WASHINGTON | Trump feels shutdown pressure from economists, Nancy Pelosi

WASHINGTON—Jan 16, 2019—Shutdown pressure on President Donald Trump mounted Wednesday as House Speaker Nancy Pelosi called on him to delay his State of the Union address and his own economists acknowledged the prolonged standoff was having a greater economic drag than previously thought. In a letter to Trump, Pelosi cited security concerns, noting that both … Continue reading WASHINGTON | Trump feels shutdown pressure from economists, Nancy Pelosi

NEW YORK | Battles expected in many states over abortion-related bills

NEW YORK—Jan 16, 2019—On each side of the abortion debate, legislators and activists emboldened by recent political developments plan to push aggressively in many states this year for bills high on their wish lists: either seeking to impose near-total bans on abortion or guaranteeing women’s access to the procedure. For abortion opponents, many of whom … Continue reading NEW YORK | Battles expected in many states over abortion-related bills

SINGAPORE | World stocks rise but Britain slips on Brexit limbo

SINGAPORE—Jan 16, 2019—World stock markets mostly rose on Wednesday, but fell in Britain, as investors reacted to the parliamentary defeat of British Prime Minister Theresa May’s plan for leaving the European Union. KEEPING SCORE: In Europe, Germany’s DAX rose less than 0.1 percent to 10,892 and France’s CAC 40 added 0.3 percent to 4,797. Britain’s … Continue reading SINGAPORE | World stocks rise but Britain slips on Brexit limbo

NEW YORK | Bank of America 4Q profits jump on higher interest rates

NEW YORK  —Jan 16, 2019—Bank of America‘s fourth-quarter profits rose by 39 percent on an adjusted basis, the bank said Wednesday, helped by last year’s steady rise in interest rates as well as a lower tax rate. The Charlotte-based banking giant said it earned $7.28 billion, or 70 cents a share. That’s compared to $2.37 … Continue reading NEW YORK | Bank of America 4Q profits jump on higher interest rates

LONDON | May’s govt faces no-confidence vote after huge Brexit defeat

LONDON —Jan 16, 2019—British Prime Minister Theresa May faced a no-confidence vote Wednesday, a day after Parliament rejected her Brexit deal by a historic margin, unleashing a power struggle over control of Britain’s planned exit from the European Union. May was battling to save her job after staking her political reputation on winning support for … Continue reading LONDON | May’s govt faces no-confidence vote after huge Brexit defeat

NEW YORK | Fiserv buys First Data for $22B, creating fintech giant

NEW YORK —Jan 16, 2019—Fiserv is buying First Data in a $22 billion all-stock deal, creating a giant player in the payments and financial technology sector. First Data shareholders will receive about .30 shares of Fiserv for every share of First Data they own, according to the deal announced Wednesday, a premium of about 29 … Continue reading NEW YORK | Fiserv buys First Data for $22B, creating fintech giant

SAN BRUNO, Calif. | YouTube revises policy, bans dangerous prank videos

SAN BRUNO, Calif.—Jan 16, 2019—YouTube is trying to prevent otherwise bright people from doing dangerous things. The video-sharing network owned by Google is cracking down on harmful or dangerous pranks. Updated policies no longer allow challenges that present “an apparent risk of death” and ban content featuring children “participating in dangerous challenges that pose an … Continue reading SAN BRUNO, Calif. | YouTube revises policy, bans dangerous prank videos

NEW YORK | Sears staves off liquidation, stores to remain open

NEW YORK — Jan 16, 2019—Sears will live on— at least for now. The company’s chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears, averting liquidation of the iconic chain, according to a source familiar with the negotiations. The person agreed to speak on condition of anonymity because they were not authorized … Continue reading NEW YORK | Sears staves off liquidation, stores to remain open