A roundup of business news:
Ameren seeks comment on proposed line
CHAMPAIGN — Ameren Transmission Co. of Illinois has scheduled an open house Tuesday in Champaign for area residents to learn more about routing for a high-voltage transmission line.
CHAMPAIGN — Volition's parent company, THQ Inc., reduced the number of its video-game development studios from 11 to five and eliminated 370 jobs in a restructuring earlier this year, the company said in its annual report this week.
That reduced THQ's workforce, as of March 31, to 1,088 employees, with at least 402 of those employed outside the United States, the report said.
CHAMPAIGN — Yahoo's office in the University of Illinois Research Park is adding 15 new software engineering jobs, park director Laura Frerichs said Wednesday.
The expansion comes just two months after Yahoo announced it would cut 2,000 jobs worldwide, or roughly 14 percent of its staff.
CHAMPAIGN — After putting forward an "alternative" bidding process, city officials and community members are hoping that a $1.6 million contract with a minority-owned firm will open up more job opportunities for the city's underserved neighborhoods.
And the company's owner says he knows how important the job is.
Read through campus emails these days and you might assume everyone is cloaking their messages in some inscrutable code. Or that they've had a wee bit too much to drink.
The new Unified Communications system's "voice mail preview" feature, which needs some tweaking, is providing some memorable email exchanges — and unintended entertainment.
URBANA — Someday soon, probably this month, most of the telephones you're accustomed to seeing on office desks will disappear from the University of Illinois campus.
The UI is in the final stages of a sweeping change in the way employees communicate — or more precisely, in the technology they use to send email or talk on the phone.
CHAMPAIGN — Bytemobile, which has an office in the University of Illinois Research Park, has agreed to be acquired by Citrix Systems.
Terms of the transaction, announced Thursday, were not disclosed. But Citrix, which trades publicly on the Nasdaq exchange, said it expects to release more details when it reports second-quarter results later this summer.
CHAMPAIGN — Park officials have installed new lamps at West Side Park in hopes that new energy-efficient lights will provide better coverage and cost less at the same time.
Of the 53 poles in the park, officials are testing two right now. The poles themselves are in good condition, park district director Bobbie Herakovich said, but the fixtures are more than 20 years old.
CHAMPAIGN — THQ Inc., the parent company of Champaign-based Volition, is considering a reverse stock split to help preserve the company's stock trading price.
CHICAGO — E.On Climate & Renewables North America announced Monday that it has secured $150 million of institutional equity financing from Bank of America Merrill Lynch in exchange for a partial interest in its Pioneer Trail Wind Farm near Paxton.