Month: September 2017

U.S. money manager Invesco may announce a deal to purchase Guggenheim Partners’ exchange-traded fund business on Thursday, the Financial Times reported on Wednesday, citing two people familiar with the matter. Invesco is expected to pay between $1.1 billion and $1.3 billion in cash for the purchase, which has yet to be finalized, the newspaper said,
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Singapore landed the top spot for the third year running in 2017, thanks to its strong performance across the full range of economic, experience and family criteria. The city scored especially highly with regards to improving earnings and job prospects. The average annual salary comes in at $117,904. This is $18,000 higher than the average
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Nike delivered a mixed bag of results on Tuesday, posting strong sales growth in its international geographies, particularly China. But North America wholesale revenues continued to decline into the fiscal first quarter. In a competitive retail environment, Nike has been seen as racking up expenses, favoring discounts and heavy spending to grow its direct-to-consumer business.
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Kohl’s CEO Kevin Mansell will retire in May 2018, having served 35 years with the department store chain, the company announced Tuesday. Kohl’s shares were falling less than half a percent in premarket hours on the news. Chief Merchandising and Customer Officer Michelle Gass will take on the chief executive role next year, Kohl’s said.
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Most Americans would rather not shell out extra cash to their bank in overdraft fees. Sadly, many still do. Altogether, Americans paid $15 billion in fees for bounced checks and other overdrafts last year, the Consumer Financial Protection Bureau has said. Almost half of Americans who’ve had a checking account have been charged an overdraft
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The year hurricanes Katrina and Wilma devastated Florida and Louisiana, Bill Begal’s property restoration and cleanup business took in more than $10 million in revenue. An average year, by comparison, could bring in up to $4 million — not bad for a company bootstrapped inside a family dry-cleaning store more than 20 years ago. “Flooding
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While Olive Garden’s same-store sales grew 1.9 percent in the first quarter, its 12th-consecutive quarter of positive growth, they fell short of Wall Street’s expectation of 2.5 percent, according to StreetAccount. Darden said that Olive Garden’s same-store sales would have been up 2.2 percent if not for Hurricane Harvey. Darden’s Bahama Breeze also saw same-store
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German industrial group Siemens is likely to decide on Tuesday to pursue a multibillion-dollar rail merger with French rival Alstom rather than Canada’s Bombardier, two sources familiar with the matter told Reuters. The three major train and rail technology groups active in Europe have been looking at combining their businesses as larger Chinese state-backed rival
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Check out the companies making headlines after the bell: Red Hat‘s stock jumped more than 4 percent in extended trading after the company posted better-than-expected second quarter results. Facebook shares were little moved in after-hours trading after a new Washington Post report said that Russian operatives used ads on the social network to foment antagonism
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John Leyba | The Denver Post | Getty Images The Dallas Cowboys owner, president and general manager Jerry Jones The controversy over the National Football League and President Donald Trump over the weekend has cast a spotlight on the earnings of the top players. But the big bucks from the NFL continue to flow to
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Uber Chief Executive Dara Khosrowshahi admitted the firm “got things wrong” Monday in a plea to London after the ride-hailing app was stripped of its license to operate in Britain’s capital city. “While Uber has revolutionized the way people move in cities around the world, it’s equally true that we’ve got things wrong along the
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Courtney’s client isn’t nearly as diversified as one might imagine. By having money spread out in different funds tracking the Russell 1000 index, “it makes it seem like you’re diversified,” said Courtney. “But they’re all behaving the same way.” Anything that creates trouble for large firms will impact the client’s entire portfolio. That’s fine in
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