News

Business

Subway plans 500 U.S. store closings amid global growth

(c) 2018, Bloomberg. Subway Restaurants, the world’s most ubiquitous dining chain, will continue closing U.S. stores as it expands internationally. After peppering the nation with thousands of locations, closely held Subway is retrenching. This year, the sandwich purveyor is planning to shut about...


Government

Trump travel ban is focus of Supreme Court's last arguments

Supreme Court Travel Ban

WASHINGTON (AP) — President Donald Trump’s ban on travelers from several mostly Muslim countries is the topic of arguments Wednesday at the Supreme Court, with a Trump administration lawyer facing questions during the first half of arguments. The travel ban case is the last case the justices will...


Business

Twitter is off the takeover rumor merry-go-round

(c) 2018, Bloomberg. Twitter is not a corporate Superfund site anymore. That doesn’t mean the company has morphed into a beautiful park, although stock investors are overly optimistic that Twitter will make the transformation. There are legitimate signs of a recovery from Twitter in its first-...


Business

Twitter tops earnings projections, but growth pace seen slowing

(c) 2018, Bloomberg. Twitter beat analysts’ estimates for earnings in the first quarter and showed signs that it’s finally overcoming a slump, but the nascent turnaround was tempered by an outlook for slower growth this year. The social media company’s push into live video and more personalized...


Business

Just as Atlantic City stems bleeding, competition comes calling

(c) 2018, Bloomberg. Four nights of Beyonce failed to ignite lasting buzz for Revel, the $2.4 billion Atlantic City casino that flopped after little more than two years. Now the Hard Rock Hotel & Casino is heading to New Jersey’s battered gambling resort with a mix for the masses: country greats,...


Government

Judge deals big setback to Trump on 'Dreamers' program

Homeland Security Immigration

SAN DIEGO (AP) — A federal judge ruled that the Trump administration must resume a program that has shielded hundreds of thousands of young immigrants from deportation but gave it 90 days to restate its arguments before his order takes effect. The ruling by U.S. District Judge John D. Bates in...


Business

Powell's Fed policy gambit bets jobs stay hot, inflation not

(c) 2018, Bloomberg. Federal Reserve officials are sounding increasingly confident they can run the U.S. economy hot without a harmful rise of inflation, a risky gamble for Chairman Jerome Powell with unemployment low, price pressures edging higher and fiscal stimulus about to goose growth. An...


Business

Eli Lilly is said to lure Bain, Advent on animal health sale

(c) 2018, Bloomberg. Eli Lilly & Co. has attracted interest from private equity firms including Bain Capital and Advent International Corp. for its animal-health business, as the pharmaceutical giant considers options for the ailing unit, people with knowledge of the matter said. Carlyle Group may...


Government

Peak Health Plan Premiums Give Rise To Activism — And Unconventional Solutions

CHARLOTTESVILLE, Va. — When Garnett and Dave Mellen sent their 19-year-old daughter, Gita, off to college an hour away at Virginia Commonwealth University last fall, they didn’t expect to follow her. But in November, the family received notice that its monthly health insurance premium in...


Government

California Lawmakers Seek Reparations For People Sterilized By The State

Rosie Zaballos liked to host playtime tea parties and was sweet to everyone she met. But her older brother worried that the 16-year-old, whom her family described as “a little slow,” might someday become pregnant. In his 30s and married, he had three kids of his own. And their mom was sick and...


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