Stocks fall for third day...Nobel prize recognizes climate research...Hicks goes to Fox
NEW YORK (AP) — Stocks are falling sharply for the third day in a row Monday as technology companies again take steep losses. Stocks are coming off two weeks of declines, and a big jump in bond yields startled investors last week. Stocks in Europe are falling after Italy’s new deputy premier said the government won’t deviate from its plan to increase spending. U.S. bond markets are closed for the Columbus Day holiday.
STOCKHOLM (AP) — The Nobel prize in economics has been awarded to one American who has studied the economics of climate change — and to another whose research on technological innovation has raised hopes that human beings are creative enough to do something about it. The Royal Swedish Academy of Sciences awarded the $1 million prize to William Nordhaus of Yale University and Paul Romer of New York University.
NEW YORK (AP) — President Donald Trump’s former communications chief Hope Hicks has been hired as communications director at the newly revamped Fox company. Hicks was head of the communications team at the White House before leaving in March. She worked for Trump at his company before he was elected. Fox is reorganizing following the sale of most of Twenty-First Century Fox’s entertainment assets to the Walt Disney Co.
PARIS (AP) — A new chief executive has been named at Airbus. The European aircraft maker’s board picked insider Guillaume Faury to replace CEO Tom Enders in April. Faury currently serves as president of Airbus’ commercial aircraft division. He was CEO of Airbus Helicopters from 2013 until February 2018.
FULLERTON, Calif. (AP) — California voters will soon decide whether to drive out a gasoline tax increase passed to fund transportation projects across the state. Proposition 6 seeks to repeal last year’s decision by the Democratic-led Legislature to raise fuel taxes and vehicle fees to pay for roughly $5 billion a year in highway and road improvements and transit programs. Early voting began today.