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April 5, 2017

Good morning. The Securities and Exchange Commission find it difficult to comply with President Trump’s rollback of the 2010 Dodd financial-overhaul act, Shumsky reports. The SEC can amend Dodd- rules or make exceptions, but does not have the authority to revoke these financial regulations. michael kors ireland That power lies with Congress. Any decisions the SEC does make is open to judicial review which can be a lengthy, expensive process-and one that could limit the regulator from doing anything on its own. Companies, investors or others that can demonstrate a change to the law hurt them can file a suit, Ms. Shumsky reports.

 

Investors get some clarity today, when the company reports earnings. Panera Bread Co., Omnicom Group Inc., Michael Kors Holdings Ltd., Mondelez Inc., General Motors Co. and Twilio Inc., among others, also report earnings today. U.S. Commerce Department releases international-trade report. December’s data shows the trade deficit before President Trump took office. Mr. Trump intends to narrow the trade deficit with his proposed import tax. EU to discuss securitization market. Members of the European Parliament and national representatives commence debating plans for a more unified EU securitization market, a project that is threatened by Britain’s planned exit from the Union, the Financial Times reports. CORPORATE NEWS ComScore faces possible delisting from Nasdaq.The frustration over Dodd- rules is usually focused on restrictions to the banking sector, but there are some aspects of the law that nonfinancial companies are eager to scrap. These include disclosure rules regarding executive pay and conflict minerals, according to experts. Since the SEC is independent regulatory commission, it technically isn’t obligated to follow the president’s orders. But it has a record of complying with executive actions, including during the , W. Bush and Obama administrations. Former SEC staffers said that incoming agency head would be expected to comply with the philosophy of the administration that appoints him or her.michael kors ireland THE DAY AHEAD Disney the dark. Walt Disney Co. had warned investors that earnings could take a hit because ESPN has lost subscribers. But what’s more worrying is that there is still no successor sight after Iger, the company’s chief executive, retires 16 months later. According to people close to the company, Mr. Iger could extend his tenure for a third time. For a company entrusted with providing accurate data on internet audiences, comScore Inc. is having a remarkably difficult time accurately measuring itself. The firm said Monday it faced possible delisting from Nasdaq because it couldn’t file its overdue financial disclosures time. EBay said it improperly accounted for tax. EBay Inc. said on Monday it had found that it improperly accounted for tax on certain transactions completed December, which constituted a material weakness its internal control over financial reporting, Reuters reports. Cost of insuring ‘ bonds rises. The price to insure $10 million Holdings Corp. bonds has risen to nearly $4 million annually last week from $3 million September.

 

The company’s shares dipped last month. Facebook Inc., Alphabet Inc.’s Google to fight fake news. The two companies are rolling out programs and tools to slow the spread of online fake news by flagging such content for its readers. This was after they faced flak for doing little to curb misinformation during the U.S. presidential race. draws bids for chip business. Bidders participating Corp. ‘s sale of a minority stake its computer-chip business include SK Hynix Inc., Foxconn Technology Group and Western Corp., people familiar with the matter said Tuesday.THE DAY AHEAD Disney the dark. Walt Disney Co. had warned investors that earnings could take a hit because ESPN has lost subscribers. But what’s more worrying is that there is still no successor sight after Iger, the company’s chief executive, retires 16 months later. According to people close to the company, Mr. Iger could extend his tenure for a third time. For a company entrusted with providing accurate data on internet audiences, comScore Inc. is having a remarkably difficult time accurately measuring itself. The firm said Monday it faced possible delisting from Nasdaq because it couldn’t file its overdue financial disclosures time. EBay said it improperly accounted for tax. EBay Inc. said on Monday it had found that it improperly accounted for tax on certain transactions completed December, which constituted a material weakness its internal control over financial reporting, Reuters reports. Cost of insuring ‘ bonds rises. The price to insure $10 million Holdings Corp. bonds has risen to nearly $4 million annually last week from $3 million September. Industries Corp. to acquire Bastian Solutions LLC. It pay $260 million for the Indianapolis-based robotics developer. The Japanese manufacturer intends to expand its foray into the U.S. logistics market. First Pacific Advisors to support fight for Arconic board seats.michael kors ireland

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