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Business & Lifestyle

Illinois state Rep. Chad Hays won’t seek re-election in 2018

SPRINGFIELD (Heartland Newsfeed via Illinois Policy) -- State Rep. Chad Hays (R-Catlin) announced Monday that he will not seek re-election to his seat in 2018. He was first elected to Illinois House of Representatives in 2010 and has served in the House as assistant minority leader since 2013. The announcement comes just one day after Hays joined 14 other Illinois House Republicans in voting for a permanent income tax increase. The tax increase, which would impose $5.4 billion in higher […]

todayJuly 3, 2017 6

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 2

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 2

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 4

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 9

Business & Lifestyle

UPDATE: Matt Hughes stable after train collision

RAYMOND/SPRINGFIELD (Heartland Newsfeed) -- Officials with the Illinois State Police are still investigating a major collision between a truck and train on Beelers Trail in Raymond. A family statement made Sunday morning, June 18, noted some positive news: Our family is overwhelmed by the outpouring of love and support. Please understand that there are many false reports out there by people who say they are close to the family. We will post another update here when we have more news. Matt […]

todayJune 24, 2017 14

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 25

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 19

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 26

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