Economy

Economy & Business news

WVIK Staff

After four years and $15 million, plans to bring a Wal-Mart store to Rock Island have been canceled. Yesterday, the company announced it will not "pursue development of a new store" at the Watch Tower Plaza site on 11th Street.

Michelle O'Neill / WVIK News

Walmart says it will not build a new store in Rock Island. This afternoon, the company announced in a news release, it will not "pursue development of a new store" at the former Watch Tower Plaza on 11th Street.

in collaboration with summer 2016 data visualization course, Dept. of Computer Science, NIU (Mohammed Jaffer Ali)

In just four years, thousands of video gambling machines have popped up in bars and restaurants across Illinois, providing revenue for local and state governments, and competition for casino boats.

WVIK News / WVIK News

Work will begin soon to convert more old buildings in downtown Davenport into more loft apartments. Wednesday developers John Ruhl and John Carroll broke ground for the Pershing Hill Lofts, at Pershing Avenue and East 5th Street.

Renew Moline and the City of Moline

Without knowing when Amtrak service will finally connect the Quad Cities with Chicago, the city of Moline continues to move forward with the design of its train station. Tuesday morning, city officials and Renew Moline unveiled a new logo for "The Q," or the Quad Cities Multi-Modal passenger rail station.

clipart from the National Crime Prevention Council

This Week on Midwest Week, a look at a little-known part of our legal system - evictions and eviction court.Herb Trix's guest is Linda Cook, reporter for the Quad City Times.

You can also hear Midwest Week Fridays on WVIK at 6:20 pm, during All Things Considered. 

Unemployment Rose in July

Aug 25, 2016

Unemployment increased in the Quad Cities in July - rising from 5.4 per cent a year ago to 5.6 per cent last month. And of the 13 major metro areas in Illinois, ours was the only one where the rate went up.

John Deere

John Deere has announced more layoffs at two eastern Iowa plants, including one in the Quad Cities. Spokesman Ken Golden says 115 workers in Waterloo will be laid off, effective September 23rd and in Davenport, a week later.

Deere & Company

As expected, sales and profits fell in the third quarter for Deere and Company. Today it reported sales for May through July dropped 11 per cent, and net income fell to 489 million dollars, compared with 511 million for the same quarter last year - a drop of 4 1/2 per cent.

Spokesman Ken Golden says sales of Deere farm and landscape equipment decreased eleven percent in the third quarter, year over year. And the company predicts they'll drop eight per cent for the full year.

Adjusting to lower demand, the company will lay off 120 workers at the Deere Harvester combine factory in East Moline. The layoffs will take effect right after Labor Day.

Ten X

The Sandburg Mall in Galesburg may soon have a new owner. An online auction of the shopping mall ended last night with a high bid of 650,000 dollars.

That's according to a real estate agent, as quoted by the Galesburg Register Mail. The agent says it could take a month or longer to finalize the sale, and then the name of the buyer could be released.

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