Houston police say four men found living in a dungeon-like garage told investigators they were held against their will after being lured with the promise of cigarettes and alcohol. (July 19)
Target is launching a first-of-its-kind one-day sale to try and boost back-to-school shopper traffic amid a boycott over its bathroom policy. Target is calling the event #TargetRunDay. It marks the first time Target has ever offered a 10% discount both in stores and on its website.
In Silicon Valley, software engineer is synonymous with eye-watering compensation. While the reality of high-paying coding jobs is not wrong, programming isn’t the only way to climb Silicon Valley’s career ladder, and it’s definitely not the most lucrative. Software engineers were offered an average of $123,000 followed by designers at $115,000 during the second quarter of 2016.
When Warren Buffett buys a stock, the entire financial world wants to know about it. That's because Buffett, Chairman of investment conglomerate Berkshire Hathaway, is arguably the most famous investor of all time. Few investors know the degree to which Warren Buffett is a dividend investor. Over 90% of his portfolio is invested in dividend paying stocks. His top four holdings, which make up over 60% of his portfolio, have an average dividend yield of 3%. You can see Buffett's highest yielding dividend stocks here. Each quarter, Berkshire Hathaway submits its 13F filing to the SEC. Investment institutions file 13F reports each quarter to disclose changes to their investment portfolios. Investors
This week, humans announced the discovery of Proxima b, an exoplanet orbiting Proxima Centauri just four light years away, and began immediately speculating about what life it might host and how to visit. The announcement comes decades after the publication of "evidence" that "Cenos" aliens from a planet in the Proxima Centauri system had already made the trip between our planets. According to this evidence, the aliens are about 8 to 8.5 feet tall, humanoid in shape and five times stronger than a human. Super UFO enthusiast Scott Waring posted the Taiwan sighting, which also seems easily explained as some odd light artifacts in a photograph, but you can judge for yourself by watching the local news report below.
The debate about whether "on-demand" economy workers should be classified as independent contractors (who use IRS Form 1099) or employees (who use Form W-2) rages on, but one startup CEO found that for Silicon Valley venture capitalists, there was a clear preference for 1099s. On-demand startups like ride-hailing Uber or delivery service Instacart generally rely on 1099 workers who aren't technically employees of the company. Last year, the food delivery service Munchery told Business Insider that hiring its drivers as employees instead of contractors adds an estimated 20-30% to cost per hour.
Dell Inc. has officially adopted its new name of Dell Technologies Inc. The Round Rock-based company operated by Denali Holding Inc. made the change on Thursday, according to a Friday filing with the U.S. Securities and Exchange Commission. This has happened before to Austin's largest company. Michael Dell founded his venture in 1984 as PCs Limited. In 1987, he dropped that name to create Dell Computer Corp. When the company started to become more than a computer maker, it went to its simplest name: Dell Inc. That was in 2003. In May, Michael Dell first revealed the new name to represent the company that will be formed by combining Dell Inc. and Massachusetts-based EMC Corp. (NYSE: EMC). The
Sears Holdings (NASDAQ:SHLD), which booked another loss in the second quarter, has received interest from a variety of companies eyeing the floundering retailer’s familiar appliance, tool and auto brands. The Illinois-based company has grappled with challenges at Sears and Kmart, two chains that struggling to turn things around in a tough environment for retailers. Sears is facing some broader issues.
After decades of red ink, U.S. airlines have gotten their financial houses in significantly better order. And while this new wherewithal certainly won’t mean more legroom or free checked bags, some carriers are exploring inexpensive ways to make flying economy class a smidge less arduous. These modest steps follow years of “densification” at the back of the plane as carriers sought to boost profits by adding seats and crunching knees. At the same time, travelers at the front of the plane were courted with ever-increasing opulence. While a seat-count reduction for the less fortunate isn’t in the cards, those free movies may be sufficiently engrossing to make you forget the lack of space or your
Whatever the speed limit, drivers would be physically prevented from exceeding it. The proposal, which comes from the National Highway Traffic Safety Administration and Federal Motor Carrier Safety Administration, does not force older heavy vehicles to add the speed-limiting technology, but the regulators are still considering it. While the news is being welcomed by some safety advocates and non-professional drivers, many truckers said that such changes could lead to dangerous scenarios where they are traveling at much lower speeds than everyone else.
Has Colonel Sanders' nephew inadvertently revealed to the world the secret blend of 11 herbs and spices behind KFC's fried chicken empire? The company says the recipe published in the Chicago Tribune is not authentic. It all started when a reporter visited with Joe Ledington, a nephew of Kentucky Fried Chicken founder Colonel Harland David Sanders.
Brazilian police want American swimmer Ryan Lochte charged with filing a false false robbery report. Meanwhile, Lochte picked up a new endorsement deal after losing all of his major sponsors.
With Republicans gleefully attacking Hillary Clinton over the latest episode in the endless email saga and with new revelations about the coziness between the State Department and the Clinton Foundation while she was secretary of state, the last thing the Democratic nominee needed was a broadside from her left flank. In fact, Stein seems to have Clinton in her cross-hairs more often than she does Republican nominee Donald Trump. Stein’s criticism of Clinton goes beyond the email scandal.
The world's largest brewer, AB Inbev, expects to cut about 3 percent of its total workforce — equivalent to thousands of jobs — once it completes its huge takeover of its closest rival, SABMiller. The company headquartered in Leuven, Belgium, has about 150,000 workers while the London-based SABMiller claims to have around 70,000. It expects losses at SABMiller's current headquarters, as the new company will be based in Leuven and New York.
This program last aired Sept. 14, 2015. After telling investors, "There's always a bull market somewhere" every night for over 10 years, Jim Cramer dedicated his show to explaining to Mad Money viewers exactly what the show is designed to do, how to use it and how it has changed over the past decade. "The show has changed over time," Cramer said. In the beginning, Mad Money was largely a show about stock picking, with Cramer opining on dozens of specific investment ideas every evening. But that changed after the Great Recession of 2008. Today, Mad Money is less about picking stocks and more about teaching investors about how the market works so they can make judgments on their own. Cramer said
Left-leaning groups and writers have been arguing for years now that America is looking down the barrel of a retirement crisis. "[T]here's very little evidence for any kind of broad retirement crisis," Kevin Drum of Mother Jones argues, needling this "common view on the left, usually delivered with no evidence." So compiling data, he shows that 401(k)s and other retirement accounts have smoothly replaced traditional pensions, and that future income projections forecast a brighter future for retirees. Careful analysis shows that 401(k)s and individual accounts are still far inferior to traditional pensions for most people, and that the future projection relies on a lot of unrealistically rosy assumptions. Let's start where Drum does, with the idea that American retirement is already in a better position than it's given credit for.
Despite all of the scrutiny and anger directed at Mylan, the maker of the EpiPen allergy treatment, the company's CEO will not say firmly that the price of the drug will be lowered after increasing by about 500% in less than a decade. When asked about the matter, Mylan CEO Heather Bresch told CNBC only that she would be looking forward to working with Washington to find solutions for problems in the US healthcare system. In fact, it's reasonable to assume that — until this week, at least — Mylan would have kept increasing the price of EpiPen through 2018.
There are normal Guinness World Records, like "most dominoes stacked in 30 seconds" and "largest bubblegum bubble blown." And then there are are some obscure ones, like "most apples crushed with the bicep in one minute" and "most functional gadgets on a cos-play suit." The latter honor goes to Julian Checkley, the man inside a totally bonkers Batman suit loaded with 23 working gadgets. Guinness refers to Checkley as a "special creature effects expert," which sounds like an amazing job. Checkley didn't make the 3D-printed hard armor parts of the suit himself, but his company, Order 66 Creatures and Effects, created all the prop gadgets. Here's just a partial list of the gadgets: Bat-sign projector,
Hedge fund manager Bill Ackman told CNBC on Friday he was approached indirectly by Carl Icahn to purchase the billionaire's stake in Herbalife (HLF) — Ackman's longtime short target. Herbalife (HLF) shares slumped about 4.5 percent Friday after Ackman made his comments. The Pershing Square Capital Management founder confirmed the gist of a Wall Street Journalreport that Icahn was considering selling his stake in Herbalife to a group including the nutritional supplement firm's arch-nemesis Ackman.
Yemeni Shiite Houthi rebels have reportedly fired missiles targeting Saudi Aramco, allegedly damaging the oil giant’s facilities in southwestern Saudi Arabia on Friday, according to local Houthi-affiliated media, with no confirmation from Saudi officials or Aramco itself. Yemen is the site of a proxy war between Saudi Arabia and Iran, and Iranian media were the first to report on the Houthi claims coming out of Yemen. In February 2015, the Houthi rebels forced President Abd-Rabbu Mansour Hadi to flee to Saudi Arabia, Yemen’s neighbor to the north.
Altria Group, Inc.’s MO board of directors recently announced an 8% hike in its quarterly dividend to 61 cents per share. The new dividend will be paid on Oct 11 to shareholders on record as of Sep 15, 2016. The annualized dividend now amounts to $2.44
After years of not setting aside enough money, state pension funds are looking at a $1 trillion shortfall in what they owe workers in benefits, according to a new analysis from The Pew Charitable Trusts. State retirement systems caught a break with strong investment returns in fiscal 2014, but the gap is expected to top $1 trillion in fiscal 2015, the last fiscal year with full results. "The lesson here is that state and local policymakers cannot count solely on investment returns to close the pension funding gap over the long term," the report said.
A shed replica of the Millennium Falcon cockpit from Star Wars has been vandalised during a raid on a charity-run farm. All of the windows on the shed - a finalist in the national Shed of the Year competition - have been smashed. A bird was also found dead in an aviary following the raid at Stonebridge City Farm in Nottingham. Staff believe it could have died of fright. It is the second time the farm has been targeted over the past few days. Marie Rogers, the farm's manager, said the Star Wars shed was in the play area and used by children who "loved" it. She said: "Everybody's devastated, we work a lot with adults with disabilities and others who work hard to maintain the farm. "It's mindless
Exelixis, Inc. EXEL is a Medical-Biomedical/Genetics company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front
The subsidies Uber grants its drivers was the main reason for the loss, finance head Gautam Gupta told investors in a quarterly conference call, Bloomberg said, citing sources. The company lost about $520 million in the first quarter of the year and another $750 million in the second quarter, Bloomberg said. Uber, which is now valued at roughly $69 billion, lost at least $2 billion in 2015, the report said.