Month: May 2018

Delta Air Lines is investing $1.9 billion in terminal renovations at Los Angeles International Airport over the next five years. “We’re out of capacity,” CEO Edward Bastian told CNBC’s Phil LeBeau on “Power Lunch” on Thursday. “We can’t bring any more customers through until we redevelop the terminals and the experience for the local Angelenos.”
0 Comments
With an entire generation on the cusp of retirement, the rules governing retirement plan administration need to be modernized to make it easier for employers to offer savings programs for the men and women they employ. In particular, the Employee Retirement Income Security Act of 1974, also known as ERISA, should be updated to facilitate
0 Comments
The sketches were featured in A.A. Milne’s famed series of children’s books chronicling the adventures of Winnie the Pooh and have not been seen in more than half a century. The most noteworthy of which includes a 1926 sketch of the original map of the fictional “Hundred Acre Wood” mentioned in the books, which is
0 Comments
Cunningham, a professor at George Washington University, released the original edition in 1995 but the fourth and most recent edition, published in 2015, incorporates fresh material, including Buffett’s 50th anniversary retrospective. While Buffett says that this book is most representative of his investing philosophy, he also points out that all of his original letters to
0 Comments
Conservative politician and U.K. government minister Ian Duncan dubbed the excuses “shocking and pathetic,” while Amanda Mackenzie, CEO of responsible business organization Business in the Community, said that “you might think it’s 1918, not 2018. It (the list) reads like a script from a comedy parody, but it’s true.” However, Mackenzie remained optimistic that a
0 Comments
Investors betting on buying in bulk have been rewarded this year. Shares of wholesale retailer Costco have jumped more than 7 percent this year, outperforming retail stocks and the broader market in that time; the S&P retail ETF (XRT) has risen more than 4 percent in 2018. Some strategists say the stock can continue to
0 Comments
Shannon Stapleton | Reuters A man enters a Dollar Tree discount store in Garden City, New York. Discount store operator Dollar Tree on Thursday reported first-quarter same-store sales that missed analysts’ estimates as performance at its namesake and Family Dollar banner lagged due to colder-than-normal spring weather. Sales at established stores open for more than
0 Comments
Dollar General missed Wall Street forecasts for same-store sales on Thursday as the discount store chain faced weaker demand for apparel and home products because of cold weather. The news drove the company’s shares down 6.4 percent to $90.35 in premarket trading. Customer traffic at established stores was hit by unseasonably cold and damp weather,
0 Comments
The U.S. is the best place for investors to put their money, according to Bessemer Trust’s Rebecca Patterson. In fact, she said the U.S. market has been overweight from a combination of added stimulus from tax reform, a February spending package that filters into government agencies and global turmoil that benefits the U.S. market. “We’ve
0 Comments
AT&T CEO Randall Stephenson said Sprint and T-Mobile will have “a tough hill to climb” to get merger approval from U.S. regulators. “It’s a classic horizontal merger where they are taking a competitor out of the marketplace,” Stephenson said. “Power to them if they get it done.” The comments are Stephenson’s first on the deal
0 Comments
Source: Sotheby’s International Realty | YouTube The childhood home of Jacqueline Kennedy Onassis in McLean, Virginia. The government Saudi Arabia just bought the sprawling Virginia estate that was once the childhood home of Jacqueline Kennedy Onassis. The purchase price: $43 million, according to a report in the Wall Street Journal. The estate, called Merrywood, in
0 Comments
Fabian Bimmer | Reuters Workers of German steel manufacturer Salzgitter AG stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018. Digital infrastructure and digital inclusion, O’Reilly added, will be core to providing those in rural and underprivileged areas access to better tools for education, financial literacy, and business opportunities.
0 Comments