Illinois decouples corporate taxes from federal cuts
Gov. George H. Ryan signs a law ending the linkage that allowed Illinois to piggyback federal depreciation benefits. The move preserves 216 million for state government and 149 million for localities, totaling 990 million over three years, amid economic strain. Labor unions supported decoupling. business groups opposed, arguing for faster growth to raise revenue.
MENTIONED IN THIS ARTICLE
Springfield
George H. Ryan
Illinois
Ryan
Illinois Afl-Cio
American Federation of State, County and Municipal Employees
Illinois Education Association
Illinois Federation of Teachers
Illinois Manufacturers’ Association
Illinois State Chamber of Commerce
Apple executives sold stock before warnings
Apple executives sold stock for millions weeks before earnings warnings that caused shares to fall. The trades, led by CFO Fred Anderson and five others, occurred ahead of two of three warnings since 2000, prompting analysts to call them suspicious though Apple defended the timing as not violating policy or insider rules.
MENTIONED IN THIS ARTICLE
San Jose
Calif
Apple Computer
Apple
Lou Gerber
Thomson Financial
Martin Friedman
Friedman, Billings, Ramsey & Co, Inc
Fred Anderson
Anderson
Securities and Exchange Commission
Avie Tevanian
Lina Tamaddon
Nancy Heinen
Jon Rubinstein
Mixed May unemployment in Southern Illinois shows uneven gains
In May the region saw nine counties with falling jobless rates and seven with increases. Analysts cite a diverse economy with gains in construction and manufacturing offset by declines in service and mining due to weather, mine closures, and summer layoff patterns. No county posted double-digit unemployment.
MENTIONED IN THIS ARTICLE
Southern Illinois
Illinois
Consol
Rend Lake
Wessell
Alexander
Pulaski
Massac
Union
Johnson
Pope
Hardin
Gallatin
White
Hamilton
Saline
Williamson
Franklin
Jackson
Perry
Randolph
Jefferson
Washington
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By Anthony Man
Springfield Bureau
Rend Lake College
Clearanc
Bargain Woods
Top Lite
Iea
Fairway
Woods
Irons
Dywock
College Veakiee Mace
Mt. Vernon
Holiday Inn
Potomac Blvd
Tom Mikutis
HIPPO
Hippo Plus
Adam’s Glass Company
Ates
Harrisburg
Lightfoot Farms
Jackson Sq
North Murphysboro
Kathryn Charling
James Pavlovich
M.D
Kurt Martin
Patricia Dillard
N.P
Association of
Tandy Korte, M.D
Korte
University of Illinois College of Medicine
University of Missouri
W. Main Street
Carbondale
Carbondaleclinic.com
Mali
Financial Prospects
SEC
Beveridge Dispensers
Lipid Analysis, Inc
Per Carton
Kentucky
Paducah, KY
Brookport Bridge
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