Finance news

• CORRECTED-Trump threats complicate negotiations for whistleblower to testify to Congress

  03-10-2019 23:57 via news.yahoo.com
  U.S. President Donald Trump's public attacks on the unidentified whistleblower at the center of a Democratic-led impeachment inquiry are complicating negotiations for the person to testify to Congress, according to three people familiar with the matter.Trump has suggested the whistleblower committed treason, prompting concerns among Democrats on the U.S. House of Representatives Intelligence Committee that testifying could raise the risk of exposure.White House officials were not immediately ava
  
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• Avenatti Draws on Ukraine Scandal to Say He Too Is Trump Target

  03-10-2019 23:45 via news.yahoo.com
  (Bloomberg) -- Celebrity lawyer Michael Avenatti told a New York judge that Donald Trump’s Ukraine debacle is further evidence that the president uses the power of the federal government to target his political enemies.Avenatti, who gained fame as the Trump-bashing lawyer for pornographic-film actress Stormy Daniels, said in a court filing Thursday that Trump “overtly uses and encourages the Department of Justice to target his enemies and act as his own personal law firm.”Prose
  
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• Uh oh: Trump’s attorney general asks Facebook for ‘backdoor’ messaging access

  03-10-2019 23:33 via news.yahoo.com
  US Attorney General Bill Barr is scheduled to make some remarks at a Justice Department event Friday focused on how tech companies promoting encryption has hampered government access to information.That's according to a New York Times preview of the event, which will come in tandem with a chilling demand from Barr: In a letter from President Trump's AG to Facebook dated October 4, Barr asks the social networking giant to immediately halt its plan to expand end-to-end encryption across the compan
  
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• Behind the GM strike: Declining productivity at U.S. operations

  03-10-2019 23:33 via news.yahoo.com
  The No. 1 U.S. automaker wants to boost productivity to offset financial pressure from a slowing global economy and investments in electric vehicles.The UAW is focused on increasing the share of profit going to workers, and closing wage gaps between full-time and temporary employees in GM factories.GM's unionized workers in the United States build some of the company's most profitable truck and sport utility vehicles.
  
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• The History of “Nine-O-Nine”, the B-17 Bomber that Crashed

  03-10-2019 23:28 via news.yahoo.com
  The bomber involved in Tuesday’s fatal crash in Connecticut never made it to war, but served as a search and rescue plane and water bomber.
  
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• Ohio University suspends all fraternities over hazing claims

  03-10-2019 23:22 via news.yahoo.com
  Ohio University on Thursday announced it was suspending all its fraternities following allegations of widespread hazing.Suspension of the 15 fraternities at the university was immediate and indefinite.It followed allegations within the past week of hazing at seven of the fraternities, as well as the expulsion in May of a fraternity following the alleged hazing of a freshman who died last year.
  
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• IRS Employee Files Whistleblower Complaint Over Audit of Trump/Pence Tax Returns: Report

  03-10-2019 23:17 via news.yahoo.com
  A career IRS official has filed a whistleblower complaint over inappropriate interference by at least one Treasury Department official in a mandatory annual audit of the president and vice president’s taxes.The House Ways and Means Committee was alerted to “possible misconduct” at the end of July, but The Washington Post shed more light on the situation Thursday when it reported that the individual was an IRS employee and revealed that the allegation pertained to Treasury
  
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• Some see rush to forgive as rush to forget racial violence

  03-10-2019 23:16 via news.yahoo.com
  When a white Dallas police officer who killed an innocent black man in his own living room was sent off to prison this week with a hug from the victim’s brother and the black judge on the case, some saw it as a moment of amazing grace and redemption.Many black Americans, though, saw something all too familiar and were offended.Some saw the rush to forgive as a rush to forget racial violence.
  
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• Giuliani's televised rage worries some Trump allies, but not the president

  03-10-2019 23:13 via news.yahoo.com
  Rudy Giuliani's appearances have left some of Trump’s allies concerned the former New York mayor is doing more harm than good, but according to those close to the president, Trump still trusts Giuliani and is unlikely to rein him in.
  
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• Professor: Trump Must Resign or ‘Dangerous Individuals’ Will ‘Kill and Maim’

  03-10-2019 23:12 via news.yahoo.com
  A  professor at Georgia Southern University has declared that “people have already died” because of Donald Trump -- adding that the media must pressure him to resign or else “dangerous individuals” will “kill and maim.”A linguistics and writing professor, Jared Yates Sexton, made the comments on Twitter on Saturday, and screenshots of them were obtained by Campus Reform.According to Sexton, the media “must push against that impulse to juice impeachm
  
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• McDonald's McRib is coming back for a limited time. How to find it

  03-10-2019 23:10 via news.yahoo.com
  The McRib, McDonald's iconic barbecue sandwich, is set to return for a limited time as early as Monday, Oct. 7, in more than 10,000 U.S. restaurants.
  
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• Photos of starving grizzly bear family stirs concern for climate crisis

  03-10-2019 23:08 via news.yahoo.com
  A Canadian photographer’s images of an emaciated grizzly bear family has sparked widespread concern for the effect of climate change on wildlife in the area.Rolf Hicker shared a series of photos on Facebook of the bears looking for food on the shores of Canada’s Knight Inlet.
  
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• Warren turns 'cougar' accusation into a talking point for her college debt plan

  03-10-2019 23:03 via news.yahoo.com
  Sen. Elizabeth Warren turned an unfounded personal attack into an opportunity to promote her college debt forgiveness plan.
  
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• Democrats still think Joe Biden is electable, but they're cooling on him

  03-10-2019 23:00 via news.yahoo.com
  Joe Biden's electability figures are declining in a recurring Insider poll, which could indicate Democratic primary voters are cooling on him.
  
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• Trump shifts focus to Medicare amid fallout over impeachment inquiry

  03-10-2019 22:44 via news.yahoo.com
  Trump traveled to Florida on Thursday to promote proposed changes to Medicare designed to offer more affordable options.
  
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• As Trump rages about corruption, his State Department has proposed drastically cutting its anticorruption program

  03-10-2019 22:39 via news.yahoo.com
  The Trump administration put $5 million toward the program last year. But in 2019 and 2020, it proposed allocating just $3 million to it.
  
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• AP’s major findings on accused priests, by the numbers

  03-10-2019 22:39 via news.yahoo.com
  In reviewing the status of nearly 2,000 Roman Catholic clergy members and church employees credibly accused of sex abuse, The Associated Press found that the vast majority were living unsupervised by the church or law enforcement authorities _ and that many had put themselves in positions where they were near at-risk or young people._ 65 former clergy members were charged with crimes committed after their church service, with half of those crimes involving sexual assault, child pornography or fa
  
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• Tyshawn Lee murder trial: Chicago prosecutors urge jury for a 'just' ending to boy's short life

  03-10-2019 22:24 via news.yahoo.com
  Closing arguments began Thursday in the case of Tyshawn Lee, a 9-year-old boy was shot and killed in one of Chicago's most horrific crimes.
  
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• Gandhi’s ashes stolen and photo vandalized after 150th birthday celebrations, reports say

  03-10-2019 22:19 via news.yahoo.com
  An urn containing some of Mahatma Gandhi’s ashes was reportedly stolen from a government building in India, according to the Wire, an Indian news site.
  
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• US vaping illnesses top 1,000; death count is up to 18

  03-10-2019 22:05 via news.yahoo.com
  The number of vaping-related illnesses has surpassed 1,000, and there’s no sign the outbreak is fading, U.S. health officials said Thursday.Doctors say the illnesses, which first appeared in March, resemble an inhalation injury.Most who got sick said they vaped products containing THC, the marijuana ingredient that causes a high, but some said they vaped only nicotine.
  
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• U.S. stock funds post second straight weekly outflow

  03-10-2019 22:00
  U.S. equity funds saw $7.9 billion in outflows in the last week, the second consecutive weekly drawdown, as bond and money market funds drew money, according to data released by Lipper on Thursday.
  
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• A ‘Limited’ Nuclear War Quickly Could Kill 90 Million People

  03-10-2019 22:00 via news.yahoo.com
  That’s the startling conclusion that a team of researchers at Princeton University reached when they simulated an exchange of small-yield “tactical” nuclear weapons between the United States and Russia.
  
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• New York prosecutors say DOJ trying to shield Trump in tax-returns case

  03-10-2019 21:55 via politico.com
  The Manhattan district attorneys office pushed back Thursday against the Justice Departments intervention in its effort to obtain President Donald Trumps tax returns, saying DOJ only wants to delay the matter.Further delays in enforcing a state subpoena for the tax returns sought by D.A. Cyrus Vance threaten to trigger the statute of limitations on some of the issues a New York grand jury is investigating related to hush-money payments during the 2016 presidential campaign to two women who claim
  
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• UPDATE 1-Pence says Biden, son should be investigated for Ukraine dealings

  03-10-2019 21:54 via news.yahoo.com
  U.S. Vice President Mike Pence on Thursday offered a full-throated defense of President Donald Trump's call for an investigation into former Vice President Joe Biden and his son's dealings with Ukraine, saying the American people deserve to know the facts. "The American people have the right to know whether or not the vice president of the United States or his family profited from his position," Pence told reporters in Scottsdale, Arizona. In a phone call in July, President Donald Trump pressed
  
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• Treason! Arrest him! The Democratic lawmaker who enrages Donald Trump

  03-10-2019 21:41 via news.yahoo.com
  For nearly three years, President Donald Trump has dismissed the investigations that have shadowed almost every day of his presidency as hoaxes and witch-hunts, and the people leading them as crooks and liars.TheDemocratic lawmaker, chairman of the House Intelligence Committee, has become the public face of a rapidly escalating impeachment inquiry that is the latest and perhaps most serious threat to Trump’s presidency.Trump, who has branded the impeachment probe a "hoax," has attacked Sch
  
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• Trump asking foreign countries for help against Biden violates law, Elections Commission chair warns

  03-10-2019 21:39 via news.yahoo.com
  FEC chair Ellen Weintraub posted a reminder about U.S. election law following Trump's latest requests to foreign nations.
  
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• Trump asking foreign countries for help against Biden violates law, Election Commission chair warns

  03-10-2019 21:39 via news.yahoo.com
  FEC chair Ellen Weintraub posted a reminder about U.S. election law following Trump's latest requests to foreign nations.
  
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• Election Commission chair hints that Trump asking foreign countries for help against Biden violates law

  03-10-2019 21:39 via news.yahoo.com
  FEC chair Ellen Weintraub posted a reminder about U.S. election law following Trump's latest requests to foreign nations.
  
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• NEWSMAKER-Treason! Arrest him! The Democratic lawmaker who enrages Donald Trump

  03-10-2019 21:37 via news.yahoo.com
  For nearly three years, President Donald Trump has dismissed the investigations that shadowed almost every day of his presidency as hoaxes and witch-hunts, and the people leading them as crooks and liars.Trump, who has branded the impeachment probe as a "hoax," has attacked Schiff as a "lowlife" and a liar, thundered at him during a White House news conference, and suggested that he be questioned or arrested for treason."Schiff is a lowlife who should resign (at least!)," Trump wrote on Twitter
  
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• iPhone users, beware: 1,370 scam apps might’ve just been uncovered in the App Store

  03-10-2019 21:34 via news.yahoo.com
  Policing a mobile applications marketplace is no easy feat when you're a tech giant the size of Google or Apple, both of which are constantly flooded with requests for new apps to be approved and both of which manage that inflow with a variety of tools that include human oversight and review.Google has been under fire in recent months over the discovery of hundreds of sketchy apps in its Google Play Store, apps found to be engaged in all manner of shady practices including serving as delivery me
  
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• GM can withstand losses of UAW strike — because of what it stands to gain

  03-10-2019 21:33 via news.yahoo.com
  The UAW's nationwide strike against GM has cost the company about $1 billion. But GM can withstand the loss because of what it stands to gain.
  
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• States say OxyContin maker Purdue should not pay bonuses

  03-10-2019 21:32 via news.yahoo.com
  OxyContin maker Purdue Pharma should be prohibited from giving $38 million in employee payouts as it goes through bankruptcy, attorneys general from 24 states said in a court filing Thursday.Purdue has said it needs to make bonus payments to keep employees and maintain operations at a time of high turnover, which also is requiring the company to provide severance packages for employees heading to the exits.Purdue filed for bankruptcy protection last month as it tries to settle 2,600 lawsuits aga
  
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• Ecuador president declares state of emergency over strike

  03-10-2019 21:18 via news.yahoo.com
  Ecuador’s president declared a state of emergency Thursday to confront rowdy street protests and a nationwide transport strike over his decision to end government fuel subsidies and relax labor protections.Public transport in major cities and between provinces was virtually shut down, forcing many people to walk long distances to get to work.In Quito, university students tried to march to the government headquarters in the historic part of the city.
  
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• Fox News analyst Andrew Napolitano says Trump's Ukraine call was both criminal and impeachable

  03-10-2019 21:13 via news.yahoo.com
  Though Trump called it a "perfect call," Napolitano said it showed Trump was guilty of campaign finance violations, bribery and witness intimidation.
  
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• Michael Avenatti Takes Stormy Daniels to Court for Millions in Legal Backpay

  03-10-2019 21:12 via news.yahoo.com
  Photo Illustration by Elizabeth Brockway/The Daily BeastEmbattled lawyer Michael Avenatti is taking legal action against his ex-client Stormy Daniels for $2 million in legal fees from their infamous “hush agreement” lawsuit against President Donald Trump. Avenatti, who currently faces federal criminal charges set for trial next month, filed an attorney’s lien on Thursday. It alleges that despite “repeated demands that Ms. Daniels fulfill her contractual obligations a
  
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• 'He tried to have his cake and eat it': how Trump's Ukraine envoy lost his big gamble

  03-10-2019 21:06 via news.yahoo.com
  Before abruptly resigning Kurt Volker gambled that acting as a go-between for Rudy Giuliani could secure military aid for KyivKurt Volker, a former special envoy to Ukraine, arrives for a closed-door interview with House of Representatives investigators, at the Capitol in Washington on Thursday. Photograph: J Scott Applewhite/APWhen Kurt Volker agreed to work for the Trump administration in 2017, he told colleagues he hoped to navigate the president’s mercurial nature and his evident attac
  
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• CNN says it won't air a Trump campaign ad featuring 'false' claim against Biden

  03-10-2019 21:05 via news.yahoo.com
  A CNN spokesperson said that the Trump campaign ad attacking Biden does not meet its advertising standards because it includes "demonstrably false" claims.
  
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• Will P&G split its stock? It hasn't happened in 15 years

  03-10-2019 21:00 via news.yahoo.com
  The longest P&G; has allowed the stock to remain above $100 before a stock split: 11 months. We're at six months, 10 days and counting.
  
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• RAH-66 Comanche Helicopter: Amazing to Look At (But a Massive Failure)

  03-10-2019 21:00 via news.yahoo.com
  Waste of money.
  
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• Fighting GM puts a financial squeeze on striking union workers

  03-10-2019 20:59 via news.yahoo.com
  BOWLING GREEN, Ky. - (Reuters) - While striking workers at General Motors Co's U.S. auto plants continue walking picket lines for a third week to demand better pay and benefits, the financial pressure has mounted for union members like Frank Lee.Analysts estimate that GM could lose $1 billion from the labor dispute that began on Sept. 16 and is now the longest nationwide strike at the automaker since 1970.For GM, which had $24 billion in cash and marketable securities as of June 30, that cost is
  
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• Trump support unwavering in Florida retirement community

  03-10-2019 20:54 via news.yahoo.com
  THE VILLAGES, Fla. (AP) As retirees living on a fixed income, Paula Bedner and her husband dont have a lot of money to spare. My husband, that is not in his nature, said Bedner, who lives in The Villages retirement community in Florida where on Thursday, Trump was making his first appearance outside Washington since Democrats ramped up their impeachment inquiry. The latest allegations that Trump used his office to pressure Ukraines leader Volodymyr Zelenskiy to investigate a political opponent h
  
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• Impeachment Bombshell That Wasn't: Mysterious Packet Sends Rumor Mill Into Overdrive

  03-10-2019 20:52 via news.yahoo.com
  WASHINGTON -- The cryptically worded request marked urgent from the State Department's independent watchdog set Congress on edge.The message, according to Steven A. Linick, the department's inspector general, was that he needed to meet -- and right away -- with senior congressional staff members to give them copies of documents related to the State Department and Ukraine. He signaled that they could be relevant to the House investigation into whether President Donald Trump pressured Ukraine to i
  
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• Accused ringleader faces more charges in good Samaritan ruse

  03-10-2019 20:48 via news.yahoo.com
  A man already charged in state court with scamming donors out of more than $400,000 with a fake feel-good story about a homeless veteran is facing federal charges.The U.S attorney’s office charged Mark D'Amico on Thursday with wire fraud conspiracy and money laundering conspiracy.The 40-year-old has already pleaded not guilty to fraud and money laundering charges in state court.
  
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• Trump promotes private Medicare coverage, drawing contrast with Democrats' health care plans

  03-10-2019 20:34 via politico.com
  President Donald Trump on Thursday issued an executive order expanding private Medicare Advantage plans, contrasting his health care vision with Democrats' calls for a greater government role in health care.Trump, who made the announcement at an expansive Florida retirement community that leans heavily Republican, set out key themes of his reelection pitch, promising to defend a private insurance system that Democrats have sought to constrain and even eliminate in favor of government-run coverag
  
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• New York sues big U.S. student loan servicer for abusing borrowers

  03-10-2019 20:30 via news.yahoo.com
  New York state on Thursday sued one of the largest federal student loan servicers, whose practices the U.S. government singled out for criticism earlier this year, saying it abusively treated borrowers working in lower-paying public service jobs.The lawsuit by state Attorney General Letitia James adds to a growing list of complaints by borrowers and regulators against the Pennsylvania Higher Education Assistance Agency, which operates as FedLoan and American Education Services.James said FedLoan
  
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• WeWork seen as startup lesson in what not to do in Silicon Valley

  03-10-2019 20:28 via news.yahoo.com
  The implosion of office space company WeWork this week is being digested as a lesson for Silicon Valley startups - in what not to do. WeWorks parent The We Company on Monday filed to withdraw its initial public offering, a week after the SoftBank-backed startup ousted founder Adam Neumann as its chief executive officer and as its potential IPO valuation dropped as low as $10 billion, from $47 billion in January. The consensus among venture capital investors at the TechCrunch Disrupt conference a
  
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• Greta Thunberg hits back at Putin with Twitter bio

  03-10-2019 20:26 via news.yahoo.com
  After the Russian president described her as "a kind and very sincere girl" who doesn't understand the complexities of "the modern world," the 16-year-old responded by changing her Twitter bio to mock his dismissive words.
  
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• The Latest: Woman gets 10 years in prison in son’s death

  03-10-2019 20:22 via news.yahoo.com
  A Phoenix woman who says her 2-year-old son fatally shot her 9-year-old son with a handgun that she left on a bed was sentenced to 10 years in prison for her role in the 2017 killing.The sentence given Thursday to Wendy Lavarnia in the death of her son, Landen, marked the most lenient punishment available under the terms of her guilty pleas to manslaughter and attempted child abuse.A Phoenix woman who says her 2-year-old son fatally shot her 9-year-old son with a handgun that she left on a bed f
  
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• 1st victims identified after 7 killed in WWII plane crash at Bradley Airport in Connecticut

  03-10-2019 20:18 via news.yahoo.com
  The investigation is continuing Thursday after a World War II-era plane crashed in a fireball as it attempted to land Wednesday morning in Connecticut, leaving seven people dead and seven others hurt.
  
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• Courtroom forgiveness: Botham Jean's brother hugged Amber Guyger, and the world took note

  03-10-2019 20:15 via news.yahoo.com
  Brandt Jean's mother, Allison, said her son's hug shouldn't be misunderstood, and the Dallas Police Department still has work to do.
  
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