Fed's Powell likely to pave way for second interest rate cut at Jackson Hole

The economy is poised to continue to expand: Kansas City Fed President Kansas City Fed President, Esther George, on the state of the U.S. economy. Federal Reserve Chairman Jerome Powell has a chance to make or break the markets this week during the annual Jackson Hole Economic Symposium, as investors, nervous about the possibility of a global recession tipping over […]

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Shaquille O'Neal joins Papa John's board, invests in 9 restaurants

Papa John’s adopts ‘poison pill’ to limit Schnatter’s control Papa John’s board voted to adopt a ‘poison pill’ aimed at preventing founder John Schnatter from getting a controlling stake in the company. FBN’s Cheryl Casone with more. Papa John’s on Friday announced NBA legend Shaquille O’Neal has joined its board of directors and invested in several restaurants, days after the […]

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Fed is likely to stay 'patient' and project fewer rate hikes

FILE- In this Feb. 26, 2019, file photo Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on monetary policy on Capitol Hill in Washington. On Wednesday, March 20, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Kevin Wolf, File) The Federal Reserve is expected to end its […]

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U.S. agency to cancel $929 million in California high-speed rail funds

(This February 19 story has been refiled to correct conversion to kilometers to show 836.8 km, not 826.8 km, in paragraph seven) (Reuters) – The U.S. Transportation Department said on Tuesday it will cancel $929 million in federal funds awarded by the Obama administration for a California high-speed rail project and is “actively exploring every legal option” to seek the […]

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Senators say will support Judiciary panel if it looks into drug patents

NEW YORK (Reuters) – Republican Senators John Cornyn and Chuck Grassley said on Tuesday that they would support the powerful Senate Judiciary committee if the panel were to examine the patent system under which drug companies protect the exclusivity of their medicines. They made the comments at a hearing in the U.S. Senate Finance Committee where seven drug company executives […]

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Paramount Confirms Marc Weinstock As President Of Worldwide Marketing & Distribution; Mary Daily Upped To Co-President

Paramount Pictures made it official today what Deadline reported last week: Marc Weinstock is coming to the Melrose lot as President of Worldwide Marketing & Distribution. Mary Daily, who currently serves as President of International Marketing & Worldwide Home Entertainment, is also being promoted to Co-President of Worldwide Marketing & Distribution. The two will work together and report to Paramount […]

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US House Financial Services panel postpones sanctions hearing

Russia’s billions at risk after US puts sanctions on Venezuela’s state oil company The Heritage Foundation’s Peter Brookes on how Russia will respond to President Trump’s sanctions against Venezuela’s state oil company. WASHINGTON, Feb 12 (Reuters) – The U.S. House Financial Services committee said it has postponed a planned hearing on the use of U.S. sanctions against North Korea, Iran, […]

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IHOP's latest stunt: A pancake-pizza hybrid

IHOP name change sparked burger sales: Dine Brands CEO Dine Brands Global CEO Steve Joyce says that IHOP burger sales have quadrupled since it briefly changed its name. For its latest marketing stunt, IHOP Restaurants is rolling out a unique hybrid of two of America’s favorite comfort foods. Continue Reading Below The restaurant will offer the “Pancizza,” a pizza-shaped pancake, […]

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