Expedia buying Orbitz for about $1.33 billion

(AP) — Expedia is buying rival online travel site Orbitz for approximately $1.33 billion to extend its reach in the travel-booking industry. It’s Expedia’s second major deal in the past month as the industry consolidates. Expedia announced the $280 million acquisition of another rival, Travelocity, in late January. Orbitz owns CheapTickets, HotelClub. Expedia owns Hotels.com […]

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Caterpillar to announce Peoria headquarters plan

PEORIA, Ill. (AP) — Caterpillar Inc. is to announce plans for its headquarters campus in downtown Peoria on Feb. 20. The company began work on the plan almost two years ago. Assistant City Manager Chris Setti told the Journal Star (http://bit.ly/1vJiXdG ) the city is looking forward to hearing the company’s plans and is optimistic […]

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Wisconsin picks bid winner for massive state office project

MADISON, Wis. (AP) — A group with Midwest ties has been chosen to redevelop a massive site planned as the new home for Wisconsin’s Department of Transportation. The project would replace the existing 400,000-square-foot Hill Farms state office building in Madison with another that’s 600,000 square feet. It would be Wisconsin’s largest state-owned office building […]

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Western Illinois cold storage facility to hire 150 workers

MONMOUTH, Ill. (AP) — A western Illinois cold storage facility plans to hire 150 employees over the next three to six months. The (Monmouth) Review Atlas reports (http://bit.ly/18QDEK2 ) that Cloverleaf Cold Storage on Wednesday announced that the Monmouth (MON’-muhth) business will have a job fair on Saturday. Construction started on the facility last spring […]

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Pfizer buying Hospira for about $15.23 billion 


(AP) — Pfizer is buying Hospira for approximately $15.23 billion, saying it is a good fit with its established global pharmaceutical business. The buyout will also help Pfizer tap into the growing market for biosimilars, which are cheaper versions of biologic drugs that are used to treat conditions such as anemia. Shares of both companies […]

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Motorola Solutions tops Street 4Q forecasts

SCHAUMBURG, Ill. (AP) — Motorola Solutions Inc. (MSI) on Wednesday reported fourth-quarter net income of $201 million. The Schaumburg, Illinois-based company said it had net income of 87 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.25 per share. The results exceeded Wall Street expectations. The average estimate of analysts surveyed […]

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Kohl’s advances as 4Q sales metric tops expectations

(AP) — Shares of Kohl’s rose Wednesday after the department store operator said it was pleased with its fourth quarter sales and said its base business improved. The company said a key sales metric rose 3.7 percent in the three-month period that ended on Sunday. The metric, which measures sales at stores open at least […]

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Illinois has most ‘green’ buildings for 2nd straight year

SPRINGFIELD, Ill. (AP) — A national report says Illinois led the nation in building space certified as environmentally friendly for the second straight year. The U.S. Green Building Council’s report Wednesday named the top ten states for buildings certified as “LEED,” which stands for leadership in building design. Green buildings have a sustainable design, use […]

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Illinois’ original Burger King gets a new owner

MATTOON, Ill. (AP) — An eastern Illinois burger joint with a long history and a familiar name now has a new owner. According to the Mattoon Journal-Gazette (http://bit.ly/1CZZ6r7 ), the owners of what’s known in Mattoon as the original Burger King have sold the restaurant to a local partnership. Gene and Betty Hoots have owned […]

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Unemployment rises in half of Wisconsin cities in December

MADISON, Wis. (AP) — New data shows unemployment rates rose in half of Wisconsin’s major cities last month. The Wisconsin Department of Workforce Development reported Tuesday that preliminary rates for December showed unemployment rose in 16 cities and went down or remained the same in the state’s 16 other major municipalities. Racine had the highest […]

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