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In many states, there's no punishment for adultery. But in North Carolina, it can be a serious offense, as one man came to realize last Thursday.A judge ordered Francisco Huizar III to pay .8 million to Keith King, whose wife he had been seeing for 16 months.Why so much? Well, most of the money awarded consisted of punitive damages, solely meant to penalize the defendant. But about .2 million of it was in compensatory, or tangible damages.King's attorney, Joanne Foil, said that after finding out about the ongoing infidelity of his wife, Danielle Swords, his company lost revenue and an employee --- his wife. The pair eventually separated.King filed the suit on grounds of criminal conversation, alienation of affection, intentional infliction of emotional distress, negligent infliction of emotional distress, and assault and battery. 853
Investors were in a rotten mood Tuesday.Seemingly good results from Dow components Caterpillar, Coca-Cola and United Technologies didn't please Wall Street. The Dow closed down 425 points, or 1.7%, after opening with a 130-point gain. At its worst point of the day, the Dow was down more than 600 points.The Dow has fallen for the past five straight days — its longest losing streak in more than a year — and has given up its gains for the year.Why the nearly 650-point swing in the Dow in a matter of hours? Once investors took a closer look at the results, they focused on the negatives.Caterpillar, for example, warned that profit margins would probably not get any higher this year than they are now.And Coke investors were disappointed that lower prices may have helped drive sales -- even though Diet Coke finally returned to growth. Shares of Caterpillar plunged 6% while Coke's stock lost 2%.Verizon was one of the few companies that posted strong results Tuesday that didn't seem to have any caveats -- and it was rewarded for it. Shares of Verizon rose 2%.But other earnings reports were downright gloomy. 3M, another Dow component, lowered its outlook for the year. That sent its stock plunging 7%. Insurance company Travelers, also in the Dow, fell 3% after its earnings missed forecasts.All this negativity dragged down other old-school, classic industrial Dow companies too. Boeing and DowDuPont both fell about 3%.And tech investors were disappointed by increased expenses at Google parent Alphabet.Related: Why everyone is stressing about the 10-year Treasury Even though Alphabet posted solid gains in earnings and revenue that easily topped Wall Street's estimates, the stock fell 5% — and that helped drag down the S&P 500, Nasdaq and tech titans Apple, Amazon, Microsoft and Facebook.It didn't help that the yield on the 10-year US Treasury note rose above 3% for the first time in more than four years Tuesday morning.If this benchmark bond rate keeps climbing, it may make it more expensive to borrow money for mortgages and auto loans and could eat into profits at big US companies — especially since the Federal Reserve is expected to keep raising short-term rates.Still, one expert said investors may be overreacting to the moves in the bond market."I don't know that there is any magic to the 3.0% level other than it is a nice round number," said Jeff Mills, co-chief investment strategist for PNC Financial Services Group. "There is no rule that says rising rates are bad for the stock market."Mills added that since 1928, stocks have actually done a little bit better when rates have gone up. The market has gained about 11% on average during years that rates have gone up and 9% in years of falling rates.But jittery investors don't seem to care about historical market facts right now. They are selling first and asking questions later.The-CNN-Wire 2887
It was a tough few months for the Cincinnati Zoo's beloved behemoth: Henry the Hippo had lost his appetite, only to regain it and lose it again; fought off a serious infection; and his kidneys appeared to be shutting down.The 36-year-old hippo — father to Fiona, whose underweight birth made her famous on social media — died today.Veterinarians and care staff had been trying to bring him back to health, but he continued to slide in recent weeks."We're doing everything we can to keep him comfortable," the zoo said in a recent blog post.According to the zoo, the median life expectancy for a Nile hippo is 35. He came to Cincinnati from Dickerson Park Zoo in Springfield, Missouri.His declining condition came near the tail-end of a pretty joyous year for hippo staff: They nurtured Fiona into childhood after she born six weeks early and half a calf's normal birth weight. The entire hippo bloat -- Henry, Fiona and mother Bibi -- were all reunited just a few months ago. 1013
In post-Brexit Britain, trips to the European Union will get a little more expensive for millions of Brits in search of a continental break.The European Commission confirmed on Friday that UK travelers will be required fill out an online form and cough up �7 (.90) for visa-free travel, which will be valid for three years.Natasha Bertaud, a spokeswoman for the commission's President Jean-Claude Juncker, likened the "simple form" to the Electronic System for Travel Authorization (ESTA) scheme used by the United States -- which requires travelers to pay to apply for permission to enter the country.She also pointed out that the EU's version, called ETIAS, will be "way cheaper."But this all comes with a major caveat. If the UK crashes out of the EU with no agreement in place, Brits will be required to get a visa to travel to the EU, a commission spokeswoman told Reuters on Friday.ETIAS, which is expected to come into force in 2021, will apply to countries outside the EU whose citizens can currently travel in Europe visa free. There are currently 61 such countries, including the United States, Israel and Singapore.It will cover the so-called Schengen group of 26 European countries that share largely open land borders.The electronic visa waiver system was conceived to "identify any security or irregular migratory risks posed by visa-exempt visitors traveling to the Schengen area while at the same time facilitate crossing frontiers for the vast majority of travelers who do not pose such risks,"?according to the commission. 1554
It’s taco time. Mookie Betts with the Los Angeles Dodgers helped his team beat the Tampa Bay Rays, and he also helped fans get a free taco.“TACOS ON ME!!!!” the right fielder tweeted out Wednesday morning. 213
