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  • Myanmar, China ink deals to accelerate Belt and Road as Xi courts an isolated Suu Kyi

    China and Myanmar inked dozens of deals on Saturday to speed up infrastructure projects in the Southeast Asian nation, as Beijing seeks to cement its hold over a neighbour increasingly isolated by the West. Analysts said Myanmar was generally cautious of investments by Beijing and was also being careful ahead of elections later this year.

    Sat, 18 Jan 2020 02:14:57 -0500
  • 4 killed, 1 injured in family shooting in Utah suburb

    Golocal247.com news

    Four members of a family were killed and one injured in a shooting Friday night in a Salt Lake City suburb, local media report. The suspected shooter was taken into custody by Grantsville police, the Deseret News reported. Grantsville Mayor Brent Marshall said the victims and the shooter are all related, the newspaper reported.

    Sat, 18 Jan 2020 00:34:57 -0500
  • Musk's SpaceX to simulate rocket failure in final astronaut capsule test

    Golocal247.com news

    Elon Musk's SpaceX is gearing up to destroy one of its own rockets on Saturday to test a crucial emergency abort system on an unmanned astronaut capsule, the company's final milestone test before flying NASA astronauts from U.S. soil. Less than two minutes after liftoff from a launchpad in Florida, SpaceX's Crew Dragon capsule will fire on-board thrusters to eject itself off a Falcon 9 rocket mid-air, simulating an emergency abort scenario that will prove it can return astronauts to safety. "I will tell you tomorrow will be an exciting day," Kathy Lueders, NASA's commercial crew program manager, told reporters on Friday.

    Sat, 18 Jan 2020 00:05:59 -0500
  • Musk's SpaceX to simulate rocket failure in final astronaut capsule test

    Elon Musk's SpaceX is gearing up to destroy one of its own rockets on Saturday to test a crucial emergency abort system on an unmanned astronaut capsule, the company's final milestone test before flying NASA astronauts from U.S. soil. Less than two minutes after liftoff from a launchpad in Florida, SpaceX's Crew Dragon capsule will fire on-board thrusters to eject itself off a Falcon 9 rocket mid-air, simulating an emergency abort scenario that will prove it can return astronauts to safety. "I will tell you tomorrow will be an exciting day," Kathy Lueders, NASA's commercial crew program manager, told reporters on Friday.

    Sat, 18 Jan 2020 00:01:00 -0500
  • Reuters Entertainment News Summary

    Following is a summary of current entertainment news briefs. Four men and three women were chosen on Thursday as jurors in the rape trial of Harvey Weinstein, as the judge cautioned against using the case to make a broader statement about the #MeToo movement. Weinstein, 67, has pleaded not guilty to charges in New York of assaulting two women, and faces life in prison if convicted on the most serious charge, predatory sexual assault.

    Fri, 17 Jan 2020 23:56:43 -0500
  • Reuters Science News Summary

    An exquisite fossil of a fierce little Chinese dinosaur dubbed the "dancing dragon" that lived 120 million years ago - an older cousin of the Velociraptor - is showing scientists that feathers grew differently on dinosaurs than on birds. The two-legged Cretaceous Period dinosaur, called Wulong bohaiensis, was a bantamweight meat-eater - a bit bigger than a crow - residing in a lakeside environment, researchers said.

    Fri, 17 Jan 2020 23:56:42 -0500
  • Reuters Health News Summary

    A Pennsylvania judge on Friday slashed to $6.8 million from $8 billion a punitive damages award against Johnson & Johnson to a man who said it failed to warn that boys using its antipsychotic drug Risperdal could grow breasts. Judge Kenneth Powell of the Philadelphia Court of Common Pleas reduced the payout that a jury awarded Oct. 8 to the plaintiff Nicholas Murray, a Maryland resident. Only about one in four patients on Medicare receive cardiac rehabilitation recommended to help them recover from events like a heart attack or coronary bypass surgery, a U.S. study suggests.

    Fri, 17 Jan 2020 23:56:42 -0500
  • Reuters Odd News Summary

    Applications to become Japanese billionaire Yusaku Maezawa's girlfriend have topped 20,000, streaming service AbemaTV said on Thursday, ahead of its documentary on his search for a "life partner" to take on his moon voyage. Maezawa, who will be the first private passenger on Elon Musk's SpaceX, has already generated huge social media buzz with a $9 million giveaway to his followers that secured his position as Japan's foremost Twitter celebrity. Have a cold one, have an "El Chapo" beer.

    Fri, 17 Jan 2020 23:56:42 -0500
  • Reuters People News Summary

    French designer Jean Paul Gaultier, known for dressing stars like Madonna and who cultivated an irreverent image as the industry's "bad boy", said on Friday that a fashion show in Paris next week would be his last. Gaultier, 67, did not detail what would happen to his namesake brand, owned by private Spanish fashion and fragrance group Puig, only saying in a brief statement that it would continue to exist. "I will be celebrating my 50th anniversary in fashion with a major Haute Couture fashion show," Gaultier said in short statement.

    Fri, 17 Jan 2020 23:56:42 -0500
  • Andrew Yang's wife Evelyn says she was sexually assaulted by her doctor during pregnancy

    Golocal247.com news

    Editor's Note: This story contains graphic details of alleged sexual assaults. Presidential candidate Andrew Yang’s wife, Evelyn Yang, claims she was sexually assaulted by her OBGYN while she was pregnant with her first son, revelations she said she shared on CNN on Thursday to help other women. In the interview, the candidate's wife said she faced months of abuse as a patient of Dr. Robert Hadden.

    Fri, 17 Jan 2020 23:34:00 -0500
  • Yemen's rival powers battle over banknotes

    SANAA/ADEN, Jan 18 (Reuters) - Yemen's warring sides opened a new front in their five-year conflict on Saturday - a battle over old and new banknotes that threatens to create two economies in the same state. As of midnight, the Houthi movement which controls the capital Sanaa outlawed the use and possession of crisp new Yemeni riyal bills issued by its rivals in the internationally recognised government based in the southern port town of Aden. In the one-month build up to the ban, people in Houthi-controlled areas have been queuing to try to exchange their new riyal notes for old, turning the grubby and torn bills into a prized and relatively scarce commodity.

    Fri, 17 Jan 2020 23:00:00 -0500
  • Navy to name aircraft carrier for Pearl Harbor hero Miller

    The U.S. Navy is expected to honor a World War II hero when a new aircraft carrier is named for Mess Attendant 2nd Class Doris Miller. The announcement is expected to be made at Pearl Harbor Monday, The Honolulu Star-Advertiser reported Friday. Miller was the first African American to receive the Navy Cross for valor.

    Fri, 17 Jan 2020 22:19:12 -0500
  • Toshiba finds doubtful transactions in unit, to revise past statements

    Toshiba Corp said on Saturday it "could not confirm existence" of transactions worth some 20 billion yen ($181.59 million) at one of its subsidiaries in the first half of this fiscal year, prompting it to revise past financial statements. The irregularities, which occurred over multiple years, were uncovered at Toshiba IT-Services Corporation, a wholly-owned subsidiary, as a result of an internal probe launched at the end of November, Toshiba said in a statement. The company has been trying to win back the market's trust after a 2015 accounting scandal uncovered widespread irregularities at the laptops-to-nuclear conglomerate for years.

    Fri, 17 Jan 2020 22:15:52 -0500
  • U.S. census to kick off in remote Alaska Native village

    This year's once-a-decade official U.S. national population count will start in a small Alaska Native village perched on the tundra overlooking the Bering Sea. The 2020 U.S. census is due to launch on Tuesday in Toksook Bay, a Yup'ik hamlet about 500 miles (800 km) west of Anchorage, the state's largest city. Census Bureau Director Steven Dillingham himself is scheduled to conduct the first in-home interview, with an elder chosen by the local tribe.

    Fri, 17 Jan 2020 22:06:56 -0500
  • Thieves dressed as women steal car keys from gym lockers and drive off, Georgia cops say

    Golocal247.com news

    Georgia gym-goers might want to invest in locks.

    Fri, 17 Jan 2020 22:06:41 -0500
  • U.S. census to kick off in remote Alaska Native village

    This year's once-a-decade official U.S. national population count will start in a small Alaska Native village perched on the tundra overlooking the Bering Sea. The 2020 U.S. census is due to launch on Tuesday in Toksook Bay, a Yup'ik hamlet about 500 miles (800 km) west of Anchorage, the state's largest city. Census Bureau Director Steven Dillingham himself is scheduled to conduct the first in-home interview, with an elder chosen by the local tribe.

    Fri, 17 Jan 2020 22:06:00 -0500
  • China reports new Wuhan virus cases ahead of key holiday

    Golocal247.com news

    Chinese health authorities said on Saturday they had discovered four more cases of pneumonia following an outbreak of what is believed to be a new coronavirus strain in the central city of Wuhan, raising concerns that the disease could spread further. The four individuals were diagnosed with pneumonia on Thursday and are in stable condition, the Wuhan Municipal Health Commission said in a statement published shortly after midnight, a day after it confirmed the death of a second patient. Nearly 50 people are known to have been infected and so far involve only individuals who have traveled to or live in Wuhan, but the World Health Organization (WHO) has warned that a wider outbreak is possible.

    Fri, 17 Jan 2020 21:38:54 -0500
  • China reports four more cases in Wuhan virus outbreak

    Chinese health authorities said on Saturday they had discovered four more cases of pneumonia following an outbreak of what is believed to be a new coronavirus strain in the central city of Wuhan. The four individuals were diagnosed with pneumonia on Thursday and are in stable condition, the Wuhan Municipal Health Commission said in a statement published shortly after midnight. Saturday's statement marked the first confirmation of new cases by the authority in nearly a week and came a day after the commission confirmed the death of a second patient.

    Fri, 17 Jan 2020 21:12:28 -0500
  • Trump, EU chief to meet in Davos as U.S tariffs loom over digital tax: sources

    Golocal247.com news

    Donald Trump is expected to meet with EU leader Ursula von der Leyen in Davos, Switzerland, next week, three sources said on Friday, as tensions mount between the allies over tariff threats and the U.S. president faces an impeachment trial at home. Just days after Trump scored big victories by inking a partial trade deal with China and passing a revamp of the North American Free Trade Agreement, he will travel to the World Economic Forum where he is expected to discuss deepening trade disputes with the European Commission president. The White House and the European Commission did not immediately respond to requests for comment.

    Fri, 17 Jan 2020 21:09:23 -0500
  • REFILE-Floods, road closures in Australia as storms lash some bushfire-hit regions

    Thunderstorms lashed parts of Australia's east coast early on Saturday, causing road closures and flash flooding, but the country was still battling nearly 100 bushfires and some of the affected areas remained dry. Victoria, New South Wales and Queensland, states hit badly by the bushfires that have so far killed 29 people, destroyed more than 2,500 homes and scorched millions of acres of land, are now dealing with rain bucketing down. Major highways were closed in Queensland early on Saturday, with the state getting some of the heaviest rain Australia has seen for months, while power was cut in parts of New South Wales after a stormy night.

    Fri, 17 Jan 2020 20:49:25 -0500
  • Trump, EU chief to meet in Davos as U.S tariffs loom over digital tax -sources

    Donald Trump is expected to meet with EU leader Ursula von der Leyen in Davos, Switzerland, next week, three sources said on Friday, as tensions mount between the allies over tariff threats and the U.S. president faces an impeachment trial at home. Just days after Trump scored big victories by inking a partial trade deal with China and passing a revamp of the North American Free Trade Agreement, he will travel to the World Economic Forum where he is expected to discuss deepening trade disputes with the European Commission president. The White House and the European Commission did not immediately respond to requests for comment.

    Fri, 17 Jan 2020 20:39:15 -0500
  • Teachers doused in jet fuel at California school sue Delta Air Lines

    Golocal247.com news

    The plaintiffs say the pilot of the Delta Flight 89, which took off from Los Angeles International Airport (LAX) on Tuesday bound for Shanghai, failed to follow proper procedures in dumping thousands of pounds of fuel over a densely populated area at relatively low altitude. A Delta spokesman declined to comment on the lawsuit, which was filed in Los Angeles County Superior Court and seeks unspecified damages. Dozens of children and teachers at Park Avenue Elementary School in suburban Cudahy were showered with jet fuel released by the plane as it circled back toward LAX minutes after reporting an engine problem following takeoff.

    Fri, 17 Jan 2020 20:36:52 -0500
  • Teachers doused in jet fuel at California school sue Delta Air Lines

    Four Los Angeles-area schoolteachers who were doused with jet fuel dumped by a Delta Air Lines plane in the minutes before it made an emergency landing sued the airline on Friday, accusing the flight crew of negligence. The plaintiffs say the pilot of the Delta Flight 89, which took off from Los Angeles International Airport (LAX) on Tuesday bound for Shanghai, failed to follow proper procedures in dumping thousands of pounds of fuel over a densely populated area at relatively low altitude. A Delta spokesman declined to comment on the lawsuit, which was filed in Los Angeles County Superior Court and seeks unspecified damages.

    Fri, 17 Jan 2020 20:34:30 -0500
  • BSO believes this man tried to kidnap a woman who was walking her dog in Deerfield Beach

    Golocal247.com news

    Broward Sheriff’s Office detectives are searching for a man who they say tried to kidnap a woman in Deerfield Beach.

    Fri, 17 Jan 2020 20:04:31 -0500
  • After base shooting, Pentagon restricts foreign trainee access to guns

    The Pentagon announced on Friday new restrictions on international military students' access to guns on U.S. bases, as well as other measures, after a Saudi officer killed three U.S. sailors at a Florida naval base last month. Three U.S. sailors were killed and eight other people were wounded in the attack at the Pensacola Naval Air Station. A deputy sheriff shot dead the gunman, Saudi Air Force Second Lieutenant Mohammed Saeed Alshamrani.

    Fri, 17 Jan 2020 19:53:33 -0500
  • 'Little Fires Everywhere' trailer drops

    Golocal247.com news

    The first look at "Little Fires Everywhere" has arrived! Based on the 2017 bestseller by author Celeste Ng, "Little Fires Everywhere" stars Reese Witherspoon and Kerry Washington as two mothers whose families find themselves inextricably linked. The series, which also features Joshua Jackson, Jesse Williams and Rosemarie DeWitt, premieres on Hulu March 18.

    Fri, 17 Jan 2020 19:42:39 -0500
  • Secretive, million-dollar Florida agency served itself, not domestic violence victims | Opinion

    Kudos to Rep. Juan Fernandez-Barquin, D-Miami, and Sen. Aaron Bean, R-Fernandina Beach, for standing up to the Florida Coalition Against Domestic Violence (FCADV), a small and secretive operation with an exceptional skill at making friends in high places.

    Fri, 17 Jan 2020 19:31:10 -0500
  • Pastor threatens to shoot up congregation at his old church, California cops say

    Golocal247.com news

    A part-time pastor at a Northern California church was arrested Thursday after police said he made alarming shooting threats against another church, where he used to be a member.

    Fri, 17 Jan 2020 19:24:28 -0500
  • Louisiana, Alaskan tribes file UN climate change complaint

    Four coastal Louisiana tribes and one in Alaska that say the U.S. government violated their human rights by failing to take action on climate change have submitted a formal complaint to the United Nations in Switzerland. Sea-level rise and coastal erosion are drowning tribal burial sites in South Louisiana, according to the complaint. Continued land loss further threatens the tribes' source of food, said Shirell Parfait-Dardar, chief of the Grand Caillou and Dulac Band of Biloxi-Chitimacha-Choctaw Indians.

    Fri, 17 Jan 2020 19:05:16 -0500
  • Reuters US Domestic News Summary

    Michigan's Democratic governor has urged Facebook Chief Executive Mark Zuckerberg to step up efforts to check hate speech on the social network and protect the security of elections, citing attacks on legislators from the state. "Of late, hundreds of vitriolic, sexist and violent posts on Facebook have called for violence against Muslims and Michigan legislators," Governor Gretchen Whitmer wrote to Zuckerberg in a letter she also shared on Twitter on Friday. President Donald Trump's campaign plans to blanket Iowa with representatives and events ahead of the state's Feb. 3 caucuses, hoping to use the first-in-the-nation primary to show evidence of his strength in rural America, sources tell Reuters.

    Fri, 17 Jan 2020 18:54:30 -0500
  • Reuters World News Summary

    Explainer: How close is Iran to producing a nuclear bomb? The central achievement of the Iran nuclear deal - keeping Tehran at arm's length from nuclear weapons - is eroding. The 2015 accord's many restrictions on Iran's atomic activities were built around one objective: to extend the "breakout time" Tehran would need to produce enough fissile material for one atomic bomb - if it decided to do so - to at least a year from around 2-3 months.

    Fri, 17 Jan 2020 18:54:29 -0500
  • Guinea-Bissau Supreme Court calls for clarification of presidential vote result

    The outcome of Guinea-Bissau's presidential election was thrown into doubt on Friday after the Supreme Court called for a clarification of the tally hours after the electoral commission released the final results. Former prime minister and ex-army general Umaro Cissoko Embalo has been hailed as the winner of last month's runoff vote.

    Fri, 17 Jan 2020 18:43:56 -0500
  • The Wiggles singer Page suffers cardiac arrest at Sydney bushfire relief concert

    A founding member of Australian popular children's music group The Wiggles suffered a cardiac arrest and collapsed while performing at a bushfire relief concert in Sydney on Friday, the band said. The 48-year-old Greg Page, known to Australians as the original Yellow Wiggle and an intermittent member of the group since its beginning in 1991, fell in front of fans while walking off stage at the end of the concert. "As has been reported, our friend Greg Page suffered a cardiac arrest at the end of the bushfire relief performance and was taken to hospital," The Wiggles said on the band's Twitter account.

    Fri, 17 Jan 2020 18:41:21 -0500
  • Despite U.S. law, many clinical trial results go unreported

    "Doctors and patients cannot make informed choices about which treatments work best when the results of clinical trials are withheld," said study leader Dr. Ben Goldacre from Oxford University, in a telephone interview. Goldacre and colleagues looked to see if trial sponsors were complying with the 2007 U.S. Food and Drug Administration Amendments Act in the period after final guidance was issued in 2017. Under that law, sponsors of U.S. clinical trials are required to report data from applicable studies within a year of completion.

    Fri, 17 Jan 2020 18:37:02 -0500
  • Hoverboarding dentist convicted of Medicaid fraud in Alaska

    An Alaska dentist, who gained notoriety after he was seen in a video riding a hoverboard and pulling teeth, was convicted Friday of defrauding the Alaska Medicaid program. Seth Lockhart was convicted of 46 counts, including felony medical assistance fraud and scheming to defraud, and misdemeanor counts of illegally practicing dentistry and reckless endangerment, prosecutors said. Friends had asked Lockhart how he got away with some of his practices.

    Fri, 17 Jan 2020 18:35:49 -0500
  • Political fundraiser gets 3-year prison sentence for fraud

    Kelley Rogers, former president of the consulting firm Strategic Campaign Group, pleaded guilty last year to wire fraud in one of the first cases of its kind.

    Fri, 17 Jan 2020 18:27:52 -0500
  • A fifth woman is accusing an ex-Hialeah cop of sexual assault. The FBI is investigating

    Golocal247.com news

    A new alleged victim is accusing recently fired Hialeah Police Department Sgt. Jesús Menocal Jr. of sexual assault, becoming at least the fifth woman to make such a complaint, the Miami Herald has learned.

    Fri, 17 Jan 2020 18:18:13 -0500
  • Thief steals $145K in cash from marijuana money courier

    A man stole $145,000 in cash from a marijuana money courier's unmarked van at a Southern California gas station after the driver collected the proceeds from several dispensaries, authorities said Friday. Because the U.S. government still outlaws marijuana, even in legal states like California, it is mostly an all-cash business because of federal banking laws. Santa Ana police released surveillance footage from the gas station and asked for the public's help to identify the suspect.

    Fri, 17 Jan 2020 17:56:17 -0500
  • 'Dancing dragon' shows feathers grew differently on dinosaurs and birds

    An exquisite fossil of a fierce little Chinese dinosaur dubbed the "dancing dragon" that lived 120 million years ago - an older cousin of the Velociraptor - is showing scientists that feathers grew differently on dinosaurs than on birds. The two-legged Cretaceous Period dinosaur, called Wulong bohaiensis, was a bantamweight meat-eater - a bit bigger than a crow - residing in a lakeside environment, researchers said. It possessed a scaly face, a mouth full of pointy teeth and one particularly dangerous toe claw, and probably hunted small mammals, lizards, birds and fish.

    Fri, 17 Jan 2020 17:48:18 -0500
  • Michigan governor urges broader Facebook crackdown on hate speech, citing attacks on state's lawmakers

    Michigan's Democratic governor has urged Facebook Chief Executive Mark Zuckerberg to step up efforts to check hate speech on the social network and protect the security of elections, citing attacks on legislators from the state. "Of late, hundreds of vitriolic, sexist and violent posts on Facebook have called for violence against Muslims and Michigan legislators," Governor Gretchen Whitmer wrote to Zuckerberg in a letter she also shared on Twitter on Friday. Facebook did not immediately respond to a request for comment.

    Fri, 17 Jan 2020 17:47:41 -0500
  • 'Dancing dragon' shows feathers grew differently on dinosaurs and birds

    An exquisite fossil of a fierce little Chinese dinosaur dubbed the "dancing dragon" that lived 120 million years ago - an older cousin of the Velociraptor - is showing scientists that feathers grew differently on dinosaurs than on birds. The two-legged Cretaceous Period dinosaur, called Wulong bohaiensis, was a bantamweight meat-eater - a bit bigger than a crow - residing in a lakeside environment, researchers said. It possessed a scaly face, a mouth full of pointy teeth and one particularly dangerous toe claw, and probably hunted small mammals, lizards, birds and fish.

    Fri, 17 Jan 2020 17:45:45 -0500
  • Colorado teen sentenced to 30 years in Xbox killing

    A 16-year-old boy was sentenced to 30 years in prison on Friday for fatally shooting a man while trying to steal an Xbox he had arranged to buy. Brigham Yahir Mendez was charged as an adult in the 2018 shooting of Jacob Michael Clymer, 32, and pleaded guilty in October to second-degree murder. According to prosecutors, Mendez met Clymer and his wife, Melinda Hatcher, on Oct. 31, 2018 in Aurora after arranging on Facebook to buy an Xbox gaming system for $250.

    Fri, 17 Jan 2020 17:43:46 -0500
  • Facebook must disclose app records for Massachusetts probe, judge rules

    Golocal247.com news

    In a decision made public on Friday, Massachusetts Superior Court Justice Brian Davis said Attorney General Maura Healey had demonstrated a "substantial need" for the material, as she investigates Facebook's privacy practices. Healey began her probe in March 2018, following news that Facebook had let British political consulting firm Cambridge Analytica access data for as many as 87 million users.

    Fri, 17 Jan 2020 17:38:05 -0500
  • Facebook must disclose app records for Massachusetts probe, judge rules

    Facebook Inc has been ordered by a Massachusetts judge to turn over materials to that state's attorney general about thousands of apps that the social media company suspected may have misused customer data. In a decision made public on Friday, Massachusetts Superior Court Justice Brian Davis said Attorney General Maura Healey had demonstrated a "substantial need" for the materials, as she investigates Facebook's privacy practices. Facebook did not immediately respond to requests for comment.

    Fri, 17 Jan 2020 17:32:20 -0500
  • Trump says Iran's Khamenei 'should be very careful with his words'

    U.S. President Donald Trump said Iran's Supreme Leader Ayatollah Ali Khamenei should be very careful about what he says after Khamenei harshly criticized the United States in a Friday prayers sermon in Tehran. "The so-called 'Supreme Leader' of Iran, who has not been so Supreme lately, had some nasty things to say about the United States and Europe," Trump said in a tweet.

    Fri, 17 Jan 2020 17:23:15 -0500
  • IMF chief says interactions with Argentina 'very constructive' so far

    International Monetary Fund Managing Director Kristalina Georgieva said on Friday the lender has had "very constructive" exchanges with Argentina's new Peronist government and would do whatever possible to assist the indebted country. Argentina is grappling with a severe debt crisis since last year that has forced it to enter negotiations with creditors, including the IMF, to restructure around $100 billion of sovereign debt to avoid a damaging default. "We have had very constructive interactions so far with the new leadership in Argentina," Georgieva said at an event at the Peterson Institute for International Economics in Washington, according to a recording shared by an IMF spokesman.

    Fri, 17 Jan 2020 17:13:01 -0500
  • Karlie Kloss and Joshua Kushner have 'been through a lot'

    Golocal247.com news

    Not all Kushners will be voting for President Donald Trump in November. In an interview with Andy Cohen on "Watch What Happens Live," model Karlie Kloss, who's married to Joshua Kushner, brother of White House senior adviser Jared Kushner, said her opinions had not been impacted by her in-laws' politics. Jared Kushner is married to Ivanka Trump, the eldest daughter of the president.

    Fri, 17 Jan 2020 17:03:00 -0500
  • Morgan Stanley CEO Gorman's total 2019 pay falls 7% to $27 million

    Golocal247.com news

    Morgan Stanley Chief Executive James Gorman is receiving $27 million in total compensation in 2019, nearly 7% less than what he got the year before, the company said in a filing on Friday, following a reduction of bonuses staff-wide. The board, which decides the top executives' pay, called the 61-year-old's performance in the year "outstanding" and acknowledged "the firm's strong financial performance." The bank's reported profit jumped 46% to $2.09 billion in 2019 compared to 2018. In the bank's fourth quarter earnings on Thursday it said it was lowering 2019 bonuses staff-wide in an effort to offset a 7% increase in other compensation expenses.

    Fri, 17 Jan 2020 16:58:57 -0500
  • Blizzard slams Canada's Newfoundland, state of emergency declared in capital

    A winter blizzard hammered Canada's Atlantic coast on Friday packing wind gusts of more than 120 km/h (75 mph) and dumping more than 60 cm (2 feet) in some areas, prompting several towns in the province of Newfoundland and Labrador to declare a state of emergency. Later in the day the conditions grew so poor that snow plows were taken off the roads. "To everyone in (Newfoundland and Labrador) affected by the storm, please listen to your local authorities," Canadian Prime Minister Justin Trudeau said on Twitter.

    Fri, 17 Jan 2020 16:56:18 -0500
  • With market at record highs, eyes on reports from chipmakers

    Golocal247.com news

    Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs. The S&P 500 has gotten off to a strong start in January, up 3% so far this year, fueled by a truce in the U.S.-China trade war, low interest rates and signs the economy remains healthy. Analysts on average expect reports to show S&P 500 earnings per share fell 0.8% in the fourth quarter, with technology earnings seen up 0.6%, according to IBES data from Refinitiv.

    Fri, 17 Jan 2020 16:55:46 -0500
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