CHAMPAIGN — Horizon Hobby employees once staged a tricycle race between the company's founder, Rick Stephens, and his brother Larry.
As Larry recalls it, he was a half-wheel ahead when Rick stretched out his leg "and kicked my tricycle over."
CHAMPAIGN — Champaign-based Isotech Laboratories has been acquired by Weatherford Laboratories, a subsidiary of Switzerland-based Weatherford International.
Isotech Labs, founded in Champaign in 1985, does isotope testing for the oil and gas industry. The company employs 42 at its office at 1308 Parkland Court, C.
CHAMPAIGN -- The founder and president of Volition Inc. is leaving the company.
Mike Kulas told employees last week he is stepping down after 18 years with the Champaign-based video game design firm and its predecessor, Parallax Software. His last day will be Monday.
CHAMPAIGN -- Video game producer Volition has notified 16 employees they'll be laid off April 12.
After the layoffs, the downtown Champaign studio will still have about 220 full-time employees, Volition President Mike Kulas said Friday.
CHAMPAIGN – Eden Park Illumination is producing a few hundred microplasma lamps every few weeks at its plant in west Champaign, co-founder Gary Eden said.
In the next 12 to 18 months, the company hopes to move to larger-scale production, said Eden, a professor of electrical and computer engineering at the University of Illinois.
CHAMPAIGN – Fresh from winning the $30,000 Lemelson-Illinois Student Prize, Scott Daigle is eager to get an array of products for wheelchair users onto the market.
Daigle was awarded the prize Wednesday, largely for his plan to equip wheelchairs with automatic gear shifting to make their operation less burdensome for users.
URBANA – The National Center for Supercomputing Applications will share in a $4.5 million project to help small and medium-sized manufacturers learn how to use state-of-the-art design technologies.
CHAMPAIGN – Scitec/TeleMatrix has moved its Champaign office to a new location – and adopted a new name.
The company, which supplies hotels and other businesses with customized phones, recently moved to 3358 Big Pine Trail, C, in the Pinehurst Commons office park off Olympian Drive. The office was previously in the Apollo subdivision off North Market Street.
MATTOON – Consolidated Communications Holdings Inc. said third-quarter earnings were 66 percent higher than the same quarter a year ago.
By SUSAN KANTOR/For The News-Gazette
Jeff Baumann always dreamed of owning his own business, and a career in meat cutting led him to fulfill that dream.