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Rescuers in Mexico City pushed through debris Thursday at an elementary school in an urgent attempt to reach a 12-year-girl, two days after a powerful earthquake trapped her and killed at least 250 people across central Mexico.The rescue attempt at the capital's Colegio Enrique Rebsamen came amid concerns the structure could buckle further. It was one of many searches underway at buildings that collapsed in the region after Tuesday's magnitude 7.1 quake, the country's second major temblor in less than two weeks. 525

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

Republican U.S. Sen. David Perdue and Democrat Jon Ossoff will face off in a Jan. 5 runoff in Georgia for Perdue’s Senate seat. Libertarian candidate Shane Hazel was able to get enough votes to prevent either candidate from clearing the 50% threshold needed for an outright win. The contest has already seen huge spending from outside groups on both sides and millions of dollars more are expected to pour into the state ahead of the runoff. Perdue is a close ally of President Donald Trump. The race has been characterized by sharp attack ads but relatively moderate political positions.Coupled with another runoff in Georgia in a special election, the two Senate races could decide which parties have control of the US Senate. 737

RED BLUFF, Calif — Two people were left dead and at least four people were in fair condition Saturday after a man drove into a distribution center and started shooting at people. The two deceased people and the four injured ones were treated at St. Elizabeth Community Hospital in Red Bluff. Authorities shot the man. Emergency dispatchers told the Record-Searchlight newspaper that the shooting by a man with “AR-type weapon” started about 3:30 p.m. at the Walmart distribution center. Dispatchers say there also was a fire at the site, and the suspect appears to have rammed a vehicle into the building. The suspect had been shot in the chest around 3:45 p.m. 669

Rescuers in Mexico City pushed through debris Thursday at an elementary school in an urgent attempt to reach a 12-year-girl, two days after a powerful earthquake trapped her and killed at least 250 people across central Mexico.The rescue attempt at the capital's Colegio Enrique Rebsamen came amid concerns the structure could buckle further. It was one of many searches underway at buildings that collapsed in the region after Tuesday's magnitude 7.1 quake, the country's second major temblor in less than two weeks. 525

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