Business

Business news

GDP Report Confirms Fears Of Economic Slowdown

Jul 27, 2012

The U.S. economy grew at an annual rate of just 1.5 percent from April through June, as Americans cut back sharply on spending. The slowdown in growth adds to worries that the economy could be stalling three years after the recession ended.

The Commerce Department also said Friday that the economy grew a little better than previously thought in the January-March quarter. It raised its estimate to a 2 percent rate, up from 1.9 percent.

An Indiana auto parts maker is planning to consolidate its North American manufacturing operations in Rockford by early 2013.

McHenry County getting new hospital

Jul 26, 2012

A proposed hospital project in the northern Illinois county is moving forward. A separate hospital project in the same county awaits another look from regulators. 

WNIJ back on the air

Jul 24, 2012
Google Images

WNIJ listeners, and employees, rejoiced at around 1:30pm Tuesday when power was restored to our transmitter near Lindenwood, Ill. Chief engineer Jeff Glass said the generator, which failed due to lack of coolant, is running again. Glass said WNIJ will operate at reduced power until Commonwealth Edison restores electricity to the transmitter site.

Thousands of WNIJ listeners lost contact with their NPR programming this morning, when a severe thunderstorm cut the power to Northern Public Radio's transmitter in Lindenwood, Ill. The outage also affected listeners to WNIJ's sister station, Classical WNIU.

Statewide home sales in June surged 18 percent over previous year levels to 13,111 single-family homes and condominiums. This was the best June performance since 2010, according to the Illinois Association of Realtors.

The statewide median price in June was $155,000, up 3.3 percent from June 2011, the fourth straight month of median price increases in Illinois. The median price -- where half the homes sold for more and half sold for less – has risen $32,650 since January.

The foods of summer: Ollie's frozen custard

Jul 20, 2012
Jenna Dooley

DeKalb County's summer haven from the heat is none other than Ollie's Frozen Custard in Sycamore.  The hotspot features tasty treats and a recognizable logo: Ollie, a smiling man with a bowler hat and bushy mustache.

Known most for its creamy custard, Ollie’s has been the post-baseball game favorite since 1985 with the opening of its first store in DeKalb. When space became limited, it moved to Oakland Drive in Sycamore in 1990.

Guy Stephens / WNIJ

A host of public officials and hundreds of invited guests came to Rochelle Thursday to mark the grand opening of Japanese company Nippon Sharyo’s new rail car manufacturing facility there.  

Mitsubishi Motors Corporation

Mitsubishi's top selling vehicle is now made in Illinois. The Japanese automaker has shifted production of the Outlander Sport to its only U.S. production facility in Normal.

Gov. Pat Quinn, who attended the ceremony launching the Japanese automaker's latest U.S. product, touted the sporty crossover SUV during remarks to 1,200 plant workers, company executives, and other officials.

"It's fuel efficient and it's made in America and made in Illinois,” he said. “That means a lot to me, and I think to everybody in our state, that your skill has crafted this vehicle that not only will supply the automotive needs of our country but also the export possibilities."

The two major electric utilities in Illinois ranked at the bottom of the annual household customer satisfaction survey of large Midwest electric utilities released today by J.D. Power and Associates and in the bottom four of 14 in business customer satisfaction.

Commonwealth Edison Co. ranked worst in household satisfaction with a score of 579 on a scale of 1,000 points, and eleventh in business satisfaction with a score of 642.

Ameren Illinois, with a score of 606, was just above ComEd in the household survey and was dead last in the business category with a score of 610.

Pages