Caterpillar 4Q results mixed, 2015 outlook disappoints

PEORIA, Ill. (AP) — Caterpillar took a hit in the fourth quarter from restructuring costs and the heavy machinery maker issued a weak outlook for 2015, citing the tumbling price of commodities. Shares slumped more than 7 percent Tuesday before the markets opened. The company is cutting costs as it tries to offset problems that […]

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Buffalo Wild Wings flying into Beloit

The former Atlanta Bread building, at 2747 Milwaukee Road, has been sold and the new owner has received a lease from Buffalo Wild Wings to convert the building into the new restaurant. Drew Pennington, Beloit director for planning and building services, said the city is currently reviewing the plans. The owner has submitted a Conditional […]

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Amtrak studying possible Danville-to-Quad Cities route

DANVILLE, Ill. (AP) — Amtrak is studying potential rail service between Danville and the Quad Cities. The News-Gazette reports (http://bit.ly/1EmN7pq ) that the service was listed among Amtrak’s expansion planning projects in the railway’s 2014 fiscal-year report. The service would include stops in Champaign-Urbana, Bloomington-Normal, Peoria and Galesburg. Brian Williamsen is a spokesman for the […]

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United Airlines says it will ‘insource’ airport jobs too

CHICAGO (AP) — United Airlines, which is considering outsourcing up to 2,000 airport jobs, now says that after talking with union leaders it will bring back other jobs that had been turned over to contractors. In a letter to employees Wednesday, Senior Vice President of Airport Operations Jon Roitman said United will complete “insourcing” work […]

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Stateline Area Bankruptcies Dec. 2014

Bankruptcies Below are the initial filings of bankruptcies in Rock and Winnebago Counties, for the dates specified. ROCK COUNTY CHAPTER 7 Dec. 1 Alex S. Rouch; 202 South Ave., Edgerton; Case No. 3-14-15029 Dec. 4 Todd A. Moser; 1621 South Ridge Drive, Janesville; Case No. 3-14-15029 Jennifer J. Moser; 1621 South Ridge Drive Janesville; Case […]

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Walgreen fiscal 1Q profit jumps 16 percent, tops forecasts

Stronger sales from established stores helped Walgreen trump analyst expectations for its fiscal first quarter, and the nation’s largest drugstore chain said its acquisition of European health and beauty retailer Alliance Boots remains on track to close later this month. Shares of the Deerfield, Illinois, company started climbing early Tuesday morning, shortly after it released […]

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Plant to bring 140 new jobs

By Shaun Zinck szinck@beloitdailynews.com | Posted: Saturday, December 20, 2014 10:00 am A large national manufacturer is planning to open a facility in Beloit that could create up to 140 new jobs for the city. Georgia-based Pratt Industries will construct a 350,000 square-foot plant on 56 acres of land in Beloit’s Gateway Business District. The […]

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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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Stateline Area Building Permits Sept. 2014

BUILDING PERMITS Rock County City of Beloit Residential New Construction 1523 Keep St.; John Hereford; No fee listed 321 Ridgeland Ave.; School District of Beloit; $140 Residential Addition 2552 Shopiere Road; Stephen C. Werner; $75 2366 Wood Drive; Jason Walker; $75 Residential Alterations/Conversions 1804 St. Lawrence Ave.; Robert W. Zechlin; No fee listed 817 Cleveland […]

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