admin

More than 100 CSX Corp. employees who were fired or suspended for their use of federally-protected medical leave filed suit Tuesday in Maryland. The suit comes on the heels of a suit that 46 fired employees filed in West Virginia in February, which also alleged CSX disciplined employees for fraud and dishonesty without evidence. “While
0 Comments
In a similar survey from Charles Schwab, respondents were asked how much money is required to be considered “financially comfortable” and “wealthy” in their cities, and the answers varied wildly. To be wealthy in San Francisco, you need a net worth of $4.2 million and in New York you need $3.2 million, the survey found.
0 Comments
With the S&P 500 not far from the firm’s 2018 year-end target, Goldman Sachs says there is still an investment strategy that can outperform. The firm recommended companies with strong prospects for growth at reasonable valuations. “Secular growth stocks [or] companies with the fastest expected growth offer value relative to history,” David Kostin, Goldman’s chief
0 Comments
Check out which companies are making headlines before the bell: Tiffany – The luxury goods retailer beat estimates by 3 cents with quarterly profit of $1.67 per share. Revenue also beat forecasts, and a same-store sales increase of 3 percent was slightly above the consensus estimate of 2.8 percent. Hibbett Sports – The athletic apparel
0 Comments
Tiffany & Co reported a better-than-expected quarterly profit and revenue on Friday, as the upscale retailer sold more jewelry in China and the Americas. The company has been taking numerous steps to turn its business around, which has been marred with several quarters of declining sales, by introducing cheaper silver jewelry as well as everyday
0 Comments
In the span of his career, Li became and remained Hong Kong’s richest man for two decades, according to Forbes. For many years, he was also Asia’s wealthiest. His current net worth is estimated to be $35.3 billion. The self-made billionaire’s ability to build empires out of ordinary businesses earned him the nickname “superman” in
0 Comments
Billionaire Li Ka-shing announced his retirement Friday from the business empire he built over nearly seven decades. Li, 89, will step down as chairman of Hong Kong conglomerate CK Hutchison and property giant CK Asset after the annual general meeting on May 10, the tycoon said. He said he will continue to serve as senior
0 Comments
The CEO of one of the largest cryptocurrency-linked companies in the world, said this week that the “winners” in the booming practice of initial coin offerings will come from the legal community. Initial coin offerings, often referred to as ICOs, are used as a means by some companies to raise funds. Investors exchange digital currency,
0 Comments
With its $700 million acquisition of dietary supplement maker NutraNext, Clorox is making a deliberate stride into its newest target market: vitamins, minerals and supplements, CEO Benno Dorer told CNBC on Thursday. “Two-thirds of the U.S. population use supplements and a lot of consumers, as we age, but also millennials, are looking for a healthier
0 Comments
Shares of Overstock.com dropped in Friday after the e-commerce company reported a sales decline and no significant progress on a potential sale of its retail arm to focus on its cryptocurrency-related business. The stock briefly fell more than 16 percent, but closed about 5.2 percent lower near $45.70, still down 25.2 percent for the week.
0 Comments
Switzerland, Luxembourg and Panama have topped a list of countries seen as being “open for business” in a survey of 21,000 people around the world. Luxembourg, which came first, and Switzerland (second), did well in business terms for their favorable tax environments and transparent governments, while Panama’s cheap manufacturing and its reputation as a tax
0 Comments