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On TV, Astonishment and Awe at an Inaugural Like No Other
One of the most radical inaugural speeches we've ever heard, marveled Jake Tapper of CNN. On Friday, Mr Wallace beat his competition again, reporting the thrust of Mr Trump's inaugural address nearly an hour before it was delivered. The site also posted the headline 45 Thumps Establishment Elite in 1st Inaugural Address, a not-so-subtle suggestion that Mr Trump would someday deliver a second one. Ed Schultz, the former MSNBC anchor who handled the main inaugural coverage on Friday, said Mr Trump was unpredictable and inconsistent.
Wall Street Week Ahead: Optimism among S&P 500 CEOs as Trump takes power
He pointed to factors including a surge in consumer confidence after the Nov 8 election and lower taxes promised by Trump. Over a dozen S&P 500 companies reporting results in the last week have signaled optimism about potential tax cuts, infrastructure spending, employee benefit costs and reduced regulation. Since the November election, the S&P 500 has rallied 6 percent to record highs, in part due to expectations Trump will pass policies that stimulate the economy.
Brenda Barnes, Pepsi Chief Who Spurred a Work-Life Debate, Dies at 63
Her choice and the blunt language she used to describe the many burdens executive women had to shoulder elicited sharp reactions. Ms Barnes presided over a broad corporate restructuring, selling off noncore businesses and focusing on the company's food brands. The overhaul did not spur a profit recovery, and Sara Lee'e stock price remained stagnant for much of her time there. Ms Barnes began working at 15, helping out at a neighborhood flower shop for $1.25 per hour.
Apple Adds to Qualcomm's Troubles, Filing Lawsuit Over Rebates
When Apple provided information to South Korean regulators in that case, and sought competing chips from Intel, Qualcomm refused to pay Apple its promised money, Apple said. Qualcomm, which has vowed to fight the South Korean charge and the FTC suit, had no immediate comment on Apple's lawsuit. Qualcomm's engineers work at a 41-building campus between a park and the University of California, San Diego.
U.S. bankruptcy court judge OKs $425 million for Avaya loan
A US bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to continue operations. The bankruptcy underscored the challenges telecoms companies face as they transition to software and services from hardware. Avaya plans to return to US bankruptcy court on Monday for approval on other expenses. Avaya has consistently reported losses, stemming in part from costs related to its debt.
Trump's Grim View of the Economy Ignores Most Americans' Reality
The dismal picture of the American economy President Donald J Trump painted in his Inaugural Address on Friday is at odds with the economic reality of most Americans. In fact, the United States is in the midst of one of the longest sustained economic expansions in the nation's history. The stock market has climbed to record heights; middle-class incomes are increasing after years of stagnation; and corporations are recording enormous profits.
TrailStone buys Cargill's power and gas group: sources
Commodities trader and investor TrailStone Group has purchased Cargill Inc's gas and power trading group, three sources familiar with the deal said this week. Swiss-based commodities trader Gunvor Group Ltd this year opened a natural gas trading desk in Connecticut, headed by a former director of natural gas for Freepoint Commodities. Last September, Hartree Partners lost its head of natural gas trading, and in May, US investment bank Goldman Sachs Group Inc snagged Mercuria Energy Trading's head of natural gas and power trading.
Morgan Stanley CEO James Gorman sees pay increase seven percent to $22.5 million
Morgan Stanley (MS.N) Chief Executive Officer James Gorman's overall pay rose 7 percent in 2016 to $22.5 million, according to a securities filing. While rising 7 percent against the previous year, Gorman's total pay for 2016 was flat compared with his compensation in 2014.
U.S. department stores steady profitability boat even as sales slide
Gross margins at all four chains have remained steady over the past four years, helped by cost cutting initiatives like store closures. Sales are not impressive, but investors are most concerned with profitability and long-term value, Neil Saunders, chief executive officer at research firm Conlumino said. These companies have done a better job keeping the business running on the operational side and delivering on profitability. In recent weeks, most department stores have reported a drop in holiday season sales, which includes stores and online.
Apple files $1 billion suit against chip supplier Qualcomm
Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, following a US government lawsuit which accused the chip maker of using anti-competitive tactics to maintain its monopoly of a key semiconductor in mobile phones. Qualcomm is a major supplier to both Apple and Samsung for modem chips that help phones connect to wireless networks. Together the two accounted for 40 percent of Qualcomm's $23.5 billion in revenue in its most recent fiscal year.
Here's What's Really Going On With Mark Zuckerberg's Hawaiian Land Battle
Local families hold rights to these lands under The Kuleana Act of 1850 and can legally enter Zuckerberg's estate to reach their parcels. Defendants listed on the complaint were given 20 days to respond once they are served with a copy. These so-called kuleana lands are automatically passed down to the heirs of the first owner, often without documentation, according to the Star-Advertiser. As descendants' families grow over time, each person's stake in the inherited land shrinks, often to a just a small percentage.
Uber Hires Google's Former Head of Search, Stoking a Rivalry
Uber and Google have long been bitter rivals in the race to build the autonomous vehicles that appear integral to the future of transportation. Soon, Uber will have a bit of help in that effort from a man who has played a key role in Google's history. At Uber, he will work to build out the software and infrastructure that are the foundation of the company's ride-hailing services.

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