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Access to capital a problem for minority entrepreneurs

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bustos roundtable2Small and minority owned businesses have difficulty getting access to federal and state startup funding, a small group told there local congresswoman during a roundtable discussion Monday in Peoria.

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By the Numbers: Valentine's Day

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census logoExpressing one's love to another is a celebrated custom onValentine's Day....

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Cat maintains cash dividend rate

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600px Caterpillar logoCaterpillar Inc. will maintain its quarterly cash dividend of 77 cents a share, according to a vote by the company's board of directors on Wednesday.

The dividend will be payable Feb. 20, 2016, to stockholders of record at the close of business on Jan. 20, 2016,...

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Downtown's largest hotel will re-open next year

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After being closed to the public for nearly two years, The Four Points by Sheraton Hotel will soon be able to reopen. 

fourpointsHawkeye Hotels, an Iowa-based hotel development company, announced it has purchased the foreclosed hotel from a private lender and plans to work closely with...

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Survey shows fewer plan to gift co-workers this year

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ThinkstockPhotos 481436474Despite a predicted uptick in consumer spending during the months of November and...

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NRF forecasts retail sales to grow 3.1% in 2016

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nrf logoThe National Retail Federation said Wednesday it expects retail sales, excluding automobiles, gas stations and restaurants, will grow 3.1 percent in 2016, which is higher than the 10-year...

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These sculptures have a definite local flair

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catsculpture2Welders would probably tell you there is a definite element of art that goes into their work. For sure, a good vision would be an asset when making sure pieces go well together.

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Cat announces more restructuring moves; EP plant to close

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Caterpillar Inc. announced Friday it will, as anticipated, close one of its oldest existing buildings in East Peoria as well as place additional employees on indefinite layoff.

Caterpillar announced Building HH in East Peoria will close by the end of 2018, a move the company said earlier was being contemplated. That closure will affect 230 jobs. Also, an additional 120...

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Cat's Oberhelman to chair Business Roundtable

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oberhelmanDoug Oberhelman, chairman and CEO of Caterpillar Inc., will become chairman of the Business Roundtable on Jan. 1, the organization announced Wednesday.

Oberhelman will serve a two-year term as chairman of the...

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No surprises in Cat year-end financial report

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600px Caterpillar logoCaterpillar Inc. ended 2015 about where it expected, with lower sales and profits reflective of the global economy and weakness in the markets it serves, and it expects 2016 to be similar, the company announced Thursday.

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Cat puts silver lining in latest announcement

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600px Caterpillar logoCaterpillar Inc. says there is a silver lining in its announcement made late Thursday about more job losses, including the likelihood that Building HH in East Peoria will be closed.

The announcement brings to just over 2,000 the...

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Home sales strong in 2015; prices up slightly

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soldPeoria-area home sales were at their highest in eight years in 2015 while prices continued to climb, albeit slightly, according to the Peoria Area Association of Realtors.

There were 5,479 housing units sold in 2015, a 6.6 percent increase from...

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OSF increases minimum wage for its employees

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osf logoOSF HealthCare announced Thursday it will set the minimum wage for employees across its entire system at $10 an hour, well above both the federal minimum wage and that of the two states where it operates.

The increase will take...

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Cat names new group president; first woman in that role

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denise johnsonDenise Johnson has been elected a group president at Caterpillar Inc., the company announced Friday. She was elected by the company’s board of directors.

Johnson will begin her duties April 1, replacing Group President Ed Rapp, who will retire.

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Cat report shows smaller profit after sales fall in Q3; 2,100 accept buyout

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600px Caterpillar logoMore salaried employees and managers accepted Caterpillar Inc.’s early buyout offer than even the company expected, but it still left with some tough choices as it works toward right-sizing itself in the next few years.

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By the numbers: The holiday season

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This festive season, or simply the holidays, is a time for gathering and celebrating with family and friends, gift giving, reflection and thanks. To commemorate...

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Calling all girls! Learn engineering!

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cat girl2For many years girls were discouraged from pursuing careers in engineering....

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It's been a tough year for Illinois manufacturers

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By Mark Fitton

Illinois News Network

capitolSPRINGFIELD — Noting some hard numbers from November, Illinois manufacturers say they’re watching Springfield...

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Caterpillar maintains cash dividend

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Caterpillar Inc. announced Wednesday that it will maintain its quarterly cash dividend at 77 cents per share of common stock.

The company’s board of directors voted to maintain the dividend during its quarterly meeting in Peoria. The dividend will be payable Nov. 20 to stockholders of record at the close of business on Oct. 26.

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ALS forces Cat officer into early retirement

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edrappEd Rapp, a group president at Caterpillar Inc. since 2007, announced Friday he will retire earlier than he’d planned after being diagnosed with Amyotrophic Lateral Sclerosis, better known as Lou Gehrig’s Disease.

Rapp, 57, will retire early in 2016, after his replacement is named to ensure...

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Customer satisfaction going down

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acsi logoCustomer satisfaction at the national level is at its lowest point in nine years,...

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