Business

Business

Lower expenses, taxes send Citigroup's profits higher

NEW YORK (AP) — Citigroup said Monday its profits rose in the last three months of 2018, helped by a lower tax rate and lower expenses, which offset a drop in bond trading revenue.

Citi said it earned $4.31 billion in the last three months of 2018, or $1.64 per share. On an adjusted basis, the earnings rose 9 percent.

Business listings, Jan. 13, 2019

These applications for assumed business names were filed with the Champaign County Clerk's office:

4KProVids, 1016 E. Kerr Ave., Apt. 301, U, Jared Gissler, same address.

Airspeed Alive Aviation, 406 N. Willis Ave., C, Austin Clark, same address.

Maron Home Care, 129 N. Race St., U, Maron Harris, 1055 Baytowne Drive, Apt. 16, C.

Wired In: Donald Ort

Each week, staff writer Paul Wood chats with a different high-tech difference-maker. This week, meet DONALD ORT, the Robert Emerson Professor of Plant Science and Crop Sciences at the University of Illinois. He is the principal researcher in a project to see if yields can be greatly increased by getting around a chemical glitch in plants.

Just Askin' | Squirrel fitness

Q: Do squirrels lose weight during the winter?

A: There are a lot of factors in play, but according to a couple experts, squirrels likely will lose weight during the winter.

Ed Heske, a retired mammalian ecologist at the Illinois Natural History Survey, said, "I'm sure they lose weight."

For drivers, fuel savings now outweigh possible economic downside later

CHAMPAIGN — Until recently, virtually everyone agreed that low gasoline prices are good for the economy as a whole.

But with the U.S. now the top-producing oil country, the effect of lower gas prices is less clear.

Building permits, Jan. 13, 2019

Listed are permits for all new single-family and multifamily residences as well as commercial and industrial work and residential remodeling costing over $25,000.

Champaign

Creekside Construction Services LLC, repair of fire damage at single-family residence at 503 Swigart St., $65,840.

Coming soon to Bud Light packages: Nutrition labels

DETROIT (AP) — Beer drinkers can't claim blissful ignorance for much longer.

Starting next month, packages of Bud Light will have prominent labels showing the beer's calories and ingredients as well as the amount of fat, carbohydrates and protein in a serving.

Volkswagen sets full-year sales record

FRANKFURT, Germany (AP) — German automaker Volkswagen posted another annual sales record in 2018 as new SUV models boosted deliveries and the company managed to increase its share in China even as the car market there shrank for the first time in years.

Howdy Burger fills Campustown void

Restaurant questions? Click here to submit your question to 'Tom's Mailbag.'

Say howdy to a new eatery in Campustown.

Howdy Burger opened Tuesday at 625 E. Green St. in Champaign, in the former Pizza Factory building.

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