Economy

Economy

Lot for sale even as county, owner wrangle over taxes

CHAMPAIGN — A legal dispute between the county and the owner of a weedy, fenced-in property at a major Interstate 74 gateway into Champaign is awaiting a resolution by an appellate court.

Meanwhile, this 4-acre piece of ground at 1505 N. Neil St. is sporting a new red for-sale sign and a $1.7 million price tag.

Americans buy existing homes at fastest pace in a decade

WASHINGTON (AP) — Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007.

Home sales rose 3.3 percent in January from December to a seasonally adjusted annual rate of 5.69 million, the National Association of Realtors said Wednesday.

Owner of Burger King, Tim Hortons buying Popeyes for $1.8B

NEW YORK — The parent company of Burger King and Tim Hortons is buying Popeyes for $1.8 billion, with plans to accelerate the growth of the fried-chicken chain.

Eurozone economy seen running at near 6-year high

LONDON (AP) — Economic growth in the 19-country eurozone accelerated in February to a near six-year high, a closely watched survey found Tuesday.

In its monthly survey of economic activity across the region, financial information company IHS Markit also said job creation was the best for nine and a half years, as order books and business optimism continued to pick up.

Yahoo salvages Verizon deal with $350 million discount

NEW YORK (AP) — Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts.

Jim Dey: He's got a vested interest in state budget deal

Greg Baise isn't one of the brawlers in the 20-month-old state budget scrum between Republican Gov. Bruce Rauner and Democratic House Speaker Michael Madigan, but he's sure got a dog in the fight.

Lincoln Square: From epicenter to comfort space

Just before 10 o'clock on a recent February Friday morning, Chelsey Campbell is standing near what used to be the entrance to the original Carson Pirie Scott department store. Today, Tang Dynasty, a Chinese restaurant a few feet to her left is the marquee establishment at that entrance. Inches away to her right is a "For Lease" sign for the available space inside Lincoln Square.

Development in North Prospect corridor gaining steam

CHAMPAIGN — There's more in store for the commercial strip along Champaign's bustling North Prospect Avenue.

Green Street Realty — which has already developed one retail center on the west side of Prospect with a newly opened Taco John's restaurant — has staked a claim on the east side of the road.

Kraft Heinz in talks with Unilever after first bid rejected

NEW YORK — Kraft Heinz is attempting to buy Unilever in a $143 billion deal that would join the U.S. maker of cheeses and lunch meats with the European producer of mayo, teas and seasonings in a global powerhouse.

Monticello Bootcamp teaches entrepreneurial essentials

MONTICELLO — About two years ago, Samantha Koon loved the idea of opening a wine bar.

She still does, but the Monticello businesswoman has since launched a gourmet meal delivery service (Gourmet to Go), and soon will open a boarding house (Zybell House) and home decor and gift shop (Monticello Mercantile).