BUSINESS

Financial professionals should be required to handle our retirement money with the utmost care, putting investors’ interests first. But that type of care comes in degrees, and deciding exactly how far advisers should go has been the center of heated debate for nearly 15 years. The issue has re-emerged as the department prepares to release a final rule that would require more financial professionals to act as fiduciaries. Nearly 5.7 million people rolled $620 billion into I.R.A.s in 2020
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2 years ago Read more at The New York Times

Mattel (NASDAQ: MAT) is moving its preschool business to El Segundo, California. Some local employees have been offered roles in other areas of the company.
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2 years ago Read more at WGRZ.com

Firefighters said people were inside the business at the time of the incident, but were able to get out safely. Three nearby homes were damaged in the incident.
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2 years ago Read more at WCHS

Adam Neumann has sent a preliminary offer to buy WeWork out of bankruptcy for $500 million. But it's not clear that he has the financing and requisite support from creditors to consummate a deal. Investor firm Rithm Capital is one of parties interested in financing the bid, sources say.
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2 years ago Read more at CNBC

The State Department has announced the release of the U.S. government’s 2024 National Action Plan on Responsible Business Conduct. The second national action plan has four priority focus areas: establishing a federal advisory committee on responsible business conduct; strengthening respect for human rights in federal procurement policies and processes; strengthening access to remedy; and providing resources to businesses. Under the first priority area, the Department of Defense will perform a review to assess requiring or encouraging membership within the International Code of Conduct Association for Private Security Providers’ Association for vendors
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2 years ago Read more at Executive Gov

Angel City Football Club executives will sit down with Cal Lutheran’s School of Management. The free event for students and the community will be 5:45-7:30 p.m. April 17 at the Gilbert Sports and Fitness Center on the Thousand Oaks campus. Players from ACFC will also participate in a question-and-answer session.
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2 years ago Read more at California Lutheran University

Visa and Mastercard have reached an estimated $30bn antitrust settlement to limit credit and debit card fees for merchants in the United States. If it receives court approval, it would resolve most claims in nationwide litigation that began in 2005. Some opponents believe it may not go far enough.
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2 years ago Read more at Al Jazeera English

DeIorio's is wrapping up Frozen Food Month as a leader in the frozen dough industry. The company strategically decided in 1991 to cease all fresh-baked product lines. This pivotal move, which began in the mid-1980s, proved instrumental in propelling the company to new heights of success.
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2 years ago Read more at WKTV

Juan Merchan granted Manhattan District Attorney Alvin Bragg’s motion to bar Trump from making public statements. Merchan noted that Trump “does not deny” his prior “threatening, inflammatory, [and] denigrating” statements cited by the D.A.’s filing. The order came down on the same day that Trump attacked the judge’s principal clerk.
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2 years ago Read more at Salon

Kyverna Therapeutics, Inc. is a patient-centered, clinical-stage biopharmaceutical company focused on developing cell therapies for patients suffering from autoimmune diseases. KYV-101 is our proprietary CD19 chimeric antigen receptor (CAR) T-cell therapy for autoimmunity, in clinical trials and investigator-initiated trials across the US and Europe. During the year ended December 31, 2023, the Company reported a net loss of $60.4 million, compared to
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2 years ago Read more at PR Newswire