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205 Results / Page 23 of 23

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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 9

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 119

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 4

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 10

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 7

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 3

Business & Lifestyle

Chicago’s Best BBQ refutes false media reports about their business

CHICAGO (Heartland Newsfeed) -- A restaurant which has been active in Chicago's 34th Ward for the past three decades is fighting back against false media reports and "fake news" which has recently been levied against the business. In a press release made available Thursday, Best BBQ has proudly provided quality products and service to their customers since the late 1980s and expect to be around for the next three decades with continued support from the community. The release refutes the […]

todayDecember 1, 2017 7

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