Economy

Economy

Updated: Unions to appeal ruling barring full Illinois worker pay

2:53 P.M. Tuesday, July 7, 2015

June home sales spike over '14

CHAMPAIGN — June home sales in the Champaign County area were up substantially from a year earlier, according to the Champaign County Association of Realtors.

The number of homes sold in June was up 13.6 percent from 2014, while dollar sales volume was up 15 percent, figures from the association's Multiple Listing Service show.

No more 'roar' as famed trading pits come to an end

BERNARD CONDON, Associated Press
DON BABWIN, Associated Press

Greece looks to reopen bailout talks as euro future in doubt

ELENA BECATOROS, Associated Press

John Roska: How does bankruptcy work?

Q: How many court dates will there be if I file for bankruptcy? What happens at those court dates? What can I expect at those court dates? What are the steps?

A: In a routine "Chapter 7" bankruptcy, there's only one appearance, for the "meeting of creditors." They're held lots of different places, so it's not necessarily a "court" date.

So long, Zojo

URBANA — Cafe Zojo, a coffee shop that has been a fixture of The Pines shopping center since 2012, plans to close on or by next Sunday.

Patrons say they'll be sorry to see it go.

UI credit union makes plans for helping state workers

CHAMPAIGN — The University of Illinois Employees Credit Union is extending help to members who face payroll interruption as a result of state budget negotiations.

Senior Vice President Greg Anderson said the credit union can offer several forms of help, including:

— Offering loan payment deferment.

— Waiving or reducing account fees

Willard exec search next step for task force

SAVOY — With no management firms interested, Willard Airport is about to begin scouting for a new executive director who could be on board by early 2016.

Plans to have an outside management firm run the University of Illinois airport and implement changes suggested by an intergovernmental task force fell through last month when no bidders stepped forward.

Solid hiring, lower U.S. unemployment rate, but wages flat

CHRISTOPHER S. RUGABER, AP Economics Writer

Flash index dips for second straight month

URBANA — The University of Illinois flash index has fallen for a second straight month after hitting a fiscal-year high of 107.1 in April.

The index, which measures the Illinois economy, dropped to 106.4 in June, down from 106.5 in May, according to the UI's Institute of Government and Public Affairs.