All Business Content

All Business Content

5 area banks upgraded, 5 downgraded

65 banks retain same ratings from previous quarter

Five area banks were upgraded and five were downgraded in the latest ratings from the BauerFinancial rating service, based on data for the quarter that ended Dec. 31.

Business calendar March 10, 2013

Sunday, March 10

Environmental grants available

BELLEVILLE — Monday is the deadline for applying for Illinois American Water environmental grants.

The company awards grants of up to $10,000 to support activities such as watershed cleanups, reforestation, biodiversity projects, wellhead protection initiatives and hazardous-waste collection efforts.

Consolidated reports 4Q profits

MATTOON — Consolidated Communications Holdings on Thursday reported net income of $2.23 million for the fourth quarter of 2012.

For shareholders, that translated to diluted earnings of 5 cents per share.

Jobless crisis dwarfs debt's urgency, expert says

Economist worried over long-term effects on young unemployed

CHAMPAIGN — The United States faces an unemployment crisis that demands more immediate attention than the nation's debt problem, Nobel Prize-winning economist Peter Diamond said.

Clinton nuclear plant offline

CLINTON — The Clinton nuclear power station automatically shut down at 8 a.m. today, after the main generator tripped off line, according to an Exelon Corp.

Closed store's oddities up for auction online

URBANA — The Buy-Sell-Trade store in Urbana didn't last for long.

The store, which opened at 105 E. University Ave., U, last June, closed later that year, and its parent company, Springfield-based THR & Associates, filed for bankruptcy Sept. 10.

Now the contents of the store — and six other retail and warehouse locations — are being auctioned off online.

Updated: Danville plant to idle 254 workers

Updated 4:47 p.m. Wednesday.

(Editor's note: An earlier version of this story said the plant would close).

DANVILLE — Freight Car America Inc. is idling its Danville plant, according to company officials.

Working in Champaign County

From a new Census Bureau report on county of residence and county of workplace, here is where people come from to work in Champaign County. From the American Community Survey, 2006-2010. 

Business roundup: Supervalu switches up management

MINNEAPOLIS — Supervalu's new CEO, Sam Duncan, on Monday named new presidents to head up the company's Save-A-Lot hard-discount grocery chain and the Shop 'n Save regional chain.

He also announced three additions to executive management as well as three departures.