Doug Parker, Chairman and CEO, U.S. Airways
Doug Parker, Chairman and CEO, U.S. Airways
President Donald Trump's first executive order targets the sweeping "Obamacare" law by giving federal agencies broad leeway to chip away at the measure. Trump signed the executive order in the Oval Office Friday, hours after being sworn in as the 45th president of the United States. The one-page directive gives agencies authority to grant waivers, exemptions and delays of provisions in the Affordable Care Act.
The Federal Housing Administration said Friday it would roll back a cut in mortgage insurance premiums announced just days ago under outgoing Housing and Urban Development head Julian Castro. The reduction of 25 basis points, or a quarter percentage point, was meant to help more borrowers gain access to the mortgage market. It came after a surge in mortgage rates.
Although the overall individual audit rate is only about one in 119, the odds increase dramatically as your income goes up, as it might if you sell a valuable piece of property or get a big payout from a retirement plan. The IRS wants to be sure that owners of IRAs and participants in 401(k)s and other workplace retirement plans are properly taking and reporting required minimum distributions.
A prosecutor on Friday urged a federal judge to sentence "Dance Moms" star Abby Lee Miller to prison instead of probation for bankruptcy fraud. Assistant U.S. Attorney Gregory Melucci called witnesses to buttress his contention that the reality TV show star tried to avoid repaying hundreds of thousands of dollars in debt by hiding about $775,000 in income from a bankruptcy court. Miller's attorneys will call witnesses when the hearing continues Feb. 24, after which she'll be sentenced.
AT&T’s biggest threat is posed by T-Mobile, which is the company customers most often tend to defect to. “When asking postpaid subscribers that have been with their carrier (less than) two years which carrier did they previously have, the top answer for current Sprint, T-Mobile and Verizon respondents was ‘previously AT&T,’” the research firm said in a letter to investors.
Kyle Taylor knows a thing or two about saving money, having gone from broke to becoming a self-made millionaire in a matter of years. The site is now a fully fledged company that offers financial tips to thousands of users. The 30-year-old CEO and self-made millionaire tells CNBC that one formula in particular has helped him save.
Given the hardball approach it has often taken toward patent negotiations, it's perhaps not too surprising that Apple (AAPL) has kicked off a major dispute with Qualcomm (QCOM) , the company with the largest mobile patent-licensing business of them all. But the fact Qualcomm is also the world's largest mobile chip supplier, and still counts Apple as one of its largest customers, throws a unique wrinkle into this battle--one that, depending on how the dispute unfolds, could work greatly to Intel's (INTC) advantage. Just three days after the U.S. FTC filed an antitrust suit against Qualcomm that (among other things) alleged the company had a 5-year modem exclusivity deal with Apple that featured
A Hawaii lawmaker said Friday he plans to introduce legislation that could force Facebook CEO Mark Zuckerberg into mediation before he is allowed to buy real estate on Kauai island. State Rep. Kaniela Ing said Hawaii's sugar barons long employed laws Zuckerberg is using to take land from Native Hawaiians. "Zuckerberg may be acting more transparent than folks who exploited this law in the past, but it doesn't make it right," Ing said.
There’s yet another way to buy things from the online retail giantAFP/Amazon released a new credit card designed to encourage you to spend even more at the online retail giant. In case you needed one more way — or reason — to buy things from Amazon, here it is. The retailer (AMZN) on Wednesday announced its new Amazon Prime Rewards Visa Signature credit card, which will offer 5% back to customers who are members of Amazon Prime, which itself costs $99 per year to join.
High-quality dividend stocks never go out of style for long-term investors, and there is no shortage of stocks with high yields and bright prospects for 2017, from telecommunications companies embracing the digital future to pharmaceutical companies riding the success of new drugs. The pharmaceutical sector is a great place to look for generous dividend payers and few stocks sport yields as high as AbbVie's. The patent expired in December on AbbVie's Humira, the top-selling anti-inflammatory drug on the market. AbbVie's shares returned 20%, including dividends, over the past 52 weeks, while the pharmaceutical sector overall was in the red.
The Trump administration, hours after taking office on Friday, suspended a plan to cut mortgage insurance premiums on federally insured home loans that the U.S. government had estimated would save eligible homeowners an average of $500 a year. The move immediately drew fire from Democrats, and it offered an early example of the potential conflicts ahead as Republican President Donald Trump rolls back measures put in place by his Democratic predecessor, Barack Obama. "In one of his first acts as president, President Trump made it harder for Americans to afford a mortgage," U.S. Senate Minority Leader Chuck Schumer said in a statement.
First lady Melania Trump addressed active duty military and veterans at the inaugural Armed Services Ball Friday evening in Washington, D.C.
The FTC isn't convinced that Walgreen's proposal to sell 865 drugstores to Fred's Inc would do enough to preserve competition that would be lost in the $9.4 billion tie-up, Bloomberg reported on Friday. The FTC is also unlikely to complete its review of the deal before the deadline of Jan. 27 to close the transaction, the Bloomberg report said. In October, Walgreens said it was "confident about this deal," despite having to postpone the closure of the deal by three months to the end of January.
German Finance Minister Wolfgang Schaeuble said Britain should take a leaf out of Switzerland's book on how to handle relations with the European Union, according to Swiss newspaper Neue Zuercher Zeitung (NZZ) on Sunday. Switzerland has access to the European single market through a series of bilateral agreements and has skirted voters' demand in a 2014 referendum for outright quotas on foreign workers by instead giving local people first crack at open jobs.
As of January 2017, the average retiree receives $1,360 per month from Social Security, and the average retired couple gets $2,260 each month. That works out to an average annual benefit payment of $16,320 for an individual or $27,120 for a couple. That means Social Security provides enough to keep a typical person or a couple above the federal poverty level. Even with that, benefit levels are well below the overall average household income for families of that -- or any -- size, which means that the lifestyle Social Security offers is a fairly basic one. Risks in the Social Security lifestyle While Social Security's benefit payments are guaranteed (at least until the Trust Funds empty or Congress
U.S. President Donald Trump's administration is only hours old, but already a small parade of S&P 500 companies' chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. In the days ahead of Friday's inauguration, senior executives from Morgan Stanley , Delta Air Lines and other major U.S. corporations said the Trump White House has already sparked a brighter outlook for business. "There is certainly more reason to be optimistic as we enter 2017 than there was at the beginning of 2016," Morgan Stanley CEO James Gorman said on Tuesday after his bank said profit doubled in the fourth quarter.
British Prime Minister Theresa May said Sunday she plans to discuss free trade and the importance of the NATO military alliance when she becomes the first foreign leader to meet with U.S. President Donald Trump in Washington. The White House's invitation for May to meet with Trump on Friday was seen in Britain as affirmation that Trump values the vaunted "special relationship" between the United States and its longtime ally across the Atlantic.
As a result, a rising stock market, such as we've had of late, can make it harder for income investors to find attractive dividend payers. Indeed, the current dividend yield on Standard & Poor's 500-stock index is just 2.1%, down from 2.3% a year ago. A too-good-to-be-true yield can be a red flag about a company's financial health and an indicator that the dividend isn't sustainable.
One of the best ways to clear some of your head space may be to pay down credit card debt. With annual percentage rates (APRs) in excess of 15%, credit cards can cost you a big chunk of change in interest. Plus, high credit card balances can do big damage to your credit.
If you don’t know what a health savings account is, it’s time to find out. These accounts, which are available only to people who have a high-deductible health plan, offer a trifecta of tax benefits for people who use them to save money for medical expenses: you put money in pre-tax, the money grows tax-free and is distributed tax-free as long as you use it on qualified medical expenses. But for many people, the disadvantages of such plans will outweigh the advantages. A key tenet of President-elect Donald Trump’s stated health-care plan is to expand access to these savings accounts, but there’s already a growing trend among employers to move employees to high-deductible insurance plans. That
In the rarefied world of high-end bong makers, Roor glass water pipes have long been smoked to impress. Both marijuana and the tools used to smoke it remain illegal under federal law, but that hasn't stopped Roor and its American licensee from using the federal courts to protect the brand and its sales.
The stock market has had a rip-roaring start to 2017, but that may be about to come to an end. Riding the so-called Trump trade to new all-time highs, the Dow Jones Industrial Average is just barely short of the 20,000 milestone. Stocks have been backing off from their highs, however, and the Dow is now roughly 200 points away from the elusive 20,000 mark.
New Mexico Attorney General Hector Balderas is suing Japanese manufacturer Takata and a long list of automakers in connection with the sale of cars with dangerous air bag inflators. The attorney general's office argues in a lawsuit filed Friday that the manufacturers had a duty to ensure their products were safe and that concealment of air bag defects amounted to unfair, deceptive and unconscionable trade practices under New Mexico law. Takata already has agreed to pay $1 billion in fines and restitution as part of plea agreement with the U.S. Justice Department over the yearslong scheme to conceal the deadly defect in its inflators.
Bristol-Myers Squibb Co shares fell 11 percent on Friday following Thursday's announcement that it would not seek accelerated approval of its immunotherapy drug combination in first-line lung cancer, further solidifying Merck & Co Inc's leading position in the burgeoning immuno-oncolgy field. Lung cancer is by far the biggest oncology market and a handful of companies have been battling to become dominant in initial, or first-line, treatment, and to provide much-needed combination therapies. Merck shares rose 3.6 percent to $62.53, while Bristol fell to $49.23.