News

Government

The princes, the president and the fortune seekers

Trump-Pay to Play

WASHINGTON (AP) — After a year spent carefully cultivating two princes from the Arabian Peninsula, Elliott Broidy, a top fundraiser for President Donald Trump, thought he was finally close to nailing more than $1 billion in business. He had ingratiated himself with crown princes from Saudi Arabia...


Business

Barack and Michelle Obama are becoming television and film producers for Netflix

(c) 2018, The Washington Post. Netflix announced a production deal Monday with Barack and Michelle Obama that calls for the former first couple to create a wide range of content for the streaming service. The deal, talks for which had first been reported in March, will encompass a wider range of...


Business

Trump's next round of trade limits could hurt the US tech industry he wants to help

(c) 2018, The Washington Post. SOMERVILLE, Mass. - Housed in a 19th-century meatpacking plant, Formlabs boasts all the accoutrements of American high-tech success: exposed brick walls and ductwork, a morale-boosting pool table, and plenty of young employees hammering away at laptops. The maker of...


Business

A huge European security regulation that affects many U.S. companies takes effect this

(c) 2018, The Washington Post. The European Union’s General Data Protection Regulation, or GDPR, goes into effect on May 25. Is your company ready? The objective of the regulation, which passed in 2016, is to simplify and consolidate rules that companies need to follow in order to protect their...


State

Utah medical marijuana supporters push back in court

Medical Marijuana Utah

Supporters and opponents of medical marijuana in Utah are preparing to square off in court over a proposed ballot initiative, opening a new front for what has been a contentious public battle.


Business

Stocks rise, investors cheer easing trade tensions

(c) 2018, Bloomberg. U.S. stocks surged Monday as the Trump Administration sought to calm a potential trade dispute with China. The dollar surrendered earlier gains and turned lower, Treasuries steadied, and traditional havens such as the yen and gold tumbled. Major equity gauges were higher from...


Business

Financial Markets Glance

Dow Jones Industrials High: 25,086.49 Low: 24,883.06 Close: 25,013.29 Change: +298.20 Other Indexes Standard&Poors 500 Index: 2733.01 +20.04 NYSE Index: 12,804.01 +86.59 Nasdaq Composite Index: 7394.04 +39.70 NYSE Amer Composite: 2735.13 +14.93 Russell 2000 Index: 1637.44 +10.81 Wilshire 5000...


Business

Yale's Shiller warns crypto may be another Cincinnati time store

(c) 2018, Bloomberg. Cryptocurrencies could be the latest case of more than a century’s worth of failed efforts to revolutionize money, according to Yale economics professor Robert Shiller, famed for his warnings about the dot-com and housing bubbles. The Nobel Prize-winning economist compared the...


Business

General Electric continues transformation; $11B rail deal

GE Wabtec

NEW YORK (AP) — General Electric will tie its train engine division to the railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert...


Government

US demands wholesale changes in Iran policies post-nuke deal

US Iran

WASHINGTON (AP) — The Trump administration on Monday demanded that Iran make wholesale changes in its military and regional policies or face “the strongest sanctions in history,” as it sought to turn up heat on Tehran after President Donald Trump’s decision to withdraw from a landmark nuclear deal....


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