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    Business

    Auora-based supplier of expired beef in China apologizes

    An electronic screen shows the safety record of Shanghai Husi Food Co., a meat supplier owned by an Aurora company for McDonald and KFC, in Shanghai, China.

    Jul 24, 2014 6:58 AM

    The chairman of an Aurora-based meat supplier apologized Thursday for a Chinese subsidiary that is accused of selling expired beef and chicken to restaurants including McDonald's and KFC. Fast food chains in China suspended use of products from Shanghai Husi Food Co. after a television station reported last weekend it repackaged and sold meat past its use-by date. “What happened at Husi Shanghai is completely unacceptable. I will not try to defend it or explain it,” said Sheldon Lavin, chairman and chief executive of Aurora-based OSI Group, which owns Husi Food.

    Business

    Illinois outlook cut to negative by S&P on deficit concerns

    Illinois, the lowest-rated U.S. state, had its outlook dropped to negative on Wednesday by Standard & Poor’s, which cited the prospect of budget deficits and questions over whether pension overhaul measures will survive legal challenges.

    Jul 23, 2014 3:04 PM

    Illinois, the lowest-rated U.S. state, had its outlook dropped to negative on Wednesday by Standard & Poor’s, which cited the prospect of budget deficits and questions over whether pension overhaul measures will survive legal challenges.

    Business

    Elgin assisted-living facilities break ground

    Elgin Memory Care, which will have 56 assisted living and 24 memory care apartments, is being built by Bright Oaks Group at the intersection of Shannon Parkway and Daisy Lane in Elgin.

    Jul 23, 2014 5:15 AM

    Two new nursing and rehab facilities are being built in Elgin and are expected to open sometime next year. Elgin Memory Care, a nursing and personal care facility at Shannon Parkway and Daisy Lane, should be completed by next summer; Addison Rehabilitation and Living Center, a skilled nursing facility at 1760 Capital Street, might be done by early next year. Both are on Elgin's west side.

    News

    Court endorses Illinois electricity surcharge

    Illinois regulators can force electricity customers to help pay for the $1.6 billion FutureGen clean-coal project, a state appeals court said in a ruling Tuesday.

    Jul 23, 2014 8:07 AM

    Illinois regulators can force electricity customers to help pay for the $1.6 billion FutureGen clean-coal project, a state appeals court said in a ruling Tuesday. The 2-1 decision handed down by the Illinois Appellate Court OKs a state plan to charge electricity customers an estimated $1 to $1.40 a month to help pay for the long-delayed project. FutureGen would refit a western Illinois coal plant with technology to remove carbon dioxide before the coal is burned and store the CO2 underground.

    Business

    Boeing boosts 2014 forecast as jetliner deliveries boom

    Chicago-based Boeing Co. raised its full-year profit forecast as the world's biggest planemaker reaps gains from faster production that is driving jetliner deliveries to record levels.

    Jul 23, 2014 11:11 AM

    Chicago-based Boeing Co. raised its full-year profit forecast as the world's biggest planemaker reaps gains from faster production that is driving jetliner deliveries to record levels. Earnings for 2014 excluding some pension expenses will be in a range of $7.90 to $8.10 a share, Boeing said today, compared with a previous projection for $7.15 to $7.35. Second-quarter profit on that basis of $2.42 a share beat the $1.98 average of 20 analysts' estimates compiled by Bloomberg.

    Business

    Palatine welcomes electronics maker

    Workers use equipment to manufacture custom computer hardware at the new headquarters of Aimtron on Vermont Street in Palatine.

    Jul 22, 2014 7:48 PM

    More than one hundred customers, business associates and well-wishers gathered at the new world headquarters for electronics manufacturer Aimtron Tuesday morning, as company executives and local politicians celebrated the company’s move to Palatine.

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