Business

Business news

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.

WNIJ / WNIU, DeKalb-Rockford seeks a Development Director with a passion for public broadcasting to oversee fundraising and community outreach activities. This person coordinates all fundraising and marketing efforts for our network of five radio stations and a radio reading service for the print-impaired. Areas of oversight include annual giving, grants, corporate support and special events, with an emphasis on individual giving. In addition, the Development Department heads up the stations’ marketing and public relations campaigns as well.

Susan Stephens / WNIJ

More than a mile of trees and plants are being mowed to the ground along a DeKalb nature trail. That’s how Com Ed is handling a federal mandate meant to keep trees away from its largest transmission lines. WNIJ’s Susan Stephens reports.

Guy Stephens / WNIJ

It’s official. A railcar maker in Rochelle will build 130 high speed rail cars for the Midwest and California.  Governor Pat Quinn and U-S Transportation Secretary Ray LaHood announced the $352-million contract Monday at Nippon Sharyo’s factory in Rochelle.  

Citizens First National Bank served customers in Chicago's western suburbs and the LaSalle area.  On Friday, November 2, the FDIC's Office of the Comptroller of the Currency closed the bank, including its branches in Aurora, Genoa, Huntley and Hampshire. It's the FDIC's policy not to give advance notice of a bank's closing.

Susan Stephens / WNIJ

Fourteen people, including Reverend Jesse Jackson, were arrested Wednesday afternoon after marching onto the grounds of the Sensata Technologies factory in Freeport. They're protesting the company's decision to move 170 jobs from the northwest Illinois city to China.

Susan Stephens / WNIJ

Reverend Jesse Jackson is the next high-profile activist who plans to visit the northwest Illinois encampment known as “Bainport.” Reverend Al Sharpton spoke to the crowd of protestors based at the Stephenson County Fairgrounds in Freeport Saturday. They’ve pitched their tents across the street from Sensata Technologies, where many of them will see their last day of work two weeks from today.

Mendelssohn

The Mendelssohn Performing Arts Center has purchased First Presbyterian Church in Rockford.  The building went on sale in January. The funds to buy and renovate the church were given to Mendelssohn by donors.  The center will use the building for new performance and rehearsal space.

flyrfd.com

Plans to offer flights from Rockford to southwest Florida have fallen through. Chicago-Rockford International Airport director Mike Dunn announced Wednesday that after long and intense negotiations, the airport will NOT be able to provide service to Fort Myers this travel season. 

ComEd says it will delay elements of its grid modernization plan. That's after the Illinois Commerce Commission issued a ruling Wednesday that would prevent the utility from earning its desired profits, as it tries to cover the costs of infrastructure upgrades.

wnij

Rochelle-based Nippon Sharyo has been named the intended recipient of a $352 million contract to build 130 bi-level passenger railcars to accommodate high-speed rail expansion in Illinois and two other Midwest states as well as California.

Citizens First Under Pressure To Boost Capital

Sep 20, 2012

A northern Illinois bank faces pressure to improve its financial footing. Citizens First National Bank has received notification from regulators that it has become "critically under-capitalized."

First Tim Emmons Scholarship Awarded

Sep 13, 2012

The inaugural Tim Emmons Memorial Scholarship was awarded today to Tammy Terwelp, Director of Content and Programming at Essential Public Media in Pittsburgh.

The scholarship, presented by the Public Radio Program Directors Association,  celebrates the life of Tim Emmons, longtime Program Director and General Manager of Northern Public Radio. He died in February after a long struggle with cancer.

Susan Stephens / WNIJ

A major road reconstruction project bordering the Chicago-Rockford International Airport is expected to boost business in the region. 

Rockford to host travel journalists

Aug 29, 2012
Rockford Convention and Visitors Bureau

More than 125 travel journalists from around North America will visit Rockford  next year as part of Travel Media Showcase 2013. The tradeshow is expected to fill approximately 1,000 hotel room nights and bring in more than $100,000 for the local economy.

Aerospace Jobs Aplenty In Northern Illinois

Aug 24, 2012

The aerospace industry in northern Illinois will have hundreds of jobs to fill in the coming years. That’s due to a major expansion in the Rockford-area.

Woodward Expanding Its Rockford Area Base

Aug 23, 2012

Governor Pat Quinn was on hand for a major jobs announcement in northern Illinois Thursday morning.  Woodward Incorporated says it will build a second campus in Loves Park. The aerospace manufacturer's local expansion will result in more than 600 new jobs over the next five years. 

The Whiteside County portion of a proposed wind farm near Deer Grove won approval Tuesday from the county board, while the Ogle County Board okayed a special-use permit for a wind farm near Baileyville.

Subject to conditions, Ireland-based Mainstream Renewable Power can build seven turbines in far southeastern Whiteside County. The board also approved two others, but officials said those need to get the nod from the Deer Grove village board.

That's exactly the same headline as back in May, when the company reported record performance for the second quarter. This morning, Deere reported third -quarter net income totaled $788 million, or $1.98 cents per share, compared to $1.69 a year ago. It's the ninth consecutive quarter the company has reported record earnings. In addition, revenue and net sales jumped 15 per cent in the third quarter.

In 2011, Illinois saw a net gain in manufacturing jobs. The Illinois Manufacturers' Association says it was the first time that has happened since the late 1990's. The association says there are several contributing factors, including the growing cost of producing products in China.

U.S. Won't Prosecute Goldman In Fraud Probe

Aug 10, 2012

The Justice Department said Thursday it won't prosecute Wall Street firm Goldman Sachs or its employees in a financial fraud probe. In a written statement, the department said it conducted an exhaustive investigation of allegations brought to light by a Senate panel investigating the 2008-2009 financial crisis.

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
iilinois.gov

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.

Pages