Economy & Business news

Google Maps with added graphics by WVIK News / Google Maps,

Best Buy plans to close its Moline store in the fall. The company has decided not to renew its lease for the store, which is located near South Park Mall.

Earnings and revenue fell for Lee Enterprises in the third quarter. Friday the media company based in Davenport and owner of the Quad City Times, reported net income during April, May, and June of 4.8 million dollars - down from 6.3 million a year ago. / PLA website

Deere and Company plans to buy a South American company that makes planters, sprayers, and other farm equipment.

This morning, Deere announced it has signed an agreement to acquire PLA, which is based in Argentina.PLA is a private company that owns factories in Las Rosas, Argentina and Canoas, Brazil. The 43-year-old company was the first to manufacture self-propelled sprayers in Latin America. Currently, PLA employs about 450 people. / John Deere

More visitors spent more money in the Illinois Quad Cities last year. The Illinois Office of Tourism recently released its statistics for 2017. Last year, people who visited Rock Island County contributed more than $223 million to the local economy, an increase of 2.7% compared to 2016.

Not only did unemployment fall again in the Quad Cities last month, but it fell to the lowest level of any major metropolitan area in Illinois.

"Be patient." That was the message Wednesday from the Illinois Department of Transportation for local residents wondering when passenger rail service to Chicago will start. 

Rebranding Muscatine

Jul 23, 2018
City of Muscatine

Hoping to better promote their city, government and business leaders in Muscatine have come up with a new logo and tagline. 

American Soybean Association

Now that the US has imposed tariffs on many Chinese products, China has retaliated with a 25 per cent tariff on American soybeans. And that has farmers and local officials worried, especially along the Mississippi River where 5 of the top ten soybean producing states are located.

Dollar General has come to Hampton. This weekend, it will celebrate the opening of its newest store, which will employ 6-10 people.

Michelle O'Neill / WVIK News

Congress is working on a new, Water Resources Development Act, and deciding which projects to pay for. That includes fixing locks and dams. A group that represents navigators, shippers, farmers, and others is pleased with the proposed funding and policies in the act, which has passed the House.