Economy

Economy & Business news

Welcome Back, Lunardi's

Jun 15, 2017
Lunardi's

Six months after fire closed a popular Quad Cities restaurant, it's re-opened. A ribbon cutting was held Wednesday in Davenport for Lunardi's Italian Restaurant.

A former employee of John Deere will go to prison for cheating the company. Tuesday in federal court in Rock Island, Harvey Ulfers was sentenced to two years and nine months following his guilty pleas to wire fraud and money laundering.

Downtown Davenport Partnership

Millions of dollars worth of new projects were completed in downtown Davenport this year, and millions more are under construction. That was the message Thursday during the annual meeting of the Downtown Davenport Partnership. 

Campaign to "Hire Local"

Jun 8, 2017
Local 25 Plumbers and Pipefitters

"Quad City Built, Quad City Strong" - that's the slogan for a new campaign promoting the benefits of hiring local workers. The campaign, in print, television, on billboards, and in social media is sponsored by Local 25 in Rock Island of the Plumbers and Pipefitters union.

Michelle O'Neill / WVIK News

This spring, John Deere has been showing off next year's new product lines, which include a new, S-700 combine series. This morning at the Harvester Works in East Moline, company employees hosted dozens of reporters from all over the country for Deere Media Day.


Unemployment dropped sharply in the Quad Cities in April, falling from 5.3 per cent a year ago to 4.1 per cent last month. 

The Iowa Utilities Board wants to know what customers of Alliant Energy think about its request to raise rates. Starting Tuesday the board will hold eight public comment meetings across the state as it considers a possible 12.5 per cent increase.

Thanks to a strong second quarter, Deere and Company has raised its outlook for the year. Friday the company reported earnings rose to $802 million or $2.49 per share, compared to $1.56 a year ago.

Lewis Machine and Tool Company

The state of Iowa will help preserve jobs in Dubuque, and help a Quad Cities company move and expand. Friday the board of the Iowa Economic Development Authority awarded direct financial assistance and tax benefits to a total of eight companies for job creation and expansion projects. 

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