Ten Republican senators have called on Treasury Secretary Steven Mnuchin, who heads the Financial Stability Oversight Council, to review the designation of nonbanks as systemically important financial institutions. The process "lacks transparency and accountability" and unnecessarily burdens firms deemed "too big to fail," the senators say.
Foursquare generated buzz as a consumer app letting people check into locations throughout the day, but finding a sustainable business model has taken a bit longer. The company is moving closer to profitability, driven by a revenue model that focuses on monetizing its data and reaching out to enterprise customers.
High-school students in some schools are playing March Mammal Madness, a game created by an evolutionary biologist at Arizona State University. Students use science skills and information gleaned from tweets to predict which animals will win fictional battles.
WalletHub has ranked states based on taxpayers' return on investment, noting someone's choice of state for residence is an investment decision. The list balances taxation against quality of government services, examining education, health, safety, the economy, infrastructure and pollution.
Schnuck Markets has chosen Penske Logistics to operate a 915,000-square-foot fresh food warehouse in Missouri and reached an agreement with union workers at another warehouse in the state. The moves are part of the retailer's transition to a new structure in the supply chain.
Researchers noted a 36% drop in hypoglycemic readings and a 39% reduction in the daily number of inpatients with two or more blood glucose values of 12.5 mmol/L or greater in the year following implementation of virtual glucose management services, according to a study in the Annals of Internal Medicine. Researchers conducted a 36-month cross-sectional study involving adult inpatients who underwent point-of-care blood glucose testing and used the virtual service, which includes automated reports along with clinician review and notes that are incorporated into the EMRs.
Traditional publishers such as Conde Nast and Hearst could benefit from the YouTube ad boycott, as they can cite quality content and audiences to advertisers seeking safer ground. Third-party measurement firms also may see more business as brands seek more transparency, and brands may turn more to agencies to ensure that their ads don't appear in the wrong place.
Ford Motor is encouraging its suppliers to "green" their efforts using 350 best practices and tools the automaker also uses. Over the next five years, its supply chain may save 550 million gallons of water and reduce carbon emissions by 500,000 metric tons.
Malware saw a record-breaking increase last year, with smartphone infections jumping almost 400% and internet of things devices becoming a growing concern, Nokia's Threat Intelligence Report said. Smartphones made up 85% of infected mobile devices, with Android phones accounting for 81% of attacks, the report found.
Tesaro's Zejula, or niraparib, has received FDA approval as a maintenance treatment for adults with recurrent epithelial ovarian, fallopian tube or primary peritoneal cancer whose tumors have shrunk completely or in part because of platinum-based chemotherapy. The approval was based on a clinical study in which Zejula showed higher median progression-free survival of patients with BRCA mutation compared with placebo.
Ford will invest $1 billion to upgrade and expand capacity at two assembly plants and $200 million to build a data center in Michigan. President Trump praised the move, which was part of a 2015 negotiation between the company and the auto union.
As expected, President Donald Trump on Tuesday afternoon signed an executive order calling for the rollback of Obama-era regulations, including the Clean Power Plan. The action lifts restrictions on the oil, natural gas and coal industries.
Hawaiian Airlines' 670 pilots have ratified a new five-year labor deal with the airline. The new contract includes pay increases of up to 45%.
The 170-key Waldorf Astoria Beverly Hills is on track for a June opening in California. "Despite the property's newness, old Hollywood glamour will be in excess, with a white art-deco-inspired exterior and public spaces that feature such lavish details as Lalique installations, hand-painted murals, and one-of-a-kind artworks," reviewer Devorah Lev-Tov writes.