Steve Grzanich has the business news of the day with the Wintrust Business Minute.

A big Chicago accounting and consulting firm is working on a merger that could push it into the industry’s top ten. Baker Tilly is in talks to merge with Seattle-based Moss Adams, according to multiple reports. If the deal goes through, it will create the sixth largest accounting and consulting firm with more than $3 billion in annual billings. Baker Tilly hasn’t commented on the reports by The Wall Street Journal and Financial Times. The firm has a professional staff of nearly 500 people. 

Also, the company that runs The Emily Hotel in Chicago’s Fulton Market is planning to open a new restaurant in the Loop.