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Business & Lifestyle

Survey: Nearly half of Americans won’t be vacationing this summer

America has been dubbed the 'No-Vacation Nation' after research from Kimble Applications showed that many Americans choose not to use their vacation days. Yet recent data from Bankrate shows the reason behind America's lack of vacations goes a little deeper than simply being vacation-phobic. In a survey of 1,000 people over the age of 18, Bankrate found that of the 49% of Americans who don't intend to vacation this summer up to 50% said they can't afford it. Although vacationing […]

todayJune 1, 2018 108

Business & Lifestyle

Coinbase hit with two class-action lawsuits, one claiming insider trading

SAN FRANCISCO (Heartland Newsfeed) -- The popular cryptocurrency exchange Coinbase will be facing two new class-action lawsuits in Federal court, one of which accuses the exchange of insider trading. The first suit, filed Thursday, claims that Coinbase employees unfairly profited from the December listing of Bitcoin Cash (BCH), citing that the August spinoff from Bitcoin (BTC) and December 19 trading launch resulted in the price skyrocketing to nearly $1,000. Additionally cited that while this news was a surprise to everyone, […]

todayMarch 6, 2018 56

Business & Lifestyle

McDonald’s is bringing back a sauce that led to riots

OAK BROOK, Ill. (Heartland Newsfeed) -- A product featured on popular animated television program Rick & Morty, which triggered multiple riots in 2017, is prepared to make a comeback in 2018. McDonald's announced in a recent statement that they are bringing back Szechuan sauce and will ship out 20 million packets to all U.S.-based restaurants. The condiment was initially served in 1998 to promote the movie Mulan. Rick & Morty, a science-fiction comedy cartoon which airs on Turner Broadcasting's Adult […]

todayFebruary 25, 2018 45

Business & Lifestyle

Guitar company Gibson reportedly facing bankruptcy

NASHVILLE, Tenn. (Heartland Newsfeed) -- According to a report, Gibson, the iconic guitar brand whose Les Paul and SG instruments have been played by generations of musicians including Slash, Bob Marley and Carlos Santana since its 1902 founding in Kalamazoo, Mich., could be on the brink of bankruptcy.   Bill Lawrence, Gibson's chief financial officer, recently left the firm six months prior to $375 million in senior-secured notes were due to mature, according to a report by the Nashville Post […]

todayFebruary 19, 2018 44

Business & Lifestyle

Store closures rocked retail in 2017, with 2018 bound to be no different

NEW YORK (Heartland Newsfeed/CNBC) -- A larger-than-average slew of retail bankruptcies and stores being shuttered rocked the industry this year, making headlines and dragging even some of the better-performing companies such as Home Depot, TJ Maxx and Costco down with the dismal news. So far in 2017, 6,985 store closure announcements have been made, according to a tracker from FGRT (formerly Fung Global Retail & Technology). That's up more than 200 percent from a year ago, based on the firm's […]

todayDecember 27, 2017 351

Business & Lifestyle

State Rep: Bitcoin and blockchain here to stay as Illinois leads the way

CHICAGO (Illinois News Network) -- With the soaring price of digital currency Bitcoin, and the Chicago Mercantile Exchange Group set to launch futures beginning Dec. 17, one state representative says the technology is here to stay. Bitcoin broke $19,000 per coin Thursday before dropping 20 percent and then settling at more than $16,000. That’s more than triple what it was just three months ago. Back in 2010, Bitcoin prices were around $30. CME Group said on its website the value […]

todayDecember 8, 2017 19

Business & Lifestyle

Decatur passes budget out of balance by $3 million

DECATUR (Heartland Newsfeed/Illinois Policy Institute) -- As its population and tax base erode, the city of Decatur passed a budget for fiscal year 2018 more than $3 million in the red. The Decatur City Council passed a budget more than $3 million out of balance Dec. 4, citing growing costs and declining revenues. The shortfall is a combination of deficit costs and a decline in multiple revenue streams – including revenue from sales taxes, cables taxes and hotel taxes, which […]

todayDecember 7, 2017 92

Automotive News

Anheuser-Busch orders 40 new electric Tesla semis

ST. LOUIS (UPI) -- To reduce its carbon footprint, beer maker Anheuser-Busch said Thursday it's ordered 40 new, fully electric Tesla semis equipped with a semi-autonomous pilot system. The company said the 500-mile-range hauler, unveiled last month, will be used for shipments within 150 to 200 miles of its brewery locations. Tesla CEO Elon Musk said last month the rig drives like a sports car and "will blow your mind clear out of your skull and into an alternate dimension." James Sembrot, Anheuser-Busch senior director of […]

todayDecember 7, 2017 42

Business & Lifestyle

CVS Health, Aetna agree to $69 billion merger

WOONSOCKET, R.I. (UPI) -- CVS Health has announced it will buy insurer Aetna for about $69 billion, a deal which potentially could reshape America's healthcare industry. Both companies announced the acquisition Sunday, which had been the subject of negotiations for months. CVS will pay $207 per share for Aetna and its debt, and Aetna shareholders will receive $145 per share and about 0.84 of a CVS share for each Aetna share, the statement said. The combination of the two businesses would combine CVS, with […]

todayDecember 4, 2017 27

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