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Financial News

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Business & Lifestyle

1 dead, several injured after ride malfunction at Ohio State Fair

Ray Downs, United Press International Writer COLUMBUS, Ohio (UPI) -- At least one man was killed and seven were injured after a ride malfunctioned at the Ohio State Fair Wednesday, authorities said. The Columbus Fire Division said the riders were thrown from the Fire Ball ride on Wednesday night, reported the Columbus Dispatch. The dead man was killed immediately, officials said. Five of the injured were in critical condition and two were stable. One of the injured is a 13-year-old girl, reported WSYX-TV. Battalion […]

todayJuly 26, 2017 28

Business & Lifestyle

Income tax hike will cost Christian County residents $8.2 million more this year

TAYLORVILLE (Heartland Newsfeed) -- Christian County residents will pay an additional $8,197,968 in state income taxes this year, according to an analysis by Local Government Information Services (LGIS). LGIS combined Illinois Department of Revenue data with a forecast by Senate Democrats to estimate how much additional income tax will be paid in each Illinois zip code. The following Christian County communities will pay the most: Taylorville ($3,486,351 total/$507 per person), Pana ($1,437,691/$465), Moweaqua ($757,825/$595) and Edinburg ($492,474/$577). Retroactive to July […]

todayJuly 25, 2017 68

Business & Lifestyle

Samsung releases its first biosimilar drug in U.S.

Danielle Haynes, United Press International Writer SEOUL, South Korea (UPI) -- Electronics giant Samsung made its first foray into U.S. pharmaceuticals Monday when it joined efforts with Merck to release a lower-cost version of a rheumatoid arthritis drug. Samsung Bioepis, a subsidiary of the South Korean producer of televisions and smartphones, and Merck Biosimilars released Renflexis, a version of Johnson & Johnson's Remicade. The U.S. Food and Drug Administration gave approval in April to the drug, which the companies said would be sold for […]

todayJuly 24, 2017 53

Business & Lifestyle

Private equity firm KKR to buy WebMD for $2.8 billion

Andrew V. Pestano, United Press International Writer NEW YORK (UPI) -- Health information website WebMD on Monday said it's agreed to be acquired by the KKR private equity company in a deal valued at nearly $3 billion. WebMD said it established an agreement with KKR's Internet Brands portfolio in which a subsidiary will formally make an offer by Aug. 3 to acquire all issued and outstanding shares of WebMD's common stock for $66.50 per share -- or $2.8 billion. The companies […]

todayJuly 24, 2017 24

Business & Lifestyle

Nokomis siblings accused of stealing elderly woman’s debit card, spending over $1,600

NOKOMIS/TAYLORVILLE (Heartland Newsfeed) -- Two Nokomis siblings are facing aggravated identity theft charges following an incident involving the theft of a elderly Taylorville woman's debit card. Facing charges are Sarah M. Hopping, 22, of Nokomis, and Travis J. Hopping, 20, of Pana. The Hoppings are accused of stealing the purse of an elderly Taylorville woman and making $1,625.85 in fraudulent charges within the area. Bond has been set for both individuals at $10,000 each, with a possible prison sentence of […]

todayJuly 19, 2017 45

Business & Lifestyle

Possible ‘FAKE NEWS’ service? Facebook plans subscription service for news articles

Allen Cone, United Press International Writer MENLO PARK, Calif. (UPI) -- Facebook plans to launch a subscription service for news stories, possibly testing the change as early as October. Campbell Brown, the head of the social media giant's news partnerships, said Facebook is working on the news product, which would have a paywall. "We are in early talks with several news publishers about how we might better support subscription business models on Facebook," Brown told TechCrunch in a statement. "As part of the […]

todayJuly 19, 2017 83

Business & Lifestyle

U.S. government contractor in Afghanistan pleads guilty to $250k kickback scheme

Ray Downs, United Press International Writer WASHINGTON (UPI) -- A former employee of a U.S. government contractor in Afghanistan pleaded guilty to accepting more than $250,000 in illegal kickbacks from a subcontractor, in exchange for assistance in obtaining government contracts, officials said. According to the Department of Justice, Nebraska McAlpine, 56, of Smyrna, Ga., admitted that he and an Afghan executive agreed to a deal that would give McAlpine cash in exchange for no-bid contracts. The name of the executive and the subcontracting […]

todayJuly 19, 2017 58

Business & Lifestyle

Chipotle shuts down Virginia restaurant after illness reports

Ed Adamczyk, United Press International Writer STERLING, Va. (UPI) -- Chipotle Mexican Grill has shut down one of its Virginia locations Tuesday after customers reported getting sick after eating there, the company said. Eight customers reported symptoms of stomach pain, dehydration, and nausea to a poisoning website. They indicate that at least 13 customers were sickened and two were hospitalized after eating at the Sterling, Va., location over the weekend. "We are working with health authorities to understand what the cause […]

todayJuly 18, 2017 27

Brexit Watch

Brexit talks stall as British cabinet feuds

Ed Adamczyk United Press International BRUSSELS (UPI) -- Talks regarding Britain's exit from the European Union resumed, and Britain's prime minister warned her feuding cabinet to stop its infighting. David Davis, the Britain's Brexit secretary, began four days of talks with EU chief negotiator Michel Barnier in Brussels on Monday, but flew home to London after only three hours of negotiation. Matters regarding Britain's departure from the economic bloc will be handled by subordinates until Davis returns on Thursday. Prior to his departure, […]

todayJuly 17, 2017 48

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