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McDonald’s CEO Raises Crime Concerns for Business in Chicago

McDonald’s MCD 0.55% Corp. Chief Executive Officer Chris Kempczinski said the burger giant is grappling with violent crime, homelessness and drug overdoses in its Chicago restaurants, and called on city and business leaders to find ways to address the problems. Crime is having a corrosive effect on Chicago, where McDonald’s is working to bring corporate employees back to its headquarters after the Covid-19 pandemic, Mr. Kempczinski said…

Facing Labor Shortages, Pella Reinvents the Company Town in Rural Iowa

PELLA, Iowa—Pella Corp. has offices and manufacturing plants in more than 30 cities across the U.S. and Canada. But one of the toughest jobs, say executives at this closely held maker of windows and doors, is convincing workers to locate here in its hometown, a rural city of about 10,000 residents 45 miles southeast of Des Moines. The company and its controlling shareholders—members of the founding Kuyper family and its descendants—set out to change that. They have spent tens of millions of dollars in the…

Miami’s Gold Rush: Finance Firms and Crypto Move In, Bringing Strains

From his new office in Miami Beach, real-estate investor Barry Sternlicht is only steps from the ocean. His waterfront mansion is just a short drive away. Cold winters and state income taxes are a thing of the past now that he has relocated here from Connecticut.Mr. Sternlicht, known for launching the trendsetting W Hotel brand, moved his Starwood Capital Group to the city in 2018. He’s part of a booming migration of financial firms, technology companies and venture capitalists that has…

Chevron to Cut Back in California, Remain Based in State

Chevron is planning to sell its current headquarters in California and is offering to cover costs for some employees to relocate to Texas, the latest move by a large U.S. employer to reduce the size of its offices.The second-largest U.S. oil company said it would remain based in California, its home state for more than 140 years, but will be leaving its Chevron Park campus in San Ramon, Calif., its global headquarters for two decades. Chevronis planning to sell its current headquarters in California and is offering to

Disney’s Florida Relocation Plan for Employees Delayed to 2026

Photo: Arturo Holmes (Getty Images)For nearly a year, the Walt Disney Company’s Parks, Experiences, and Products Division has been planning to move a large portion of its employees to Florida by 2023. That has relocation date has now been pushed three years. The timing is... interesting.01:57Rainn Wilson’s First Fandoms: Star Trek And D&DYesterday 4:32PMFlorida Governor Ron DeSantis—who publicly clashed with the company when Disney came out in opposition to the state’s “Don’t Say Gay” legislation and then signed an

Caterpillar Relocation to Texas Extends U.S. Manufacturing’s Southern Shift

Manufacturing employment has been on the rise in many Southern and Southwestern U.S. states in recent years, according to federal data, as companies target the regions for new factories, plant expansions and corporate bases, seeking what some executives have said is a growing available workforce and cheaper real estate. Florida, Texas and Arizona increased their manufacturing employment the most in the last five years through 2021, according to the Labor Department, while New York, Washington and Illinois…

Raytheon Moving Headquarters to Washington, D.C., Area

Raytheon Technologies Corp. RTX 3.00% said it will move its global headquarters to the Washington, D.C., area later this year, joining other big aerospace and defense contractors seeking more proximity to the Pentagon, regulators and lawmakers. The world’s second-largest defense company by sales said it plans to use an existing facility in the Rosslyn neighborhood of Arlington in northern Virginia as its corporate head office from the…

Boeing Gets Broadside From One of Its Biggest Customers

LONDON—The chief executive of Ryanair Holdings PLC, one of Boeing biggest customers, took aim at the planemaker’s sales team and its 737 MAX delivery schedule and said the company needed to reboot its commercial-aircraft division.Michael O’Learyalso questioned Boeing’s pending shift of its headquarters from Chicago to Virginia. While the move “may be good for the defense side of the business, it doesn’t fix the fundamental underlying problems on the civilian aircraft side in Seattle,” Mr. O’Leary told analysts on a

Smart Office Buildings Can Help Sniff Out Viruses but Are Vulnerable to Hacks

A camera recognizes employees’ faces and hails an elevator programmed to bring them to their floor. Sensors on the walls measure particles and CO2 levels in meeting rooms, pumping in fresh air when levels rise too high. Higher levels of certain particles mean it is more likely that viruses could be present. In a control room, big screens show every floor in the 23-story building. The headquarters, completed in 2021, is at the forefront of a quiet revolution sweeping through commercial buildings across the U.S. Office…