Business News
Hoping to assuage investors, Newmont offers special dividend if Goldcorp deal approved
Reuters - 25 Mar 2019 16:40
Newmont Mining Corp will pay a special dividend of 88 cents in an effort to soothe unhappy shareholders if they approve its $10 billion takeover of Goldcorp Inc, the company said on Monday.
Fewer first-time home buyers likely to qualify for mortgages under tougher FHA standards
USA Today - 25 Mar 2019 23:48
Fewer first-time and lower-income homebuyers are likely to get mortgages under tougher standards adopted by the Federal Housing Administration
The Wall Street Journal: Rapid expansion pushes WeWork's annual loss to nearly $2 billion
Market Watch - 25 Mar 2019 23:31
WeWork Cos. on Monday said its loss last year doubled to nearly $2 billion, as the nine-year-old company spent heavily in an effort to rapidly expand its network of shared offices around the world.
Boeing readies 737 MAX software fix as families wait for crash report
Reuters - 25 Mar 2019 21:40
Boeing Co will provide airlines that have bought the 737 MAX with free software upgrades, the U.S. manufacturer said on Monday, as Ethiopian Airlines told Reuters it expected a preliminary crash report this week or next.
Utah family suffers extreme stalking through service calls
Miami Herald - 25 Mar 2019 07:02
A Utah family has become the victim of extreme stalking involving unwanted service providers repeatedly being sent to their home, according to the homeowner and police. Walt Gilmore's family in …
Soda taxes, ad limits, better labels: Doctors want to limit sugary drinks for kids, teens
USA Today - 25 Mar 2019 06:01
Citing concern about children's health, two major medical groups are calling for policy changes, like sugary-drink taxes and limits on marketing.
Global stocks tumble as bond markets sound U.S. recession warning
Reuters - 25 Mar 2019 05:19
Investors ditched shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets fell out of favor on growing fears about a U.S. recession, sending global yields plung...
Schiff Takes The Brunt Of GOP’s Fury After Mueller Report
TPM - 25 Mar 2019 23:42
WASHINGTON (AP) -- “Damning evidence” of collusion with Russia. “More than circumstantial.” A scandal of a size “beyond Watergate.” For...
Tesla, Elon Musk win dismissal of lawsuit over Model 3 production
Reuters - 25 Mar 2019 22:33
A federal judge in San Francisco dismissed for the second time a securities fraud lawsuit brought by Tesla Inc shareholders alleging that the company made misleading comments about the production status of its Model 3.
What's in your wallet? Apple wants you to add an Apple Card credit card, coming in summer
USA Today - 25 Mar 2019 20:39
Apple is partnering with Goldman Sachs on its own Apple Card Mastercard, coming this summer. Its 2 percent rebate goes to 3 percent on Apple products.
Excerpts from recent Minnesota editorials
Miami Herald - 25 Mar 2019 18:23
Minneapolis Star Tribune, March 19 Minnesota moves one step closer to sanity on the roads House passes common-sense bill to address increase in distracted driving. The Minnesota House moved this …
Amazon and National Science Foundation earmark $10 million for AI fairness research
Venture Beat - 25 Mar 2019 17:04
Amazon today announced that, in partnership with the National Science Foundation, it'll put $10 million toward AI fairness research.
Struggling dairy farmers seek higher milk prices – before it's too late
USA Today - 25 Mar 2019 16:56
A proposal from the National Farmers Organization would establish a two-tier milk pricing system to boost revenue for small and midsize farms.
Bayer, J&J settle U.S. Xarelto litigation for $775 million
Reuters - 25 Mar 2019 16:50
Bayer AG and Johnson & Johnson have agreed to settle more than 25,000 U.S. lawsuits over their blockbuster blood thinner Xarelto for a total of $775 million, court documents on Monday showed.
Wall Street falls on global economic slowdown fears
Reuters - 25 Mar 2019 16:44
Wall Street's main indexes fell on Monday, dragged down by declines in high-growth technology shares, as fears of a global slowdown roiled the market for the second straight session.
Apple working on games subscription service for gadgets: Bloomberg
Reuters - 25 Mar 2019 16:43
Apple Inc, which later on Monday is expected to unveil a television and movie streaming service, is also working on a games subscription service for its App Store, Bloomberg reported on Monday, citing people with knowled...
Uber looks to pick up Careem in $3 billion deal: sources
Reuters - 25 Mar 2019 16:39
Uber Technologies Inc is set to offer over $3 billion to buy Dubai-based rival Careem Networks FZ, two sources familiar with the deal told Reuters, in a deal that will strengthen its operations in the Middle East.
Inmarsat convinced by $3.4 billion cash buyout deal
Reuters - 25 Mar 2019 16:30
A private equity-led consortium agreed to buy Inmarsat Plc for about $3.4 billion in cash after the British satellite operator rebuffed a slightly lower bid from U.S. rival EchoStar last year.
US stocks open lower on concerns over global growth
Miami Herald - 25 Mar 2019 16:24
U.S. stocks edged lower in early trading Monday, extending losses from a broad sell-off last week, as new economic data stoked investors' worries over slowing global growth. Technology companies accounted …
Top U.S. court rebuffs challenge to Nike over Michael Jordan photo
Reuters - 25 Mar 2019 16:18
The U.S. Supreme Court on Monday declined to consider reviving a copyright case in which Nike Inc was accused of unauthorized use of photographer Jacobus Rentmeester's famous 1984 photograph of basketball superstar Micha...
After Paris climate agreement, oil companies pour $110B into fossil fuels
CBSNews - 25 Mar 2019 16:04
Between 2015 and 2019, fossil fuel investment by major energy companies dwarfed their spending on low-carbon alternatives
Cryptos: This Canadian crypto trader sent $75,000 bitcoin to Quadriga's exchange--then it went bust
Market Watch - 25 Mar 2019 16:00
The fallout from the Canadian cryptocurrency exchange QuadrigaCX saga continues to unravel in the courts with droves of angry investors demanding answers.