Police are searching for a suspect after a woman was shot twice in Jeffersonville.
Police are searching for a suspect after a woman was shot twice in Jeffersonville.
Tea Party Tim: The one thing that has really struck me in this election is that Trump has had more individual donors of $100 or less than any candidate in history. He had more votes in the primaries than any candidate in history in a field that was crowded with 7 major contenders to begin with and with 2 candidates that refused to withdraw after there was no chance of them gaining the nomination. The Democratic primaries had the lowest turnout that they have had in quite some time and many of the new voters were Bernie supporters. Yet still the polls being reported are touting a huge Clinton margin despite the fact that she does not break 50%. The numbers don't add up.
Newly appointed Wells Fargo CEO Tim Sloan told employees Tuesday that he is "sorry for the pain" that the bank's employees have suffered as a result of the company's sales practices scandal. In the speech, Sloan acknowledged that the bank did not respond to the problems in its branches soon enough and that upper management dodged responsibility for the bad behavior and wrongly placed blame on branch employees. Wells Fargo is enveloped in the biggest scandal in its 164-year history, which earlier this month forced the abrupt retirement this month of its CEO, John Stumpf .
Heavy equipment maker Caterpillar ( CAT) took the wrecking ball to its 2016 results, bringing down sentiment about the health of the world economy in the process. Caterpillar reported Tuesday a third-quarter profit of $283 million on sales of $9.2 billion, down from a revised $559 million profit on $11 billion in sales in the same quarter a year prior. On a per-share basis and excluding restructuring costs, the company made 85 cents, beating a forecast of 76 cents but warned for a second time in 2016 that full-year revenue was likely to come in below expectations. For the full year, Caterpillar said it now expects sales of $39 billion compared to previous guidance of between $40 billion and $40.5 billion.
That overstuffed wallet of yours can’t be comfortable to sit on. It’s probably even too clunky to lug around in a purse, too. And with every new bank slip that bulges from the seams, your personal information is getting less and less safe. With just your name and Social Security number, identity thieves can open new credit accounts and make costly purchases in your name. If they can get their hands on (and doctor) a government-issued photo ID of yours, they can do even more damage, such as opening new bank accounts. These days, con artists are even profiting from tax-return fraud and health-care fraud, all with stolen IDs. We talked with consumer-protection advocates to identify the eight things
Under Armour (NYSE:UA) CEO Kevin Plank is starting to sound like a broken record and investors are losing patience. The stock is seeing its biggest single-day loss in eight years, amid heavy volume, even as Plank downplayed concerns about the company’s declining growth rate on Tuesday. This doesn’t mean the demand for the Under Armour brand has disappeared, but it certainly hasn’t reappeared dollar-for-dollar in our distribution,” a seemingly-frustrated Plank said during post-earnings conference call.
Steve Beck, founder and managing partner at cg42, told the San Francisco Business Times that the 14 percent of Wells Fargo customers planning to leave the bank would be far higher if not for the difficulty in moving to a new bank. No doubt Wells Fargo's rivals will be big winners if more customers exit Wells Fargo (NYSE: WFC). Credit unions, community banks and even Charles Schwab Bank (NYSE: SCHW) already appear to be benefitting from Wells Fargo's scandal. Cg42 says Bank of America (NYSE: BAC) and Chase Bank (NYSE: JPM) could also be big beneficiaries, given their national presence. On top of the 14 percent of existing customers that cg42 sees walking out the door at Wells Fargo, the consulting
Oct. 24 -- At a campaign rally in Manchester, New Hampshire, Hillary Clinton slammed Donald Trump for a tweet in which he said the attack on Mosul is “a total disaster.” She said it was dangerous and proves the GOP nominee is unqualified to be commander-in-chief.
iStockRetirees have special concerns when evaluating state tax policies. For instance, the mortgage might be paid off, but how bad are the property taxes--and how generous are the property-tax breaks
A nurse who contracted Ebola two years ago while caring for the first person to be diagnosed in the U.S. with the deadly disease settled a lawsuit Monday against the parent company of the Dallas hospital where she worked. Attorneys for Nina Pham announced the settlement with Texas Health Resources. Pham contracted Ebola in the fall of 2014 while caring for Thomas Eric Duncan at Texas Health Presbyterian Hospital Dallas.
A new lawsuit filed by Apple contends that 90 percent of iPhone devices and Apple accessories it recently purchased from Amazon were fakes. Apple says it purchased the products directly through Amazon, not a third party. Amazon is not named in the lawsuit, according to an Associated Press report.
In its survey, cg42 asked 1,000 primary Wells Fargo customers and another 500 primary customers of other top 10 banks what they thought of the scandal and whether it would change their behavior. Among other things, cg42 studies what Beck calls "brand vulnerability" to public perception and its studies are often cited in media reports on industry trends. One of the more interesting things the firm has found about Wells Fargo is that customer concerns over cross-selling didn't just start when the scandal broke in September. "Dating back to 2011, customers have consistently over-indexed on the frustration of being sold products I don't need or want," Beck said. "What the scandal has brought to life
The ex-wife of former Subway pitchman Jared Fogle is suing the restaurant chain for damages, saying the company received at least three reports indicating his sexual interest in children but failed to take proper action and continued promoting him as its spokesman. Katie McLaughlin said at a news conference Monday that she filed the lawsuit in Hamilton County Superior Court because she has questions about Subway's actions and inactions and wants to someday have answers for her two children, who are now 3 and 5 years old. Did they ever notify the authorities?" said McLaughlin, who said she was "shocked" to learn the accusations against her husband.
Kiplinger Fidelity is home to some of the greatest stock fund managers of all time. At the top of the list is Peter Lynch, who during his tenure at Fidelity Magellan from 1977 to 1990 delivered a 29.1% annualized return. He beat out all other stock funds and bested Standard & Poor’s 500-stock index by an average of 13.5 percentage points per year. Since then, other stars have shone brightly, including Contrafund’s Will Danoff, Low-Priced Stock’s Joel Tillinghast and Growth Company fund’s Steve Wymer. The firm’s string of famous managers may explain why 22 of its funds land on a list of the 105 most popular mutual funds in employer-sponsored retirement savings plans. We set out to identify the
The ad hoc group formed by ex-Intel employees in the wake of the company’s massive global layoffs wants to know what thousands of their laid-off colleagues are up to. To do that, they have launched an online survey. It’s been six months since Intel said it would lay off 11 percent of its global workforce or 12,000 workers. of those cuts were in Washington County and thousands more were offered early retirement. A group called Intel Eliminati, created following a smaller layoff in 2015, took on a greater role connecting former co-workers with each other, and, hopefully new job opportunities. But, questions remain about how many of these former Intel folks have landed in new jobs. “We are going
If you’re a teacher, the promise of a good retirement pension may have been a selling point when you took the job. But concerns over the funding of these pensions have some wondering whether their benefits will be there for them in full after their last day of work. Critics warn that pensions are at risk of severe underfunding in some states, and righting them hinges on tax increases so local governments can contribute their share. They say some pension funds won’t be able to generate the kinds of returns on investment that they’re banking on to keep them going. And as people live longer, they’re spending more years in retirement—collecting more pension dollars. Some have suggested teachers adopt
The watchdog charged with monitoring how American money is spent in Afghanistan has in recent years identified projects in which hundreds of millions of taxpayer dollars have been wasted or gone missing: More than $100 million in over-budget expenditures to build the Afghan Ministry of Defense building and $150 million blown on luxury residences for members of the task force charged with rebuilding the Iraqi and Afghan economies, for example. The military has been trying to claw back excessive bonuses that the California National Guard paid to about 10,000 veterans – some of whom went on multiple combat tours – according to The Los Angeles Times. The Times says that with ongoing wars in Iraq and Afghanistan 10 years ago, the military was eager to boost re-enlistment and in many cases offered incentives of $15,000 or more that went beyond what was allowed.
Our live blog tracked reaction after a U.S. Judge approved $14.7 billion Volkswagen settlement with owners, regulators over polluting diesel vehicles. Here's what happened. (App users please click here).More From CNBC Top News and AnalysisLatest
Bill Miller, who is best known for beating the S&P 500 Index for 15 straight years, says he has been buying Valeant Pharmaceuticals International Inc. and financial stocks such as OneMain Holdings Inc.Miller said on CNBC that he purchased shares of Valeant
Fannie Mae said on Monday it has launched a program to streamline its underwriting on mortgages for some borrowers that uses electronic data instead of physical proof of their income, assets and employment.
Premiums will go up sharply next year under President Barack Obama's health care law, and many consumers will be down to just one insurer, the administration confirmed Monday. Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25 percent across the 39 states served by the federally run online market, according to a report from the Department of Health and Human Services. "Consumers will be faced this year with not only big premium increases but also with a declining number of insurers participating, and that will lead to a tumultuous open enrollment period," said Larry Levitt, who tracks the health care law for the nonpartisan Kaiser Family Foundation.
In the last year, shares of Under Armour (UA) are down 19% to around $38. Short-sellers crushed the stock after Sports Authority filed for bankruptcy. Under Armour reports third-quarter results on Tuesday. Can UA get investors get back in the game? Investors in Under Armour have had a difficult year, especially after that Sports Authority bankruptcy because the shorts thought UA's product sales would be hurt by the liquidation. In addition, in the second quarter management said it would take an impairment charge of approximately $23 million related to the liquidation. Of the estimated $163 million worth of sales Under Amour expected to come from Sport Authority, management said it would only
Oil prices dipped on Monday, with U.S. crude briefly falling below $50 per barrel, on news of the impending restart of Britain's Buzzard oilfield and Iraq's wish to be exempted from OPEC production cuts. Iraq's oil minister Jabar Ali al-Luaibi said the second-largest producer in the Organization of the Petroleum Exporting Countries (OPEC) wanted to be exempt from output curbs as it needed more money to fight Islamic State militants. OPEC hopes to remove about 700,000 bpd from an estimated global supply of 1.0-1.5 million bpd.
Chanos, who is famous for his previous bets against once high-flying companies like Enron, explained that his fundamental problem with the company is that "you don't see the entire operation of Alibaba." The founder of Kynikos Associates said there's not enough detail about the individual delivery and warehouse companies that distribute items purchased through Alibaba. Chanos said his firm has noticed that some of Alibaba's affiliates have been trying to raise capital. "I would want to know if I'm investing in a $280 billion company that's supposedly on the forefront of the digital revolution of China why it's so cash flow negative and we can't good answers," Chanos said.
Vanguard is the biggest fund company in the land, with more than $3 trillion in assets. So chances are high that many retirement savers have access to Vanguard funds in their 401(k) plans. But size is no guarantee of good results. Thirty-four Vanguard funds appear on a list of the 105 most popular mutual funds in employer-sponsored retirement savings plans. No other fund company comes close. Not surprisingly, of the 34 most popular Vanguard funds in retirement plans, 15 are index funds. And nine more are target-date portfolios—those set-it-and-forget-it funds that shift over time to more conservative allocations as the fund nears its target year. The remaining 10 are actively managed. We didn’t
Global smartwatch sales slid 51.6 percent in the third quarter, amid a steep decline for the Apple Watch ahead of its updated device, a market tracker said Monday. Apple, the largest smartwatch vendor, saw its sales down 71.6 percent. "The sharp decline in smartwatch shipment volumes reflects the way platforms and vendors are realigning," Llamas said.