The Commodity Futures Trading Commission has proposed a margin rule for uncleared swaps for U.S. banks' overseas divisions. The move is intended to close a loophole in which U.S. banks avoid tough rules by shifting swaps business abroad. "I think the rule today is a proper response to the concern that offshore swaps can result in risk flowing back into this country, whether or not they are guaranteed," CFTC Chairman Timothy Massad said.
The most influential comedian in the world might just be "Jerry Seinfeld," the fictional comedian portrayed by real-life comedian Jerry Seinfeld on his TV show, writes Jesse David Fox. By following "Seinfeld" offstage, the show turned comedy into something more visceral, revealing and personal than it had been before. "The irony to all of this is Seinfeld's actual stand-up comedy is not particularly influential anymore," Fox writes.
The U.S. Supreme Court ruling making gay and lesbian marriages legal in all 50 states has ramifications for colleges and universities in questions of healthcare benefits and other policies, experts say. Many institutions may now do away with benefits for unmarried partners, while religious colleges worry that accreditation and faith-based policies could be threatened after the ruling, they say.
Greeks are being encouraged by European leaders to vote yes in a referendum on the rescue of their nation. However, Prime Minister Alexis Tsipras is urging voters to reject the rescue and seek a better deal. European authorities are also telling voters the referendum is a decision on Greece's eurozone membership. Greece has confirmed it will not make a €1.55 billion loan repayment due Tuesday to the International Monetary Fund.
Kroger continues to report growth in the center store, driven in part by the retailer's investments in its coffee selection, efforts to reorganize center-store sections to make them more intuitive and a growing selection of natural and organic packaged foods. "We are probably one of the few outlets that continues to grow units in the center of the store, and...with as big a piece of business as that is for us or any more traditional or conventional retailer, it's important that those categories grow nicely," Kroger's Chief Financial Officer Mike Schlotman said.
A study to be discussed at the 2015 conference of the Association for Professionals in Infection Control and Epidemiology showed that health care-acquired infection reporting is time-consuming and is hindering providers from effectively protecting patients from HAIs. After analyzing the laboratory test reports at Somerville, N.J.-based Robert Wood Johnson University Hospital, researchers found that more than five hours daily were spent by infection preventionists to prepare their HAI reports. Researchers suggested that hospitals pay more attention to staff members' adherence to infection prevention practices instead of focusing on completing HAI reports.
Red Robin is promoting an immersive digital ad across more than 1,000 websites that features a Red Robin member from the view of a Terminator, part of a promotion for the upcoming "Terminator Genisys" film. Vitro is the ad agency behind the effort, and Google is working with Red Robin on the campaign, the restaurant chain's biggest so far this year.
Gap has unveiled plans to open two new flagship stores in Times Square. The Gap and Old Navy stores will occupy the building currently housing Toys R Us. "This signature spot builds on Gap Inc.'s continued commitment to showcase its brands in ideal locations that best serve customers," Gap spokesman Sean Piazza said.
Immunovaccine will collaborate with Incyte in a Phase Ib trial to evaluate the combination of Immunovaccine's T cell-activating immunotherapy DPX-Survivac and Incyte's epacadostat as a treatment for platinum-sensitive ovarian cancer in patients who have an increased risk of disease recurrence. The firms will likely file an investigational new drug application for the study in the U.S. and Canada later this year.
Apple has reportedly begun producing new iPhones with a pressure-sensitive screen that is said to be supported by iOS 9, states a report that adds that Apple could label the Force Touch handsets as iPhone 6S and 6S Plus. The technology, which senses how hard users press on a display, will be built into current 4.7-inch and 5.5-inch models; they will reportedly look similar to the iPhone 6 and 6 Plus.
The country needs to invest more in its transportation infrastructure, according to Grace Crunican, the general manager of California's Bay Area Rapid Transit Agency. She wants to spend $3 billion to upgrade the transit system's infrastructure in the Bay Area. She noted that the system's infrastructure is aging and needs $9.6 billion in upgrades over the next 10 years.
GE has agreed to fund the 240-megawatt Ararat wind farm in Australia in part with Partners Group Holding, Renewable Energy Systems and OPTrust. "With certainty comes investment," GE President and CEO for Australia, New Zealand and Papua New Guinea Geoff Culbert said. "That's our experience overseas and that's what we'll see here in Australia now that the [Renewable Energy Target] is fully resolved. This decision has immediately unlocked half a billion dollars of direct foreign investment into Australia," he said.
Baros Maldives, Four Seasons Resort Bora Bora in French Polynesia, St. George’s Caye Resort in Belize and Pangkor Laut Resort in Malaysia top this compilation of the 50 best hotels and destinations for newlyweds.