Dell just announced that it has agreed to buy back the VMware tracking stock from the EMC acquisition. Part of the EMC deal was a payout to shareholders based on VMware tracking stock. VMware was a key part of the deal in that it was one of the more valuable pieces in the EMC federation of companies.
The latest big Silicon Valley tech employers to reveal how much they pay a typical worker are TurboTax maker Intuit Inc. and Guidewire Software, which makes back-end software for insurance companies. Like most of the region's biggest technology employers
Verizon had said that about 10,400 employees will leave the company by the middle of next year as part of its voluntary separation program. Verizon, which had 152,300 employees as of quarter ended Sept. 30, has been looking to cut costs as it ramps up investment in its next generation 5G network, which is expected to fuel its future growth.
Germany has become a popular destination for American retirees due to its reasonable costs, excellent healthcare system and well-kept infrastructure. As any financial advisor will tell you, one of the most important factors to consider when building a retirement plan is your cost of living. Like any other country, how much money you’ll need to live in Germany will depend on the city you choose.
Lowe’s Companies said Monday that it will close 51 underperforming stores and other locations, including 20 stores in the U.S., as part of its plan to focus on its most profitable stores. The stores being closed in the U.S. are located across 13 states
Most people think they’re above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.
Here’s where they are today.The Family The Mastermind: Bernard Madoff The 80-year-old disgraced financier, whose epic scam started as early as the 1970s, is serving a 150-year sentence at a medium-security federal prison in Butner, North Carolina. He pleaded guilty to fraud in 2009. By now, Irving Picard, the trustee overseeing the firm’s liquidation in bankruptcy court, has recovered about 70 percent of approved claims, or $13.3 billion, with settlements such as a $162 million deal with the owners of the New York Mets back in 2012 and, just this year, a $280 million accord with the hedge fund operator and philanthropist J. Ezra Merkin. In the end, Madoff expressed regret -- for pleading guilty so quickly.
Art Cashin, UBS director of floor operations, speaks with CNBC's "Squawk Alley" on the slipping stock market.
While many high-flying stocks have fallen to earth, McDonald's has been gaining ground. As investors turn away from aggressive investing and back to classic standbys, McDonald's could end up being a market leader as its historical resilience in tough markets and forward-looking remodeling plans garner attention, analysts say. "MCD is the only 'defensive' restaurant stock in our coverage, as demonstrated in both stock and fundamental performance, at a time when defensiveness should matter more," Morgan Stanley analyst John Glass wrote in a note explaining his bullishness on the stock.
Then came the central bank governor’s shock resignation. Urjit Patel quit on Monday citing personal reasons, a decision that some investors took as a new fissure in the Reserve Bank of India’s relationship with Prime Minister Narendra Modi’s government. Reaction was swift, with rupee non-deliverable forwards weakening.
Boeing unveiled a new luxury VIP business jet model for its massive new 777X widebody jet. Boeing said it plans to launch a 777X VIP luxury business jet that can fly more than half way around the world nonstop – farther than any business jet ever built. "Our most exclusive customers want to travel with the best space and comfort and fly directly to their destination," said Greg Laxton, head of Boeing Business Jets.
T-Mobile US Inc.'s 2013 acquisition of MetroPCS provides a roadmap for the company's planned Sprint takeover. Chief Financial Officer Braxton Carter detailed the Bellevue-based wireless company's strategy if its $26.5 billion Sprint bid is approved by federal regulators. It was shutting one network down and extracting some assets (from) that network to enhance the T-Mobile network," said Carter, in a transcript filed with the Securities and Exchange Commission.
Canada Goose Holdings Inc., the trendy maker of premium parkas, has tumbled almost 20 percent over the past four days. At the same time, Bosideng International Holdings Ltd., a Hong Kong-based downy apparel maker, has jumped nearly 13 percent to a five-year high. The detention of Huawei’s Meng Wanzhou last week has affected Canadian companies, causing Canada Goose’s share price to slump, the official Weibo account of a website backed by state-run Global Times said Tuesday.
Naming a trust as a beneficiary of your retirement account can help protect heirs who are minors, disabled or vulnerable to creditors. Failing to correctly structure your trust could accelerate the liquidation of your IRA, resulting in a massive taxable distribution. Remember: Trusts only need $12,500 of taxable income in 2018 ($12,750 in 2019) in order to be subject to the top tax rate of 37 percent.
General Electric shares closed below the $7 level for the first time since March of 2009 and remained under pressure on Monday. Wall Street analysts continue to debate the company’s capital position and debt pile. CEO Larry Culp, on the job just about six weeks, is attempting his own damage control, telling CNBC last month that there is an “urgency” to sell more assets.
Jim Cramer argues that the market's lack of conviction is perfectly captured by the movements in shares of Apple.
Clorox said Monday that Dawn Willoughby, executive vice president and chief operating officer, has resigned, effective Jan. 4, 2019. The fact that Willoughby didn’t make a presentation to shareholders at last month’s Clorox (NYSE: CLX) annual meeting, as she has done in the past, may have signaled that changes were underway. “After 18 years with the company, Dawn took stock of her career and life holistically and felt it was the right time for her to make this decision,” Clorox spokeswoman Naomi Greer said.
Around this time of year, many taxpayers begin the annual ritual of pondering The Big Question: Do I take the standard deduction or spend time hunting for receipts and filling out extra forms to itemize? The decision largely boils down to whether itemizing will reduce your taxable income more than the flat, no-questions-asked standard deduction will, thus saving you money. Generally, that means that a married couple filing jointly, for example, would now need to cobble together at least $24,001 in various tax deductions for itemizing to lower their tax bill more than taking the standard deduction would.
The Dow Jones Industrial Average was rising for a second day and moved back into positive territory for the year. tumbled 23.2% on Tuesday after its client growth disappointed Wall Street. jumped 15.4% after the shoe retailer posted fiscal third-quarter earnings that topped forecasts and the company lifted full-year guidance.
“The consensus overwhelmingly expects a rate hike next week,” Dutta said. Dutta explained a few reasons for his argument for the Fed to skip a December hike including abating inflation pressures, slowing global growth, and increasing market volatility. Investors currently see a 73.2% chance of a rate hike following the December Fed meeting, according to the CME.
Suze Orman is one of those singular personalities in the financial business who seems to be right on the pulse of everyone she meets. She’s written books, starred in her own television show and made innumerable appearances in person. Like Oprah
The path of the business of Canadian cannabis has proven to be a road strewn with pitfalls, from debt-loads to supply issues to an effort to expand before legalization expands beyond the opportunity at hand. Investors watch with interest as the nomination of William Barr to the position of Attorney General (a position Barr previously held 25 years ago) develops.
If the financial independence, retire early (FIRE) movement is any indication, early retirement is consuming a larger and larger portion of the American psyche. FIRE retirement practitioners aren't waiting until 65 to retire. Instead, they're retiring early by achieving financial independence (when your money makes enough money that you no longer need to work) decades before conventional wisdom says they should be able to retire.
A proposal to reduce tariffs on cars made in the U.S. to 15 percent from the current 40 percent -- bringing the U.S. back in line with what other countries pay -- has been submitted to China’s Cabinet to be reviewed in the coming days, according to people familiar with the matter. Shares of carmakers including Daimler AG, Ford Motor Co. and Tesla Inc. rose on the news. While reversing the retaliatory duty is a major climb-down by Beijing, it could re-focus the two sides toward implementing the trade-war truce agreed earlier this month.
If you’re looking for a tax-friendly retirement, Nevada is one of the places to be. Withdrawals from retirement accounts and public and private pension income are also not taxed. To find the best places to retire in Nevada, we looked at a few important factors.