Business

Business
12:59 pm
Wed June 6, 2012

Around Illinois – June 6

  • House panel says Smith can be disciplined
  • Patient safety survey grades Sterling hospital “A”
  • Retired Illinois teachers got $900 million COLA bump
  • S&P weighs another Illinois ratings downgrade

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Business
5:00 am
Mon June 4, 2012

Construction slows traffic in Machesney Park

Road construction is becoming a familiar scene this time of year. For the month of June, construction is expected to continue around the revamped Machesney Town Center.  All businesses will remain open during the road improvements, but it may take longer to get around.

Construction continues this month for the inside lane of Highway 251 around the area formerly known as the Machesney Park Mall.  New turn lanes are being added on 251 between Copper Drive and Roosevelt Road.

Meanwhile, pavement will be moving east, framing the intersection of Illinois 173 and Illinois 251.

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Business
4:18 pm
Mon May 28, 2012

JiET A: building an aerospace pipeline in Rockford

JiET A, a new aerospace training collaboration, is introduced May 24th in Rockforard
Susan Stephens WNIJ

A group of Rockford-area educators and business-people think they have an answer to one of the region’s employment problems: they’ve developed a path to take talented students all the way from high school to careers in the aerospace industry.

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Business
10:24 pm
Thu May 24, 2012

Chrysler's Marchionne celebrates the Dart and freedom from bail-out loans

Chrysler Group CEO Sergio Marchionne after his plant tour and town hall meeting with employees at the Belvidere Assembly Plant, May 24, 2012
Susan Stephens WNIJ

The much-heralded Dodge Dart should be in dealerships by the end of next month. To celebrate, Chrysler Group CEO Sergio Marchionne visited the home of the Dart Thursday -- the Belvidere Assembly Plant.

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The Two-Way
6:33 am
Fri May 18, 2012

Like It Or Not, It's Facebook's Day On Wall Street

Emmanuel Dunand AFP/Getty Images

Originally published on Fri May 18, 2012 3:03 pm

Facebook's much-publicized first sale of stock to the public started with a bang late this morning as the price per share jumped. But though the volume of shares sold was a record for an initial public offering, the stock's price gave up its gains as the day continued.

By the end of trading in the U.S., Facebook had settled right at the $38 initial offering price that had been set before shares went on sale.

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Business
2:59 pm
Thu May 17, 2012

State unemployment falls to 8.7% -- lowest since 2009

The April unemployment rate in Illinois fell for the eighth consecutive month to reach8.7 percent, according to federal and state preliminary data released today.

The last time the unemployment rate was below 8.7 percent was February 2009, when it was 8.5 percent, according to the U.S. Bureau of Labor Statistics and the Illinois Department of Employment Security.

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Business
11:23 am
Thu May 17, 2012

Postal Service moving forward with plans to close Rockford sorting center

Rockford-area residents at January's USPS hearing about the Rockford sorting facility
Susan Stephens WNIJ

The United States Postal Service announced Thursday that it will soon begin consolidating dozens of mail processing facilities across the country. Part of Rockford's operations will be transferred to the Carol Stream distribution center. The other half will be absorbed by the facility in Palatine.

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Business
6:16 am
Wed May 16, 2012

Local official says property tax trend to continue

DeKalb County treasurer predicts additional rate increases and lower assessments for the next couple of taxing cycles.

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Illinois
11:34 am
Mon May 14, 2012

Around Illinois -- May 14

  • O’Hare cargo deal to create thousands of jobs
  • Will legislature adjourn on time?
  • Student loan rate hike hits Illinois hard
  • Police mark one year in search for boy
  • Ponzi schemer must repay and do time

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Business
10:27 am
Fri May 4, 2012

Web-only: Health care economist discusses financial issues facing Illinois hospitals

Illinois hospitals are bracing for Medicaid reimbursement rate cuts at the state level. This issue entered the spotlight after a Rockford-area health-care provider announced budget cuts. NIU's Jim Ciesla says other hospitals could take similar steps amid uncertainty over state and federal policy matters. 

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