Nearly two years after an earthquake hit Washington, D.C., work crews have put the final pieces of scaffolding around the Washington Monument, clearing the way for workers to make $15 million in repairs. Erika Gonzalez, WRC-TV reports.
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.
Costco’s marriage to Visa has been rocky pretty much from the start — and this weekend shoppers faced a new problem, despite assurances that issues in the relationship were being ironed out. On Friday evening, a number of Costco members received emails from Citi, the issuer of the new Visa-Costco credit card, alerting them that their credit card accounts had been closed. Citi told Business Insider that Friday’s emails were intended to be sent to Costco shoppers whose memberships had lapsed to alert them they could no longer use their Costco Anywhere Visa cards.
It seems that Starbucks (NASDAQ: SBUX) can put as much ice as it wants in your beverage. "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. "The cups Starbucks uses for its cold drinks... are clear, and therefore make it easy to see that the drink consists of a combination of liquid and ice," Anderson wrote.
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
Pinal County, Arizona, right next to Phoenix, was founded in 1875 and is home to roughly 400,000 people. After Aetna's announcement that it will roll back 70% of its offerings in public exchanges, Pinal County appears to be the only county in the US with a public exchange but zero insurers offering Affordable Care Act plans in 2017. This leaves people that need insurance through the ACA in Pinal County with limited options.
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
Jim Cramer isn't salivating about biotech acquisitions like everyone else. Instead, he says this group is the next fiery group to watch.
Oil's (New York Mercantile Exchange: @CL.1) wild ride is showing no signs of slowing down. After starting the year in the red, crude has rebounded 51% in the past 6-months. But the Street is mixed on whether oil can sustain its rapid rise.
Bill Gates, the richest man in the world, reached a whole new level of wealth Friday, when his net worth hit $90 billion, thanks to “gains in public holdings including Canadian National Railway Company and Ecolab Inc,” Bloomberg reports. The Microsoft founder’s net worth is $13.5 billion bigger than Amancio Ortega, the second wealthiest person in the world, per Bloomberg’s Billionaire Index. Ortega is the Spanish mogul behind fast fashion retailer Zara.
Has T-Mobile finally jumped the shark with its latest "Uncarrier" move? The wireless carrier's industry-shaking announcements, such as eliminating phone subsidies and offering free international data roaming, helped it amass a legion of followers over the last three years. But the backlash was swift and harsh for T-Mobile's Uncarrier 12, which scraps its lineup of wireless plans in lieu of a single unlimited option. Within hours, critics took to the T-Mobile Reddit thread to rant about the changes (they've since been consolidated into one "megathread"). What really ticked people off is that customers who'd prefer a cheaper, limited option have to pay up for the new plan. This marks the first
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.
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.
Rodrigo Duterte, who became president of the Philippines in June, has already made a number of controversial moves, from waging a violent war on drug and crime and publicly accusing individuals of aiding druglords to threatening to leave the United Nations. Photo: EPA
California's ban on the use of suction dredges to extract gold from rivers is legal and not overridden by a 19th century federal law that allows mining on federal land, the California Supreme Court ruled Monday. The court's unanimous decision was a victory for environmentalists and a blow to miners, who argued that the ban essentially stopped gold mining because doing it by hand is labor intensive and makes the enterprise unprofitable. Environmentalists say suction dredge mining risks killing fish and stirring up toxic mercury.
The U.S. Trade Representative has upheld an import ban on Arista Networks Inc's ethernet switches following a federal commission's finding in June that the company's products infringed patents owned by rival Cisco Systems Inc, Cisco said. The decision by the U.S. International Trade Commission (ITC), which investigates purported violations of U.S. intellectual property, stemmed from a complaint Cisco filed in December 2014 about the switches, which are used in computer data centers and servers. In a blog post on the company's website on Monday, Cisco general counsel Mark Chandler said the import ban was to start on Tuesday.
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.
New U.S. single-family home sales unexpectedly surged in July, reaching their highest level in nearly nine years amid robust demand, brightening the housing market outlook and bolstering views that economic growth will pick up in the third quarter. Housing market strength should offset some of the drag from manufacturing, with other data on Tuesday showing production at factories remaining constrained by weak orders. "A very rosy picture is beginning to emerge on the housing market, pointing to sustained buoyancy in the sector's recovery, which remains one of the few bright spots for the U.S. economy," said Millan Mulraine, deputy chief economist at TD Securities in New York.
Though Costco (NASDAQ:COST) may be known for "frills" like above-average employee pay, when it comes to managing its balance sheet, it is ruthlessly efficient. This can be observed in the company's inventory turnover ratio, or the number of times it sells its average level of inventory over the course of a year. What is inventory turnover? The inventory turnover ratio can be defined as the amount of inventory sold, divided by average inventory during the period. With Costco's financials in hand, one can quickly calculate its inventory turnover ratio with just three pieces of data, shown below in the table. Our numerator for this ratio is $101,065, or the cost of goods sold in 2015 in millions
Donald Trump's campaign is taking up more space inside Trump Tower in New York -- and paying a lot more in rent. The Republican presidential nominee's campaign paid $35,457 per month for rent and utilities to Trump Tower Commercial LLC between last August and this April, Federal Election Commission reports show. The rent hike at the Manhattan skyscraper came as the Trump team expanded from using only the fifth floor to add two additional levels, according to a statement Tuesday from the campaign.
Donald Trump is notoriously thin-skinned. And when provoked, he tends to overreact wildly. His latest fit of pique is over comments that Mika Brzezinski of MSNBC’s Morning Joe made about a speech Trump gave in Virginia a few days ago in which she said
Delta Air Lines Inc. offered its 13,000 pilots a raise of about 27 percent over four years, significantly less than what the employees have proposed in contract talks that have lingered since the beginning of the year. The carrier’s offer was disclosed in a letter Sunday to pilots from John Malone, chairman of the Delta chapter of the Air Line Pilots Association, which is asking for a 37 percent raise over three years. The union has taken an aggressive stance in negotiations with the Atlanta-based airline, saying that the carrier’s profits justify the reversal of pay and benefits cuts adopted in the early 2000s. “Delta is committed to reaching a timely new agreement that is market-based, sustainable, and that also ensures Delta pilots have an industry-leading package of pay, benefits and work rules,” Morgan Durrant, a spokesman for the airline, said in an e-mail.
As of August 16, Boeing Co. (NYSE: BA) has taken net orders totaling 38 for its four wide-body jets: the 747, 767, 777 and 787. The company guided full-year orders for all its commercial planes at 535 and wide-body orders totaling 215. To date, the company has booked 335 orders, of which 297 are for the narrow-body 737. With just over a quarter of the year remaining, Boeing has taken orders for less than 20% of the wide-body planes it has forecast. The company has begun walking back its planned increase of 787 production, currently 12 per month, to 14 per month by the end of the decade. In Boeing’s conference call discussing second-quarter results, CEO Dennis Muilenburg said: Our principle here
Warren Buffett-led conglomerate Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) has the most expensive publicly traded stock in the world. While the massive Class A shares have never split in the company's history, the company created Class B shares and has since split them 50-to-1 in order to make Berkshire accessible to all investors. Berkshire Hathaway pre-1996 Berkshire Hathaway class A shares were the only ones in existence until 1996. The A shares currently trade for about $223,000 apiece, and they have been an unusually expensive stock for decades. For a while, Warren Buffett was adamant that the company's shares would never split. And technically, Buffett has been true to his word: Berkshire's
Much has been said and written about Donald Trump 's refusal to release his tax returns. Tax returns paint a revealing picture of who we are. But nothing prevents us as taxpayers from choosing to release our tax returns — and those who aspire for the highest public office have done so for decades.
Five years ago this week, Apple (NASDAQ: AAPL) CEO Tim Cook was handed an unenviable task — taking the helm of the company from terminally ill founder Steve Jobs , one of the iconic personalities of the age. "Historically, founder-led companies go through existential crises after the founder is gone," said Asymco analyst Horace Dediu. Apple's stock is up 105 percent since Cook stepped into the CEO role, but has slid 3 percent over the past year.