Harvey Pitt, Christopher Cox and Mary Schapiro, all former heads of the Securities and Exchange Commission, said at an industry conference that the SEC should write and enact a fiduciary rule putting clients' interest first. "It doesn't matter what you are called; it matters what you do," said Pitt, chairman from 2001 to 2003. "If people are giving advice, they should be held to the same standards."
Partnerships and collaborations among individuals, brands and industries are the way of the future, says Nike President and CEO Mark Parker. "It's clear to me that if all the ingredients are right, collaboration can help shape your vision of the future and get you there faster," he says.
Fewer than one-third of students take the SAT or ACT in the 50 largest US cities, said researchers at the University of Washington Bothell's nonpartisan Center on Reinventing Public Education. Memphis, Tenn., had the highest rate of test-takers at 30%.
The International Monetary Fund has lowered its projection for the world's economic growth this year from the 3.3% forecast it made in July to 3.1%. The change is a response to the slowing of emerging-market economies triggered by falling commodity prices. The IMF warned emerging economies to prepare for a tightening of monetary policy by the US.
Several Associated Food Stores have partnered with Robinson Fresh to launch a produce program that offers a discount variety of "ugly" seasonal fruits and vegetables. The Misfit program aims to raise awareness and encourage the reduction of food waste, and offers a treasure hunt experience for customers, the companies said.
The CMS has issued rules covering the 2015 Edition Health IT Certification Criteria, changes to stage 1 and stage 2 EHR meaningful use, and requirements for stage 3 of the meaningful use program. Provisions include a 90-day attestation period for new participants in 2016 and 2017 and all providers in 2105, alignment of the programs with the calendar year, consolidation of public health reporting measures, and more. Stakeholders were given 60 days to comment on the rules.
Refinery29 launched in 2005 as an exclusive guide to New York City boutiques. "We had a smaller mission to build an independent platform. Then we realized that people have interests broader than just style, so we expanded into health, living, the home, and increasingly, culture and news," said co-founder and co-CEO Philippe von Borries.
Skyworks Solutions will acquire PMC-Sierra for $2 billion in cash, adding chips for data storage and networking to its product portfolio; the transaction is scheduled to close in the first half of 2016. "With our acquisition of PMC, Skyworks will be uniquely positioned to capitalize on the explosive demand for high-performance solutions that seamlessly connect, transport and store Big Data," said David Aldrich, Skyworks chairman and CEO.
Theraclone Sciences, in partnership with the University of Texas MD Anderson Cancer Center, has launched a firm that will specialize in the discovery of new cancer immunotherapies. OncoResponse, which will be based in Houston, will use Theraclone's technology and MD Anderson's resources. The establishment of OncoResponse comes after Theraclone and MD Anderson secured $9.5 million in Series A financing.
Microsoft put hardware front-and-center Tuesday in introducing a pair of premium Lumia smartphones, an updated Surface tablet and its first-ever laptop model. The push into making devices comes as Microsoft rolls out its Windows 10 software for phones on the new Lumia 950 and 950 XL handsets, which will be exclusively distributed by AT&T in the US.
Imaging traversing an 853-foot glass walkway suspended 3,540 feet above ground and having one of the glass panels crack. That's what happened at the newly opened attraction attached to China's Yuntai Mountain when a visitor dropped a coffee mug. Tourists scrambled to get off, and the walkway is now closed for repairs.
The most promising portion of the Monterey Shale in California holds about 21 million barrels of oil accessible through hydraulic fracturing, according to a US Geological Survey report. The report's findings are a downgrade from a 2011 study that estimated the Monterey Shale contained 13.7 billion barrels of recoverable oil. However, the recent report was only based on the San Joaquin Basin, which is one of four basins of the Monterey Shale. Future reports will focus on the remaining three basins.
American Airlines took out a color border ad on the front page of the Los Angeles Times on Monday. "The team was really looking for something bold to share with Los Angeles," spokeswoman Laura Nedbal said. American also plans to advertise in Chicago and New York.
InterContinental Hotels Group revealed its new Holiday Inn guest room design, H4, at the recent 2015 IHG Americas Owners Conference. The redesign focuses on making the experience more homelike, as well as utilizing convertible furniture. "We created a great Holiday Inn guestroom: a room with flexibility to meet the different needs of different owners, and flexibility to meet the needs of both business and leisure travelers," said Eric Lent, the Holiday Inn brand's vice president for the Americas.