BUSINESS

Nov 20 2024BUSINESS

Hasbro's New CEO Refocuses on Interactive Play

Chris Cocks, a gamer at heart, took over as CEO of Hasbro in 2022. He’s no stranger to planning strategies for victory. But when he took control of Magic: The Gathering's blue decks, he knew it would require patience and planning. Similarly, he’s navigating Hasbro through a challenging time. Toy sal

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Nov 20 2024BUSINESS

How a Young Designer Turned Unsold Bags into a Million-Dollar Business

Jenny Lei, a former UX designer, found herself with a problem. She had invested $30, 000 in handbags and couldn't sell them. Instead of giving up, she decided to design her own work totes. Her first prototype was a disaster, but she didn't let that stop her. She traveled to China and found a factory

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Nov 20 2024BUSINESS

Comcast Spins Off Cable Channels: A New Chapter in Streaming Era

In the ever-evolving world of media, Comcast has decided to spin off its NBCUniversal cable channels, including MSNBC and CNBC. This move comes as a response to the rise of streaming services, which have significantly reduced the popularity of traditional cable TV. The company aims to create a new,

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Nov 20 2024BUSINESS

Comcast Sets to Divide Its Cable Networks

Comcast is preparing to separate its cable network channels, insiders informed CNBC on Tuesday. This move is expected to take around a year, with an official announcement potentially arriving as soon as Wednesday. Mark Lazarus, who currently heads NBCUniversal's media group, will lead this new entit

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Nov 20 2024BUSINESS

Waukegan's Property Taxes Stay Steady, But Future Uncertain

For the fourth year running, Waukegan is keeping its property tax levy the same. City officials, however, warn that this might not last. The city's finance director, Don Schultz, says rising costs, especially for police and fire department pensions, could force a change soon. The city council approv

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Nov 20 2024BUSINESS

Why Data Caps Might Not Be So Bad After All

Imagine this: You're enjoying your favorite show online, and suddenly, you're hit with a data cap. You might think, "That's not fair! " But hold on. Cable companies and the incoming FCC chair have a different view. They believe data caps are actually good for you. Let's dive in and see why. In the

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Nov 20 2024BUSINESS

Shortline Railroads: Embrace Tech or Risk Extinction

Meet Michael Miller, the CEO of Genesee & Wyoming, the biggest shortline railroad operator. He's got a wake-up call for the industry. "It's time to get moving, " he said at a recent conference. With 125 years under their belt, these railroads can't rely on old tricks to stay profitable. They must bl

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Nov 20 2024BUSINESS

Crypto Bakkt and Trump's Social Media Firm: A Potential Deal

Everyone's talking about Trump Media & Technology Group (TMTG) now that news has spread about their talk to buy Bakkt, a crypto trading platform previously led by Senator Kelly Loeffler, a staunch Trump supporter. The valuation keeps everyone guessing, but Bakkt's shares sure got a boost, rising ove

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Nov 20 2024BUSINESS

Meet Howard Lutnick: Trump's Commerce Secretary Pick

Ever wondered who's behind Trump's choice for commerce secretary? Meet Howard Lutnick, a influential businessman with a remarkable past. He's the head of Cantor Fitzgerald, a major investment bank, and he's linked to Trump through their times on "The Apprentice. " If picked, Lutnick would lead the C

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Nov 20 2024BUSINESS

Bay Area Bridge Tolls: Going Up Again?

Are you ready to pay more to drive across Bay Area bridges? The Bay Area Toll Authority is considering another toll hike starting in 2026. They want to know what you think at a public meeting next Wednesday. The meeting is at their headquarters in San Francisco and online, starting at 9:35 a. m. You

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