Recount results: Sheriff Jason Ard has held on to his narrow election win after challenger Brett McMasters called for a recount. Thursday’s recount took place five days after the incumbent sheriff seemingly eked out a 115-vote victory over McMasters. The only change in the tally was an additional three votes in favor of Ard, slightly extending his margin of victory. Read the full story from WBRZ-TV.
Layoffs abound: Pressured by the impact of higher interest rates on the mortgage business, Wall Street deal-making and funding costs, the five largest U.S. banks, excluding JPMorgan Chase, have cut a combined 20,000 positions so far this year, according to company filings. They are expected to lay off even more workers in the coming months. Read the full story from CNBC.
Proposal revived: The Federal Communications Commission today revived a proposal, known as net neutrality, to apply utility-like regulations to America’s internet service providers, a policy change expected to raise costs for Comcast, Charter Communications, AT&T and other blue-chip companies. The proposal, adopted by the agency’s Democratic majority today in a 3-2 party-line vote, opened another chapter of a long-running dispute about how Washington should oversee internet service. The Wall Street Journal has the full story.
