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Saturday, Jan 31st

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Meredith to Buy Time Inc. With Koch Brothers Backing

Meredith Corp. to buy Time Inc.Meredith Corp. agreed to acquire Time Inc. for $2.8 billion including debt, swallowing the once-mighty home of Fortune and Sports Illustrated after the internet age wreaked havoc on even the most prestigious magazine titles.

The $18.50-a-share offer is an all-cash one, Meredith said in a statement Sunday. The deal gives Meredith, publisher of Better Homes & Gardens, a larger audience at a time when publishers need to get bigger to compete with Facebook and Google in advertising.

The acquisition also gives the billionaire Koch brothers, who agreed to support Meredith’s offer with an equity injection of $650 million, a foothold in the struggling magazine industry.

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UK Police stand down after report of guns fired at London station

London's Oxford Circus - shots fired

Police say officers have been stood down after responding to reports of shots being fired on Oxford Street in central London.

 


Flynn's lawyers split from Trump, signaling possible cooperation with Mueller

Flynn's lawyer split from trumpLawyers for Michael Flynn, President Donald Trump’s former national security adviser, have told Trump’s legal team they can no longer discuss the probe by a special counsel, indicating Flynn may be cooperating with the investigation, the New York Times reported on Thursday.

Flynn’s lawyer and a spokesman for Special Counsel Robert Mueller did not immediately respond to a Reuters request for comment on the Thanksgiving holiday. A representative for Trump’s legal team could not immediately be reached for comment.

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Federal court overturns Texas ban on abortion procedure

Pro choice advocates win one in TexasA federal judge on Wednesday overturned Texas’ ban of a common second trimester abortion procedure, setting back the state's latest effort to limit abortion.

U.S. District Court Judge Lee Yeakel said that the ban on “dilation and evacuation” abortions, approved by the Texas Legislature in May, would force women seeking second trimester abortions to resort to riskier, invasive alternatives.

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U.S. Senate candidate Moore's spokesman resigns as allegations roil campaign

Roy Moore: Communications director leaves campaignThe communications director for U.S. Senate candidate Roy Moore has resigned amid the Alabama Republican’s efforts to combat allegations of sexual misconduct that have roiled his campaign.

News of the departure of John Rogers came a day after U.S. President Donald Trump defended Moore from accusations by multiple women that Moore pursued them as teenagers when he was in his 30s, including one who has said he initiated a sexual encounter with her when she was 14.

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Second Federal Judge Blocks Trump's Ban On Trans Service Members

Judge blocks ban on military transgender troops

A federal judge in Maryland has temporarily blocked all of President Trump's would-be ban on transgender Americans serving in the U.S. armed forces or receiving transition-related health care through the military.

The decision comes just weeks after another federal judge, based in Washington, D.C., blocked most of the policy change.

Last year, after extended study of the issue, the military announced that trans service members could sign up for the military, serve openly and receive medical care related to their transition. This summer, Trump announced on Twitter that the policy would be reversed, which was followed by an official memo.

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3 missing after U.S. Navy plane crashes into Pacific

3 missing after navy plane crash

Eight people were rescued and three remained missing after a U.S. Navy plane crashed into the western Pacific Ocean on Wednesday, the Navy said.

The C-2 "Greyhound" transport aircraft came down about 500 nautical miles (925 kilometers) southeast of Okinawa as it was bringing passengers and cargo from Japan to the USS Ronald Reagan aircraft carrier, the Navy said in a statement.

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Trump privately doubted Moore's female accusers

Trump does not believe Moore's accusers

President Donald Trump’s near-endorsement of Alabama Republican Roy Moore followed days of behind-the-scenes talks in which he vented about Moore’s accusers and expressed skepticism about their accounts.

During animated conversations with senior Republicans and White House aides, the president said he doubted the stories presented by Moore’s accusers and questioned why they were emerging now, just weeks before the election, according to two White House advisers and two other people familiar with the talks.

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FCC plans total repeal of net neutrality rules

FCC to repeal all of net neutralityFederal Communications Commission Chairman Ajit Pai will reveal plans to his fellow commissioners on Tuesday to fully dismantle the agency's Obama-era net neutrality regulations, people familiar with the plans said, in a major victory for the telecom industry in the long-running policy debate.

The commission will vote on the proposal in December, some seven months after it laid the groundwork for scuttling the rules that require internet service providers like Comcast or AT&T to treat web traffic equally.

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