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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 27, 2018
Page
12
U S stocks rise to near four week high as Treasury gains ease fears of rapid rate hikes. The S P 500 and Dow climb with tech and financial shares while Powell's upcoming remarks loom. yields fall to two week low and the dollar holds steady.
The court faces a clash between tech giants including Google and Microsoft and government investigators over using a 1986 law to demand emails stored abroad. Justices must decide how U S law applies abroad amid cloud computing and pending reforms. Microsoft argues the law reaches overseas data, while prosecutors say disclosures occur domestically. Microsoft stores email content across 100 data centers in 40+ countries.
A 9th Circuit ruling preserves FTC authority over AT&T and other firms by rejecting a companywide exemption based on partial FCC regulation. Analysts say the decision blocks a loophole that could have limited the commission to police unfair and deceptive practices across the economy.
The Kentucky Medicaid overhaul may require as much as 187 million in the first six months to set up, with over 167 million covered by the federal government. The plan includes new electronic systems to track work hours and premium payments under Gov. Bevin’s initiative to revamp government health coverage for low income residents.
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