing Commercial Airplanes (BCA), Boeing Defense, Space & Security (BDS), and Boeing Global Services (BGS). In 2021, Boeing recorded $62.3billion in sales. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Airlines Holdings
United Airlines, Inc. is a major airline in the United States headquartered in Chicago, Illinois that operates an extensive domestic and international route network across the United States and six continents with more destinations than any other airline. Regional service operated by independent carriers under the brand name United Express feeds its eight hubs and the Star Alliance, of which United was one of the five founding airlines, extends its network throughout the world. United was formed beginning in the late 1920s as an amalgamation of several airlines, the oldest of these being Varney Air Lines, created in 1926 by Walter Varney who later co-founded the predecessor to Continental Airlines. United has ranked among the largest airlines in the world since its founding, often as a result of mergers and acquisitions. History Network Destinations As of 2024, United Airlines flies (or has flown) to the following destinations: Hubs As part of its hub-and-spoke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sears
Sears, Roebuck and Co., commonly known as Sears ( ), is an American chain of department stores and online retailer founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail-order catalog company migrating to opening retail locations in 1925, the first in Chicago. Through the 1980s, Sears was the largest retailer in the United States. In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. In 2018, it was the 31st-largest. After several years of declining sales, Sears' parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores. Sears was based in the Sears Tower in Chicago from 1973 until moving out to Ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
