Business News in Brief

Print Article

Marketing specialist hired

Blackhawk Bank has announced the addition of Caitlin Ludwig as marketing specialist.

Ludwig will work out of the Blackhawk Bank office at 5206 Elevator Road, Roscoe.

Ludwig most recently was the alumni coordinator at Rockford College. Before that, she was executive director of IGNITE, the region’s young professional group.

She will be in charge of the bank’s social media and public relations initiatives, as well as assisting in the planning of client and employee events. She will be working with employees from all eight branches to continue to promote Blackhawk Bank’s work and its commitment to community.

Ludwig is a graduate of Illinois Wesleyan University in Bloomington, Ill.. She is pursuing her master of arts degree in organizational leadership at Lewis University in Romeoville, Ill.

Blackhawk Bank, based in Beloit, has banking centers in northern Illinois and southern Wisconsin.


Janesville gets Lonnie’s

JANESVILLE — Lonnie’s Carpet Max, based in Rockford, has opened a new location in Janesville.

The new store, called Lonnie’s Flooring Outlet, is at 2834 Pontiac Drive, Janesville. It features flooring products including carpet, ceramic tile, hardwood, area rugs and laminates.

“When we have excess inventory, it just sits in our Rockford warehouse,” said owner Lonnie Presson. “We decided it made more sense to open an outlet so  we can move the product, while at the same time, Janesville shoppers can get a great deal.”

Lonnie’s Carpet Max started as a carpet installer in 1971. In 1986, it opens Lonnie’s Carpet Max. The current Rockford location is at 6551 E. Riverside Blvd.


Joy Global lays off 150

MILLERSBURG, Ky. — A central Kentucky mining equipment plant is laying off 150 employees by October.

The Joy Global plant in Millersburg in Bourbon County makes original equipment feeder breakers, parts and components. The company said the work will be moved to a plant in Longview, Texas. State records show it has been in operation since 1953.

Vice President of Marketing Mark Finlay told the Lexington Herald-Leader that with the closing of mining sites in the area, Joy Global is reviewing all its plants. He said the company expects to maintain a presence in Millergburg, with 37 employees remaining in engineering, sales and marketing.

The company laid off more than 80 people at its Lebanon plant last year.

Bourbon County Judge-Executive Donnie Foley said the layoffs will be devastating to Millersburg.

Joy Global is based in Milwaukee and formerly was the mining division of Harnishfeger, which was the the parent company of Beloit Corporation.


PC sales to shrink

NEW YORK (AP) — Research firm IDC says sales of personal computers will continue to shrink this year after a grim 2012, as consumers flock toward tablets.

IDC expects global PC sales to contract 1.3 percent this year after falling 3.7 percent last year.

For the U.S., IDC expects the third year in a row of contraction, while sales will continue to grow, albeit slowly, in the developing world.

PC makers had hoped Windows 8, which Microsoft launched in October, would help make the personal computer appealing again. But the new operating system hasn’t helped, IDC notes.

A shaky global economy is contributing to the weak sales, IDC analysts say.

Print Article

Read More Business

Grad donates $50M to St. Joseph's University in Philadelphia


July 20, 2017 at 7:44 am | PHILADELPHIA (AP) — A graduate of St. Joseph's University in Philadelphia has given $50 million to the Roman Catholic university, the largest gift in the school's history. The university plans to...


Read More

Markets Right Now: US stocks open higher on Wall Street


July 20, 2017 at 7:38 am | NEW YORK (AP) — The latest on developments in financial markets (All times local): 9:35 a.m. Major U.S. stock indexes are inching further into record territory early Thursday, led by more gai...


Read More

US weekly requests for jobless aid fall to 233,000


July 20, 2017 at 7:11 am | WASHINGTON (AP) — Fewer Americans applied for jobless aid last week, as the number of people seeking benefits stays near historic lows pointing to a robust job market. THE NUMBERS: Weekly unemplo...


Read More

BC-TN-Tennessee Livestock, TN


July 20, 2017 at 7:07 am | NV—LS139Tennessee Daily Composite Market Report, USDA-TN Dept of Ag Market NewsReported auctions on Wednesday, Jul 19, 2017 at Knoxville, Savannah, andSweetwater.Receipts: 1,489 Last Week 1,959...


Read More

Contact Us

(608) 365-8811
149 State Street
Beloit, WI 53511

©2017 Beloit Daily News Terms of Use Privacy Policy