Feb 25 Hot Pockets heir gets 5 months in prison for college scam By Alanna Durkin Richer, Associated Press Janavs apologized for trying to create an unfair advantage for her children. Her lawyers portrayed her as a dedicated mother and philanthropist who fell for "manipulative sales tactics."… Continue reading
Feb 25 Stocks sink, bonds soar on fears coronavirus will stunt economy By Alex Veiga, Stan Choe, Associated Press The losses came a day after the market's biggest drop in two years. Investors plowed money into bonds, sending the yield on the 10-year Treasury to a record low. Continue reading
Feb 25 Disney CEO Bob Iger steps down, Bob Chapek named new head By Associated Press Iger says it was an "optimal time" for him to step down following Disney's acquisition of Fox's entertainment assets and the launch of Disney Plus streaming service in November. Continue reading
Feb 25 Drugmaker Mallinckrodt reaches $1.6 billion opioid settlement By Geoff Mulvihill, Associated Press The English company was one of the highest-volume opioid producers in the U.S. and is seeking bankruptcy protection as part of the deal. Continue reading
Feb 25 JPMorgan cuts back lending to coal companies and Arctic drillers By Ken Sweet, Associated Press The bank will only lend to power companies to build coal power plants when the design includes carbon capture technology and will not finance new projects involving oil and gas development in the Arctic. Continue reading
Feb 25 Long-term survivors of HIV/AIDS reflect on what they've witnessed and endured By Grace Birnstengel, Next Avenue "Those of us who are longtime survivors — there are other things popping up now because we weren’t expected to live this long," one HIV survivor said. Continue reading
Feb 25 Trump expresses optimism about eventual U.S.-India trade deal By Jonathan Lemire, Jill Colvin, Associated Press President Donald Trump emerged from a pair of meetings with Indian Prime Minister Narendra Modi citing progress toward a deal but offering no details. Continue reading
Feb 24 White House unveils $2.5 billion emergency coronavirus request By Andrew Taylor, Associated Press The request could advance quickly through Congress and came as coronavirus fears are credited with a 1,000-plus point drop in the Dow Jones index and are increasingly seen as a potential political threat to President Donald Trump. … Continue reading
Feb 24 Watch 5:07 Why the economic impact of COVID-19 might outlast the outbreak The virus that quarantined entire cities in China has spread far beyond, raising the specter of a global pandemic. As cases of novel coronavirus rise in other countries, panic is rippling through financial markets. Grant Thornton economist Diane Swonk joins… Continue watching
Feb 24 How novel coronavirus could change the map on global manufacturing By Gretchen Frazee For companies that have become heavily reliant on China, COVID-19 could serve as a wake-up call. Continue reading