Business

Business

Apartment expansion gets under way in southwest Champaign

CHAMPAIGN – Work has begun on a 144-unit expansion to Windsor West Apartments in southwest Champaign.

The expansion will nearly double the size of the apartment community, located south of Windsor Road and west of Interstate 57.

The first phase, which opened in March 2009, consists of 10 buildings with 172 one-, two- and three-bedroom apartments.

First Busey profit up from previous quarter

CHAMPAIGN – First Busey Corp. reported a profit for the second quarter in a row, and the company said it expects "gradual improvement" in the months ahead.

The parent company of Busey Bank announced Tuesday that net income for the quarter that ended June 30 was $5.7 million, compared with a net loss of $19.1 million for the same quarter a year ago.

Other banking companies' results for quarter

The parent company of Regions Bank on Tuesday reported a net loss of $335 million for the second quarter, partly as a result of a charge taken for an expected settlement with the government over securities violations involving its Morgan Keegan subsidiary.

That's an even bigger loss than the $244 million loss Regions Financial had in the second quarter of 2009.

First Busey reports second consecutive quarterly profit

CHAMPAIGN – First Busey Corp. reported a profit for the second quarter in a row, and the company said it expects "gradual improvement" in the months ahead.

The parent company of Busey Bank announced Tuesday that net income for the quarter that ended June 30 was $5.7 million, compared with a net loss of $19.1 million for the same quarter a year ago.

It's Your Business: Popcorn shop to open in west Champaign

A former basketball coach plans to open a popcorn and sweet shop in Champaign's Round Barn Centre this fall.

Caramel Corn & More, 503 S. Mattis Ave., will be in the space previously occupied by Maggie's Place.

Safety organization to build new office in Champaign, expand staff

CHAMPAIGN – The Board of Certified Safety Professionals will build a new headquarters in Champaign this fall, with plans to double its staff in five to 10 years.

The professional organization, which employs 22 at its office at 208 Burwash Ave., Savoy, is ready to build a $3 million office at 2213 W. Bradley Ave., C.

Area jobless rates up at least 1 percentage point in June

It's not only the temperature that's up.

Unemployment rates in most area counties rose by at least 1 percentage point in June.

The increase pushed Ford, Coles and Edgar counties into double-digit territory, joining Vermilion County, which was already there.

Champaign's Rev. Barnes attends signing of financial reform legislation

CHAMPAIGN – The Rev. Eugene Barnes didn't get much advance notice of the ceremony at which President Barack Obama signed the financial reform bill this week.

"I had six hours to get packed and get on the airplane," said Barnes, executive director of Metanoia Centers in Champaign.

Tax credit will help small businesses with health insurance costs

WASHINGTON – More than 4 million mom and pop restaurants, hardware stores and other struggling small businesses will be eligible for a tax credit this year to help buy health insurance for their workers.

Danville Fazoli's closes; site in Champaign will stay open

DANVILLE – A franchise owner's decision to get out of the restaurant business led to Monday's closing of Fazoli's in Danville and to a change in ownership at the Fazoli's locations in Champaign and Normal, according to corporate officials with the restaurant chain.