Lucy Yang reports from New Rochelle.
It looks like people didn't eat up enough Papa John's (PZZA) pizzas during football season as Wall Street bankers had hoped. Shares of the pizza giant plunged 8% to $78.83 Wednesday after fourth quarter sales fell short of Wall Street's estimates. Papa John's fourth quarter adjusted earnings came in at 88 cents a share, higher than the 66 cents expected by analysts. But, the company posted weak revenue of $439.6 million, missing Wall Street's estimates of $447 million. System-wide same-store sales in North America rose 3.8%, falling short of estimates for a gain of 5.9%. It's not hard to blame Wall Street for the harsh reaction: shares of Papa John's have surged about 38% over the past year,
When it comes to savings, Americans are falling short. Nearly 70% of adults have less than $1,000 in their savings accounts . Retirement funds are looking equally bleak. In fact, about half of US families have zero retirement account savings . "Particularly
Who said retail stinks? Tell that to the richest family in America, who got multi-richer Tuesday after shares of Walmart (WMT) rose 3% following a better-than-expected fourth quarter. Shares have trekked slightly higher on Wednesday to $71.89. That jump deepens the pockets even more of Sam Walton's three surviving children—Rob, Jim and Alice. On Wednesday, Rob's shares were worth $240 million, Jim's, $755 million, and Alice's, $501 million, according to data compiled by TheStreet. Rob is on the retailer's board and its retired chairman. He has a net worth of $35.8 billion, the 15th highest in the world, according to Bloomberg data. Jim, whose net worth clocks in at $35.4 billion (17th wealthiest
A unanimous Supreme Court said on Wednesday that the parents of a girl born with cerebral palsy can sue for damages after public school officials barred her service dog from her classroom. In the case of Fry v. Napoleon Community Schools, the Napoleon Community school district in Michigan said that it had already provided a one-on-one support person to help the child at school, and the dog wasn’t needed. The family then sued on the child’s behalf in federal court to recover damages for the period when the dog was barred from the school, on the theory the child suffered emotional and social harm. A district court dismissed the lawsuit, saying that the family needed to find an administrative solution with the school under another act, the Individuals with Disabilities Education Act (or IDEA).
By Venus Wu HONG KONG (Reuters) - Former Hong Kong leader Donald Tsang was jailed for 20 months on Wednesday for misconduct in public office, making him the most senior city official to serve time behind bars in a ruling some said reaffirmed the financial hub's vaunted rule of law. The sentence brings an ignominious end to what had been a long and stellar career for Tsang before and after the 1997 handover to Chinese control, service that saw him knighted by the outgoing British colonial rulers. "Never in my judicial career have I seen a man falling from such a height," said High Court justice Andrew Chan in passing sentence.
Amazon is so pleased with its performance in a new ranking of corporate reputations that it is giving customers a discount on Wednesday to celebrate its top-place finish. The online retail giant is offering an $8.62 discount on purchases of $50 or more
The coffee giant's consumer perception levels have fallen by two-thirds since late January, according to YouGov BrandIndex. "We are living in an unprecedented time, one in which we are witness to the conscience of our country, and the promise of the American Dream, being called into question," CEO Howard Schultz wrote in a letter to Starbucks employees about the plan.
The CEO of discount carrier Spirit Airlines says he isn't worried about competing against new, cheaper fares from American and United. The "basic economy" fares from American and United are designed to attract the kind of thrifty fliers that have helped Spirit double in revenue in four years. At least Spirit passengers know what they're getting for what the airline calls a "bare fare," CEO Robert Fornaro said Wednesday.
Malaysian police said that they had identified two more suspects in the killing of Kim Jong Nam and that the two women who claimed they thought they were shooting a prank video were trained for the crime. Photo: Kyodo/AP
Verizon, apparently not content with introducing one disruptive data plan, introduced another this week. On Monday, the U.S.’s largest carrier announced a new postpaid option that starts at $40 a month — a full $10 cheaper than the lowest-priced plan it previously sold. Customers, who pay upfront, get unlimited texting, calling, and 2GB of data per month, down slightly from the 5GB offered on its $50 prepaid plan.
Surprise new costs for the long-troubled Airbus A400M military jet sent the European plane maker's profits plunging last year and will weigh on the company's financial prospects through next year, even as it forecast a rise in aircraft deliveries and demand. Airbus CEO Tom Enders acknowledged that "the jury is still out on the long-term success" of the A400M, but insisted "it's absolutely necessary" to maintain it as long as European militaries depend on it. Airbus' commercial plane forecast was more upbeat, after a year that saw a rise in deliveries but a drop in orders.
The U.S. government may soon lean on someone new to help lower health care costs: you. The idea is that when your money is on the line — and not the insurance company's — you'll look for the best value and do your part to curb national health care spending. The Affordable Care Act's fate is up in the air as President Donald Trump and Congress weigh plans to overhaul the law.
Many Americans cross their fingers at tax time, hoping for a huge refund from the federal government. At the very least, they want to break even. The vast majority of filers — more than 70 percent — do get money back from the government, with the average
Polarizing right-wing writer Milo Yiannopoulos was by turns apologetic for comments he made about sexual relationships between boys and men and adamant he had been the subject of "a cynical media witch hunt" on Tuesday as he spoke after resigning as an editor at Breitbart News. Yiannopoulos opened his remarks to reporters by saying two men, including a priest, had touched him inappropriately when he was between the ages of 13 and 16. The apology followed days of criticism from fellow conservatives after the release of video clips in which Yiannopoulos appeared to defend sexual relationships between men and boys as young as 13.
When Chloe Bridgewater, who is a big fan of tablets and computers, was told by her father Andy Bridgewater that the conglomerate Google has bean bags, slides and go-karts at their offices, she decided to let the company know how interested she was in working there. “My name is Chloe and when I am bigger I would like a job at Google. While Chloe knows she has quite a few years until she can actually apply, Google CEO Sundar Pichai responded to her handwritten note with his own message of encouragement.
When researchers for a recent IPSOS/USA Today survey asked 45-to-65-year olds how prepared they felt for retirement, 59% responded that they felt very or somewhat prepared. All of which suggests some people could be in for a rude awakening come retirement time. To get a better handle on whether you’re really on track when it comes to retirement, ask yourself these three key questions.
Natural gas prices plunged to their lowest level since November on mild weather in the U.S., which has caused storage levels to decline at a much slower pace than expected. Natural gas consumption is seasonal, with spikes in demand occurring in winter months. The result was a cratering of natural gas prices last year as inventories swelled following the end of winter.
Spectacular drone footage shows water pouring into Lake Berryessa's Morning Glory Spillway for the first time in nearly 10 years, after rains eased California's long drought. Photo/Video: Evan Kilkus via Storyful
Some people, including me, love to study the ins and outs of investments. Fortunately for those who don't, investing for retirement can be remarkably simple. Index funds--funds that track an investment benchmark rather than trying to beat it--aren't perfect.
Jim Cramer wants investors to know that it's possible to get ahead, but it requires doing homework before picking individual stocks. When Cramer was growing up, he had to learn how to invest the hard way. Pop had money in a bank account, but it didn't pay much interest.
"The company has provided notice to Wells Fargo that it may seek indemnification under the MyTerm distribution agreement," Prudential said in a Feb. 17 regulatory filing. It was unclear how much in costs Prudential may seek. A push by the Newark, New Jersey-based insurer for Wells to cover its costs could become another headache for the San Francisco-based bank, whose sales practices have been under a spotlight.
Investors in Chesapeake Energy Corporation CHK need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
Tesla Inc (TSLA.O) said on Wednesday its mass-market Model 3 sedan was on track for volume production by September, relieving investors who see the electric vehicle as the avenue to profitability for the young company. Tesla, whose shares rose 2.9 percent to $281.64 after the bell, beat analysts' expectations for revenue, while its adjusted loss missed the consensus target. Up to Wednesday's close, Tesla's stock had risen 53.9 percent in the last 12 months.
International mining giant Freeport-McMoRan (FCX) is up 104 percent in the past year, but some analysts say it's still a buy after its substantial run. When I look at a chart of Freeport-McMoRan here, what a great bottoming setup here. Let us translate: A "head and shoulders" technical pattern typically points to a bullish-to-bearish reversal in a chart, and thus an inverted pattern would suggest Freeport-McMoRan could take a leg higher, on this technical basis.
Altria Group (NYSE:MO) and Philip Morris International (NYSE:PM) share common roots -- the former spun off the latter in 2008 to divide the world between them. Altria serves the U.S. market while Philip Morris has international scope, but the two have both used the power of the Marlboro brand to build up impressive businesses. Yet going forward, the two companies have slightly different approaches to the tobacco industry, and some investors want to know which of the two stocks looks like a stronger pick for the future. Let's look more closely at Philip Morris International and Altria Group to see which one compares more favorably on some key metrics. Valuation and stock performance Philip Morris