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  • Money Basics: What is an annuity?

    Annuities offer the promise of a fixed payout in retirement, but the investment does come with some drawbacks.

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  • Berkshire and Elliott Face Rival $9.3 Billion Oncor Bid
    Bloomberg 12 hours ago

    Berkshire and Elliott Face Rival $9.3 Billion Oncor Bid

    A mystery third bidder has emerged for Oncor Electric Delivery Co., making a $9.3 billion offer for the Texas utility to compete with rival bids by Berkshire Hathaway Inc. and Elliott Management Corp., a person familiar with the matter said. The emergence of a third suitor for Oncor intensifies a billionaires’ battle for the biggest power distributor in Texas. Warren Buffett’s Berkshire has offered $9 billion for the company while Paul Singer’s Elliott has been working to pull together a deal that may total $9.3 billion. A deal for Oncor is key to ending the bankruptcy of its parent, Energy Future Holdings Corp., which has been restructuring almost $50 billion of debt for more than three years.

  • Infosys Offers to Buy Back $2 Billion of Shares as CEO Quits
    Bloomberg 5 hours ago

    Infosys Offers to Buy Back $2 Billion of Shares as CEO Quits

    Infosys Ltd. approved a 130 billion rupees ($2 billion) share repurchase to improve returns for stakeholders of the Indian software exporter a day after Chief Executive Officer Vishal Sikka quit amid heightened tensions between the board and founders led by ex-Chairman N R Narayana Murthy. The company’s first buyback comes as cash and investments swelled to about $6.1 billion at the end of June. The meeting to consider the move was scheduled before Sikka announced his decision to resign.

  • One of the ugliest stores in retail is crushing its competition
    Business Insider 17 hours ago

    One of the ugliest stores in retail is crushing its competition

    Ross owns more than 1,500 stores in 37 states under the banners "Ross Dress For Less" and "dd's DISCOUNTS," and it's opening more than 80 stores annually at a time when department stores are losing sales and shutting down hundreds of stores. "Their customers are of an older demographic who have been loyal for years and will not be easily taken over by Amazon," said Eric Ervin, CEO of Reality Shares, an ETF issuer and research firm whose funds own holdings in Ross Stores.

  • MarketWatch 11 hours ago

    How do I cancel 10 credit cards without damaging my credit score?

    When I retired, I had two years of expenses in an emergency fund (it is still there), zero credit-card debt and have lived very frugally on my small pension and Social Security Insurance since then. My FICO score is 780 and the notes on the credit-card report said high limits on multiple cards is a negative. This is not the time to worry about your credit score.

  • Cisco Does Something That Makes Another Tech Stock a Worthy Buy
    The Street 16 hours ago

    Cisco Does Something That Makes Another Tech Stock a Worthy Buy

    Shares of Cisco Systems (CSCO)  closed down about 2% on Thursday, Aug. 18, and closed Friday trading down 2.16% to $30.37 after the company beat on revenue and reported in-line earnings results amid a 4% year-over-year sales drop. There was a different note TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, picked up on, though. Speaking on CNBC's "Stop Trading" segment, Cramer pointed out that CFO Kelly Kramer said DRAM prices aren't going down. Rising DRAM prices show that demand is still strong, and this vital input cost hurt Cisco's gross margins, Cramer noted. However, strong demand and rising DRAM prices is good for companies like Micron

  • Walgreens Tries to Avoid Another FTC Ordeal
    The Street yesterday

    Walgreens Tries to Avoid Another FTC Ordeal

    Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. (RAD) are still hoping to avoid another lengthy go-round with the Federal Trade Commission as they seek antitrust approval for the "Plan B" they unveiled after canceling their merger on June 29. On Thursday, Aug. 17, the pharmacy retail chains said they voluntarily pulled and refiled their antitrust notification with the FTC plans for Walgreens to buy 2,186 Rite Aid stores for $5.2 billion. Rite Aid shares dropped 1.98%, or 5 cents, to $2.23 and Walgreens fell 37 cents, or 0.46%, to $80.89. Refiling antitrust an application gives the commission an extra 30 days to review the transaction without issuing a more burdensome second request for information and is a common maneuver when merging parties that believe they can address a few competition concerns without undergoing lengthy negotiations before regulators.

  • MarketWatch 22 hours ago

    Bad news for the stock market: The Hindenburg Omen is back

    The dreaded Hindenburg Omen is back. As if on cue, the stock market fell sharply on Thursday and is poised for its second weekly loss in a row Friday as doubts mounted over President Donald Trump’s pro-growth agenda after he was forced to dismantle two business advisory councils following the defection of several corporate executives.

  • Walmart Is Preparing Its Employees For the Day When Robots Take Over
    The Street 2 days ago

    Walmart Is Preparing Its Employees For the Day When Robots Take Over

    Walmart Store Inc.'s (WMT) store of the future may appear to be scarily devoid of employees. In reality, humans will still work there, but expect to see more robots. In addition to Walmart starting to use 16-foot automated towers to distribute online orders, scan-and-go technology to replace cashiers and digital screens to answer customers' questions, it may eventually deploy robots to handle inventory. "One thing is for sure, employees will be in different roles," Greg Foran, president and CEO of Walmart, said in response to a question posed by TheStreet on Thursday, Aug. 17 during a media call. "Do I want to have a situation where in every Supercenter I've got a team of associates out in the

  • Like Rats Off a Sinking Ship, Bannon and Icahn Out at White House on Same Day
    The Street 14 hours ago

    Like Rats Off a Sinking Ship, Bannon and Icahn Out at White House on Same Day

    Friday, Aug. 18, was a big day for the Trump administration. Financier Carl Icahn was the latest to leave the Trump stable of advisors, as he stepped down from his presidential advisory role. Earlier in the day, it was announced that Steve Bannon is leaving the Trump administration as its chief strategist, reported the New York Times. TheStreet takes a look at who else has left team Trump. Don't miss these top stories on TheStreet: Amazon Is Absolutely 'Doing Great Damage.' Duh, Mr. President, That's Business Uber Investor Shrugs Off Negative Headlines, Says It's 'Still Killing It' Details Emerge About Facebook's Virtual Reality Glasses Henrik Fisker's All-New $129,000 Electric Car Will Debut

  • Forget sentences your interviewer doesn't want to hear — a word we use every day could sabotage you in a job interview
    Business Insider 2 days ago

    Forget sentences your interviewer doesn't want to hear — a word we use every day could sabotage you in a job interview

    "I" is a tiny, one-letter word, but it can spell big trouble in job interviews. "People who only use the pronoun 'I' in interviews are a washout for us," Liza Landsman, president of ecommerce site Jet.com, tells Business Insider. It's natural to be prepared to talk about yourself in a job interview, but you've got to try to keep the conversation centered on what you can contribute to the team or organization you're looking to join.