The daily business briefing: December 16, 2016
Facebook partners with fact-checkers to flag fake news, Verizon demands concessions in Yahoo deal after breach, and more

- 1. Facebook partners with fact-checkers to flag fake news
- 2. Verizon demands concessions in Yahoo deal after massive breach
- 3. ObamaCare sign-up deadline extended due to last-minute rush
- 4. U.S. stocks gain as investors digest Fed move
- 5. DeVry agrees to $100 million settlement over ads that misled students

1. Facebook partners with fact-checkers to flag fake news
Facebook announced Thursday that it was starting to flag fake news posts by partnering with third-party fact-checkers. As part of its new policies to flag fabricated stories, the world's largest social network said it would work with organizations that have signed the International Fact-Checking Network's code of principles established by the Poynter media institute in Florida. Groups that have signed the code include Snopes, PolitiFact, The Washington Post Fact Checker, The Associated Press, and ABC News. Facebook also said it was adjusting its News Feed algorithm to lower the ranking of fake news, focusing on what one executive called "clear hoaxes."
2. Verizon demands concessions in Yahoo deal after massive breach
Verizon is demanding to revise the terms of its $4.8 billion deal to buy Yahoo's core internet business following Yahoo's disclosure of a data breach that exposed 1 billion user accounts. Verizon, which already said it was reviewing the deal after Yahoo reported another hack in September, now wants "major concessions," a person familiar with the situation said. The wireless carrier still reportedly wants to go through with the deal. Yahoo shares fell more than 6 percent after the breach was announced.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
3. ObamaCare sign-up deadline extended due to last-minute rush
Federal regulators on Thursday extended the deadline for enrolling for 2017 health insurance coverage under the Affordable Care Act, after a last-minute push ahead of the midnight Thursday deadline overwhelmed call centers and the enrollment website. Americans now have until midnight Dec. 19 to sign up for coverage that will start on Jan. 1. About 700,000 people enrolled through the federal marketplace on Monday and Tuesday. "Nearly a million consumers have left their contact information to hold their place in line," the ObamaCare insurance exchange website's CEO Kevin Counihan said Thursday night. "Our goal is to provide affordable coverage to everyone seeking it before the deadline."
4. U.S. stocks gain as investors digest Fed move
U.S. stocks rose on Thursday, a day after the Federal Reserve announced its second interest rate hike since the 2008 financial crisis. Bank shares led the gains. The markets have been pushing higher as investors bet that President-elect Donald Trump's spending plans could boost inflation and interest rates, which could benefit banks. The Dow Jones Industrial Average rose 60 points, or 0.3 percent, to 19,852.24. At one point the Dow came within 50 points of touching 20,000 for the first time. The dollar's post-Fed rally leveled out on Friday and European shares approached 11-month highs, as investors adjusted their holdings with faster 2017 interest rate hikes in mind.
5. DeVry agrees to $100 million settlement over ads that misled students
DeVry Education Group, which runs for-profit colleges, agreed Thursday to pay $100 million to settle accusations that it misled prospective students with deceptive ads. As part of the deal, DeVry will forgive $30.35 million in student loans — all unpaid loans made through the company between Sept. 1, 2008, and Sept. 30, 2016. Some students have complained that the chain of schools exaggerated their chances of landing good jobs after graduation.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
-
Today's political cartoons - March 29, 2025
Cartoons Saturday's cartoons - my way or Norway, running orders, and more
By The Week US Published
-
5 tactically sound cartoons about the leaked Signal chat
Cartoons Artists take on the clown signal, baby steps, and more
By The Week US Published
-
Roast lamb shoulder with ginger and fresh turmeric recipe
The Week Recommends Succulent and tender and falls off the bone with ease
By The Week UK Published
-
'Like a sound from hell': Serbia and sonic weapons
The Explainer Half a million people sign petition alleging Serbian police used an illegal 'sound cannon' to disrupt anti-government protests
By Abby Wilson Published
-
The arrest of the Philippines' former president leaves the country's drug war in disarray
In the Spotlight Rodrigo Duterte was arrested by the ICC earlier this month
By Justin Klawans, The Week US Published
-
Ukrainian election: who could replace Zelenskyy?
The Explainer Donald Trump's 'dictator' jibe raises pressure on Ukraine to the polls while the country is under martial law
By Sorcha Bradley, The Week UK Published
-
Why Serbian protesters set off smoke bombs in parliament
THE EXPLAINER Ongoing anti-corruption protests erupted into full view this week as Serbian protesters threw the country's legislature into chaos
By Rafi Schwartz, The Week US Published
-
Who is the Hat Man? 'Shadow people' and sleep paralysis
In Depth 'Sleep demons' have plagued our dreams throughout the centuries, but the explanation could be medical
By The Week Staff Published
-
Why Assad fell so fast
The Explainer The newly liberated Syria is in an incredibly precarious position, but it's too soon to succumb to defeatist gloom
By The Week UK Published
-
Romania's election rerun
The Explainer Shock result of presidential election has been annulled following allegations of Russian interference
By Sorcha Bradley, The Week UK Published
-
Russia's shadow war in Europe
Talking Point Steering clear of open conflict, Moscow is slowly ratcheting up the pressure on Nato rivals to see what it can get away with.
By The Week UK Published