A sheriff says his deputies did not intentionally burn down a California mountain cabin where fugitive ex-police officer Christopher Dorner is believed to have died. (Feb. 13)
The Boeing 747 revolutionized air travel and ushered in the era of jumbo jets back in the 1970s, but these days it is often used to carry packages, not people, and its future is uncertain. The hump-backed behemoth got a boost Thursday, however, when UPS announced it has ordered 14 Boeing 747-8 cargo freighters and took an option for another 14. Neither Boeing nor UPS disclosed terms of the sale.
Exclusive, exschmoosive. T-Mobile really wants you to know that Verizon's "exclusive" to sell the red-hot Google Pixel phone isn't an exclusive at all. "Don't let the 'exclusive' advertisements fool you, the Pixel phone is tested and proven to be fantastic on our lightning fast network, and we want to help you get the best of both worlds!" said the carrier's CEO John Legere in a statement. To back up his words the company has a new limited-time offer: bring in an unlocked Pixel purchased from Verizon, Google or another vendor, sign up for T-Mobile's "One" plan, and get up to $325 cash back, equivalent to half the price of an unlocked 32GB Pixel. The money doesn't arrive in a lump sum, but over
With his construction savvy and her design talents,Tarek and Christina El Moussa of HGTV's "Flip or Flop" seem to have the right formula for flipping houses for big profits. No wonder people are excited to attend classes to learn the Orange County couple's secrets. Flip or Flop is the second-most-popular show on HGTV, watched by 2.8 million Americans, many of whom dream of imitating Tarek and Christina's success. But when flipper hopefuls show up for what are advertised as free events, they are pushed to purchase courses and software that cost thousands of dollars, The Associated Press reported. The company that runs the Success Path classes, Zurixx LLC of Utah, is accused by some attendees of
By Deborah M. Todd CUPERTINO, Calif. (Reuters) - Apple Inc unveiled a revamped MacBook Pro on Thursday, adding a fingerprint reader, replacing function keys with a small touch screen and raising prices by several hundred dollars. The first redesign in several years is a sign Apple still sees a role for the product that launched the company, even though its iPhone has become the flagship product. Ben Bajarin, an analyst at Creative Strategies, described the changes as "important incremental upgrades" which would convince people with old Macs to trade up to the smaller, faster model.
The self-made millionaire refuses to play by anyone else's rules, particularly when it comes to saving money. "I would never, ever invest money in a 401(k)," Cardone tells CNBC. The popular retirement plans are "traps that prevent people from ever having enough," Cardone writes on his website.
I'm growing so tired of the recent trading-range action that I was hoping a bit too much that the negative reaction to Apple (AAPL) earnings and the weak action in small-caps might trigger some downside momentum. What happened instead is that the indices bounced right back and are barely unchanged. (Apple is part of TheStreet's Action Alerts PLUS portfolio.) Breadth is still dicey at 2,600 gainers to 3,900 decliners and the small-caps indices are hanging on by their fingertips to support, but the S&P 500 is showing just a minor loss. It still isn't a very good setup for buying, but the story of this market has been -- and still is -- a lack of momentum in either direction. One question we were
McDonald's turnaround is facing a major roadblock. The email was summarizing a September meeting between McDonald's executives and franchise leaders. McDonald's did not immediately respond to Business Insider's request for comment on the documents.
When looking into retirement plans and goals, you may stumble upon the “4% rule.” This is a guideline for spending down your savings so your money will last your whole retirement: The first year you retire, you can safely spend 4% of your savings. Wade Pfau, professor of Retirement Income at American College and founder of retirementresearcher.com, argues against using the 4% rule, saying that it is somewhat antiquated. One problem with it, Pfau explains, is that it is meant for for a 30-year retirement.
CenturyLink Inc (CTL.N) and Level 3 Communications (LVLT.N) are in advanced talks to merge, according to people familiar with the matter, in a deal that would create an enterprise telecommunications player worth more than $50 billion, including debt. It would combine Level 3's enterprise services with CenturyLink's network that provides Internet and telephone offerings to millions of customers. CenturyLink and Level 3 declined to comment.
Donald Trump is the subject of an honors course at Penn State this fall. So how will the students studying the GOP presidential nominee cast their ballots on Election Day? WSJ's Shelby Holliday visited State College, Pa. to find out. Photo: Associated Press
When news of the Wells Fargo scandal broke in September, the crushing anxiety that Angie Payden experienced as a banker there three years ago came rushing back. As a Wells Fargo banker, Payden told Business Insider she had "impossible" sales goals to reach. Richele Messick, a spokeswoman for Wells Fargo, told Business Insider that if this were the case, it would have to be determined on an individual basis.
Looking for a career change that might involve farmhouse furniture, Christmas decorations, and plenty of bakery goodies? Magnolia Market, Joanna Gaines' furniture retailer and bakery located at the Silos in Waco, is hiring more staffers to join their teams for the holiday season, the brand announced on Instagram. If you have a knack for preparing tasty treats, for example, Magnolia Flour is looking for bakery sales associates and a baker.
Realty Income Corporation (O) disappointed investors with its latest earnings call. The poor results were announced after shares gave up some of their gains for the year. The company reported a 7.1% year-over-year increase in revenues, which rose to $277.2 million in the third quarter. That was slightly above analysts’ $264.8 million revenue expectations. Higher revenues did not help the company’s funds from operations, which were 1 cent worse than expectations at 72 cents per share. A decline in occupancy rates may have been the culprit in the weak results; occupancy fell from 99.3% a year ago to 98.8% by the end of the third quarter. Weak FFO did not stop management from raising their fiscal
For more than a year Energy Transfer Equity (NYSE:ETE) wanted nothing more than to buy control of Williams Companies (NYSE:WMB) to bolster its energy infrastructure empire. However, the deepening of the energy market downturn, combined with leverage concerns and tax issues, changed its mind. That debacle caused a significant slump in the value of both companies, which is enticing many investors to consider adding one of them to their portfolio. That said, while both companies have their merits, one stands as the better choice right now for long-term investors. Battle of the balance sheets As mentioned, one of the reasons the merger between Energy Transfer Equity and Williams Companies fell apart
The acquisition will also help Qualcomm, which provides chips to Android smartphone makers and Apple Inc , reduce its dependence on a cooling smartphone market. With the deal, Qualcomm is taking a big bet on the so-called Internet of Things (IoT), which enables everyday objects such as fridges and cars to communicate with each other.
Troubles in Ford Motor Co.'s home market — including slowing U.S. sales, a massive recall and the difficult launch of new heavy-duty pickups — are hurting the company's bottom line. Ford said Thursday its net income plunged 56 percent to $957 million in the third quarter. The earnings, of 24 cents per share, compared to earnings of 55 cents per share in the July-September period a year ago. Dearborn-based Ford beat Wall Street's expectations, with adjusted earnings of 26 cents per share; analysts polled by FactSet had forecast 20 cents. But that didn't do much to offset concerns that Ford is headed for a rough patch. The company has already announced temporary plant shutdowns in North America
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
Retirees 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 for seniors? Are Social Security benefits taxed? What about other forms of retirement income—including IRAs and pensions? Does the state impose its own estate tax that might subtract from your legacy? The answers might just determine which side of the state border you’ll settle on in retirement. These 10 states impose the highest taxes on retirees, according to Kiplinger’s exclusive 2016 analysis of state taxes. Three of them treat Social Security benefits just like Uncle Sam does—taxing as much as 85%
Tesla (TSLA) shares soared Wednesday after the company posted its second profitable quarter ever and beat analyst expectations for the third quarter by a wide margin. In a conference call Wednesday night, Tesla CEO Elon Musk said the company currently believes the fourth quarter will be profitable excluding non-cash stock-based expenses, and added there is a "chance" Tesla will be profitable even taking those things into account. Tesla said it earned 71 cents a share on an adjusted basis in the third quarter on $2.3 billion in revenue.
(Adds Boeing details, analyst comment, updates stock price) By Nick Carey CHICAGO, Oct 27 (Reuters) - United Parcel Service Inc on Thursday said it expects another record-breaking holiday delivery season this year, but warned
Twitter (TWTR) shares are surging after the company reported better-than-expected performance in the third quarter. Earnings adjusted for nonrecurring items came in at $0.13 per share, smashing expectations for $0.09. Importantly, Twitter reported 317 million monthly active users (MAU) during the period, which was up from 313 million in Q2 and stronger than the 315 million analysts were looking for.
Ahead of Disney (DIS)'s quarterly earnings announcement early next month, one trader is making a trade he hopes will quintuple his money. Examining a daily chart of Disney, Keene points to a "clear bear channel to the downside," though with consolidation around the $90 level, which Keene deems a level of support. Keene calls Disney "over-sold," and sees shares of the media giant heading back to the $100 level the stock saw in July.
Shares of Amazon.com Inc. fell in after-market trading on Thursday after the online retailer reported third-quarter net income that missed analyst expectations. The Seattle-based company said it had profit of $252 million, or 52 cents per share. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share. The online retailer posted revenue of $32.71 billion in the period, which topped Street forecasts. Twelve analysts surveyed by Zacks expected $32.57 billion. For the current quarter ending in December, Amazon said it expects revenue in the range of $42 billion to $45.5 billion. Analysts surveyed by Zacks had expected revenue of $44.7 billion.
Under Armour (NYSE: UA) CEO Kevin Plank said his company still has plenty of room to grow, despite concerns about the company's slowing sales. On Tuesday, Under Armour's Class A shares saw their worst daily performance since Nov. 12, 2008, amid concerns that the company is losing steam , especially in its biggest market, North America. While that figure was up 22 percent from the year-ago period, it was Under Armour's slowest sales growth rate since the third quarter of 2010.