Merrill Lynch's decision to abandon commission-based retirement accounts in response to the pending fiduciary rule has drawn criticism from advisers. They argue that for some clients, especially buy-and-hold investors, transactional fees work out in the clients' favor, and that if these types of accounts are not available, clients may move their business elsewhere.
Microsoft CEO Satya Nadella chose encouragement over punishment when the company's Tay.ai chatbot was quickly manipulated into using racist language, and that team responded with a better product months later. "It's so critical for leaders not to freak people out, but to give them air cover to solve the real problem," Nadella says.
More students -- 645,000 in 2006 compared with 1.1 million in 2016 -- are taking Advanced Placement exams, according to data released by the College Board. Data also show more students are earning passing scores.
Saudi Aramco, Saudi Arabia's state-run oil company, has selected HSBC, JPMorgan Chase and Morgan Stanley as lead underwriters for its initial public offering, sources say. The IPO could raise $100 billion and be the biggest ever conducted.
Through his company, Masienda, chef and entrepreneur Jorge Gaviria is helping US chefs honor Mexico's culinary heritage by sourcing Mexican heirloom corn, which they process in-house to create tortillas that are a cut above those produced with commodity ingredients.
Average life expectancy across the world is expected to increase by 2030, with South Koreans having the highest life expectancy and the US being among developed countries with the lowest, according to a study in The Lancet. UK researchers and the World Health Organization found that men and women in the US are expected to live 79.5 and 83.3 years, respectively.
"Pokemon Go" has generated an estimated $1 billion in revenue in its first seven months, per Sensor Network, and an updated version of the game includes 80 new characters. Sprint and Starbucks are running Pokemon-related pushes across tens of thousands of US locations, and Niantic Labs' John Hanke explains that collaborative advertising continues to be an "integrated sponsorship where it really feels organic to the user, and it's really a nice, complementary experience."
Wal-Mart is reporting 29% growth in online sales in the fourth quarter, the third straight quarter the retail giant is seeing double-digit growth. Wal-Mart's $3.3 billion acquisition of Jet.com in 2016 is helping Wal-Mart to take on online seller Amazon.
Eighty-eight percent of global companies are worried about the threat of a cyberattack, representing businesses' biggest fear, a Business Continuity Institute and British Standards Institute joint report states. "Cyber-attacks and data breaches continue to cost organizations billions of dollars annually, a sum that is only likely to go up with the increasing integration of new pieces of technology into daily operations," BCI's David Thorp said in the foreword to the report.
The nationwide cheese recall due to listeria risk stemming from cheese manufactured by Deutsch Kase Haus has affected 130 additional cheeses and products, and the FDA, along with officials from several states, is investigating. Included in the recall are more than 100 products from MDS Foods, 22 items from Dutch Valley Food Distributors, three cheese brands from Biery Cheese and roast beef sandwiches from Albertsons and Randalls stores.
Congress' input will be important in considering the future of net neutrality and changing overreaching regulations, Sen. John Thune, R-S.D., said in a recent interview. Thune also said he favors broadband privacy rules created in 2016, and he spoke about advancing 5G with the Mobile Now Act.
Congressional leaders have expressed concerns about rural America not benefiting from President Donald Trump's plan to use public-private partnerships to fund infrastructure construction, but John Buttarazzi, a professor of public policy at Georgetown University, argues that P3s can still be used in rural areas. He notes that many P3s don't rely on user fees or tolls.
OPEC doesn't see US shale as a threat and believes the two sides have common interests, said Mohammed Barkindo, the cartel's secretary general. Barkindo believes the global oil market will be able to absorb the surplus of US shale oil and said he would meet US shale producers next month.
Scientists are considering changing the criteria for a planet designation, which could restore Pluto's status and add upward of 110 other celestial objects, writes Patrick Reilly. Pluto was demoted in 2006 in large part because its orbit overlaps with other bodies.
Hoteliers are enlarging their social media presence to advertise and to communicate with current and prospective guests in real time. A recent survey shows travel and hospitality are the third most responsive industry on the various platforms.