As more money managers help expand the exchange traded fund universe, investors are now able to capitalize on established management team’s research capabilities and investment styles.
5 Recalls this week: Toddler swings, toys, chain saws
More than 500,000 toddler swings are being recalled because the seat can crack or break. Other recalled consumer products include toys with potentially dangerous battery components and chain saws with leaky fuel lines.
FCC Chairman Goes After His Predecessor’s Internet Privacy Rules
The newly appointed Republican chairman of the Federal Communications Commission is moving to scale back the implementation of sweeping privacy rules for Internet providers passed last year. Chairman Ajit Pai on Friday asked the FCC to hit pause on the rollout of one part of those rules that was scheduled to go into effect next week.
Recent college grads now more likely to have good jobs, opportunity
Film Major Paul Lurie uses his graduation cap to help his job search at the Wang Center during Emerson College’s 124th commencement ceremony. It reads, “Will write for food.”
Doubts grow over stock marketa s Trump-inspired surge
President Donald Trump acknowledges the crowd after he addressed the Conservative Political Action Conference at the Gaylord National Resort and Convention Center February 24, 2017 in National Harbor, Maryland. While American stock markets have enjoyed a good run since Trump’s election, there are beginning to appear some concerns over whether the so-called “Trump Effect” will last.
Schwarzman’s $425 Million Payout Leads Private Equity Titans
The Blackstone Group LP co-founder received $378 million in dividends on his stock ownership in 2016, according to calculations based on the firm’s annual report filed Friday with U.S. regulators. Add that to his cut of deal profits, salary and other compensation, and Schwarzman took home $425 million, down from $734.2 million the previous year.
Aflac Starts Infrastructure Debt Investing in U.S., Japan
Aflac Inc., the largest seller of supplemental health insurance, has started betting on infrastructure debt at its U.S. and Japan businesses. The insurer, which pushed into that asset class in the fourth quarter, invested $13 million in the debt last year at its Japan operation and $2 million at its U.S. business, according to a regulatory filing Friday.
Petrobras settles four more lawsuits with investors in the U.S.
Feb 24 Brazil’s state-run oil company Petroleo Brasileiro SA, or Petrobras, said on Friday its board has approved settlements with investors in four more lawsuits in a U.S. federal court in New York. In a securities filing, Petrobras said the new settlements would raise total provisions for the lawsuits to $372 million in the fourth quarter, $8 million above the quarter ended in September.
BRIEF-Stephen Sherwin to from Rigel Pharmaceuticals board
WASHINGTON, Feb 24 The U.S. Federal Communications Commission will block some Obama administration rules that subject broadband providers to stricter scrutiny than websites, a spokesman said on Friday, in a victory for internet providers such as AT&T Inc, Comcast Corp and Verizon Communications Inc.
11 Ways to Get the Lowest Mortgage Refinance Rate
In the hunt for the lowest mortgage refinance rate, there are some things you can control and some you can’t. Rates moving up just when you’re about to refi? Can’t control that.
11 Ways to Get the Lowest Mortgage Refinance Rate
In the hunt for the lowest mortgage refinance rate, there are some things you can control and some you can’t. Rates moving up just when you’re about to refi? Can’t control that.
Why Your Tax Refund Is Ideal for Paying Credit Card Debt
If you’ve ever promised to pay off your credit card debt “when you have more money,” now’s your chance. The Internal Revenue Service estimates that 70% of taxpayers will get refunds this year.
Why Your Tax Refund Is Ideal for Paying Credit Card Debt
If you’ve ever promised to pay off your credit card debt “when you have more money,” now’s your chance. The Internal Revenue Service estimates that 70% of taxpayers will get refunds this year.
Week in Review, February 25
Carlos Tavares, PSA chief executive, this week laid out his vision for Opel as a global, profitable entity if General Motors agrees to sell the European brand to the French carmaker, writes Peter Campbell . He said the marque, which owns Vauxhall in the UK and has been lossmaking since the turn of the century, would be exported to markets where Peugeot and Citroen are not strong in the future.
Cigna, Humana Among Insurers Meeting with Trump on Monday
Representatives from Cigna , Humana and the Blue Cross Blue Shield Association are all scheduled to meet with U.S. President Donald Trump on Monday, the companies confirmed on Friday. Cigna’s CEO David Cordani and Humana CEO Bruce Broussard will attend, representatives from both companies said.
Alphabet’s Google to Shut Down Messaging App ‘Spaces’
Alphabet’s Google will shut down its messaging app “Spaces” on April 17. “Spaces” was the company’s attempt to get in on the group messaging space, allowing users to join small groups to discuss various topics. Its key feature was that it allowed users to pull in Google’s search services and YouTube videos automatically.
Tesla’s Musk Hints at Another U.S. Gigafactory
In the letter to shareholders on Thursday, Tesla announced plans to build several Gigafactories, with locations to be announced later this year. Two are expected to be in Asia and Europe.
HP Enterprise’s Struggles Might Have a Lot to Do With Microsoft
Weak demand from an unnamed “tier-1 service provider” is hurting HPE’s server sales and portends some troubling developments. Microsoft’s cloud unit is the most likely culprit.
Using ETFs to Control Volatility in International Investments
Many may be wary of overseas risks, but more are looking toward global assets to diversify away form an extended bull run at home. Through an active international exchange traded fund strategy, investors can also limit risks while gaining exposure to the growth potential of foreign economies.
FCC chairman delays implementation of internet privacy rules – CNET
Chairman Pai has asked his fellow commissioners to vote to delay implementing part of the FCC’s new privacy rules as it considers petitions that challenge the regulation. The Federal Communications Commission’s new chairman Ajit Pai is hitting the pause button on internet privacy regulations put in place during the Obama administration, which wireless and broadband companies have complained are unfair.
FCC chairman delays implementation of internet privacy rules – CNET
Chairman Pai has asked his fellow commissioners to vote to delay implementing part of the FCC’s new privacy rules as it considers petitions that challenge the regulation. The Federal Communications Commission’s new chairman Ajit Pai is hitting the pause button on internet privacy regulations put in place during the Obama administration, which wireless and broadband companies have complained are unfair.
Regulatory scrutiny may put firms without adviser text messaging policies at risk
Last December, State Farm became the most recent company to settle a multimillion-dollar class action lawsuit alleging violations of the Federal Communications Commission’s Telephone Consumer Protection Act . This follows a massive settlement by Wells Fargo in the summer of 2016 for various alleged TCPA violations for its mortgage loan practices.
Cyber Espionage Seen Expanding to Grasp Trump Policy Changes
U.S. government agencies, think tanks and political groups should expect an increase in cyber espionage as countries like Iran try to grasp changing foreign and military policies under the new Trump administration, according to an executive with cybersecurity company FireEye Inc. Nations regularly spy on one another but with President Donald Trump espousing unconventional approaches to foreign policy, there is an heightened urgency to know what shifts may occur, according to John Hultquist, FireEye’s manager of cyber espionage analysis.
Price drop
It’s the only thing they can afford to eat at the moment. “I go to the kitchen and there’s no fish, nothing,” he says.
FCC chair to block implementation of stricter broadband privacy rules
The new U.S. Federal Communications Commission chief will move to block broadband privacy rules, approved by the Obama administration, that subject broadband providers to stricter scrutiny than websites, a spokesman said on Friday, in a victory for internet providers like AT&T Inc, Comcast Corp and Verizon Communications Corp. The spokesman for FCC Chairman Ajit Pai said Pai believes all companies in the “online space should be subject to the same rules, and the federal government should not favor one set of companies over another.” Pai plans by March 2 to delay the implementation of the rules which subject companies to stricter oversight than websites under Federal Trade Commission rules, the spokesman said.
Health Insurers Said to Meet With Trump on Obamacare Replacement
Top executives from U.S. health insurers will meet Monday with President Donald Trump at the White House as Republicans work to repeal and replace Obamacare, according to a person familiar with the situation. The list of who will be in attendance wasn’t available.
Trivago Shrugs Off New Competition From Priceline, TripAdvisor
Trivago NV, the German hotel search site that went public in December, isn’t concerned about competitive threats from rivals TripAdvisor Inc. and Priceline Group Inc., as the market is still big enough for everyone to grow. Sales are expected to increase 45 percent to around 1.1 billion euros in 2017, the Dusseldorf, Germany-based company said Friday, sending shares up as much as 4.8 percent in New York.
North America’s Biggest Auto-Parts Maker Sees Border Tax Danger
North America’s largest auto parts maker said a border adjustment tax being studied by President Donald Trump would probably hurt the automobile industry, while also increasing the odds that future factories will be located in the U.S. Canada’s Magna International Inc. said the growth of “protectionist sentiments” could hurt its operations and profitability, according to a company statement Friday. The manufacturer is closely watching a potential tax overhaul in the U.S., Chief Executive Don Walker said on a conference call with analysts and investors.
What is Porting and What Does It Mean for Your Small Business Phone?
As a small business, continuity is a challenge when you move to a new location . While the physical move will displace some of your customers until they get used to the new location, your phone number can come along with you, meaning you don’t have to get a new one.
Brief-Waterstone Financial Quarterly Earnings Per Share $0.23
WASHINGTON, Feb 24 The new U.S. Federal Communications Commission chief will move to block broadband privacy rules, approved by the Obama administration, that subject broadband providers to stricter scrutiny than websites, a spokesman said on Friday, in a victory for internet providers like AT&T Inc, Comcast Corp and Verizon Communications Corp.
CN power outage halts train movement in Ontario
Feb 24 Passenger and freight train service across south-eastern Ontario were halted on Friday following a power outage at Canadian National railway’s rail traffic control center, a CN spokesman said. “Our crews have been working to restore those systems and that is fully underway.
Tommy Hilfiger just listed his ‘whimsical’ Miami mansion for…
He recently listed the property for $27.5 million, a property which includes yellow polka-dot and scratch and sniff wallpaper that Hilfiger installed. If the property gets its asking price, it will become the most expensive property to sell in the Miami-area town of Golden Beach.
These are the 18 most reliable used cars of 2017
When it comes to buying a used car, reliability is paramount. Fortunately for car buyers, J.D. Power released its 28th annual Vehicle Dependability Study this week.
Outback parent company announces dozens of restaurant closures…
Bloomin’ Brands, the parent company of the Outback Steakhouse, Carrabba’s, Bonefish Grill, and Fleming’s Steakhouse chains, has announced plans to close multiple restaurants. a loss of $4.3 million in the fourth quarter that it would close 43 underperforming restaurants.
Meg Whitman’s warning on border tax: ‘It actually lowers the…
Meg Whitman, CEO of Hewlett Packard Enterprise, said she is concerned about the proposed border adjustment tax being pushed by Republicans in Congress, one day after US President Donald Trump spoke favorably about it. “The border adjustment tax is not good for companies that have a relatively low margin with a supply chain that is outside the United States.
Trump again slammed Sweden’s immigration policies at CPAC 2017…
President Donald Trump on Friday doubled down on his argument that Sweden’s refugee and immigration policies were causing a crime wave, during his speech to the Conservative Political Action Conference. During the speech, he noted he “took a lot of heat on Sweden” the last time he had made similar remarks, and he urged the public to again “take a look at what’s happening” in the Scandinavian country.
What to Buy (and Skip) in March
The 31 days between February and April don’t hold any major shopping holidays, but that doesn’t mean they lack their own steals and deals. Navigate through this month’s shopping with the help of our guide to what to buy in March.
Herbert Hoover’s Radio Malware Turns 90
On February 23, 1927, Babe Ruth had still to hit 60 home runs in a season. Yet President Calvin Coolidge would that day sign a bill that would establish how radio spectrum-the “economic oxygen” of the emerging information age-would still be governed 90 years later.
ISPs who don’t want competition get good news from FCC chair
The Federal Communications Commission is preparing to eliminate a requirement that Charter Communications compete against other ISPs with new broadband deployments spurred by its purchase of Time Warner Cable. The FCC’s approval of the merger last year required Charter to deploy broadband with download speeds of 60Mbps to at least 2 million residential and small business locations, of which at least 1 million must be in areas served by at least one other high-speed provider.
AES Stock Up, to Acquire Independent Solar Developer FTP
Shares of AES are higher in early afternoon trading on Friday, after the electric utilities company announced that it will acquire privately held FTP Powers , the largest utility scale solar assets company in the U.S. AIMCo is partnering with AES on the acquisition.