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  • Money does by happiness after all

    A new study found that people who paid others to do their “unenjoyable tasks” were more satisfied with life. Yahoo Finance’s Alexis Christoforous, Rick Newman, and Justine Underhill discuss what they’ve spent to get out of their own unenjoyable tasks.

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  • GM to Consider Axing Six Models to Combat Slumping Sales, Avoid Plant Layoffs
    Business
    The Street5 hours ago

    GM to Consider Axing Six Models to Combat Slumping Sales, Avoid Plant Layoffs

    United Auto Workers President Dennis Williams said the union is working with General Motors (GM) to avoid layoffs as U.S. auto sales slump, AutoBlog reported. GM is considering producing more trucks and SUVs while killing off six slow-selling models produced at underused car plants such as Hamtramck in Michigan and Lordstown in Ohio. It's unclear if the plants will start producing newer, more popular models. Watch: Are you driving one of GM's most popular crossovers? GM has cut shifts at several of its U.S. plants as inventories of small and midsized cars grow. If GM stopped producing the six models under consideration, it wouldn't happen until 2020. The models at risk are the Chevrolet Volt,

  • Seagate Technology CEO Stephen Luzco steps down amid dismal earnings, job cuts
    Business
    Silicon Valley Business Journal5 hours ago

    Seagate Technology CEO Stephen Luzco steps down amid dismal earnings, job cuts

    Seagate CEO Stephen Luczo said he’s stepping down, after the Cupertino-based data storage company reported earnings that sharply missed Wall Street’s expectations. The company said it would also cut 600 jobs globally. Shares plunged 16 percent on Tuesday following the news. It's been a challenging year for Seagate. The company’s stock had been trading at roughly $50 per share in late April, ahead of its previous earnings report, which also disappointed Wall Street. The stock opened Tuesday around $33 per share, representing a loss of 33 percent since April alone. In its most recent quarter, Seagate said it pulled in $2.41 billion in sales, short of a Thomson Reuters consensus estimate of $2.56

  • Starbucks Has a Disturbing Problem: Even Its Cheerleaders Must Admit This Is a Major Issue
    Business
    The Street5 hours ago

    Starbucks Has a Disturbing Problem: Even Its Cheerleaders Must Admit This Is a Major Issue

    If you listen to Starbucks (SBUX) execs, then everything at the coffee giant is amazing.  Do some work in Microsoft (MSFT) Excel (as the analysts at Credit Suisse did below on Wednesday), and a glaring issue comes to light. That is, for all its digital leadership and ability to crank out new, more expensive drinks, Starbucks sales are on a long-term downtrend. Seeing as employee hourly wages and benefit costs are on the rise, as are costs to open new locations, a stubborn downtrend in sales is very unwelcome. It's especially unwelcome as most on Wall Street remain obsessed with Starbucks' growth prospects -- they could be in for some unfortunate surprises on the bottom line over the next year