NEW YORK – National Public Radio elected new leadership on its board of directors on Thursday as the organizations deals with sex harassment issues that led to its top news executive recently being ousted. Continue Reading Below NPR said Paul Haaga, retired chairman of the Capital Research and Management Co., […]
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California pot rules open way for potentially larger fields
LOS ANGELES – California released long-awaited rules Thursday that will govern the state’s emerging legal marijuana industry, while potentially opening the way for larger-scale cultivation that some fear could strangle small-farm growers. Continue Reading Below The thicket of emergency regulations will allow the state to begin issuing temporary licenses for […]
The Latest: Republicans push tax overhaul through House vote
WASHINGTON – The Latest on House consideration of the tax overhaul (all times local): Continue Reading Below 6:50 p.m. Republicans have forced a $1.5 trillion overhaul of business and personal income taxes through the House. The mostly party-line 227-205 vote masked more ominous problems in the Senate. There, a similar […]
Forget Twitter, Weibo Corporation Is a Better Social Media Stock
Twitter (NYSE: TWTR) rallied in late October after its third quarter numbers beat analyst expectations. But the stock remains far below its IPO price of $26, which it hasn’t seen in two years. Continue Reading Below I previously told investors to avoid buying Twitter, since its core advertising business remains […]
Company that makes presidential pens sold
PROVIDENCE, R.I. – A Rhode Island company that has supplied many of the pens used by President Donald Trump and his predecessors to sign executive orders has been sold. Continue Reading Below WPRI-TV reports that A.T. Cross Co. was sold to the Los Angeles-based private equity firm Transom Capital Group. […]
Lost Leonardo painting had tangled path to $450 million sale
NEW YORK – Just a dozen years ago, a worn, touched-up, old painting of Christ went for less than $10,000 (8,450 euros) at an estate sale. On Wednesday, it was auctioned for a record-breaking $450 million (380 million euros) as a long-lost Leonardo da Vinci dubbed “the Last da Vinci” […]
Texas county sues chemical plant owner over fires, blasts
DALLAS – The county that’s home to Houston has asked a state court to order safeguards and fine the owner of a chemical plant that partially exploded during Hurricane Harvey.In a lawsuit filed Thursday, the Harris County Attorney’s Office said Arkema Inc.’s facility in Crosby violated Texas environmental laws by […]
Stocks surge on GOP tax bill, Walmart earnings
Stocks rose sharply Thursday after lawmakers in the House passed the GOP’s tax reform bill. Continue Reading Below The Dow Jones Industrial Average surged 187 points, or 0.8%. The S&P 500 gained 21 points, and the Nasdaq Composite added 87 points. Walmart (WMT) jumped nearly 11% on the session, hitting […]
Muni bond Wednesday update: 10-year yield falls
A look at the AP Municipal Bond Index for Wednesday, Nov. 15: Continue Reading Below BIGGEST MOVER: Three-year bonds. Yield increased 10 basis points over the last week to 1.42 percent. TWO-YEAR: Yield was steady at 1.30 percent. The two-year/10-year spread is 99 basis points, down from 102 basis points […]
Maine assesses damage for potential disaster declaration
PORTLAND, Maine – State and federal emergency management officials went into the field Thursday to verify damage from a powerful wind storm to give Republican Gov. Paul LePage the data he needs to decide whether to make a formal request for federal aid. Continue Reading Below One of the biggest […]