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Business & Lifestyle

Downstate Republican senator: Illinois should legalize marijuana

SPRINGFIELD (Illinois News Network) -- Add a Republican senator from Central Illinois to the growing list of Illinois lawmakers who say the state should legalize recreational marijuana. State Sen. Jason Barickman (R-Bloomington) says he is ready to support legal, recreational marijuana if the law is written correctly. "I think fiscal conservatives need to be in this debate," Barickman said Tuesday. "It is inevitable that this is going to happen. Our opportunity is either to sit on the sidelines and watch […]

todayDecember 7, 2017 8

Automotive News

Anheuser-Busch orders 40 new electric Tesla semis

ST. LOUIS (UPI) -- To reduce its carbon footprint, beer maker Anheuser-Busch said Thursday it's ordered 40 new, fully electric Tesla semis equipped with a semi-autonomous pilot system. The company said the 500-mile-range hauler, unveiled last month, will be used for shipments within 150 to 200 miles of its brewery locations. Tesla CEO Elon Musk said last month the rig drives like a sports car and "will blow your mind clear out of your skull and into an alternate dimension." James Sembrot, Anheuser-Busch senior director of […]

todayDecember 7, 2017 7

Business & Lifestyle

Five financial security freedoms you can’t afford to surrender

(Heartland Newsfeed) -- Most Americans work 40 to 50 years. That’s a huge time investment when you stop and think about it. That’s a long time to toil and end up getting little, if any, financial security out of all that hard work. Everybody wants financial independence in their golden years, but without a sound retirement planning strategy, many lose the freedoms they could have enjoyed. “Some freedoms are often taken for granted in this country, such as those you earn […]

todayDecember 7, 2017 4

Business & Lifestyle

L-3 awarded Navy T-45 Goshawk support contract

WASHINGTON (UPI) --  L-3 Communications Vertex Aerospace has been awarded a modified contract for services and support for 200 U.S. Navy T-45 Goshawk aircraft. The deal, announced Monday by the Department of Defense, is worth more than $37.6 million and modifies the terms of a previous award that was classified as a firm-fixed-price, indefinite-delivery, requirements contract. "This modification provides for additional organizational, intermediate, and depot level maintenance, logistics, and engineering services to support and maintain approximately 200 Navy T-45 Goshawk aircraft, […]

todayDecember 5, 2017 6

Business News

King Township holds public hearing regarding proposed property tax hike

MORRISONVILLE (Heartland Newsfeed) -- A public hearing will be held Monday, December 11 at 7 p.m. at the King Township building in rural Morrisonville. The agenda of the meeting is consideration of a proposed property tax levy hike within the township. The proposed change will only involve corporate and special purpose taxes, which will be a 14.6% hike to $148,522.68 for 2017 compared to $129,600.94 in 2016. Any individuals desiring to appear at the public hearing and present testimony to […]

todayDecember 4, 2017 16

Business & Lifestyle

CVS Health, Aetna agree to $69 billion merger

WOONSOCKET, R.I. (UPI) -- CVS Health has announced it will buy insurer Aetna for about $69 billion, a deal which potentially could reshape America's healthcare industry. Both companies announced the acquisition Sunday, which had been the subject of negotiations for months. CVS will pay $207 per share for Aetna and its debt, and Aetna shareholders will receive $145 per share and about 0.84 of a CVS share for each Aetna share, the statement said. The combination of the two businesses would combine CVS, with […]

todayDecember 4, 2017 3

Business & Lifestyle

Sources: CVS Health to purchase Aetna for $69 billion

WOONSOCKET, R.I. (UPI) -- Retail drug store giant CVS Health Corp. on Sunday agreed to buy Aetna Inc. for $69 billion, unnamed sources with knowledge of the deal said. Under the terms of the deal, CVS agreed to purchase the healthcare company for about $207 per share -- $145 in cash and $62 in stock -- sources told The Wall Street Journal. The deal -- if approved by regulators -- could bring some primary care and basic procedure services to CVS' 9,700 […]

todayDecember 3, 2017 14

Business & Lifestyle

Read this before you buy someone Bitcoin as a gift

This story is part of a new MarketWatch series, “Gifts that pay off.” Between now and Dec. 25, we will look at gifts that could potentially earn the recipients money or improve their lives. (MarketWatch) -- Digital currency Bitcoin has gone from a strange fringe trend to a mainstream technological phenomenon in the past year, exploding in value to more than $10,000 per coin. While some people warn that the currency is a bubble doomed to pop, others say it’s […]

todayNovember 28, 2017 37

Business & Lifestyle

Illinois’ stagnant sales tax revenue indicator of flat economic activity

SPRINGFIELD (Illinois News Network) -- The state of Illinois is collecting more from individual workers' and businesses’ income, but the indication from other revenue sources is the state’s economy is flat. A tax professional says state lawmakers haven’t advanced solutions to grow the state’s economy. Illinois Commission on Government Forecasting and Accountability (COGFA) Revenue Manager Jim Muschinske said individual income tax revenues are up from the year before, as are corporate tax receipts. From October of last year to this […]

todayNovember 28, 2017 6

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