Tribune Publishing says temporary restraining order would kill OC Register bid
Tribune Publishing’s purchase of the Orange County Register and Riverside Press-Enterprise is doomed if the U.S. Department of Justice gets a temporary restraining order on antitrust grounds, the owner of the Los Angeles Times argued on Friday.The Chicago publishing company’s $56-million cash offer for the two papers owned by bankrupt Freedom Communications was selected as the highest bid late Wednesday night. The federal government immediately sued to block the sale, arguing it would harm cons..>> view originalStocks notch a fifth straight week of gains, turning S&P 500 positive
Another strong gain for stocks Friday extended the market's recovery from a dismal start to the year to a fifth week in a row.The Standard and Poor's 500 index closed up for the year for the first time. The Dow Jones industrial average turned positive Thursday. Both had been down more than 10% for the year a little more than a month ago. The Dow rose 120.81 points Friday, or 0.7%, to 17,602.30. It is up 1% for the year. The S&P 500 gained 8.97 points, or 0.4%, to 2,049.56, and is now up 0.3% fo..>> view originalCalifornia unemployment rate dips to 5.5 percent - The San Diego Union
LOS ANGELES (AP) — California's unemployment rate was 5.5 percent in February, continuing a slight downward trend but remaining higher than the nation's jobless rate as a whole, state figures indicated Friday.The state added 39,900 nonfarm payroll jobs, according to a business survey cited by the state Employment Development Department.A smaller federal survey estimated nearly 18 million Californians held jobs last month, an increase of 62,000 from January, the state agency reported.Just over 1 ..>> view originalUS rig count drops 4 this week to all-time low of 476
By Associated Press March 18 at 4:19 PM HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. dropped 4 this week to 476, a record low and another sign of continuing price woes in the oil and gas industry. A year ago, 1,069 rigs were active. Houston-based oilfield services company Baker Hughes Inc. said Friday that 387 rigs sought oil and 89 explored for natural gas this week. Among major oil- and gas-producing states, New Mexico lost two rigs and Kansas, North Dakota, O..>> view originalGeneral Mills to label GMOs on products across the country
General Mills, maker of Cheerios and other popular brands like Yoplait, will start labeling all of its products with genetically modified ingredients.(Photo: David Duprey, AP)General Mills said Friday that it will start labeling its products that contain genetically modified ingredients in response to a law going into effect in Vermont later this year.The maker of Cheerios, Yoplait and Betty Crocker joins Campbell Soup as one of the few major consumer product companies to adopt labeling amid a c..>> view originalThe 11 top US companies targeted by China
A U.S. flag is tweaked ahead of a news conference between U.S. Secretary of State John Kerry and Chinese Foreign Minister Wang Yi at the Ministry of Foreign Affairs in Beijing, Wednesday, Jan. 27, 2016.(Photo: Jacquelyn Martin, AP)China is looking to buy American - at a never-before-seen clip. Starwood Hotels & Resorts (HOT) is just the biggest and latest target.Chinese investors and buyers have announced plans to spend $39 billion so far this year buying U.S. companies, says Richard Peterson, s..>> view originalOnline Payments Upstart Stripe Launching Business in Cuba
Online payments firm Stripe Inc. is joining a number of large U.S. corporations planning ventures and partnerships in Cuba in conjunction with President Barack Obama’s visit on Sunday, the first by a sitting U.S. president since 1928. The San Francisco startup, among the most highly valued in financial technology and a growing competitor to such established firms as J.P. Morgan Chase & Co. and PayPal Holdings Inc., has started...>> view originalWhy we should worry about Domino's delivery robots
Why we should worry about Domino's delivery robotsThe pizza chain continues its quest to become a major tech company with the DRU delivery robot. Let's hope Boston Dynamics doesn't get sold to the food service business, as Carl's Jr. contemplates hiring more machines.>> view originalFormer Affymetrix executives bid for co; challenge Thermo Fisher
A group of former Affymetrix Inc (AFFX.O) executives offered to buy the gene testing and analysis provider for about $1.5 billion, looking to derail the company's deal with Thermo Fisher Scientific Inc (TMO.N).The all-cash $16.10 per share offer represents a 14.8 percent premium to Affymetrix stock's close on Thursday.Affymetrix's shares closed at $15.99 on Friday.Thermo Fisher, the world's largest maker of scientific instruments, in January agreed to buy Affymetrix for $1.3 billion in cash.Th..>> view originalLead Fears Grow in Newark Schools, but the Problem Isn't New
In New Jersey's biggest city, fears are growing over lead in the school district's water after a lab found elevated levels in nearly half its schools. The Newark district quickly shut off sinks and fountains in 30 buildings and has offered to test as many as 17,000 kids for contamination. But the problem isn't new for the state's largest school district. Testing has shown elevated levels in some buildings over the last few years. And the district has been addressing issues of lead in the wat..>> view original
Friday, March 18, 2016
Tribune Publishing says temporary restraining order would kill OC Register bid and other top stories.
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