Business

UI, union reach tentative contract

CHAMPAIGN — After nine months of bargaining and a three-day strike earlier this month, a campus labor union has reached a tentative agreement with the University of Illinois.


KoFusion adds campus location

URBANA — KoFusion will open a second location this summer, this one on the University of Illinois campus, restaurant owner Janet Bubin announced.

The cocktail lounge and sushi bar has agreed to lease nearly 3,000 square feet in Gregory Place West, the commercial complex southeast of Krannert Center for the Performing Arts.


Consumer confidence falls in March

MARCY GORDON,AP Business Writer


Updated: Supervalu cutting 1,100 jobs; 2 positions to be lost in Urbana, none in Champaign

Updated 2:57 p.m. Tuesday.

URBANA — Supervalu will cut about 1,100 positions nationwide, the Minneapolis-based grocery wholesaler and retailer announced Tuesday.

Two positions will be eliminated at its Urbana distribution center, and no positions will be cut at the W. Newell & Son produce distribution center in Champaign, company spokesman Mike Siemienas said.


Supervalu shake-up continues; wholesale chief stays

MINNEAPOLIS — Supervalu's new CEO continues to shake up the management ranks, but he's keeping the head of the company's wholesale and distribution business.

Sam Duncan said Friday that Janel Haugarth will continue to oversee that business, which is expected to account for nearly 50 percent of the company's annual revenues.


State includes Champaign in incentive to buy vacant homes

CHAMPAIGN — With the number of vacant houses across the nation on the upswing, Illinois is expanding a program that gives buyers of vacant houses up to $10,000 toward their downpayment and closing costs.


Business calendar March 24, 2013

Monday, March 25

'Keeping Your Home' class. 6 p.m., Habitat for Humanity, 119 E. University Ave., C. Topics in this homeownership community education class include: home maintenance; saving energy; record-keeping; and dealing with unexpected hardships. Free. Call Michelle Stallmeyer at Habitat for Humanity, 819-5113, to register.


Business and professional briefs March 24, 2013

New jobs

Atwood named bank president. Michael W. Atwood has been named president of First State Bank, succeeding John W. Corley, who held the position for 31 years.

Corley remains chairman of the board at the Monticello-based bank.


Building permits, March 24, 2013

Listed are recent permits for all commercial and industrial work, all new single-family and multifamily residences and all residential remodeling over $50,000. Permits are listed by applicant, location, description of the work and estimated cost.

CHAMPAIGN

KAP Architecture, new multifamily residential and commercial building at 112 E. Green St., $6 million.


It's Your Business: Stores coming to Tuscola mall

Chico's and American Eagle Outfitters plan to open stores at Tanger Outlets in Tuscola this spring.

Chico's, a women's clothing chain that has a store at Champaign's Old Farm Shops, plans to open the Tuscola outlet on April 24, said Morrie Mendenhall, Tanger's general manager.


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