President Donald Trump met with Microsoft Corp. co-founder Bill Gates at the White House on Monday, just days after releasing a budget proposal that would impose deep cuts on funding for many of the causes championed by the billionaire philanthropist. White House spokesman Sean Spicer said the two spoke about their “shared commitment to finding and stopping disease outbreaks around the world.”
Month: March 2017
USA Today names Joanne Lipman as new top editor
Gannett has named Joanne Lipman as the editor-in-chief of USA Today , one of the country’s biggest newspapers. Lipman has been with McLean, Virginia-based Gannett Co .
Betsy DeVos Hands Victory to Loan Firm Tied to Adviser Who Just Quit
Americans who default on some of their federal student loans are likely to pay more after Education Secretary Betsy DeVos reversed an Obama administration directive limiting some fees. But it turns out the Trump administration decision has some beneficiaries-including the father of a key DeVos lieutenant who just quit.
Dominion Diamond and Nektar climb; Wells Fargo dips
The bank reported numbers from February that indicated its sales practices scandal is still taking a toll on its business. The company said an experimental drug for attention deficit hyperactivity disorder didn’t meet its goals in a clinical trial.
PDVSA Said to Replace Refining Managers as Shakeup Deepens
Venezuela’s state oil company is replacing high-level managers at refining complexes and other divisions as it deepens a shake-up that began in January, according to people with knowledge of the situation. Managers at several of Petroleos de Venezuela SA’s major refineries have been replaced in the past weeks, Ivan Freites, a union leader, said Monday in a telephone interview.
Trump drops 220 spots on Forbes list of billionaires
President Donald Trump walks to the White House after arriving on Marine One, Sunday, March 19, 2017, in Washington. Trump is returning from a trip to his Mar-a-Lago estate in Palm Beach, Fla.
Wall Street Dips on Policy Jitters
Traders gather at the booth that trades Abbott Laboratories on the floor of the New York Stock Exchange, December 10, 2012. REUTERS/Brendan McDermid (
Two Ohio Coal-Fired Plants to Close, Deepening Industry Decline
Electricity company Dayton Power & Light said on Monday it would shut down two coal-fired power plants in southern Ohio next year for economic reasons, a setback for the ailing coal industry but a victory for environmental activists. Republican President Donald Trump promised in his election campaign to restore U.S. coal jobs that he said had been destroyed by environmental regulations put into effect by his Democratic predecessor, Barack Obama.
Target hires grocery veteran to recharge its food division
The Minneapolis, Minnesota-based chain said Monday that Jeff Burt will assume the title of senior vice president, grocery, fresh food and beverage on April 10. Burt was most recently the president of the Fred Meyer division of Kroger Co. and worked at that company for 30 years.
Genomics in Healthcare: A Game-Changer Thats Just Getting Started
Gene sequencing is playing a huge role in the push toward personalized medicine. The cost to sequence a genome is declining exponentially, and the amount of genomes that have been sequenced are rising in step.
Apple Stock: Next Stop, $155?
The world’s most valuable consumer tech company saw its shares hit a new high on Monday, after another Wall Street firm jacked up its price target. Apple has now soared 33% over the past year, a big move for a stock that seemed to be losing favor in a climate of sluggish growth and thinning margins.
Swedish singer Zara Larsson seeks to build U.S. fan base
Swedish pop star Zara Larsson may have racked up more than 1 billion streams on music service Spotify within a few days of her new album’s release, but the 19-year-old knows she still has some work to do in the United States. Her second album, “So Good,” came out on Friday.
3 Stocks That Are Ridiculously Cheap Right Now
With the market steadily pushing above and beyond its all-time highs, it’s becoming increasingly difficult to find stocks with compelling valuations. With this in mind, we asked three of our contributors which stocks they think are still bargains that might be worth buying right now.
The ‘Dig Once’ bill could bring better broadband to rural areas
Telephone and cable companies are routinely slammed for being slow to build infrastructure in rural areas. Critics wrongly attribute delays to “market failure,” claiming that because rural service yields low profits, carriers simply aren’t interested.
European Commission Seeking Unrestricted Airline Wet-Leasing Agreement with U.S.
The European Commission wants to eliminate restrictions on EU airlines from leasing planes and crews from U.S. carriers, according to Reuters . Wet-leasing, the practice of leasing crewed planes from other airlines, is common within the industry.
Mylan’s Government Connections Go Deeper Than Initially Reported
Mylan CEO Heather Bresch’s father sponsored a bill that made it easier for generic drugs to be substituted back in 1986. This helped Mylan become the largest generic manufacturer.
Bitcoin Moves Back Into the Green After Three-Day Decline
Bitcoin rose for the second consecutive session Monday, up following the five-week low it hit Saturday, less than a week after the SEC denied approval of the first bitcoin-based exchange traded fund. Get a First Look at the Dodge Demon — It Will Probably Be the Fastest Muscle Car Ever at Over 900hp
Behold a Floating Food and Wine Extravaganza: A Windstar/James Beard Foundation Cruise
These “recipe” verbs suggest a mixture combining cooking ingredients only, but a more interesting combination that fuses culinary components and sea-faring relaxation is the marriage the James Beard Foundation and Windstar Cruises to create the James Beard Foundation Portfolio, a group of cruises exclusive to Windstar. The cruise line, known for its luxury journeys on board its small fleet of stunning, sailboat yachts, added three ocean-going , triplet vessels in 2015, purchased from the top-tier cruise line Seabourn.
Intel and Micron’s new high-speed memory represents a huge opportunity: Jhonsa
The chipmakers’ 3D XPoint next-gen memory offers a middle ground between expensive DRAM and relatively slow NAND flash memory. It’s great for games, analytics and possibly more.
Why You Should Probably Still Devour Some of Sprouts Natural Market
News that privately held grocery store chain owner Albertsons Cos is considering the purchase of Sprouts Natural Market has sent shares surging in recent sessions. Sprouts operates more than 240 stores in 15 states that offer organic and health food, as well as natural home and personal care products.
UK Minister Tells Lawmakers Not to Delay Brexit
Britain’s top minister for leaving the European Union said Sunday that lawmakers should let Prime Minister Theresa May “get on with the job” of quitting the bloc, and the main opposition Brexit spokesman said he expects the divorce papers to be filed this week. Brexit Secretary David Davis said lawmakers should pass a bill authorizing exit talks on Monday without amendments so the government can enter EU negotiations “with no strings attached.”
Iran unveils domestically produced tank, production line
This picture released by the official website of the Iranian Defense Ministry on Sunday, March 12, 2017, shows a domestically manufactured tank called “Karrar” in an undisclosed location in Iran. Iran’s semi-official Fars news agency is reporting that the country has unveiled the domestically manufactured tank and has launched a mass-production line.
Week Ahead: Stocks Could Wobble if Fed Hints at More Than 3 Rate Hikes in 2017
Wall Street has slowly grown accustomed to the likelihood of three rates hikes this year. A hint of any more than that could cause market waves.
Trifecta Stocks: Hut 1, Hut 2…
The following commentary is an excerpt from the Weekly Roundup to Trifecta Stocks subscribers originally sent on March 10. Click here to learn more about this dynamic portfolio and market information service. While the stock market tried to rally this morning off of a very solid February jobs report that likely paves the way for the Fed to nudge interest rates higher next week, the S&P 500, Dow Jones Industrial Average and Russell 2000 all ticked lower for the week.
Op Ed: The surge in anti-Semitism? Here’s how to stop it
Almost daily accounts of vandalized cemeteries, spray-painted swastikas and bomb threats to JCCs and other Jewish agencies have naturally evoked considerable alarm. Clearly, we must never reconcile ourselves to an America where this is considered normal.
How Trump’s Vow To Protect Second Amendment Is Causing Turmoil for Outdoor Retailers
While U.S. President Donald Trump’s vow to “totally” protect the Second Amendment has eased gun owners’ worried minds, his lax stance on firearms is causing a negative impact on the outdoor retail industry. The F.B.I. said it conducted 2.23 million background checks in February, representing a 14% decline from February 2016.
AT&T Outage Takes Down 911 Lines
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Obituary listings for March 12, 2017
Bottoms, Mrs. Vara Louise Holland, 94, of Henrico, a retired nurse at Richmond Eye and Ear Hospital, widow of William D. Bottoms. Carter, Mr. William E. Jr., 96, of Richmond, a World War II Navy veteran, a retired attorney, husband of Catherine B. Carter.
Who and why, twin mysteries behind leak of CIA’s cybertools
This April 13, 2016, file photo shows the seal of the Central Intelligence Agency at CIA headquarters in Langley, Va. WikiLeaks’ release of nearly 8,000 documents that purportedly reveal secrets about the CIA’s tools for breaking into computers, cellphones and even smart TVs has given rise to multiple theories about whodunit and why.
Filmart: Chinese Actors Say Farewell to Hollywood
No longer content to play underdeveloped roles in overstuffed tentpoles, China’s screen talents are turning down L.A. offers in search of bigger paydays, greater exposure and meatier roles at home. Throughout the 1990s and 2000s, Hong Kong’s A-list talent weren’t considered true superstars until they had made their mark in Hollywood.
The Latest: Ousted S.Korea leader leaves presidential palace
In this Saturday, Feb. 25, 2017, file photo, a South Korean national flag with a picture of impeached South Korean President Park Geun-hye is seen during a rally opposing her impeachment in Seoul, South Korea. Hundreds of police officers, reporters and supporters of the ousted president have gathered near her Seoul home in anticipation of her return from the presidential palace.
Reza Aslan: “I Want To Be The Interpreter Of Religion For People”
Reza Aslan has spent a lot of time talking and writing about religion. You’ve likely heard from the religious scholar and author in appearances on CNN , perhaps in a contentious segment from 2014 during which Aslan fielded questions about whether Islam promotes violence .
How Trello Employees Use Trello
At Trello, we have a “don’t do nothing” mind-set, which is pretty much what it sounds like: If you see a problem that needs to be addressed, just go ahead and make a decision. That decision could be to do nothing at all, but the spirit of the principle is to never assume someone else has it covered.
Machine Learning: A New Weapon In The War Against Forced Labor And Human Trafficking
Recent United Nations estimates indicate that approximately 21 million people around the world are trapped in forced labor situations, including about 1.5 million in North America. Many of these people are being exploited in ways that have existed throughout history: About 22% are victims of “forced sexual exploitation,” with others made to work in agriculture, manufacturing, construction, or domestic labor, according to the report from the U.N.’s International Labor Organization.
After recalls, marijuana industry focuses on sharing test results
… (Blair Gable/Reuters) Solomon Israel is a producer and writer for CBC News, based in Toronto. He’s been on the business news beat since 2011, with stints covering technology, world, and local news. He can be reached at solomon.israel@cbc.ca …
Air Canada invites passengers to make cash offer to sit in better class
Want a more comfortable flight? On select Air Canada flights, passengers can now bid on a better seat. Sophia Harris has worked as a CBC video journalist across the country, covering everything from the start of the annual lobster fishery in Yarmouth, N.S., to potash prices in Saskatchewan.
Money laundering watchdog scrutinizes Facebook, social media
Award-winning reporter Elizabeth Thompson covers Parliament Hill. A veteran of the Montreal Gazette, Sun Media and iPolitics, she currently works with the CBC’s Ottawa bureau, specializing in investigative reporting and data journalism.
Storm to hit Northeast; blizzard watch for NYC, Boston
In this Friday, March 10, 2017 file photo, a woman walks through a winter snow storm in Philadelphia. On Saturday, March 11, 2017, meteorologists at the National Weather Service forecasted a blizzard watch for coastal regions including New York City and Boston for Monday night, March 13, 2017, into Tuesday and a winter storm watch for a larger area that includes much of New Jersey, Pennsylvania, upstate New York and New England.
Why Chipotle’s Southeast Asian chain couldn’t make it work
Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events All 15 locations of ShopHouse , the Southeast Asian fast-casual restaurant owned by Chipotle, will close on March 17. The closings, first reported by Nation’s Restaurant News on Thursday, left fans distraught. But it was easy to see the move coming after Chipotle announced in October that it was halting investments in the brand.
Bharara Firing Marks Exit of Tough Enforcer on Wall Street, Insider Trading
Bharara, appointed to become U.S. Attorney of the Southern District of New York by former President Barack Obama in 2009, on Saturday said on Twitter he has been fired from his post. On Friday, the Trump administration asked remaining U.S. attorneys appointed by Obama to resign, which Bharara refused, resulting in his forced ouster.