Economy

Economy & Business news

WVIK News

After recently setting records, passenger traffic has been falling this year at the Quad City Airport. And it's "fighting back" with an advertising campaign and a trip calculator.

Deere and Company

A familiar face has joined the Deere and Company board of directors. Wednesday the company announced the addition of Charles Holliday Junior, currently chairman of Royal Dutch Shell. 

Despite growing revenue from digital services, earnings fell for Lee Enterprises. Wednesday the media company based in Davenport reported financial results for the fiscal year that ended in September. 

Hawkeye Hotels

An important part of the re-development of downtown Davenport has a new owner. Last week, Hawkeye Hotels announced the purchase of the Radisson Quad City Plaza.

https://www.wirtgen-group.com/en/news-media/information-material/ / Wirtgen Group

Now that agencies from more than 20 countries have approved it, Deere & Company has closed its biggest deal.

This morning, Deere announced it officially owns the Wirtgen Group, a German company that makes road construction equipment.

Michelle O'Neill reports.

Deere spokesman, Ken Golden, says the company bought Wirtgen for $5.2 billion to expand and strengthen its Construction and Forestry division.

Michelle O'Neill / WVIK News

People have been spending more more money at local hotels, restaurants, gas stations, and attractions.

submitted / Quad City International Airport

The Quad City International Airport is asking businesses to promote flying rather than driving to other airports.

Michelle O'Neill reports the goal is to increase passenger traffic and help the local airport thrive.

Over the last six years, traffic at the Quad City Airport has dropped more than ten percent. Part of the problem is many people drive to Chicago before they take off. So, Marketing Representative, Cathie Rochau, says the airport decided to create the "Fly Local Alliance." It got input from the Chamber of Commerce Air Service Committee before rolling it out.

submitted / Quad City International Airport

Even without a federal holiday, the Quad City Airport attracted nearly the same number of passengers last month as in October 2016. Traffic dropped only 1% in October with 31,900 people departing from the local airport. But for the year so far, passenger traffic is down nine percent.

https://www.aem.org/AEM/media/docs/Statistics/17-10-USAG.pdf / AEM

The Association of Equipment Manufacturers recently released figures for US tractor and combine sales for last month. Deere posted its October 2017 presentation today. Both reports show increases in retail sales for agricultural equipment. 

Deere Retail-Sales Oct17 by Michelle O'Neill on Scribd

Holiday Shopping Safety

Nov 24, 2017
WVIK News

The holiday shopping season begins in earnest this weekend, and police have some advice on how to enjoy it and survive it safely.

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