OAKLAND, Calif. – The Latest on a court hearing in a lawsuit by California over new rules by the Trump administration allowing more employers to opt out of birth control coverage for women (all times local): Continue Reading Below 4:30 p.m. A lawyer for the U.S. Department of Justice says […]
FOX Business News
Toshiba, Western Digital deal to allow sale of chip unit
TOKYO – Toshiba and Western Digital say they have resolved a dispute that was preventing the embattled Japanese electronics giant from selling its flash memory unit to raise cash to stay afloat. Continue Reading Below The companies said Wednesday that the deal allows Western Digital to participate in future investments […]
Labor panel rules against Harvard in student union dispute
CAMBRIDGE, Mass. – A federal panel has rejected Harvard University’s attempt to prevent a new election that would decide if graduate students will form a union, paving the way for a new vote. Continue Reading Below The National Labor Relations Board on Tuesday upheld a decision by a regional labor […]
Prominent New York restaurateur accused of sexual misconduct
NEW YORK – One of the owners of several high-profile New York restaurants is taking a leave of absence after being accused of sexual misconduct by several women who worked for him. Continue Reading Below The New York Times reported the allegations against Ken Friedman Tuesday. According to the report, […]
House and Senate tax bills treat disaster victims unequally
If the House Republican tax bill became law, victims of hurricanes in Texas and Florida who’ve yet to account for all their losses could deduct them on their 2018 taxes. Not so for victims of the California wildfires. Continue Reading Below If the Senate version prevailed, victims of all federally […]
Johns Hopkins to stop buying stocks from coal producers
BALTIMORE – Johns Hopkins University will stop buying stocks and bonds of companies that produce coal for electric power as a major part of their business. Continue Reading Below The university’s board of trustees voted last week to divest the university from separately managed investments in thermal coal. The board […]
Why Shares of Western Digital Corporation Slid Nearly 12% Last Month
What happened Continue Reading Below Shares of Western Digital Corporation (NASDAQ: WDC) tumbled 11.7%in November, according to data provided by S&P Global Market Intelligence, after Morgan Stanley analyst Katy Huberty downgraded the company’s stock on the expectation that NAND flash memory prices will fall. So what Huberty wrote in an investor […]
Dow, S&P add to record highs on eve of Fed decision
Wall Street continued to march higher on Tuesday, as bank stocks and Boeing (BA) helped push the Dow and S&P 500 to new records. Continue Reading Below The Dow Jones Industrial Average closed about 119 points higher at 24,505. The S&P 500 gained 4 points to 2,664. The Nasdaq Composite […]
Canada to buy used Australian jets over new Boeing aircraft
TORONTO – Canada has ditched a plan to buy 18 Super Hornet jet fighters from U.S.-based Boeing and will instead buy 18 used F-18 fighters from Australia. Continue Reading Below Prime Minister Justin Trudeau had previously warned that Canada would stop doing business with Boeing if it doesn’t drop a […]
This Is Why Global Blood Therapeutics Inc. Is Sinking Today
What happened Continue Reading Below In response to the company announcing data from a case study at the American Society of Hematology meeting in Atlanta, shares of Global Blood Therapeutics (NASDAQ: GBT), a clinical-stage biotech focused on blood-based disorders, fell 13% as of 3:15 p.m. EST on Tuesday. So what Global Blood […]