Business

Business

Solid hiring, lower U.S. unemployment rate, but wages flat

CHRISTOPHER S. RUGABER, AP Economics Writer

Gulf states reach $18.7 billion settlement with BP over oil spill

KEVIN McGILL, Associated Press

Flash index dips for second straight month

URBANA — The University of Illinois flash index has fallen for a second straight month after hitting a fiscal-year high of 107.1 in April.

The index, which measures the Illinois economy, dropped to 106.4 in June, down from 106.5 in May, according to the UI's Institute of Government and Public Affairs.

Farm Progress Show organizers plan $1 million expansion in Decatur

DECATUR, Ill. (AP) — Plans are underway to expand this year's Farm Progress Show in Decatur before it takes place in September.

Kraft shareholders approve sale of company to Heinz

NORTHFIELD, Ill. (AP) — Kraft shareholders have approved the sale of the company to ketchup maker H.J. Heinz, creating one of the world's largest food companies with annual revenue of about $28 billion.

Federal Export-Import Bank set for midnight expiration

ERICA WERNER, Associated Press

Aurora proposes grants for businesses owned by women

AURORA, Ill. (AP) — The city of Aurora wants to use grant money to create a new program that would make small loans available businesses owned by women.

Greece imposes capital controls

ATHENS, Greece (AP) — Greece's five-year financial crisis took its most dramatic turn yet, with the cabinet deciding after an 8-hour session that Greek banks would remain shut for six business days and restrictions would be imposed on cash withdrawals.

The Athens Stock Exchange would also not open Monday, financial sector officials confirmed.

It's Your Business: Capoeira center making the move to Urbana

URBANA — There's soon going to be more movement in downtown Urbana — quick movement involving plenty of kicks and spins.

The Capoeira Angola Center of Mestre Joao Grande — an academy that teaches the Brazilian martial art of capoeira (pronounced CAP-oo-AIR-uh) — plans to relocate to 122 W. Main St. — a second-floor space above Mirabelle Fine Pastries — in August.

Booming business for fireworks firm

Wynn Cramer, an event producer with Melrose Pyrotechnics in Kingsbury, Ind., recently talked about the fireworks display business and what goes into putting together shows, such as the Fourth of July Freedom Celebration show on Saturday.