All Economy Content

All Economy Content

Champaign among cities to 'suffer most' from fiscal crisis

Champaign and Springfield are among the cities in Illinois that have the most to lose because of the state's poor fiscal condition and "will suffer the most as it tries to get on a long-run path to a sustainable budget," says a report by Moody's Analytics.

No staff, service cuts in Danville's new spending plan

DANVILLE — The first draft of Danville's new general-fund spending plan does not include any cuts in personnel or services, but city administrators will be putting together a voluntary separation package that will soon be offered to city employees.

Parkland College plans adult financial aid night Thursday

CHAMPAIGN — Busy adults wanting to complete a college degree can find out how to pay for tuition during a free information session at Parkland College on Thursday.

The adult financial aid night will be from 6 to 7 p.m. Thursday in the Tony Noel Agricultural Technology Applications Center, room W115, on the college campus at 2400 W. Bradley Ave., C.

Supervalu leaders outline strategy for business

MINNEAPOLIS — Supervalu's new leaders unveiled their vision for a smaller, more efficient company during a presentation to lenders last week.

The company, which recently announced plans to sell off several retail brands — including its Albertson's, Jewel-Osco, Acme, Shaw's and Star Market stores — said it's keeping its strongest brands and planning several cost-saving moves.

Business listings Feb. 3, 2013

These applications for assumed business names were recently filed at the Champaign County clerk's office:

C&C Kitchen, 533 County Road 1600 N, #16, C, by Curtis McGhee, same address.

Fresh Ingredients, 904 N. Fourth St., C, by Lenore Terhune, 2419 N. Neil St., Apt. 303, C.

Group Three Research, 304 W. Washington St., U, by Jeff A. Yockey, same address.

Loan companies fined for improper practices

SPRINGFIELD — Several loan companies in East Central Illinois were fined in December by the Illinois Department of Financial and Professional Regulation for improper business practices.

Among those disciplined by the agency were:

UI flash index climbs in January

URBANA — The University of Illinois flash index for January climbed to its highest level in almost five and a half years.

The indicator of economic growth in Illinois increased to 104.9, up from its 104.6 level in December. The last time the index was at this level was in August 2007, several months before the recession began.

THQ auction clouds Volition future

CHAMPAIGN — An analyst who covers the video game industry said Volition's "Saints Row" franchise will probably attract interest when Volition's parent company auctions off its assets Tuesday.

UI finance chief optimistic despite Moody's outlook on higher education

CHICAGO — A New York ratings agency may have issued a negative outlook for the country's higher education sector, but the University of Illinois' chief financial officer said he remained optimistic about the UI's fundamentals, including its strong enrollments and tuition income that in recent years has surpassed the amount of the state's direct appropriation to the university.

Community currency appears to be catching on

URBANA — The effort to use local currency to promote local business continues to grow, with more than 60 Champaign-Urbana merchants agreeing to accept UC Smiles.

That's up from the 40 merchants who agreed to use the currency when it was unveiled in October.