Business

Business news

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.

Illinois Department of Employment Security, U.S. Bureau of Labor Statistics

The unemployment rate in many northern Illinois counties fell from last year. 

Rockford’s unemployment rate dropped to 5.8 percent last month -- down from 7.4 percent in November 2015. That’s according to preliminary figures released last week by the Illinois employment security department and the U.S. Bureau of Labor Statistics. 

Amazon.com

Online retailer Amazon.com said Tuesday it plans to open two new fulfillment centers, employing more than 1,000 people full-time between them, in Aurora, Ill. 

Officials say one of the new facilities will focus on smaller items, such as books and small electronics, and the other will handle large items like big-screen TVs. 

Great Lakes Basin Transportation / greatlakesbasin.net

What’s the Great Lakes Basin Railroad and why should I care?

The GLBR is a proposed railway that, if you live in northern Illinois, southern Wisconsin, or northwest Indiana, you’ve either never heard of or have spent a lot of time learning about over the last year.

Under the current route proposal, the Great Lakes Basin Railroad would enter Kankakee County, Illinois, just below the Will County line, traveling west-southwest to enter Grundy County a couple of miles above its southern boundary.

Pages