General Electric neon sign.
Jud McCranie / Wikimedia Commons
October 20, 2016

GE Lighting Finalizes Plans To Close Mattoon Plant Next Summer

General Electric Lighting says its plant in Mattoon will close in August 2017, finalizing plans it announced in August.

At that time, the company said the Mattoon plant would close unless employees could come up with an acceptable alternative use.


A Jimmy John's location on University Avenue in Urbana.
Jeff Bossert/Illinois Public Media
September 08, 2016

Jimmy John’s Sells Majority Stake To Equity Firm

The Champaign-based sandwich chain has announced it's sold a majority stake in the company to Atlanta-based private equity firm Roark Capital Group. There will be no changes to management, as founder Jimmy John Liataud will continue to remain as chairman of the company's board and the largest individual shareholder. Financial terms of the deal were not disclosed. 


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