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Automotive News

GasBuddy analyst: gasoline prices unseasonably high, but relief is coming

BOSTON (UPI) -- Retail gasoline prices continue to put a strain on consumer pocket books late in the season, though relief is around the corner, a market report found. Motor club AAA reports a national average retail price for regular unleaded gasoline at $2.56 per gallon early Tuesday, up just a fraction of a percent from Monday but 40 cents per gallon higher than on this date last year. In its retail market report for the week, AAA said consumer demand […]

todayNovember 14, 2017 21

Business & Lifestyle

Illinois hospitals, doctors getting big payday from state, but ‘unpaid bills’ problem remains

SPRINGFIELD (Illinois News Network) -- Hospitals, doctors offices, nursing homes, and pharmacies across Illinois are in line for a huge payday this week. The state of Illinois is finally paying off about $9 billion in old Medicaid and other medical bills. Danny Chun, spokesman for the Illinois Health and Hospital Association, says hospitals across the state are grateful for the money even though this payday doesn't bring them all the way back to even. "There are still bills out there that hospitals won't […]

todayNovember 14, 2017 4

Business & Lifestyle

Decatur manufacturer supports Rauner push to lower income and property tax burden

DECATUR (Illinois News Network) -- Gov. Bruce Rauner says he wants to lower the state’s income tax, and one central Illinois manufacturer says that will help. Kicking off a statewide campaign swing Monday at Decatur manufacturer T/CCI, Rauner laid out four things he’s focusing on. “Everybody, whether you’re a Democrat or a Republican, everybody in the state of Illinois agrees on these four things: Bring down our property taxes, roll back the income tax hike, get term limits on elected officials, […]

todayNovember 13, 2017 13

Business & Lifestyle

Despite outflow of high earners, Democratic gubernatorial candidates push progressive tax

CHICAGO (Illinois News Network) -- With an entire year until the 2018 election for Illinois governor, instituting a progressive tax is already emerging as a battleground topic in the race. In one of his newest campaign ads, Democratic gubernatorial candidate J.B. Pritzker highlights the benefits of taxing people who make more at a higher rate than those who don’t. “As governor, I’ll fight to pass a progressive income tax,” he says in the ad. “It will make the wealthy pay more, […]

todayNovember 13, 2017 7

Business & Lifestyle

UPDATE: Current fundraising totals from Illinois Democratic and GOP gubernatorial candidates

SPRINGFIELD (Heartland Newsfeed) -- On Friday, Eric Kirchberg reported campaign funds, as reported by the Illinois Campaign for Political Reform regarding regional races, including the gubernatorial race. However, more information has come to light regarding campaign funds for six Democratic candidates and three Republican candidates running in the March 20 primary. Governor Bruce Rauner (R-Winnetka), the incumbent seeking a second term, currently has $72 million in campaign funds, which includes a $50 million contribution he made to his re-election fund […]

todayNovember 5, 2017 13

Business & Lifestyle

MLB: Contract option picked up for Brantley, McCutchen, Altuve, Gonzalez, Tanaka; declined for Ichiro

CLEVELAND/PITTSBURGH/HOUSTON/NEW YORK/MIAMI (UPI) -- The following contract options in Major League Baseball (MLB) were exercised and/or declined as of Saturday, November 4: Injuries shortened Michael Brantley's past two seasons, but the Cleveland Indians exercised his $11.5 million option for 2018 on Friday. The 30-year-old Brantley hit .299 with nine homers and 52 RBIs in 90 games this season. His strong first half netted him an All-Star spot but he went on the disabled list twice and had right ankle surgery on Oct. 18. […]

todayNovember 4, 2017 2

Automotive News

BMW recalls 1.4 million vehicles over fire risk

WOODCLIFF LAKE, N.J. (UPI) -- German automaker BMW announced Friday it is recalling 1.4 million vehicles in North America over fire risks. The company issued two recalls with the National Highway Traffic Safety Administration. The first affects some 740,000 vehicles, including the 1-, 3- and 5-Series, Z4, X3 and X5 from model years 2007-11. These vehicles may develop a rusty crankcase ventilation valve, posing a fire risk. The second recall is for about 673,000 vehicles, which have faulty heating and air conditioning wiring. Electrical […]

todayNovember 4, 2017 4

Business & Lifestyle

GOP billionaire donor Mercer leaves firm, sells stake in Breitbart News

LOS ANGELES (UPI) -- Conservative billionaire donor Robert Mercer on Friday announced he will step down as co-CEO of a $97 billion investment fund and sell his stake in Breitbart News. In a letter to investors, Mercer said his daughters will obtain his share of the conservative news outlet, which recently re-hired former White House strategist Steven Bannon as its executive chairman. Mercer indicated in the letter that he and Bannon have experienced political differences. "I have great respect for Mr. Bannon, and […]

todayNovember 4, 2017 4

Business & Lifestyle

Reports: Broadcom making return to US, plans to buy Qualcomm in bid

WASHINGTON (UPI/Reuters) -- Broadcom Ltd. will bring $20 billion in revenue to the United States when it relocates its headquarters from Singapore, President Donald Trump said Thursday when he hosted the CEO of the semiconductor company at the White House. Trump hailed the announcement during remarks he made in the Oval Office on jobs and the Republican tax plan. "They employ over 7,500 American workers in many states across our country," the president said of Broadcom. "And we're looking forward to seeing that number […]

todayNovember 4, 2017 12

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