Business

Business news

pixabay.com

Banking in Illinois ranks fourth among all the states for choice, stability, best rates, and customer satisfaction, according to a recent survey by Money-Rates.com.

The survey compared the number of banks in each state, the number of bank failures, the interest rates for savings and deposits, and the JD Power ratings of banks to generate the list.

Caterpillar Headquarters Will Move To Deerfield

Apr 19, 2017
Caterpillar

Caterpillar Inc. has announced it is moving its corporate headquarters from Peoria to the Chicago suburb of Deerfield.

According to Wednesday’s announcement, the heavy-equipment maker has reached a leasing agreement at a Deerfield office park and expects to relocate 100 employees there this year. About 300 people will be working at the new headquarters by mid-2018.

The company previously announced plans to build a new headquarters complex in Peoria. It cited "challenging market conditions" in cancelling the plan.

frontierleague.com

Minor league baseball players are suing Major League Baseball, claiming unfair pay. But a new proposal in Illinois would protect independent leagues from a similar lawsuit. 

The state’s minimum wage law applies to most workers, but there are a few exceptions: farm hands, children of small business owners, and outdoor salesmen to name a few.

Carl Nelson / WNIJ

The average price of a gallon of regular unleaded fell for ten straight days nationally, but is up a few cents in Illinois. 

The average price in the state is $2.35 a gallon, up a little more than a penny from a week ago. 

Springfield has the cheapest gas in the state, at $2.19. Rockford's average is $2.24, down a penny from last week. A year ago this week, prices in Rockford were below the $2.00 mark, at $1.97. 

Cass Herrington

Caterpillar says it believes that a search warrant executed by federal authorities on Thursday at its facilities concerns "export filings" related to its Switzerland subsidiary CSARL.

Federal officials executed search warrants at several offices of Caterpillar Inc. in Peoria, East Peoria and Morton. People wearing navy blue jackets labeled IRS and Federal Agents carried boxes out of the headquarters building.

Pages