Must Read Money Stories for Monday, March 28

by March 28, 2016

Sanders Scores Caucus Victories. Bernie Sanders scored big wins this weekend in Saturday’s Democratic caucuses in Washington state, Alaska and Hawaii, enabling the Vermont senator to begin closing in on Hillary Clinton’s strong delegate lead, USA Today reported Sunday. Of the remaining state contests, only two are holding caucuses — Wyoming and North Dakota – and so the focus now shifts to upcoming primaries in Wisconsin and New York, where many expect Clinton to do well while GOP candidates Donald Trump and Ted Cruz likely remain neck-and-neck.

Microsoft, Yahoo Talking Deal. Concerned with protecting its longstanding search and advertising agreements, Microsoft Corp. is reportedly weighing a buyout of troubled Internet company Yahoo, according to unnamed sources close to the deal in a Reuters article on Saturday. Upon the urging of private equity firms, Microsoft is now reportedly in preliminary talks about helping to finance a buyout of Yahoo, which is auctioning off its core Internet business, such as mail, search and news sites, that has struggled to compete with Google and Facebook for online advertisements.

N.C. Anti-LGBTQ Law Backlash. Google, Apple, Facebook and other tech giants came out swinging with scolding remarks over North Carolina’s new anti-gay legislation that was signed into law last week by Gov. Pat McCrory, Fortune reported over the weekend. The new law preempts cities from protecting many members of the LGBTQ community from discrimination, particularly banning transgenders from using bathrooms and other facilities that don’t match their “biological sex.” For a state that prides itself as a hotbed for tech and biotech companies, Fortune reports the move could not only damage its reputation, but cost jobs.

More Cuts For Al-Jazeera. Just two months after announcing the shut-down of its U.S. news operations, Qatar-based Al-Jazeera Media Network on Sunday said it would slash another 500 jobs, many at its headquarters, CNN Money reported. The additional layoffs announced Sunday mean that one-third of the news outlet’s staff—including journalists and engineers—will be out by the end of the year. The news outlet has been cutting back as a result of budget cuts by its oil-and gas-dependent owner, Qatar, where such prices have been plunging.