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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 31, 2015
Page
13
PayPal co founder Max Levchin tweeted Monday about the Religious Freedom Restoration Act. Opponents say it could allow discrimination against gays and lesbians.
Americans saved a larger share of after tax income in February reaching the highest level since December 2012. Economists say harsh weather and falling gas prices may have restrained consumer spending despite savings growth.
The SEC alleges Lynn Tilton and Patriarch Partners hid loan asset underperformance in three Zohar Funds, overvalued assets to collect nearly $200 million in fees. Funds raised over $2.5 billion from investors. Tilton faced fiduciary duty violations and conflicts of interest. Tilton, a former teen tennis standout, built a public finance career before media appearances.
IBM and WSI Weather Company's global division collaborate to integrate real time weather data into business apps. Insurance can alert policyholders of hail risks, retailers adjust stock and staffing, and utilities forecast demand to cut outages. Regions with large temperature drops show notable sales declines.
Weather data drives strategic planning across sectors with IBM and WSI leveraging cloud services to deliver billions of forecasts daily. Real time updates reduce turbulence and outages, easing maintenance costs and boosting efficiency for airlines and other industries.
Stocks opened higher as health care deals and upbeat data buoyed sentiment. Dow rose 264 points to 17,976.31 and the S&P 500 gained 1.2 percent as Yellen signaled gradual rate moves. Pending home sales climbed 3.1 percent in February. Mergers included UnitedHealth buying Catamaran for 12.8 billion, Teva to acquire Auspex for 3.2 billion, and Horizon buying Hyperion for 1.1 billion.
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