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Trump to say in security speech that China is competitor: officials

WASHINGTON (Reuters) – President Donald Trump will lay out a new U.S. national security strategy on Monday based on his “America First” policy and will, among other items, make clear that China is a competitor, two senior U.S. officials said on Saturday. Trump has praised Chinese President Xi Jinping while also demanding that Beijing increase pressure on North Korea over its nuclear program and to change trade practices to make them more favorable to the United States. The national security strategy, to be rolled out in a speech by Trump,Read More


Judge blocks Trump administration rules on contraceptive coverage

(Reuters) – A U.S. judge on Friday blocked President Donald Trump’s administration from moving forward with new rules that undermined an Obamacare requirement for employers to provide health insurance that covers women’s birth control. U.S. District Judge Wendy Beetlestone in Philadelphia issued a preliminary injunction preventing enforcement of rules the administration announced in October that allowed businesses or non-profits to obtain exemptions on moral or religious grounds. Beetlestone wrote that Pennsylvania Attorney General Josh Shapiro, a Democrat who sued to block the rules, was likely to succeed in establishing thatRead More


Palestinian billionaire Masri detained in Saudi Arabia: sources

AMMAN (Reuters) – Sabih al-Masri, Jordan’s most influential businessman and the chairman of its largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday. Masri’s detention, which follows the biggest purge of the Saudi kingdom’s affluent elite in its modern history, has sent shockwaves through business circles in Jordan and the Palestinian territories, where the billionaire has major investments. A Saudi citizen of Palestinian origin, Masri was detained last Tuesday hours before he was planning toRead More


Winds fuel California wildfire, state’s third largest on record

LOS ANGELES (Reuters) – A raging California wildfire on Saturday became the state’s third largest blaze on record, with more devastation possible from a resurgence of the harsh winds that have fueled the deadly fire since the beginning of the month. The so-called Thomas Fire has destroyed more than 1,000 structures, including about 750 homes, in coastal communities in Southern California since erupting on Dec. 4, the California Department of Forestry and Fire Protection said in a statement. Authorities described the current conditions as “critical fire weather,” including returning windsRead More


Procter & Gamble agrees to add activist investor to board – Sharing #ABC #News Feed

Procter & Gamble is adding Nelson Peltz to its board of directors, ending a proxy battle with the activist investor who has been seeking to shake up the consumer products giant. The announcement came after Peltz last month claimed to have won a shareholder vote to add him to the board, beating out incumbent director former Mexican President Ernesto Zedillo by a fraction of a percent. The company claimed, however, that the vote was too close to call. On Friday, Cincinnati-based Procter & Gamble Co. said Zedillo and 10 othersRead More


Republican tax bill retains U.S. electric vehicle tax credit

WASHINGTON (Reuters) – A compromise Republican tax bill released late Friday does not eliminate a $7,500 electric vehicle tax credit as Republicans in the U.S. House of Representatives had previously proposed. The measure follows the lead of the Senate version approved last month that did not eliminate the credit. Killing the credit could have hurt automakers like General Motors Co (GM.N), Volkswagen AG (VOWG_p.DE), Tesla Inc (TSLA.O) and Nissan Motor Co (7201.T). Consumers under current law are eligible for a $7,500 tax credit to defray the cost of plug-in electricRead More


Music producer Russell Simmons denies newspaper reports of sexual misconduct

NEW YORK (Reuters) – Music and film producer Russell Simmons faced new accusations of sexual misconduct from nine woman dating back to 1983, including four who alleged he raped them, and New York police have opened an investigation, police and U.S. newspapers said on Thursday. In an emailed statement on Thursday, the 60-year-old co-founder of Def Jam Records denied the accusations from the nine women reported on Wednesday by the New York Times and Los Angeles Times. “These horrific accusations have shocked me to my core and all of myRead More


Do not expect postcard-sized tax return from Republican plan: experts

WASHINGTON (Reuters) – Since mid-2016, U.S. House Speaker Paul Ryan has carried around a “postcard” that he has said shows how easy it will be for Americans to file their taxes once Republicans are finished their tax overhaul. And as recently as Thursday President Donald Trump touted Americans being able to “file their taxes on a single, little beautiful sheet of paper.” With lawmakers finalizing the biggest tax reform in 30 years and the president ready to sign it into law before the end of the year, the moment shouldRead More


Roche, Shire court fight escalates over haemophilia drug

ZURICH (Reuters) – Roche’s patent dispute with London-listed Shire over the Swiss drugmaker’s new haemophilia drug Hemlibra has escalated, with Shire filing a new motion in a U.S. court that Roche says aims to stop some patients from getting its medicine. Shire’s motion for a preliminary injunction is part of an ongoing case in which it contends Roche infringed on a key patent to develop Hemlibra, approved in November by the U.S. Food and Drug Administration. The patent dispute at the U.S. district court of Delaware underscores Hemlibra’s potential toRead More


Chef Batali fired from ‘The Chew’ after sex harassment accusations

NEW YORK (Reuters) – ABC Television Network said on Friday that it fired celebrity chef Mario Batali from its daytime cooking show, “The Chew,” after he was accused of sexual misconduct. Online food trade publication Eater New York reported on Monday that four women, who were not identified, accused Batali of touching them inappropriately in a pattern of behavior that spanned at least two decades. Three worked for the chef during their careers, according to Eater New York. ”Upon completing its review into the allegations made against Mario Batali, ABCRead More