All Economy Content

All Economy Content

Champaign to host green business summit

CHAMPAIGN — Two nationally known authorities on sustainability — Joel Makower and Jim Hartzfeld —will be keynote speakers for the first Illinois Green Business Summit, scheduled Sept. 6 and 7 at the Hilton Garden Inn, Champaign.

Busey climbs back to top of bank ratings

UPDATED 11:35 a.m. Friday.

Busey Bank has regained BauerFinancial's top rating after four years of lower ratings.

Busey was among 41 area banks given a 5-star ("superior") rating by the bank rating service, based on data for the quarter that ended March 31.

Volition parent THQ seeks reverse stock split to shore up price

CHAMPAIGN — THQ Inc., the parent company of Champaign-based Volition, is considering a reverse stock split to help preserve the company's stock trading price.

Consolidated Communications expects approval of SureWest deal

MATTOON — Consolidated Communications says it expects the California Public Utilities Commission to approve its acquisition of SureWest Communications on Thursday.

Shareholders of both Consolidated and SureWest are set to vote on the acquisition June 12. If approvals are given, Consolidated said it expects the transaction to close in early July.

Central Illinois Bank's parent to deregister stock to save on filings

CHAMPAIGN — Central Illinois Bank's parent company plans to deregister its stock by the end of summer.

Once that happens, the company — Wisconsin-based CIB Marine Bancshares — would no longer have to make periodic filings with the Securities and Exchange Commission.

Danville sign company hiring, prepares for new home

DANVILLE — Watchfire Signs has launched a hiring blitz as the digital-sign manufacturer gears up this week for the ground breaking on a 127,000-square-foot addition that will bring all its employees and operations into one facility with room to grow.

Flightstar president uncertain of American Airlines bankruptcy's local effect

SAVOY — Up in the air.

That pretty much describes the future of American Airlines, as well as the future of American Eagle service to Champaign-Urbana.

Since American Airlines filed for Chapter 11 bankruptcy reorganization last November, the airline's future has been clouded by the question of whether it will eventually merge with another airline.

Jobless rates fall in most areas

April unemployment rates in Champaign and Vermilion counties were the lowest they've been in at least three years, according to the Illinois Department of Employment Security.

Champaign County's unemployment rate dipped to 7 percent in April, down from 7.5 percent in March. The last time the April rate was that low was 2009, when it was 6.7 percent.

Minimum-wage increase bill draws opposition

SPRINGFIELD — Illinois' minimum wage, now the third-highest in the country, would gradually increase to $10.55 an hour and again become the highest in the United States under legislation approved by a Senate committee Wednesday.

High-end home sales rebound in April

CHAMPAIGN — A rebound in high-end home sales helped propel April home sales in Champaign County — and prospects look good for a strong May.

April sales were up 19 percent from a year ago in terms of the number of homes sold. They were up 38 percent in terms of sales volume in dollars.