Business

Business

Female former employees sue Nike over equal-pay, sexual-harassmant issues

PORTLAND, Ore. (AP) — Four women who used to work for Nike filed a federal lawsuit alleging the company violated state and U.S. equal-pay laws and fostered a work environment that allowed sexual harassment.

Shoe Sensation re-opens in larger space at Danville's Village Mall

DANVILLE — Shoe Sensation has re-opened at a new, bigger location in the Village Mall.

The shoe store, which had been in a smaller space in the mall at 2917 N. Vermilion St. for years, held a grand-re-opening ceremony Friday with officials from Vermilion Advantage at its new location in the Slumberland wing.

Consumer prices up 2.9% in July

WASHINGTON (AP) — Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy.

Champaign County Board committee OKs zoning change for solar farms

URBANA — Solar farms could soon become a reality in rural Champaign County.

Smaller farms fighting to stay competitive in organic-milk market

FAIRFIELD, Iowa — Small family-operated dairy farms with cows freely grazing on verdant pastures are going out of business as large confined-animal operations with thousands of animals lined up in assembly-line fashion are expanding into the organic market.

Kam's sold to group including Cochrane; no major remodeling planned

CHAMPAIGN — A longtime Campustown bar owner is one of four investors who have purchased Kam's, a fixture of the campus bar scene for decades.

Scott Cochrane, who owns three other Campustown bars and several others in Champaign-Urbana, is part of the group that bought out longtime Kam's owner Eric Meyer.

Tesla CEO's buyout bid raises eyebrows, legal concerns

SAN FRANCISCO (AP) — Tesla CEO Elon Musk is seeking relief from the pressures of running a publicly held company with a $72 billion buyout of the electric car maker, but he may be acquiring new headaches with his peculiar handling of the proposed deal.

Producer prices flat in July, restraining inflation

WASHINGTON (AP) — U.S. wholesale prices were unchanged in July after two months of large increases, a sign inflation pressures have softened.

Tribune calls off $3.9 billion buyout by Sinclair

NEW YORK (AP) — Tribune withdrew from its $3.9 billion buyout by Sinclair, ending a bid to create a massive media juggernaut that could have rivaled the reach of Fox News.

Tribune Media Co., which is on the hook for a $135 million breakup fee, said Thursday that it is suing Sinclair for breach of contract and at least $1 billion in damages, according to the complaint .

Ahead of 10th anniversary, I Hotel's owner says facility a success

CHAMPAIGN — Keeping the management of the I Hotel in local hands is so important to Fox/Atkins Development and partner Peter Fox that they turned down a recent offer of $19 million to buy both the hotel and adjacent Houlihan's restaurant spaces.

The prospective buyers wanted to be both owners and managers, "and we were not prepared to let them manage it," Fox said.