Business news

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.

Simon says today is ‘The Onion Day’

Jul 31, 2012

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.

Local, state and federal officials joined with representatives of private industry July 27th to break ground on an expansion of the City of Rochelle Railroad.

15 private and governmental entities were involved in developing the nearly $5 million project, the bulk of which will be paid for by federal and state grants.

State Representative Bob Pritchard says the effort serves as a good example for the rest of the country.

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.