Business

Business

Wal-Mart closes Jet.com purchase

NEW YORK (AP) — Wal-Mart said Monday it has completed its deal to buy fast-growing online retailer Jet.com for $3 billion in cash plus $300 million in stock, an acquisition aimed at helping the world's largest retailer attract younger and more affluent customers to drive online sales.

Banks' focus more on new accounts, fees

NEW YORK (AP) — When Wells Fargo CEO John Stumpf testifies before a Senate committee hearing Tuesday, it won't be just his bank under fire for turning friendly branches into high-pressure sales centers. It'll be the entire industry.

Homebuilders' confidence rises in September

Confidence among U.S. homebuilders has surged to the highest level in nearly a year, reflecting a brighter outlook for sales now and into 2017.

The National Association of Home Builders/Wells Fargo builder sentiment index released Monday climbed six points this month to 65 following a downwardly revised reading of 59 in August.

The pros, cons of drugmakers' discount cards

WASHINGTON — Facing public furor for the price of its emergency allergy shot EpiPen, Mylan Pharmaceuticals quickly pointed to a familiar industry solution: copay discount cards.

Building permits, Sept. 18, 2016

Listed are permits for all commercial and industrial work, all new single-family and multifamily residences and all residential remodeling over $35,000. Permits are listed by applicant, description, site and cost.

Champaign

Camfield Construction, addition to single-family residence at 2515 Crystal Tree Drive, $60,000.

Business listings, Sept. 18, 2016

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

Catherine M. Gallahue dba Gallahue Photography, 438 E. Belle Ave., Rantoul, Catherine Gallahue, same address.

Combs & Associates, 1110 St. Andrews Circle, Rantoul, Mark Combs, same address.

Connektions R Us, P.O. Box 17518, U, Femi Fletcher, 714 S. State St., #2, C.

Wired In: Paul Couston

On Sundays, staff writer Paul Wood spotlights a high-tech difference maker. This week, PAUL COUSTON, 19, who's working on green energy projects. He's a sophomore in industrial engineering, but also planning to get a dual degree in innovation leadership and engineering entrepreneurship. Couston is in the first cohort of the new program.

Homebuying trend: Single women

CHAMPAIGN — Heather Wright began pondering homeownership when her rent went up.

The 30-year-old doctoral student in education at the University of Illinois ran the numbers on a mortgage and interest rates to see how much house she could buy for what she was paying in rent.

Today's Special: Steakhouse eager to make history

CHAMPAIGN — There's dust, exposed steel beams and loud machines cutting wood and screwing in nails.

But the folks behind Hamilton Walker's, a soon-to-be steakhouse downtown, remain hellbent on opening before the end of the year. No matter that the front of the restaurant is barricaded with construction fencing and the sidewalk has yet to be poured.

Pipeline spill may lift gas prices

DALLAS (AP) — Motorists in parts of the country could pay a little more for gasoline in coming days because of the shutdown of a leaking pipeline in Alabama.

Experts say that any spike in service-station prices will be felt most in the Southeast and should only be temporary.