First Busey records first profit since first quarter of 2009

CHAMPAIGN — First Busey Corp. has “turned a corner,” the company’s chief executive officer said as the bank holding company reported its first profit in four quarters.

The parent company of Busey Bank on Tuesday reported net income of $4.2 million for the first quarter of 2010, which for stockholders translated to 4 cents of earnings per share.

Arkansas man arrested for burglary at Paxton business

PAXTON — An Arkansas man was charged in Ford County Circuit Court Wednesday with burglary to a Paxton business that occurred late Tuesday or early Wednesday.

Urbana police are also investigating Robert Wheeler Jr., 19, of Ravenden Springs, Ark., in connection with a residential burglary in the 400 block on Lake Street that occurred between 6:10 and 7:20 p.m. Tuesday.

Champaign council proceeds with Olympian Drive project

CHAMPAIGN — The Olympian Drive project continues to move through the bureaucratic steps despite opposition from a number of residents who live in the area that would be affected.

Man arraigned on battery, gun charges

URBANA – A Champaign man accused of battering a woman while armed with a gun is due back in court May 4.

James Campbell, 21, who listed an address in the 600 block of West Bradley Avenue, was arraigned Tuesday on charges of aggravated unlawful restraint, unlawful use of weapon by a felon, and domestic battery.

Woman reports being grabbed at noontime on campus

CHAMPAIGN — University of Illinois police are asking for help finding a man who grabbed a woman and groped her breast on campus Tuesday.

Spotlight shines on volunteers who work at Ebertfest

CHAMPAIGN – University of Illinois sophomore Beanz Ramirez spent his 20th birthday on Tuesday evening at the Cowboy Monkey, eating pizza with several friends.

It wasn't really a birthday celebration, though.

Committee kills 4-day-school bill

SPRINGFIELD – A bill that would have permitted school districts to enact a four-day school week went down to defeat in an Illinois Senate committee Tuesday.

Scharlau's poll shows audience bullish on market

CHAMPAIGN – Attendees of Busey Bank's 58th economic seminar in Champaign-Urbana are bullish when it comes to expectations for the stock market.

Survey results from the 800 or so in attendance Wednesday morning indicate they expect the Dow Jones industrial average to close the year at 11,492, up about 10 percent from the 2009 close.

Scharlau finds silver linings here and there in local economy

CHAMPAIGN – The average selling price for a home in Champaign County last year was down and unemployment may be in double digits, but people are still dining out in Champaign County.

Couple robbed in Champaign park

CHAMPAIGN — Police are investigating a robbery that occurred early Tuesday in Hessel Park in Champaign.

Champaign police spokeswoman Rene Dunn said that, about 5 a.m., a 21-year-old woman and a 20-year-old man were getting in their vehicle in the circle drive of the park, in the 500 block of West Kirby Avenue, when a man approached.