LOS ANGELES – Every morning, there is a line outside The Broad museum in downtown Los Angeles. But the people there don’t come to see the art. They’re there to be seen with the art. “I almost fell off my chair when I read we were the fifth most […]
FAN Editor
65 journalists, media workers killed in 2017: Reporters Without Borders
PARIS — A total of 65 journalists and media workers were killed in 2017, the lowest toll in 14 years, according to figures released on Tuesday by Reporters Without Borders. The non-governmental organization said 60 percent of those killed were murdered. It added that 326 people working in media — […]
Tenet looks to sell Conifer business, cut more costs
Tenet Healthcare aims to expand its cost-cutting plan, sell a business and continue shaking up its board mix as the hospital chain seeks firmer financial footing. Continue Reading Below The company said Tuesday that it will increase the size of a previously announced cost-reduction plan by $100 million and try […]
Saudi Arabia heralds biggest spending plans yet amid deficit
DUBAI, United Arab Emirates – Saudi Arabia is preparing for the biggest budget in its history, announcing Tuesday record expenditures of 978 billion riyals ($261 billion) this coming fiscal year as the government forecasts a boost in revenue from the introduction of a sales tax, plans to lift subsidies further […]
Credit Suisse: McDonald’s new value menu will trigger a fast food pricing war
McDonald’s new value menu could be the spark to ignite a new fast-food price war, spelling upside for the Happy Meal restaurant and putting competitors to the test, according to Credit Suisse. As the globe’s largest restaurant by revenue, McDonald’s will be putting its size and market share to work […]
Banking panel kills Trump nominee to lead Export-Import Bank
WASHINGTON – A Senate panel has rejected President Donald Trump’s nominee to run the Export-Import Bank. Continue Reading Below Two Banking Committee Republicans, Tim Scott of South Carolina and Mike Rounds of South Dakota, joined with Democrats to shelve the nomination of former GOP Rep. Scott Garrett of New Jersey […]
Bitcoin is the ‘most crowded’ investment in the world, according to widely followed investor survey
More traditional money managers are worried about bitcoin than ever before. The soaring digital currency topped the list of “most crowded trades” — a measure of sentiment on which a popular investment could quickly reverse its gains — in Bank of America Merrill Lynch’s December global fund manager survey released […]
Trump’s ‘America first’ tax bill has incentive for companies to invest overseas
The new tax bill was supposed to put America first as a destination for manufacturing, but one unintended consequence of the legislation means some U.S. multinationals may see an advantage in adding facilities in foreign countries. But the tax law changes, on balance, are so much more beneficial to U.S.-based […]
Tax bill includes an incentive for US companies to invest in foreign manufacturing
The new tax bill was supposed to put America first as a destination for manufacturing, but one unintended consequence of the bill means some U.S. multinationals may see an advantage in adding facilities in foreign countries. But the tax law changes, on balance, are so much more beneficial to U.S.-based […]
U.S. says Facebook, Microsoft disabled North Korean cyber actions
Binary code is seen on a screen against a North Korean flag in this illustration photo November 1, 2017. REUTERS/Thomas White/Illustration December 19, 2017 WASHINGTON (Reuters) – Facebook Inc <FB.O> and Microsoft Corp <MSFT.O> acted last week to disable a number of North Korean cyber actions, White House homeland security […]