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Financial News

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Business & Lifestyle

Charter Communications declines a merger with Sprint

Ed Adamczyk, United Press International Writer STAMFORD, Conn./OVERLAND PARK, Kan. (UPI) -- Charter Communications Inc. ended speculation it would acquire Sprint Corp., announcing it would not seek a merger between media companies. Japanese telecommunications and Internet company SoftBank Group, whose U.S. subsidiaries include Sprint, proposed the deal. It called for a merger of Sprint and Charter, controlled by SoftBank. The new company would then attempt to purchase T-Mobile U.S. Inc., Bloomberg News reported Monday, citing sources close to negotiations. The deal would merge Sprint's wireless […]

todayJuly 31, 2017 5

Business & Lifestyle

Discovery to buy Scripps in deal valued at $14.6 billion

SILVER SPRING, Md./CINCINNATI, Ohio (Heartland Newsfeed) -- Discovery Communications Inc. said Monday they have reached an agreement to buy Scripps Networks Interactive Inc. in a cash-and-stock deal valued at $14.6 billion, including $2.7 billion of debt. Discovery will pay $90 a share, or 34% over Scripps' unaffected share price as of July 18. The deal is expected to close by early 2018. The combined company will produce about 8,000 hours of original programming annually and be home to about 300,00 hours […]

todayJuly 31, 2017 5

Business & Lifestyle

New Mexico private prison to close because doesn’t have enough inmates to profit

Ray Downs, United Press International Writer ESTANCIA, N.M. (UPI) -- Private prison operators in New Mexico said they will close one of its prisons because it doesn't have enough inmates to make a profit. CoreCivic, the private prison company formerly known as Corrections Corporation of America, announced it will close its Estancia, N.M. facility over the next two months. More than 200 people will lose their jobs as a result of the closing. The prison was designed to hold between 900 […]

todayJuly 30, 2017 4

Business & Lifestyle

WSJ report: Charter says no thanks to Sprint mega-merger

STAMFORD, Conn./OVERLAND PARK, Kan. (Heartland Newsfeed) -- Charter Communications Inc. said it isn’t interested in buying Sprint Corp., rebuffing a gigantic merger offer and ending several weeks of deal talks between the media and communications companies. Sprint proposed a merger with Charter that would create a massive new entity controlled by SoftBank Group Corp., Sprint’s parent, the Wall Street Journal reported Friday. On Sunday, Charter said it isn’t interested in the deal and indicated it would stick with an existing wireless […]

todayJuly 30, 2017 28

Business & Lifestyle

Melbourne’s Tran Siu in attendance as Melbourne Chinatown Precinct Association fundraiser a huge success

PARKVILLE, Victoria, Australia (Heartland Newsfeed) -- A July 12 fundraising dinner co-sponsored by The Children’s Bioethics Centre Development Board (CBCDB) and the Melbourne Chinatown Precinct Association Inc. (CPA) was held at Shark Finn Restaurant in Melbourne, with several notable personalities such as Tran Siu, Peter Collina and Nyssa Large, who made news for having partied with Justin Bieber during his recent visit to Melbourne and the famous Harvard University Krokodiloes, a singing group that has been active since 1946 that has […]

todayJuly 30, 2017 33

Business & Lifestyle

Trump threatens to halt Obamacare insurance subsidies

Eric DuVall, United Press International Writer WASHINGTON (UPI) -- President Donald Trump on Saturday tweeted a threat to stop subsidies to health insurance companies after the Republican effort to repeal and replace the Affordable Care Act (aka Obamacare) collapsed this week. Trump's threat, which he has made before, is to halt billions in subsidies paid to insurance companies in order to keep health plans sold on government-run exchanges affordable for individuals required to buy them. The insurance industry has said stopping the payments […]

todayJuly 29, 2017 3

Business & Lifestyle

Sprint pursuing merger with cable giant Charter, according to reports

Eric DuVall, United Press International Writer OVERLAND PARK, Kan./STAMFORD, Conn. (UPI) -- The owner of wireless company Sprint has proposed a merger with cable giant Charter Communications, though Charter's leaders are reportedly only lukewarm to the idea. The potential merger would create a new publicly traded company controlled by SoftBank, which is also run by Sprint Chairman Masayoshi Son, a Japanese billionaire. Charter is not on board with the cash and stock merger proposal yet, but talks continue, The Wall Street Journal […]

todayJuly 29, 2017 6

Business & Lifestyle

State tax hike means Harrisburg elite couple get richer

HARRISBURG (Heartland Newsfeed) -- School’s out in the summertime. So when Harrisburg School District superintendent Mike Gauch and his wife Angella, a teacher in Carbondale, decided they would drive to Springfield earlier this month, getting out of work wasn’t a concern. Unlike most working adults in Saline County, they are off work in July. This year, they spent part of their summer vacation successfully lobbying for a state income tax hike. When the tax hike passed, Angella Gauch lauded state legislators on […]

todayJuly 28, 2017 1

Business & Lifestyle

Chevron shares flat after revenue beats estimates, profits rise from a year ago

SAN RAMON, Calif. (Heartland Newsfeed) -- Chevron on Friday reported quarterly profits and revenues that beat Wall Street's expectations as the company cut costs and as oil and gas prices and refining margins improved. Shares of Chevron were up more than 1 percent after the announcement. The oil major earned $1.7 billion, or and adjusted 91 cents a share, excluding impairments and gains from asset sales. Analysts had expected Chevron to earn 87 cents a share on $32.09 billion in revenue. The […]

todayJuly 28, 2017 3

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