Youngstown Daily Legal News

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The Daily Legal News

Business

Fast food from the US and China catches on in both countries

China and the United States are divided on many issues, from tariffs and technology to Taiwan. But there is one thing tying them together: fast food.
American restaurant and beverage chains are expanding rapidly in China, drawn by the potential customer pool in a country with four times the U.S. population. China's languishing e ... (full story)

Do dividends shrink?

Q. Do companies ever reduce their dividends? -- D.B., Henderson, Nevada
A. They sure do -- but they try very hard not to, because a dividend cut is a sign that they're struggling financially. A cut will disappoint shareholders and may also end a long streak of annual increases. Before reducing, suspending or even eliminating the ... (full story)

5 things you need to know about required minimum distributions this year

Required minimum distributions are unwelcome for many high-income retirees because of the implications for their tax bills. RMDs are taxed as ordinary income and can have knock-on tax effects, leading to more tax on Social Security benefits and higher Medicare costs.
The good news is that the RMD starting age has been sliding up ... (full story)

Local

States settle lawsuit over Paramount-Warner merger, clearing key hurdle for $81 billion deal

CHICAGO (AP) — Twelve states and Hollywood writers challenging Paramount’s buyout of Warner Bros. Discovery agreed to settle their lawsuits on Sept. 21, effectively paving the way for the $81 billion mega merger to cross the finish line, with some new commitments from the company.
The blockbuster deal will still vast ... (full story)

State

China's Alibaba unveils new powerful chip and ambitious AI model plans

HONG KONG (AP) — China’s Alibaba unveiled new artificial intelligence chip technologies and plans for more powerful models on Sept. 22, including what it said was China's most powerful AI chip, days ahead of a meeting between Chinese and U.S. leaders at which competition to lead on AI technology is expected to be a major ... (full story)

Google fined $463 million for breaching EU rule on location data

Google has been fined 403 million euros ($463 million) for breaching the European Union's strict privacy rules because it mishandled users' location data, the bloc's data privacy watchdog said Sept. 21.
Ireland’s Data Protection Commission said its investigation found Google did not lawfully or fairly process location data ... (full story)

News outlets sue Trump over lost White House access, citing 'blatant violation' of First Amendment

NEW YORK (AP) — CNN, MS NOW and Politico on Sept. 21 sued President Donald Trump’s administration days after they were barred from White House grounds, calling the selective ban — based on the content of their coverage — a “blatant violation” of the First Amendment. Trump said on social media that ... (full story)

A California frog is on the brink of extinction. Long Beach’s aquarium has a plan to save it

Inside three water tanks in a tucked-away room at the Aquarium of the Pacific, biologists are tasked with bringing back a population of frogs that once thrived across the state’s mountainous streams but has since reached the brink of extinction.
It’s a program that’s nearly closed out its fifth year with a majo ... (full story)