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The company, which was purchased by private equity firm Variant Equity Advisors for $270 million in 2019, said bus operations will continue as it undergoes a court-supervised sale of its assets.
Napoleon Harris III, chairman of the Illinois Senate's Insurance Committee for several years, recently became an "investor" with insurance brokers in Chicago's southwest suburbs. He denies any conflict of interest.
New guidance and a ruling includes plans to stop “partnership basis shifting” — a process by which a business or person can enter into a series of transactions to avoid taxes.
The Consumer Financial Protection Bureau issued a new rule that may ease small business owners' minds on offering the popular service.