• SEC rescinds guidance that bolstered proxy advisers

    9 days ago - By Reuters

    The U.S. Securities and Exchange Commission handed public companies a procedural victory on Thursday in their efforts to reduce the influence of proxy advisory firms, rescinding a pair of staff letters that critics said encouraged mutual funds to rely on their recommendations.
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  • How major US stock indexes fared Thursday

    9 days ago - By Chron

    U.S. stocks made solid gains Thursday as Apple and Qualcomm led a rally in technology companies. Drugmakers and health insurers also rose.
    On Thursday:
    The S&P 500 index climbed 15.26 points, or 0.5 percent, to 2,904.18.
    The Dow Jones Industrial Average surged 147.07 points, or 0.6 percent, to 26,145.99.
    The Nasdaq composite advanced 59.48 points, or 0.7 percent, to 8,013.71.
    The Russell 2000 index of smaller-company stocks sank 1.38 points, or 0.1 percent, to 1,714.32.
    For the week:
    The S&P 500 is up 32.50 points, or 1.1 percent.
    The Dow is up 229.45 points, or 0.9 percent.
    The Nasdaq is...
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  • Qualcomm and Tailored Brands rise; Kroger stumbles

    9 days ago - By Chron

    NEW YORK - Stocks that moved substantially or traded heavily Thursday:
    Progenics Pharmaceuticals Inc., down $1.30 to $6
    The company reported disappointing results from a study of an imaging compound used in prostate cancer treatment.
    Qualcomm Inc., up $2.86 to $74.61
    The chipmaker said it will buy back $16 billion in stock.
    Acorda Therapeutics Inc., down 45 cents to $18.05
    The company said regulators will take an additional three months to review an inhaled Parkinson's disease treatment.
    Kroger Co., down $3.15 to $28.58
    The grocery chain's sales fell short of analyst estimates.
    Tailored...
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  • Big companies donate a smaller percentage of their income than regular people

    9 days ago - By Fast Company

    While businesses laud themselves for giving 1% of their pretax profits to charity, most people who give individually give at least double that.
    Many of the U.S.'s most successful companies give less of what they take home annually to charity than their customers typically do.
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  • U.S. labor board to ease companies' liability for contractors' labor practices

    9 days ago - By Reuters

    The U.S. agency that enforces federal labor laws took the first steps on Thursday towards loosening an Obama-era standard that made it easier to hold companies liable for illegal labor practices by their contractors and franchisees.
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  • U.S. labor board moves to ease companies' liability for contractor, franchisee violations

    9 days ago - By Reuters

    The U.S. agency that enforces federal labor law on Thursday took the first steps toward loosening an Obama-era standard that made it easier to hold companies liable for illegal labor practices by their contractors and franchisees.
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