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Financial News

629 Results / Page 23 of 70

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Business & Lifestyle

Collins sentenced to 26 months in prison for insider trading

NEW YORK (UPI) -- A Federal judge on Friday sentenced former Rep. Chris Collins of New York to 26 months in prison for insider trading. The Republican pleaded guilty to two counts -- conspiring to commit securities fraud and making false statements -- after initially facing an 11-count indictment. Federal prosecutors accused Chris Collins of encouraging his son, Cameron Collins, and Stephen Zarsky -- Cameron Collins' prospective father-in-law -- to sell their shares in Australian biotech firm Innate Immunotherapeutics using […]

todayJanuary 18, 2020 9

East Central Illinois Region

Local governments receive block grant monies for public infrastructure projects

SPRINGFIELD (Heartland Newsfeed) -- The Illinois Department of Commerce & Economic Opportunity (DCEO) announced that 26 communities and townships across the state received block grant money, according to a press release released Tuesday. The recipient announcement is related to applications received for public infrastructure as related to the Community Development Block Grant. $12.5 million was distributed for this block grant. The grants will help low-income communities across the state undertake desperately-needed public infrastructure projects, such as water plant improvements, water […]

todayJanuary 14, 2020 3

Business & Lifestyle

Visa to buy fintech provider Plaid in $5.3 billion deal

SAN FRANCISCO (UPI) -- Visa has announced it will pay more than $5 billion to acquire financial technology company Plaid, which produces software for startups to connect to users' bank accounts. Some of Plaid's clients include payment app Venmo, investing app Robinhood and cryptocurrency exchanges Coinbase and Gemini. The firm was founded in 2013 and is based in San Francisco. The deal is worth $5.3 billion, the companies said. Visa said three-fourths of the world's online consumers used a financial […]

todayJanuary 14, 2020 9

Business & Lifestyle

Raytheon tapped for self-evaluating machine learning system

WALTHAM, Mass. (UPI) -- Raytheon Co. announced on Monday it has begun work on a machine-learning technology allowing machines to teach machines through artificial intelligence use. The $6 million contract is one of four, valued at a total of $20.9 million, between the U.S. Defense Research Projects Agency and Raytheon BBN Technologies, SRI International, BBN Technologies, Teledyne Scientific & Imaging and BAE Systems. The new deal calls for the development of systems able to communicate information and the conditions of […]

todayJanuary 13, 2020 7

Business & Lifestyle

New Hampshire retailers voice opposition to new tax on electronic devices

CONCORD, N.H. (The Center Square) -- Advocates for New Hampshire retailers have voiced strong opposition to proposed legislation that would put a tax on electronic devices. House Bill 1492 would create a 4.3 percent tax on the retail sale of electronic devices, including computers, TVs, video games and cellphones. The revenue would be put toward funding education in the state. In an email response to The Center Square, New Hampshire Retail Association president/CEO Nancy Kyle provided excerpts of a briefing that […]

todayJanuary 13, 2020 6

Business & Lifestyle

Aramco raises $29.4 billion in world’s biggest initial public offering

NEW YORK/DHAHRAN, Saudi Arabia (UPI) -- Saudi Arabia's Aramco raised $29.4 billion in the world's largest initial public offering, surpassing the oil company's original listing by $5 billion. Goldman Sachs Group Inc., one of the underwriters of the IPO, exercised the option to place 450 million additional shares that were initially separated to avoid price swings, according to a statement. The shares at $8.53 were placed with investors during the book-building process. The stabilization period ended Friday. "The 450 million […]

todayJanuary 12, 2020 12

Business & Lifestyle

EDITORIAL: Twitter, Spotify choose to be losers in 2020 election ad race while Facebook, Google cash in

Presidential candidates running for the role of commander-in-chief have spent more than $105 million on digital ads to date. Facebook and Google have received a lion's share of the ad revenue. Twitter chose to opt-out for the 2020 presidential election, and just recently, Spotify decided to opt-out as well. This is despite political organizations like the campaign of Bernie Sanders and the Republican National Committee who previously utilized the platform's paid ad network. With billionaires in the presidential race, such […]

todayDecember 28, 2019 19

Business & Lifestyle

Musk predicts Las Vegas tunnel to be completed in 2020, ahead of schedule

LAS VEGAS (UPI) -- Entrepreneur Elon Musk said he believes the Las Vegas tunneling system his Boring Company is creating under the city's convention center could be done by next year, possibly months ahead of schedule. Musk, the founder of Tesla and SpaceX, made the prediction on Twitter. The $48.7 million project will transport visitors to and from the massive Las Vegas Convention Center along three spots to the Las Vegas Strip, turning a 15-minute walk into a one-minute trip. […]

todayDecember 28, 2019 30

Business & Lifestyle

Small business owners prepare for minimum wage hikes in Illinois

SPRINGFIELD (The Center Square) -- Small business owners around the state are preparing for two minimum wage hikes in 2020. The minimum wage for most employees in Illinois will increase to $9.25 on Jan. 1 and then will jump to $10 an hour in July. “Our members, especially those in downstate small communities, are very concerned because so many of them are the small cafes and restaurants, the small retailers who provide a lot of entry-level jobs for folks in […]

todayDecember 28, 2019 4

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