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Business & Lifestyle

Crypto lender CRED files for bankruptcy

WILMINGTON, Del. -- A leading cryptocurrency lender is requesting bankruptcy protection as a result of some alleged shady dealings. Cryptocurrency lender CRED Inc. filed for Chapter 11 bankruptcy on Saturday before the United States Bankruptcy Court in Delaware. According to its filing, CRED lists estimated assets between $50 million and $100 million. Their current liabilities range from $100 million to $500 million, but the actual figure is not known. Last month, a cryptic email sent to users states some "irregularities" in […]

todayNovember 9, 2020 77

Business & Lifestyle

ESPN to lay off 300 workers, won’t fill 200 open jobs

BRISTOL, Conn. (UPI) -- ESPN announced Thursday it will lay off 300 employees and will not fill about 200 open positions, marking its largest number of job cuts in five years. The sports network, which is owned by Disney, employs about 6,000 people worldwide, 4,000 of whom are in Bristol, Conn. It laid off 300 employees during a round of cuts in 2015. "Today is hard because ESPN has always been -- and will always be -- fortified by its […]

todayNovember 5, 2020 69

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Business & Lifestyle

Five tips for maintaining a professional image for your business

Maintaining a professional image is an essential criterion for the success of businesses in almost all sectors. Business marketing The area of marketing is enormous and covers a wide range of things. Get this wrong, and you are likely to be viewed in a way different from how you anticipated. Unfortunately, in the world of business, people remember mistakes for a significant period. Therefore, it is advisable to really analyze your marketing strategies before using them on members of the […]

todayNovember 5, 2020 19

Business & Lifestyle

GameStop closed on Thanksgiving, Black Friday deals offered early

GRAPEVINE, Tex. -- If you were planning to huddle outside of your nearest GameStop store, save yourself the trip this year. This is assuming your closest store hasn't already closed or gone out of business due to the company's ongoing restructuring plan. GameStop is following the lead of other major retailers by being closed on Thanksgiving Day. Walmart and Target made similar announcements earlier this year. Normally, the video game retail giant has been opening up to Black Friday shoppers […]

todayOctober 27, 2020 35

Business & Lifestyle

Report supports calls for national paid sick-leave policy, impacting Illinois

SPRINGFIELD -- New research suggests access to emergency paid leave could help limit the spread of the novel coronavirus. Supporters of a broader paid-time-off proposal say it's needed in states like Illinois, where there's no such requirement. The study says states with access to emergency paid leave during the crisis have seen 400 fewer COVID cases per day. It was led by Cornell University and the Swiss Economic Institute. Paid-leave group demands Senate vote on House relief bill Dawn Huckelbridge is […]

todayOctober 23, 2020 95

Business News

Pritzker issues serious threat yet to Illinois bars, restaurants that defy orders

SPRINGFIELD (The Center Square) – Gov. J.B. Pritzker announced Thursday even stricter rules for one region of the state and said state officials would be tracking down businesses throughout Illinois that don’t follow the added restrictions. The governor is tightening restrictions in Region 1 in northwest Illinois where the COVID-19 positivity rate stood at 11.2 percent on Thursday. Region 1, which has been under Tier 1 restrictions since Oct. 3, is the first region in the state to be moved […]

todayOctober 22, 2020 10

Business & Lifestyle

After nearly seven months, Quibi to cease operations

LOS ANGELES -- Quibi, a short-form entertainment content streaming service, announced Wednesday that they will be shutting down some seven months after its public launch. A Wall Street Journal report states that amid mounting problems, the service has opted to shut itself down. Thus ends a year full of high-flying expectations for the entertainment start-up that raised $1.75 billion in capital. Founders Jeffrey Katzenberg, a film producer, and former Hewlett Packard CEO Meg Whitman, issued a public statement that the […]

todayOctober 22, 2020 71

Business & Lifestyle

Conservative media group, associates implicated as part of pink-slime journalism scheme

CHICAGO -- A Chicagoland "pink slime" journalism group may have likely been exposed by a university journalism organization. A recent study from Columbia Journalism School's Tow Center for Digital Journalism reveals that a West Central Illinois news source is a "pink slime" journalism source. This source is among 27 online and seven print publications in the state. However, it's part of a much larger media machine. An expose which was published over the weekend in the New York Times would […]

todayOctober 20, 2020 77

Business & Lifestyle

Starting a new business from scratch in New Mexico

New Mexico is quickly becoming a famous state for incorporating a business. Forbes mentions that the average job growth in 2018 was 1.9% within the state, partially due to more companies seeing it as an excellent place to set up. New business owners want to benefit from a readily available workforce. This, along with a friendly tax rate, can help both them and their company prosper. If you're going to put together a New Mexico company, this is how you […]

todayOctober 20, 2020 21

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