Crain's Chicago Business

chicagobusiness.com — As Springfield remains stalemated over how to fix the state's underfunded pension funds, the condition of Chicago-area government pension funds is rapidly getting worse. According to a report issued today the Civic Federation, the unfunded liability in 10 local pension funds covering workers for the city, Chicago Public Schools, Cook County, the Chicago Transit Authority and the Metropolitan Water Reclamation District rose 16.7 percent in fiscal 2011.

chicagobusiness.com — Fresenius sues Illinois health board to reverse approval A subsidiary of the largest dialysis provider in the world is suing a state regulatory health board to reverse an unfavorable decision, a tactic that could invite more lawsuits if it's successful, experts say.

chicagobusiness.com — U.S. court ruling favors Cubist in patent case versus Hospira (Reuters) - A federal court on Monday ruled in favor of Cubist Pharmaceuticals Inc. on the interpretation of patent language in a case involving a generic challenge to its lead drug Cubicin by Hospira Inc. The ruling, in U.S.

chicagobusiness.com — It's called a multiplier effect: when one job generates another job that is dependent on that job, and so on. In the Chicago area, each new manufacturing job creates another 2.2 jobs in the region, on average, according to a new study by the University of Illinois at Chicago's Center for Urban Economic Development.

chicagobusiness.com — Rahm Emanuel has been called many things in his political career, most of them unflattering. But somehow, during his 2011 campaign for mayor, he was tagged as a hipster data geek who would run the city by the numbers instead of the ruthless, hyperpartisan operator folks had come to love or loathe.