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DANVILLE — In the last decade, Time-O-Matic Watchfire's operations have outgrown its original facility and spread to other locations in Danville.
Now, the digital sign manufacturer is planning to expand its original building and bring its Danville employees under one roof, according to Danville city officials.
CHAMPAIGN — Hobbico has acquired three new lines of radio-controlled cars — one from California and the other two from the United Kingdom.
The Champaign-based manufacturer and marketer of model hobby products announced this week that it had acquired Irvine, Calif.-based Axial Racing, which focuses on rock-crawling and rock-racing products.
CHAMPAIGN — "Saints Row: The Third" — the latest game developed by Volition Inc. — launched this month, and Volition's parent company, THQ Inc., hopes it will boost sales in the all-important holiday period.
The video game is the third installment in the "Saints Row" franchise, which focuses on the Third Street Saints street gang and its fight against other criminal elements.
CHAMPAIGN — Wolfram Research has cut about 20 jobs in the last couple weeks and may cut more, even though it has been hiring in other areas, a company spokeswoman told The News-Gazette.
"It is true that we had to let a few people go recently, and we might have to let a few more people go as well," said Jean Buck, who handles corporate communications for the company.
CHAMPAIGN — A 19-year-old whose business venture attracted more than $1 million in funding has reached some unorthodox conclusions about how to land venture capital.
Cory Levy, who spent part of a year at the University of Illinois before leaving to build the social-media venture One, told UI students Tuesday to "pitch yourself, not the company."
URBANA — IBM has ended its relationship with the Blue Waters project as a prime supplier of the water-cooled supercomputer.
The effective date was Aug. 6.
According to the National Center for Supercomputing Applications, IBM will return money received to date. NCSA will return equipment delivered by IBM according to the terms of the contract.
UPDATED 3:20 p.m. Thursday
CHICAGO – The University of Illinois Board of Trustees voted 6-2 Thursday afternoon to close the Institute of Aviation.
CHAMPAIGN — EnterpriseWorks — the business incubator in the University of Illinois Research Park — has been selected as one of "10 Startup Incubators You Need to Watch" by Inc.com.
The selection is all the more remarkable because EnterpriseWorks is the only pure university incubator — and the only incubator in the Midwest — to make the list.
CHAMPAIGN — More than two years after launching the Illinois Green Business Association, the three young entrepreneurs behind the group are charging ahead with their plans to combat "greenwashing" and promote sustainable business practices throughout the state.
DANVILLE — About 9 percent of the local workforce is unemployed, yet openings for full-time, good-paying jobs with benefits in the Danville area are difficult to fill, according to local economic development officials.