Month: February 2017

U.S. Labor Dept. Responds to Trump’s Fiduciary Order

National Economic Council Chairman Gary Cohn, center, and White House Senior Adviser Jared Kushner, right, listen as President Donald Trump speaks while hosting breakfast with business leaders in the Roosevelt Room of the White House. ( The U.S. Labor Department is looking into delaying the implementation date of its new fiduciary rule governing the advice that brokers can give about retirement investments, it said on Friday, after President Donald Trump called for a review that could ultimately lead to scrapping it.

Trump on jobs report: ‘It’s going to continue, big league’

President Donald Trump greeted news of a robust January jobs report Friday with his signature blend of gusto, self-promotion and promises of good times yet to come. Flanked by leading CEOs who met with him at the White House, Trump suggested that his November election victory had lifted America’s morale – and emboldened many employers to step up hiring.

Super Bowl online: See the game, learn some new taunts

In this Wednesday, Feb. 1, 2017, file photo, an attendee snaps a photo of the Vince Lombardi Trophy and team helmets during NFL Commissioner Roger Goodell’s news conference for Super Bowl 51, in Houston. The Atlanta Falcons will face the New … England Patriots in the Super Bowl on Sunday.

Pipeline projects in limbo as energy commissioner departs

Major natural gas pipeline projects along the East Coast and Midwest face uncertainty as the federal agency that oversees the work loses a commissioner and will be unable to decide on projects indefinitely under President Donald Trump. Democrat Norman Bay is stepping down Friday from the Federal Energy Regulatory Commission, leaving the five-member panel with just two commissioners, one short of the number needed to form a quorum.

‘Obamacare’ sign-ups show slippage in preliminary report

The government says about 9.2 million people signed up for coverage this year through HealthCare.gov, the health insurance website serving most states. The preliminary numbers out Friday don’t include figures from 11 states that run their own health insurance markets, so the final national number will be higher.

Major bridge to stay closed 2 more months for repairs

A heavily traveled bridge linking Pennsylvania and New Jersey that has a fractured steel truss is expected to remain closed for at least two more months, Pennsylvania Turnpike officials said Friday. The turnpike commission told The Associated Press they are still trying to determine what went wrong with the Interstate 276 span over the Delaware River.

The Fiduciary Rule: Pros and Cons

On February 3, 2017, President Donald Trump signed an executive order that asks for a Labor Department review of the fiduciary rule, which will almost certainly delay its implementation beyond the currently-scheduled April 10, 2017 date. Here’s what you need to know about the fiduciary rule, and why there is strong opposition to it within the financial industry.

3 Stocks That Could Make You Rich

First of all, there’s no reliable way to get rich quickly in the stock market, and these three stocks aren’t going to do it for you. On the other hand, smart long-term investing is perhaps the most reliable path to wealth.

Trump’s FCC closes AT&T and Verizon zero-rating inquiry – CNET

There’s a new sheriff in town at the Federal Communications Commission, and he just gave AT&T and Verizon a big pass. The FCC said Friday it would end its inquiry into the companies’ so-called zero rating offers that allow customers to watch video from certain applications from their mobile devices without it counting against their monthly data caps.

The soup business has grown cold. Inside Campbell’s plan to turn up the heat.

In the research and development kitchen at Campbell Soup, chef Todd Lyons spent much of the past 18 months fine-tuning a batch of new recipes. Would shoppers go for chicken noodle soup with kale added as a healthful twist? Would a cauliflower soup seasoned with dill land in their shopping carts? Lyons was creating the culinary prototypes for two of three new lines that the packaged-food empire has rolled out on supermarket shelves in recent months.

Trump to target long-awaited rule meant to protect retirement savers

FEBRUARY 03: U.S. President Donald Trump delivers opening remarks at the beginning of a policy forum with business leaders chaired by Blackstone Group CEO Stephen Schwarzman in the State Dining Room at the White House February 3, 2017 in Washington, DC. Leaders from the automotive and manufacturing industries, the financial and retail services and other powerful global businesses were invited to the meeting with Trump, his advisors and family.

U.S. Said to Plan Announcement of $8.2 Billion F-35 Contract

The White House is planning to announce on Friday a contract for 90 F-35 jets from Lockheed Martin Corp. valued at as much as $8.2 billion, according to a source familiar with the plan who asked not to be identified. The contract represents the 10th and latest tranche in a $379 billion program, the Pentagon’s most expensive, which has come under fire by President Donald Trump for “out of control” costs.

Dakota Access Pipeline Seen Operational in Second Quarter

The $3.8 billion Dakota Access crude oil pipeline won’t start up until the second quarter of this year, according to stakeholder Phillips 66. Energy Transfer Partners LP, the developer of the pipeline, had previously said the project would be in service in the first quarter, which was delayed from its original projection of the fourth quarter of 2016. Vicki Granado, a spokeswoman for Energy Transfer, didn’t immediately respond to request for comment.

Nissan recalls Altima; door may open if window rolled down

The company is recalling nearly 363,000 of the midsize cars worldwide from the 2015 through 2017 model years because the doors might open if a rear window is lowered. Documents posted Friday by the National Highway Traffic Safety Administration show that the latch and lock cable in the doors may not have been routed properly at the factory.

Johnson & Johnson Is Becoming a Far Riskier Investment

The health giant has increased its dividend for 54 consecutive years, putting it among the elite of Dividend Aristocrats . Also, until the quick rise and fall of hepatitis C drug Olysio, Johnson & Johnson had a better than three-decade-long streak of increasing its adjusted earnings per share on a year-over-year basis.

3 Reasons Phillips 66’s Earnings Were Such a Disappointment

Not only did those problems grow worse during the fourth quarter, but a range of items across several of the company’s other business segments caused its earnings to deteriorate even further. As a result, the company did not even come close to meeting expectations when it reported fourth-quarter results on Friday morning, as adjusted earnings were just $0.16 per share, which was $0.24 less than analysts’ expectations.

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Last quarter was its worst yet, with revenue sliding another 5% sequentially while its net loss widened. However, oil prices have improved significantly over the past several months, causing some green shoots to start appearing.

Here’s Why CF Industries Stock Gained 10.7% in January

In addition, long-beaten-down investors are finally seeing the light for a recovery in agricultural nutrient prices. The stock had a ho-hum start to 2017 until analysts at B of A Merrill Lynch changed their rating from hold to buy on January 20, citing likely improvements in earnings starting this year.

Vanity Fair, New Yorker Bail on White House Correspondents’ Dinner Events

Less than a month after the president met with Conde Nast top editors at their Manhattan headquarters, two of the magazine company’s flagship titles – The New Yorker and Vanity Fair – are dropping White House Correspondents’ Dinner-themed events. The New Yorker canceled plans to host an event at the W Hotel, located a block from the White House, as it has in previous years, a magazine spokesperson confirmed.