JOSH BOAK, AP Economics Writer
URBANA — After absorbing budget cuts this year of $20 million or more, University of Illinois academic departments are drawing up plans for more cost-cutting in 2016-17.
DECATUR, Ill. (AP) — Archer Daniels Midland Co. (ADM) on Tuesday reported fourth-quarter profit of $718 million.
Panic is so passe.
Investors are keeping their cool — and keeping their hands off of their retirement accounts — despite huge swings in the stock market that sent it careening to its worst start to a year ever.
DANVILLE — Two Danville companies are starting the new year by reducing their workforces.
Thyssenkrupp Crankshaft at 1000 Lynch Road laid off 48 salaried and hourly workers this week because of a downturn in the heavy equipment market, according to Kellie Harris with Thyssenkrupp North America Regional Headquarters in Chicago.
Caterpillar says it plans to close five plants, causing a net reduction of about 670 jobs in Illinois and several other states, as part of a broader cost-cutting campaign announced last year.
CHAMPAIGN — Those who worked closely with Champaign's former community relations manager want to know why he's no longer employed after less than a year on the job.
And a month after Lyonel LaGrone's sudden resignation last month, they're still searching for answers.
URBANA — About 1,750 union employees who ratified new contracts with the University of Illinois more than a month ago will have to wait a bit longer to get their back pay.
URBANA — Twenty-one persons and three alternates are being recommended for membership on a Champaign County Racial Justice Task Force that is supposed to begin work next month.
The appointments, made by a panel of five county board members who reviewed 32 applications, will come before the full board tonight.