Time Warner to spinoff Time Inc in major restructure
Time Warner will spin off its Time Inc unit later this year turning Time, People and Sports Illustrated into a separate publicly held company. Laura Lang will step down as Time Inc CEO and the parent company focuses on television networks and film.
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Back to the Futures on The Gazette Fridays
A recurring feature titled Back to the Futures appears every Friday on The Gazette site. It offers a quick discussion of the week's grain, livestock, gasoline prices and other commodity topics.
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Stocks rise for fifth straight day in record territory
The Dow Jones industrial average closed up 33 points at 14,329 near a new record. The S&P 500 gained nearly three points to 1,544 and the Nasdaq added 9 points to 3,202, lifting all three indices by about 0.2 to 0.3 percent.
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Universities launch exclusive license option for sponsored research
Iowa State University and the University of Iowa announce a new research sponsorship plan. Companies pre negotiate worldwide exclusive licenses for inventions from sponsored projects with fixed rates and a small option fee. The program aims to speed market access and boost industry partnerships.
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Slim risks losing wealth crown as Latin markets tighten
Carlos Slim's lead as the world's richest person narrows as Latin American regulators scrutinize America Movil and European bets sour. Bloomberg puts Slim at 71 billion, with Bill Gates about 4.8 billion behind. analysts warn of margin squeezes and evolving power dynamics in Mexico and beyond.
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