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Business News

1013 Results / Page 81 of 113

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Business & Lifestyle

Skillicorn joins call to legalize hemp production

SPRINGFIELD (Heartland Newsfeed) -- State Rep. Allen Skillicorn (R-East Dundee) has joined the growing ranks of those publicly advocating for the legalization of industrial hemp in Illinois. “What is the drawback to industrial hemp production,” Skillicorn said. “This was a very popular cash crop during World War II for industrial purposes. Since neighboring state Kentucky legalized industrial hemp, farmers in that state have yet another successful product to produce.” The issue of legalization has long been debated in Illinois, with […]

todayJanuary 22, 2018 94

Business & Lifestyle

Skillicorn says Chicago needs spending reform, not bailout

SPRINGFIELD (Heartland Newsfeed) -- As pressure mounts on the city of Chicago to address its debt crisis, some have suggested the state should help the city cover its expenses. “Chicago has spent at least two decades digging itself into a massive financial hole,” Nicole Gelinas wrote in The City Journal. She went on to say that since 2000, the overall debt has climbed from $12.3 billion to $20.2 billion, calculating out to $7,500 per person. The crisis deepened during the […]

todayJanuary 22, 2018 133

Business & Lifestyle

Joel McHale to host weekly topical series for Netflix

LOS GATOS, Calif. (UPI) -- Comedian and actor Joel McHale has signed on to host a weekly, topical series for Netflix. The half-hour Joel McHale Show with Joel McHale is scheduled to debut Feb. 18. Netflix said in a news release the program "takes a sharp, absurdist look at pop culture and news from across the globe. It's a fast and funny distillation of everything people are talking about that week. "Featuring celebrity guests, comedy sketches, and insane video clips from the worldwide […]

todayJanuary 22, 2018 50

Business & Lifestyle

Federal grant application by Carlinville was for regional water “commission”

CARLINVILLE (Heartland Newsfeed) -- A recent investigation from the Edgar County Watchdogs, in their ongoing battle with the City of Carlinville, has revealed the City's 2016 grant application for Federal funding of a project on behalf of the Illinois Department of Agriculture. As discovered by ECWd's John Kraft, the intent and purpose of the grant was for "a preliminary engineering report to evaluate options" for development of a viable water supply, treatment and transmission system to serve a regional water […]

todayJanuary 21, 2018 100

Business & Lifestyle

HSBC to pay over $100M to settle currency rigging probe

LONDON/NEW YORK (UPI) -- Europe's biggest bank has agreed to pay about $100 million in penalties to resolve a U.S. Justice Department investigation. The deal stems from a probe into HSBC Holdings PLC rigging currency rates, an investigation that led to the conviction of one of its former bankers. The scheme, which involved bankers executing trades that drove up costs for two large corporate clients, netted the bank more than $46 million in profits in 2010 and 2011. John Cronan, acting assistant attorney […]

todayJanuary 19, 2018 43

Business & Lifestyle

Illinois senators announce plan to connect rural schools to high-speed internet

SPRINGFIELD (Heartland Newsfeed) -- Illinois school districts that have not yet been able to afford the cost of installing reliable high-speed internet soon will be able to do so under a plan being advanced by a bipartisan group of state senators. A proposal introduced by state senators Andy Manar (D-Bunker Hill), Sam McCann (R-Plainview) and Jennifer Bertino-Tarrant (D-Shorewood) sets aside $16.3 million in the upcoming state budget to help school districts foot the cost of installing fiberoptic cable for high-speed […]

todayJanuary 19, 2018 43

Business & Lifestyle

BP to post $1.7B charge on Deepwater Horizon

LONDON (UPI) -- British energy company BP said it expects a charge of around $1.7 billion in its fourth quarter earnings as a result of the Deepwater Horizon settlement. BP said Tuesday that its court-supervised settlement program related to the class action settlement on the 2010 spill is winding down and it expects those charges to show up in fourth quarter results. The total cash impact, however, will be spread out over a multi-year period. "With the claims facility's work very […]

todayJanuary 19, 2018 29

Automotive News

Chinese automaker plans to enter U.S. market in 2019

DETROIT (UPI) -- Chinese automaker Guangzhou Automobile Group plans to enter the U.S. market in 2019, the company said at the Detroit Auto Show Monday. "We intend to gain a foothold in the U.S.," GAC Motors president Yu Jun said at a news conference. "If we can make it in the U.S., we can make it anywhere and enhance further possibilities of future growth." It's not yet clear how GAC plans to enter the U.S. market. But according to reports, the […]

todayJanuary 19, 2018 29

Business News

Starz working on a series set in the John Wick universe

LOS ANGELES (UPI) -- Starz is developing The Continental, a Chris Collins-penned drama connected to Keanu Reeves' John Wick film franchise. The possible series would focus on a hotel that serves as a refuge for assassins in a "hyper-real version of Los Angeles." Collins would serve as showrunner if the pilot gets picked up and Reeves is on board as a producer, but the cable network did not say if he is expected to act in the project. No casting has been announced yet. Chad Stahelski […]

todayJanuary 15, 2018 64

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