Business news

A growing group of Rockford residents is trying to combat their hometown’s reputation as a “miserable place”…while tackling some of the city’s biggest problems. About a thousand people showed up in the Coronado Theater last night for “Transform Rockford’s” first public meeting.

The owner of the Rockford Register Star and the Freeport Journal Standard has filed for voluntary chapter 11 bankruptcy in the U.S. Bankruptcy Court for Delaware.

GateHouse Media Inc. announced earlier this month that it had entered into an agreement with some secured lenders to restructure $1.2 billion of debt scheduled to come due in August 2014.

According to Michael Reed, GateHouse director and chief executive officer, the bankruptcy filing for prepackaged reorganization was a strategic decision.

Susan Stephens / WNIJ

A company with a long Rockford history has been sold. The Rockford Register Star reports cabinet hardware manufacturer Amerock was one of the brands recently sold off by Atlanta-based Newell-Rubbermaid to London-based Nova Capital.

Susan Stephens / WNIJ

Northern Illinois needs a faster, more reliable electrical grid. That’s why Com Ed is being advised to build a 57-mile-long high-power transmission line stretching across four counties. The company that supplies electricity to most of the region is holding open houses about the project it’s calling “The Grand Prairie Gateway.”

Susan Stephens / WNIJ

Chrysler is recalling about 15,000 Dodge Darts because they could stall in cold weather. The Dart is produced in Belvidere. 

Susan Stephens / WNIJ

The DeKalb Nature Trail was replanted Thursday, half a year after ComEd removed most of the growth below its overhead transmission lines.

Boone and Winnebago Counties Workforce Investment Board

An organization that oversees job training and workforce development programs in Boone and Winnebago Counties is expanding to include Stephenson County.

John Strandin is a spokesman for the Boone and Winnebago Counties Workforce Investment Board.

Strandin says the Board had worked closely with Stephenson County on workforce issues before, so the two are familiar with each other.  Strandin says, for a number of reasons, this merger makes sense.

Reports: American, U.S. Airways Boards Approve Merger

Feb 13, 2013

The boards of AMR and US Airways have approved a merger Wednesday night that would create the world largest carrier, The Wall Street Journal is reportingciting "people familiar with the matter."

The paper reports that the merger will be formally announced Thursday.

Earlier today, Bloomberg reported on some of the terms of the deal:

University of Vermont

McHenry County College kicks off its environmental speakers series tonight at 7:00. The first of the “Bioneers” is ecological economics professor Jon Erickson of the University of Vermont. 

Susan Stephens / WNIJ

LaSalle County business leaders are looking to a simple idea with a great slogan to turn their economy around.