Business Briefing
nwitimes.com - Business Briefing
Tuesday, August 14th, 2018
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NWI Business Ins and Outs: Once upon a Child, Verona Pizza, and Octave Grill reopen

Last June, a fire that started at Colonial Cleaners in Valparaiso ended up ravaging through the Thornapple Plaza strip mall on U.S. 30, dis… Read more

NWI Business Briefing

BP Midstream Partners beats forecast with $30.5 million profit

BP Midstream Partners LP, a spinoff company that owns the pipelines that bring oil to, and ship refined gasoline from, the BP Whiting Refin… Read more

Centier bank tower rappelling fundraiser to return next year

If you missed your chance to climb down the side of the five-story, 98-foot-tall Centier Corporate Centre tower in Merrillville in July, yo… Read more

Michigan City seeking ideas for new downtown plaza

MICHIGAN CITY — Consultant Roger Brooks started the brainstorming on the city’s new downtown plaza with ideas that ranged from restaurants … Read more

Mind on Money: Who pays 401(k) expenses?

A very faithful reader emailed me a question this week that I thought was worth addressing in the column. Read more

National Business Briefing

Can consumer loans ever be so expensive they break the law? The California Supreme Court says yes

California's high court has ruled that interest rates on consumer loans can be so high that they become "unconscionable" and, therefore, illegal - a decision that could call into question the validity of millions of loans and upend the state's subprime lending market. In a unanimous opinion released Monday morning, the California Supreme Court said courts "have a responsibility to guard ... Read more

Bankrate: Most Americans are worried about their health insurance — especially women

There's a reason health care has turned into a major issue for the 2018 campaign season: Americans are fearful. The rising cost of health insurance and efforts by Republicans in Washington to undercut protections for pre-existing conditions and the Affordable Care Act writ large have left many financially insecure and worried over what the future may bring. In millions of American households, ... Read more

Elon Musk reveals where he plans to get funding to take Tesla private

Tesla Chief Executive Elon Musk said Monday that his tweet about having "secured" funding to take the electric-car maker private were based on meetings with Saudi Arabia's sovereign fund that left him "with no question" that they could strike a deal. But others remained unconvinced that the billionaire has yet secured the tens of billions of dollars likely needed to buy Tesla and turn it into ... Read more

Here's Mark Cuban's advice to Tesla CEO Elon Musk and the company's shareholders

It's been a topsy-turvy couple of weeks for Elon Musk, the man behind electric car company Tesla. Musk, who has never been shy to share his opinion on anything and everything, has taken some criticism for recent tweets in which he shocked investors by saying he was thinking about taking Tesla private. But he does at least have a friend in Dallas Mavs owner and tech entrepreneur Mark Cuban. ... Read more

Airbnb hosts scramble after Chicago sends notices to 2,400, rejecting registrations for short-term rentals

Airbnb hosts throughout Chicago are concerned and confused after receiving notices from the city last week informing them they could face potential fines if they don't remove their units from the home-sharing platform within seven days. The notices, sent to more than 2,400 people via email, rejected Airbnb hosts' applications to register under the city's short-term rental ordinance. The ... Read more

Porn watchers beware: New email scam attempts 'sextortion'

The mysterious hacker claimed to have the goods on Ed Eisen and threatened to release a video of him watching porn unless he paid $7,000. The July 27 email from "Sylvie Whitia" detailed an elaborate scheme to collect Eisen's contacts, compromise his computer webcam, and record him enjoying adult websites. He had just 24 hours to pay up in Bitcoin, or else his friends and family would be sent ... Read more

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