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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

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

Teen killed on Ohio fair ride was Marine Corps recruit

Eric DuVall, United Press International Writer COLUMBUS, Ohio (UPI) -- The individual killed when a thrill ride at the Ohio State Fair snapped and sent passengers flying through the air was identified as an 18-year-old Marine recruit, officials said. Tyler Jarrell was killed when the row of seats he was sitting in appeared to break free of a ride Wednesday. Video of the incident showed the seats smashed into a metal support beam for the ride, then, with the force of the ride, […]

todayJuly 28, 2017 7

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

Business & Lifestyle

Some Pokémon Go Fest attendees are suing Niantic

CHICAGO (Heartland Newsfeed) -- Pokémon Go Fest was a huge misstep, to say the least. Developer Niantic held the Chicago-based festival in late July and quickly found itself unprepared for the realities of 20,000 people all playing Pokémon Go in one small area. As way of compensation, Niantic refunded everyone's tickets and gave away $ 100 in virtual currency for the mobile game, hoping that was enough. Attendees who flew in from out of town, however, have a larger bone […]

todayJuly 28, 2017 3

Business & Lifestyle

Starbucks to close all 379 Teavana locations

Ray Downs, United Press International Writer SEATTLE (UPI) -- Starbucks announced it will close all 379 of its Teavana locations after the tea shop showed poor sales and little hope of improving. "Following a strategic review of the Teavana store business, the company concluded that despite efforts to reverse the trend through creative merchandising and new store designs, the underperformance was likely to continue," Starbucks said in a press release disclosing its earnings. The closures are expected to affect more than 3,000 employees […]

todayJuly 28, 2017 3

Business & Lifestyle

House passes spending bill with $1.6 billion to begin border wall

Ray Downs, United Press International Writer WASHINGTON (UPI) -- The House approved a $788 billion national security bill Thursday that includes $1.6 billion towards a wall along the U.S.-Mexico border. The bill, which passed along mostly party lines, 235-192, mostly allocates money for programs other than beginning construction of the wall -- including energy, water, defense, the Army Corps of Engineers, and implementing a 5% raise in veteran's programs. GOP leaders praised the bill as a fulfillment of one of President Donald […]

todayJuly 27, 2017 4

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