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Financial News

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Business & Lifestyle

Berkshire Hathaway buys Bank of America stock, sees $11.7 billion profit

Ed Adamczyk United Press International OMAHA, Neb. (UPI) -- Berkshire Hathaway Inc. will be Bank of America's largest stockholder and will receive a profit after announcing Friday it plans to purchase 700 million shares. Berkshire will use its $5 billion in Bank of America preferred stock to purchase the common stock at $7.14 per share, well below its closing price of $24.32 per share. The preferred stock was bought in 2011; it came with a 6 percent annual dividend and a warrant allowing […]

todayJune 30, 2017 26

Business & Lifestyle

College tuition has little link to state funding, analyst determines

College tuition tends to rise regardless of how much money the state puts toward education, a new study reveals. Tuition goes up no matter what state legislators do," analyst Preston Cooper wrote after studying tuition trends for the American Enterprise Institute. "Public colleges, with state boundaries insulating them from competition, and generous federal student aid programs at their disposal, charge as much as they can get away with. Changes in state funding are largely irrelevant." In Illinois, schools needs more […]

todayJune 29, 2017 48

Business & Lifestyle

Philly DA Williams pleads to bribery, resigns as prison looms

Doug G. Ware United Press International PHILADELPHIA (UPI) -- Philadelphia District Attorney R. Seth Williams resigned from office Thursday after pleading guilty to a bribery charge in a federal corruption case that now has him facing prison time. Williams brought a sudden end to the case at Philadelphia's James A. Byrne Federal Courthouse as part of a plea agreement with prosecutors -- which mandated he plead to one count of bribery and resign from office immediately. After the plea, Williams appealed […]

todayJune 29, 2017 47

Business & Lifestyle

Raymond council handle a variety of housekeeping measures at June meetings

RAYMOND (Heartland Newsfeed) -- In the meeting of the Raymond Village Board that took place on June 5, the board voted to approve the prevailing wage ordinance, discussed a citizen’s project regarding a ditch, mosquito spraying is underway and the water tower is looking at a cleaning of the exterior among other items of discussion. Following approval of the meeting minutes from May 15 and prior minutes from April 30, the board voted to approve Ordinance 421, the prevailing wage […]

todayJune 24, 2017 44

Business & Lifestyle

Save Time, Buy Online: Illinois State Fair Gate & Parking Now Available for Online Purchase

Ticket scanning now an option at all Illinois State Fair gates SPRINGFIELD -- The Illinois State Fair continues its trek into the digital age by offering an online payment option for gate admission, parking passes and mega passes this year with more features to be added in addition to last year's unveiling of a new mobile app that allows fair attendees to customize their visit to the state fairgrounds. In addition to purchasing advance tickets, attendees will also have the option […]

todayJune 23, 2017 107

Business & Lifestyle

‘Unmarked’ government vehicles targeted by transparency group

Local governments throughout Illinois own a total of more than 270,000 cars, according to the Edgar County Watchdogs (ECW), who also say they are working on a system to allow anyone to quickly identify municipal vehicles. The ECW argued that vehicle ownership should be more transparent to all. "We are working on an application that will be searchable by license plate number, public body, and zip code so citizens and taxpayers can identify those vehicles in order to question the […]

todayJune 22, 2017 86

Business & Lifestyle

Uber CEO Travis Kalanick resigns after series of scandals

Ray Downs United Press International SAN FRANCISCO (UPI) -- Uber founder Travis Kalanick has resigned as the company's chief executive officer after months of scandal saw investors lose faith in the controversial tech mogul. The sudden departure comes after investors in the multi-billion dollar ride-sharing app demanded the resignation of Kalanick, who then agreed to step down. "I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request […]

todayJune 21, 2017 110

Business & Lifestyle

Handel defeats Ossoff in most expensive House race in history

Ray Downs United Press International ROSWELL, Ga. (UPI) -- Republican Karen Handel defeated Democrat Jon Ossoff in the most expensive congressional election in U.S. history to replace former Georgia Rep. Tom Price, who joined the Trump administration. Together, the campaigns spent more than $55 million, with Ossoff outspending Handel by roughly $25 million. But despite his vast support from the Democratic Party and online popularity, including celebrity endorsements from people like actress Alyssa Milano, Ossoff did not beat Handel in Georgia's […]

todayJune 21, 2017 46

Business & Lifestyle

Manchester United boss José Mourinho subject of Spanish tax fraud investigation

MANCHESTER, England -- Manchester United's boss may be following those of the likes of Cristiano Ronaldo, Lionel Messi and Neymar in a similar fashion as the other three: a summons to appear in court. A Spanish state prosecutor in Madrid revealed in a press hearing today that a claim of two counts of tax evasion, dating back to 2011 and 2012 has been filed when José Mourinho, who became the MU boss last season, was in charge of Real Madrid. […]

todayJune 20, 2017 85

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