Day: January 25, 2017

Letter: The airwaves need WUMD

We, the undersigned, have or have had a meaningful relationship with the University of Massachusetts-Dartmouth as employees, students or volunteers. And we are appalled by, protest and condemn the imminent sale of the University of Massachusetts’ beloved first-class radio station, WUMD.

With Senate okay, Nikki Haley makes history

Washington, Jan 25 – The US Senate has confirmed Nikki Haley to the cabinet-level position of ambassador to the UN, marking a major milestone in Indian American ascendancy in US politics. Haley, who has said she would work to reform the UN, was nominated to the position by President Donald Trump and won the support of an overwhelming Senate majority cutting across the political divide on Tuesday.

Trump FCC Chair Pick Puts Net Neutrality in Crosshairs

Ajit Pai, named the new chairman of the Federal Communications Commission by President Donald Trump yesterday, is likely to seek changes to the organization’s stance on Net Neutrality. Pai was one of two commissioners to vote against the FCC’s 3-2 approval of the Open Internet Order in early 2015.

Restaurants: The next front for the immigration debate?

In this Wednesday, Jan. 18, 2017 photo, Ben Hall, owner of the Russell Street Deli, poses with a sanctuary restaurant sign in Detroit. Dozens of restaurants are seeking “sanctuary” status, a designation owners hope will help protect employees in an … In this Wednesday, Jan. 18, 2017 photo, a sanctuary restaurant sign is shown on the door of the Russell Street Deli in Detroit.

Facebook CEO Zuckerberg reconsiders process to get land

The billionaire chief executive officer of Facebook on Tuesday said he is reconsidering the process by which he is trying to gain title to about a dozen small parcels of land on his sprawling estate in Hawaii. The move to get the land through a unique Hawaii law angered locals and prompted a state lawmaker to propose a bill that would force Mark Zuckerberg into mediation before buying real estate on Kauai.

Goldman’s Cohn Unlocks More Than $284 Million by Joining Trump

Gary Cohn’s jump from Goldman Sachs Group Inc. to Donald Trump’s administration is helping him unlock more than $284 million in pent up bonuses, stock holdings and other investments through the Wall Street bank. To help Cohn avoid conflicts of interest as Trump’s top economic adviser, the bank is letting its former president immediately collect about $65 million in cash and stock tied to its future performance.

Intesa Weighs Generali Deal That Would Reshape Italy Finance

Intesa Sanpaolo SpA said it’s considering a merger with Assicurazioni Generali SpA, a deal that would reshape Italy’s financial industry by combining its second-biggest bank and largest insurer. “Possible industrial combinations with Assicurazioni Generali are currently being examined by the bank’s management,” Intesa said in a statement late Tuesday.

Line Quarterly Profit, Sales Miss Projections as Growth Slows

Line Corp.’s fourth quarter profit and revenue fell short of analysts’ estimates, as Japan’s biggest instant messenger seeks to fuel growth by expanding abroad and into advertising. Operating profit was 1.6 billion yen in the three months ended Dec. 31, according to calculations based on full-year numbers released by Line on Wednesday.

Novartis Mulls Options Including Spinoff, IPO for Eye-Care Unit

Novartis AG proposed buying back $5 billion of shares and said it’s considering separating its embattled eye-care division after projecting that sales this year at Europe’s second-biggest drugmaker will likely be largely unchanged from 2016. Earnings, excluding some expenses, will probably remain flat or decline by a “low single digit” percent in 2017 as its top-selling medicine faces increasing competition from cheaper copycat drugs, the Basel, Switzerland-based company said Wednesday in a statement.

Santander Profit Rises to $1.7 Billion, Beating Estimates

Banco Santander SA said fourth-quarter profit rose to 1.6 billion euros on lower provisions for bad loans and higher income from fees and from its business in Brazil. Net income at Spain’s biggest bank compared with 25 million euros a year earlier when profit was hit by charges, including provisions for the wrongful sale in the U.K. of payment protection insurance.

Novartis Misses Q4 Earnings Estimate, Mulls Alcon Spin-Off

Novartis missed analysts expectations with its fourth quarter earnings but launched a $5 billion share buyback program and said it may sell its Alcon eye care unit. Novartis AG missed analysts expectations with its fourth quarter earnings but launched a $5 billion share buyback program and said it may sell its Alcon eye care unit.

Taiwan ATM hack: Three jailed over $2.6m theft

Three Eastern European men have been jailed in Taiwan over the theft of $2.6m from cash machines around the country. They are part of a network of criminals who used malware to hack into 41 First Commercial Bank machines in three different cities in July last year.

Trump Pins Keystone, Dakota Pipeline Fate on Renegotiation

President Donald Trump took steps to advance construction of the Keystone XL and Dakota Access oil pipelines, while demanding a renegotiation to get a better deal for the U.S. government. Trump stopped short of green lighting construction on either pipeline but put a deadline on the government’s review of TransCanada Corp.’s proposed Keystone XL to transport Alberta oil sands crude to U.S. refineries.