Illinois farm groups foresee market growth in Cuba

BLOOMINGTON, Ill. (AP) — Illinois farm groups are looking to Cuba as a growing market for corn, soybeans, pork and other products the state produces, and they see the state’s access to rail and river transportation as an advantage to trade with the Caribbean island nation of 11 million consumers. The thaw in relations between […]

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District sells Gateway Business Park land

By Hillary Gavan hgavan@beloitdailynews.com | 8 comments The School District of Beloit has sold its land in the Gateway Business Park. The Board of Education voted to approve the sale of the property at 1401 Town Hall Road at its Tuesday evening special meeting. Two plots at 26.85 acres each were sold to two buyers, […]

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Wisconsin ranks 32nd in private-sector job growth

MADISON, Wis. (AP) — Wisconsin ranks 32nd in private-sector job growth and lags behind the national average for the 12-month period that ended in June, according to the latest figures released Thursday by the U.S. Bureau of Labor Statistics. The numbers are consistent with where Wisconsin has ranked in recent years. The measurement is based […]

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Illinois jobless rate falls to 6.4 percent

CHICAGO (AP) — The Illinois Department of Employment Security says the state’s unemployment rate fell in November to its lowest level since June 2008, hitting 6.4 percent. The department said Thursday in its monthly report on the state’s jobs picture that the rate fell even though more of the state’s unemployed were seeking work. Unemployment […]

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Caterpillar sees Cuba relations as an opportunity

PEORIA, Ill. (AP) — Caterpillar Inc. sees President Barack Obama’s change in U.S. policy toward Cuba as a potential business opportunity. Bill Lane is the Peoria-based heavy equipment-maker’s global government affairs director. He says the president’s decision to establish diplomatic ties with the island nation is an important step. Lane says that if longstanding trade […]

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Granite Peak owner proposing $50M expansion

WAUSAU, Wis. (AP) — The owner of Granite Peak in Rib Mountain State Park is proposing a $50 million expansion that would add lodging and more than a dozen new ski runs to the grounds. Charles Skinner wants to expand the leased portion of the ski area from 415 acres to 565 acres to add […]

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CIty buys building at Big Hill

By Shaun Zinck szinck@beloitdailynews.com Beloit city councilors voted Monday night to purchase the Girl Scouts building located at Big Hill Park. The building was constructed on city-owned property through a 99-year lease the city and the Girl Scouts Badgerland Council entered into in 1997. The Girl Scouts offered to sell the building — valued around […]

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Deere dips on shaky outlook for fiscal 2015

(AP) — Deere’s fourth-quarter results were stronger than Wall Street expected but it says its farm equipment sales and profits will keep falling in its new fiscal year as the sector remains weak. Its shares slipped in midday trading on Wednesday. The world’s biggest farm equipment supplier says its annual net income will drop about […]

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Oshkosh Corp. building plant in Mexico

OSHKOSH, Wis. (AP) — Oshkosh Corp. is building a $100 million manufacturing plant in Mexico that will employ about 1,000 people. The company’s announcement comes as it cuts several hundred jobs in its defense industry division in Oshkosh by year’s end. Oshkosh Corp. spokesman John Daggett says the plant in Leon, Mexico will make vehicle […]

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Kohl’s misses 3Q revenue forecasts

MENOMONEE FALLS, Wis. (AP) — Kohl’s Corp. (KSS) on Thursday reported net income of $142 million, or 70 cents per share, in its fiscal third quarter. The company, based in Menomonee Falls, Wisconsin, posted revenue of $4.37 billion in the period, which did not meet Street forecasts. Analysts expected $4.42 billion, according to Zacks. Kohl’s […]

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