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The Spokesman-Review Newspaper The Spokesman-Review

Tuesday, February 25, 2020  Spokane, Washington  Est. May 19, 1883
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Franklin Resources buying Legg Mason for $4.5 billion

SAN MATEO, Calif. – Franklin Resources is buying rival investment manager Legg Mason for $4.5 billion, the latest shakeup in an industry grappling with customers who continue to clamor for lower fees. Franklin Resources Inc., which operates as Franklin Templeton, said Tuesday that it will pay $50 in cash for each Legg Mason Inc. share, which is 23% higher than they were trading before the holiday weekend. It will also assume about $2 billion in outstanding debt.

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Motley Fool: Microstrong

Microsoft has the brand recognition, network-effect advantage and resources to continue winning in the markets it serves.
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Week Ahead

Conventions 2020 Northwest Food and Beverage World – Food Northwest, today-Thursday, Spokane Convention Center, 4,000 attendees.
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Business Beat

Banking Banner Bank has hired Monica Lay as a mortgage loan officer serving the Spokane area. She has nearly 30 years of experience in the mortgage industry, specializing in first-time home loans. Lay worked previously as a loan originator for HomeStreet Bank.
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Oregon landfill took 2M pounds of radioactive fracking waste

ARLINGTON, Ore. – A chemical waste landfill near the Columbia River in Oregon accepted hundreds of tons of radioactive fracking waste from North Dakota in violation of Oregon regulations that has alarmed environmental advocates. But the company won’t be fined because state officials believe landfill operators misunderstood state guidelines, authorities said. The Oregonian/OregonLive reported that Oregon Department of Energy officials on Thursday issued a violation notice to Chemical Waste Management for its landfill near the small town of Arlington for accepting a total of 2 million pounds of Bakken oil field waste delivered by rail in 2016, 2017 and 2019. Arlington is about 140 miles east of Portland.
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Facebook reverses on paid influencers after Bloomberg memes

Facebook decided Friday to allow a type of paid political message that had sidestepped many of the social network’s rules governing political ads, in a reversal that highlights difficulties tech companies and regulators have in keeping up with the changing nature of paid political messages.