More and more westerners end up homeless on the streets of Thailand. Julie Noce reports.
Chesapeake said the resignations of Icahn representative Vincent Intrieri and John Lipinski, board members since June 2012 and June 2014 respectively, were not due to any disagreements. Chesapeake, Icahn and Lipinski were not immediately available for comment. Icahn said last week that Chesapeake's management had done "an admirable job" over the last few years and that he reduced his stake in the company – by 51.6 percent to 4.55 percent – for tax-planning purposes.
If you’ve just bought a new home, chances are you spent quite some time worrying about your credit score. After all, your credit score affects your ability to get a mortgage, and the interest rate you’ll pay on that mortgage. You’ll likely start seeing minor dings in your credit score as soon as you begin applying for mortgages.
Ahead of the first in-person clash between Republican presidential nominee Donald Trump and his Democratic rival Hillary Clinton, stocks around the world traded lower. “Investors are acting extremely nervous with regards to the debate … and it highlights the fact that the markets are not focusing on the health of the economy, interest rates and geopolitical events,” Robert Pavlik, chief market strategist at Boston Private Wealth, told Reuters Monday. In Asia, where many nations risk seeing the Trans Pacific Partnership with the United States disappear after the election, the Shanghai Composite Index in China was down 1.8 percent (China isn’t a signatory to the pact).
Both of Jeep's midsize offerings, the Compass and Patriot, are getting hella old. Instead of flooding the market with two new offerings, Jeep is rolling out just one, and it's using the Compass name. The 2017 Jeep Compass will be an all-new affair, and it will be built in the company's newly established manufacturing facility in Goiana, Pernambuco, Brazil.
Baby boomers, born between 1946 and 1964, are heading into retirement in droves (about 10,000 a day, in fact). Along with the aging of this iconic cohort come lots of data about their poor preparation for their golden years. Insufficient preparedness and lack of financial resources for decades without steady employment paint a gloomy picture for many retirees. Are we facing a Baby Boomer retirement crisis? There may not be an easy answer, but read on for data that helps shed some light into this large generation's economic situation. (For related reading, see: How Baby Boomers Will Change the Way Others Retire.) Baby Boomer Retirement Research GoBankingRates recently published research conducted
Cortec Group is poised to make a killing on its investment in a cooler maker if it successfully goes public. The small private-equity firm could make about $3.3 billion on the initial public offering of Yeti Holdings Inc., which could happen as soon as October, according to a story by The Wall Street Journal's Matt Jarzemsky. Cortec invested about $67 million in Yeti back in 2012, which means it could make 50 times its money in four years, The Journal reported.
Technically Incorrect offers a slightly twisted take on the tech that's taken over our lives. Dear famous person, If we want to be seen with you, we'll turn our backs on you. Please don't be offended. It's just that your fame isn't enough for us anymore. We need to attach ourselves to your fame, so that we can post the resulting picture to Twitter, Facebook and Snapchat. That way, we achieve our own sort of mini-fame. Which could be the maximal fame we ever attain. Please forgive me for this missive to the stars. There's a reason: This astounding picture was posted Sunday on Twitter by Hillary For America design lead Victor Ng. He credited the shot to Clinton campaign photographer Barbara Kinney.
The tone is shifting on Wall Street, where many analysts have gone from taking the U.S. presidential election largely in stride to expressing concern about the lack of investor preparedness. Analysts warned ahead of Monday evening’s first-of-three debate between Democratic nominee Hillary Clinton and the Republican standard-bearer Donald Trump that it could cause turbulence or even sock stocks. After the event was all said and done, financial markets declared Clinton winner of the debate as stock futures rallied, pointing to an upbeat start for Wall Street Tuesday. Goldman Sachs had described the debate in a note Monday as “the biggest matchup since the Mayweather/Pacquiao bout.” (For non-boxing
In a job interview, every little thing matters — from your ability to make eye contact to the color of your suit.So you’ll want to pay extra close attention to what you do with your hands while you’re sitting across from your interviewer.Below, we’ve
Syria and its Russian allies pressed an assault on Aleppo in what the United Nations called the most intense bombing in years of warfare there, and residents said hundreds of civilians had been killed since a cease-fire fell apart last week. Photo: Getty Images.
Just ask intrepid consumer reporter Bob Sullivan, who received his very own debt collection note after simply reaching out to a payday loan company (and alleged phantom debt collector) for a story. For starters, payday lenders don't typically report to major credit bureaus, like Experian, according to the bureau's Director of Public Education, Rod Griffin. "Any debt you enter into contractually you are obligated to repay, even if it doesn't appear in a credit report," Griffin said, and ignoring a legitimate debt could have serious consequences.
A Delta flight from Detroit to Amsterdam had to be diverted to Manchester, England, for two hours Saturday into Sunday after smoke and an unknown smell developed in the passenger cabin. A Delta official and a senior U.S. official told ABC News that the emergency on Flight 138 was caused by a Samsung tablet. The Delta official explained that the tablet fell inside a seat and became jammed after the seat either reclined or was returned to its upright position. Underneath the seat cover, the tablet and foam then started smoking, and passengers could smell a strange odor. The flight was diverted to Manchester, where the seat was replaced. After two hours on the ground, the flight was airborne, en
Jan Brown pores over his royalty statement and wonders where all the money went. A few months ago, the nation's second-largest natural gas producer siphoned $2,201 worth of gas from his 240-acre property — but paid him only $359 after taking deductions for transportation and processing. Brown, 59, who relies on the royalties as his sole source of income, says the deductions are outrageous and claims his lease forbids them.
The pharmaceutical company Mylan, which makes the EpiPen, is now saying it understated the profits it derives from the life-saving allergy drug by 60% in a congressional hearing last week, according to The Wall Street Journal. Mylan paid a 7.4% tax rate last year after moving its business to The Netherlands for tax purposes. The company's CEO, Heather Bresch, was called to the House of Representatives to answer for why her company had raised the EpiPen's price by 500% since it purchased the drug in 2007.
Donald Trump and Hillary Clinton respond to presidential debate moderator Lester Holt's final question on whether the candidates will accept a loss in the election. Photo: Getty
No longer can the average worker count on a defined pension plan to fund retirement. Social Security is estimated to become insolvent in 2034, and surveys show many workers are not saving enough on their own. Beyond that, people are living longer and health care costs are increasing at more than twice the rate of inflation, says Ann Minnium, certified financial planner and principal of Concierge Financial Planning in Scotch Plains, New Jersey.
It's often best for investors to largely ignore the stream of upgrades and downgrades coming from analysts. The worst mistake an investor can make is acting on the opinion of others without doing research of his or her own. It can still be useful to see what analysts are saying, but things like price targets should be taken with a grain of salt. Recently, shares of networking-hardware giant Cisco Systems (NASDAQ:CSCO) received a price-target bump from Deutsche Bank. Citing new growth areas like cloud security, Deutsche raised its price target on Cisco stock to $37, up from a previous target of $35. This new price target implies that shares of Cisco could rise 20%. Is Cisco really worth $37 per
Leading U.S. national wireless carrier T-Mobile US Inc. TMUS recently entered into an agreement with cable MSO (multi service operator) Charter Communications Inc. CHTR to acquire a license of 700 MHz A Block spectrum for Eastern Montana from the latter
Shares of Bank of America (NYSE:BAC) are off to a forgettable start this week, down more than 3% as the closing bell on Monday approaches. An SEC investigation found that Merrill Lynch caused market disruptions on at least 15 occasions from late 2012 to mid-2014 and violated the Market Access Rule because its internal controls in place to prevent erroneous trading orders were set at levels so high that it rendered them ineffective. For example, Merrill Lynch applied a limit of 5 million shares per order for one stock that only traded around 79,000 shares per day. Other trading strategies had limits set as high as 25 million shares, which Merrill Lynch reduced to 50,000 shares after the SEC's investigation began.
The gaming industry has been through a lot of turmoil in the past two years, mainly in the world's largest gaming market of Macau. Gaming revenue in Macau has dropped by half and as new resorts from Melco Crown (NASDAQ:MPEL), Las Vegas Sands (NYSE:LVS), and Wynn Resorts (NASDAQ:WYNN) have been completed, they have spread the revenue that's left among a growing number of resorts. And with MGM Resorts (NYSE:MGM) completing a project next year, the supply problem isn't over yet. But declines in gaming doesn't mean casinos aren't spitting out cash quarter after quarter. In fact, there's some decent value in gaming stocks if you know where to look. Here's how the big four stack up right now. Where
Shares of Oracle Corporation ORCL have witnessed a moderate rise over the last 12 months. The company’s stock provided a return of 8.8% compared to the S&P 500’s 12.0% over the period. While emerging opportunities in the Software as a Service (Saas) and
NEW YORK (TheStreet) -- Shares of Ariad Pharmaceuticals (ARIA) were advancing in late afternoon trading on Monday as Leerink began covering the stock with an "outperform" rating and $20 price target earlier today. "Despite recent strong stock performance, Ariad shares still trade at a discount to other commercial stage oncology biotech companies while the top line is expected to grow above that of its peers with a 35% 2016 to 2018 compound annual growth rate (CAGR)," the firm said. Ariad's brigatinib drug for certain types of lung cancer is "underappreciated" by Wall Street due to its late entry into the market, Leerink said. But the firm said that brigatinib is "well-positioned" to exceed commercial
From 2012 to the end of 2015, the price of gold fell almost 50%. The price of gold is up 26%, more than a 300% premium to the S&P 500's 6% return. Gold's sudden reversal is being driven by the same trend that's driving the U.S. dollar.
Philippine President Rodrigo Duterte said Monday he would seek closer economic ties with China and Russia, as the local currency and stock market extended declines following Western criticism of his deadly war on crime. The peso hit a seven-year low to the dollar on Monday and foreign investors pulled out from local shares for a 23rd straight day, which analysts said was due to growing uncertainty over Duterte's handling of what has been one of Asia's best-performing economies in recent years. "I will open trade alliances with Russia and China so all you other investors, just go.
As the September 26 to 28 “informal” meeting of OPEC producers in Algeria draws near, media speculation could easily cause mental anguish. On oil news websites simultaneous headlines claim OPEC will both fail and succeed in capping output. Called by OPEC August 8, the stated purpose of the gathering was, “OPEC continues to monitor developments closely, and is in constant deliberations with all member states on ways and means to help restore stability to the oil market”.