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| October 22, 2017

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Stocks fall, pulled down by tech and financial shares

October 19, 2017 |

Technology companies and banks are leading U.S. stocks slightly lower in early trading on Wall Street.

Apple gave up 2% early Thursday, while Facebook lost 1.3% and Google’s parent company, Alphabet, lost 1%.

Among financial companies, American Express fell 1.8% after announcing that its CEO was…


L.A. Times – Business

NAFTA talks bog down over U.S. demands as latest round concludes

October 18, 2017 |

No one spoke about walking away from the North American Free Trade Agreement, but such sharp differences have surfaced among negotiators that the U.S., Canada and Mexico agreed to a kind of timeout and are extending talks well into next year.

After wrapping up their latest and most contentious…


L.A. Times – Business

FTC and 11 states crack down on student loan scams

October 17, 2017 |

Federal and state officials have launched the first national crackdown on companies that they say gouge student loan borrowers, accusing the companies of taking more than $ 95 million in illegal fees in recent years and falsely promising debt relief.

The Federal Trade Commission, 11 states and the…


L.A. Times – Business

TMZ

Dwyane Wade Shuts Down Son’s Ferrari Dream in Car Dealership Visit

October 16, 2017 |

Dwyane Wade is a Ferrari guy … but for his son, Zaire, it ain’t time for a Supercar just yet. D-Wade went full Dad mode in a car dealership sesh with 15-year-old son over the weekend … making sure the young baller stayed in his lane shoppin’…

TMZ.com

P&G Board Vote Comes Down to the Wire

October 10, 2017 |

Hundreds of shareholders are expected to descend on the Cincinnati headquarters of Procter & Gamble to vote on whether to put activist investor Nelson Peltz on the board over the company’s objections.
WSJ.com: US Business

Consumer protection bureau cracks down on payday lenders with tough nationwide regulations

October 5, 2017 |

The nation’s top consumer financial watchdog on Thursday issued tough nationwide regulations on payday and other short-term loans, aiming to prevent lenders from taking advantage of cash-strapped Americans.

The long-awaited rules from the Consumer Financial Protection Bureau — the first broad federal…


L.A. Times – Business

In Surprise Statement, Tillerson Shuts Down Story

October 4, 2017 |

In what CBS News calls “abruptly scheduled remarks” Wednesday, Secretary of State Rex Tillerson called President Trump “smart” as part of a direct repudiation of a report from NBC News that alleged Tillerson came within an arm’s length of resigning this summer and called the president a “moron” in a…
Newser

CNN

US drone shot down in Yemen

October 3, 2017 |

A US military MQ-9 Unmanned Aerial Vehicle was shot down in western Yemen Sunday, Pentagon spokesman Maj. Adrian Rankine-Galloway told CNN Monday.
CNN.com – RSS Channel – World

CNN

Hundreds injured as Spain cracks down on Catalan referendum

October 1, 2017 |

Spanish national police launched a widespread crackdown on Catalonia’s disputed independence referendum Sunday, raiding polling stations and firing rubber bullets in a concerted attempt to deny the vote legitimacy.
CNN.com – RSS Channel – World

NFL Hands Down Punishment for Scary Hit on Packers Player

September 30, 2017 |

The NFL has suspended Chicago Bears linebacker Danny Trevathan for two games for his frightening hit against Green Bay Packers receiver Davante Adams, the AP reports. The league announced the punishment on Saturday. Trevathan has three business days to appeal the suspension.
Newser