Business

Business

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.

Champaign County jobless rate drops; most others rise

CHAMPAIGN -- Champaign County's unemployment rate dropped in February, while most other counties in East Central Illinois saw an increase.

Champaign County's rate fell to 8.3 percent in February, down from 8.4 percent in January, the Illinois Department of Employment Security reported Thursday.

More than 50 events planned for Money Smart Week in Champaign County

CHAMPAIGN — More than 50 events are planned in Champaign County next week in connection with Money Smart Week.

Topics cover a range of personal finance issues, including identity theft, saving for college, retirement planning, credit scores, debt management, buying a home, and trusts, wills and estate planning.

Unit 4 board OKs 206 layoffs; most will be rehired

CHAMPAIGN -- The Champaign school district approved laying off 206 employees at its meeting Monday night.

But no more than 20 jobs are being lost, said Beth Shepperd, assistant superintendent for human resources.

And, she said, "We hope we can do most of this through attrition."

It's Your Business: Coffee retailer to take puppy place's mall space

No more puppies are being sold at the mall.

Furry Babies, a regional chain of stores that sells puppies in a nursery-room type of setup, closed last Sunday at Market Place Mall in Champaign.

In its place will be Biggby Coffee. The Michigan-based coffee retailer has been expanding into Illinois recently.

Developers discuss planned Champaign project

CHAMPAIGN -- The Book of Genesis makes no reference to an orange waterfall in Eden. But in the modern Eden, there will be.

That's right. When Eden Supportive Living opens a 150-unit apartment building for the physically disabled in downtown Champaign in mid-2012, it's expected to have a nine-story waterfall flowing into a reflecting pool.

Area residents push to establish a place for fledgling food entrepreneurs

Have dreams of launching a food business?

Got $50,000 to $100,000 to spare?

No?

A local effort to establish a community kitchen or kitchen incubator, a place where bakers and jam and jelly makers can jump start their businesses without the steep overhead costs and initial investment often needed, has caught on in Champaign-Urbana.

Local bank's parent closing Arizona office

CHAMPAIGN -- Central Illinois Bank's parent company, CIB Marine Bancshares, will close its banking office in Scottsdale, Ariz., the company disclosed Friday.

That will leave the company with 14 banking offices 10 in central Illinois, three in the Milwaukee area and one in Indianapolis.