Business

Business

Urbana library offers home history online

URBANA – More than 800 pictures, title abstracts and maps showing the history of homes and neighborhoods in Champaign County are available online through the Urbana Free Library.

"Historic Champaign County Neighborhoods and Homes" is seen as a "first phase of a portal" to a digital record of the county, according to Anke Voss, director of the historical Champaign County archive at the library.

Bankruptcy judge OKs CIB's reorganization plan

CHAMPAIGN – Central Illinois Bank's parent company has received approval from bankruptcy court for a prepackaged plan of reorganization under Chapter 11 of the bankruptcy code.

As a result, CIB Marine Bancshares should be able to emerge from Chapter 11 bankruptcy by year's end, said John Hickey Jr., the company's chairman and CEO.

Several downtown Danville activities scheduled

DANVILLE – An open house held by Downtown Danville Inc. and hosted by Vermilion County Title provided lots of information for, and discussion by, downtown business owners.

Dana Schaumburg, DDI executive director, said several activities are planned for the downtown, and she hopes businesses will either stay open for them or participate in them.

'Trunk-or-treating,' other events planned this year

Despite dozens of parties, festivals and haunted places filled with Halloween spirits this week, some kids still want to go door-to-door calling out "Trick or treat!"

Unusual places to trick or treat include:

First Busey suffers $283.7 million loss in third quarter

CHAMPAIGN – As was forewarned a month ago, First Busey Corp. reported a massive net loss for the third quarter but indicated the worst may be over.

The parent company of Busey Bank on Tuesday reported a net loss of $283.7 million, or $7.92 per share, for the quarter that ended Sept. 30.

Ex-Chanute area earns designation as foreign trade zone

RANTOUL – Rantoul has a new incentive to offer businesses now that part of the former Chanute Air Force Base has been designated a subzone of the Peoria foreign trade zone.

Companies can make use of the subzone to defer, reduce or eliminate customs duties on products coming in from abroad.

Volunteers sought to help people complete tax forms

DANVILLE – AARP is seeking volunteers in the Danville area to help middle- and low-income taxpayers complete their federal and state income tax forms for 2009.

Volunteers will assist with preparing and electronic filing of tax returns. Training is free, and volunteers are asked to serve a minimum of three hours per week from Feb. 1 through April 15.

First Busey loss for 3rd quarter: $283 million

CHAMPAIGN — As forewarned a month ago, First Busey Corp. reported a massive net loss for the third quarter, but indicated the worst may be over.

PowerWorld grows without help of venture capital

CHAMPAIGN – Mark Laufenberg's company has more than 600 customers in at least 57 countries around the world.

But the president of Champaign-based PowerWorld Corp. said his company wouldn't be a good candidate for venture capital.

Title-service owner wins Danville Rotary honor

DANVILLE – People of Vermilion County are used to seeing Pat O'Shaughnessy heading a United Way campaign, chairing the Festival of Trees or, a few years ago, recruiting volunteers for the Balloon Classic, but he really does have an 8-to-5 job.

O'Shaughnessy was honored on Monday as the Danville Rotary Club's 2009 Vocational Service Person of the Year, and was asked to talk about himself and his career.