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Murdoch

Business News

Murdoch to step down as chair of Fox, News Corp.

NEW YORK (UPI) -- Rupert Murdoch will step down as board chair of Fox and News Corp. and be succeeded by his eldest son, Lachlan Murdoch, the companies announced Thursday. Rupert Murdoch, 92, will step down from the roles effective mid-November at which point Lachlan Murdoch will become the sole chair of both companies. "On behalf of the Fox and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his […]

todaySeptember 21, 2023 139

Amazon

Business News

Amazon to hire 250,000 workers for holidays

SEATTLE (UPI) -- Amazon announced on Tuesday that it will hire 250,000 people for the upcoming holidays. This year's hiring announcement is 100K more than the company said it would hire during last year's winter holidays. The company said it is hiring full-time, part-time, and seasonal workers for its fulfillment centers and transportation roles throughout the United States. Amazon added 800,000+ jobs since 2018, to add 250,000 more Amazon said it has added more than 800,000 such jobs in the past five years, adding […]

todaySeptember 19, 2023 159

Illinois electric vehicles

Business News

Battery manufacturing plant coming to Illinois

MANTENO (Capitol News Illinois) -- A new battery manufacturing plant is set to open in northern Illinois next year after the state offered more than $330 million in tax incentives to make it happen. Gotion, a Chinese battery manufacturing and development company, announced on Friday that it will build a lithium-ion battery manufacturing facility in Manteno, about 50 miles south of Chicago. The roughly $2 billion project is set to create 2,600 jobs and begin production in 2024. The plant […]

todaySeptember 8, 2023 146

County Market Hy-Vee

Business News

Jacksonville County Market bought by Hy-Vee

JACKSONVILLE -- Iowa-based grocery chain Hy-Vee is coming to Jacksonville as the County Market store on West Morton Ave. was sold Thursday. It was confirmed via multiple sources, including WLDS, of the store's sale. The sale was later revealed to current County Market employees. "This time the rumor is true," Tina Potthoff, senior vice president of communications for Hy-Vee. "We are very excited to come to Jacksonville and be a part of the community." Potthoff declined to provide specific details […]

todaySeptember 8, 2023 252

crop moisture extreme heat humidity

Illinois

Heat wave could slow drought improvement

BLOOMINGTON (FarmWeekNow) -- Soil moisture levels and crop conditions improved significantly the past six weeks. But that pattern could shift as hot and dry conditions are projected to envelope much of the Corn Belt, including Illinois, for at least the next week. High temperatures could fire up well into the 90s with heat index readings into the triple-digits, based on the forecast as of press time. If realized, the hot and dry weather will slow drought improvement, according to Trent […]

todayAugust 18, 2023 1101

LLCU

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 […]

todayJuly 23, 2023 142

Federal Reserve Jerome Powell

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, […]

todayJuly 20, 2023 1051

business

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 […]

todayJuly 18, 2023 113

Illinois

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 […]

todayJuly 11, 2023 119

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