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    Why Nobody Trusts the News: Isaac Saul Andrew Heaton, Isaac Saul

Business News

1013 Results / Page 68 of 113

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Business & Lifestyle

Comcast drops Jennifer Lopez’s Fuse channel

NEW YORK (UPI) -- Comcast has decided to drop the Fuse network, owned in part by Jennifer Lopez, from its lineup of cable channels. "We regularly evaluate our channel lineups and sometimes make changes to ensure we're offering customers a wide variety of the content that they want to see at the best value," Comcast said in a statement. "In this case, much of the content carried by Fuse is similar to content that is also available on other networks. […]

todayJanuary 2, 2019 63

health care fraud
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Business & Lifestyle

How health care fraud in Michigan represents a wider problem

Six medical providers made headlines weeks ago after they were indicted for illegally prescribing around 13.2 million doses of prescription for painkillers. In an indictment on December 6, the doctors from Michigan were charged with insurance fraud amounting to $464 million. The court issued 56 counts of the indictment against the owner of the Pain Center USA in Eastpointe and Warren, Michigan and the Interventional Pain Center in Warren, Mich., 77-year-old Dr. Rajendra Bothra and five other doctors who work in the […]

todayDecember 31, 2018 28

Sears
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Business & Lifestyle

Sears chairman makes $4.4 billion bid to save company

NEW YORK (UPI) -- Sears received a reprieve from liquidation after chairman Edward Lampert made a $4.4 billion bid to buy it at the last minute. Lampert submitted the $4.4 billion offer Friday through Transform Holdco, an affiliate of his hedge fund, ESL Investments, just before a 4 p.m. deadline Friday, CNBC first reported. The offer for 425 Sears stores has a $1.3 billion financial commitment from three financial institutions, ESL said in a Wall Street Journal report. The 125-year-old […]

todayDecember 29, 2018 34

Dow Jones
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Business & Lifestyle

Dow survives early losses to close up 260 points

NEW YORK (UPI) -- The Dow Jones ended with a second consecutive day of gains after a roller coaster session that saw it drop more than 600 points Thursday. At its lowest point of the day, the Dow Jones was down 611 points, before rallying back to close up 260.37, or 1.14 percent, to 23,138.82 at the end of trading. The S&P 500 fell as much as 2.8 percent, while the Nasdaq dropped 3.3 percent, but each closed the day […]

todayDecember 27, 2018 34

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Business & Lifestyle

Dow Jones soars more than 1,000 points in largest single-day increase

NEW YORK (UPI) -- The Dow Jones Industrial Average soared more than 1,000 points Wednesday for its largest-ever single-day point increase, as stocks rebounded from a historically poor Christmas Eve. The Dow Jones was up 1,086.25 points, or 4.98 percent, at the end of trading, while the S&P 500 rose 4.96 percent and the Nasdaq Composite increased 0.40 percent. Retailers helped lead the charge Wednesday, as shares of Wayfair, Kohl's and Dollar General all rose at more than 7 percent, […]

todayDecember 26, 2018 38

Amazon blockchain
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Business & Lifestyle

Amazon hops on board the blockchain wagon

Blockchain technology is not a new thing, but when corporations announce their usage of the technology, the Internet goes wild. Retail giant Amazon made an announcement last month during their ReInvent conference that they were going to join the blockchain trend by starting two blockchain-oriented ledgers. The announcement was made by Amazon Web Services (AWS) CEO Andrew Jazzy regarding their newest endeavors under the blockchain -- Quantum Ledger Database (QLD) and Amazon Managed Blockchain (AMB). Jazzy admitted that their clients […]

todayDecember 17, 2018 56

Business & Lifestyle

GUEST EDITORIAL: Pensions keep Illinois in fiscal turmoil

Goodbye to Illinois’ $130 billion pension hole. Now it’s $133 billion. And getting deeper. Sometimes the clearest warning about Illinois’ fiscal crisis can be communicated using numbers, sometimes with a well-chosen phrase. Here we present both, as reminders during the period before a new Democratic governor takes office with a Democratic mega-majority, that the state’s messes will only worsen. Until lawmakers take decisive action. First, the awful numbers: For several years we’ve cited the figure of $130 billion to represent Illinois’ […]

todayDecember 16, 2018 26

holiday shopping Christmas shopping sales tax taxation
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Business & Lifestyle

OP-ED: Holiday shopping and the sales tax Scrooge

The average American will spend around $800 on gifts this Christmas. But making those holiday buys in Illinois will leave many families wishing they could get more bang for their buck. Illinois passed its first state sales tax – 2 percent on all retail goods – all the way back in 1933. It not only replaced revenue that came from the old statewide property tax, but brought in a lot of new money as well. Fast forward to today: Illinois’ […]

todayDecember 16, 2018 80

romaine lettuce
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Business & Lifestyle

FDA traces romaine E. coli outbreak to California farm; some lettuce safe to eat

WASHINGTON (UPI) -- The U.S. Food and Drug Administration said Thursday it was able to trace an E. coli outbreak to a California farm. The FDA's investigation identified a positive sample result for the outbreak strain in the sediment of a local irrigation reservoir used by Adam Bros. Farms in Santa Barbara County. The agency said the farm has been cooperating with the outbreak investigation and hasn't shipped any romaine lettuce since Nov. 20. So far 59 people in 15 […]

todayDecember 13, 2018 39

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