BUSINESS NEWS - Last Generation Network News - WEDNESDAY, MAY 3rd 2017

BUSINESS NEWS - Last Generation Network News - WEDNESDAY,  MAY 3rd 2017

Lawmakers warn airlines: Shape up or else

The Hill - ‎18 hours ago‎
Lawmakers are threatening to take legislative action against airlines if they don't improve their customer service policies in the wake of a passenger being violently dragged off a United Airlines flight last month.

Molina Healthcare fires its CEO and CFO, sons of the company's founder

Los Angeles Times - ‎10 hours ago‎
In a surprise shake-up Tuesday, Molina Healthcare Inc. - a major player in Obamacare health insurance markets - ousted its two top executives, both sons of the firm's founder.

Time Warner Earnings Beat Estimates as HBO Posts Record Quarter

Hollywood Reporter - ‎13 minutes ago‎
The company says its planned sale to AT&T is on track to close this year as HBO reaches record quarterly operating income, thanks to the likes of 'Big Little Lies,' but Turner ad revenue and subscribers drop.

Volkswagen Group profits soar after cost cuts

BBC News - ‎1 hour ago‎
Volkswagen Group profits have soared in the first quarter as cost-cutting measures kick in, the German car giant has said. Volkswagen Group also sold more models with higher profit margins, a spokesperson said.

Nasdaq poised to fall from record high after Apple iPhone sales disappoint

CNBC - ‎37 minutes ago‎
U.S. stock index futures pointed to a lower open on Wednesday, with the Nasdaq composite set to fall from a record high after mixed quarterly results from Apple.

Twilio Stock Plunges As Guidance Misses; WhatsApp At Root?

Investor's Business Daily - ‎12 hours ago‎
Wall Street anticipated Twilio would lose 6 cents a share on revenue of $83.6 million. (Richard B. Levine/Newscom). REINHARDT KRAUSE; 5/02/2017.

Santa Fe voters reject soda tax, hand rare win to industry

CBS News - ‎40 minutes ago‎
Voters have rejected a measure that would have raised taxes on soft drinks in New Mexico's capital city, giving a rare victory to the beverage industry after a string of recent defeats at the ballot box.

Etsy posts loss, ousts CEO, announces layoffs

MarketWatch - ‎12 hours ago‎
Etsy Inc. is replacing its chief executive and cutting about 8% of its workforce after the online marketplace reported a first-quarter loss and what it described as "a challenging February.

How Canadian Dairy Farmers Escape The Global Milk Glut

NPR - ‎2 hours ago‎
Recently, President Trump went on a small rampage against Canada for blocking imports of one particular type of milk from the United States.

Like I Said, General Motors Is Headed For A Traffic Jam

Seeking Alpha - ‎7 hours ago‎
Back in July and again in September, yours truly here suggested we had already seen so-called "peak auto," and would only see weaker sales of cars going forward.

Wall Street Lawyer Jay Clayton Confirmed as Trump's SEC Chair

Fortune - ‎1 hour ago‎
In a 61-37 vote, the Senate approved the nomination, with some moderate Democrats joining their Republican colleagues in supporting his confirmation.

Net neutrality rollback will restore innovation

Washington Times - ‎11 hours ago‎
A new memorial wall and searchable computerized kiosk was unveiled Tuesday, May 2, 2017, inside the State Police Academy, which tells the stories of each of the 97 state police troopers who died in service to the state.

Oil & Gas Commission Reacts To Deadly Explosion Cause

CBS Local - ‎13 hours ago‎
DENVER (CBS4) - The Colorado Oil & Gas Conservation Commission (COGCC) discussed Tuesday's developments in Firestone house explosion, just hours after investigators said that “fugitive gas” was to blame for the deadly blast.

Interns Making More Than Median US Wages - This Is Just The US Inequality Story All Over Again

Forbes - ‎18 hours ago‎
We know, because we're continually told so, that inequality in the US is soaring to levels not seen since the days of the Robber Barons.

The Supreme Court Just Strengthened the Fair Housing Act. That Doesn't Mean It's Safe.

Slate Magazine - ‎May 1, 2017‎
On Monday, the conservative effort to hobble the Fair Housing Act failed once again at the Supreme Court. By a 5-3 vote, the justices ruled that, under the FHA, cities can sue banks whose predatory lending practices increase segregation.

Schumer's claim that 'millions would pay more' under Trump's tax plan

Washington Post - ‎May 2, 2017‎
Sen. Charles E. Schumer (D-N.Y.): “Well, but he also takes away things like the mortgage interest deduction, the local - state and local property …” Chris Wallace: “No, no, no, that's not true.

Danish drugmaker Novo Nordisk nudges up forecasts after Q1 result

Nasdaq - ‎1 hour ago‎
... * Q1 EBIT above forecast * New drugs drive growth * Nudges up 2017 sales, operating profit outlook * Sees less U.S. political uncertainty * Expects pricing pressure to continue * Novo's share price up 6 pct (Adds detail on peers, outlook for ...

Oil rebounds from near 2017 lows on falling US crude stocks

Reuters - ‎1 hour ago‎
FILE PHOTO: A worker walks past a pump jack on an oil field owned by the Bashneft company near Nikolo-Berezovka, Bashkortostan, Russia , January 28, 2015.

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