Business News | University of Illinois

Scaling back mail delivery from six days a week to five may be the best bet to stem mounting U.S. Postal Service losses, but could still be a gamble, says a University of Illinois economist who has studied the agencys persistent financial decline.

Tax increases are the only solution to a widening budget crisis that a new study says has landed Illinois among the nations most financially troubled states, a soon-to-be-released report by a team of University of Illinois economists warns.

A University of Illinois business professor who champions programs to combat poverty and promote marketplace literacy has earned an international award, joining past winners that include Mother Teresa and the former vice president of India.

Firms with heavy long-term debt that came due amid the nations recent credit crisis slashed investment more than three times as much as companies whose paybacks ducked the meltdown, a new University of Illinois study found.

Shoppers could see lower prices but less variety to choose from as more manufacturers sell directly to consumers through the Internet, according to new research led by a University of Illinois business professor.