All Economy Content

All Economy Content

Orthopedic implant company lands in Champaign

CHAMPAIGN — A company that makes surgical implants has decided to base its U.S. headquarters in Champaign.

CarboFix Orthopedics Ltd., which makes orthopedic trauma implants from carbon fiber, plans to base its U.S. subsidiary — CarboFix Inc. — at 3362 Big Pine Trail in the Pinehurst Commons office park in north Champaign.

U.S., China on 'muddled' capitalist paths, editor says

URBANA — Both China and the United States are groping with how capitalism should be applied in their economies, a former Asia business editor for The Economist magazine said.

The path each country will take from here appears "muddled," said Tom Easton, now the magazine's American finance editor.

25th annual job fair set to start Thursday at Parkland

CHAMPAIGN — About 75 employers from East Central Illinois will take applications and answer questions Thursday at the 25th annual Parkland Job Fair.

The job fair is scheduled from 2 to 6 p.m. in the gymnasium of the college, 2400 W. Bradley Ave., C. The fair is open to the general public, as well as to Parkland students.

UI flash index above 100 for first time since '08

URBANA — The University of Illinois flash index jumped greatly in March, indicating significant growth in the Illinois economy.

The index increased from 99.2 in February to 101 in March, a rise of nearly 2 points.

That pushed the index above 100, the so-called dividing point between economic contraction and growth.

Charleston's Dow plant to close in third quarter

CHARLESTON — Dow Chemical plans to close its foam insulation plant in Charleston during the third quarter of this year, company spokeswoman Rebecca Bentley said.

The plant, which employs "about 30," will close as a result of a downturn in the U.S. building and construction industry, Bentley said.

"That sector continues to face a lot of headwinds," she said.

EIU lecture to focus on history of dollar

A roundup of business-related news:

CHARLESTON — Historian H.W. Brands will discuss "The Past, Present and Future of the Dollar" at Eastern Illinois University on Thursday evening.

Brands, who has written more than 25 books on U.S. history, will speak at 7:30 p.m. in the Lecture Hall of the Doudna Fine Arts Center.

Developments planned near Boneyard Basin

CHAMPAIGN — Champaign developer Dan Hamelberg said he plans to move ahead with designs for a new apartment community along First Street, west of the Boneyard Basin.

Meanwhile, the owner of an adjacent auto body shop at the northeast corner of First Street and Springfield Avenue said he plans to tear it down and replace it with a new commercial building.

Shows on safe, affordable housing air today on WILL

URBANA — Programs airing today (Tuesday, March 27) on WILL-TV and WILL-AM will focus on safe, affordable housing in the area.

According to Illinois Public Media spokeswoman Mary Barrineau, the nation's economic decline has led to many changes in housing stock and neighborhoods in Champaign and Vermilion counties.

Pending home sales surge; price jump yet to be seen in Champaign County

CHAMPAIGN — This year has the early markings of a rebound in home sales, according to data from the Champaign County Association of Realtors.

In February, 106 sales were closed, up from 95 a year earlier. Plus, there were 208 pending sales, up from 134 a year earlier, figures from the association's Multiple Listing Service show.

Farmland prices made 'tremendous move' upward during 2011

Illinois farmland prices jumped about 20 percent on average during 2011, according to a recently released report from the Illinois Society of Professional Farm Managers and Rural Appraisers.