Business News | University of Illinois

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.

The recession may be over, but recovery will come slowly for a still-fragile U.S. economy battered by the deepest downturn since the Great Depression, a University of Illinois economist says.