Economy & Business news


Residents and business owners can help plan the future of one of Moline's busiest streets. Wednesday night the city will hold an open house to look at possible future plans for the Avenue of the Cities.

It may not seem like it, but rising unemployment in the Quad Cities at the beginning of the new year signalled a strong economy. Unemployment here rose to 5.5 per cent in January, from 5.1 per cent a year ago.

Bustos Leads New Caucus

Mar 13, 2019
Office of Cheri Bustos

Illinois Congresswoman Cheri Bustos has helped organize a new "interest group" in the US House. Wednesday she announced the formation of the Air Cargo Caucus, a bi-partisan group of House members with large air cargo operations in their home districts.

The Quad Cities is no longer under consideration for hundreds of federal jobs scheduled to leave the Washington DC area later this year. Tuesday the US Department of Agriculture announced the list of possible sites has been reduced from 136, to 67.

Last summer, Chantil was forced to leave the townhome she shared with her two daughters and her mother in Des Plaines. (We’re withholding Chantil’s last name to protect her family’s privacy.) Her landlord wanted to sell the building, and Chantil had only about a month to find a new home. Landlords, however, kept turning her down because of her credit, and her income. Chantil makes $12 an hour at a department store. / Deere & Company, Investor Relations page

After ten years leading John Deere, Chair and CEO Sam Allen is still convinced the company's best days are ahead. At Wednesday's annual meeting in Moline, Illinois, shareholders elected Deere and Company's board of directors and watched a couple of videos.

Michelle O'Neill reports they also listened to a review of past performance, and how the company will meet new challenges.

Sales and profits rose last year for HNI Corporation. Based in Muscatine, the maker of office furniture and fireplace hearth products reports sales in 2018 went up nearly 4 per cent, and earnings per share rose 5 1/2 per cent. 

A defense contractor wants to expand its plant in Davenport, and it's asked the state and city for help. Cobham Mission Systems plans to spend 67 million dollars, and add 150 jobs.


Thanks to continued growth in residential and commercial building, Bettendorf is financially strong and can keep taxes low. That was the message Wednesday from Mayor Bob Gallagher during his annual state of the city address. / Deere & Company

A year after reporting a loss due to federal tax changes, Deere and Company reports first quarter earnings came in at the second highest level ever.

Deere says from November through January, net income totalled $498.5 million, or $1.54 per share. And sales rose 16% to $6.9 billion.