U.S. public pension plans take more risks to keep contributions low -study
NEW YORK (Reuters) – U.S. public pension plans are taking more investment risks in an attempt to keep government contribution rates low, but ultimately that strategy could raise costs for taxpayers, a new study presented this week showed.
U.S. government shifts $81 million to Zika vaccine research
CHICAGO/WASHINGTON (Reuters) – The U.S. Department of Health and Human Services has shifted $81 million in funds from other projects to continue work on developing vaccines to fight Zika in the absence of any funding from U.S. lawmakers.
Legg Mason’s Bill Miller leaves firm amid faded glory
NEW YORK/BOSTON (Reuters) – Legg Mason Inc’s Bill Miller, whose mutual fund beat the S&P 500 handily for 15 consecutive years at the turn of the century, is riding off into the sunset after his recent lagging returns left a trail of disappointed investors.
Two killed in Maryland explosion and fire, several missing
WASHINGTON (Reuters) – Two people were killed and several remained missing after an explosion and fire tore through an apartment complex overnight in a Washington suburb, authorities said on Thursday.
Delta cancels 25 flights, some due to bad weather
(Reuters) – Delta Air Lines Inc said it had canceled about 25 flights on Thursday as operations return to normal following a power outage on Monday that hit its computer systems, leading to cancellation of nearly 2,000 flights.
Panera challenges U.S. restaurants to come ‘clean’ on kids menus
LOS ANGELES (Reuters) – Panera Bread Co is launching a “clean” kids menu, the restaurant chain said on Thursday, and it challenged rivals like McDonald’s Corp to stop luring children with junk food and toys that often have more taste and flash than nut…
U.S. DEA denies petition to reclassify marijuana
WASHINGTON (Reuters) – The U.S. Drug Enforcement Administration on Thursday denied requests to loosen the classification of marijuana as a dangerous drug with no medical use.
U.S. judges cannot expunge convictions despite job threats: court
NEW YORK (Reuters) – Federal judges cannot expunge convictions from people’s criminal records even when it prevents those who have been rehabilitated from getting jobs, and Congress should consider granting the judiciary that power, a U.S. appeals cour…
Man who scaled Trump Tower in New York facing criminal charges
NEW YORK (Reuters) – The man who scaled Trump Tower in New York on Wednesday in a failed effort to meet the building’s famous namesake will instead have a different sort of appointment: an arraignment in criminal court.
U.S. House Democrats’ Pelosi: administration may shift funds for Zika
WASHINGTON (Reuters) – U.S. House Democratic Leader Nancy Pelosi said the Obama administration may announce as early as Thursday that it is shifting more money into fighting the Zika virus.
