GS Top 5 News - Xbox One Release Date, PS4 Virtual Reality

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Microsoft finally gives us the date of the Xbox One, Sony wants your reality to be virtual, and a place to crash helicopters freely in Battlefield 4.

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  • Business

    Mylan CEO Blamed Obamacare for EpiPen Sticker Shock

    The price of the EpiPen has soared 500% since generic drug company Mylan bought the treatment nine years ago. On an earnings call earlier this month, Bresch blamed EpiPen sticker shock in part on Obamacare. Mylan is no stranger to controversy (see my profile last year, “Why Wall Street Loves to Hate Mylan’s CEO”).

    Fortune
  • Business

    When It's Time to Stop Saving for Retirement

    You’ve done all the right things – financially speaking, at least – to get ready for retirement. You started saving early to take advantage of the power of compounding, maxed out your 401(k) and individual retirement account (IRA) contributions every year, made smart investments, squirreled away money into additional savings, paid down debt and figured out how to maximize your Social Security benefits. Now what? When do you stop saving – and start enjoying the fruits of your labor? A Nice Problem to Have (But a Problem All the Same) Many people who have saved consistently for retirement have trouble making the transition from saver to spender when the time comes. Careful saving – for decades,

    Investopedia
  • News

    Please stop suggesting these inventions to Ford

    If you’ve ever had an idea that you think would change the way we get around, Ford would like to hear it. The company has a portal open to employees and the public where anyone can suggest an idea to Ford, and, if the company likes it, it may work with the person to help them secure the intellectual property. On the site, Ford has a list of a few suggestions that it would really prefer if you didn’t send them, because the company is either already working on similar ideas, or it’s just heard it a ton of times before and can’t do anything with. “We do not want you to waste your time submitting these ideas (or our time reviewing them), as we will reject your submission,” Ford says on the site.

    Quartz
  • KR

    Kroger is taking drastic measures to slash prices — and Walmart should be terrified

    The grocery store chain recently cut the cost of 1,000 popular items in 120 of its stores, retail consultant David Merrefield writes on industry website The Robin Report. Kroger has annual sales of $115 billion, about half of Walmart's US sales. Walmart is reacting to Kroger's success by investing more heavily in its grocery experience, the Cincinnati Business Courier reports.

    Business Insider
  • Business

    Why Emergency Funds Are A Bad Idea

    Along with changing your oil every 3,000 miles and checking your child’s trick-or-treat bag for weaponized apples, the common advice to create an emergency fund is overly prudent. All you need is an objective understanding of risk to realize that there are far better places to put your money than an inert account that can’t enrich you. The most recognizable personal finance mavens are almost unanimous in their advocacy of the emergency fund as a vital part of any common-sense financial plan. Their recommendations differ only on size – three months’, six months’, perhaps eight months’ worth of living expenses are enough to accommodate whatever misfortune might befall you. But to what end? And

    Investopedia
  • Sports

    The best way to sink Kobe Bryant’s new $100 million fund would be to invest in sports

    Kobe Bryant’s work ethic is legendary: he’s known for showing up three hours early to practice, sinking 400 shots in drills, and taking midnight bike rides to cross train. Now he’ll be looking for similar qualities in entrepreneurs he’s backing as part of his new $100 million venture capital fund, Bryant Stibel. The recently retired NBA star co-founded the firm with Jeff Stibel, a former brain researcher and technology company founder, to invest in technology, media, and data companies. Existing investments include video-game designer Scopely and legal-services company LegalZoom, but the pair’s interest already includes sports investments in companies such as sports media site The Players’ Tribune and Kobe’s personal investment in sports drink company BodyArmor (which later secured a merchandise partnership with the Los Angeles Lakers).

    Quartz
  • Entertainment

    Former Fox News Host Andrea Tantaros Files Suit Alleging Sexual Harassment

    Andrea Tantaros, a former host of Fox News Channel program like “The Five” and “Outnumbered,” is the latest female staffer at the popular cable-news outlet to levy sexual-harassment charges at the 21st Century Fox-owned property. In a lawsuit filed Monday in the Supreme Court of the State of New York, Tantaros alleged that senior executives at the network retaliated against her after she complained about being inappropriate remarks made to her by Roger Ailes, the former chairman and chief executive of the network. Ailes left Fox News last month in the wake of an internal investigation that is believed to have turned up evidence of several female employees at the operation being harassed sexually during their time of employment.

    Variety
  • Business

    5 Dividend Stocks to Consider Selling Now

    With interest rates in the basement and likely to stay there for some time, investors have, for good reason, flocked to dividend-paying stocks. But demand has pushed up the prices of many popular payers to possibly unsustainable levels. These stocks could be vulnerable to steep declines. People who can live off of their dividend income and can ignore share-price fluctuations may not have to worry much about a market reversal. After all, given enough time, the price of a good company will eventually recover. But investors who can’t stomach a downturn—even if it proves temporary—may want to lighten up on some overpriced dividend stocks. We’ve identified five dividend payers that look overvalued

    Kiplinger.com
  • Business

    Utility Stocks Are About To Pull Back -- Get Ready To Buy

    There's no arguing that utility stocks have knocked it out of the park this year. Utility stocks are always attractive to income oriented investors because of their dividend yields. In fact, I recently recommend taking profits in utility bellwether Southern Company (NYSE: SO).

    StreetAuthority Network
  • News

    World's largest aircraft damaged on 2nd test flight

    The developer of the world's largest aircraft says the blimp-shaped airship sustained damage after it made a bumpy landing Wednesday on its second test flight in eastern England. Hybrid Air Vehicles said it is trying to figure out what caused the rough landing of the 302-foot (92-meter) Airlander 10 during its 100 minute flight Wednesday in Bedfordshire, north of London. "The Airlander experienced a heavy landing and the front of the flight deck has sustained some damage, which is currently being assessed," the company said.

    Associated Press
  • News

    Ford Recalls Over 88K Vehicles Due to Stalling Problem

    Ford is recalling more than 88,000 cars and SUVs in North America because the engines can stall without warning due to a fuel pump problem. The recall covers certain Ford Taurus and Police Interceptor sedans, Ford Flex wagons, Lincoln MKS sedans and Lincoln MKT SUVs from the 2013 through 2015 model years. All have 3.5-liter turbocharged six-cylinder engines. Ford says the fuel pump control modules can fail, and the engines may not start, or they could stall, leaving drivers without the ability to restart them. The company says it's not aware of any crashes or injuries from the problem. Dealers will replace the control module at no cost to owners.

    ABC News
  • Business

    How to Get Serious About Building an Emergency Fund

    You’ve heard it time and time again: Everyone should build an emergency fund. Easier said than done, right? Saving can feel like an impossible task when you’re just getting by each month. But even if you’re living paycheck to paycheck, it’s still possible

    Money
  • SBUX

    No, Starbucks isn't cheating customers by adding ice to drinks, judge says

    It seems that Starbucks (SBUX) can put as much ice as it wants in your beverage. A judge in California dismissed a case that accused the coffee chain of under-filling its iced drinks, saying the plaintiff had "not alleged any viable claims" against the company. "If children have figured out that including ice in a cold beverage decreases the amount of liquid they will receive, the Court has no difficulty concluding that a reasonable consumer would not be deceived into thinking that when they order an iced tea, that the drink they receive will include both ice and tea and that for a given size cup, some portion of the drink will be ice rather than whatever liquid beverage the consumer ordered," wrote Percy Anderson, the U.S. District Judge presiding over the case in his dismissal of the lawsuit last Friday.

    CNBC
  • News

    Putin's plans put in perspective

    Russian president Vladimir Putin makes a key Kremlin change

    Financial Times Video
  • Politics

    Lawmakers demand information on EpiPen price increase

    Sen. Charles Grassley, R-Iowa, wrote Mylan, the company that manufactures the devices, and asked for more information on why the prices have increased. Two other senators, Democrats Mark Warner of Virginia and Richard Blumenthal of Connecticut, also wrote the company about the high prices. Warner said in a letter Tuesday that the issue is personal for him.

    Associated Press
  • Business

    Lincoln, Honda, Toyota, BMW are tops in customer satisfaction (Acura, VW not so much)

    ACSI's 2016 Automobile Report polled 3,776 auto customers, asking them to evaluate their experiences with a wide range of car brands, using a scale of 0 (not at all satisfied) to 100 (over the moon). The 2015 ACSI survey saw continued declines in satisfaction, which was attributed to several years of high-profile recalls. On ACSI's 100-point scale, the average score in 2016 is 82, up 3.8 percent from last year.

    The Car Connection
  • Business

    U.S. crude down 3 percent after big stockpile build

    Oil prices tumbled on Wednesday, with U.S. crude settling about 3 percent lower, after an unexpectedly large inventory build in the world's biggest oil consumer renewed worries about oversupply. The U.S. Energy Information Administration (EIA) said crude inventories rose 2.5 million barrels last week, versus analysts' forecasts for a draw of 500,000 barrels. U.S. West Texas Intermediate (WTI) futures settled down $1.33, or 2.8 percent, at $46.77 per barrel.

    Reuters
  • News

    World's first self-driving taxis debut in Singapore

    The world's first self-driving taxis will be picking up passengers in Singapore starting Thursday. Select members of the public will be able to hail a free ride through their smartphones in taxis operated by nuTonomy, an autonomous vehicle software startup. It will beat ride-hailing service Uber, which plans to offer rides in autonomous cars in Pittsburgh, by a few weeks.

    Associated Press
  • AAPL

    According to this chart, Apple shares are approaching a critical breaking point

    For Jonathan Krinsky, technical analyst MKM Partners, Apple's chart has become a heated battleground between bulls and bears. But he observes that Apple shares, which are up about 10 percent in the past month, have recently reached up to the top of this channel. The story of the $90 level on Apple's chart starts in April 2012, when the stock topped out at $92 — which was then actually $644, as it was before Apple's 7-to-1 stock split.

    CNBC
  • Health

    How EpiPen's maker raised prices, and hackles, so much

    Sky-high price hikes for EpiPen, the injected emergency medicine for severe allergic reactions to foods and bug bites, have made its maker the latest target for patients and politicians infuriated by soaring drug prices. The company, Mylan, has a virtual monopoly on epinephrine injectors, potentially life-saving devices used to stop a runaway allergic reaction. Mylan N.V., which has headquarters in Hertfordshire, England, and Pittsburgh, has hiked prices as frequently as three times a year over the past nine years, pushing its list price for a package of two syringes to more than $600.

    Associated Press
  • Business

    Asia stocks hold gains before Yellen speech, dollar firm

    Asian stocks edged higher on Thursday but clung to recent well-worn trading ranges while the dollar held firm against regional currencies ahead of a speech by Federal Reserve Chair Janet Yellen at a global central bankers' meeting. MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.3 percent higher. Japan's Nikkei (.N225) was down 0.3 percent, pressured by losses on Wall Street overnight and investor caution ahead of Yellen's speech in Jackson Hole, Wyoming, on Friday.

    Reuters
  • Business

    Seadrill Ltd. Just Got Even Riskier -- The Motley Fool

    So much for a drilling recovery just yet. On Monday , offshore driller Seadrill Ltd. (NYSE:SDRL) announced that it had received notice from Pemex that it was canceling its contract for the West Pegasus semi-submersible drilling vessel, yet another reminder that the offshore drilling environment remains in a serious downturn. But here's what makes this particular cancellation unusual: Pemex and Seadrill had just signed the contract in the first quarter of 2016. Overall, it's a troubling reminder how far we may be from a recovery. And that's particularly bad news for Seadrill, which has a lot of debt coming due and newbuilds on track to be delivered in the near term.  Let's take a closer look at

    The Motley Fool
  • AMD

    Exclusive: Companies made deals that could run afoul of U.S. whistleblower rules

    Wells Fargo , Advanced Micro Devices and Fifth Third Bank have in recent years agreed to settlement deals that seek to muzzle former employees in ways that some lawyers said could violate U.S. whistleblower protection laws. Five lawyers, including three who represent whistleblowers, said that the settlements appear aimed at blocking workers from airing their concerns and contain similarities to those used by other companies that ran afoul of government rules. The deals by Wells Fargo, AMD, and Fifth Third Bank were among a dozen such corporate settlements reached between 2012 and 2015 that were reviewed by Reuters.

    Reuters
  • Business

    5 Ways to Avoid Taxes on Your Social Security Benefits

    How are taxes on Social Security benefits calculated? Are there any strategies that would help me avoid paying taxes on my benefits? Whether your Social Security benefits are taxed depends on your "provisional income." Your provisional income is your adjusted gross income, not counting Social Security benefits, plus nontaxable interest and half of your Social Security benefits. If it's below $25,000 and you file taxes as single or head of household, or less than $32,000 if you file a joint return, you won't owe taxes on your benefits. If your provisional income is between $25,000 and $34,000 if you're single, or between $32,000 and $44,000 if you file jointly, up to 50% of your benefits may be

    Kiplinger.com