Business

Business

Awards honor area outstanding philanthropy

CHAMPAIGN – Several central Illinois residents and entities have been honored with National Philanthropy Day Awards, handed out Friday by the East Central Illinois chapter of the Association of Fundraising Professionals.

The winners are:

Gibson City identified as finalist for 'green' business

GIBSON CITY – A business that plans to create dozens of high-paying jobs has chosen Gibson City as a finalist for the business to locate.

The Gibson City Economic Development Task Force plans to make the announcement at a news conference Wednesday that Gibson City is "one of two community finalists by a business that will provide 30 to 50 direct 'green' jobs," according to a news release from Gibson City Mayor Dan Dickey.

Hometown shopping on tap at Fischer Theatre

DANVILLE – Going for the unique, but staying close to home, the Vermilion Heritage Foundation has opened its own gift shop.

Stage Presents – The Fischer Theatre Gift Shop opened Thursday in the south storefront of the theater at 158 N. Vermilion St. The space was last officially used as the foundation office.

Businessman talks about restoring old computers

CHAMPAIGN – Nine years ago, Willie Cade started a company to refurbish old computers so schools and nonprofits could use them.

Since then, he and his employees have refurbished 40,000 personal computers – equipment that otherwise might have ended up in landfills.

State's October foreclosures up 56% from September

CHAMPAIGN – The number of foreclosures filed in Illinois jumped 56 percent in October from the previous month, according to RealtyTrac's monthly foreclosure market report.

The report said 19,946 properties in Illinois were subject to a foreclosure filing in October. That was the highest monthly total for Illinois since RealtyTrac began issuing its report in January 2005.

Bar association president: Fight for your home

CHAMPAIGN – For heaven's sake, do something.

That's the advice the president of the Illinois State Bar Association gives to those who have gotten word – or just suspect – that their home faces foreclosure.

UI teaching, research assistants prepared to strike

URBANA – The University of Illinois' graduate teaching and research assistants could be going on strike for the first time.

On Monday, the Graduate Employees' Organization announced the results of its strike authorization vote. Spokesman Peter Campbell said 92 percent of participating GEO members chose to authorize a strike against the UI Board of Trustees in votes taken over the course of three days last week.

Microsoft acquires Teamprise assets

CHAMPAIGN – Remember Victor Kiam? The guy who liked Remington razors so much, he bought the company?

Well, Microsoft Corp. recently took a page from his playbook.

Volition's parent posts small operating loss in 3rd quarter

THQ Inc., the parent company of Champaign-based video game designer Volition, reported a $5.57 million loss for the quarter that ended Sept. 30.

That was much smaller than the $115.3 million loss the company had during the same quarter a year earlier.

Elevator malfunction forces office rearrangement

DANVILLE – Some employees and visitors at the Vermilion County Courthouse Annex are getting exercise this week walking up and down stairs, because the four-story building's elevator is out of order and will be for several weeks.

Maintenance employees discovered last week that the nearly 50-year-old elevator was leaking hydraulic fluid, so it's been shut down while county officials seek bids for its repair or replacement, according to Vermilion County Board Chairman Jim McMahon.