Business Notebook: Hannibal to get a Jimmy John's; Canton loses Riverside Smoke House

Posted: Jan. 16, 2013 4:23 pm Updated: Feb. 7, 2013 4:15 pm

Herald-Whig Senior Writer

Tim Eaton, owner of the Quincy Jimmy John's, has gotten the franchise to open a Jimmy John's in Hannibal, Mo.

"We're working on it. We've looked at some spots but have not signed a lease yet, so we've got a ways to go," Eaton said.

Eaton's son, Will Aubuchon, will run the Hannibal restaurant after operating one in Kirksville, Mo., for the past few years.

Another of Eaton's sons operates three Jimmy John's sites in Florida.

The Quincy restaurant has been open for about 12 years.


Closing in Canton

Riverside Smoke House and Grill continues to operate in Quincy after closing the Canton, Mo., location at the end of 2012..

Owner Ken Rieffer did not return phone calls for comment on the change. When he opened the Quincy Riverside Smoke House and Grill at 222 S. Third last year, Rieffer said the Canton site had been attracting diners from Quincy, Hannibal, Keokuk, Iowa and other communities.



An estimated 41.7 million American workers do not have paid sick leave, according to the Bureau of Labor Statistics. Many of those workers will report to work even when they're sick because they cannot afford a cut in pay, and the Centers for Disease Control and Prevention said that causes the flu and other illnesses to spread. ... The average hedge fund returned only 6.2 percent in 2012, according to Hedge Fund Research. The S&P 500 had a 13 percent annual gain. ... Oil prices have climbed 10 percent in the past month from about $85 a barrel in early December to nearly $94 a barrel. Analysts say the outlook for the next few months calls for prices to ease back into the $90 range. ... Social Security recipients are seeing benefit checks rise 1.7 percent this year. A scheduled 2 percent cut in Medicare spending has been delayed until March at the earliest. ... NASA has awarded a $17.8 million contract to Bigelow Aerospace to manufacture an expandable module for the International Space Station. Founded in 1998, Bigelow put prototypes into orbit in 2006 and 2007.


The good

Illinois coal producers had their best year in nearly two decades last year, with 47 million tons or ore extracted, up 24 percent compared with the 2011 total. National coal production was down 4 percent.


The bad

Agriculture Secretary Tom Vilsak designated 597 counties in 14 states as primary natural disaster areas because of drought and heat. Farmers and ranchers in those counties will be eligible for low interest emergency loans as a result.


The ugly

Credit rating firm Fitch announced last week that the United States faces a "material risk" of its credit rating being downgraded from AAA if the debt ceiling talks next month result in gridlock.


Quote of the Week

"They're quick learners, and they're team players. There are leaders with discipline, training and passion for service."

-- Wal-Mart spokesman Dave Tovar, on the company's announcement it will hire more veterans and buy more U.S.-made products