Business

Business

OSF set to pay $185 million for Presence in Urbana, Danville

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URBANA — The sale of Presence Covenant and Presence United Samaritans medical centers to OSF HealthCare would be about a $185 million deal, according to applications newly filed with state regulators.

Toshiba board backs chip sale to Bain Capital group

TOKYO (AP) — Toshiba's board signed off Wednesday on selling its computer chip business to a group led by Bain Capital Private Equity, but the deal's future remains unclear as Toshiba's U.S. joint venture partner Western Digital opposes it.

U.S. home sales decline 1.7% in August

WASHINGTON (AP) — U.S. home sales fell 1.7 percent in August, pulled down by the effects of Hurricane Harvey and a worsening shortage of available properties.

Hobbled by $5 billion in debt, Toys R Us files for bankruptcy

NEW YORK — In filing for bankruptcy, Toys R Us joins a list of dozens of store chains that have done so already this year as online leader Amazon increasingly exerts its influence over a huge part of the retailing world.

2,500 GM workers go on strike at SUV plant in Ontario

DETROIT (AP) — About 2,500 workers at a Canadian General Motors plant that makes the Chevrolet Equinox SUV are on strike in a dispute over job security.

Members of Unifor Local 88 in Ingersoll, Ontario, west of Toronto, stopped working when their contract expired at 10:59 p.m. Sunday.

Toys 'R' Us files for bankruptcy protection

NEW YORK (AP) — Toys `R' Us, the big box toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season — and says its stores will remain open for business as usual.

Homebuilder sentiment falls in September

U.S. homebuilders are feeling less optimistic about their sales prospects, reflecting concerns that rebuilding efforts following hurricanes Harvey and Irma will drive up costs for construction labor and materials.

Even so, builders' overall view of the new-home market remains positive.

Northrop Grumman buying Orbital ATK

FALLS CHURCH, Va. (AP) — Northrop Grumman is buying Orbital ATK for about $7.8 billion, with a backdrop of rising global tensions accelerating big deals in the defense sector.

Earlier this month, United Technologies said it would pay $22.75 billion for defense contractor Rockwell Collins.

Rolling Stone founder says he's selling his stake

NEW YORK (AP) — Rolling Stone founder Jann Wenner plans to sell his company's controlling stake in the legendary magazine that chronicled the music and politics of the counterculture movement and changed music journalism forever.The New York Times reported Sunday that Wenner and his 27-year-old son, Gus, the president and chief operating officer of Wenner Media, hope to stay on at the magazine,

Just Askin': Harvest time

How do farmers determine when to begin harvesting their crops?

They measure how much moisture is in the seed and start when it has dropped close to the level the grain elevator wants it at.