News

Life and Society

Reuters | Equities.com |

President Donald Trump is expected to announce his final plans to expedite permitting for major infrastructure like oil pipelines and road expansions in Atlanta on Wednesday, a move that environmentalists say will bypass public input.

The proposal to update how the 50-year old bedrock National Environmental Protection Act (NEPA) is implemented is part of Trump’s broader campaign to cut environmental regulation to boost industry and fast-track projects that often take years to complete - an effort that has been blocked or slowed down by courts.


Equities Staff | Equities.com |

U.S. District Judge Alvin Hellerstein in New York said he rejected an $18.9 million settlement for women who claimed they had been subjected to sexual abuse and workplace harassment by Harvey Weinstein.

Hellerstein said he rejected the preliminary settlement because it’s unfair to women who Weinstein raped or sexually abused to be grouped together will women who had just met him.

Elizabeth Fegan, a lawyer representing nine We...


Reuters | Equities.com |

SHANGHAI, July 13 (Reuters) - Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.4%, cashing out around $9.6 billion at its current share price, the firm’s annual filing released on Friday showed.

The divestment comes as Ma retired as the Chinese e-commerce company’s executive chairman in September and pulled back from formal business roles to focus on philanthropy.

Alibaba did not disclose the average selling price ...


AP News | Equities.com |

Twenty-one people suffered minor injuries in an explosion and fire Sunday on board a ship at Naval Base San Diego, military officials said.

The blaze was reported shortly before 9 a.m. on USS Bonhomme Richard, said Mike Raney, a spokesman for Naval Surface Force, U.S. Pacific Fleet.

Seventeen sailors and four civilians were hospitalized with “non-life threatening injuries,” Raney said in a brief statement. He didn’t provide additional details.

Previously, officia...


AP News | Equities.com |

As the Trump administration pushes full steam ahead to force schools to resume in-person education, public health experts warn that a one-size-fits-all reopening could drive infection and death rates even higher.

They’re urging a more cautious approach, which many local governments and school districts are already pursuing.

But U.S. Education Secretary Betsy DeVos doubled down on President Donald Trump’s insistence that kids can safely return to the classroom.

“T...


AP News | Equities.com |

NBC News leader Cesar Conde, in one of his first public acts in the job, has committed to building a workforce at the news organizations he supervises where at least half of the employees are minorities.

The staff is currently nearly 27% minority, including 8% each of Black, Latino and Asian workers. Conde set no deadline for achieving his “50 Percent Initiative.”

He also wants women to comprise half the employees at NBC News, MSNBC and CNBC, ...


Reuters | Equities.com |

Wells Fargo & Co will donate over $400 million toward helping small businesses recover from the coronavirus pandemic, giving away all proceeds from its participation in the Payroll Protection Program.

At least $28 million is earmarked for non-profit community lenders catering to Black entrepreneurs, the bank said.

“The hardest hit business in this are minority owned,” president of consumer banking Mary Mack said in an interview.

“If we look at the commu...


Reuters | Equities.com |

U.S. President Donald Trump on Wednesday threatened to cut off funding to schools that do not open in the fall and criticized a federal health agency’s guidelines for reopening schools as “very tough & expensive.”

The Republican president, who is seeking re-election in November, accused Democrats of wanting to keep schools shut for political reasons, despite a surge in coronavirus cases across the country.

“The D...


Reuters | Equities.com |

Massachusetts Institute of Technology and Harvard University have asked a federal court to temporarily block a Trump administration rule that would bar foreign students from remaining in the United States if their universities are not holding in-person classes this fall, Harvard’s president said on Wednesday.

Harvard President Lawrence Bacow, in an email addressed to the Harvard community, said: “Within the last hour, we filed pleadings together with MIT in the US Dist...


AP News | Equities.com |

A two-year audit of Facebook’s civil rights record found “serious setbacks” that have marred the social network’s progress on matters such as hate speech, misinformation and bias.

Facebook hired the audit’s leader, former American Civil Liberties Union executive Laura Murphy, in May 2018 to assess its performance on vital social issues. Its 100-page report released Wednesday outlines a “seesaw of progress and setbacks” at the company on everything ...