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Business News

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Business & Lifestyle

Decatur manufacturer supports Rauner push to lower income and property tax burden

DECATUR (Illinois News Network) -- Gov. Bruce Rauner says he wants to lower the state’s income tax, and one central Illinois manufacturer says that will help. Kicking off a statewide campaign swing Monday at Decatur manufacturer T/CCI, Rauner laid out four things he’s focusing on. “Everybody, whether you’re a Democrat or a Republican, everybody in the state of Illinois agrees on these four things: Bring down our property taxes, roll back the income tax hike, get term limits on elected officials, […]

todayNovember 13, 2017 11

Business & Lifestyle

Twitter rolls out double character count after testing

SAN FRANCISCO (UPI) -- Twitter announced Tuesday it is doubling the character limit for most users' tweets after two months of testing shows the possibility of expanded content shouldn't "substantially change" the timeline reading experience. The social media company started testing the 280-character limit in September for some users tweeting in languages that tend to have "cramming issues." More "dense" languages like Japanese, Korean and Chinese don't have as many problems keeping posts under the 140-character limit unlike English, Spanish or […]

todayNovember 8, 2017 6

Business & Lifestyle

UPDATE: Current fundraising totals from Illinois Democratic and GOP gubernatorial candidates

SPRINGFIELD (Heartland Newsfeed) -- On Friday, Eric Kirchberg reported campaign funds, as reported by the Illinois Campaign for Political Reform regarding regional races, including the gubernatorial race. However, more information has come to light regarding campaign funds for six Democratic candidates and three Republican candidates running in the March 20 primary. Governor Bruce Rauner (R-Winnetka), the incumbent seeking a second term, currently has $72 million in campaign funds, which includes a $50 million contribution he made to his re-election fund […]

todayNovember 5, 2017 13

Business & Lifestyle

MLB: Contract option picked up for Brantley, McCutchen, Altuve, Gonzalez, Tanaka; declined for Ichiro

CLEVELAND/PITTSBURGH/HOUSTON/NEW YORK/MIAMI (UPI) -- The following contract options in Major League Baseball (MLB) were exercised and/or declined as of Saturday, November 4: Injuries shortened Michael Brantley's past two seasons, but the Cleveland Indians exercised his $11.5 million option for 2018 on Friday. The 30-year-old Brantley hit .299 with nine homers and 52 RBIs in 90 games this season. His strong first half netted him an All-Star spot but he went on the disabled list twice and had right ankle surgery on Oct. 18. […]

todayNovember 4, 2017 2

Automotive News

BMW recalls 1.4 million vehicles over fire risk

WOODCLIFF LAKE, N.J. (UPI) -- German automaker BMW announced Friday it is recalling 1.4 million vehicles in North America over fire risks. The company issued two recalls with the National Highway Traffic Safety Administration. The first affects some 740,000 vehicles, including the 1-, 3- and 5-Series, Z4, X3 and X5 from model years 2007-11. These vehicles may develop a rusty crankcase ventilation valve, posing a fire risk. The second recall is for about 673,000 vehicles, which have faulty heating and air conditioning wiring. Electrical […]

todayNovember 4, 2017 4

Business & Lifestyle

GOP billionaire donor Mercer leaves firm, sells stake in Breitbart News

LOS ANGELES (UPI) -- Conservative billionaire donor Robert Mercer on Friday announced he will step down as co-CEO of a $97 billion investment fund and sell his stake in Breitbart News. In a letter to investors, Mercer said his daughters will obtain his share of the conservative news outlet, which recently re-hired former White House strategist Steven Bannon as its executive chairman. Mercer indicated in the letter that he and Bannon have experienced political differences. "I have great respect for Mr. Bannon, and […]

todayNovember 4, 2017 4

Business & Lifestyle

Reports: Broadcom making return to US, plans to buy Qualcomm in bid

WASHINGTON (UPI/Reuters) -- Broadcom Ltd. will bring $20 billion in revenue to the United States when it relocates its headquarters from Singapore, President Donald Trump said Thursday when he hosted the CEO of the semiconductor company at the White House. Trump hailed the announcement during remarks he made in the Oval Office on jobs and the Republican tax plan. "They employ over 7,500 American workers in many states across our country," the president said of Broadcom. "And we're looking forward to seeing that number […]

todayNovember 4, 2017 12

Business & Lifestyle

Tesla shares drop after posting wider-than-expected loss

PALO ALTO, Calif. (CNBC) -- Tesla shares fell Wednesday after the company posted a wider-than-expected loss as it spent heavily to ramp up production of its Model 3, its first mass market electric sedan. Complications with Tesla's manufacturing processes have slowed production of the Model 3, a car widely considered key to Tesla's future success. Hopes for the Model 3 have helped propel Tesla's stock so far this year. But in a letter to shareholders, Tesla warned it expects to […]

todayNovember 3, 2017 5

Business & Lifestyle

WWE releases Emma, Darren Young, Summer Rae from their contracts

STAMFORD, Conn. (UPI) -- World Wrestling Entertainment (WWE) announced it has come to terms on the releases of Emma, Darren Young and Summer Rae. "WWE wishes them the best in all of their future endeavors," the organization said on its website Sunday, without offering further details about their departures. ESPN.com said this is the first time since May 6, 2016, that the WWE has announced the releases of multiple athletes. On that day, Wade Barrett, Damien Sandow, Santino Marella, Alex Riley, Cameron, El Torito, Hornswoggle […]

todayOctober 31, 2017 20

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