SAN FRANCISCO – A U.S. judge on Wednesday rejected a request from 18 states and the District of Columbia to force the Trump administration to resume paying “Obamacare” subsidies right away and scolded the coalition for claiming health care costs would rise without federal help. Continue Reading Below State attorneys […]
FOX Business News
Interface Works on a Turnaround, One Tile at a Time
Turnarounds are like tile carpeting, in that you have to put them together one piece at a time. Interface (NASDAQ: TILE) reported fresh financials after the market closed on Oct. 25 and once again confirmed that its slow yet steady turnaround is still intact. Continue Reading Below Net sales rose 3.7% […]
3 Stocks for a Rainy Day
Filling your portfolio with stable, stalwart companies when the sun is shining provides a buffer against the rainy days that are sure to befall the broad market. Clorox (NYSE: CLX), Berkshire Hathaway (NYSE: BRK-A)(BRK-B), and Johnson & Johnson (NYSE: JNJ) were identified as three stocks able to provide shelter from the […]
What’s Behind Amgen’s Q3 Revenue Decline
When Amgen (NASDAQ: AMGN) announced its second-quarter results in July, the anemic revenue growth was overshadowed by the company’s solid earnings increase and its improved full-year guidance. CEO Robert Bradway, expressed optimism that Amgen’s newer products would more than pick up the slack for declining sales of its older drugs. […]
Pharmacist acquitted of murder in 2012 meningitis outbreak
BOSTON – A pharmacist at a Massachusetts facility whose tainted drugs sparked a nationwide meningitis outbreak that killed 76 people was cleared Wednesday of murder, but convicted of mail fraud and racketeering. Continue Reading Below Jurors in Boston concluded Glen Chinn was not responsible for the deaths of people who […]
Ex-colonel to oversee troubled Puerto Rico power company
SAN JUAN, Puerto Rico – A former military officer was appointed Wednesday to oversee reconstruction of Puerto Rico’s flattened electrical grid and operations of the island’s troubled power company amid growing concerns over a $300 million contract awarded to a small Montana company to help repair the damage from Hurricane […]
Kellogg redoing Corn Pops boxes after concern about art
BATTLE CREEK, Mich. – Kellogg is redoing its Corn Pops cereal boxes after a complaint that the art on the back is racially insensitive. Continue Reading Below The box shows cartoon Corn Pops hanging out in a retail mall. Author Saladin Ahmed complained on Twitter that the cereal box is […]
Trump, GOP at odds over using 401(k)s to pay for tax cuts
WASHINGTON – President Donald Trump and Republicans were at odds on Wednesday over changing the 401(k) retirement program to help finance tax cuts, with the president insisting the middle-class favorite will remain untouched and lawmakers open to revisions. Continue Reading Below Rep. Kevin Brady, the chairman of the House’s tax-writing […]
Why LINE Corp. Shares Jumped 16% Today
What happened Continue Reading Below Shares of Tokyo-based social-media service LINE Corp. (NYSE: LN) soared on Wednesday, rising as high as 16.3% above Tuesday’s closing prices before backing down to a 12.5% gain at the closing bell. The company reported third-quarter results in the early morning, showing solid revenue growth. […]
Lawmakers slam ‘boneheaded’ Equifax executives for failing to appear before Congress
The House Financial Services committee on Wednesday held an additional hearing on the Equifax (EFX) data breach, which affected the personal information of more than 145 million Americans, but not one representative from any of the three major credit reporting bureaus accepted the invitation to appear before lawmakers. Continue Reading […]