CHICAGO (AP) - Insurance brokerage company Arthur J. Gallagher is getting nearly $21 million in state incentives to keep its headquarters in Illinois. Crain's Chicago Business reports the tax credits and other incentives hinge on the company retaining more than 800 jobs and adding 500 as it moves the headquarters from Itasca (eye-TAS'-kuh) to Rolling Meadows. Both are in the Chicago suburbs.
SPRINGFIELD, Ill. (AP) - Illinois' public university presidents have spelled out the things they'll be forced to do if the state's temporary tax increase expires in January. They tell lawmakers the financial strain will mean higher tuitions and larger classes with more being taught by adjunct professors instead of more highly paid tenured professors.
CHICAGO (AP) - The Illinois unemployment rate fell in January even though the state lost more than 27,000 jobs from the previous month. The rate of 8.7 percent was down from December's 8.9 percent. Officials say all the snow and cold limited the number of construction jobs and the end of holiday shopping hurt the retail sector.
SEATTLE (AP) - Chicago-based Boeing is freezing the traditional defined-benefit pensions for 68,000 employees who aren't in a union and were hired before 2009. They'll now have a 401(k)-style retirement plan similar to what union machinists approved in a contentious contract-extension vote earlier this year.
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