All Economy Content

All Economy Content

C-U centers to remain part of Supervalu

URBANA — Supervalu's distribution centers in Champaign-Urbana will continue to be part of the company, but Supervalu itself will be overhauled as a result of massive changes announced Thursday.

The Minneapolis-based grocery retailer and wholesaler has agreed to sell Jewel-Osco and four other retail chains to an investor group led by Cerberus Capital Management for $3.3 billion.

Iroquois economic group updates activities

LODA — Two representatives of the Iroquois Economic Development Association presented an update on its activities this week to the village board.

THQ, Supervalu stocks slide in 2012

THQ and Supervalu were the two biggest losers among area stocks during 2012, according to an analysis of 78 publicly traded companies with a significant presence in East Central Illinois.

THQ, which owns the Volition video game studio in Champaign, saw its stock price drop from $7.60 a share to 29 cents a share over the course of the year.

Area stock performance 2012

How the price of shares changed from Jan. 1 to Dec. 31, 2012, for companies with a signficant local presence.

UI flash index hits highest point in 5 years

URBANA — The University of Illinois flash index in December rose to its highest point in more than five years.

The index, considered a barometer of the Illinois economy, climbed to 104.6 in December 2012, up from 103.9 in November.

That was the highest it had been since September 2007.

Homer board sets meeting to finalize 1 deal with Sunrise Coal

HOMER — The Homer Village Board's water committee is scheduled to meet Thursday night in hopes of finalizing details of an agreement with Sunrise Coal for treated water and sewer services only, but not raw water.

Freeport-based company acquires Champaign engineering firm

CHAMPAIGN — Sodemann and Associates, an engineering firm in Champaign since 1955, has been acquired by Freeport-based Fehr Graham, the companies announced today.

Fehr Graham, founded in 1973 by Allen Fehr and Joseph Graham, in the last year had more than 90 professionals working in five offices in Illinois and southern Wisconsin.

Johnson frustrated at lack of 'fiscal cliff' progress

URBANA — Four days from the end of his 42-year political career, U.S. Rep. Tim Johnson said Sunday he had never been so frustrated as over Congress' seeming failure to resolve the "fiscal cliff" issue.

Business & professional briefs

New jobs

DACC hires Bayard. Patrick Bayard has been named director of grants and planning at Danville Area Community College.

He was previously an adjunct professor in public administration and a program manager at Illinois Institute of Technology.

Biz Quiz 2012: A look back at the year in business

Test your memory of economic development news in 2012 by taking The News-Gazette's annual Biz Quiz.

Score five points for each correct answer to the first 15 questions. Score one point for each correct answer to the 25 "lightning round" questions. Top score for the entire quiz is 100 points.