Cuts likely in future for grain farmers

CHAMPAIGN — Illinois grain farmers will likely need to cut expenditures in the coming year, with University of Illinois agricultural economists projecting sharply lower farm income for the 2014-15 and 2015-16 marketing years.

Net income per farm averaged well over $100,000 each of the four previous years, falling to $127,000 in 2013 after reaching a high of about $300,000 in 2012.

IYB sneak peek: New Cage up and running

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Kraft Foods CEO to retire; Cahill named successor

NORTHFIELD, Ill. (AP) — Kraft Foods Group Inc. says that CEO Tony Vernon plans to retire later this month. The company named Chairman John Cahill as his successor.

Sony cyberattack may be costliest ever

BERNARD CONDON, Associated Press
ERIC TUCKER, Associated Press
MAE ANDERSON, Associated Press

Innovation Celebration finalists named

URBANA — Twenty-one finalists have been named for seven awards to be given at the annual Innovation Celebration in March, with contenders for two other awards to be disclosed later.

No change in credit union ratings during quarter

No area credit unions were upgraded or downgraded in the latest evaluation by BauerFinancial, based on regulatory data from the quarter ending Sept. 30.

Twenty area credit unions rated by BauerFinancial retained the ratings they had for the quarter that ended June 30.

Five banks up, two down in latest quarterly ratings

Five banks were upgraded and two were downgraded in the latest ratings from BauerFinancial based on data for the financial quarter that ended Sept. 30.

Pittsburgh-based PNC Bank, which has area offices in Champaign and Urbana, was upgraded from 31/2 stars ("good") to 4 stars ("excellent").

Quick Read: Banks' share of local markets

Last week, The News-Gazette explained how Busey Bank's merger with Pekin-based Herget Bank would affect banks' shares of deposits in the Peoria area.

This week, we'll turn closer to home to examine what share of deposits various banks have in the Champaign-Urbana and Danville metropolitan areas.

It's Your Business: Which Wich ready to bag sandwich eaters

Would-be patrons of Which Wich have been wondering "when, when" the sandwich shop will open.

Their hunger should be abated soon. Brij Patel, who owns the franchise in Campustown, said it will open for business Monday.

A slice of paradise

State names Papa Del's Pizza as a 'Delicious Destination' for tourists

CHAMPAIGN — Papa Del's Pizza joined an exclusive group of Illinois restaurants this past week, being recognized as one of 19 eateries considered a tourist destination.