Business

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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Business
6:40 am
Tue August 14, 2012

China's rising labor costs create hope for Illinois manufacturers

In 2011, Illinois saw a net gain in manufacturing jobs. The Illinois Manufacturers' Association says it was the first time that has happened since the late 1990's. The association says there are several contributing factors, including the growing cost of producing products in China.

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Business
4:38 am
Fri August 10, 2012

U.S. Won't Prosecute Goldman In Fraud Probe

The Justice Department said Thursday it won't prosecute Wall Street firm Goldman Sachs or its employees in a financial fraud probe. In a written statement, the department said it conducted an exhaustive investigation of allegations brought to light by a Senate panel investigating the 2008-2009 financial crisis.

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High-speed rail
10:19 am
Tue July 31, 2012

Hearings set for Chicago-St. Louis high-speed rail study

A series of five public hearings will be held this month to seek comment on the draft Environmental Impact Statement for high-speed rail from Chicago to St. Louis.

Alternatives for accommodating higher speeds and additional round trips were narrowed down based on criteria that included residential and commercial impacts, travel time reductions, safety and environmental impacts.

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Business
9:56 am
Tue July 31, 2012

Simon says today is ‘The Onion Day’

Lt. Gov. Sheila Simon
iilinois.gov

Praising The Onion for uniting its business and editorial operations in Chicago, Lt. Gov. Sheila Simon has declared today “The Onion Day” to celebrate the digital media company’s consolidation of its headquarters in Illinois.

Formerly based in Madison, Wis., with its editorial staff headquartered in New York City, The Onion consolidated its media operations in Chicago this month, which will include a new studio for digital video production.

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