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Business & Lifestyle

Furloughs, pay cuts in WWE leads to talent releases

STAMFORD, Conn. (Heartland Newsfeed) -- Unforeseen economic struggles as a result of the COVID-19 coronavirus epidemic has forced WWE to make some drastic changes Wednesday. WWE announced changes to staffing and compensation packages for executives among other measures, according to a report from Wrestling Observer's Josh Nason. A press release reveals these actions, which include decreasing operational expenses, cutting talent, staffing and consulting costs and delaying the headquarters move from Titan Towers by six months. WWE was identifying headcount reductions, making […]

todayApril 16, 2020 26

Business & Lifestyle

Illinois crop report reveals slow corn planting, wheat harvest

SPRINGFIELD (Heartland Newsfeed) – There were roughly five days suitable for crop fieldwork in Illinois over the past week ending Sunday, April 12, according to a U.S. Department of Agriculture report. The report was delivered Monday by crop statistician Mark Schleusener. Temperatures in Illinois are above average Across the Land of Lincoln, the average temperature during the week was 53.3 degrees. As a result, this is 4.7 degrees above normal. Rainfall is below average, moisture supply still adequate Unfortunately, rainfall was […]

todayApril 14, 2020 26

Business & Lifestyle

Four smart business moves to implement in 2020

Running a small business is a difficult task on its own. However, there are even more tasks to deal with during a global pandemic. This year has been an interesting time for everyone with the COVID-19 coronavirus epidemic. When managing a business, there are things to help survive anything coming your way.  Be flexible As we have seen, life can change very quickly. Those sudden changes include the way we do business. The companies that survive the unexpected turns of […]

todayApril 14, 2020 5

Business & Lifestyle

Four critical business lessons to remember after the COVID-19 pandemic ends

The COVID-19 coronavirus pandemic has stormed through the business world, wreaking havoc and leaving nothing but devastation behind for many. Many companies are placing their operations on hold. However, there’s certainly a different business outlook compared to six months ago. With that being said, it’s important to try and make the best out of a bad situation. Consider some of the key lessons your business can learn as a result of this global pandemic.  When you start thinking about it, […]

todayApril 14, 2020 10

Business & Lifestyle

E-Trade, Morgan Stanley agree to $13 billion acquisition deal

NEW YORK (UPI) -- Morgan Stanley announced plans Thursday to acquire digital investment firm E-Trade for $13 billion, continuing a trend of consolidations in the brokerage field. The Wall Street investment bank said it will pay $58.74 per E-Trade share in a deal expected to close later this year. Morgan Stanley said the move will combine its platforms with $3.1 trillion in client assets and upgrade its wealth management franchise into an industry leader. "The combination adds an iconic brand […]

todayFebruary 20, 2020 3

Business & Lifestyle

Private equity firm to buy majority stake in Victoria’s Secret

NEW YORK (UPI) -- Private equity firm Sycamore Partners agreed to buy a majority stake in the underperforming Victoria's Secret and spin it off into a privately held, standalone entity, the companies announced Thursday. The lingerie chain's owner, Columbus, Ohio-based L Brands, said Sycamore Partners will purchase a 55 percent stake in Victoria's Secret Lingerie, Victoria's Secret Beauty and PINK to create a separate company "focused on reinvigorating its market-leading businesses and returning them to historic levels of profitability and […]

todayFebruary 20, 2020 3

Business & Lifestyle

Midwestern farmers afraid spring will bring more widespread flooding

EVANSVILLE, Ind. (UPI) -- Midwestern farmers, who endured record-breaking floods in 2019 that hindered planting and harvesting, now face the strong possibility that widespread flooding will return for the 2020 planting season. "It will probably be more of the same," said Tom Christensen, a farmer in southeastern North Dakota who grows wheat, corn and soybeans. The problem, Christensen said, is that the ground still soaked from last year's flooding and it simply can't absorb any more water. "In much of […]

todayFebruary 6, 2020 12

Business & Lifestyle

Proposed legislation in Hawaii would allow banks to serve as cryptocurrency custodians

HONOLULU (Heartland Newsfeed) -- Proposed legislation in Hawaii's state legislature could change the banking system, allowing for the storage and custody of cryptocurrency. Senate Bill 2594 was filed and introduced in the Hawaii Senate with bipartisan support. The legislation would make it legal for banking institutions in the state to hold "digital securities," "virtual currencies," "digital consumer assets" and other "open blockchain tokens" for their customers and allow the court system to hear cases on digital asset claims. Democratic Sens. […]

todayJanuary 23, 2020 7

Business & Lifestyle

South Korea considering a crypto income tax of 20%

SEOUL (Heartland Newsfeed) -- Crypto holders living in South Korea may want to keep an eye out on recent actions being pursued by their government. A report released Monday from South Korean-based Yonhap News Agency revealed the country's Ministry of Economy and Finance's (SKMEF) tax office is reviewing a proposal that could result in the adoption of a cryptocurrency income tax, which could be as high as 20 percent. An unidentified official who spoke with Yonhap suggests that South Korea […]

todayJanuary 20, 2020 15

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