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Business News

LLCU completes purchase of Colchester State Bank

DECATUR -- Another bank in Central Illinois is now part of the Land of Lincoln Credit Union (LLCU) family. LLCU announced Friday its completion of the purchase and assumption transaction with Colchester State Bank in McDonough County. Through this transaction, LLCU has acquired all assets and liabilities of Colchester State Bank. The completion of this acquisition now results in LLCU's footprint expanding to a total of 14 branches. The initial deal was brokered and signed in December 2022. "We look […]

July 23, 2023 138

Business News

Six methods to improve factory management accountability

The task of stimulating business growth covers a number of disciplines, especially in the manufacturing industry. Being in charge of a manufacturing facility will demand a number of qualities, including accountability. But achieving accountability is a mighty test, especially in a fast-paced environment with a number of technical components. However, there are some strategies we can use: Utilize key performance indicators Being able to measure and track how your facility is performing is essential and will help you to set […]

July 21, 2023 121

Business News

Federal Reserve starts new instant payment system

WASHINGTON (UPI) -- The Federal Reserve said Thursday that its new system for instant payments to financial institutions has gone live. The Fed said that banks and credit unions can start signing up for the system, called the FedNow Service, which will allow for instant money transfers for customers at any time of the day. "The Federal Reserve built the FedNow Service to help make everyday payments over the coming years faster and more convenient," Federal Reserve Chair Jerome Powell said in a statement. "Over time, […]

July 20, 2023 1011

Business News

New business security threats coming in 2024

2024 may not be close yet, but experts are already identifying new security threats that your business could face. Why is this important? That's because the average cost of security or data breaches reached a record high of $4.3 million in 2022 alone, according to a data breach report by IBM. Without the right prevention strategies, businesses can lose even more money to such threats or attacks next year. Even worse, these threats will become more sophisticated with time, and […]

July 18, 2023 110

Business & Lifestyle

Illinois hotels report record revenues for FY23

CHICAGO (Capitol News Illinois) – For hoteliers, business is booming in Illinois. On Monday, Gov. JB Pritzker, the state’s legislative leadership and representatives of the hospitality industry announced that hotels in Illinois saw record revenues in fiscal year 2023, which ended June 30. Across the state, hotels brought in $307.8 million, according to figures from the state’s Department of Revenue. That beats fiscal year 2019, the previous record year for hotel income and the last year before the pandemic upended […]

July 11, 2023 115

Business News

AI is more helpful than a hindrance

Artificial intelligence, or AI, is the most divisive topic in this half of 2023. But far removed from the doom and gloom scenarios, AI is helping both businesses and their employees achieve larger goals. From helping inexperienced staff to human resources issues, the applications are far and wide. If, as an employer, you aren’t convinced, here are a few examples for your consideration. Reducing workplace risk There is risk in almost any sector. And the volume directly dictates how much […]

July 8, 2023 107

Business & Lifestyle

Gas prices wobble, but not falling

WASHINGTON, D.C. — Gas prices at the pump barely budged over the past week, despite the expected demand surge due to the Independence Day holiday. AAA predicted that more than 43 million people would hit the road to celebrate the nation’s birthday. Despite the record number, the national average for a gallon of gas drifted two cents lower since last week to $3.52. “Gas prices may rise over the next few days based on slightly higher demand,” said Andrew Gross, AAA […]

July 6, 2023 129

Business & Lifestyle

Stocks rise after strong first half of 2023

NEW YORK (UPI) -- The U.S. stock markets closed early Monday in observance of the Fourth of July holiday with the Dow, S&P 500, and NASDAQ all rising. Monday marked the start of the second half of 2023 and added to a strong first half for the markets. The Dow Jones Industrial Average rose 10.87 points, or 0.032%, to close at 34,418.47. The S&P 500 was up 5.21 points, or 0.12%, closing at 4,455.59, and the NASDAQ Composite jumped 28.85 points, […]

July 3, 2023 119

Business News

Addressing challenges with effective fleet management

In the world of logistics, ensuring customer satisfaction is paramount, Delivering products on time and in optimal condition plays a pivotal role in building a strong brand reputation and fostering customer loyalty. However, there are instances when truck fleet management can affect customer satisfaction. When customers express dissatisfaction with their deliveries, companies must address their concerns promptly and effectively. Apologizing for any inconvenience caused is the first step in resolving the issue. But, as the customers share their complaints, every […]

July 3, 2023 101

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Business News

LLCU completes purchase of Colchester State Bank

Six methods to improve factory management accountability

Federal Reserve starts new instant payment system

New business security threats coming in 2024

Illinois hotels report record revenues for FY23

AI is more helpful than a hindrance

Gas prices wobble, but not falling

Stocks rise after strong first half of 2023

Addressing challenges with effective fleet management

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Some images copyright United Press International, Capitol News Illinois, Missourinet, Missouri Independent, Public News Service. Other images courtesy of Adobe Stock, Pexels, Pixabay, and Unsplash.

Some rights reserved 2016-2026 Heartland Newsfeed and 2023-2026 Heartland Media Group of Central Illinois & Eastern Missouri.

Content published by Heartland Newsfeed staff is covered by the BipCot NoGov license. This allows use and re-use by anyone except governments and government agents. License on record.

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