Economy

Economy & Business news

Nuclear Plant Refueling

Mar 2, 2015

One of the two nuclear reactors just north of the Quad Cities has stopped generating electricity. Unit One at the Quad Cities Generating Station in Cordova was taken off-line this morning for scheduled re-fueling and maintenance.

Mercer-Muscatine C. Revolv Loan Fund

Construction could start later this year on a new, high-end hotel and convention center in downtown Muscatine. Today members of the Mercer-Muscatine County Revolving Loan Fund approved some help for the 41 million dollar project - the Stanley Hotel and Convention Center.

Deere Annual Meeting

Feb 24, 2015

Shareholders of Deere and Company will gather tomorrow  in the Quad Cities, for the annual meeting at world headquarters in Moline.

http://investor.deere.com/files/doc_financials/quarterly_earnings/2015/Conference-Call-Information-Slides.pdf / John Deere

Deere and Company has been preparing investors for lower profits. And this morning, it announced first quarter earnings totaled nearly $387 million. That's $1.12 per share, compared to $1.81 last year. Worldwide sales declined 17 percent.

"Cautious optimism" may be the best way to describe one local expert's outlook for the local, national, and world economies. This afternoon, Deere and Company chief economist, J.B. Penn gave his annual forecast to the Quad Cities Chamber of Commerce.

QC Chamber of Commerce

Transportation, access to broadband, and workforce readiness were the main topics this week for the Quad Cities Chamber of Commerce, during its annual lobby trip to Des Moines. 

A developer from the Quad Cities plans to renovate a vacant building in downtown Clinton, and turn it into apartments. Tonight Economic Growth Corporation will hold a meeting for contractors and suppliers interested in working on the project. 

RadioShack

Three stores in the Quad Cities are among the nearly 18-hundred that RadioShack is going to close. Last week, the consumer electronics retailer filed for bankruptcy, and announced the list of closings, including 12 in Iowa and about 70 in Illinois.

Russell Construction

Plans are in the works to build new housing for seniors in Moline. Tuesday night, Russell Construction presented plans for a project called The Point, to the city council.

Michelle O'Neill / WVIK News

By the end of next summer, the familiar smell of French fries will greet diners walking up to the former Frank's Pizza in Bettendorf. This morning at Ross' Restaurant, Manager Melissa Freidhof-Rodgers and co-owner, her mother Cynthia Friedhof, announced they will move the home of the Magic Mountain after renovating the old pizza restaurant. It's located near the intersection of 18th Street and 53rd Avenue. Frank's Pizza closed early this month.

Freidhof-Rodgers says construction of a new I-74 bridge requires them to move the 24-hour  restaurant from its home downtown, on 14th Street.

Even the layout of the kitchen appealed to her. She and her parents have been trying to find the right location for the iconic diner for several years.

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