Business
Trump's new travel ban faces day in court
In the days after President Donald Trump's January 27 directive banning travel to the U.S.by citizens of seven-majority Muslim countries, about two dozen lawsuits were filed challenging its legality. District Judge James Robart to stop the new travel ban from taking effect on Thursday. It also suspends admission of refugees for 120 days. Joining in that new case are California, Maryland, Massachusetts , New York and Oregon .
Business
Germany Considers Fining Social Media Sites For Hate Speech, Fake News
Justice minister Heiko Maas and family minister Manuela Schwesig at a cabinet meeting last week. Heiko Maas said the voluntary efforts of social networks to tackle the problem had not gone far enough. It deleted only one percent of its flagged illegal content - the same as a year ago - and none of it was removed within 24 hours. As Germany's election campaign gathers pace ahead of the September 24 vote, Chancellor Angela Merkel's government is increasing pressure on social networks to ...
Business
Vallejo police in California will review controversial arrest footage
The Vallejo Police Department is reportedly investigating the arrest. However, the officer is seen on video repeatedly punching the suspect with his fists and flashlight while the suspect shouts "I am God, I am God". Though police trainer Don Cameron conceded that the video is hard to watch, he claimed that appropriate force was used. "When we're down on the ground, we want to get the person in custody as quickly as we can, and we use personal weapons".
Business
Wall Street shrugs off Fed likely raising interest rates
The three major U.S. stock indexes were mixed on Monday as investors continued to react to Friday's U.S.jobs report while positioning themselves ahead of Wednesday's U.S. "That would be dollar-positive". "When rates rise, entrepreneurs relying on credit or relying on customers [who rely] on credit may face additional headwinds", he said.
Business
What are analysts Suggestions on: Valeant Pharmaceuticals International, Inc. (NYSE:VRX)
The company's Debt to equity ratio was 1.17. According to Yahoo Finance, the price target for the company which analysts are aiming is 55. Last April, Ackman testified before a Senate committee about Valeant's much-maligned strategy of buying niche drugs and raising their prices by as much as 3,000 per cent.
Business
Neiman Marcus explores options as Hudson's Bay circles
Canada's Hudson's Bay Co ., the owner of the Lord & Taylor and Saks Fifth Avenue chains, is in talks to buy USA luxury fashion retailer Neiman Marcus Group LLC, turning its focus away from Macy's Inc., the Wall Street Journal reported on Tuesday .