Business

Business news

University of Illinois

The Illinois economy continues to grow … but at a slower rate than a few months ago. That’s according to a monthly economic report from the University of Illinois.

The U of I Flash Index fell to 105.8 in October from 106 in September. Though any number over 100 indicates growth in the state's economy, this is the third month of decline for the index.

The report's author Fred Giertz says the slower growth is a reflection of a bigger global trend -- including slowdowns in Europe and China.

Mercy Rockford Health System

OSF Saint Anthony Medical Center could be forced to cut the equivalent of 200 full-time jobs if the Rockford Health System Riverside Campus is built on the east side.

That is one of several objections raised about the project in a letter from St. Anthony CEO and President Paula Carynski filed last week with the Illinois Health Facilities and Services Review Board.

WNIJ’s Gas Price Monday: Oct. 26, 2015

Oct 26, 2015
Carl Nelson/WNIJ

Gas prices in Illinois fell a little from last week ... but only about a dime.

According to AAA, gallon of regular gas in the Rockford area costs $2.31 on average. That’s 7 cents less than a week ago and about 70 cents less than a year ago.

Chicago prices are at $2.80 per gallon. That's about a dime less than a week ago and about 75 cents less than a year ago.

Wikimedia

A bigger portion of older people's income could be going to healthcare costs next year.

This change is based on something seemingly unrelated: Low gas prices.

Each year, the federal government releases what's called a "consumer price index," that lays out the amount of inflation observed in the U.S. economy.

Social Security and other government beneficiaries will receive a cost of living increase tied to inflation. But economists this year predict there will be no cost of living adjustment, known as a COLA, because gas prices have been so low.

ConAgra Foods

Governor Bruce Rauner says Illinois will see a net gain of jobs from a  Fortune 500 company that just received state tax breaks. 

ConAgra already employees Illinois workers, but it's transferring them from Naperville to Chicago. That’s part of a larger move to the city from its headquarters in Omaha.

Pages