White House wants some noncompetes banned
10/27/2016 Reuters

The Obama administration called upon states to ban noncompete agreements for low-paid workers and others who don't have access to companies' trade secrets. Eliminating the agreements would encourage development of a more competitive labor market and accelerate wage growth, according to the White House.

Extra student debt hinders overall net worth
10/27/2016 MarketWatch

Just an extra $10,000 in student loans can slow a college graduate's achievement of median net worth by 26% compared with graduates without the extra debt, according to a new study. Researchers say reform is needed in how students finance their education to reduce the inequality gap.

Snapchat reportedly plans $4B IPO

Snap, which owns Snapchat, is preparing an initial public offering worth as much as $4 billion, sources say. The offering reportedly could bring a company valuation of $25 billion to $35 billion.

Wegmans picks Raleigh for 1st N.C. store

Wegmans' first North Carolina store will open in 2018 as the anchor of a new shopping center in Raleigh, according to developer Regency Centers. The grocer has plans for two other stores in the Research Triangle area, in Cary and Chapel Hill, which are expected to open in late 2018 or 2019.

Patient data possibly exposed in phishing attack against Baystate Health
10/26/2016 Healthcare IT News

Five employees at Baystate Health in Springfield, Mass., responded to a phishing email campaign on Aug. 22 that provided access to their email accounts, some of which contained patient information, according to officials. The cyberattack could compromise the personal data of 13,000 patients, including their names, diagnoses, treatments, dates of birth and some health insurance identification numbers, but didn't affect the provider's EMR system or patient records.

Watermelon explosion takes planning, BuzzFeed CEO says
10/27/2016 Digiday

BuzzFeed's exploding-watermelon video, which drew more than 3.1 million Facebook Live views, stems from careful planning, says CEO Jonah Peretti. "We had smart people who spent their whole day thinking about how to make something that people will respond to," he says.

Wal-Mart to beef up holiday click-and-collect offerings
10/27/2016 Reuters

Online orders for same-day pickup increase five-fold at Wal-Mart during the holidays, and this year the retailer will make a slew of additional products eligible for the service, the company said Wednesday. Wal-Mart will also focus more on everyday low prices instead of limited-time sales to compete with retailers including Amazon and dollar stores.

NXP Semiconductors agrees to be acquired by Qualcomm

Qualcomm has signed an agreement to buy NXP Semiconductors in a deal valued at a total of $47 billion. The acquisition gives Qualcomm the world's top supplier of chips used in autos, which is a rapidly expanding market.

Solid Bio, Solid GT's DMD therapy gains FDA orphan status
10/26/2016 eMPR.com

The FDA has granted orphan drug status to Solid Biosciences and Solid GT's Duchenne muscular dystrophy treatment SGT-001. Clinical studies for the drug are expected to start next year.

NBCU's Burke skeptical regarding effect of new OTT entrants
10/27/2016 Variety

NBCUniversal CEO Steve Burke says that the industry has a "healthy degree of skepticism" regarding over-the-top services' ability to reel in millions of new subscribers. Burke says he believes OTT services could be "modestly positive for NBCU" in the long run.

Photos: Chinese museum built with concrete, bamboo
10/27/2016 Inhabitat

A museum in China's Qinglong Mountain geopark, made of cast-in-place concrete over a bamboo frame, resembles a dragon and was designed to blend with the mountainous terrain. The 230-foot-long structure is home to fossilized dinosaur eggs.

US oil industry poised to make comeback next year, analyst says
10/27/2016 FuelFix.com

US oil companies plan to increase oilfield investments by 25% to $110 billion in 2017 if oil prices retain gains, according to a survey by investment bank Evercore. "We're coming out of the biggest recession for the oil field in a generation," Evercore analyst James West said.

High-tech scanners will soon improve luggage screening
10/27/2016 Bloomberg

Current luggage screening technology may soon be replaced by scanners and conveyors that work more efficiently and with better precision. "I think if we can continue momentum the way we have for the past six months or the last year, we have a real opportunity to transform the system," said Transportation Security Administration Chief Technology Officer Jill Vaughan.

Boutique hotels focus on wellness, sustainability
10/27/2016 HotelNewsNow.com

Wellness and sustainability are major focuses of boutique hotels, industry insiders say. Wellness options can be found in guest rooms or anywhere on site, including yoga on a hotel's helipad, while sustainability efforts that attract guests include on-site gardens and chickens, plus third-party green partnerships.