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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jul 21, 2016
Page
4
Shareholders of DuPont and Dow Chemical approved the merger at the Midland Michigan headquarters. The agreement begins a plan to split into three companies after uniting the two firms. Two entities will be Delaware based and a third material sciences unit will stay in Midland.
The Department of Justice seeks roughly 1 billion dollars in assets including proceeds from The Wolf of Wall Street, Old Masters art, and U S luxury real estate in an international corruption probe tied to Malaysia's 1MDB. The case accuses officials of diverting 1MDB funds for personal enrichment, with targets including media firms, mansions, and art purchases while naming figures such as Low Taek Jho and potential links to Najib Razak.
As the S&P 500 climbs to a new high of 2173.02, the market’s price to earnings ratio rises to 17.2, well above the 50 year average. Analysts warn valuations are high though a decline requires an external shock or weaker economy. Investors weigh risks as rates may move higher.
Airbnb hires former attorney general Eric Holder to craft a world class anti discrimination policy after a Harvard Business School study found widespread host bias. CEO Brian Chesky says the company will review platform practices and engage experts to curb explicit racism and implicit bias and create a more inclusive community.
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