Business

Business

Tax advocate: State may have to raise other taxes

CHAMPAIGN -- There's an answer to the state pension crisis, Ralph Martire says, but you might not like the answer.

Obama speech on federal budget

Remarks of President Barack Obama – As Prepared for Delivery

The Country We Believe In

The George Washington University

Washington, DC

April 13, 2011

 

It's Your Business: New Thai restaurant opening in Champaign

As if working on a Ph.D. in finance isn't enough to keep him busy, Bangkok native Kevin Akarapunchai has decided to open a Thai restaurant in Champaign.

The business, Let's Take a Seat, opens this weekend in the Village at the Crossing at Windsor and Duncan roads in southwest Champaign.

Office space demand shows uptick

The phones are ringing again.

Demand for office space in Champaign-Urbana was anything but robust during the recession, and it's not exactly booming. But area brokers have reported a recent uptick in activity.

Convention bureau's HQ moving to downtown Champaign

CHAMPAIGN -- The Champaign County Convention and Visitors Bureau will move to the Atkinson Monument building in downtown Champaign this spring.

The bureau will occupy most of the first floor at 108 S. Neil St., C, while current occupant Precision Graphics will have most of its offices on the second floor.

Union plans strike if UI deal isn't reached in 2 weeks

URBANA -- A union representing food service and building workers at the Urbana campus has announced an intent to strike if it does not reach agreement with the University of Illinois in the next 14 days.

Christie sends transcription work to Massachusetts

CHAMPAIGN -- Christie Clinic will be outsourcing its medical-transcription work to a firm based in Burlington, Mass., starting April 30.

The clinic's contract with Nuance Transcription Services was arranged as a cost-saving move, but job offers for Christie Clinic's 19 transcriptionists were part of the deal, said Christie Clinic spokeswoman Karen Blatzer.

It's your business: Casual restaurant now open in Urbana

A new casual restaurant has opened in Urbana.

Fin-N-Feather, which features everything from catfish dinners to chicken wings, opened last month at 805 S. Philo Road.

SEC woes engulf man's associated firms

CHAMPAIGN -- Tim Roth's troubles with the Securities and Exchange Commission have cast a cloud over the future of several businesses associated with him.

The 55-year-old Urbana man has been accused by the SEC of taking more than $6 million from deferred-compensation plans he was advising, and diverting it to accounts and companies under his control.

Volition to lay off 16 employees

CHAMPAIGN -- Video game producer Volition has notified 16 employees they'll be laid off April 12.

After the layoffs, the downtown Champaign studio will still have about 220 full-time employees, Volition President Mike Kulas said Friday.