Business

Business
6:25 am
Thu October 4, 2012

ICC Ruling Puts ComEd's Smart Grid Plan On Hold

ComEd says it will delay elements of its grid modernization plan. That's after the Illinois Commerce Commission issued a ruling Wednesday that would prevent the utility from earning its desired profits, as it tries to cover the costs of infrastructure upgrades.

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Business
5:10 am
Fri September 28, 2012

Rochelle Company Selected for Big Rail Car Contract

The Nippon Sharyo plant in Rochelle, IL
wnij

Rochelle-based Nippon Sharyo has been named the intended recipient of a $352 million contract to build 130 bi-level passenger railcars to accommodate high-speed rail expansion in Illinois and two other Midwest states as well as California.

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Business
7:46 am
Thu September 20, 2012

Citizens First Under Pressure To Boost Capital

A northern Illinois bank faces pressure to improve its financial footing. Citizens First National Bank has received notification from regulators that it has become "critically under-capitalized."

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Public Radio
2:51 pm
Thu September 13, 2012

First Tim Emmons Scholarship Awarded

Tim Emmons

The inaugural Tim Emmons Memorial Scholarship was awarded today to Tammy Terwelp, Director of Content and Programming at Essential Public Media in Pittsburgh.

The scholarship, presented by the Public Radio Program Directors Association,  celebrates the life of Tim Emmons, longtime Program Director and General Manager of Northern Public Radio. He died in February after a long struggle with cancer.

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Road Construction
5:56 pm
Wed August 29, 2012

Rockford Airport Area Road Plan: More Business, More Jobs

Rockford Mayor Larry Morrissey shows Senator Dick Durbin some of the growing businesses near Rockford's airport during a bumpy bus ride.
Susan Stephens WNIJ

A major road reconstruction project bordering the Chicago-Rockford International Airport is expected to boost business in the region. 

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Rockford
10:05 am
Wed August 29, 2012

Rockford to host travel journalists

Rockford Convention and Visitors Bureau

More than 125 travel journalists from around North America will visit Rockford  next year as part of Travel Media Showcase 2013. The tradeshow is expected to fill approximately 1,000 hotel room nights and bring in more than $100,000 for the local economy.

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Business
6:36 am
Fri August 24, 2012

Aerospace Jobs Aplenty In Northern Illinois

The aerospace industry in northern Illinois will have hundreds of jobs to fill in the coming years. That’s due to a major expansion in the Rockford-area.

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Woodward expansion
7:55 am
Thu August 23, 2012

Woodward Expanding Its Rockford Area Base

Governor Pat Quinn was on hand for a major jobs announcement in northern Illinois Thursday morning.  Woodward Incorporated says it will build a second campus in Loves Park. The aerospace manufacturer's local expansion will result in more than 600 new jobs over the next five years. 

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Renewable energy
10:05 am
Wed August 22, 2012

Wind farms advance in Whiteside, Ogle counties

The Whiteside County portion of a proposed wind farm near Deer Grove won approval Tuesday from the county board, while the Ogle County Board okayed a special-use permit for a wind farm near Baileyville.

Subject to conditions, Ireland-based Mainstream Renewable Power can build seven turbines in far southeastern Whiteside County. The board also approved two others, but officials said those need to get the nod from the Deer Grove village board.

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Business
2:22 pm
Wed August 15, 2012

Another quarter, another record for Deere & Co.

That's exactly the same headline as back in May, when the company reported record performance for the second quarter. This morning, Deere reported third -quarter net income totaled $788 million, or $1.98 cents per share, compared to $1.69 a year ago. It's the ninth consecutive quarter the company has reported record earnings. In addition, revenue and net sales jumped 15 per cent in the third quarter.

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