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Financial News

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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 3

Business & Lifestyle

Trading oil no longer intrigues T. Boone Pickens

DALLAS (UPI) -- After a "roller coaster ride" that saw $100-per-barrel swings in crude oil prices, tycoon and former oil man T. Boone Pickens said he's bored with trading oil. The 89-year-old investor, who nine years ago launched The Pickens Plan, designed to drive the U.S. energy sector away from its dependence on foreign oil, said in a statement he was shutting down his oil- and gas-commodity focused BP Capital. Launched after he left Mesa Petroleum in the 1990s, Pickens said he's seen oil move […]

todayJanuary 13, 2018 26

Business & Lifestyle

Circuit City to relaunch as online store in February

LAS VEGAS/NEW YORK (UPI) -- Electronics retailer Circuit City announced it plans to relaunch its brand after going out of business. Circuit City CEO Ronny Shmoel announced the brand relaunch at the Consumer Electronics Show in Las Vegas on Monday, stating it will focus on the retail verticals of e-commerce, mobile, technology, omni-channel commerce. "Under new ownership, Circuit City will relaunch with a dynamic, social-focused e-commerce site, along with various concepts of innovative retail stores, and unprecedented e-commerce technology offerings," the company said. […]

todayJanuary 11, 2018 10

Business & Lifestyle

Dropbox confidentially files for IPO

SAN FRANCISCO (UPI) -- File-storage company Dropbox confidentially filed for a U.S. initial public offering Thursday, people familiar with the matter said. The company, valued at $10 billion, is expected to make the public offering led by Goldman Sachs Group Inc. and JPMorgan Chase & Co. in the first half of this year, Bloomberg reported. Non-public filings have occurred more often since July, when the U.S. Securities and Exchange Commission began allowing all companies to file early IPO documents confidentially. A total of 26 U.S. […]

todayJanuary 11, 2018 8

Business & Lifestyle

COUNTRY Financial to award area students $20,000 in scholarships

NOKOMIS (Heartland Newsfeed) -- The Central Illinois COUNTRY Financial® representatives are offering ten $2,000 scholarships to college-bound students in the area. Students who graduated, or will graduate from Sangamon, Menard, Macoupin, Montgomery, Cass, Morgan and Greene county high schools have the opportunity to apply for the COUNTRY Financial Community Scholarship. More information about the COUNTRY Financial Community Scholarship and other scholarships offered through the Community Foundation for the Land of Lincoln can be found now through December 31, 2017 at: http://www.cfll.org/Home.aspx Students may […]

todayJanuary 9, 2018 28

Automotive News

Section of Illinois DUI law ruled unconstitutional

CHICAGO (Heartland Newsfeed) -- Law enforcement officers investigating cases involving pending DUI charges will now require a warrant to be presented before drawing blood and urine samples from suspected impaired drivers, according to a split decision in an Illinois court of appeals. The Illinois Appellate Court of the First District in Chicago ruled in a 2-1 decision that part of the state's current DUI law was unconstitutional, thus reversing a conviction of Ralph Eubanks, who was sentenced to four decades in […]

todayJanuary 7, 2018 17

Business & Lifestyle

State’s Invest in Kids program attracts $36 million in first day

SPRINGFIELD (Heartland Newsfeed/Patch Springfield) -- A new program in Illinois called Invest in Kids, which allows low-income and middle-income students the opportunity to attend private and alternative schools that best meet their educational goals, attracted more than $36 million in contribution pledges in its first day of the program launch on Tuesday, Jan. 2, when they first began accepting applications, according to an announcement made today by Gov. Bruce Rauner. Taxpayers can contribute up to $1.3 million to eligible organizations and […]

todayJanuary 4, 2018 17

Business & Lifestyle

Lincoln Land EREC to hold College Now informational meeting

TAYLORVILLE (Heartland Newsfeed) -- Lincoln Land Community College's Eastern Region Educational Center (EREC) in Taylorville will host an information meeting Monday evening, Jan. 8, about the LLCC College Now program for area high school freshmen, sophomores and juniors as well as their parents or guardians. The meeting will take place from 6-7 p.m. in the south building of the EREC, located at 800 S. Spresser, in Room 1126. No registration is necessary. College Now enables students to earn both high […]

todayJanuary 3, 2018 6

Business & Lifestyle

North Korea’s only 3G network provider withdraws services

SEOUL, South Korea (UPI) -- North Korea's only 3G network provider will pull out of the hermit kingdom, cutting off some 3.5 million citizens subscribed to its local Koryolink services. Egypt's telecom giant Orascom froze operations in the North early last month, due to regime's continuous nuclear and missile provocations, Newsis reported, citing Japanese intelligence sources. Koryolink is one of the largest mobile operators in the North, established in 2008 as a joint venture between Orascom and the North's telecommunications ministry. […]

todayDecember 19, 2017 11

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