Business

Business

Building permits, Sept. 16, 2018

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.

Permits are listed by applicant, description, site and cost.

Champaign

Timbercreek Developers, new single-family residence at 1604 Congressional Way, $340,000.

Champaign's HomeGoods store sets grand opening for Oct. 28

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CHAMPAIGN — Just in time for holiday home decorating, HomeGoods has scheduled Oct. 28 as the grand-opening date for its new store in Champaign.

Luxury retailer Henri Bendel calling it quits after 123 years

NEW YORK (AP) — The luxury retailer Henri Bendel, which opened its doors in New York's Greenwich Village at the end of the 19th century, is closing.

L Brands Inc., which acquired the brand in 1985, said that the 23 Bendel stores will turn out the lights in January. The Columbus, Ohio, company said it wants to focus on larger brands with more growth potential.

Industrial production rises 0.4% in August

WASHINGTON (AP) — U.S. industrial production rose by a healthy 0.4 percent in August, boosted by gains in the production of autos, oil and natural gas.

Retail sales up just 0.1% after previous strong gain

WASHINGTON (AP) — U.S. retail sales barely rose in August as consumers slowed their spending after a robust month of shopping in July.

Volkswagen to stop making iconic Beetle next summer

DETROIT (AP) — After selling it on and off in the U.S. for nearly seven decades, Volkswagen has decided to squash its iconic Beetle.

The company's American unit announced Thursday that it would end global production of the third-generation bulbous bug in July of next year after offering two special editions for sale.

Prairie preservationist stands his ground on final plant relocation

CHAMPAIGN — Prairie preservationist David Monk stood in front of the last section of his North Chestnut Street "pocket prairie," saying Thursday he would literally stand in the way of heavy equipment being used to relocate the plants.

"I think people need to stand in front of the bulldozers sometimes," he said.

Apple Watch inches toward becoming medical device

CUPERTINO, Calif. (AP) — Apple is trying to turn its smartwatch from a niche gadget into a lifeline to better health by slowly evolving it into a medical device.

Urbana's Landmark Hotel sold for $1.3 million

URBANA — After a $3.95 million bid for the Landmark Hotel failed to meet owner Xiao Jin Yuan's reserve price in December, the hotel went up for auction again this week.

"The owner has lowered his expectations significantly," his broker Rick George said Monday.

Consumer prices rose an annual 2.7% in August

WASHINGTON (AP) — Consumer prices rose 2.7 percent in August from a year earlier, with higher housing and gasoline costs driving most of the increase.

The Labor Department said Thursday that the consumer price index advanced 0.2 percent on a monthly basis. Despite the monthly gain, annual inflation softened from the 2.9 percent pace set during the 12 months ended in July.