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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.
LODA — Two representatives of the Iroquois Economic Development Association presented an update on its activities this week to the village board.
How the price of shares changed from Jan. 1 to Dec. 31, 2012, for companies with a signficant local presence.
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.
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.
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.
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.
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.
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.
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.