An amendment to a bill that ironically reforms TIF practices in the state seeks to extend the Sears EDA for an additional 15 years. more ›

After making a big fuss over coming to Illinois to talk to businesses and to try to get them to relocate to the Garden State, New Jersey governor Chris Christie has indicated that the war between him and Pat Quinn isn't quite over. more ›

As we discussed last week, New Jersey Governor Chris Christie and his roving band of job thieves are ridin' through town, a-whompin' and a-whumpin' every livin' thing that moves within an inch of its life. The trip is part of Christie's "this is not a PR stunt" plan to lure Illinois jobs away from the state due to the recent income tax increase. However, Christie himself acknowledges that New Jersey's tax rate, which is higher than neighbor state Pennsylvania's, is not a reason for jobs to leave New Jersey. more ›

Ford Motor Company and the Chrysler Group LLC, are opposing a proposed free trade agreement with South Korea, saying that the treaty would open the American market to South Korean-produced vehicles without doing enough to open the Korean market to American exports. more ›

The Obama Administration announced late Thursday that it would offer up to $5 billion in revolving credit to guarantee payments owed to thousands of auto parts suppliers. The funding, which doesn't inject cash directly into businesses, will provide liquidity to keep an industry that supports some half a million jobs operating. Both General Motors and Chrysler will also kick in five percent, or about $250 million each. more ›

On Tuesday a European Union trade committee approved temporary anti-dumping and anti-subsidy duties on imports of biodiesel from the United States. One of the companies affected by this decision is Archer Daniels Midland (ADM), which is headquartered in Decatur, Illinois. ADM will face a tariff of 26 euros (about $32) per 100 kg of biodiesel imported, beginning March 13. The tariffs are the latest salvo in an ongoing trade dispute that has been simmering between Brussels and Washington. "If ... these duties will be imposed, then this proves our complaint was well founded," Raffaello Garofalo, secretary general of the European Biodiesel Board, told Reuters. "This will re-establish a level playing field and put an end to unacceptable and artificial prices created by U.S. biodiesel producers." more ›