Markets Right Now: Another steep drop pulls Dow down 500 – The Associated Press

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The Dow Jones Industrial Average plunged 500 points, its second straight drop of that size and its fourth big decline this month. Longtime market favorites like Microsoft and Amazon took heavy losses Monday. Health care companies also fell sharply.…

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Why California is Right to Require Boards to Include Women

California became the first U.S. state to mandate that boards of publicly listed companies include women. India, Germany, Australia, Norway, Spain, France, Italy, Denmark, Finland, Iceland, the Netherlands, Belgium, and Israel had already instituted similar rules or guidelines, following heated debates on the merits of this type of affirmative action. Here are five reasons California…

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Why Trump is right about wanting to end quarterly earnings reports

President Donald Trump tweeted on Friday that he’s asked the Securities and Exchange Commission to look at moving quarterly reporting for publicly-traded companies to a six-month schedule. Trump later told reporters that the idea was raised by Pepsico’s (PEP) outgoing CEO Indra Nooyi during a dinner held earlier this month with business leaders at his…

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What’s the Right Number of Taxis (or Uber or Lyft Cars) in a City?

When Uber and Lyft first entered the market, offering a ride-hailing service that would come to include tens of thousands of amateur drivers, most major American cities had been tightly controlling the competition. New York City allowed exactly 13,637 licenses for taxicabs. Chicago permitted 6,904, Boston 1,825 and Philadelphia 1,600. These numbers weren’t entirely arbitrary.…

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