Business

UI, other schools cancel second day of classes

Heavy snow and blinding winds have already forced cancellation of Wednesday classes at many area schools, including the University of Illinois.

According to a UI release, "Continuing high winds and snow
have made it impossible to keep streets and sidewalks clear and safe. Only personnel providing critical services should continue to report for each work shift until further notice."

Wednesday classes at the UI Child Development Lab also were canceled.

The university followed the example set earlier in the day by area school districts, including those in Champaign and Urbana.


Candy shop seeks help for expansion

TUSCOLA – One of Tuscola's best-known businesses could soon be expanding.

Flesor's Candy Kitchen submitted a request to the city council Monday asking that its tax increment financing district deal be sweetened so the business can add square footage.


First Busey dealing with turnover in Florida

URBANA – First Busey Corp.'s bank subsidiary in Florida has seen an exodus of top managers in recent months, but a top executive says the departures aren't expected to harm the company's plans for that market.

In East Central Illinois, First Busey is best known as the parent company of Urbana-based Busey Bank. But the company is also the holding company for Busey Bank, N.A., a separate bank that has nine offices in southwest Florida.


It's your business: Little Caesar's returns on Wednesday

The new Little Caesar's Pizza shop under construction at 1211 S. Mattis Ave., C, is set to open Wednesday.

It's been more than eight years since Little Caesar's operated in this market, with the last shops in Champaign-Urbana and Rantoul closing in 1998.


Insurance brokerage firm changes its name

CHAMPAIGN – The Acordia office in Champaign, along with other Acordia offices around the nation, is changing its name to Wells Fargo Insurance Services.

Acordia, the nation's fifth-largest insurance brokerage, was acquired by Wells Fargo & Co. in May 2001. It's the biggest bank-owned insurance brokerage in the country, with 150 offices in 38 states, a news release from the company said.


Prospective business owners being offered workshop this spring

CHAMPAIGN – Folks who would like to start a business can get an overview of what it takes from a 12-session workshop series this spring.

The sessions are sponsored by the Community Collaboration for Economic Development, a group that has sponsored similar workshops for several years.


Inventors Hall of Fame inductees have ties to UI

University of Illinois Nobel Prize winner Paul Lauterbur can add another honor to his list – membership in the National Inventors Hall of Fame in Akron, Ohio.

Lauterbur, one of the key developers of magnetic resonance imaging, or MRI, was among the inductees to be announced today by the inventors hall, which honors women and men responsible for technological advances that make human, social and economic progress possible.


Company snares $4 million in venture capital

CHAMPAIGN – RiverGlass Inc., a software company that uses data-mining technology developed at the University of Illinois, announced this week that it raised $4 million in venture capital in its latest round of funding.

The company, which employs about 35 at its offices in West Chicago and in the UI Research Park in Champaign, develops technologies that manage and put to use huge amounts of data.


CIB president stepping down to become board chairman

CHAMPAIGN – The top management of Central Illinois Bank's parent company expects to undergo some changes.

Stanley Calderon, who became chief executive officer of CIB Marine Bancshares in 2004, announced plans in late January to step down as president and chief executive officer.


Company plans to build water treatment plant near Bondville

CHAMPAIGN – Illinois American Water plans to start construction later this year on a $51 million water treatment plant about a mile north of Bondville.

Construction at the 40-acre site in Scott Township, located north of Interstate 72 between County Roads 300 East and 500 East, should begin in this summer and be substantially complete by the end of 2008, said Barry Suits, network operations manager for the Champaign County District of Illinois American Water.


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