DETROIT -- They'll park some corporate jets, cut executive pay and serve up concessions from the United Auto Workers, but Ford Motor Co., General Motors Corp. and perhaps Chrysler LLC also will have to address massive debts to persuade a skeptical Congress to loan them money...Read More
WASHINGTON -- The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed...Read More
NEW YORK -- The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week's big gains. All the major indicators fell more than 7 percent, with the Standard & Poor's 500 index down ne...Read More
NEW YORK -- Retailers who saw Thanksgiving holiday sales drop off as the weekend progressed stepped up online promotions on the day known as "Cyber Monday" to try to get consumers tired of the crowds at stores to keep shopping...Read More
PITTSBURGH — Given the economic downturn, even the most romantic might balk at the $86,609 price tag for the items in the carol, “The Twelve Days of Christmas.’...Read More
HAMILTON, Ohio — Many decades ago, cost-conscious Henry Ford turned to hydroelectric plants to power his car factories like the one by the Great Miami River, near this Cincinnati suburb. That assembly plant is long gone, but the power plant and the technology behind it isn’t...Read More
UPDATED 5:30 p.m. BLOOMINGTON -- Jennifer McCarron couldn’t cram one more frozen dinner into the small work fridge at Business Builders’ downtown office, so the company vice-president replaced the dorm-sized model with a bigger fridge. | Video: The secret life of the refrigerato...Read More
BLOOMINGTON — The current finance director of West Jordan, Utah, will likely become Bloomington’s next city manager. After a nearly four-month search, the Bloomington City Council has offered the top administrative post to David A. Hales...Read More
NORMAL — New technology, an attempt to remain competitive and a push to give a majority of their customers what they want has prompted recent changes in the Comcast basic cable lineup...Read More
BLOOMINGTON – Plow crews worked Monday to clear icy roads and police and rescue workers responded to minor accidents as the first snow of the season closed down schools in communities surrounding the Twin Cities. | Mackinaw couple dies in accident | Bloomington woman dead in Logan Co. wrec...Read More
LeROY — A Normal resident who was recently charged with felony drug possession has resigned her teaching position with the LeRoy school district...Read More
UPDATED 4:45 p.m. CHICAGO -- Illinois Sen. Dick Durbin asked President Bush on Monday to consider commuting former Gov. George Ryan's 6½-year racketeering sentence to time served, standing firm on his appeal for mercy despite an outpouring of criticism. | Durbin's letter to Bush (PDF...Read More
NORMAL -- Illinois State University leaders say it’s no surprise, but still disappointing, that Gov. Rod Blagojevich has taken back a $2.1 million increase planned for its fiscal 2009 budget...Read More
UPDATED 4:30 p.m. TREMONT -- A Mackinaw couple died Monday morning in traffic crash on Illinois 9 and Ropp Road east of Tremont, said Tazewell County Coroner Dennis Conover in a statement...Read More
BLOOMINGTON — On a recent Saturday night, a Mugsy’s Pub employee delivering food was robbed of $427 at gunpoint in northwest Normal. No driver will be carrying that kind of cash around again...Read More
The first snow of the season always seems to catch us a bit unprepared and rusty in our skills, whether it involves how to drive or how to clear the streets and sidewalks...Read More
Congratulations to Central Catholic High School of Bloomington on winning the state football championship in Class 4A, ending the season with a perfect 14-0 record...Read More
