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How a border tax could divide Boeing and its suppliers
A US tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts. US-based suppliers to Boeing would face a tax on their imports of these parts. Proponents say tax reform also would strengthen the dollar, offsetting the impact of the import tax for suppliers, and would encourage companies to invest in the United States.
All drill, no frack: U.S. shale leaves thousands of wells unfinished
Rising US shale output has rattled OPEC's most influential exporter Saudi Arabia and pushed oil prices to a near four-month low on Wednesday. When prices picked up, operators were expected to pump the oil from those incomplete wells before spending money on drilling new ones. A record 1,764 wells were left unfinished in the Permian in February, according to US government data going back to December 2013.
YouTube's bid to grab TV dollars imperiled by advertiser revolt
Some analysts also believe that departing advertisers, eager to reach YouTube's millennial audience, will quickly return. The timing may also favor television networks as they usually present their fall line-ups and woo big advertisers starting in May, agency executives said. YouTube, part of Alphabet Inc (GOOGL.O), has spent years courting big brands that spend hundreds of millions annually on air time. Analyst Mark Mahaney of RBC Capital Markets estimates YouTube will bring in about $14 billion in revenue this year.
Billionaire Investor Raises Stake in Tronc, and Feud With Its Chairman
For Dr Soon-Shiong, who grew up in apartheid South Africa, the move was also intended to help preserve a free press. Gannett abandoned its effort to buy Tronc for $18.75 a share in November. Should Tronc sell itself within a year for more than $15 a share, the company would owe Oaktree the difference. As part of the regulatory filing, Tronc also said it was increasing the cap on the stake that Mr Ferro can acquire, from 25 percent to 30 percent.
Credibility of Key Witness Questioned in Gambler's Insider Trading Case
A lawyer for the Las Vegas sports gambler William T Walters, who is on trial in Manhattan on insider trading charges, attacked the credibility of one of the government's main witnesses on Thursday, saying that the witness had lied repeatedly to investigators. Counselor, I think I have said quite clearly I lied to everybody, Mr Davis replied, adding that at the time he was trying to conceal his own misdeeds.
Dollar hangs on for U.S. healthcare vote, Asia shares muted
The dollar was living on borrowed time on Friday after US lawmakers delayed a vote on a healthcare bill seen as crucial to President Donald Trump's policy credibility. Two-year Treasury yields US2YT=RR have fallen 15 basis points in the past week or so to stand at 1.256 percent. The dollar was a fraction firmer on the yen at 111.11 JPY=, having hit a four-month low of 110.62.
Uncertain Fate Of Obamacare Causes Some Hospitals To Halt Projects, Hiring
The Affordable Care Act, commonly known as Obamacare, provided coverage to 20 million Americans and brought higher revenues to many hospitals. Some healthcare groups in areas with growing populations, such as Atlanta and Houston, are pushing ahead with capital expansion projects. While municipal analysts say it's too early to draw conclusions, the uncertainty surrounding Obamacare is a likely cause for the decline. Almost immediately after Obamacare went into effect, rates of uninsured dropped and Medicaid coverage jumped to over half of all patients.
Samsung Electronics says difficult to adopt holding company structure
Samsung Electronics Co Ltd (005930.KS) said on Friday it will be difficult to adopt a holding company structure at this time, giving investors their first insight into how the South Korean tech giant is approaching a potential restructuring. Investors have long speculated that the global leader in smartphones and memory chips will adopt a holding company structure, as the founding Lee family heirs seek to solidify their control of the flagship unit of Samsung Group.
Oil edges up as Saudis cut supplies to U.S., but global glut remains
Prices for front-month Brent crude futures LCOc1, the international benchmark for oil, were at $50.66 per barrel at 0027 GMT, up 10 cents from their last close. In the United States, West Texas Intermediate (WTI) crude futures CLc1 were up 12 cents at $47.82 a barrel. The United States imported about 1.3 million bpd of Saudi oil in February, according to US Energy Information Administration data.
C.I.A. Developed Tools to Spy on Mac Computers, WikiLeaks Disclosure Shows
The CIA developed tools to spy on Mac computers by injecting software into the chips that control the computers' fundamental operations, according to the latest cache of classified government documents published on Thursday by WikiLeaks. The documents also suggested that the agency was developing a new version of DerStarke last year to work with current software. All of the surveillance tools that have been disclosed were designed to be installed on individual phones or computers.
Trump Hotel in Washington Does Not Violate Lease, U.S. Says
The Trump Organization scored a major victory on Thursday when the agency in charge of overseeing federal government property ruled that its Trump International Hotel in a historic government building on Pennsylvania Avenue did not violate the terms of its lease when Donald J Trump became president. To further address the concerns related to the lease, the Trump Organization agreed this week that during Mr Trump's White House tenure it would not distribute proceeds from the Washington hotel to his trust.
Mylan Recalls 81,000 EpiPens Outside U.S. After Reports Of Failure
Generic drugmaker Mylan NV has recalled about 81,000 EpiPen devices in countries outside the United States, following two reports of the life-saving allergy shot failing to work in emergencies. In both situations, patients were able to obtain treatment through the use of an alternate EpiPen, Mylan said on Wednesday. The recall affects devices distributed in Australia, New Zealand, Europe and Japan only, according to the company. Mylan said it is working with the regulatory authorities, where appropriate, to inform them about the recall.
Twitter explores premium version after 11 years as a free service
Twitter Inc (TWTR.N) is considering whether to build a premium version of its network aimed at professionals, the company said on Thursday, raising the possibility that it could collect subscription fees from some users for the first time. Like most other social media companies, Twitter since its founding 11 years ago has focused on building a huge user base for a free service supported by advertising. There was no indication that Twitter was considering charging fees from all its users.
Amazon.com wins $1.5 billion tax dispute over IRS
Amazon.com Inc on Thursday won a more than $1.5 billion tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago. The world's largest online retailer has said the case involved transactions in 2005 and 2006, and could boost its federal tax bill by $1.5 billion plus interest. Amazon made just $2.37 billion of profit in 2016, four times what it made in the four prior years combined, on revenue of $136 billion.
Trump's Agriculture Pick Sure Doesn't Seem Opposed To Food Stamp Cuts
The long-delayed confirmation hearing of Sonny Perdue, President Donald Trump's nominee to lead the US Department of Agriculture, finally arrived before the Senate on Thursday. That response was a red flag to Mike Lavender, a spokesman for the Union of Concerned Scientists's food and environment program. Agriculture is in my heart, Perdue said in response to a question from Sen. Heidi Heitkamp (D-N.D). It doesn't appear likely that Perdue will face much additional grilling or pushback on his nomination, however.
Senate Republicans Vote To Overturn Internet Privacy Protections
The vote was along party lines, with 50 Republicans approving the measure and 48 Democrats rejecting it. The two remaining Republicans in the Senate were absent and did not cast a vote. The vote was a victory for internet providers such as AT&T Inc, Comcast Corp and Verizon Communications Inc, which had strongly opposed the rules. FCC Chairman Ajit Pai said consumers would have privacy protections even without the Obama administration internet provider rules.
Sexual Harassment Isn't About Sex, It's About Power
It's about power, and women in positions of power are also capable of behaving inappropriately with employees. There's a running thread in all instances of sexual harassment, a running thread of intimidation and the assertion of control. According to civil rights lawyer Gloria Allred, the onus should not be on victims to end the stigma around sexual harassment, especially harassment from women.
Republican Senator Hails Goldman Sachs As A Champion Of 'The Little Guy'
I feel like sometimes I'm living a reality TV version of Atlas Shrugged, Tillis declared at a Senate hearing. Demonizing employers that employ the little guy isn't looking out for the little guy, Tillis concluded. Clayton is a top Wall Street attorney who helped Goldman Sachs with its 2008 government bailout. Indeed, Goldman Sachs has faced a long list of charges that it's run afoul of the law.
J&J, JPMorgan suspend YouTube ads over offensive videos
US healthcare conglomerate Johnson & Johnson (JNJ.N) and JPMorgan Chase & Co (JPM.N) became the latest big US companies to suspend all digital advertising on Google's YouTube, over concerns that its ads may have appeared on channels that broadcast offensive videos. Google has come under intense scrutiny for ads appearing alongside videos on YouTube carrying homophobic or anti-Semitic messages. J&J said on Thursday it wanted to ensure that its product advertising did not appear on channels that promote offensive content.
House Vote to Repeal Affordable Care Act Is Postponed, Despite Trump's Effort
We walked out with more members in support of the American Health Care Act than we started the day with, Mr Spicer told reporters. The legislation would roll back major provisions of the Affordable Care Act, a pillar of President Barack Obama's legacy. The fight over the essential health benefits mandated by the Affordable Care Act has become a serious dividing line. Before the Affordable Care Act took effect, maternity coverage was frequently offered as an optional benefit, or rider, for a hefty additional premium.

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