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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 3

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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 30

Business & Lifestyle

Former Tower Hill village treasurer Nancy Finley pleads guilty to wire fraud

SPRINGFIELD (Heartland Newsfeed) -- A former village treasurer has entered a guilty plea in Federal court on counts relating to wire fraud. Nancy Finley of Pana, who formerly served as treasurer fo the village of Tower Hill in western Shelby County, entered a change in plea Feb. 7 from not guilty to guilty before the U.S. District Court in Springfield on three charges of wire fraud. The charges were related to fraud and theft when she was in office. Finley […]

todayFebruary 11, 2020 13

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 11

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 8

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 24

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 6

Business & Lifestyle

Arizona Cardinals’ Larry Fitzgerald is newest stakeholder in NBA’s Phoenix Suns

PHOENIX (UPI) -- Veteran wide receiver Larry Fitzgerald has purchased a portion of the NBA's Phoenix Suns. Sources told NFL Network and ESPN Fitzgerald purchased a minority stake in the franchise. The Suns were valued at $1.5 billion in 2019, according to Forbes. "It's an investment in something I have supported since I've been in Arizona," Fitzgerald told NFL Network. "It gives me another connection in the community I love and always will live in. It's a long-term commitment I […]

todayJanuary 22, 2020 25

Business & Lifestyle

South Korea considering a crypto income tax of 20%

SEOUL (Heartland Newsfeed) -- Crypto holders living in South Korea may want to keep an eye out on recent actions being pursued by their government. A report released Monday from South Korean-based Yonhap News Agency revealed the country's Ministry of Economy and Finance's (SKMEF) tax office is reviewing a proposal that could result in the adoption of a cryptocurrency income tax, which could be as high as 20 percent. An unidentified official who spoke with Yonhap suggests that South Korea […]

todayJanuary 20, 2020 14

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