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President Donald Trump says he has asked the SEC to study whether to stop requiring companies to report quarterly earnings.In speaking to business leaders, one told him a twice-a-year reporting system would allow companies the flexibility and cost savings companies need to "Make business (jobs) even better in the U.S." Trump tweeted Friday morning. Trump said he directed the SEC to look into a change in its requirements.Public companies must report their sales, profits and the state of the company's balance sheet every quarter. That has been required since the Securities Exchange Act of 1934, which was put in place to give more confidence and transparency to investors in the wake of the 1929 stock market crash. That act also created the SEC, which sets the regulations which govern those quarterly reports.Businesses have long complained that the reports require company executives to focus too much on the short term. Juicing numbers impresses investors, but it can force companies to miss out on long term trends. One of the reasons Tesla CEO Elon Musk wants to take his company private, he told his employees last week, was the way quarterly reports distort decisions at the company.President Barack Obama has also criticized quarterly reports.Speaking to the New York Review of Books in 2015, Obama said that he had talked to a large number of businesses executives who told him, "Because they've got quarterly reports to shareholders and if they've made a long-term investment that may pay off way down the line, or if they're paying their employees more now because they think it's going to help them retain high-quality employees, a lot of times they feel like they're going to get punished in the stock market. And so they don't do it, because the definition of being a successful business is narrowed to what your quarterly earnings reports are."Shareholders, however, use the quarterly earnings reports as a guide to the quality and health of their investments. Without quarterly financial reports, investors could be blind to important risk factors that could damage their portfolios.The president has run privately-held companies that didn't have to report results at all during most of his time in business,The European Commission, among others, only requires semi-annual financial reports of companies there, although major European companies whose stock is traded in both the United States and Europe will report on a quarterly basis in order to comply with SEC regulations.The-CNN-Wire 2519

RAMONA, Calif. (KGTV) - California Highway Patrol officers believe drugs or alcohol are likely factors in a crash that injured three people Tuesday near State Route 67 west of Ramona. A truck and two cars collided on Dye Road at Lansdown Lane about 4:30 p.m., the CHP reported. The white Mercedes had been traveling west on Dye Road and speeding when it crossed into oncoming traffic, witnesses told the CHP.The Mercedes clipped a blue Subaru and hit a Toyota Tacoma pickup head-on, officers said.The crash blocked the roadway and sent debris across lanes. Video from Sky10 showed the front end of the Mercedes was missing, and the roof of the truck was sheared off.Cal Fire crews, possibly from the Ramona station two-tenths of a mile away, were seen rescuing a person from a 77-year-old man from the seat of the truck. The men in the Mercedes and the truck suffered major injuries, the CHP confirmed. The woman in the Subaru had minor injuries. Helicopters landed in a nearby field to take patients to the hospital. The CHP announced a closure of the area at 5:16 p.m. Neighbors who live in the area say Dye Road is a dangerous road because no one drives the posted 55 mph speed limit. 1196

Remote learning is a new challenge for many students who were previously used to roughly eight hours of face-to-face learning in a classroom each day.Some students are struggling to learn in this new environment, and while some parents can afford a tutor to bridge any learning gap, most families simply cannot. However, there are some new affordable and even free live tutoring options for those families.“We developed out two new products to aid our customers,” said Steven Cox, the CEO and Founder of TakeLessons.com.Take Lessons originally offered 1-on-1 tutoring online, but since the pandemic started it has launched two more affordable, live group tutoring programs. The first option is a month and offers unlimited live-tutoring sessions. The only catch is instead of the lessons being 1-on-1, each lesson is with a group of five to 20 students at a time.“It’s really a tremendous benefit for people who still need to get great education with quality teachers but simply it is out of their range to do private lessons,” said Cox.For some families, though, even a month is more than they can afford, so Take Lessons now has a free option. This option allows students to watch a live lesson, but instead of video chatting with a tutor, they have to message them. The groups of students in these live sessions are also much larger.“It is our way of giving back that I believe right now and where we are as a country is needed more than anything else,” added Cox.Take Lessons is not the only organization offering affordable and free help.“There are a lot of free resources that are available,” said Francesco Lecciso, co-founder of Brainfuse.Brainfuse has partnered with hundreds of public libraries around the country to provide free online live tutoring. Brainfuse provides the platform and the libraries provide the free, live tutors available to students in almost every state.To access the free resource, Brainfuse recommends contacting your local library. It has the portal system and user information to gain free access.Between Brainfuse, Take Lesson, and other services out there, online learning can be a more equitable experience and one that helps all students thrive. “One of the advantages is there are so many options, so you can observe your child and see what works best,” said Lecciso. "Some kids work best just going through self-paced lessons and other kids need human mediation, so seek that out through free resources.” 2462

Remedy: Consumers should immediately visit www.HP.com/go/batteryprogram2018 to see if their battery is included in the recall and for instructions on how to enable “Battery Safety Mode” if their battery is included in the recall. The website provides consumers instructions on how to initiate the validation utility to check their battery and what to download if their battery is included in the recall. These batteries are not customer-replaceable. HP will provide free battery replacement services by an authorized technician. 538

Queen Elizabeth II, Britain's longest reigning monarch, celebrated her 92nd birthday on Saturday.To mark the occasion, the Royal Family Twitter account released archive photos of a young Queen Elizabeth and paid tribute to her lifelong dedication to public service.The Queen and other members of the royal family will attend a star-studded concert at London's Royal Albert Hall on Saturday night, according to the official royal Twitter account.The event, featuring performances from Sting, Shaggy and Kylie Minogue, will be broadcast live on BBC TV and radio.The Queen welcomed Commonwealth leaders to Britain this week for a summit at which it was confirmed that her son, Prince Charles, would be the organization's next leader.On Sunday, she will start the London Marathon remotely from a special podium in the grounds of Windsor Castle. It will be 110 years after the 1908 Olympic Marathon was started at Windsor Castle by the then Princess Mary, grandmother to the Queen.Next month, her grandson, Prince Harry, and Meghan Markle will wed at Windsor Castle.The Queen also has an official birthday in June each year, celebrated with the traditional Trooping the Colour, a spectacular military parade.  1217

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