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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

Quick thinking and response by Independence, Ohio police officer Andrew March, made all the difference in the world for a woman police say was attempting to take her own life, on the I-480 bridge on April 20.Officer March responded at 9:30 AM, after getting information from Cleveland police, that the woman could be on the bridge.Independence police dash camera video shows Officer March quickly jumping out of his cruiser, and then jumping up to grab the woman's leg, pulling her down to safety."I was just thinking get there fast, and if she's climbing up, make sure she gets back down safely on the right side," said March."I just grabbed whatever is available and start pulling and hopefully and would get her to safety."March credited higher safety fencing, installed along the I-480 bridge by the Ohio Department of Transportation two months ago, with giving him more time to get to the scene."It definitely made a difference, if it would have been the old fencing, she probably would have made it over the top," said March.Independence Police Chief Michael Kilbane told News 5, he and police chief's in Valley View and Garfield Heights, started working with State Representative Marlene Anielski (R-Walton Hills) last year to get the safety fencing improved."She really lobbied ODOT hard to get this done, and actually made them make it a priority," said Kilbane.Kilbane praised ODOT and said he hopes the safety fencing posted at other northeast Ohio bridges will be examined in the future."Again it if can just prevent one of them, or buy some time for somebody to get there and talk them out of it, or help them.  I think it's well worth the investment," said Kilbane.ODOT told News 5 it will install a 10-foot safety fence along the Lorain Road bridge, over the Rocky River, later this summer.Meanwhile, March told News 5 he doesn't feel like a hero, that he was just doing his job.Chief Kilbane disagrees."Andrew March is a hero," said Kilbane."I know he's a modest kid, but he saved a life today." 2054

PUNTA GORDA, Fla. -- A Charlotte County deputy was forced to use his firearm to defend himself from charging dogs during a call Thursday morning.According to the Charlotte County Sheriff's Office, the deputy responded to a call from a resident who was afraid to exit his truck due to three loose and aggressive pit bulls in his yard.The deputy arrived to observe the dogs, described as approximately 100 pounds each, leaving the man's yard and chasing chickens in the next yard.As the deputy was speaking to the resident, the dogs returned and began to charge the men, forcing the resident back into his truck and chasing the deputy around it.The deputy fired his weapon at two of the dogs before they retreated down the road.Animal Control arrived and took the dogs into custody, giving the injured dogs treatment.They are investigating any possible citations for the owners. 889

Reports show storm surge already rapidly rising at Holly Beach, LA and adjacent coastal areas. If you are under a mandatory evacuation, you should leave NOW! Once water levels rise in your area, it will be a sharp increase. By then it will be too late #txwx #lawx #hurricanelaura— NWS Lake Charles (@NWSLakeCharles) August 26, 2020 339

PUEBLO, Colo. — A white supremacist accused of plotting to bomb the Temple Emanuel synagogue in Pueblo last year pleaded guilty to federal hate crime and explosives charges Thursday morning, according to court documents.Richard Holzer pleaded guilty to charges on Thursday that he attempted to obstruct others from exercising religious beliefs through force and that he attempted to destroy a building used in "interstate commerce."Holzer was arrested Nov. 1, 2019, after he met up with three undercover FBI agents in an attempt to bomb Temple Emanuel in Pueblo, Colorado as part of what he called a "racial holy war" and to wipe the synagogue "off the map" in what the FBI said amounted to "domestic terrorism."An undercover agent began talking to Holzer on Facebook in September 2019 after investigators say he promoted white supremacy and violence on several accounts. Holzer pleaded not guilty in November 2019 to a three-count indictment submitted by a grand jury.Holzer's sentencing is set for Jan. 20. He faces a maximum sentence of 20 years in prison for the hate crime charge and 20 years for the explosives charge, a fine of up to 0,000, and a term of supervised release.This story was originally published by Brenda Argueta on KOAA in Colorado Springs, Colorado. 1284