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7 Articles
Source: ABC News

Grand jury returns new charges against former Trump campaign chairman

Today 05:12 GMT

Special Counsel Robert Mueller filed a five-count superseding indictment Friday that accuses former Trump campaign chairman Paul Manafort of paying a group of “senior European politicians” to lobby members of Congress on behalf of the then-Russia backed government of Ukraine. The plan, the indictment said, was for the group to appear to be presenting U.S. officials and others with independent assessments of controversial actions taken by the Ukrainians “when in fact they were paid lobbyists.”

1 Article
Source: The Guradian

Trump returns to usual style at CPAC with boastful and divisive speech

Today 05:12 GMT

Donald Trump returned to his part-demagogue, part-standup comedian self on Friday when he addressed grassroots conservative activists outside Washington, effectively tearing up a scripted speech he called “a little boring”.

The Republican strategist Steve Schmidt tweeted: “This speech at CPAC is demagogic, vapid, intellectually dishonest and just plain old fashioned idiotic.

1 Article
Source: CBS News

Parkland school shooting: Teachers return to high school

Today 05:12 GMT

Teachers and faculty returned to Marjory Stoneman Douglas High School on Friday, the first time they were back at the school since the Feb. 14 shooting that killed 17 and wounded 15 others.

Runcie said students and teachers who do not want to ever return to the high school will be transferred to other schools in the county. Runcie said he did not know why the officer failed to act, but there was nothing prohibiting him from entering the building where the shooting began.

3 Articles
Source: Common Domain

Stocks Are Probably Overpriced, but Don’t Be Too Sure

Today 05:12 GMT

Now that interest rates have begun to go up, “one cannot discount the possibility that the stock market might be overpriced,” Prof. Marsh says dryly.

The shock and fear set off by the financial crisis, when stocks worldwide lost 58% after inflation from October 2007 through March 2009, left many investors traumatized. In their latest survey of global investment returns, released this week, financial researchers Elroy Dimson of Cambridge Judge Business School, and Paul Marsh and Mike Staunton of London Business School explore why.

1 Article
Source: Common Domain

Hewlett Packard Enterprise Raises Shareholder Return Target to $7 Billion Under New CEO

Today 05:12 GMT

Rising sales of storage and networking devices powered Hewlett Packard Enterprise Co.’s HPE 9.63% core business during the holiday quarter, helping the company raise its annual profit targets while boosting planned returns to shareholders.

Hewlett Packard Enterprise plans to lift its dividend 50% in its third quarter and buy back over $5.5 billion of its stock through the end of its fiscal 2019, targeting a return of about $7 billion to shareholders.

1 Article
Source: DW

Bundesliga: Bruno Labbadia returns to familiar territory as Wolves hold Mainz

Today 05:12 GMT

Almost three years later, Wolfsburg are asking him to instigate a similar revival, and against Mainz, Labbadia was there to prove this old dog still remembers his old tricks.

Against fellow strugglers Mainz on Friday his new players were once again unable to break down their opponents as they surrendered a 1-0 lead.

1 Article
Source: Common Domain

Here’s how much a fund manager would have to gain to be truly superior

Today 05:12 GMT

According to Merton, to be able to verify with 95% confidence that a manager provides superior advice, the manager would have to average a return of more than 30% for 20 years.

Suppose, as the naïve assumption, that a manager who really doesn’t have any skill picks his annual rate of return every year from pieces of paper in a bowl, like those used in raffles. Professor Merton reached his conclusion using statistical methods, but I’ll explain the methodology in a simple way.

1 Article
Source: Common Domain

Dina Powell, Former Trump Adviser, Weighs Return to Goldman Sachs

Today 04:17 GMT

Dina Powell, who until recently served as a top national-security adviser in the White House, is talking to Goldman Sachs GS -0.75% Group Inc. about returning to the firm, according to people familiar with the matter.

Ms. Powell spent a decade at Goldman before joining the Trump administration last year, and in recent weeks has discussed coming back, the people said. She is unlikely to resume her old job running Goldman’s philanthropic arm and its community-development investing business, but rather is discussing a broader global role at the firm, the people said.

1 Article
Source: New York Times

College Endowments Opt for Alternative, and Less Lucrative, Route

Friday 20:04 GMT

It’s official: Returns for college and university endowments for the 2017 fiscal year are in, and while they averaged a respectable 12.2 percent for the year, over the last decade they have underperformed funds offering a simple 60-40 or 70-30 stock-fixed income allocation.

Last year, alternative investments accounted for an average of 52 percent of endowment assets — over 60 percent in the largest endowments — the same percentage as two years ago, according to the annual Nacubo-Commonfund study of endowments.

1 Article
Source: Common Domain

Pass-Through Businesses Are Rethinking Their Status in Wake of Tax Law

Friday 20:04 GMT

As business owners pore through the new tax law, many are asking themselves a fundamental question: Will changing how their company is structured cut their tax bills?

The rethinking of corporate structures is one byproduct of the new tax bill, which cuts the corporate tax rate to 21%, down from a top rate of 35%, though owners pay a second tax on profits distributed as dividends. “We are telling people that it makes sense to reconsider doors that have historically been closed,” said David H. Kirk, a partner with Ernst & Young LLP.

1 Article
Source: Common Domain

How Gargantuan Can Private Equity Get?

Friday 13:38 GMT

The previous fundraising boom led to some of the most troubled deals ever done by private equity: think of Chrysler, or TXU, or Caesars Entertainment .

Across the entire private equity, hedge fund and alternatives industry globally assets under management are forecast to more than double to $21 trillion by 2025, according to consultants PwC. That would include $10.2 trillion in private equity—or enough money to buy half of the $22 trillion of stocks listed on the New York Stock Exchange today or every stock in mainland China.

1 Article
Source: Fox News

Loophole lets teen rapists return to same school as victims, Michigan lawmakers told

Thursday 04:17 GMT

Two teenage rape survivors are urging state lawmakers in Michigan to close down a loophole that allows rapists to return to the same school as victims after finishing their sentences.

Upon his release, the boy was set to return to the very same school Duva and Zaplitny attend due to a gap in state law that prohibit schools to expel a student if the sexual misconduct happened off school property.

1 Article
Source: NBC News

Netanyahu confidant reportedly to testify in corruption case

Thursday 04:17 GMT

Israeli media reported Wednesday that one of Prime Minister Benjamin Netanyahu's closest confidants has turned state witness and will incriminate him in corruption allegations, the latest in a dizzying series of developments that threaten to topple the beleaguered Israeli leader.

The reports came shortly after another bombshell allegation that a different longtime confidant attempted to bribe a judge in exchange for dropping a corruption case against Netanyahu's wife.

1 Article
Source: NBC News

Nasal spray vaccine may return to U.S. market

Thursday 20:02 GMT

The nasal spray vaccine has been off the U.S. market for two years because it barely worked against one common strain of flu in kids.

“This is not an easy decision,” said Dr. Nancy Bennett, chair of the Advisory Committee on Immunization Practices (ACIP), whose decision guide which vaccines are available on the U.S. market. The company that makes it, MedImmune, says it has reformulated the vaccine and thinks it will work better next year.

1 Article
Source: NBC News

Did Manafort promise banker White House job in return for home loans?

Thursday 17:19 GMT

Federal investigators are probing whether former Trump campaign chair Paul Manafort promised a Chicago banker a job in the Trump White House in return for $16 million in home loans, two people with direct knowledge of the matter told NBC News.

In court filings Friday related to Manafort's bail, federal prosecutors said they have "substantial evidence" that loans made from the bank to Manafort were secured through false representations made by Manafort, including misstatements of income.


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