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US lawmakers demand Puerto Rico governor resign as protests roil island

Union workers join with other protesters as they demonstrate against Ricardo Rossello, the Governor of Puerto Rico on July 19, 2019 in Old San Juan, Puerto Rico. There have been calls for the Governor to step down after it was revealed that he and top aides were part of a private chat group that contained misogynistic and homophobic messages. Joe Raedle | Getty Images News | Getty Images Several U... »

Iran, UK appear to seek de-escalation despite tanker seizure

Iran and Britain appeared to signal Saturday that they are not seeking confrontation, a day after Iran seized a British-flagged tanker in the strategic Strait of Hormuz, a flashpoint in rising tensions between Tehran and the West. Iran’s state news agency said it had seized the Stena Impero for an investigation after it had collided with an Iranian fishing boat — an explanation that avoided ... »

Saudi king reportedly approves hosting U.S. troops to enhance regional security

Saudi Arabia’s King Salman bin Abdulaziz Al Saud. Bandar Algaloud | Courtesy of Saudi Royal Court | Reuters Saudi Arabia’s King Salman approved hosting U.S. forces in the country to boost regional security and stability, the state news agency (SPA) reported on Friday. The U.S. Defense Department confirmed the move in a statement, saying it would deploy troops and resources to Saudi Ara... »

Veteran Hong Kong actor Simon Lam stabbed at event in China

Actor Simon Yam Tat-wah arrives at the red carpet of the 1st Fundraising Dinner on March 30, 2019 in Hong Kong, China. VCG | Visual China Group | Getty Images Veteran Hong Kong actor Simon Yam has been stabbed while attending an event in southern China. Police say his injuries are not life-threatening and a suspect has been detained. The motive is unclear. His manager Lester Mo says Yam was stabbe... »

Tom Cruise’s jacket in the ‘Top Gun’ sequel shows just how crucial China is to the US film industry

Tom Cruise on the set of “Top Gun.” Paramount Pictures | Sunset Boulevard | Corbis | Getty Images On Thursday, Paramount debuted the first trailer for “Top Gun: Maverick,” a sequel to the much beloved ’80s classic “Top Gun,” at San Diego Comic-Con. By Friday, eagle-eyed fans had spotted one big difference between the iconic leather jacket Tom Cruise wears ... »

White House to host meeting with tech executives on Huawei ban: Reuters

U.S. Treasury Secretary Steven Mnuchin gives a briefing on cryptocurrency at the White House in Washington, U.S., July 15, 2019. Kevin Lamarque | Reuters U.S. officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and software executives to discuss the U.S. ban on Huawei Technologies, two... »

A slew of NYC subway lines were suspended ahead of the hottest weekend of the year

New York Subway station near Penn Station. Mario Tama | Getty Images New Yorkers on the subway are kicking off their weekends dealing with long delays to go with the blazing hot temperatures. The MTA reported at 6 p.m. Friday that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions. The shuttle between Times Square and Gra... »

Judge denies J&J’s request to transfer 2,400 talc lawsuits to federal court

Containers of Johnson’s baby powder made by Johnson and Johnson are displayed on a shelf on July 13, 2018 in San Francisco, California. Justin Sullivan | Getty Images A federal judge on Friday denied Johnson & Johnson‘s request to transfer about 2,400 lawsuits over its talc-based baby powder to a district court in Delaware, sending the cases back to state courts. J&J asked to t... »

Cramer’s rundown of earnings next week: Buy Chipotle, watch Whirlpool and steer clear of Alphabet

Wall Street is preparing for a big week of earnings that will offer a better read of the apparent economic slowdown, CNBC’s Jim Cramer said Friday. During Friday’s session, the Dow Jones Industrial Average slid nearly 69 points. The S&P 500 and Nasdaq Composite also slipped 0.62% and 0.74%, respectively, as the market digested a full week of the latest quarterly results. The two la... »

How dairy behemoth Danone failed to win India’s 1.35 billion dairy lovers

India is the world’s top producer and consumer of dairy — in 2018 alone, the country’s 75 million dairy farmers produced 410 billion pounds of milk, about 22% of global production. With this and its dairy-heavy diet of curries and yogurt drinks, the giant French dairy company Danone hoped to find success in the country, opening its own production line in 2011. But this division failed ... »

Fed’s Rosengren not on board for rate cut: ‘I think we should wait’

The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren Keith Bedford | Reuters Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can afford to be patient as long as the economy holds up. Speaking just 12 days before the Fed is expected to ease monetary policy... »

Trump’s public attacks have ‘no effect’ on Fed policy, Rosengren says

Eric Rosengren, president and chief executive officer of the Federal Reserve Bank of Boston at the Brookings Institution in Washington, D.C., on Jan. 8, 2018. Andrew Harrer | Bloomberg | Getty Images President Donald Trump’s constant berating of the Federal Reserve and its actions does not influence the central bank’s decisions on monetary policy, Boston Fed President Eric Rosengren sa... »

Analyst: Anheuser Busch Isn’t Done With Shedding Assets

Anheuser Busch Inbev NV (NYSE: BUD) sold its Australian beer assets to Japan’s Asahi Group Holdings for $11.3 billion in enterprise value. According to one analyst, the parent company of Budweiser has other assets lined up for sale. What Happened Proceeds from the sale of AB InBev’s Australian business named Carlton & United Breweries will be used to pay down the debt load whi... »

Trump says he will call Swedish PM about locked up rapper A$AP Rocky after call from Kanye West

Rapper A$AP Rocky performs onstage during Breakout Festival 2019 at PNE Amphitheatre on June 15, 2019 in Vancouver, Canada. Andrew Chin | Getty Images President Donald Trump on Friday said he will call the Swedish prime minister “to see what we can do about” rapper A$AP Rocky, who is incarcerated in Sweden. The president decided that he would make that call to Prime Minister Stefan Lof... »

JC Penney: We haven’t hired advisors ‘to prepare for an in-court restructuring or bankruptcy’

Signage is displayed outside a JC Penney Co. store in Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images J.C. Penney on Friday afternoon said it hasn’t hired any advisors to prepare for an “in-court restructuring or bankruptcy.” The statement followed a report Thursday evening that the embattled department store chain had hired advisers to explore debt restructuring ... »

NASA is considering this inflatable space habitat for its return to the moon

Sierra Nevada Corporation is one of the private-sector companies trying to help NASA get people back to the moon. The company is developing what it calls the “Large Inflatable Fabric Environment ” at the Johnson Space Center in Houston, Texas. Sierra Nevada hopes NASA will use the habitat in its new Artemis program, which will lead the U.S. back to the moon and, eventually, Mars. Sierr... »

Medallia soars more than 70% in market debut as investors flock to another cloud software IPO

Medallia surged more than 70% in its market debut on Friday, becoming the latest cloud software company to attract public market investors. The San Francisco-based company, which sells software tools to help companies monitor customer satisfaction, was initially priced at $21 per share but broke the $35 per share mark soon after trading began. The company said in a SEC filing on July 8, that it ex... »

Medallia soars more than 75% in market debut as investors flock to another cloud software IPO

Medallia surged more than 75% in its market debut on Friday, becoming the latest cloud software company to attract public market investors. The San Francisco-based company, which sells software tools to help companies monitor customer satisfaction, was initially priced at $21 per share but broke the $35 per share mark soon after trading began. The company said in a SEC filing on July 8 that it exp... »

Jeffrey Epstein’s jail work release in Florida under investigation after sex contact claims

Jeffrey Epstein attends Launch of RADAR MAGAZINE at Hotel QT on May 18, 2005. Patrick McMullan | Getty Images The supervision that Jeffrey Epstein, now accused of child sex trafficking, received from jailers in Florida a decade ago is now the subject of an internal investigation on the heels of claims he had sexual contact with at least one young woman, authorities said Friday. Epstein was allowed... »

WeWork will host a Wall Street analyst day this month ahead of IPO

Signage is seen at the entrance of the WeWork offices on Broad Street in New York. David ‘Dee’ Delgado | Bloomberg | Getty Images The We Company, parent of shared office space manager WeWork, plans to host an analyst day for Wall Street banks on July 31, as the company steps up its preparations for an initial public offering (IPO), people familiar with the matter said. WeWork’s d... »