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| January 24, 2018

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Senate easily confirms Jerome Powell to be next Federal Reserve chairman

January 23, 2018 |

The Senate on Tuesday overwhelmingly voted to confirm Jerome H. Powell to be the next chairman of the Federal Reserve, allowing him to take over when Janet L. Yellen’s term expires early next month.

Powell, 64, a well-respected Republican who has served as a governor on the Fed board since 2012,…


L.A. Times – Business

Fox takeover of Sky would give Murdochs too much control, British regulator says

January 23, 2018 |

Dealing another setback to 21st Century Fox, British regulators said Tuesday that its proposed takeover of the London-based Sky pay-TV service was not in the public interest because it would give Rupert Murdoch and his family too much control over media in Britain.

However, regulators did not slam…


L.A. Times – Business

Stocks open mostly higher

January 23, 2018 |

Gains in technology and consumer-focused companies are sending stock indexes mostly higher in early trading on Wall Street.

Netflix soared 11% in the first few minutes of trading Tuesday after reporting a strong quarter. Amazon rose 1%.

Johnson & Johnson and Procter & Gamble both fell after reporting…


L.A. Times – Business

When your insurer denies a valid claim because of ‘lack of medical necessity’

January 23, 2018 |

We learned last week that roughly 3.2 million more Americans were uninsured in 2017 — hard data attesting to how Republicans’ cold-hearted obsession with overturning Obamacare is playing out in the real world.

According to the Gallup-Sharecare Well-Being Index, the U.S. uninsured rate rose to 12.2%…


L.A. Times – Business