Wall Street Rises as Technology Shares Gain

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Business Day

Wall Street Rises as Technology Shares Gain

(Reuters) – U.S. stocks were higher on Thursday as technology shares showed signs of recovery following a selloff in the last two weeks that was triggered by worries over increased regulations.
Shares of Facebook, Apple and Alphabet were up between 0.15 percent and 1.3 percent, driving a 0.4 percent gain in the S&P technology index.
The S&P 500 and the Dow Jones Industrial Average were on track to log their worst quarter in more than two years on concerns over a global trade war and interest rate hikes, as well as a rout in technology stocks caused by Facebook Inc's data scandal.
“We've gone through a period of increased volatility and one with competing narratives – the bond market is telling us something about the economy and the stock market is concerned about valuations in technology shares,” said Art Hogan, chief market strategist at B. Riley FBR in Boston.

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To Avoid More Racist Hoodies, Retailers Seek Diversity

Supported by Business Day To Avoid More Racist Hoodies, Retailers Seek Diversity Photo Annie Wu was hired as H&M’s diversity manager after the company was taken to task for a hoodie that raised complaints of racism. Credit Karsten Moran for The New York Times Every once in a while, tucked into the stream of speedily made garments rushed into stores, designs with shockingly bad taste stand out: a shirt comparing women to dogs at Topman, symbols of the Holocaust on a top at Zara, a slogan that trivializes sexual consent on a piece at Forever 21, or words like “slave” and “slut” used as decorative details on T-shirts at ASOS and Missguided.
Brands, even as they offer mea culpas, rarely explain how such blunders come to pass. But problematic designs seem to repeatedly slip past layers of buyers, designers, stylists, marketers and managers before being caught by consumers.
Retail experts blame a heated competitive environment, where companies, many of them based in Europe, are spread t..

China Moves to Sideline Underground Bishop, His Colleagues Say

China Moves to Sideline Underground Bishop, His Colleagues Say Photo A Palm Sunday Mass at an underground church near Shijiazhuang, China, last year. The Roman Catholic Church in China is divided between churches loyal to Rome and those approved by Beijing. Credit Kevin Frayer/Getty Images The authorities are trying to keep out of the public eye during Easter week an underground Chinese bishop at the center of a controversial deal between Beijing and the Vatican, according to people working in his office.
A Rome-based news agency has reported that Guo Xijin was briefly detained on Monday because he refused to celebrate the upcoming Easter Mass with the government-approved bishop, but people working in his parish office said the aim was to keep him out of the spotlight during the days around Easter, which is celebrated this coming Sunday.
Bishop Guo, 59, of the Mindong diocese in central-eastern China, was taken to the city of Xiamen. He was allowed to return home on Wednesday for famil..

New Creative Time Leader From Dallas Contemporary

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Art & Design

New Creative Time Leader From Dallas Contemporary

Creative Time, the New York-based nonprofit arts organization that is known for large-scale public art projects, has chosen Justine Ludwig, who has served as deputy director and chief curator at Dallas Contemporary, as its next executive director.
The appointment ends a nine-month search for a new leader at Creative Time. Ms. Ludwig is to take up the post on June 15.
Her predecessor, Katie Hollander, a Creative Time veteran, was chosen in 2016 to fill the shoes of the organization’s longtime, Anne Pasternak, who departed for the Brooklyn Museum. Ms. Hollander left Creative Time in June after a year and a half as executive director.
“We are thrilled to be working with Justine,” Jon Neidich, Creative Time board member and head of the search committee, said in a statement. Her “commitment to social justice and devotion to the realization of artists’ dreams make her the perfect person to further Creative T..

Melrose takeover offer approved in GKN shareholder vote

Today's shareholder vote brings the months-long saga to an end
GKN investors have voted to approve a takeover bid by turnaround specialist Melrose.
Shares in GKN surged by more than 5.5 per cent after the results of the vote were announced, with Melrose's offer gaining approval with 52.4 per cent in favour of the bid. Melrose's stock went up more than 1.3 per cent. Melrose chairman Christopher Miller said: “We are delighted and grateful to have received support from GKN shareholders for our plan to create a UK industrial powerhouse with a market capitalisation of over £10bn and a tremendous future. We are looking forward to working with GKN's talented workforce and to delivering for customers and all stakeholders. Melrose has made commitments as to investment in research and development, skills and people and we are very excited about putting these into action.”
The investment group made those commitments in response to demands by business secretary Greg Clark ea..

Amazon becomes new broadcast sponsor for The Great British Bake Off in £5m deal

'We’re looking forward to working with Amazon as we build towards the launch of one of the biggest TV events of the year'
Amazon has been announced as the new broadcast sponsor for the second series of Channel 4’s The Great British Bake Off in a deal reported to be worth around £5m.
The sponsorship also extends across The Great British Bake Off: An Extra Slice, any festive episodes and Bake Off: The Professionals.
Last year’s sponsors were Lyle’s Golden Syrup and Dr. Oetker, marking the first time the popular baking programme had received sponsorship following its move from the commercial free BBC to Channel 4.
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