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Business & Lifestyle

Private equity firm to buy majority stake in Victoria’s Secret

NEW YORK (UPI) -- Private equity firm Sycamore Partners agreed to buy a majority stake in the underperforming Victoria's Secret and spin it off into a privately held, standalone entity, the companies announced Thursday. The lingerie chain's owner, Columbus, Ohio-based L Brands, said Sycamore Partners will purchase a 55 percent stake in Victoria's Secret Lingerie, Victoria's Secret Beauty and PINK to create a separate company "focused on reinvigorating its market-leading businesses and returning them to historic levels of profitability and […]

todayFebruary 20, 2020 32

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Business & Lifestyle

Seven elements to ensure a successful business venture

Investors hungry for success and eager business owners are looking to make their big break onto the market. They are constantly on the lookout for the golden tips that help one stay alive in a crowded, competitive economy. Few know where to look; however, even fewer recognize the importance of gleaning lessons from common business failures as well as common success stories. By studying the mistakes of the past, and by borrowing the most common traits of successful business ventures, […]

todayFebruary 20, 2020 89

Business & Lifestyle

Former lawmaker, cable veteran launch 24-hour Black News Channel

TALLAHASSEE, Fla. (UPI) -- The Black News Channel, a new broadcast network targeted toward African-American audiences, launched on Monday. Based in Tallahassee, Fla., the 24-hour network says it will produce news "by black people for black people," and expects to reach 33 million households -- mainly in large African-American markets like New York City, Los Angeles and Atlanta. Its mission is to "provide intelligent programming that is informative, educational, entertaining, inspiring and empowering to its African-American audience." BNC Chairman and […]

todayFebruary 14, 2020 46

Business & Lifestyle

SSM Health named official medical provider of XFL’s St. Louis BattleHawks

ST. LOUIS (Heartland Newsfeed) -- Business affairs are being finalized leading to the kickoff of the revived XFL this weekend, business, as usual, has not changed for the St. Louis BattleHawks as they enter opening weekend, with news that they have announced that SSM Health has been named as the team's official medical provider, according to a press release today. SSM will be providing medical services for BattleHawks players in training and throughout their recovery. Professionals from SSM and SLUCare […]

todayFebruary 6, 2020 120

Business & Lifestyle

Midwestern farmers afraid spring will bring more widespread flooding

EVANSVILLE, Ind. (UPI) -- Midwestern farmers, who endured record-breaking floods in 2019 that hindered planting and harvesting, now face the strong possibility that widespread flooding will return for the 2020 planting season. "It will probably be more of the same," said Tom Christensen, a farmer in southeastern North Dakota who grows wheat, corn and soybeans. The problem, Christensen said, is that the ground still soaked from last year's flooding and it simply can't absorb any more water. "In much of […]

todayFebruary 6, 2020 75

Business & Lifestyle

ZeroHedge slapped with Twitter suspension for Coronavirus doxxing

SAN FRANCISCO/MAHWAH, N.J. (Heartland Newsfeed) -- A pro-Trump financial news website who has experienced their fair share of social media censorship is once again in trouble. ZeroHedge, run by Daniel Ivandiiski (better known as Tyler Durden), has run afoul of the terms of service for social media platforms. Facebook banned the website's social media presence last March, with a reversal the following day, citing it was 'a mistake'. This time, it involves Twitter. The last update from the website under […]

todayJanuary 31, 2020 38

Business & Lifestyle

How will America’s increasing debt levels impact the price of Bitcoin?

Debt is often compared to being a double-edged sword. Countries can borrow money to stimulate growth and large internal projects, affording their citizens a better economy to accumulate wealth and a higher quality of living. However, this debt comes with interest, and many countries end up in a vicious cycle of borrowing or printing more money to pay off their debts.  The more money a country borrows, the more it has to pay back in the future. This means future […]

todayJanuary 31, 2020 59

Business & Lifestyle

Sales skyrocket for 2012 viral game Plague Inc. in the wake of the Coronavirus

BRISTOL, U.K. (Heartland Newsfeed) -- An independent game studio in the United Kingdom is raking in the simoleons as sales of a real-time strategy game on how diseases are spread is skyrocketing -- even in China -- where the Coronavirus is wreaking havoc across parts of eastern Asia.Game studio Ndemic Creations, the developer of Plague Inc., revealed news that sales of their hit game have gone through the roof, just as the BBC revealed that the Coronavirus has 830 confirmed […]

todayJanuary 24, 2020 97

Business & Lifestyle

Proposed legislation in Hawaii would allow banks to serve as cryptocurrency custodians

HONOLULU (Heartland Newsfeed) -- Proposed legislation in Hawaii's state legislature could change the banking system, allowing for the storage and custody of cryptocurrency. Senate Bill 2594 was filed and introduced in the Hawaii Senate with bipartisan support. The legislation would make it legal for banking institutions in the state to hold "digital securities," "virtual currencies," "digital consumer assets" and other "open blockchain tokens" for their customers and allow the court system to hear cases on digital asset claims. Democratic Sens. […]

todayJanuary 23, 2020 82

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