USA Headline news in Louisville (KY)
Cavs’ Rose to miss up to three weeks with ankle sprain
(Reuters) – Cleveland Cavaliers guard Derrick Rose could be out for three more weeks as he treats a sprained left ankle, the team said on Friday. FILE PHOTO: Nov 7, 2017; Cleveland, OH, USA; Cleveland Cavaliers guard Derrick Rose (1) shoots the ball past Milwaukee Bucks forward John Henson (31) in the second quarter at Quicken Loans Arena. Mandatory Credit: David Richard-USA TODAY Sports Rose has missed the last five games with the injury which he sustained on Oct. 20. He returned briefly before he was sidelined again. The former
Read MoreU.S. Treasury pushes back on bank-like rules for asset managers, insurers
WASHINGTON (Reuters) – The U.S. Treasury on Thursday rejected the idea of singling out specific asset management and insurance firms as systemically risky, indicating that they are unlikely to be designated as “too big to fail” and slapped with additional oversight under the administration of President Donald Trump. The report will be cheered by the likes of BlackRock BLK.N, Vanguard, Fidelity FGL. and Pimco, which have pushed back on attempts by regulators to impose bank-like “systemically risky” labels on asset managers simply because they hold trillions of dollars in assets
Read MoreU.S. House committee calls new hearing on Kaspersky software
WASHINGTON (Reuters) – A U.S. House of Representatives committee said on Friday that it has scheduled a new hearing on Kaspersky Lab software as lawmakers review accusations that the Kremlin could use its products to conduct espionage. Kaspersky Lab has strongly denied those allegations, which last month prompted the Trump administration to order civilian government agencies to purge the software from its networks, and agreed to send Chief Executive Eugene Kaspersky to Washington to testify before Congress. The House Committee on Science, Space and Technology announced the Oct. 25 hearing
Read MoreConservative firebrand defeats Trump pick in Alabama primary for Senate
(Reuters) – Alabama voters elected conservative firebrand Roy Moore as the Republican nominee for a U.S. Senate seat on Tuesday, dealing a blow to President Donald Trump and other party leaders who had argued that rival Luther Strange was a better bet to advance their priorities in Washington. An outspoken evangelical Christian who has twice lost his position as the state’s top judge, Moore won election with a fierce anti-Washington message and a call to put religion at the center of public life. “We have to return the knowledge of
Read MoreU.S. household net worth rises again in second quarter 2017
WASHINGTON (Reuters) – The wealth of U.S. households rose to $96.2 trillion in the second quarter of this year as U.S. stock prices hit record highs and home values continued to climb, a report by the Federal Reserve showed on Thursday. That compares to a slightly downwardly revised $94.5 trillion tally for household net worth in the previous quarter. Household borrowing rose at a 3.7 percent annual rate in the April-June period, the report also showed, up from a 3.4 percent growth rate in the first quarter. Consumer credit increased
Read MoreStafford throws for 2 TDs as Lions beat Beckham, Giants
Matthew Stafford threw for two touchdowns, rookie Jamal Agnew broke the game open with an 88-yard punt return in the fourth quarter and the Detroit Lions beat the New York Giants 24-10 on Monday night. The Lions (2-0) sacked Eli Manning five times and Stafford put together another big game while sending the Giants (0-2) to a second straight disappointing performance in a season where so much was expected. Star receiver Odell Beckham Jr. returned from a sprained left ankle, but New York still struggled offensively. Stafford found Marvin Jones
Read MoreMexico’s ICA says filed pre-packaged bankruptcy plan
MEXICO CITY (Reuters) – Mexican construction company ICA (ICA.MX) said late on Friday it and its subsidiaries had filed a pre-packaged bankruptcy plan that had been subscribed to by the majority of its creditors. ICA, which has been struggling under a high dollar-denominated debt load, said the plan had been filed in accordance with the statutes of Mexican bankruptcy law. “The restructuring process seeks to preserve the operations and business in progress of the entities that make up the ICA Group,” the company said in a statement to the Mexican Read More
The Note: Trump’s call for healing goes out the window with wild speech
WHAT YOU NEED TO KNOW TODAY So much healing: President Trump declared war on the media and relitigated his response to Charlottesville, Virginia, in a raucous campaign event that included shots at GOP senators and a threat to shut down the government to secure border wall funding. Trump bets on Reno, Nevada, today. The president heads to Nevada – another state with an endangered Republican senator – to address the American Legion’s annual convention and sign a bill aimed at helping veterans on disability. Vice President Mike Pence follows up
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