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http://www.people.com/article/emile-hirsch-pleads-guilty-assault-15-days-jail | http://web.archive.org/web/20150817215618id_/http://www.people.com/article/emile-hirsch-pleads-guilty-assault-15-days-jail | Emile Hirsch Pleads Guilty to Assault on Studio Exec, Gets 15 Days in Jail : People.com | 20150817215618 | 08/17/2015 AT 05:15 PM EDT
will spend 15 days in jail for
According to multiple reports, the
star pleaded guilty to misdemeanor assault in a Park City, Utah, court on Monday after being accused of violently attacking Paramount Digital VP Daniele Bernfeld at TAO Nightclub on Jan. 25
reports that the 30-year-old actor will spend 15 days in jail, pay a $4,750 fine and do 50 hours of community service. If he completes the sentence, the charge will be dismissed.
"Mr. Hirsch did something inexcusable," said Deputy County Attorney Ryan Stack today after the plea was made and the deal was announced,
Bernfeld said she wasn't pleased with the deal, calling his sentence the "bare minimum" and adding, "I thought I was going to die" when Hirsch attacked her and put her in a chokehold at a party during the Sundance Film Festival.
She's also called Hirsch's actions that night "insanely painful and absolutely terrifying," according to public records obtained by the
Hirsch told police he couldn't remember exactly what happened but admitted to "mouthing off" to Bernfeld and then acting in defense when she accosted him.
"She started kind of causing a ruckus and I sort of started getting intervening and this happened," he said. "I don't think it was much more than that to be honest ... I think she had a go at me and I probably defended myself," he said at the time.
If not for the plea deal, Hirsch could have spent up to five years behind bars. The intoxication misdemeanor also could have gotten Hirsch a $750 fine and 90 days in jail. | Emile Hirsch pleaded guilty to misdemeanor assault on Monday and will face 15 days in jail | 20.1875 | 0.875 | 3 | medium | medium | mixed |
http://www.cnbc.com/2013/11/01/maersk-cma-cgm-and-msc-to-form-ocean-shipping-alliance.html | http://web.archive.org/web/20150819141800id_/http://www.cnbc.com/2013/11/01/maersk-cma-cgm-and-msc-to-form-ocean-shipping-alliance.html | Maersk, CMA CGM, and MSC to form ocean shipping alliance | 20150819141800 | The so-called P3 alliance will give the three carriers control of about 43 percent of the Europe-Asia shipping market, 24 percent of the trans-Pacific, and 40 percent to 43 percent of the trans-Atlantic, according to figures cited by the Federal Maritime Commission, the U.S. agency that regulates ocean-shipping services.
"The fear most shippers are probably going to have is the sheer size of the thing," Simon Heaney of Drewry Shipping Consultants, said in an interview. "Alliances are nothing new, but this is taking it to another tier."
Maersk, based in Denmark; CMA CGA, based in France; and privately owned Mediterranean Shipping, based in Geneva, control about one-third of the world's shipping fleet, according to Drewry. The fourth largest is Taiwanese carrier Evergreen.
Past shipping alliances have been restricted to particular trade routes and economic theaters. The carriers have used such alliances as a selling point with their shipper customers, since the alliance, by pooling equipment, typically allows them to offer more frequent service to more ports.
Say you're a widgetmaker and you regularly ship your product to a retailer in Germany. You typically use X Ship Lines. But if X Ship Lines forms an alliance with Y Ship Lines, your widgets could now get to Germany on a Y Ship Lines vessel. Instead of waiting every two weeks to send your widgets to your retailer, you can now do it weekly. While the widgets may have traditionally been routed via Bremerhaven (because that's where X Ship Lines has a terminal), they can now go via Hamburg (closer to your retailer) because Y Ship Lines has a terminal there.
"Over the years, shippers have certainly benefited from these alliances," conceded Carlton of the NITL, which has 400 members. But in the case of this P3, "we really don't know anything about the economic impact or market impact." | The world's three largest ocean carriers are forming an "alliance" on the trade routes connecting the world's three biggest economic centers. | 14.5 | 0.846154 | 1.384615 | low | medium | abstractive |
http://www.cnbc.com/2015/01/30/3-reasons-to-be-bearish-on-shake-shack.html | http://web.archive.org/web/20150823194303id_/http://www.cnbc.com/2015/01/30/3-reasons-to-be-bearish-on-shake-shack.html | 3 reasons to be bearish on Shake Shack | 20150823194303 | Shake Shack shares closed just below $46 per share after pricing at $21. The company offered 5 million shares, and the volume brought "extreme squeezing to the upside," said trader Steve Grasso.
"I would be very careful in the next couple days and weeks," Grasso said.
Read MoreWhat's next for Shake Shack after monster IPO?
Investors should be wary of chasing the stock after it more than doubled in one day of trading, said trader Guy Adami. The stock could move to $60 per share or higher in the long term but looks less appealing now, he added.
"It's 'greater fools' theory and you don't want to be the last fool," Adami said.
Trader Brian Kelly would also stay away from Shake Shack in the short term, but added that "it's not a bad stock."
Read MoreBurger stock bull market beats market by double
Steve Grasso is long AAPL, BA, CLVS, EVGN, FB, GDX, GOOGL, IMMR, KBH, KDUS, MHY, MJNA, NVIV, PFE, POT, SO, T, TMUS, TWTR and YHOO. His firm is long USO, FCX, NE, NEM, OXY, RIG, VALE, MCD and KO. His kids are long EFG, EFA, EWJ, IJR and SPY.
Guy Adami is long CELG, EXAS and INTC. Guy Adami's wife, Linda Snow, works at Merck.
Brian Kelly is long BTC=, US Dollar, ZBH5, HYG puts, TWTR call spreads and BBRY call spreads. He is short EWA, EWG, EWQ, EWZ, EWH, EWW, HGH5, yen, Australian dollar, British pound, Canadian dollar, yuan and copper.
Tim Seymour is long AAPL, BAC, C, DIS, F, GE, GM, GOOGL, INTC, JCP, BX and SUNE. Tim's firm is long BABA, BIDU, CCU, DSKY, KNDI, MCD, NKE, NOK, SINA, SBUX, TSL and VIP. | "Fast Money" traders were skeptical of the stock after it more than doubled in its first day of trading. | 18.136364 | 0.681818 | 3.5 | medium | low | mixed |
http://www.cnbc.com/2015/01/30/us-must-target-currency-manipulation-in-trade-deals.html | http://web.archive.org/web/20150823195641id_/http://www.cnbc.com/2015/01/30/us-must-target-currency-manipulation-in-trade-deals.html | US must target currency manipulation in trade deals | 20150823195641 | The administration is close to sealing a trade pact with 11 Asia-Pacific trading partners, the Trans-Pacific Partnership (TPP), and is also negotiating a deal with the European Union. U.S. Trade Representative Michael Froman said on Tuesday Treasury had the lead on currency issues.
Hatch said he expected that the fundamentals of a TPA bill to be introduced soon would be "substantially the same" as legislation drafted last year, which never progressed to a vote.
The bill allows lawmakers to set negotiating objectives for trade deals in exchange for a yes-or-no vote on the final deal, without amendments.
Hatch said he would not support any trade deals which did not include strong intellectual property protections.
Other conditions included investor-state dispute settlement provisions; no barriers to digital trade, and the elimination of tariffs on U.S. exports of goods, services and agricultural products.
Japan and Canada, partners in the TPP talks, had to accept more U.S. farm exports, he said.
"Let me be clear: If Japan, Canada and our other TPP partners are not willing to open their markets to our exports, the final agreement will never receive support in Congress," Hatch said. | The Obama administration must insist that U.S. trading partners pledge not to manipulate currencies when negotiating trade deals, the Senate Committee on Finance chairman said on Friday. | 8.068966 | 0.586207 | 0.862069 | low | low | abstractive |
http://www.cnbc.com/2015/02/02/chinese-drone-maker-dji-tackles-security-fears-amid-booming-market.html | http://web.archive.org/web/20150823202513id_/http://www.cnbc.com/2015/02/02/chinese-drone-maker-dji-tackles-security-fears-amid-booming-market.html | Chinese Drone Maker DJI Tackles Security Fears Amid Booming Market | 20150823202513 | Not surprisingly, the drones have attracted enormous interest from hobbyists, but also industries ranging from movies and television to surveying. U.S. firefighters have used a drone to help identify danger spots in a fire. And then of course there are the delivery ambitions of Amazon.
Even conservationists have been snapping them up. A team of students from Olin College of Engineering, in Needham, Massachusetts, is customizing a drone to hover over whales and collect samples of spray from their blowholes.
The spray contains hormones that will help determine if the animal is stressed. They have christened the device "Snot Bot."
Read MoreMake AI machines safe before smart
The UCLA football team has been using a drone for training — its unique overhead shots helping to analyze the team's play. Though that didn't make the devices any more welcome at the Super Bowl in Phoenix on Sunday night.
Drones have even spawned a variation on the selfie — the "dronie" — a self-portrait shot from on high.
DJI now employs 2,800 people worldwide. It is a private company that releases little detailed commercial information, though by one estimate they have 70 percent of the global market and are now selling "tens of thousands a month," with the U.S. its most important market.
Read More Hotel Wi-Fi may not be the most secure way to surf
But there is downside: The FAA has been receiving around 25 reports a month of consumer drones flying near manned aircraft, and privacy concerns where dramatically illustrated last year when one exasperated New Jersey man blew his neighbor's drone out of the sky with a shotgun.
For security officials there's also the horrible specter of a potential drone-based terror attack.
While DJI hopes its software fix and more training for pilots will help ease the fears, it is the FAA that has been charged with the thorny task of drawing up new rules — balancing hopes and benefits with the threats from pranksters and troublemakers. | DJI has brought forward a software fix that limits where the drones can be used, NBC News reports. | 19 | 0.7 | 0.9 | medium | low | abstractive |
http://www.cnbc.com/2014/12/03/us-third-quarter-productivity-up-23-vs-24-expected.html | http://web.archive.org/web/20150823202942id_/http://www.cnbc.com/2014/12/03/us-third-quarter-productivity-up-23-vs-24-expected.html | US third-quarter productivity up 2.3% vs 2.4% expected | 20150823202942 | Eddie Seal | Bloomberg | Getty Images
Patterson UTI Drilling representative, left, speaks with job seekers during the Eagle Ford Shale Job Fair in Corpus Christi, Texas.
U.S. nonfarm productivity grew a bit faster than initially thought in the third quarter, while sharp downward revisions to compensation pointed to muted wage inflation that should give the Federal Reserve room to keep interest rates low for a while.
The Labor Department said on Wednesday productivity expanded at a 2.3 percent annual rate instead of the previously reported 2.0 percent pace.
Read MorePrivate sector job creation misses target: ADP
Economists polled by Reuters had expected productivity, which measures hourly output per worker, would be raised to a 2.4 percent rate to reflect upward revisions to third-quarter gross domestic product.
The government last week raised third-quarter GDP growth to a 3.9 percent pace from a 3.5 percent rate.
The trend in productivity, however, remains relatively weak, despite the upward revision. Productivity rose 1.0 percent compared to the third quarter of 2013.
Businesses have been hiring more workers to increase productivity, helping to put a dent in unemployment.
Read MoreFed's Fischer: No inflation? Then forget rate hike
Compensation measures were revised sharply lower in line with downward revisions to income data published last week.
Unit labor costs, the price of labor for any given unit of production, fell at a 1.0 percent rate in the third quarter. They had previously been reported to have increased at a 0.3 percent pace.
Unit labor costs for the second quarter were also revised down to show them declining at a steeper 3.7 percent rate instead of the previously reported 0.5 percent pace.
Read MoreObama to meet with CEOs, who plan to boost hiring
That should ease fears that wage growth is rising a little bit faster than the Fed's expectations and cause the U.S. central bank to wait longer to raise interest rates.
Wage growth is one of the key factors that will determine when the Fed will start raising its short-term interest rate, which it has kept near zero since December 2008.
Compensation per hour increased at a 1.3 percent rate in the third quarter rather the 2.3 percent pace reported last month.
Compared to the third quarter of last year, hourly compensation rose 2.2 percent instead of the 3.3 percent advance reported last month. | U.S. third-quarter nonfarm productivity grew faster than initially thought, while sharp revisions to compensation pointed to muted wage inflation. | 19.478261 | 1 | 4.73913 | medium | high | mixed |
http://www.cnbc.com/2015/07/10/reuters-america-update-2-brazil-raises-rate-of-return-on-roads-other-projects.html | http://web.archive.org/web/20150823233339id_/http://www.cnbc.com/2015/07/10/reuters-america-update-2-brazil-raises-rate-of-return-on-roads-other-projects.html | UPDATE 2-Brazil raises rate of return on roads, other projects | 20150823233339 | (Recasts with official comments and context)
BRASILIA, July 10 (Reuters) - Brazil raised the rate of return on new highway concessions and will do the same for other infrastructure projects to woo much-needed investment into the sluggish economy, a senior government official said on Friday.
The government hiked the rate of return for highways to 9.2 percent from a previous 7.2 percent, marking a change in stance by President Dilma Rousseff, who has been criticized for scaring off investors with below-market rates of return.
Deputy Planning Minister Dyogo de Oliveira said in an interview the government will raise internal return rates, or IRR, on port, airport and railway projects as financing costs climb in Brazil.
"The cost of capital in Brazil has increase and the IRR has to reflect that. We will review the IRR for other modalities," Oliveira said. "Without a doubt a higher IRR makes those projects more attractive for investors."
Facing an imminent recession, Rousseff has adopted more market-friendly policies to lure investors to her new 198.4 billion reais ($62.61 billion) plan to overhaul the country's decaying infrastructure.
The IRR is a measure of return on an investment that takes both the size and timing of cash flows into account. The final return rate could fluctuate depending on the highway project and its capital structure.
Oliveira said he will discuss financing options to the projects with the World Bank and Inter-American Development Bank in a trip to the United States next week. The two Multilateral lenders are willing to issue debt in the local currency to finance some of the concessions, Oliveira said.
The government plans to auction four roads this year as part its plan to sell 4,371 kilometers (2,716 miles) of highways to reduce steep transportation costs that drive up the price of commodity exports.
With the new plan the government expects 66.1 billion reais in investments in highways, 86.4 billion in railways, 37.4 billion in ports and 8.5 billion in airports. Auctions for the airport concessions will start in the first quarter of 2016.
A previous effort by Rousseff to lure 210 billion reais in private investment in 2012 managed to attract only about 20 percent of the targeted funds, with no bidders at all for the 14 railways and 160 port terminals on offer.
(Reporting by Alonso Soto and Luciana Otoni; Editing by Christian Plumb and Richard Chang) | BRASILIA, July 10- Brazil raised the rate of return on new highway concessions and will do the same for other infrastructure projects to woo much-needed investment into the sluggish economy, a senior government official said on Friday. Deputy Planning Minister Dyogo de Oliveira said in an interview the government will raise internal return rates, or IRR, on... | 7.061538 | 0.969231 | 29.8 | low | high | extractive |
http://www.cnbc.com/2015/07/07/this-list-of-junk-companies-keeps-getting-longer.html | http://web.archive.org/web/20150823234317id_/http://www.cnbc.com/2015/07/07/this-list-of-junk-companies-keeps-getting-longer.html | This list of 'junk' companies keeps getting longer | 20150823234317 | On the bright side, the total number of companies on the junkiest of the junk list remains well under the 2009 financial crisis high of 283. The dark side, though, is ominous: The riskiest part of that subgroup group, the B1 issuers and lower, total 71 percent of the junk universe compared with 58 percent in 2009.
"That's problematic, because at some point the market will turn," Moody's senior vice president Dave Keisman said in a phone interview. "Suddenly, we could have bad stuff happening much more quickly than the last crisis."
Read MoreBill Gross: Six conditions for a bond crisis
Another point to consider: Companies routinely migrate off the worst-of-the-worst list, and hopefully for the right reasons, primarily ratings upgrades. However, in the latest cycle, most left for the wrong reasons: Bankruptcy knocked half the 24 companies that left, while 17 percent withdrew offerings. Just one-third of the group had upgrades.
Keisman, though, said the trend of more companies joining the B3-and-under list is not cause for alarm, at least not yet.
However, the debt picture is going to get cloudier in the months and years ahead. Companies have thrived off the low-interest environment that has come thanks to the Federal Reserve's ultra-easy monetary policy since the crisis.
Read MoreIcahn: Market overheated, especially in junk bonds
The Fed, though, is preparing to begin normalizing policy, with at least one hike possible this year and multiple increases expected in 2016. Borderline companies that have existed off cheap debt, then, face a less certain environment.
Some companies are preparing for the road ahead rather than trying to duck in before the rate increases start.
High-yield debt issuance declined 15 percent in the second quarter on an annualized basis, falling from $107.4 billion in the same period in 2014 to $91.1 billion, according to Thomson Reuters.
"Risks continue to build for U.S. high yield and we caution investors to not grow complacent in the face of what has been generally remarkable stability in the asset class," Michael Contopoulos, high-yield credit strategist at Bank of America Merrill Lynch, said in a recent note to clients. "Not only do too many macro headwinds exist to create a compelling story for high yield, but fundamentals are the weakest they have been since the recession—likely creating an environment where looking for a reason to sell becomes easy." | The bottom of the corporate debt barrel is getting more crowded. | 40.333333 | 0.583333 | 0.75 | high | low | abstractive |
http://www.cnbc.com/2015/02/09/wave-of-fake-federal-and-state-tax-returns-filed-experts-say.html | http://web.archive.org/web/20150824023133id_/http://www.cnbc.com/2015/02/09/wave-of-fake-federal-and-state-tax-returns-filed-experts-say.html | Wave of Fake Federal and State Tax Returns Filed, Experts Say | 20150824023133 | Intuit insists its systems were not breached. The company suggests that victims had their TurboTax login information stolen from "other sources outside the tax preparation process," possibly through a phishing scam or some other online attack.
Lisa Letchworth, who lives in Washington State, doesn't know how it happened, but crooks got into her TurboTax account. Last Tuesday, when she logged on to start her federal return, she got a nasty surprise. A message on the screen said her return had already been filed and the IRS was issuing a refund of $5,013 to someone else on a prepaid card.
Read MoreTurboTax 'messed up,' refunds customers
"It freaked me out," she said.
Letchworth was able to see the bogus return the criminals had filed. They had all the information from last year's return -- including the names and Social Security numbers of everyone in her family, employer names, even a special education credit she claimed.
"It's really frightening," she said. "It's painfully clear they got into my account."
Because the crooks filed first, Letchworth and her husband will have to prove to the IRS that they were the victims of identity theft. Letchworth said the IRS told them it could take six months to straighten out all the paperwork and get them their refund.
Tax return fraud isn't new. It's been a massive problem for both the IRS and states with an income tax. The IRS reports that it has blocked more than $63 billion in fraudulent returns since 2011.
Online tax preparation software makes it easy for crooks to create a fake return. Having the refund deposited to a prepaid card provides a low-risk way to access the stolen money.
Read More Here's why companies are really leaving the US
And the crooks are getting better at beating the system.
Instead of using stolen Social Security numbers to create their fraudulent returns, they buy compromised credentials to gain access to past returns stored on tax preparation software. Using information from a real return to create a false one improves the odds that it will evade detection.
Security expert Brian Krebs told NBC News that he's found login credentials for TurboTax, H&R Block and similar services being sold on the dark web for just pennies each.
"Typically, the usernames and passwords for consumer accounts at these services are obtained via password-stealing malware that infects end-user PCs," Krebs writes on his blog.
What can you do to protect yourself?
If you use online tax preparation software, especially the kind that stores your completed tax returns, change your login information right away. That's really the only thing you can do.
Security experts believe this crime wave will get worse unless the states and the IRS deploy better procedures and more sophisticated software that can detect and stop possible return fraud. | The recent flood of fraudulent tax returns is the work of "a criminal gang, possibly working outside the country," NBC reports. | 21.384615 | 0.730769 | 0.961538 | medium | low | abstractive |
http://www.cnbc.com/2015/02/12/europe-markets-performing-well-despite-greece.html | http://web.archive.org/web/20150824032207id_/http://www.cnbc.com/2015/02/12/europe-markets-performing-well-despite-greece.html | Europe markets performing well despite Greece | 20150824032207 | Greece and the euro zone may be in a temporary stalemate, but you wouldn't know that looking at Europe.
The Greece ATHEX Composition has risen 6 percent, and a somewhat vague declaration on a cease-fire in Ukraine is animating the rest of Europe, with all major bourses up.
European banks are especially strong after a terrible January, with Credit Suisse performing especially well on the back of a strong earnings report and additional cost-cutting measures. The bank's earnings results cover a period before the Swiss National Bank cut the peg between the Swiss franc and the euro.
How expensive is it to live and work in Switzerland? The Credit Suisse CFO said as part of a series of cost-cutting initiatives, the bank would be moving employees out of Switzerland to lower-cost locations.
There's a bid under oil as well. How quickly are companies adjusting to the drop in oil prices? Apache (APA), which reported an earnings beat and a revenue miss this morning, said "We have reduced our rig count from an average of 91 rigs in the third quarter of 2014 to an estimated 27 rigs by the end of this month." Their fracking crews have also been reduced by about 50 percent.
The point is that U.S. oil business, particularly those involved in the fracking business, are able to ramp production up and down much more quickly than other oil exploration and production ventures elsewhere in the world. It means that supply and demand is likely to get closer to equilibrium—and more stable prices--sooner than many expected.
Elsewhere, semiconductors are rallying. The S&P Semiconductor ETF, a basket of the largest semiconductor companies, hit a historic high on Wednesday. It's been moving up since the markets began calming down at the end of January, and a number of companies have been notably strong: | European markets are doing well, despite the recent clashes between Greece and the euro zone. | 21.058824 | 0.764706 | 1.941176 | medium | low | mixed |
http://www.cnbc.com/2015/02/11/apple-is-worth-a-lot-more-than-you-think.html | http://web.archive.org/web/20150824034715id_/http://www.cnbc.com/2015/02/11/apple-is-worth-a-lot-more-than-you-think.html | Apple is worth a lot more than you think | 20150824034715 | Tim Cook knows it, too. That is why he has been borrowing money to buy back shares of Apple. He knows it's worth way more than people realize.
Cramer suspects that the market is holding back Apple, because it is skeptical that its market cap is so darned high. Rumors are now swirling that it is worth more than the Russian stock market, and valued higher than both Google and Microsoft combined.
These comparisons remind Cramer of the time that Babe Ruth made more money than President Herbert Hoover. When asked about the difference, Ruth replied, "I know, but I had a better year than he did."
"In short, Apple's stock should be worth more, perhaps much more, which is why, as always, I say don't trade it, just own it," said Cramer.
However, not all CEOs realize that their companies are worth more than they are trading now. Cramer's charitable trust has a position of General Motors, and he believes it is worth $48 a share.
GM's CEO Mary Barra has done a wonderful job with their product line, especially considering the line of gas-guzzling trucks they have at a time when gasoline is at record low prices.
---------------------------------------------------------- Read more from Mad Money with Jim Cramer Cramer Remix: You need to see this Apple news Cramer: These unexpected gems are a buyCramer: This toy maker will make you money, too----------------------------------------------------------
Unlike Cook, Barra has not maximized all of the capital on its balance sheet by repurchasing a large quantity of stock. Cramer thinks that with GM's $37 billion in liquidity, it can afford to do a tender offer above market price; a move that would be very beneficial to shareholders.
"It's time to recognize that Tim Cook is Babe Ruth, and that Barra should take a bow for her performance and buy back GM stock like a banshee." | Jim Cramer compares two stocks that are worth a ton more than most think. Can it continue to make investors drool? | 16.217391 | 0.565217 | 0.826087 | medium | low | abstractive |
http://www.cnbc.com/2015/02/20/this-sexy-stock-crowned-as-the-beauty-queen-winner.html | http://web.archive.org/web/20150824085043id_/http://www.cnbc.com/2015/02/20/this-sexy-stock-crowned-as-the-beauty-queen-winner.html | This sexy stock crowned as the beauty queen winner | 20150824085043 | And while Cramer thinks the horrendous performance is not completely attributed to McCoy, since she was left with quite a mess to clean up from the last CEO, Andrea Jung. He still thinks McCoy has fallen asleep at the wheel, with the stock going from $18 to $8 on her watch.
"How is Estée Lauder's stock a thing of beauty, while Avon seems like it fell off the ugly tree and hit every branch on the way down?"
Part of the reason comes down to management, with Estée Lauder being a company that is very well managed. And some might even think it could relate to two different business models, with Estée Lauder selling its products in various retailers around the world and Avon being a direct seller.
However, that argument has major loopholes as somehow Tupperware, another direct seller, managed to blow the lid of its earnings in January.
When Estée Lauder reported on Feb. 5, the CEO delivered an 8-cent earnings beat from a $1.05 basis, higher-than-expected revenues and all-time high gross margins. This was especially a large accomplishment considering the headwinds it faced with the strong dollar.
The good news is that Cramer thinks that Estée Lauder has plenty more room to run going forward. This company breeds innovation and plants a significant amount of funding into research and development for new products.
As for Avon, Cramer cannot say the same. A direct sales company is all about having wonderful sales representatives. Yet the number of active sales reps has declined 5 percent alone in the last quarter and down 4 percent in the previous quarter.
The retention issues have extended globally, as well, with the decision it made to pull out of 13 countries in the Caribbean. It is also unfortunately suffering from currency stress in countries such as Brazil, Russia and Mexico.
---------------------------------------------------------- Read more from Mad Money with Jim Cramer Cramer Remix: Avoid this at all costs Cramer: Oil is a battleground—Wall St is clueless Cramer: Competitive CEOs that 'show you the money' ----------------------------------------------------------
"Sometimes investing is as simple as buying what's beautiful and ignoring what's ugly. Right here right now, Estée Lauder is looking gorgeous while Avon looks like a gargoyle."
Ouch. Time to do a serious management makeover, Avon! | Jim Cramer considers this stock winner the beauty contest and this one needing a serious makeover. | 26.294118 | 0.705882 | 0.941176 | medium | low | abstractive |
http://www.cnbc.com/2015/03/25/oil-prices-soar-after-saudi-air-strikes-in-yemen.html | http://web.archive.org/web/20150824173625id_/http://www.cnbc.com/2015/03/25/oil-prices-soar-after-saudi-air-strikes-in-yemen.html | Oil prices soar after Saudi air strikes in Yemen | 20150824173625 | "Yemen is not a big supplier of oil... This could help move oil prices partly, but we don't see this will disrupt actual oil supply," said Kim Woo-kyung, a spokeswoman at SK Innovation, a parent company of South Korea's largest refiner SK Energy.
South Korean officials also said the current troubles occurred near the Red Sea, waters that Gulf suppliers to Asia do not have to pass.
While importers said the Saudi attack itself was unlikely to disrupt supplies, the threat of spreading war in the region could impact oil flows.
Read MoreStocks sell off as bad news turns bad
"It is becoming like a proxy war between Sunnis (in Saudi Arabia) and Shi'ites (in Iran) so it is a source of concern,"said Norihiro Fujito of Mitsubishi UFJ Morgan Stanley Securities.
"If a proxy war becomes a real war, the entire Middle East will be engulfed in a war, even though I do not think that is likely," he added.
While shipping routes to Asia are not immediately affected,shipping lanes to Europe could be.
Arab producers like Saudi Arabia, the United Arab Emirates,Kuwait and Iraq have to pass Yemen's coastlines via the tight Gulf of Aden in order to get through the Red Sea and Suez Canal to Europe.
The narrow waters between Yemen and Djibouti, at less than 40 kms (25 miles), are considered a "chokepoint" to global oil supplies by the U.S. Energy Information Administration and the region is heavily militarized by western navies. | Brent crude oil prices surged $3 in Asian trading on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen. | 11 | 0.444444 | 0.592593 | low | low | abstractive |
http://www.cnbc.com/2015/03/25/stocks-open-higher-on-weaker-dollar-data.html | http://web.archive.org/web/20150824185314id_/http://www.cnbc.com/2015/03/25/stocks-open-higher-on-weaker-dollar-data.html | Street bows to dollar pressure: Dow falls 290 points, Nasdaq drops 2% | 20150824185314 | "We broke the morning lows (of 17,928 on the Dow and 2,085 on the S&P 500). They were retesting the morning lows for the second time. If they broke they could snowball and that's what happened," said Art Cashin, director of floor operations at UBS.
Many traders were also rearranging portfolios ahead of earnings season, which begins in April.
"With the indices still at high levels most of the selling (last week) was in the blue chips. The rest of the market avoided any real significant drop," said Peter Cardillo, chief market economist at Rockwell Global Capital. "It might be their turn as portfolio managers lock in profit."
The Dow Jones Industrial Average closed down 292.60 points, or 1.62 percent, at 17,718.54, with Chevron and Exxon Mobil the only advancers and Microsoft the greatest laggard.
The S&P 500 closed down 30.45 points, or 1.46 percent, at 2,061.05, with information technology leading all ten sectors except energy lower.
The Nasdaq closed down 118.21 points, or 2.37 percent, at 4,876.52.
The U.S. dollar fell about half a percent lower against major world currencies but still held onto gains of more than 7 percent year-to-date. The continued strength in the dollar have resulted in very low to slightly negative expectations for first-quarter results in April. Last earnings season, many companies already blamed the strong dollar for weaker performance.
"Investors are trying to get their earnings estimates closer to reality and that's causing some damage here," said Maris Ogg, president at Tower Bridge Advisors.
Previously, negative economic data tended to send equities higher as investors saw the news as indications the Fed would not raise interest rate hikes soon.
Low "interest rates certainly help but at the end of the day we need earnings and revenues to grow," Ablin said.
Analysts also noted some concern over fighting in Yemen, which borders Saudi Arabia.
It's "manifesting itself overall in strengthening gold and a bounce in crude," said Art Hogan, chief market strategist at Wunderlich Securities. He pointed to 2,070 as a key technical level on the S&P 500 to watch in the close.
Gold futures settled up $5.60 at $1,197.00 an ounce on the New York Mercantile Exchange.
Crude oil inventories showed a gain of 8.17 million barrels last week, more than expected. Crude oil futures settled up $1.70, or 3.58 percent at $49.21 a barrel.
Firming oil prices boosted energy stocks, which led gains in the S&P 500 and the Dow Jones industrial average.
The Dow transports closed down more than 2 percent with JetBlue falling more than 4 percent as all the transports declined.
Read MoreDollar dings stock market confidence
Futures pointed to a higher open and stocks initially traded mildly higher before giving back gains in morning trade.
"I think it's all about the Fed, it's all about the dollar and earnings season soon to come up," said Nick Raich, CEO of The Earnings Scout.
The U.S. 10-year Treasury yield gained on Wednesday to 1.92 percent after trading near 1.86 percent earlier.
"The bonds are telling me (durable goods is) a non-event," said Doug Foreman, chief investment officer at Kayne Anderson Rudnick. "If the bond market were terribly concerned about a weakening" we'd see the 10-year yield fall more than it has.
U.S. stocks closed lower on Tuesday, with the Dow off 104 points and bond yields lower as investors piled into the safe-haven trade. | U.S. stocks plunged, closing more than 1 percent lower as investors weighed the impact of the strong dollar on the economy and earnings. | 27.52 | 0.76 | 1.4 | medium | low | abstractive |
http://www.cnbc.com/2015/03/09/us-treasurys-pause-after-rate-hike-selloff-fears.html | http://web.archive.org/web/20150825012636id_/http://www.cnbc.com/2015/03/09/us-treasurys-pause-after-rate-hike-selloff-fears.html | US Treasurys pause after rate hike selloff fears | 20150825012636 | "The ECB program is just going to make that shortage greater," Haselmann said.
Euro zone government bond yields mostly fell on Monday, which was the first day of the ECB's sovereign debt purchase program. German 10-year bond yields fell 4 basis points to 0.36 percent as Dutch and French yields declined by 7 bps, according to Thomson Reuters data.
Benchmark 10-year U.S. Treasury notes yields were last at 2.19 percent, compared with a yield of 2.24 percent late Friday.
Longer-dated Treasurys were also bouncing back from weakness last week, when a flurry of big corporate bond sales hurt prices, as did a robust U.S. jobs report on Friday that drove speculation a Fed rate hike was near, Haselmann said.
Treasurys have been slumping. In five weeks, the market's massive rally in January has been nearly wiped out. Treasurys were -0.11 percent for the year through Friday.
Read MoreThe Fed might knock these Asian currencies
Price gains were smaller among shorter-term Treasurys, with the 2-year note most sensitive to Fed policy changes adding only 1/32 to yield 0.70 percent.
"There is flattening pressure in Europe that is spilling over to here," Haselmann said. "The negative rates in the very front end of Europe means the banks will probably stay away from there. They will want to own out the curve, where there is positive yield."
The yield spread between five-year notes and 30-year bonds was last at 113.7, versus 114.50 late Friday. | U.S. government debt prices ticked slightly higher, weighing on yields on Monday, following February's better-than-expected employment report. | 11.52 | 0.6 | 0.84 | low | low | abstractive |
http://www.cnbc.com/2015/03/17/if-fed-loses-patience-that-could-mean-june-rate-hike-commentary.html | http://web.archive.org/web/20150825025105id_/http://www.cnbc.com/2015/03/17/if-fed-loses-patience-that-could-mean-june-rate-hike-commentary.html | If Fed loses 'patience,' that could mean June rate hike | 20150825025105 | The Fed has said it will remain "patient" in describing when it will begin normalizing policy, a word that is expected to disappear Wednesday when the Fed releases its decision on interest rates.
The removal of that key word, according to many Fed watchers, presumably opens the door to a rate hike as early as June. That comes from Fed Chair Janet Yellen herself, who suggested that any change in language would precede a rate hike by a few as two meetings … hence the calculation of a June hike.
Read MoreSurvey says ... Rate hike in September
Now, there are a few reasons that the Fed should begin the normalization process:
Having said that, impatience may be a virtue here still, as other key metrics of economic stability do not yet warrant a rate hike.
Inflation is still falling away from the Fed's 2-percent target.
Read MoreThis could be the soaring dollar's next victim
The dollar, which has rallied 20 percent since last June, is doing the Fed's tightening work for it. A 20-percent rally in the dollar has the growth-dampening effect of a full percentage point increase in interest rates.
The dollar's surge has cut into export growth, and reduced corporate profits, and will likely continue to do so, as the dollar is showing scant signs of retreating in a meaningful way. Overseas economies are still a drag on global growth while housing remains a drag domestic growth.
The economy is not normal, hence policy should not yet be normalized.
Read MoreThis one policy change could create 400,000 jobs
Until the economy is firing on all cylinders, inflation is moving back toward target, and everyone experiences the benefits of improvements in the economy, the Fed can easily afford to remain patient, but it appears too many people lack patience with the Fed and would rather see rates start moving up than the economy complete its recovery. | If the Fed loses its "patience," that could mean a June rate hike, says Ron Insana — using Janet Yellen's logic. | 13.555556 | 0.703704 | 1 | low | low | abstractive |
http://www.cnbc.com/2015/03/12/how-to-email-like-hillary-clinton.html | http://web.archive.org/web/20150825033537id_/http://www.cnbc.com/2015/03/12/how-to-email-like-hillary-clinton.html | How to email like Hillary Clinton | 20150825033537 | There's a box in Hillary Clinton's home in New York that's attracting a lot of attention. It's a server running her own private email system.
Just this week, Clinton told the media that it "would have been better" to use a government email address along with the personal one she used while secretary of state.
However, Clinton insisted she did not violate any federal regulation and didn't risk exposing sensitive information by using her personal email server.
In addition to likely presidential frontrunners, there could be other Americans interested in building private email systems. It isn't that complicated, at least for the technologically savvy, but it can get expensive and the benefits aren't clear cut.
Read MoreGoogle opens its first ever store in…
To start, users need to buy a server, which can cost about $500. Companies such as Lenovo sell them. These are relatively small machines that don't require much power.
After that, you'll need the software: an operating system and mail system that companies such as Microsoft sell. The cost? Under $1,000.
Next up: the system needs to be secured, and this is where it can get expensive if you're looking for the highest level of security. Enterprise-class firewalls and high-end antivirus software can quickly ring up a big bill: $100,000, easy.
Beyond the time and money required to run a system, there's another disadvantage: The owner has to maintain the network. In other words, users have to work as their very own information technology managers, or rely on tech experts to address issues that arise.
Read More Google CFO Pichette to retire from search giant
"If you have a problem while you're traveling then you would have to fly back, or call somebody to fix the server," said Rob Enderle of the Enderle Group. "And, of course, you would have to give them access to it."
What are the benefits of a private email system?
The owner builds, runs and controls it, potentially granting them a degree of independence and autonomy with their private communications.
"You don't have to share information with anybody you don't want to share it with," said Patrick Moorhead of Moor Insights & Strategy. "If you want to hide an email from somebody then you can do that as opposed to, say, having the State Department IT managers have access to that email."
But, given the associated costs, experts say this technology probably remains attractive to a very small—and very wealthy—group of users such as former secretaries of state. | Americans interested in building private email systems, listen up. It isn't that complicated, but it can be expensive. | 22.478261 | 0.956522 | 4.869565 | medium | high | mixed |
http://www.cnbc.com/2015/04/01/aprilfools-what-the-calendar-says-about-q2.html | http://web.archive.org/web/20150825035858id_/http://www.cnbc.com/2015/04/01/aprilfools-what-the-calendar-says-about-q2.html | #AprilFools? What the calendar says about Q2 | 20150825035858 | Wednesday marks the start of the second quarter, and if the calendar is to be believed, it could lead the way for a bounce in the markets.
Past performance, of course, does not predict future returns, and, yes, there are lots of people who think calendar and seasonality analysis is silly, but there are some compelling trends worth nothing as the markets move into April.
The economic synching of the calendar can be traced back centuries. According to a paper by two New Zealand economists who researched U.K. markets going back 300 years, the famous "January effect" didn't actually occur until the 1830s, once Christmas became an official holiday. So there is some validity that specific changes to the calendar can lead to predictable outperformance in the markets. The research even showed how "a sell-in-May trading strategy beats the market more than 80 percent of the time over five year horizons." | Historical calendar-based trends suggest that the second quarter will be positive again this year. | 10.470588 | 0.588235 | 0.941176 | low | low | abstractive |
http://www.cnbc.com/2015/03/29/should-you-prepare-for-round-trip-bond-trade.html | http://web.archive.org/web/20150825041009id_/http://www.cnbc.com/2015/03/29/should-you-prepare-for-round-trip-bond-trade.html | Should you prepare for round-trip bond trade? | 20150825041009 | But in the short term, Goldman tips the higher-rated end of the high-yield market and has a slightly overweight on U.S. investment-grade credit over its European counterpart. Within Asia, it prefers high-yield bonds over investment grade, but it's cautious on China real estate offerings.
Despite concerns over rising rates, investors certainly appear to like bond funds, pouring around $95.31 billion into bond mutual funds and exchange-traded funds (ETFs) so far this year, with around $15.4 billion of that flowing into high-yield bond funds, according to data from Jefferies. That compares with around $150.6 billion that flowed into bond funds in 2014, according to EPFR Global data cited by Reuters.
But fund managers aren't overly optimistic, with around 57 percent underweighting the segment, according to the Bank of America-Merrill Lynch fund manager survey for March. Additionally, the survey found going long on U.S. high-yield debt was considered the third-most crowded trade, after long European Union periphery debt and long U.S. dollar trades.
Read MoreHigh-yield debt market defies sceptics
Others don't expect much of a rally in bond prices, especially after the segment's gains ahead of the European Central Bank's (ECB) introduction of a quantitative easing program to buy government debt.
"Credit investors have extended longs significantly in anticipation of the PSPP (public sector purchase program) implementation, raising the possibility that the rally loses some momentum near term," Citigroup said in a note last week. | While corporate bonds may not look terribly attractive amid rising rate expectations, Goldman tips a good performance – but only in the short term. | 11.423077 | 0.461538 | 1.153846 | low | low | abstractive |
http://www.cnbc.com/2015/03/10/hundreds-of-security-badges-missing-from-atlanta-airport.html | http://web.archive.org/web/20150825050632id_/http://www.cnbc.com/2015/03/10/hundreds-of-security-badges-missing-from-atlanta-airport.html | Hundreds of Security Badges Missing From Atlanta Airport | 20150825050632 | Hundreds of ID badges that let airport workers roam the nation's busiest hub have been stolen or lost in the last two years, an NBC News investigation has found.
While experts say the missing tags are a source of concern because they could fall into the wrong hands, officials at Hartsfield-Jackson Atlanta International Airport insist they don't pose "a significant security threat."
Read MoreDelta flight skidsoff runway at LaGuardia Airport
The wayward badges came to light when NBC-DFW asked airports across the country to reveal how many of them were unaccounted for. Only one, Atlanta, provided numbers before the Transportation Security Administration blocked the release of more data.
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But at that single airport, where almost 60,000 people work, some 1,400 badges that allow employees to access secure areas like runways and boarding gates have gone missing over roughly two years.
"It's very, very serious. Without question," said Larry Wansley, who headed corporate security for American Airlines until 2004 and still consults for airports.
Experts noted that the badge alone would not allow a worker to access areas off limits to the public. Major airports also use biometric screening and PIN numbers at entry points.
"Badges are deactivated as soon as they are reported lost or stolen," the Atlanta airport said in a statement.
"Secured areas of the airport can only be accessed with a valid badge and PIN, and each badge has a photo of the employee on it. Due to these safeguards, we do not believe that lost or stolen badges pose a significant security threat to the airport."
Read MoreHarrison Ford injured in plane crash
There is no guarantee a lost or stolen security card will be reported immediately. At Dallas-Forth Worth International Airport, one set of lost employee credentials were not deactivated for three days because the worker was "hoping someone would turn them in," according to police reports obtained by NBC-DFW.
Experts say that even without a PIN, a purloined ID card could be a problem because it might give an intruder a better chance of sneaking in an open perimeter gate or blending in on the tarmac.
And it's not just the badges that disappear. Airline shirts, a FedEx pilot's uniform, TSA identification have all been reported missing by Dallas airport workers. Even a federal flight deck officer's credentials — which allow a pilot to carry a gun on a plane — had vanished, NBC-DFW found.
"Anytime you can acquire uniforms, badges any official sort of indication of authority that's a huge problem, that's a huge threat," said Jeffrey Price, who teaches Aviation Security at Metropolitan State University in Denver.
Chaim Koppel, a security expert who consults with airports and airlines around the world, pointed to an attack in Pakistan last year where terrorists dressed as security workers laid siege to Jinnah International Airport, killing more than a dozen people.
"These few seconds that people are hesitant to act against them, that's going to be the key to success for them," Koppel said.
Under TSA rules, if more than 5 percent of the badges at one airport are lost or stolen, the entire inventory must be cancelled and reissued.
The agency declined to comment on the lost-ID data from Atlanta, pointing to a statement it released in January that said it's considering additional measures to check IDs and screen workers.
The Department of Homeland Security "has requested the Aviation Security Advisory Committee to conduct an expedient and comprehensive review of the issues related to the security of the sterile areas at airports nationwide in order to identify all viable means for the Department to address any potential vulnerability," the statement said. | Hundreds of ID badges that let airport workers roam the nation's busiest hub have been stolen or lost in the last two years, NBC News has found. | 24.966667 | 1 | 21.266667 | medium | high | extractive |
http://www.cnbc.com/2015/04/08/mall-developer-caruso-affiliated-purchases-former-masonic-temple.html | http://web.archive.org/web/20150825065441id_/http://www.cnbc.com/2015/04/08/mall-developer-caruso-affiliated-purchases-former-masonic-temple.html | Mall developer Caruso Affiliated purchases former Masonic Temple | 20150825065441 | Source: Omar Bárcena | Flickr
"We are glad to extend our presence in Glendale through a project that truly offers a prime example of adaptive reuse," said Rick J. Caruso, founder and CEO of Caruso Affiliated. "This is a local architectural gem."
Read MoreMalls outperforming the shopping center industry
The temple, a nine-story tower that was designed in 1927, has housed at least six Masonic organizations since its completion. It sits across the street from another Caruso property, The Americana at Brand.
That mall, which includes stores such as Nordstrom, J.Crew and Lululemon, is one of the top 15 shopping centers in the U.S. for sales per square foot.
Read More10 retailers bucking the trend and opening stores
The redevelopment is the latest example of how struggling properties across the country are being reimagined into new uses. Weak retail properties around the U.S. have been transformed into medical centers and churches, while some churches are being repurposed into shopping space.
One example is Limelight Shops in Manhattan, a former church.
The Glendale property provides Caruso with 68,000 square feet of gross building area on 38,000 square feet of land.
A source said the deal is expected to close before the end of the year. | Caruso Affiliated will transform a former Masonic Temple into offices, retail and restaurant space. | 15 | 0.75 | 1.125 | low | low | abstractive |
http://www.bostonglobe.com/business/2015/08/23/brief-headline/797DG5S9M1kfagdoTTmfQM/story.html | http://web.archive.org/web/20150825124557id_/http://www.bostonglobe.com/business/2015/08/23/brief-headline/797DG5S9M1kfagdoTTmfQM/story.html | What you might have missed from the weekend in business | 20150825124557 | Andrew Regenhard/University of North Dakota/AP
FARGO, N.D. — Of the six sites in the United States where researchers are trying to figure out how to integrate unmanned aircraft into civilian airspace, only in North Dakota can they fly high both day and night. Last week, the Federal Aviation Administration approved a plan that allows drones to be flown up to 1,200 feet above the entire state and permits flights at night. At other test sites the limit is 200 feet, and only in daylight. ‘‘It really expands the type of operations you can conduct,’’ said Nicholas Flom, director of safety for the Northern Plains UAS Test Site. Or drones could be flown to look for hot spots in wildfires. Alaska, New York, Nevada, Texas, and Virginia also were selected in December 2013 as test sites for unmanned aircraft, which the FAA does not currently allow for commercial use. Flying drones at night can have many benefits, said Mark Hastings, the North Dakota test site’s director of operations. Infrared sensors, which can detect people or animals on the ground, seem to work better in cooler temperatures. And there’s usually less air traffic and lower wind speeds at night.
MELBOURNE — Oil extended its declines from the lowest close in six years as Iran said it will boost production and as US drilling activity sustained its increase. Futures fell as much as 1.3 percent in New York after slumping 4.8 percent in the five days to Aug. 21 for the longest run of weekly declines since 1986. Iran will expand output “at any cost” to defend its market share, oil minister Bijan Namdar Zanganeh said. The number of active rigs in the United States rose for the seventh time in eight weeks, data from Baker Hughes Inc. show. Oil has lost more than 30 percent since this year’s closing peak in June amid signs a global glut will persist. Leading members of the Organization of Petroleum Exporting Countries are maintaining output, while US crude supplies are almost 100 million barrels above the five-year seasonal average. West Texas Intermediate for October delivery fell as much as 51 cents to $39.94 a barrel on the New York Mercantile Exchange. Brent crude slid 24 cents to $45.22 in London.
HONG KONG — China’s stocks plunged early Monday, dragging a benchmark index to its lowest level since March. The Shanghai Composite index sank 8.4 percent to 3,213.76, erasing its gain for the year and dropping below the 3,500 level that has previously spurred state buying. The Hang Seng China Enterprises lost 5.1 percent, hitting its lowest level since May. Taiwan’s Taiex index slid 7.4 percent in its biggest drop since 1990. The Shanghai gauge fell 12 percent last week after data showed the nation’s economic slowdown is deepening. While China said over the weekend that it will allow pension funds to buy shares for the first time, a speculated cut in reserve ratios failed to materialize. “China’s economy is pretty ugly, and some sectors have bubbles,” said Wu Kan, a Shanghai-based fund manager at JK Life Insurance Co. Officials have armed a state agency with more than $400 billion to stop the $4 trillion rout. It also banned selling by major shareholders and told state-owned companies to buy stocks. “The news on pension funds over the weekend was positive, but not having the expected required-reserve ratio cut or other larger measure seems to have disappointed investors,” said Gerry Alfonso, a Shanghai-based trader at Shenwan Hongyuan Group. “But it is questionable whether even with one the market would have rebounded.”
SINGAPORE — The yen advanced to a six-week high as a rout in global stocks and commodities spurred demand for havens. Japan’s currency gained against all of its major peers as index futures signaled a deepening slump in the world’s biggest stock market. The New Zealand dollar tumbled as much as 1.2 percent to be the biggest loser. “In the short term, [the yen] will likely face upward pressure from safe-haven bids if global risk sentiment continues to deteriorate,” analysts at Barclays wrote in a note to clients. “Chinese equity markets and their impact on other risk assets will be critical for USDJPY in the week ahead.” The yen surged 0.6 percent to 121.29 per dollar at 8:14 a.m. Monday in Tokyo. It reached 121.19, the strongest level since July 9. | AVIATION
In North Dakota, test drones will fly night and day
Andrew Regenhard/University of North Dakota/AP
FARGO, N.D. | 31.111111 | 0.925926 | 4.037037 | medium | medium | mixed |
http://www.bostonglobe.com/business/2015/09/01/yahoo-ceo-marissa-mayer-says-she-pregnant-with-twins/0JmNz564ABzIsG4vAHoJFM/story.html | http://web.archive.org/web/20150902185006id_/http://www.bostonglobe.com:80/business/2015/09/01/yahoo-ceo-marissa-mayer-says-she-pregnant-with-twins/0JmNz564ABzIsG4vAHoJFM/story.html | Yahoo CEO Marissa Mayer says she’s pregnant with twins | 20150902185006 | SAN FRANCISCO — Yahoo chief executive Marissa Mayer says she’s pregnant with identical twins.
Mayer says on a posting on her blog that she and her husband are expecting the twin girls in December.
‘‘I have some exciting news to share — I’m pregnant!’’ she wrote on her Tumblr posting Monday night.
She says that she will take some limited time away but work during the pregnancy, as she did with her son’s birth three years ago.
Mayer said that she’s informed Yahoo executives of her pregnancy.
Three years ago, Mayer announced she was pregnant with her son on her social networking accounts just a few hours after Yahoo hired her as its third full-time chief executive in less than a year. | Mayer wrote Monday that she was pregnant with identical twins. | 13.181818 | 1 | 2.272727 | low | high | mixed |
http://www.people.com/article/meryl-streep-lifetime-biopic-christina-applegate-video | http://web.archive.org/web/20150903000203id_/http://www.people.com/article/meryl-streep-lifetime-biopic-christina-applegate-video | Christina Applegate Plays Meryl Streep in Funny or Die Short : People.com | 20150903000203 | 09/01/2015 AT 11:00 PM EDT
Lifetime has been on top of the unauthorized biopic game for a while now, so hey – why not dig up some dirt on the No. 1 actress in Hollywood?
That's the idea behind this new Funny or Die short, which features
playing the lead role in
. As the cable original version of
and more. She fails, of course, but the trailer even notes that she's not even really trying. Also, there's no dirt to be dug up – Streep is squeaky clean, it turns out.
The premise of the video – that Streep is just good at everything she does – is similar to one from
wowing crowds with an ice skating show at Madison Square Garden after only having skated twice before.
If you're going to get made fun of, you could do a lot worse than having all the jokes hinge around you being too naturally successful. | A Funny or Die short has Christina Applegate starring in a Lifetime original movie about Meryl Streep | 10.705882 | 0.647059 | 1.352941 | low | low | abstractive |
http://www.cnbc.com/2015/09/04/saudi-king-salman-to-visit-dc-books-entire-hotel.html | http://web.archive.org/web/20150905053455id_/http://www.cnbc.com/2015/09/04/saudi-king-salman-to-visit-dc-books-entire-hotel.html | Saudi King Salman to visit D.C., books entire hotel | 20150905053455 | When you're royalty, go big or don't go at all.
That's at least true for Saudi Arabia's King Salman, who touched down on U.S. soil Thursday to the sight of dozens of black luxury cars awaiting his arrival at Joint Base Andrews located just outside Washington in Prince George's County, Md.
Wall Street Journal reporter Carol Lee snapped a photo of his epic entourage. (On a recent trip to France, Salman had a 10-vehicle motorcade, and hired an additional 400 luxury car drivers, the BBC reported.)
The king of the oil-rich nation is here to meet with President Obama at the White House on Friday to talk all things involving the Iran nuclear deal and its wider effect on the Middle East. Their face-to-face happens before the Senate returns next week and takes up the deal, just as Obama has rallied enough support for it from Democrats.
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It's the Saudi king's first visit to the United States since ascending to the throne in January after the death of his brother, King Abdullah. He skipped the May summit of Gulf nations held at Camp David.
And his visit is huge — like "renting out the entire Four Seasons hotel and making it gold" huge.
Read MoreTough times strike Saudi Arabia's millionaires
Politico reported that the lavish hotel chain's Georgetown location has been redecorated, rolling out enough red carpet to keep Salman and his family from ever touching the asphalt. Almost everything has a golden touch, regulars observed, from the mirrors to the hat racks — how elegant!
The entire hotel is reportedly booked through Saturday for the king and his entourage, and just in time for Labor Day weekend. | Saudi King Salman will visit President Obama on Friday to discuss the Iran nuclear deal, and he's doing it in style, reports USA Today. | 13.071429 | 0.821429 | 1.75 | low | medium | mixed |
http://www.cnbc.com/2015/08/31/is-apples-tv-upgrade-too-pricy-for-consumers.html | http://web.archive.org/web/20150905122022id_/http://www.cnbc.com/2015/08/31/is-apples-tv-upgrade-too-pricy-for-consumers.html | Is Apple's TV upgrade too pricy for consumers? | 20150905122022 | Apple TV attaches to an existing TV set, and accesses Internet-based content, such as movies on Hulu or Netflix. The new model, rumored to be debuted at a Sept. 9 event, would add features like Siri voice control, a touch-screen remote, an operating system with the App store, and more powerful processing speeds, sources told 9to5Mac.
The new model comes at a time when streaming content is more popular than ever. But Amazon's premium model sets buyers back just $125, with the Roku 3, which already has voice controls, coming in at just under $100. Add the cost of the speedier Internet needed for higher-quality streaming, and that has people asking, as they have in the past, why pay more for Apple products?
The price of Apple TV is less about the device itself, and more about setting a tone that future Apple TV services will go above and beyond competitors, according to Daniel Ives, managing director in the technology, media and telecom research group of FBR Capital Markets. In particular, a $40-per-month live streaming service to rival cable, anticipated to launch in 2016, would justify a premium over competitors like Amazon Fire and Google Chromecast, Ives said. | What will users get for $149 to $199? | 21.909091 | 0.545455 | 0.545455 | medium | low | abstractive |
http://www.cnbc.com/2014/02/24/qa-with-the-couple-that-are-conquering-the-baking-world.html | http://web.archive.org/web/20150905231256id_/http://www.cnbc.com/2014/02/24/qa-with-the-couple-that-are-conquering-the-baking-world.html | Q&A with the couple that are conquering the baking world | 20150905231256 | What was it about your pitch that attracted the sharks?
Honestly, I think it was less the pitch and more our story. Although we had a bit of a comedy sketch as our pitch, we are a prime example of a young couple taking on the American dream. We took an idea out of our kitchen, turned it into a product and then a business. Having a "why didn't I think of that" type of product helps, as well. We are providing simple solutions to common problems many bakers face, and that is very important in having a successful business.
What was your favorite part of being on "Shark Tank" that didn't make it to air?
One moment that I wished made it was when "Mr. Wonderful" showed his softer side. There was a bit of back and forth about how long Stephanie and I were together and Kevin unexpectedly asked if we could renew our wedding vows. It caught us off guard since it was coming from him and not Robert, who according to Mark "always gets so sappy on everything".
What do you think the sharks are looking for in a business partner?
You hear it many times throughout the seasons that they are looking for the right entrepreneur with the right product. If you aren't excited, confident and determined about your product or business, then why should they be? The sharks are looking at you as much as they are looking at your product, margins and business plan. Mr. Wonderful may be excluded from that, since he's always about the money!
How has being on "Shark Tank" affected your business?
The "Shark Tank" effect has been and continues to be tremendous. There is of course the great spike in website visitors and sales. We saw a 5,000 percent increase in sales in March 2012 compared with a year earlier, and the first quarter of 2012 had beat all of 2011.
We've secured our first national retailer and now have our products in hundred of Jo-Ann Fabric and Crafts Stores, as well as many other buyers groups and resellers. Besides the financial gain, there is a much more valuable personal gain.
Being on "Shark Tank" is not something everyone can say or can relate to, so being able to network with past and future "Shark Tankers" helps in navigating the business world.
What would you tell another entrepreneur about to step into the tank?
Know your stuff! If you want to be taken seriously, you need to know every aspect of your business.
Many people, including myself, think that since they own and operate the business that they can just rattle off stats, but there is plenty of homework involved. Throughout the whole casting process and right up to filming, I was constantly checking on product prices, margins, marketing research, budgets and so on. Being selected to film is a once-and-a lifetime chance, so you don't want to screw it up and get caught off guard.
By Jill Weinberger and Liza Hughes | Daniel and Stephanie Rensing appeared on “Shark Tank” with The Smart Baker. The deal fell through but that didn’t stop the couple from finding success. | 19.866667 | 0.533333 | 0.733333 | medium | low | abstractive |
http://www.cnbc.com/2015/08/12/confessions-of-an-overseas-banker-commentary.html | http://web.archive.org/web/20150906070614id_/http://www.cnbc.com/2015/08/12/confessions-of-an-overseas-banker-commentary.html | Confessions of an overseas banker | 20150906070614 | This did backfire spectacularly for me at a lunch roundtable I hosted for the finance director of a large insurance conglomerate. In a panic that the boardroom would be half empty, I rounded up a few salespeople from the China team to play the part of investors. Just as we are about to start, a first-year analyst comes running in and sits in the seat next to the presenter, which had been left empty out of politeness.
Throughout the entire duration of the lunch, this kid keeps disrupting the presentation — chewing disgustingly with his mouth open, belching, clearing his throat, slurping his tea, even farting unashamedly. When he's done eating, he starts hacking at his teeth with a toothpick. The finance director is openly struggling through the presentation. I'm openly struggling to keep my food down.
I had to show them a really good time at karaoke that night to make up for that debacle. But all was forgiven; that's what these trips are all about anyway — having a good time.
Read MoreSix of the oldest tricks in Wall Street's book
Another time, we had a high-level executive from one of the largest government-sponsored enterprises go to Tokyo to be the keynote speaker at our annual conference. It started with dinner and drinks with senior management the night before. (I wasn't senior enough to be there.) As people were looking to head home around midnight, the executive said he was going to meet a guy from another bank for "one quick drink."
The following morning, there was no sign of him. About two hours before his mid-afternoon keynote address in front of Japan's most important investors, he was still is MIA. With his phone turned off, our senior management was left with no choice but to physically go to his hotel. The famously discreet staff reluctantly explained what happened, and it wasn't pretty. Apparently, he came back at 5am completely wasted, trashed his hotel room, and then when he demanded a new one, they kicked him out. The search party walked to the nearest hotel only to discover that they had just missed him. He had gone straight to the airport via chopper, where he proceeded to charter a private plane home.
In the end, their CEO [allegedly] called our CEO to say — this is the official version — he got violently ill with food poisoning, end of story.
Commentary by John LeFevre, the creator of @GSElevator on Twitter, and the author of the New York Times bestselling book, "Straight To Hell: True Tales of Deviance, Debauchery, And Billion-Dollar Deals." Follow him on Twitter @JohnLeFevre. | Here's why New York executives will do ANYTHING to snag a trip to Asia, says @GSElevator mastermind John LeFevre. | 23.772727 | 0.5 | 0.681818 | medium | low | abstractive |
http://www.cnbc.com/2014/09/30/apples-eu-tax-problems-what-you-need-to-know.html | http://web.archive.org/web/20150906115641id_/http://www.cnbc.com/2014/09/30/apples-eu-tax-problems-what-you-need-to-know.html | Apple’s EU tax problems: What you need to know | 20150906115641 | What's the background to all of this?
The European Commission seems eager to make an example over perceived tax avoidance, and there are no targets more high-profile than Ireland and Apple.
Last year, Apple executives admitted at U.S. Senate hearings that the company had relocated $102 billion in cash offshore, as of last year, and that some of these earnings were "stateless" for tax reasons. It does pay some tax in the U.S. – around $6 billion in 2012.
The inquiry covers the years between 2004-14, although Apple first relocated its overseas operations to Ireland in 1980, and a meeting between Apple and Irish officials in 1991, which set up Apple's tax arrangements until 2007, is key to its controversial tax arrangements.
Essentially, it centers on whether the Irish tax authorities gave Apple a special deal to help the company avoid tax. | The European Commission has confirmed it believes Apple and Ireland breached guidelines on state aid over Apple's Irish tax arrangements. | 7.772727 | 0.681818 | 1.318182 | low | low | abstractive |
http://www.people.com/article/emma-roberts-evan-peters-hold-hands-in-la | http://web.archive.org/web/20150906140506id_/http://www.people.com:80/article/emma-roberts-evan-peters-hold-hands-in-la | Emma Roberts and Evan Peters Hold Hands Months After Split : People.com | 20150906140506 | Evan Peters and Emma Roberts outside the Beverly Center mall in Los Angeles, California
09/05/2015 AT 04:10 PM EDT
were spotted out together again for the
in so many weeks after ending their
in June – but this time the former couple was holding hands.
Roberts, 24, and Peters, 28, were spotted leaving the Beverly Center in Los Angeles together on Friday. Walking hand-in-hand, the exes carried Sephora shopping bags and appeared to be all smiles.
costars, who initially met on the set of indie movie
, split after three years together just three months ago.
"The grew apart," a source previously told PEOPLE. "They both had a lot of growing to do, and it was better that they do it on their own."
actress and Peters were spotted leaving dinner together on Aug. 23 in West Hollywood.
The pair were both smiling and seemed to be on friendly terms as they left the Izakaya restaurant. | Emma Roberts and ex-fiancé Evan Peters were holding hands as they left a shopping mall on Friday | 10.052632 | 0.894737 | 1.631579 | low | medium | mixed |
http://www.cnbc.com/2015/08/28/reuters-america-chinas-unigroup-chairman-visiting-us-to-discuss-micron-bid-sources.html | http://web.archive.org/web/20150906161220id_/http://www.cnbc.com/2015/08/28/reuters-america-chinas-unigroup-chairman-visiting-us-to-discuss-micron-bid-sources.html | China's Unigroup chairman visiting U.S. to discuss Micron bid-sources | 20150906161220 | WASHINGTON/BEIJING, Aug 28 (Reuters) - The chairman of China's Tsinghua Unigroup travelled to the United States this week to meet with board members of Micron Technology and try to revive a politically fraught takeover bid of the U.S. chipmaker, people familiar with the matter said.
Micron dismissed an informal $23 billion offer by state-backed investment firm Unigroup in July on the presumption that the U.S. regulatory committee that reviews foreign acquisitions of sensitive U.S. companies would block the deal on national security concerns, sources have said.
In August, U.S. Senator Charles Schumer of New York called on the inter-agency Committee on Foreign Investment in the United States (CFIUS) to reject Tsinghua's acquisition attempt, citing Micron's role in making chips used in U.S weapons systems.
Republican U.S. Senator John McCain had raised national security concerns in July from the proposed deal.
But Unigroup chairman Zhao Weiguo's visit reflects a belief within the Tsinghua camp that there is still hope for what would be the largest foreign deal by a Chinese company and a major step for the nation's modest but up-and-coming chip industry.
Zhao will also make a stop in Washington to meet with policy experts familiar with the CFIUS approval process, one of the sources said. Zhao is expected to return to Beijing next week.
Idaho-based Micron is the last major U.S.-based manufacturer of so-called dynamic random access memory (DRAM) chips, which are used in personal computers. In recent months Tsinghua has continued its pursuit of Micron despite the U.S. company's rebuffs.
After the $23 billion offer was rejected by Micron in July, Xu Jinhong, chairman of Unigroup's parent company Tsinghua Holdings, told Reuters that Tsinghua had not given up, saying he hoped the deal "could eventually come through".
(Reporting by Krista Hughes in WASHINGTON and Gerry Shih in BEIJING; Additional reporting by Noel Randewich in SAN FRANCISCO and Liana Baker in NEW YORK; Editing by Muralikumar Anantharaman) | WASHINGTON/ BEIJING, Aug 28- The chairman of China's Tsinghua Unigroup travelled to the United States this week to meet with board members of Micron Technology and try to revive a politically fraught takeover bid of the U.S. chipmaker, people familiar with the matter said. Senator Charles Schumer of New York called on the inter-agency Committee on Foreign... | 6 | 0.953125 | 32.546875 | low | high | extractive |
http://www.cnbc.com/2015/06/29/reuters-america-update-7-oil-hits-3-week-lows-as-greece-crisis-worsens-eyes-on-iran.html | http://web.archive.org/web/20150908030049id_/http://www.cnbc.com/2015/06/29/reuters-america-update-7-oil-hits-3-week-lows-as-greece-crisis-worsens-eyes-on-iran.html | UPDATE 7-Oil hits 3-week lows as Greece crisis worsens; eyes on Iran | 20150908030049 | * Investors shun riskier assets on Greece fears
* Oil market also eyeing Iran nuclear negotiations
(Updates market activity and comments to U.S. session; changes byline and previous LONDON dateline)
NEW YORK, June 29 (Reuters) - Crude futures hit 3-week lows on Monday as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West to export more of its oil into an oversupplied market.
The dollar surged against the euro to early June highs on worries over the Greek crisis before retreating in the New York trading session for crude, limiting the downside for oil. A softer dollar makes commodities priced in the greenback more affordable for holders of other currencies.
Brent crude futures were down $1.50 at $61.76 a barrel by 11:36 a.m. EDT (1536 GMT). It had fallen almost $2 in European trading to its lowest since June 5.
U.S. crude was down $1.30 to $58.33 a barrel, touching a June 9 bottom earlier.
"It's all about Greece today. Also, the Iran deadline for a nuclear pact could be pushed out by a week or so from tomorrow, so it's a risk-off day," said Tariq Zahir, an oil bear at Tyche Capital Advisors in Laurel Hollow, New York.
Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into crisis.
The euro proved broadly resilient though to Greece's moving one step closer to an exit from the single currency.
Some analysts said crude prices could weaken further as the Greek situation will not likely be resolved until a referendum at the weekend on whether to accept conditions for a bailout.
"This may be the time when we break lower and into the $50s for Brent as we have a full week of uncertainty," said Bjarne Schieldrop, head of commodity analysis at SEB in Oslo.
U.S. and Iranian officials said talks on a final accord nuclear pact for Iran would likely run past a June 30 deadline. The agreement is key to ending Western sanctions on Tehran's crude exports, allowing it to add to the global glut in crude supply.
Market participants will also be looking for estimates on U.S. crude supply-demand due on Tuesday from industry group American Petroleum Institute, ahead of government inventory numbers on Wednesday.
While trading will be shortened for the week by the U.S. Independence Holiday on Friday, there will be data from China and the euro zone.
(Additional reporting by Simon Falush in London and Aaron Sheldrick in Tokyo and Keith Wallis in Singapore; Editing by William Hardy and Chris Reese) | *Oil market also eyeing Iran nuclear negotiations. NEW YORK, June 29- Crude futures hit 3- week lows on Monday as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West to export more of its oil into an oversupplied market. Also, the Iran deadline for a nuclear pact... | 7.666667 | 0.956522 | 25.681159 | low | high | extractive |
http://www.cnbc.com/2014/04/07/rst-tippers-of-food-delivery-workers.html | http://web.archive.org/web/20150908074029id_/http://www.cnbc.com/2014/04/07/rst-tippers-of-food-delivery-workers.html | Best and worst tippers of food-delivery workers | 20150908074029 | So who are the stingiest tippers?
Among the states, Illinois customers left the least at 13.6 percent, followed by Nevada at 13.6 percent and Arkansas at 13.7 percent.
Once the data are broken down into cities, three New York cities made the bottom 10.
Read MoreSkip the tip, restaurant CEO says
Syracuse, N.Y., tipped the lowest at 12.1 percent, followed by Ithaca, N.Y., at 12.8 percent, Champaign, Ill., at 13.1 percent and Rochester, N.Y., at 13.4 percent.
Although Mack said GrubHub couldn't draw conclusions from the data, some interesting trends did emerge. | Perhaps the most perplexing food-delivery decision is the final one: How much to tip? | 6.555556 | 0.222222 | 0.222222 | low | low | abstractive |
http://www.people.com/article/justin-bieber-not-in-relationship-got-my-heart-broken-selena-gomez | http://web.archive.org/web/20150908171632id_/http://www.people.com/article/justin-bieber-not-in-relationship-got-my-heart-broken-selena-gomez | Justin Bieber Explains Why He's Not in a Relationship: 'I Got My Heart Broken' | 20150908171632 | 09/08/2015 AT 01:25 AM EDT
There's a sad reason why there's no one special in
's life at the moment.
The singer opened up about it
on Monday with Australian radio hosts Kyle and Jackie O.
"I haven't been in a relationship for a while now," the 21-year-old said after the hosts asked him who he'd be bringing with him to Australia when he performs there later this month.
When Kyle questioned why a young pop star would want to be seriously involved with anyone anyway, Bieber clarified, "I'm a relationship type of guy. I love to be in love, love cuddling. I love all that stuff."
He added, "I got my heart broken. I'm just trying to let that heal up."
That prompted Jackie O. to ask about his ex-girlfriend
. The radio host asked about
in his new "What Do You Mean?" video, and he dismissed it, saying, "I think that might be fake," before going on to say "it wasn't me that did that." | The singer, who dated Selena Gomez on and off for years, made the confession in an interview on Monday | 10.380952 | 0.571429 | 0.761905 | low | low | abstractive |
http://www.cnbc.com/2015/09/05/reuters-america-update-2-g20-eyes-faster-economic-reforms-as-cheap-credit-not-enough-for-growth.html | http://web.archive.org/web/20150908184705id_/http://www.cnbc.com/2015/09/05/reuters-america-update-2-g20-eyes-faster-economic-reforms-as-cheap-credit-not-enough-for-growth.html | UPDATE 2-G20 eyes faster economic reforms as cheap credit not enough for growth | 20150908184705 | growth@ (Releads with final communique and press conferences, changes media identifier from G20-COMMUNIQUE/)
ANKARA, Sept 5 (Reuters) - Financial leaders from the world's 20 biggest economies agreed on Saturday to step up reform efforts to boost disappointingly slow growth, saying reliance on ultra-low interest rates would not be enough to accelerate economic expansion.
But they also said they were confident growth would pick up and, as a result, interest rates in "some advanced economies" -- code for the United States -- would have to rise.
"Monetary policies will continue to support economic activity consistent with central banks' mandates, but monetary policy alone cannot lead to balanced growth," the communique of the G20 finance ministers and central bankers said.
"We note that in line with the improving economic outlook, monetary policy tightening is more likely in some advanced economies."
The wording defied pressure from emerging markets to brand an expected U.S. rate rise as a risk to growth.
"We heard different opinions on the possible Fed decision. Some think the Fed needs to make a decision sooner rather than later, while others think it should delay," Turkish Deputy Prime Minister Cevdet Yilmaz told a news conference.
To limit the volatility of capital flows from emerging economies into dollars -- the reason for concern about a future Federal Reserve hike -- G20 financial leaders said they would avoid any surprise or excessive moves.
"We will carefully calibrate and clearly communicate our actions, especially against the backdrop of major monetary and other policy decisions, to minimise negative spillovers, mitigate uncertainty and promote transparency," they said.
Concern about the turbulence that might be caused by a possible Fed rate hike was amplified by investor worries over an economic slowdown in China, the world's second biggest economy.
G20 officials said they discussed the devaluation by China of its renminbi currency in August, a move some may see as a realignment to market rates rather than a move to help exports.
"Many supported the measures that China took... the ministers were very tolerant," Russian deputy finance minister Sergei Storchak told a news briefing.
The Chinese devaluation as well as the stock market plunge on growth jitters were all part of a difficult path to a more liberal economy, officials said.
"It's an unbelievably difficult transformation and it's not surprising that there are bumps, that it's not a perfectly smooth process, and I think we had plenty of explanations, opportunity to ask questions, and it was a dialogue, and a very open one," IMF head Christine Lagarde said after the meeting.
But some were less impressed.
"Their explanations weren't very good. They should have been much clearer," said Japanese Finance Minister Taro Aso.
LOW RATES ALONE "WON'T CUT IT"
G20 officials welcomed strengthening activity in some economies but said that growth fell short of expectations because reforms were not being implemented quickly enough.
Last year, G20 leaders agreed to boost global output over the next five years by 2 percent above what was already expected at the time through coordinated reforms and investment.
But they were behind schedule, the G20 communique indicated.
"We are making progress towards our commitments (but)... more effort is needed for implementation," the statement said.
Lagarde was even more explicit, making clear governments had for too long relied on the supply of cheap cash from central banks that have been running ultra-loose monetary policy.
"Monetary policy alone will not cut it. It is necessary. It is recommended from our perspective, particularly in Europe and in Japan still, but it will not cut it on its own," she said.
"Clearly in the fiscal sphere as well as in the structural reforms sphere, more needs to be done, and it needs to accompany and eventually take the baton from the central bank governors."
But, in what appeared to be a vicious circle, the reforms were made more difficult by the weaker global growth, Canadian Finance Minister Joe Oliver told reporters.
"We're making progress, but the base that we hoped we would have, we haven't arrived at, because the growth has been disappointing and the projections have been downgraded," Oliver said, adding that one-third of the G20's extra growth commitments have been implemented.
Boosting investment was key, the G20 financial leaders agreed. Governments will prepare their final investment strategies by November, when G20 leaders are to meet to discuss them in Antalya in Turkey.
(Additional reporting by Dasha Afanasieva, Gernot Heller, David Dolan, Asli Kandemir, Orhan Coskun, Writing by Jan Strupczewski) | ANKARA, Sept 5- Financial leaders from the world's 20 biggest economies agreed on Saturday to step up reform efforts to boost disappointingly slow growth, saying reliance on ultra-low interest rates would not be enough to accelerate economic expansion. But they also said they were confident growth would pick up and, as a result, interest rates in "some advanced... | 13.294118 | 0.985294 | 31.455882 | low | high | extractive |
http://www.people.com/article/bachelor-paradise-jade-roper-tanner-tolbert-engaged-interview | http://web.archive.org/web/20150908203752id_/http://www.people.com:80/article/bachelor-paradise-jade-roper-tanner-tolbert-engaged-interview | Jade Roper and Tanner Tolbert Engaged! : People.com | 20150908203752 | Tanner Tolbert and Jade Roper on Bachelor in Paradise
09/07/2015 AT 10:00 PM EDT
! After a season filled with tears, drama and more than a few heated confrontations, one happy couple got engaged on Monday night's finale of
If you haven't seen the season 2 finale of
Jade Roper and Tanner Tolbert decided to take the leap after a whirlwind romance.
"I've never felt like this for anybody," Roper tells PEOPLE exclusively. "I tell Tanner all the time, what we have is very rare. It's very special."
The pair had almost an instant connection on day one, ("Jade was number one on my list, but I didn't think I had a chance!", says Tolbert), and even began rooming together by the third night.
"That was my favorite part," says Roper, who owns a cosmetics line. "Every morning we would wake up and before the [producers] would come mic us, we would be able to be really open with each other and talk about anything. That brought us a lot closer really quickly."
And the couple, both 28, are quick to defend the engagement, which took place three weeks after they'd met.
"It does seem crazy," admits Tolbert, a finance manager, "and I thought there was zero chance of this. But when you're there and you spend so much time together from the get-go, three weeks is like nine months of real dating."
Says Roper: "When you're pulled away from all the distractions of real life, you don't have excuses. Tanner and I just took it pretty seriously. And it was so natural for us. We had easy fun conversations but also the hard conversations you have six months into a relationship. It was just condensed."
Now, Tanner and Roper are making plans to move in together in his native Kansas City, and have begun prepping for their dream day.
"I've been looking at wedding ideas on Pinterest and sending them to Tanner, says Roper." Adds her groom-to-be of his go with the flow wedding mentality, "Happy wife, happy life!" | "I've never felt like this for anybody," says one half of the happy couple | 24.277778 | 0.944444 | 7.166667 | medium | high | mixed |
http://www.cnbc.com/2015/05/01/when-to-cut-off-adult-children-who-arent-financial-grown-ups.html | http://web.archive.org/web/20150910223018id_/http://www.cnbc.com/2015/05/01/when-to-cut-off-adult-children-who-arent-financial-grown-ups.html | When to cut off adult children who aren't financial grown-ups | 20150910223018 | Some advisors, such as Franklin of Franklin Wealth Management, believe that when parents make substantial cash outlays to help their kids, they should expect to be paid back. He advises his clients to draw up a contract and charge interest. "As a parent, you have to feel proud when they pay your money back, knowing they are on the path to financial independence," he said.
By Internal Revenue Service rules, you must charge a minimum interest rate. In March the Applicable Federal Rate was 0.40 percent for loans up to three years, 1.47 percent for loans of three to nine years and 2.19 percent for loans longer than that. "If they don't pay you back, it's now a gift," Franklin said.
Gifts that are more than $14,000 (or $28,000 per couple) are taxable, though "most people are not even aware about the gift tax," said Geraghty. If tax is not paid, then larger gifts will need to be accounted for and taxed at that time.
Read MoreParents need special trusts lessons
Some parents go one step further and deduct gifts from their children's inheritance. "I had a client who said that when she passes, her son is not going to get anything, that it was going to the other children because he had already gotten so much from her in the form of handouts," said Franklin.
Of course, financial dependence is a two-way street and the result of a lifetime of financial lessons never learned. The best defense against dependent children, advisors say, is increasing financial responsibility as children grow. And letting them fail when they're young is a lesson that will stay with them long after their parents are no longer there to bail them out.
—By Ilana Polyak, special to CNBC.com | It's reasonable to want to help adult children financially, but doing so can foster dependence and endanger your retirement, say advisors. | 14 | 0.6 | 0.76 | low | low | abstractive |
http://www.people.com/article/angelina-jolie-house-of-lords-fight-for-sexual-violence | http://web.archive.org/web/20150911030544id_/http://www.people.com:80/article/angelina-jolie-house-of-lords-fight-for-sexual-violence | Angelina Jolie Pitt Speaks About Sexual Violence in Conflict Zones : People.com | 20150911030544 | 09/08/2015 AT 03:50 PM EDT
committee on Tuesday in London to advocate for victims of sexual assault in war zones and call for an end to the sexual violence.
Jolie Pitt, 40, teamed up with former British foreign secretary William Hague to raise awareness of their campaign against sexual violence in conflict zones, labeling the crimes the "center point of their terror."
"For over 10 years I had been visiting the field and meeting with families and survivors of sexual violence who felt for so long that their voices simply didnât matter – they weren't heard and they carried a great shame," she said during the meeting.
Jolie Pitt described feeling "absolutely helpless" when talking to young girls – some as young as 7 years old – who had become virtually unresponsive after being "brutally raped multiple times."
She explained that while the physical abuse was torture enough, the real pain came from the worthlessness the girls felt as they were bartered over and sold as sex slaves.
"But they told me what was even worse than the physical violence was that they then had to stand in rooms and watch their friends be sold and to hear men arguing what they were worth."
She continued: "Were they worth $40, $50? What was the price of them? What was their value? And [they described] how humiliating that was and how demoralizing. And it made her question what she was worth."
Jolie Pitt and Hague have been
in their fight against sexual violence. They two cofounded the Preventing Sexual Violence Initiative, and last year, they hosted the End Sexual Violence Conflict summit in London, which brought diplomats, officials and nonprofit representatives together to fight for the right of all victims – women, men and children.
At the meeting on Tuesday, she thanked the United Kingdom for their leadership on the issue, and continued to urge a "very, very strong response at this time."
"I think the most important thing to understand is what it's not. It's not sexual, it is a violent brutal terrorizing weapon." | Angelina Jolie told stories of meeting young girls whose lives were shattered after being brutally raped | 25.625 | 0.6875 | 1.0625 | medium | low | abstractive |
http://www.bostonglobe.com/business/2015/09/08/mit-lab-develops-next-generation-prosthetics-for-amputees/pOwbmPFThlP8Z9RfW1zPnO/story.html | http://web.archive.org/web/20150911083201id_/http://www.bostonglobe.com:80/business/2015/09/08/mit-lab-develops-next-generation-prosthetics-for-amputees/pOwbmPFThlP8Z9RfW1zPnO/story.html | MIT lab develops next-generation prosthetics for amputees | 20150911083201 | Chris Ahern, who lost his foot and much of his leg below the knee after a motorcycle accident in 2006, places the remaining part of the limb into an elaborate, one-of-a-kind machine in a cluttered MIT laboratory. The device, dubbed FitSocket, is essentially a ring of 14 extendable indenters, each of which can press down on an object in their center.
Arthur Petron, a PhD candidate at MIT’s biomechatronics group, enters a command into a computer console and the indenters slowly descend onto the surface of Ahern’s leg with a high-pitched whine. They gently hold the leg in place and record how much force it takes to push in the tissue at each point.
“Try to hold as still as possible,” Petron says as the indenters slowly press down into Ahern’s flesh and then retract.
Petron repeats this process up to 100 times, testing different points on Ahern’s leg and gathering data that will meticulously map the end of the limb. It records the surface’s shape, but also which areas are softer or harder due to bones, muscles, nerves and other tissues under the skin: properties that vary widely between different amputees due to different types of injuries, surgeries, congenital conditions, and normal variations.
FitSocket could be of use to researchers in many fields who study the mechanics of the human body, but its most immediate application could help amputees like Ahern. Petron and his collaborators at MIT believe it holds the key to creating next-generation prosthetic sockets.
BETTINA MAKALINTAL FOR THE BOSTON GLOBE
Arthur Petron (left), an MIT PhD candidate, used a computer to assist in the analysis.
Currently, most prosthetic sockets are made artisanally, in a process that often takes months. A prosthetist takes a plaster cast of the end of the limb, then adjusts its shape by hand so that it has minimal contact with the hardest areas of the end of the limb, in order to avoid pain, before using carbon fiber to create the final socket. As a result, the softest areas bear most of the load, which still causes discomfort for many amputees.
With data from FitSocket, Petron can use one of MIT’s sophisticated 3-D printers to produce a socket that is hardest where the end of the limb is softest and vice versa, modeled for the specific limb of a specific patient. These sockets, made from different hardnesses of resin, do what traditional sockets cannot: distribute the load of a prosthetic leg across the entire surface of the remaining limb.
“It is a good idea,” said Gary Martino, who runs the production department at Dorchester’s United Prosthetics and is familiar with Petron’s work on FitSocket. “Getting it to a practical state could be challenging.”
So far, Petron has used data from FitSocket to print custom sockets for six patients, who have tried them out under experimental conditions at MIT. The response from these early users has been extraordinarily positive, and one patient described the effect as like “walking on pillows,” he said.
The next steps for Petron’s research will be to create sockets for a larger trial of patients, and to extend the testing conditions to more rigorous activity like sports or dancing. Petron expects further research will uncover weaknesses in the current design, particularly the possibility that resin used to print the sockets may not be durable enough for long-term use. But he’s confident the concept of an individually fitted socket will hold up to scrutiny.
“It’s a more comfortable socket,” Petron said. “We know that.”
Petron is likely to graduate from MIT this winter. His collaborators will continue the FitSocket research, Petron said, but he plans to take a break from academia. He’s looking into jobs that will allow him to apply his FitSocket research to consumer-oriented technology outside the field of prosthetics, perhaps by designing customized shoes, backpacks, or seats for high-end vehicles.
He said the motivation behind his work at FitSocket is far broader than prosthetics. It’s about the science of supporting or attaching objects to the human body, which he believes is poised to be revolutionized by technologies like FitSocket and 3-D printing.
“We’re treating the body as a mechanical thing, because it is,” he said. “I want to understand the biomechanical properties of the tissue.”
For amputees like Ahern, though, the concept of FitSocket holds the promise of less pain and greater mobility.
“Every single socket I’ve had, I’ve always had to work out the kinks,” Ahern said as he put on the prosthetic leg he wore to his appointment at MIT. “I’ve had this socket for a year and a half, and I’m still having problems with it.” | FitSocket, a device developed at MIT, helps create less painful custom prosthetics sockets for amputees. | 51.888889 | 0.833333 | 1.277778 | high | medium | abstractive |
http://www.cnbc.com/2014/11/28/gas-prices-about-to-fall-a-lot-more.html | http://web.archive.org/web/20150911233256id_/http://www.cnbc.com/2014/11/28/gas-prices-about-to-fall-a-lot-more.html | Gas prices could fall a lot more by Christmas | 20150911233256 | OPEC members Thursday followed the lead of Saudi Arabia, which has said it did not want to cut production and has made it clear it will defend its market share against other producers.
Those producers include the U.S. shale industry, which has helped boost U.S. production by a million barrels a day in just a year. OPEC member Venezuela sees the world oversupplied by 2 million barrels a day.
Lipow said one surprise might be that U.S. oil production will continue to increase. "I expect oil production is going to continue to increase in the U.S. over the next three to four months as shale oil and Gulf of Mexico projects that are underway get completed," he said. Drilling in the Rocky Mountains, Utah and Ohio will be the first to be impacted, he said.
U.S. oil production has averaged about 9 million barrels a day over the last several weeks, the first time it has been at that level since 1986. Oil prices are expected to continue to be under pressure.
"It's still expected that Gulf of Mexico production will increase by 500,000 barrels a day over the next two years, and that's very likely to happen because most of the investment has been spent," Lipow said.
Oil stocks were hit hard Friday, with the S&P energy sector down more than 6 percent.
"Eighty percent of the production coming on stream from tight oil has an economic return between $50 and $69. At this price level, tight oil will be tested. People have committed for rigs in the short term, but every management is going to go back and review their budgets and we'll see spending reined in further," said Daniel Yergin, vice chairman of IHS. They'll focus on the most productive wells ... spending will be concentrated in the most productive plays."
Read MoreOPEC decision spells trouble for Russia
He noted that many of the quarterly reports from oil companies indicated that they were going ahead with drilling plans but that will change.
"No matter what OPEC does in the months ahead, this has changed the psychology of investing in the world oil industry," Yergin said.
Lipow said the U.S. industry would cut back on existing wells, even though it will continue to see production growth over the next couple of months even with low prices.
"Is the break even $70 or is it $50? There's no doubt the E and P companies will be cutting their budgets dramatically," Lipow said.
Read MorePrivate equity bets on energy revolution | OPEC may be trying to cause pain for the U.S. shale drillers, but it's providing a holiday gift for consumers. | 21.217391 | 0.608696 | 1.043478 | medium | low | abstractive |
http://www.cnbc.com/2015/04/24/this-is-how-people-plan-to-use-apple-watch.html | http://web.archive.org/web/20150913222835id_/http://www.cnbc.com/2015/04/24/this-is-how-people-plan-to-use-apple-watch.html | This is how people plan to use Apple Watch | 20150913222835 | A new SurveyMonkey poll suggests consumers are still unsure whether it's worth buying the Apple Watch, which went on sale Friday.
The poll of 505 people conducted since April 8 found that about 74 percent said they were "not at all likely" to buy the smartwatch. Just over 4 percent said they were "extremely likely" or "very likely," and 3 percent planned to buy the watch on the first day of sales.
"Look, it's early. I think that's what the poll results say. People didn't have a lot of great reasons" to buy it, SurveyMonkey CEO Dave Goldberg said Friday on CNBC's "Squawk Box."
Read More How the Apple Watch might change your work life
The Apple Watch feature people said they would use most? Telling the time.
"Clearly, there's a lot of other things you can do to figure that out," Goldberg said.
Nearly one-third of respondents said they would most often use that old school function on the new school tech. | A new SurveyMonkey poll suggests consumers are still unsure whether they should shell out hundreds of dollars on an Apple Watch. | 9.318182 | 0.772727 | 4.954545 | low | low | mixed |
http://www.cnbc.com/2015/09/14/allianzs-el-erian-bumpy-road-ahead-but-will-create-lots-of-attractive-opportunities.html | http://web.archive.org/web/20150915041046id_/http://www.cnbc.com/2015/09/14/allianzs-el-erian-bumpy-road-ahead-but-will-create-lots-of-attractive-opportunities.html | El-Erian: Bumpy road ahead but will create lots of attractive opportunities | 20150915041046 | "It's too close to call," he said. "And the big question is not whether they are going to hike or not. The big question is why are we so obsessing over a single hike? And that says a lot about how codependent markets and central banks have become."
Investors should be aware, El-Erian said, that the U.S. central bank will likely undergo the "loosest tightening in the history of the Fed"—meaning a gradual increase with a relatively low terminal point.
"If we were to look at the journey, we would obsess much less with the Fed," he added.
Instead, El-Erian said global markets may be experiencing a shift to a "higher-volatility regime," meaning that asset allocations will become aggressive and price multiples will begin "looking high."
When such conditions occur, he said, markets will overshoot and act with too much correlation—so "you get value that pays you overtime."
Read MoreTom Lee: Here's why the bottom in stocks may be in
El-Erian added that both emerging markets and oil have become unhinged, and there may be some opportunities appearing. He admitted, however, that one's investment horizon will affect whether to get in now.
"If you already have exposure, wait a little bit, there are going to be even more attractive positions—there are still people stuck in those markets looking to get out," he said. "We're going to look back on this, and this is going to be a very attractive stage."
"It's one of these things that happens once a decade ... but be careful because it's going to be incredibly volatile in the next few months," he added.
The economist also said his call to move to cash is less of a "slam dunk" than it was because—although volatility may rise—the American economy continues to recover and parts of the U.S. corporate sector are seeing positive developments. | Mohamed El-Erian, Allianz chief economic advisor, spoke with CNBC's "Squawk on the Street" on Monday morning. | 16.375 | 0.541667 | 0.791667 | medium | low | abstractive |
http://www.theguardian.com/artanddesign/2008/jul/12/exhibition.art4 | http://web.archive.org/web/20150916150752id_/http://www.theguardian.com/artanddesign/2008/jul/12/exhibition.art4 | Exhibition preview: Skimming The Surface, Derby | 20150916150752 | As a culmination of her Derby artist-in-residence stint, Natalie Dowse presents paintings and animations that reflect something of the awkward bemusement experienced by any first-time visitor to a typically nondescript shopping centre. Working from digital portraits, Dowse fleshes out the photographic glimpses through the more painstaking process of painting. The anonymous faces appear transfixed by the mundane quandary, their meticulously delineated features belying a tendency to become absorbed back into the crowd. Other works focus on the consumer treadmills of escalators and cable cars. | Derby Art Gallery, to Aug 24 | 13.857143 | 0.428571 | 0.428571 | low | low | abstractive |
http://www.people.com/article/facebook-reunion-third-grade-class-photo-crush | http://web.archive.org/web/20150917225150id_/http://www.people.com:80/article/facebook-reunion-third-grade-class-photo-crush | Facebook Elementary Class Photo Reunion Leads to Marriage : People.com | 20150917225150 | Christy and Edward Hemmes; Ironia Elementary School Third Grade Photo 1986-1987
Ed and Christy, sitting in a tree, K-I-S-S-I-N-G. First comes love, then comes marriage ⦠well, maybe things weren't quite that simple for this couple, who took a decidedly more circuitous route to "happily ever after."
Once upon a time, back in the 1986-1987 school year, a boy named Edward Hemmes and a girl named Christy Young were classmates in Miss McAlister's third grade class at Ironia Elementary School in Randolph, New Jersey. Young Edward harbored a quiet crush on the easygoing girl with the perfect dimples who rode the same schoolbus as him, but as Hemmes admits today, "I'm sure she knew I existed, but I don't know if she 'loved me' back. Of course, love is a different thing when you're eight vs. when you're 38."
Ironia Elementary School, New Jersey, Grade 3 (1986-1987)
Christy moved away to Chester, the next town over (which might as well have been China by elementary school standards) and the pair lost track of each other. That is, until one fateful day – Aug. 27, 2009 – when a fellow former third grader named Eileen posted their class photo on Facebook.
Facebook post of class photo
Numerous faces were tagged, and various former students began commenting on the nostalgic image. Specifically, Ed Hemmes, now in his thirties, unaware of the in's and out's of Facebook privacy, didn't realize everyone tagged would see when he wrote a throwaway comment about his former crush: "Christy Young (loved her)."
Once he learned that everyone, including Christy (also now in her thirties), could read his revealing comment, Hemmes posted again, this time apologizing to Christy and admitting his embarrassment. Luckily, she was amused: "No problem," she wrote. "Flattering to have an admirer."
Facebook post of class photo and comments
"Facebook was still kind of new at that time," Hemmes tells PEOPLE. "I understood it then about as much as I understand it now. I thought my comment was just going to be seen by the person who posted the picture. I thought there was no way Christy would see it, read it, let alone respond to it ⦠We exchanged Facebook messages for a while. Eventually we planned a date."
Christy's version of the story matches up. "First we became friends on Facebook," said the future Mrs. Hemmes. "Then, one night, he started messaging me. We talked for a long time that way before he asked me out. I did give him a little grief for taking so long to ask."
The couple's reunion-turned-first-date was just a few days after Valentine's Day in 2010 at the Corner Pub in Mount Olive, New Jersey. Christy recalls talking for hours, even after the band started to play. "Our first date was like meeting up with an old friend. We just clicked," she said.
agrees: "Our first date was a little awkward. It was a loud bar ... I didn't know if she drank or what she liked or what to talk about. We both recognized each other right away, and after some time talking, I thought she had a pretty interesting life, and she was doing some things I would like to do. I was definitely attracted to her still. It was like everything I saw and thought about her as a child was grown up, and we could actually talk about things that mattered."
From there, they started texting nearly every day. The pair dated for a little over two years before Hemmes proposed – at the very same elementary school where their romance almost-but-not-quite-blossomed so many years ago.
"I had to leave work early and convince her to meet me at Ironia School," recalls Ed. "I told her we had to meet someone there and then drop off a car at my mom's house. When we got there the front door of the school was locked, and I was as nervous as could be. What I planned to say versus what actually came out of my mouth are probably very different, but the point was 'Sometimes one door closes and another door opens, and sometimes the door is just locked, but being here at the doors we both walked through so many times so many years ago seems like a great time to begin a new journey through a new door.' There is a rumor that when you ring the door bell at the school, it starts recording what's happening. It's possible [the proposal] is all on video, but we never asked."
Ed and Christy Hemmes married on Dec. 28, 2013. They currently live in Andover, New Jersey, and have an adorable 16-month-old girl named Emily Grace.
Edward and Christy Hemmes, and their daughter
As for Facebooking a former crush, Ed says "My only advice is to jump in with both feet. The worst that can happen is they tell you how much they hated you and never want to hear from you again – and like pulling off a Band-Aid, it's all over. Usually, I imagine, they won't remember or respond to you. Sometimes, you'll talk and find peace and get over some of the 'stuff' that happens in childhood. But once in a while, you find it was meant to be – a long, crazy journey that leads you right back at the same place 30 years later proposing to a childhood crush."
"You just never know," Christy tells PEOPLE. "Take the chance and say 'hello.' It could lead to happily ever after, or at least that's what we are working on." | Edward Hemmes and Christy Young were former classmates in Mrs. McAlisterâs third grade class at Ironia Elementary School in Randolph, New Jersey | 50.826087 | 0.956522 | 7.304348 | high | high | mixed |
http://www.cnbc.com/2014/11/19/-the-social-entrepreneur.html | http://web.archive.org/web/20150918194232id_/http://www.cnbc.com/2014/11/19/-the-social-entrepreneur.html | The rise of the young social entrepreneur | 20150918194232 | One of my favorite examples of this is Immudicon. Its founder, Riley Ennis, was a sophomore in high school when he started working in biotech. Today his company is developing a new cancer vaccine technology that teaches immune cells how to recognize and remove tumor cells. It is partnering with Georgetown Lombardi Cancer Center and others on research. Who knows how many people suffering from cancer will benefit from this innovation? And who knows how many people would have become more ill, or even died, had Riley waited until he was done with college, or grad school or spent years in the workforce before pursuing his goal?
I'm not suggesting that young entrepreneurs have nothing to learn. Quite the contrary. One of our greatest advantages is access to an unparalleled number of smart and experienced mentors. Thanks to the Internet, we don't have to worry about finding people near our homes or in our age group to team up with. We have access to a wealth of advice, support and potential partners right at our fingertips.
I've benefited from all these advantages since founding Humin with four Kairos Society members two years ago. We didn't set out to build a company. We saw a problem and created a solution. The result is an application that dramatically rethinks the contacts on smartphones.
Relationships are at the core of the human experience, and that's why we rely so heavily on contact lists. Yet they haven't changed much over the years. Let's be honest—that unwieldy alphabetical list on your phone doesn't reflect how you built your relationships. Humin remembers how you know someone—for example, where you met—and lets you search for them accordingly.
By solving one small problem, we hope to open the door to better communication and connection between people. And that just might change the world.
—By Ankur Jain, special to CNBC.com. Jain is the founder of Kairos Society and CEO and cofounder of Humin. | Young entrepreneurs equipped with technology are developing products and services to help humanity—and are making big inroads globally. | 17.952381 | 0.571429 | 0.761905 | medium | low | abstractive |
http://www.cnbc.com/2010/08/17/Spying-For-Profits%3A-The-Satellite-Image-Indicator.html | http://web.archive.org/web/20150918223843id_/http://www.cnbc.com/2010/08/17/Spying-For-Profits:-The-Satellite-Image-Indicator.html | Spying For Profits: The Satellite Image Indicator | 20150918223843 | As part of a growing trend among hedge funds and Wall Street firms, Cold War-style satellite surveillance is being used to gather market-moving information. The surveillance pictures are often provided by private-sector companies like DigitalGlobe in Colorado and GeoEye in Virginia, which build and launch satellites and take pictures for US government intelligence agency clients and private-sector satellite analysis firms. Looking for an edge, institutional investors such as UBS have begun to use satellite imagery to gauge customer traffic and economic activity, observing everything from parking lots and oil refineries to shipping terminals. What kind of images used by investors? Click ahead to see some examples and how they are used!By Eamon JaversPosted 16 Aug 2010 | What kind of satellite images are used by investors? Click to see some examples and how they are used! | 6.285714 | 0.952381 | 4.857143 | low | high | mixed |
http://www.cnbc.com/2014/04/21/take-charge-of-retirement-nowor-be-sorry-later.html | http://web.archive.org/web/20150918230357id_/http://www.cnbc.com/2014/04/21/take-charge-of-retirement-nowor-be-sorry-later.html | Take charge of retirement now-or be sorry later | 20150918230357 | Experience has taught these folks a harsh lesson. Fortunately, though, you have a choice. Your future can be like theirs—filled with regret—or it can be like the one they wish they had.
If you have a retirement plan at work, you need to join it. Contribute the maximum now if you can; if not, increase your contributions incrementally until you do reach the maximum on a pretax basis. Once you're there and can afford to save even more, contribute to an IRA, too.
And you need to do this right now. Don't delay another day. Why? Because the sooner you start saving, the less you need to save each month, the more wealth you'll accumulate, and the sooner you can quit saving and start enjoying a life of leisure.
Read MoreAre you a stock or a bond?
Here's an illustration showing why that's true: Suppose you're 30 years old and for the next 35 years you contribute $5,000 a year (well below the maximum), earning 8 percent per year. At age 65 your account will be worth $861,584.
But if you delay your participation just one year, starting instead at age 31, your account will be $68,451 less! If you contribute $1,000 a month and wait a year to start, your loss will be more than a quarter of a million dollars! | The top advice retirees would give to younger workers: Start saving now for retirement in order to max out compounded-interest gains. | 10.92 | 0.4 | 0.48 | low | low | abstractive |
http://www.theguardian.com/advertising/guardianuk300 | http://web.archive.org/web/20150918232100id_/http://www.theguardian.com/advertising/guardianuk300 | The Guardian UK300 | 20150918232100 | The Guardian UK300 is the biggest ever survey of UK employers and what students want from their graduate careers. The in-depth data analysis is based on a trendence survey of over 17,000 students conducted via the UK's university careers services. It's the largest and most representative survey of its kind.
• Who the top 300 graduate employers are as viewed by the graduates you want to hire • ... and who are the best employers are within the 20 most popular sectors • Which career sectors interest students the most and which organisations within those sectors they most want to work for
The results can be viewed by sector, region and gender, allowing you to gain a real understanding of the opinions of the graduates you want to target.
Find out more about the Guardian UK300
Or visit our Graduate recruitment page to find out how the Guardian can help you reach quality graduates | Your guide to what UK employers and graduates want from the graduate career | 12.923077 | 0.846154 | 1.461538 | low | medium | abstractive |
http://www.cnbc.com/2014/08/04/financing-your-second-act-costs-of-moving-abroad.html | http://web.archive.org/web/20150918233655id_/http://www.cnbc.com/2014/08/04/financing-your-second-act-costs-of-moving-abroad.html | Financing your second act: Costs of moving abroad | 20150918233655 | "That's a critical thing to plan for," said Jorge Padilla, a certified financial planner based in Miami. "How do you manage for currency fluctuations?" Consider that although each of your U.S. dollars may be worth 2.25 Brazilian real at one point, that can vary, and exchange fees can eat into your savings.
Read More6 steps to foolproofing a retirement portfolio
Consumers still in the workforce will need to check necessary steps and conditions to work in their country of choice as an immigrant. Retirees, meanwhile, will need to consult with the Social Security Administration. (Depending on your destination, some restrictions may apply if you opt to have your check mailed abroad.) And unless you're willing to give up your U.S. citizenship, you'll still need to file a tax return each year.
But the biggest financial mistake might be rushing in. "I would strongly recommend everyone who's looking to make this drastic lifestyle change test it out," said Padilla. Take a few longer trips to your city of choice, rent a place and aim to live like a local. "Before you make major changes, you need to make sure you're really going to like it."
—By CNBC's Kelli B. Grant | Moving abroad may not be as far out of reach as you think. How much you'll need, and ways to save. | 9.64 | 0.68 | 0.84 | low | low | abstractive |
http://www.cnbc.com/2014/09/04/kmarts-first-christmas-ad-of-the-season-you-decide.html | http://web.archive.org/web/20150918233906id_/http://www.cnbc.com/2014/09/04/kmarts-first-christmas-ad-of-the-season-you-decide.html | Kmart's first Christmas ad of the season? You decide | 20150918233906 | The kids are barely back to school, and summer doesn't officially end until Sept. 22, but Kmart wants you to start thinking ahead to the holidays—even as it pokes fun at itself for its summertime Christmas ad.
"It's too early for Christmas, so just to be clear, this is not a Christmas commercial," the ad begins. "Let's say you have an event in late December that you need a lot of gifts for, like, maybe your entire family is having a birthday on the same day," the ad says, as it goes on to mention the benefits of Kmart's layaway program.
Just ignore the parade of holiday imagery in the background: the yule log, the twinkling tree, and, yes, Virginia, there is a Santa Claus. | Kmart wants you to start thinking ahead to the holidays—even as it pokes fun at itself for running its first Christmas ad in the summertime. | 5.571429 | 0.928571 | 13.285714 | low | medium | extractive |
http://www.cnbc.com/2015/07/23/senate-panel-passes-amendment-to-end-restrictions-on-americans-travel-to-cuba.html | http://web.archive.org/web/20150919050939id_/http://www.cnbc.com/2015/07/23/senate-panel-passes-amendment-to-end-restrictions-on-americans-travel-to-cuba.html | Senate panel passes amendment to end restrictions on Americans' travel to Cuba | 20150919050939 | Cuban citizen Armando (L) and U.S tourist Lisa Fragoso wave U.S flag while passing the U.S. Interests Section, in Havana July 20, 2015.
It became the first legislation to make it through any congressional committee to facilitate President Barack Obama's push to normalize relations with Cuba.
Read MoreFour ways to invest in Cuba now
On Monday, the Cuban Embassy in Washington reopened after being closed for 54 years. The agreement to restore formal diplomatic relations between the two countries was announced July 1 by Obama.
"Our efforts to isolate Cuba, despite our good intentions, increasingly had the opposite effect," Obama said.
Both the U.S. and Cuban governments indicated they were taking steps to normalize relations last December.
—Reuters contributed to this report. | The Senate Appropriations Committee voted 18-12 on Thursday to end restrictions on Americans travel to Cuba. | 7.684211 | 0.421053 | 0.526316 | low | low | abstractive |
http://www.cnbc.com/2015/09/04/globe-newswire-canon-solutions-america-announces-strategic-partnership-with-the-university-of-notre-dame.html | http://web.archive.org/web/20150919110844id_/http://www.cnbc.com/2015/09/04/globe-newswire-canon-solutions-america-announces-strategic-partnership-with-the-university-of-notre-dame.html | Canon Solutions America Announces Strategic Partnership with the University of Notre Dame | 20150919110844 | MELVILLE, N.Y., Sept. 4, 2015 (GLOBE NEWSWIRE) -- Canon Solutions America, Inc., a wholly owned subsidiary of Canon U.S.A., Inc., today announced the launch of a strategic and expansive partnership with the University of Notre Dame that exemplifies Canon Solutions America's ongoing commitment to broadening its higher education offerings. Led by Canon Solutions America's Enterprise Managed Services Division, the long-term partnership unites two powerful and ubiquitous national organizations and is focused on yielding successful business and community results. As one of the world's preeminent universities, Notre Dame provides a distinctive voice in higher education that is at once rigorously intellectual, unapologetically moral in orientation, and firmly embracing of a service ethos. Always pursuing new and innovative ways to advance its mission, Notre Dame values partnerships like the one it has now with Canon Solutions America. "This partnership with Canon Solutions America transcends the installation of products," said John Sejdinaj, vice president of finance at Notre Dame. "It is built on a foundation of support and service that includes elements of student advancement initiatives, community engagement, and a commitment to our students and faculty that we value forward-thinking, technologically evolved companies that can help Notre Dame's scholarly endeavors." Led by Canon Solutions America's Higher Education Advisory Team, which comprises senior Strategy and Operations experts within the company's Enterprise Managed Services Division, the partnership will bring the full depth and breadth of Canon's advanced strategies, technologies, and services to the University of Notre Dame. The Higher Education Advisory Team, or HEAT, was formed specifically to bring research, best practices, and process improvement strategies tied to the long-term goals of higher learning institutions. "This is a landmark moment for both the Enterprise Managed Services Division and the company as a whole," said Valerie Belli, vice president, Enterprise Managed Services Division, Canon Solutions America. "There may not be a more recognizable or historic University in the entire country. It's truly an honor to work alongside Notre Dame and provide its students and faculty with our unwavering support and services." As part of the strategic partnership, the Enterprise Managed Services Division will specifically address the unique needs of Notre Dame Athletics. From game day support to year-round document production and management, Notre Dame Athletics requires that Canon supply the highest levels of quality and customer focus. "We will undoubtedly provide Notre Dame with embedded on-site resources providing top support and overall program management," said John Reilly, senior vice president, Enterprise Managed Services Division, Canon Solutions America. "We are fully prepared to offer the University our utmost support of community initiatives, student programs, and athletic endeavors in ways that will help Notre Dame maintain its position as an international leader of academics." About Canon Solutions America, Inc.
Canon Solutions America provides industry leading enterprise, production, and large format printing solutions, supported by exceptional professional service offerings. With the technology offerings of the Canon and Océ brands, Canon Solutions America helps companies of all sizes improve sustainability, increase efficiency, and control costs through high volume, continuous feed, digital and traditional printing, and document management solutions. A wholly owned subsidiary of Canon U.S.A., Inc., Canon Solutions America is headquartered in Melville, N.Y. and has sales and service locations across the U.S. For more information on Canon Solutions America, please visit csa.canon.com. Canon is a registered trademark of Canon Inc. in the United States and elsewhere. Océ is a registered trademark of Océ-Technologies B.V. in the United States and elsewhere. All other referenced product names and marks are trademarks of their respective owners and are hereby acknowledged. © 2015 Canon Solutions America, Inc. All rights reserved.
CONTACT: Contact Stephanie (Global Newswire) For sales info/customer support: 1-844-443-INFO (4636) Editorial Contact: Stephanie Caro 631-330-4432 | MELVILLE, N.Y., Sept. 4, 2015-- Canon Solutions America, Inc., a wholly owned subsidiary of Canon U.S.A., Inc., today announced the launch of a strategic and expansive partnership with the University of Notre Dame that exemplifies Canon Solutions America's ongoing commitment to broadening its higher education offerings. Led by Canon Solutions America's... | 11.5625 | 0.984375 | 44.921875 | low | high | extractive |
http://www.cnbc.com/2014/11/18/all-50-states-face-winter-whack-5-feet-of-snow-forecast-near-buffalo.html | http://web.archive.org/web/20150919113042id_/http://www.cnbc.com/2014/11/18/all-50-states-face-winter-whack-5-feet-of-snow-forecast-near-buffalo.html | All 50 States Face Winter Whack; 5 Feet of Snow Forecast Near Buffalo | 20150919113042 | All 50 states will see freezing temperatures on Tuesday, with millions of Americans facing another bitter blast of unseasonably cold air. Up to five feet of snow was possible south of Buffalo, New York, due to an "historic but highly localized lake effect snow event," according NBC News meteorologist Bill Karins.
An arctic blast has socked the nation for days, causing at least 17 deaths since Saturday. While last week's freeze focused on the Rockies and the Plains, the Midwest, Northeast and South shivered overnight. By 2:25 a.m. ET, Buffalo and Erie, Pennsylvania, had been buried under around two feet of snow.
More from NBC News:Round two: Another arctic blast pummels USWhy olive oil is about to get more expensiveThis iconic stadium to become 'urban outlet' mall
Karins said up to 100 record lows are expected Tuesday morning. The National Weather Service said "well below average" temperatures will stretch to the Gulf Coast — with most Mid-Atlantic states struggling to get above freezing on Tuesday. | Up to five feet of snow was possible south of Buffalo, N.Y., due to an "historic but highly localized lake effect snow event," according to NBC News. | 5.969697 | 0.969697 | 12.30303 | low | high | extractive |
http://www.bostonglobe.com/business/2015/09/16/neighborhood-health-seeks-change-image-cheap-insurer/yUGckdBMGcHH45XAZj28PM/story.html | http://web.archive.org/web/20150920003730id_/http://www.bostonglobe.com:80/business/2015/09/16/neighborhood-health-seeks-change-image-cheap-insurer/yUGckdBMGcHH45XAZj28PM/story.html | Neighborhood Health seeks to change image as ‘cheap’ insurer | 20150920003730 | Neighborhood Health Plan is seeking to shed its reputation of being just a low-cost health plan.
The insurer launched an ad campaign Wednesday imploring consumers and businesses to buy Neighborhood’s insurance not because it’s cheap, but because it’s good.
Boston-based Neighborhood has a key advantage compared to other low-cost plans. As a subsidiary of Partners HealthCare, the insurer’s network covers all of Partners’ 10 hospitals, including Massachusetts General and Brigham and Women’s.
The television ads are part of Neighborhood’s efforts to attract more commercial business from employers. The health plan largely serves people with low-incomes, and more than two-thirds of its members are on Medicaid, the government insurance program for the poor. In 2014, the insurer struggled with $100 million in losses; its performance has since improved.
“Airlines, cars, [and] retail have all evolved to where affordable no longer means cheap -- not something to fear but something that is important in the purchasing equation,” said Jim Garaventi, creative director of Mechanica, a Newburyport advertising firm that launched the campaign. “But when it comes to health plans -- where comparisons are hard to make -- ‘affordable’ is still often perceived as low quality. This marketing campaign was designed to take the fear out of affordable by highlighting all that NHP delivers.” | An ad campaign launched Wednesday implores consumers and businesses to buy Neighborhood’s insurance not because it’s cheap, but because it’s good. | 10.038462 | 0.961538 | 15.807692 | low | high | extractive |
http://www.cnbc.com/2014/12/30/airline-sues-man-for-founding-a-cheap-flights-website.html | http://web.archive.org/web/20150921115938id_/http://www.cnbc.com/2014/12/30/airline-sues-man-for-founding-a-cheap-flights-website.html | Airline sues man for founding a cheap flights website | 20150921115938 | United Airlines is suing a 22-year-old man for founding a website that helps travelers book cheap flights, according to CNN Money.
Orbitz has joined the suit against Aktarer Zaman, who last year founded skiplagged.com, a site designed to ferret out bargain plane tickets through a strategy called "hidden city." It skirts higher prices by allowing a user to buy a ticket with a layover in the flyer's actual destination, and the user just skips the last leg of the trip.
It only works if flyers travel without checked baggage and buy one-way tickets.
"[Hidden city tickets] have been around for a while, it just hasn't been very accessible to consumers," Zaman told CNNMoney.
Read MoreDon't toss it! Deals hidden in airline boarding passes
United Airlines and Orbitz claim "unfair competition" and are seeking $75,000 in lost revenue.
CNN Money reported that travel experts expect that even if the site is shut down, others like it will just pop up in its place.
Zaman did not respond to CNBC's request for comment.
Read the coverage at CNN Money. | United Airlines and Orbitz are suing a man for founding a website that helps travelers book cheap flights, according to CNN Money. | 9.083333 | 1 | 12.916667 | low | high | extractive |
http://www.people.com/article/betsy-palmer-dead-friday-the-13th-jason-mom | http://web.archive.org/web/20150921161510id_/http://www.people.com/article/betsy-palmer-dead-friday-the-13th-jason-mom | Actress Played Jason's Mom in Friday the 13th : People.com | 20150921161510 | 06/01/2015 AT 11:55 AM EDT
Betsy Palmer, the veteran character actress who became famous for playing Jason's murderous mom in the 1980 horror classic
, has died. She was 88.
The actress died Friday of natural causes at a hospice care center in Connecticut, her longtime manager told the Associated Press.
Palmer, whose film, TV and Broadway career began in the 1950s, achieved lasting recognition for portraying Mrs. Voorhees, the mother of the hockey-masked killer who murdered countless young camp counselors – a role she took only because she needed money to buy a car.
"My agent called and said, 'How would you like to be in a movie?' "
recalled her as saying. "I said, 'Great, I haven't done a movie since the 1960s.' "
Continued Palmer: "He said, 'It's 10 days' work, they'll pay you $1,000 a day.' I said, 'Great, I want to buy a car. It'll just cover the car, perfect,' " she said, adding that the Volkswagen she wanted cost $9,999. "He said, 'There's a drawback ... it's a horror film.' I said, 'Oh, no.' "
The actress called the script "a piece of junk" and was dismissive of the soon-to-be slasher classic. "Nobody is ever going to see this," she said. "This will come and go."
Palmer attended DePaul University in Chicago, trained at New York's famed Actors Studio and made her Broadway debut in 1955 in
opposite June Lockhart and Tom Poston. She later worked for nearly a decade as a regular panelist on the CBS game show
with Tyrone Power and Maureen O'Hara,
She also appeared in such Broadway plays as
in the 1960s and 1970s.
She is survived by a daughter, Melissa Merendino. | The 88-year-old veteran character actress had said she only took the role in the iconic slasher movie because she needed money to buy a car | 13.962963 | 0.851852 | 3.222222 | low | medium | mixed |
http://www.cnbc.com/2015/05/14/the-escort-indicator-wall-street-is-booming-again-commentary.html | http://web.archive.org/web/20150922011119id_/http://www.cnbc.com/2015/05/14/the-escort-indicator-wall-street-is-booming-again-commentary.html | The escort indicator: Wall Street is booming again | 20150922011119 | "Chelsea" moved to Manhattan 10 years ago from Canada specifically to be an escort. She's about to celebrate her 30th birthday. "After I was done with school, this was my plan. And I'll do it until I'm done doing it." She charges $1,000 an hour for her services and has a lot of interaction with traders.
"It's the market here in New York so that's what you're dealing with — Wall Street guys," Chelsea said. "They've got money and they want sex."
Read MoreBoom! Viagra may help cure malaria
When Chelsea moved to the city, the stock market was rising — but not all of her customers were. "I worked for an agency back then. Most of the calls were from coked-up traders. They couldn't get it up half the time, so I'd just sit there naked and do blow with them. It wasn't hard …" she laughed. Chelsea eventually got tired of giving part of her earnings to the agency and now works independently.
At her rate, Chelsea only works about five times a week and brings in over $200,000 a year. By contrast, other escorts charge just $400 an hour, focusing instead on a high-volume business.
"It's all about building a client base," Chelsea said. "I really don't have to market myself anymore."
During the financial collapse, things got a little slow for Chelsea and her friends, but since then, profits have been booming again. The markets have an indirect effect on the escort industry.
Read MoreAphrodite girls: Inside an alleged high-end escort service
"Business has been good," Chelsea said. "I can tell you firsthand that bonus season was great this year. Sometimes my guys like to talk about their jobs and stuff. They all got paid this January and February and then spent their money."
I spoke with a couple of Chelsea's friends who are also escorts and they all agreed. "The job description is part escort and part therapist," "Sierra" said. "So it's just good to know what's going on with the markets." Sierra is Chelsea's friend and business partner. Sometimes they go out on calls together.
During my 15 years working on Wall Street, I saw my share of people partaking in this service. I wouldn't say it was commonplace, but it definitely wasn't uncommon place either. I copped to some of this behavior in my book. And, I can say it's a lot easier to make a call to an escort service with a wad of cash in one pocket and a bag of blow in the other.
"Finance guys are my best and worst customers," Chelsea continued. "When I get a new client, it's 50/50 on whether or not he works on Wall Street. The younger guys want you to be there 15 minutes ago and usually just want to party. They're super aggressive and terrible in bed." Chelsea also said that some of her older clientele from Wall Street are very respectful and she works twice as hard for them. "It's all about making a connection with them."
"Most of them are Type A — big egos," Chelsea said of her Wall Street clients. "But when I get them naked, they're just as vulnerable as the rest of the guys."
Read MoreSteak, strippers & sweet rides: Wall Street's back
Chelsea doesn't take financial advice from clients but says she already has a few hundred thousand dollars saved up in some mutual funds for retirement.
"Some of them talk about their jobs and the markets," she said. "They very often open up and talk about real stuff like their kids or wives. Or what drama they're dealing with at work. I just listen."
I also spoke with "Holly," an escort from Vancouver who flies into New York City for her clientele. "I'm here every couple of months," she said. She and I decided to meet for a quick dinner before one of her appointments when she was in town. "I've got a retirement date — it's November of this year." She'll be 29 and has over $100,000 saved. After we ordered an appetizer I asked her about working with Wall Street guys. "I see them occasionally, but they're no better or worse than anyone else."
Holly charges $1,000 an hour with a two-hour minimum for her services and spends countless hours flying from city to city. "Last time I was in town, a Wall Street guy canceled on me last minute and then next morning he showed up and paid me anyway."
Among the several women I spoke with, it seems, escorts and Wall Street have a love / hate relationship. They do love the fact that their phone continues to ring, but sometimes hate the person on the other end of the call. While I realize it's impossible to debate the morality of this topic one way or the other without factoring in all of the other harm that might occur from this industry, it's really just like the stock market. It's all about supply and demand. | Wall Street escorts say business is booming again—bonuses were very good this year. Plus, you won't believe how much they make per hour. | 35.827586 | 0.758621 | 1.103448 | high | low | abstractive |
http://www.cnbc.com/2015/05/15/reuters-america-top-us-hedge-funds-adjust-energy-bets-on-sliding-oil-prices.html | http://web.archive.org/web/20150922011221id_/http://www.cnbc.com/2015/05/15/reuters-america-top-us-hedge-funds-adjust-energy-bets-on-sliding-oil-prices.html | Top U.S. hedge funds adjust energy bets on sliding oil prices | 20150922011221 | NEW YORK, May 15 (Reuters) - Top U.S. hedge fund managers made contrasting bets on energy companies in the first quarter, with Greenlight Capital's David Einhorn sticking with names pummeled by falling oil prices, while Hayman Capital's Kyle Bass bet on frackers, regulatory filings showed on Friday.
Einhorn's $11 billion Greenlight Capital increased its stake in Consol Energy Inc by 7.3 million shares to 20.6 million shares and kept its stake in Oil States International Inc unchanged at 265,028 shares over the quarter, according to the Securities and Exchange Commission filings, despite losses of about 18 percent and 19 percent in those companies' respective stock prices.
Einhorn, an activist investor who made his name betting against Lehman Brothers months before the investment bank crumbled, slammed fracking companies at the Sohn Investment Conference in New York on May 4 as cash-burners. Consol is a coal and natural gas producer, while Oil States International is an oil services company.
Hayman's regulatory filings, meanwhile, showed that the firm took small positions in each of the five fracking companies that Einhorn would later warn against, including Pioneer Natural Resources Co, which Einhorn called the "mother fracker."
U.S. crude prices fell over 10 percent in the first quarter with prices hitting a six-year low of $42 a barrel on March 18. EOG and Whiting Petroleum Corp, two of the fracking companies Hayman bought that Einhorn later criticized, fell 0.4 and 6.4 percent, respectively.
John Paulson's Paulson and Co reacted differently to the drop in Whiting's stock price and cut its stake in the company by 7.5 percent to 12.4 million shares.
U.S. crude, which has since recovered about 34 percent to nearly $60 a barrel since mid-March, was trading as high as $107 last June before being hit by oversupply.
Of Hayman's 26 positions in the first quarter, all but four were in energy companies. While small, with the biggest being a 114,143 share stake in exploration and production company Penn Virginia Corp, the positions were all new.
Other top hedge funds reacted differently to falling oil prices, with Soros Fund Management increasing its stake in oil services company Baker Hughes Inc by 6.6 percent to 407,850 shares and Dan Loeb's Third Point LLC cutting its stake in Phillips 66 by 1 million shares to 4 million shares.
Baker Hughes and Phillips 66 performed well in the quarter despite the oil rout, rallying 13.4 percent and 10 percent, respectively.
(Reporting by Sam Forgione. Editing by Andre Grenon) | NEW YORK, May 15- Top U.S. hedge fund managers made contrasting bets on energy companies in the first quarter, with Greenlight Capital's David Einhorn sticking with names pummeled by falling oil prices, while Hayman Capital's Kyle Bass bet on frackers, regulatory filings showed on Friday. Einhorn's $11 billion Greenlight Capital increased its stake in Consol... | 7.461538 | 0.969231 | 36.446154 | low | high | extractive |
http://www.cnbc.com/2015/09/03/globe-newswire-marley-coffeer-cafe-valet-announce-partnership.html | http://web.archive.org/web/20150924005002id_/http://www.cnbc.com/2015/09/03/globe-newswire-marley-coffeer-cafe-valet-announce-partnership.html | Marley Coffee(R), Cafe Valet Announce Partnership | 20150924005002 | DENVER, Sept. 3, 2015 (GLOBE NEWSWIRE) -- Marley Coffee (OTCQB:JAMN), the sustainably grown, ethically farmed and artisan-roasted premium coffee company, today announced a partnership with Courtesy Products, manufacturer of the Café Valet Single-Serve Coffee System. Three Marley Coffee items compatible with the system will be sold in 84-count packages: "Mystic Morning" medium roast, "Buffalo Soldier" dark roast, and "Simmer Down" decaffeinated dark roast, available for purchase at www.cafevalet.com.
With more than 100 million servings per year in more than one million hotel rooms, hotel guests have enjoyed Café Valet's in-room, single-serve coffee service since 2003. The company recently entered the consumer market with its single-serve coffee system that delivers a great-tasting 10 oz. cup of coffee in just minutes with the touch of a button.
Additionally, Café Valet will be taking the Marley Coffee single-serve packs into other settings where the brewers are used, including offices, food service settings and college dormitories.
While other single-serve home brewers start at around $100 retail, Café Valet's brewers start out at just $16.99, giving the economical Café Valet Single-Serve Coffee System the opportunity to convert new adopters within the rapidly growing segment. By partnering with Café Valet's affordable brewing system, Marley Coffee is aggressively expanding its leadership position in the premium single-serve category.
"Whether experienced at a hotel or bought online, we are confident that consumers will fall in love with the great taste and unique story behind Marley Coffee, and we are proud to carry it as one of our premium coffee brands," said Courtesy Products President Matt Schwarz. "The brand especially resonates with millennials, who will benefit significantly from the lower cost to entry into single-serve brewing that Café Valet provides. This partnership will make great strides in expanding the fast-growing single-serve coffee category to a growing segment of users."
The Café Valet brewers, which have been the industry standard for single-serve brewing in the hospitality industry since 2003, use less power and take up less space than its competitors. The partnership will leverage both companies' national account relationships and increased demand by consumers for low-cost personal and professional use single-serve brewers.
"We want our coffee available to all people, in every format, everywhere, which is why we are excited to join Café Valet's affordable brew system that re-asserts our commitment to freedom of choice for consumers in coffee," said Marley Coffee Chairman and Founder Rohan Marley. "We are honored that Café Valet has chosen to elevate the coffee experience in-room and at home with our brand, and are confident the partnership will further expand our presence in the premium single-serve category. I'm especially excited to see the brand grow in the hospitality space, so I can get my daily cup of Marley Coffee even when I'm away from home."
For more information on Café Valet, visit CafeValet.com. For more information on Marley Coffee, visit MarleyCoffee.com.
About Jammin Java Corp., d/b/a Marley Coffee
Marley Coffee (corporate name Jammin Java Corp.) is a U.S.-based company that provides premium, artisan roasted coffee to the grocery, retail, online, service, hospitality, office coffee service and big box store industry. Under its exclusive licensing agreement with 56 Hope Road, the company continues to develop its coffee lines under the Marley Coffee brand. The company is a fully reporting company quoted on the OTCQB under the symbol "JAMN." For additional information, follow Marley Coffee on Facebook, Twitter and visit MarleyCoffee.com or visit the Investor Relations section at Investor.MarleyCoffee.com.
Since 2003, Café Valet's 100 percent Arabica coffees have been enjoyed by millions of consumers in hotels across the United States. Today, more than one million hotel rooms feature Café Valet's patented single-serve coffee system, with more than 100 million servings annually. Café Valet's parent company, St. Louis-based Courtesy Products, has been serving the lodging industry for more than 60 years. For more information, visit CafeValet.com.
CONTACT: Media Contact: Maian Tran Marley Coffee 303-396-1756 pr@marleycoffee.com | DENVER, Sept. 3, 2015-- Marley Coffee, the sustainably grown, ethically farmed and artisan-roasted premium coffee company, today announced a partnership with Courtesy Products, manufacturer of the Café Valet Single-Serve Coffee System. While other single-serve home brewers start at around $100 retail, Café Valet's brewers start out at just $16.99, giving... | 11.591549 | 0.985915 | 25.521127 | low | high | extractive |
http://www.cnbc.com/2015/06/26/mcdonalds-quarter-pounder-is-getting-bigger-really.html | http://web.archive.org/web/20150924153327id_/http://www.cnbc.com/2015/06/26/mcdonalds-quarter-pounder-is-getting-bigger-really.html | McDonald's Quarter Pounder is getting bigger (really!) | 20150924153327 | So why is McDonald's tinkering with one of its most popular items?
The change "improves the taste, texture and appearance of the burgers" since the "patties retain more moisture resulting in a juicier and more flavorful burger," according to the document. The chain hopes the swaps will strengthen its core burger platform and increase burger sales.
Read MoreThisis McDonald's real opportunity: Analyst
McDonald's faces stiff competition in the burger segment as brands like Shake Shack, Sonic and Whataburger expand. Meanwhile, same-restaurant sales at McDonald's have continued to retreat, falling 2.4 percent year to date domestically.
The latest quarter-pounder moves provide more tangible evidence of just how McDonald's plans to turn around its struggling business. Easterbrook has already pledged to recommit to "tastier food across the menu." As part of this, he has said the chain will toast buns longer and change the way it sears and grills its beef.
It is also testing all-day breakfast, a top customer request, in some markets.
The quarter-pounder increase comes amid higher beef prices nationwide. During the first quarter, McDonald's noted U.S. commodity costs rose about 2 percent, due largely to higher beef prices, and the chain increased prices as a result. | Beefier is better. Or at least that is fast food giant McDonald's bet as it tries to increase burger sales. | 10.73913 | 0.608696 | 1.217391 | low | low | abstractive |
http://www.cnbc.com/2015/05/04/stop-hating-on-facebooks-evil-algorithm-commentary.html | http://web.archive.org/web/20150924163633id_/http://www.cnbc.com/2015/05/04/stop-hating-on-facebooks-evil-algorithm-commentary.html | Stop hating on Facebook's 'evil' algorithm | 20150924163633 | That's where the challenges — and sometimes frustrations — come into play. But rather than thinking of the algorithm as an arbitrary — or evil — robot, I challenge all of us to look at it differently.
Maybe the algorithm is your friend.
Read MoreThe Kate Middleton effect
As social publishers, instead of an "us versus them" mentality, we should be asking ourselves, "What is the purpose of the algorithm?" It's a pretty simple answer.
Though I don't work there, I would venture to say that Facebook works every day to get the right content in front of the right users. If they fail at this task, their users won't be happy, and Facebook could run the risk of losing parts of its audience. Assuming Facebook's algorithm works as the company wants it to, if your content isn't as visible as it once was after a change is made, it's because users don't want to see your content anymore, or at least not as often. That's the harsh truth.
The knee-jerk reaction, which I hear all the time, is, "But my fans LIKED my page. They want to see it! They should see it!" While this is certainly not false, it's only partially true. Your page likely represents 1 percent of what that user has liked on Facebook —– and that's not even counting their real-time friends whose updates take up a significant portion of the newsfeed. The competition for a spot in the feed is fierce and there's only one way to win — help Facebook show your great content to the right users. That's what Facebook wants. That's what digital publishers should want, too.
Read MoreMayweather-Pacquiao: The REAL winner
Ask yourself, "Who really wants to see my content? Who is actually engaging with it? And why?
Facebook is constantly building tools for publishers to answer these questions more accurately and react accordingly. When Facebook introduced the ability to target organic posts, it's because they want you to use it. Every single post in every single user's feed is important. If the algorithm, as brilliant as it is, has to "find" the right audience out of a broad base that you've blasted your content to, it may lead to unhappy users and potentially wasted paid impressions.
Facebook's ultimate goal is for every single post in every single feed to be the perfect one at the perfect time. Remember that.
Read More13 famous logos with hidden messages
When you start looking at the algorithm as working for you, it shapes how you view your own content and distribute it. Once you do so, you will no longer be the screaming preacher on the corner getting positive attention from one person while annoying 100 others. Instead, you can fine-tune your content and message to exactly the right people. This precision — at scale — is more powerful than any marketing opportunity in history.
As Facebook continues to evolve, publishers will, too. But at the end of the day, we want to reach users that legitimately love our content and will engage with it. When you realize that's precisely what Facebook wants, too, you can stop worrying about the "evil" algorithm — and treat it instead as a useful tool to build a long-term, loyal audience, a brand, and a business. | The creator of viral-content site ViralNova says Facebook's new algorithm isn't an "evil robot," it's your friend. C'mon. Hug your friend. | 20.8125 | 0.75 | 1.5625 | medium | low | mixed |
http://www.cnbc.com/2014/12/16/72m-whiz-kid-investor-made-the-whole-thing-up.html | http://web.archive.org/web/20150924230109id_/http://www.cnbc.com/2014/12/16/72m-whiz-kid-investor-made-the-whole-thing-up.html | $72M 'whiz kid' investor made the whole thing up | 20150924230109 | Mo Islam, the 17-year-old "whiz kid" investor who suggested he'd made $72 million trading stocks on his high school lunch breaks, admits now he made much less than that.
After a long day in the media spotlight, Islam admitted to the New York Observer late Monday night that the whole thing had been a fabrication and that he had not made anything at all trading stocks.
"The people I'm most sorry for is my parents. I did something where I can no longer gain their trust," he told the magazine in a question-and-answer session at the office of a public relations firm.
The controversy started with a New York magazine article that suggested Islam was fabulously wealthy for a boy his age, the result of astute stock picking at school.
But skeptics pounced on the story almost immediately, and in a CNBC interview at midday Monday, Islam said the New York article was not accurate. He intimated that his trades had netted a few million dollars but dodged repeated questions.
(Late Tuesday morning, New York posted an apology to readers in which it said it had been duped. Islam himself also posted an apology video on YouTube.)
For the full Observer story click here. | Mohammed Islam, the supposed 'whiz kid' investor who allegedly made $72 million trading stocks, admits now he made absolutely nothing. | 9.346154 | 0.730769 | 3.038462 | low | low | mixed |
http://www.cnbc.com/2015/05/06/how-oil-is-causing-bond-yields-to-spike.html | http://web.archive.org/web/20150924233524id_/http://www.cnbc.com/2015/05/06/how-oil-is-causing-bond-yields-to-spike.html | Oil causing sovereign bond yields to spike? | 20150924233524 | It all seemed so certain.
Market participants watched the yield on the 10-year German sovereign bund tick ever closer to the zero mark in April, all the time taking bets on when, not if, it would mean that investors would be paying for the privilege of holding German government paper.
But like many times before, market consensus got it wrong and the fixed income markets snapped back causing a reversal in global assets like major equity benchmarks and foreign exchange.
"These shifts run counter to many of our core views, as well as what were clear consensus positions amongst many of our clients," a team at Goldman Sachs Global Investment Research said in a morning note on Wednesday.
Read MoreHas the bond party come to an abrupt end?
Many are still in the dark as to what actually happened. Some believe that the European Central bank (ECB) might have slipped up in its bond-buying duties, causing the spike by leaving the market unattended for a matter of hours. But many see a growing debate about inflation as the real reason behind the move, with a resurgent oil price causing both stocks and bonds to move downwards.
The trifecta of moves – a stronger currency, rising yields and a falling equity market – had a coherent macroeconomic story about it, according to Goldman Sachs. This suggests that the market is questioning European policy commitment in an environment where inflation expectations are starting to inch higher, the bank said, which it adds could be caused by a recent climb in oil prices.
Fuel prices are a key ingredient to a basket of goods and services that make up inflation statistics in most countries, with oil being a major input in motor fuels and other manufactured goods. It can also impact on food prices as lower motor fuel prices reduces the cost of transporting goods. The Office for National Statistics in the U.K. has repeatedly highlighted the sizeable drops in the oil price and how that has weighed on consumer price data which has recently hit multi-year lows. | Market participants are questioning whether a recent climb in oil prices has caused a spike in bond yields. | 20.315789 | 0.947368 | 2.631579 | medium | high | mixed |
http://www.cnbc.com/2015/05/08/nonfarm-payrolls-take-center-stage-on-wall-street.html | http://web.archive.org/web/20150925041052id_/http://www.cnbc.com/2015/05/08/nonfarm-payrolls-take-center-stage-on-wall-street.html | Futures extend gains, tripling on jobs report | 20150925041052 | Sterling also rallied, jumping over 1 percent to trade at 1.5447 against the dollar.
Government bond yields also eased back from highs seen on Thursday, with the U.S. 10-year Treasury trading around 2.1512 percent, while the German 10-year Bund yields held near 0.58 percent after nearly hitting 0.8 percent.
Major earnings due on Friday include AOL, BioCryst Pharma and Crocs.
AOL reported adjusted quarterly profit of 34 cents per share, two cents above estimates, while revenue was well above forecasts. AOL's results were driven by strength in video, mobile, and programmatic advertising.
Bojangles priced its initial public offering at $19 per share, above the expected range, giving the company a $680 million value. The restaurant chain will begin trading today on Nasdaq.
Salesforce stock is on watch again today, with Reuters reporting that Microsoft is not considering a bid for the business software maker. Reports earlier this week said Microsoft was considering an offer for Salesforce.
RBC initiated coverage Whirlpool with an "outperform" rating, calling the appliance maker an exceptionally well-managed company that will benefit from a favorable competitive environment in North America.
Read More Early movers: AOL, WHR, PM, CBS, NOK & more
Oil held near lower levels on Friday, as concerns over oversupply outweighed strong Chinese import figures.
Benchmark Brent crude was at $65.76 per barrel, while U.S. crude traded near $59 a barrel.
—CNBC's Peter Schacknow contributed to this report. | U.S. stock index futures indicated a higher open on Friday as investors digested the April jobs report. | 15.833333 | 0.5 | 0.722222 | medium | low | abstractive |
http://www.cnbc.com/2015/05/11/reuters-america-update-1-finlands-fiskars-buys-wedgwood-tableware-maker-for-437-mln.html | http://web.archive.org/web/20150925070357id_/http://www.cnbc.com/2015/05/11/reuters-america-update-1-finlands-fiskars-buys-wedgwood-tableware-maker-for-437-mln.html | UPDATE 1-Finland's Fiskars buys Wedgwood tableware maker for $437 mln | 20150925070357 | (Adds background, share reaction, analyst comment)
HELSINKI, May 11 (Reuters) - Finnish home and garden products company Fiskars said it was buying china and glass maker WWRD for $437 million to put more focus on luxury brands and boost growth in the United States.
WWRD, which manufactures under brands such as Wedgwood, Waterford and Royal Doulton, is currently owned by U.S. private equity firm KPS Capital Partners and has sales of $432 million, about half of Fiskars' annual revenue.
New York-based KPS acquired the brands in 2009 following the collapse of their former parent company,
Fiskars, best-known for its scissors and garden tools, has in recent years acquired Nordic kitchenware makers Iittala and Royal Copenhagen
It had been expected to pursue new deals after it divested some financial assets last year that also prompted a special dividend.
Shares in the company rose 5.2 percent by 0911 GMT.
"The purchase price of 13 times per EBIT looks sensible to me. That's the same valuation level that Fiskars itself has," said Nordea analyst Rauli Juva.
"Fiskars seems to think they will benefit from a wider, more global brand portfolio."
The deal was expected to close at the beginning of July.
(Reporting by Jussi Rosendahl and Anna Ercanbrack; Editing by Mark Potter and Keith Weir) | HELSINKI, May 11- Finnish home and garden products company Fiskars said it was buying china and glass maker WWRD for $437 million to put more focus on luxury brands and boost growth in the United States. WWRD, which manufactures under brands such as Wedgwood, Waterford and Royal Doulton, is currently owned by U.S. private equity firm KPS Capital Partners and has... | 3.838235 | 0.970588 | 29.676471 | low | high | extractive |
http://www.cnbc.com/2015/05/10/political-tensions-mount-for-indonesias-widodo-as-economy-skids.html | http://web.archive.org/web/20150925080552id_/http://www.cnbc.com/2015/05/10/political-tensions-mount-for-indonesias-widodo-as-economy-skids.html | Political tensions mount for Indonesia's Widodo as economy skids | 20150925080552 | Slow progress boosting growth and sniping from within Widodo's party have left the former furniture salesman, who many people hoped would be able to spur a quick economic recovery, increasingly isolated.
"There is too much bad, bad policymaking that's happening right now," said one senior executive at multinational company in Jakarta. "It's a combination of people trying to learn on the job and not getting stuff done."
A slump in commodity prices has added to the economic headwinds for the resource-rich economy.
Widodo did move quickly when global oil prices plunged by scrapping petrol subsidies and freeing up some $20 billion to spend on ports, roads and railways.
But the country's slow-moving bureaucracy has struggled to spend the cash, and many infrastructure projects, pivotal to boosting investment, are tied up in red tape. As of April 25, the government had spent only 7 trillion rupiah ($537.8 million), or 2 percent, of its 290 trillion rupiah budget for infrastructure spending.
Read MoreIndonesia's growth stumbles in first quarter
Slow government spending was partly behind the slide in gross domestic product growth to 4.7 percent in the first quarter of this year.
Purbaya Yudhi Sadewa, the president's deputy chief of staff, says palace officials know the economy is slowing but feel they are being let down by a cabinet heavy on politicians and short on experienced technocrats.
"The president has led the way, he has cleared up here and there himself, rather than the government. So I hope that the ministers will follow. If I were the president, I'd command them to," he said.
Widodo's Indonesian Democratic Party of Struggle (PDI-P) is taking advantage of his troubles to push for greater representation in the government. That could come, they hope, with a cabinet reshuffle.
One senior palace adviser, who asked not to be named, said Chief Economics Minister Sofyan Djalil and Finance Minister Bambang Brodjonegoro would probably survive a cabinet reshuffle because they are seen by investors as safe pairs of hands.
However mid-ranking ministers, such as those responsible for trade, industry, planning and public works, may be dropped.
Vice President Jusuf Kalla has repeatedly said a reshuffle could take place within weeks. Widodo has not commented on the matter, but with opinion polls showing public dismay as inflation nudges higher, a near-term reshuffle is widely expected.
Read MoreWill Indonesia's Mideast maid ban backfire?
In their defense, ministers say they have been hindered by a re-write of Widodo's budget.
"The new government had to start again with the revision of the state budget in February," Djalil told reporters.
He said problems with bureaucracy are being fixed and tenders have been made for all projects under the public-works ministry, which oversees the bulk of infrastructure spending.
Ministers say they are confident the economy is over the worst, though concede growth could be as low as 5.2 percent this year, below the official target of 5.7 percent.
Djalil insisted Widodo is not disappointed with the economics team, though "everybody needs to move faster".
If the economy doesn't recover soon then Widodo, the first Indonesian president from outside the political or military establishment, may find it hard to resist pressure to include more PDI-P in a new cabinet.
A reshuffle less than a year into his presidency could be seen as a failure to appoint competent officials in the first place, Jakarta-based Concord Consulting group wrote in a research note.
"There is also no guarantee that the replacements will fare any better, especially if the process of selecting new ministers is marred with political interests," it said. | Slow progress boosting growth and sniping from within the Indonesian president's own party have left the former furniture salesman increasingly isolated. | 31.478261 | 0.956522 | 5.565217 | medium | high | mixed |
http://www.cnbc.com/2015/05/13/this-biotech-stock-is-a-bargain-strategist.html | http://web.archive.org/web/20150925161233id_/http://www.cnbc.com/2015/05/13/this-biotech-stock-is-a-bargain-strategist.html | This biotech stock is a bargain: Strategist | 20150925161233 | Read MoreBiotech investors: These are the key names to know
Gilbert notes that overall sentiment also seems to be quite bullish on the stock. Of the 26 analysts who cover Celgene, 81 percent rate it as a "buy" and less than 4 percent rate it as a "sell"—despite the fact that Celgene is trading 12 percent below its 52-week high hit in late March.
What Gilbert finds most attractive about Celgene is the recent decline of options prices. "Options prices are some of the lowest we've seen over the past two years," said Gilbert, head of derivative strategy at Susquehanna Financial Group.
So to take advantage of the bullish sentiment and cheap options, Gilbert simply bought a call option. Specifically, she looked to purchase the June 115-strike calls for $3.25. Since buying a call allows one to purchase a stock at a given price for a given time, Gilbert is betting that Celgene will rise above $118.25 by June expiration. That's a 4 percent rally in just a month.
"This is a good way to gain exposure to the stock while limiting risk," said Gilbert. | Options expert Stacey Gilbert explains why Celgene is trading at a discount to its peers. | 13.6875 | 0.625 | 1.125 | low | low | abstractive |
http://www.cnbc.com/2015/08/06/reuters-america-update-1-us-hospitals-urge-doj-antitrust-probe-of-anthem-cigna-deal.html | http://web.archive.org/web/20150925182119id_/http://www.cnbc.com/2015/08/06/reuters-america-update-1-us-hospitals-urge-doj-antitrust-probe-of-anthem-cigna-deal.html | UPDATE 1-U.S. hospitals urge DOJ antitrust probe of Anthem-Cigna deal | 20150925182119 | (Adds Anthem comment, paragraph 5)
NEW YORK, Aug 6 (Reuters) - U.S. hospitals urged antitrust regulators this week to consider whether health insurer Anthem Inc's planned acquisition of rival Cigna Corp would boost healthcare costs.
In a letter to the Department of Justice, the hospital industry's largest lobbying group said combining the No. 1 and No. 5 health insurers threatens to reduce competition in 817 geographic markets serving 45 million consumers.
In many of those markets, the American Hospital Association said, there are no strong competitors to buy assets that Anthem or Cigna might want to sell to pass muster with federal authorities. State insurance regulators will also look at the deal.
A Cigna spokesman did not have an immediate comment.
Anthem said in an emailed statement that it plans to meet with stakeholders, including hospitals. "Our commitment to ensuring consumers have access to affordable health coverage and quality care is the foundation of the proposed transaction," the statement said.
On July 24, Anthem announced plans to buy Cigna for $47 billion, just weeks after Aetna Inc inked an agreement with Humana Inc. The deals will reduce the number of national insurers to three from five.
Anthem and Cigna have said they expect the deal to pass antitrust scrutiny and they have considered where asset sales might be needed.
The hospital association said in the letter dated Aug. 5 that it doubted Anthem and Cigna would find a suitable buyer for assets that provide insurance plans to millions of customers, also known as covered lives.
"In the 817 at-risk markets, over half the lives that need to be divested reside across 368 (metro regions) and rural counties with no divestiture possibility," the group wrote.
Anthem and Cigna may need to divest from 2.9 million to 3.7 million covered lives in the commercial business to preserve competition in those markets, it said, and 1.7 million to 2 million of those are in markets with no suitable acquirer. The analysis was based on the Herfindahl-Hirschman Index that measures market concentration.
In the commercial self-funded insurance business, where employers pay Anthem and Cigna to manage benefits, 4.4 million to 4.7 million covered lives may need to be sold, and there is no satisfactory acquirer for 2.8 million to 3 million lives, the letter said.
The hospitals also urged the DOJ to look at the reduced competition in the market for national customers, citing the Federal Trade Commission case against Sysco Corp., which the FTC won.
(Reporting by Caroline Humer; Editing by David Gregorio) | NEW YORK, Aug 6- U.S. hospitals urged antitrust regulators this week to consider whether health insurer Anthem Inc's planned acquisition of rival Cigna Corp would boost healthcare costs. In many of those markets, the American Hospital Association said, there are no strong competitors to buy assets that Anthem or Cigna might want to sell to pass muster with... | 7.6875 | 0.96875 | 26.8125 | low | high | extractive |
http://www.cnbc.com/2014/11/26/heres-what-could-end-apples-winning-streak.html | http://web.archive.org/web/20150925183840id_/http://www.cnbc.com/2014/11/26/heres-what-could-end-apples-winning-streak.html | Here's what could end Apple's winning streak | 20150925183840 | While Wall Street is hopeful that the Apple Watch will be a new revenue generator, the company still runs the risk of weak consumer adoption.
"I think the Watch, does it really become the next product for them or is it just a cool accessory? They need it to be the next product, a new category for them. If it's not, if it doesn't become one like some of the other smartwatches out there, that's a downside risk," Basenese said.
Poor battery life, not enough use cases and high price point are just a few of the things that could also deter consumers from purchasing the device, industry experts said.
"It's probably the use cases and the battery life. Why does one need to go out and buy an Apple watch, suddenly having a product that needs to be charged every day? It's not the most convenient thing," Daryanani said.
Still, though, Daryanani said that he estimates Apple will begin selling the devices in March and will sell 20 million units at an average price of $520 in 2015. In total, he predicts that Apple Watch sales will come to $10 billion in additional revenue and 40 cents in earnings per share. Given that the Apple Watch is only compatible with models of the iPhone 5 or later, though, he said estimates should remain conservative.
Besides adoption of the watch, investors should also be keeping an eye on how well Apple Pay fares, Basenese said.
"If traction isn't significant right out of the gate, they are going to be playing catch up. Apple will have to explain why they aren't getting more adoption," Basenese said. "They have the credit cards on file, they have the smartphones in peoples' hands, there are plenty of places where consumers can use it. Explaining why they don't have traction, would become a significant problem."
Apple did not immediately respond to a request for comment. Still, the company seems confident of its chances for success. CEO Tim Cook said during Apple's last earnings conference call that demand for the iPhone 6 is "off the charts." He also said that "we are heading into the holiday season with Apple's strongest product lineup ever." And "we are also incredibly excited about the Apple Watch and other great products and services in the pipeline for 2015."
Apple also predicts that it will sell more products in the three months leading up to January than it did in all of 2010. | Here's what perils Apple pros are worried about. | 49.2 | 0.5 | 0.5 | high | low | abstractive |
http://www.cnbc.com/2015/08/28/pr-newswire-big-lots-announces-executive-management-promotions-to-support-long-term-strategic-plans.html | http://web.archive.org/web/20150925190646id_/http://www.cnbc.com/2015/08/28/pr-newswire-big-lots-announces-executive-management-promotions-to-support-long-term-strategic-plans.html | Big Lots Announces Executive Management Promotions To Support Long Term Strategic Plans | 20150925190646 | COLUMBUS, Ohio, Aug. 28, 2015 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) announced three executive promotions along with realignment of responsibilities, all with the singular focus of supporting the Company's long term strategy and enhancing shareholder value.
Commenting on today's announcement, David Campisi, CEO and President stated, "Lisa, TJ, and Mike have been by my side from the beginning helping to lead the significant transformation of our strategy, and our company's culture. Over the last two years, the team has attracted talent, developed a long term strategy, made the tough decisions, and delivered upon our financial commitments. Our results over the last six quarters have shown significant improvement, both financially and with our core customer Jennifer. I am proud of our accomplishments and believe we are truly at the beginning of the beginning of something very special here at Big Lots."
Lisa M. Bachmann was promoted to Executive Vice President, Chief Merchandising and Operating Officer with primary responsibility for the Merchandising, Planning and Allocation, and Global Sourcing teams. Additionally, she will maintain responsibility for the Information Technology strategy and team, which is tightly integrated with the future of merchandising, particularly in the form of the development of our Ecommerce strategy. Ms. Bachmann has held a number of different roles of increasing responsibility while serving Big Lots for the last 13 years culminating in her prior role as Executive Vice President and Chief Operating Officer.
Commenting on Ms. Bachmann's promotion, Campisi stated further, "Lisa has been invaluable to me over the last two years as we have transformed our company. She has provided leadership to the business as we have 'edited to amplify' our merchandise offering, executed major systems conversions in our stores and distribution centers, and implemented new processes, disciplines, and training initiatives throughout our 1,460 stores. Lisa owns a major component of the Jennifer (core customer) pillar of our strategy, and I am confident she and her new teams will produce great results in the future. I am very proud to have such a talented executive ready to step into the top merchant role at this critical time in the evolution of our business."
Timothy A. Johnson was promoted to Executive Vice President, Chief Administrative Officer and Chief Financial Officer, with primary responsibility for the Accounting and Finance functions, Asset Protection of our stores, offices, and distribution centers, and the Real Estate team. In his new role, he assumes responsibility for the company's distribution centers and global logistics operations. Mr. Johnson has been with Big Lots for 15 years and held numerous roles with increasing responsibility culminating in his prior role of Executive Vice President, Chief Financial Officer.
Commenting on Mr. Johnson's promotion, Campisi commented, "TJ has a great team in finance which from day one has allowed me to lean on him for more than just the numbers. He's a CFO who understands retail and all aspects of our business and has helped me to provide leadership and strategic direction. This deep retail and Big Lots specific knowledge allows him to effectively communicate and earn respect and credibility from analysts and investors who follow our company. He owns the Shareholder pillar of our strategy, and is a hard driver for results and efficiency in our operations. I am excited for him in his new role."
Michael A. Schlonsky was promoted to Executive Vice President, Human Resources and Store Operations, with primary responsibility for our associates and associate relations. In his new role, Mr. Schlonsky assumes responsibility for all aspects of operations in our 1,460 stores from coast to coast. Mr. Schlonsky has been with Big Lots for 22 years and held numerous positions of increasing responsibility culminating in his prior role of Senior Vice President, Human Resources.
Commenting on Mr. Schlonsky's promotion, Campisi added, "Mike has been a tremendous partner to me as we reshaped our company culture and have significantly changed the management team and structure over the last two years. He and his team have done a wonderful job of attracting talent to Big Lots, and I would stack our management team up against any team out there in retail. Mike is a good collaborator and working with me and the executive team, we have transformed our culture and significantly increased associate engagement across all disciplines in our business. Mike owns the Associate pillar of our strategy, and I am confident he will add value to the strategy in his new role."
In conjunction with these promotions, the Company announced the departure of Richard Chene, former Executive Vice President, Chief Merchandising Officer, effective yesterday, August 27, 2015.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and such statements are intended to qualify for the protection of the safe harbor provided by the Act. The words "anticipate," "estimate," "expect," "objective," "goal," "project," "intend," "plan," "believe," "will," "should," "may," "target," "forecast," "guidance," "outlook" and similar expressions generally identify forward-looking statements. Similarly, descriptions of our objectives, strategies, plans, goals or targets are also forward-looking statements. Forward-looking statements relate to the expectations of management as to future occurrences and trends, including statements expressing optimism or pessimism about future operating results or events and projected sales, earnings, capital expenditures and business strategy. Forward-looking statements are based upon a number of assumptions concerning future conditions that may ultimately prove to be inaccurate. Forward-looking statements are and will be based upon management's then-current views and assumptions regarding future events and operating performance, and are applicable only as of the dates of such statements. Although we believe the expectations expressed in forward-looking statements are based on reasonable assumptions within the bounds of our knowledge, forward-looking statements, by their nature, involve risks, uncertainties and other factors, any one or a combination of which could materially affect our business, financial condition, results of operations or liquidity.
Forward-looking statements that we make herein and in other reports and releases are not guarantees of future performance and actual results may differ materially from those discussed in such forward-looking statements as a result of various factors, including, but not limited to, current economic and credit conditions, the cost of goods, our inability to successfully execute strategic initiatives, competitive pressures, economic pressures on our customers and us, the availability of brand name closeout merchandise, trade restrictions, freight costs, the risks discussed in the Risk Factors section of our most recent Annual Report on Form 10-K, and other factors discussed from time to time in our other filings with the SEC, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. This release should be read in conjunction with such filings, and you should consider all of these risks, uncertainties and other factors carefully in evaluating forward-looking statements.
You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and SEC filings.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/big-lots-announces-executive-management-promotions-to-support-long-term-strategic-plans-300134522.html | COLUMBUS, Ohio, Aug. 28, 2015/ PRNewswire/-- Big Lots, Inc. announced three executive promotions along with realignment of responsibilities, all with the singular focus of supporting the Company's long term strategy and enhancing shareholder value. I am proud of our accomplishments and believe we are truly at the beginning of the beginning of something very... | 23.709677 | 0.951613 | 20.145161 | medium | high | extractive |
http://www.cnbc.com/2015/05/19/wall-street-eyes-another-record-ahead-of-housing.html | http://web.archive.org/web/20150926110643id_/http://www.cnbc.com/2015/05/19/wall-street-eyes-another-record-ahead-of-housing.html | Futures hold gains after housing data | 20150926110643 | Major earnings on Tuesday include Home Depot, Wal-Mart, Dick's Sporting Goods, TJX Companies and Red Robin Gourmet Burgers before market open. Autodesk is due after the bell.
Home Depot—The home improvement chain reported adjusted quarterly profit of $1.16 per share, 1 cent above estimates, with revenue also above forecasts. Same-store sales were also better than expected, and Home Depot raised its full-year earnings and sales forecasts.
Wal-Mart—The retail giant earned an adjusted $1.03 per share for the first quarter, 1 cent below estimates, with revenue also below forecasts. Comparable-store sales also registered a lower-than-expected increase for the quarter.
Dick's Sporting Goods—The sporting goods retailer beat estimates by 4 cents with quarterly profit of 57 cents per share, with revenue essentially in line. However, its comparable-store sales increase of 1 percent was shy of the 1.5 percent consensus. The company also raised the low end of its full-year earnings guidance.
TJX Cos., the owner of off-price chains TJ Maxx and Marshalls, reported a 5.8 percent rise in quarterly sales as more customers visited its stores and the company expanded its offerings.
Read More Early movers: HD, WMT, DKS, RCL, URBN, SBUX & more
European equities were sharply higher in morning trade on Tuesday, with investors reacting to corporate earnings and focusing on comments by a member of the European Central Bank.
Euro zone bond yields fell and the single currency lost over 1 percent against the dollar in the morning session, after Benoit Coeure, a member of the European Central Bank's Executive Board, hinted that the central bank could be ready to "front-load" its current quantitative easing (QE) program, according to Reuters. This would see the central bank buy up more assets and be more aggressive in the near term, which spurred investors into a bout of buying on Tuesday.
The euro fell to as low as $1.114 early in the day, after starting the session at $1.131. The 10-year benchmark German Bund yield briefly fell to 0.56 percent and the 10-year U.S. Treasury yield dipped below 2.20 percent. | U.S. stock index futures indicated Wall Street would follow European markets higher on Tuesday, after finishing at record highs on Monday. | 18.521739 | 0.478261 | 0.73913 | medium | low | abstractive |
http://www.cnbc.com/2015/01/08/pope-francis-raffles-off-fiat-car-illy-coffee-maker-and-a-panama-hat-at-vatican.html | http://web.archive.org/web/20150926182246id_/http://www.cnbc.com/2015/01/08/pope-francis-raffles-off-fiat-car-illy-coffee-maker-and-a-panama-hat-at-vatican.html | Pope Francis raffles off Fiat car, Illy coffee maker and a Panama hat at Vatican | 20150926182246 | Franco Origlia | Getty Images
Pope Francis waves to the German altar servers gathered in St. Peter's Square for a meeting of prayer on August 5, 2014 in Vatican City, Vatican.
For 10 euros a ticket ($11.78), individuals were given the opportunity to enter the raffle from November until Wednesday. The number of people who have entered remains unknown.
The Vatican will be drawing the raffle Thursday, with the most coveted prize on the list being a new Fiat Panda 4x4 1.3 JTD vehicle, which currently sell at $23,044.
The 13 luxury prizes include an Illy IperEspresso machine, which can cost $595; a Sony Camcorder, which will set you back $461; four bicycles and a JBI Wi-Fi dock, which have a high price of $999.95. The consolation prizes are yet unnamed.
If you wanted to get your hands on one of the coveted prizes, it would be easier if you lived near the Vatican. The tickets could only be bought in the city-state, including the Vatican Pharmacy and the Vatican Museums.
Read MoreTop 10 charities that support veterans | Most raffle prizes come in the shape of a box of chocolates or unwanted perfumes; however not for 43 lucky winners. | 9.391304 | 0.478261 | 0.565217 | low | low | abstractive |
http://www.cnbc.com/2015/05/28/india-hungry-for-rate-cut-despite-outpacing-china.html | http://web.archive.org/web/20150927130100id_/http://www.cnbc.com/2015/05/28/india-hungry-for-rate-cut-despite-outpacing-china.html | India hungry for rate cut despite outpacing China | 20150927130100 | For example, economists say weak corporate earnings and five months of falling merchandise exports -- which make up about 16 percent of the nearly $2 trillion economy -- are not reflected in the robust GDP figures based on the new methodology.
"We are not experiencing a high level of growth if you look at a variety of high-frequency indicators," said Rahul Bajoria, an economist at Barclays.
Bajaria said he expected a 25 basis-point rate cut at the June 2 meeting and said the RBI had a short window to help encourage growth.
"In the second half, inflation may pick up," he said.
For the 2014/15 fiscal year growth is expected at 7.4 percent, up from 6.9 percent in 2013/14, using the new series.
Read MoreChina-India: A long march to Asian Century
On Wednesday, Rajan met Finance Minister Arun Jaitley, who has publicly favoured a rate cut, citing falling inflation.
The RBI has already cut rates twice this year after inflation fell within its comfort zone, but it left them unchanged in April.
"We expect RBI should cut interest rates by 25 basis points. After that they will probably wait for the monsoon data before deciding whether there is more room for rate cut," Bajoria said.
Prime Minister Narendra Modi, who completed one year in power this week, has taken steps to reduce corruption and opened more sectors for foreign investors -- contributing to a 39 percent jump in foreign direct investment in India last year.
A sharp drop in energy prices has brought down retail inflation and freed up government resources to spend on roads, ports and railways - measures aimed at reviving Asia's third largest economy in the medium term.
If Friday's GDP number matches the forecast, it will be lower than 7.5 percent growth in the previous quarter, and the lowest in three quarters.
Read MoreMeeker bullish on India's Internet economy
For now, consumers are deferring spending. Along with lower rates, corporates, who have not yet pumped much investment in new projects, hope to see labour, land and tax reforms.
In May, the MNI India Business Sentiment Indicator, a gauge of the sentiment among companies listed on the BSE bourse , dipped to pre-Modi government levels of 62.3 from 63.9 in April, a Deutsche Borse survey said on Wednesday.
Many investors, however, remain optimistic.
"We believe that the combination of sustained reforms and our expectation of further rate cuts will help drive a steady acceleration in capex growth," Morgan Stanley said in a note to it clients on Wednesday. | India's government and businesses are pushing for a rate cut next week even though data on Friday may show output is expanding faster than China's. | 17.964286 | 0.642857 | 0.928571 | medium | low | abstractive |
http://www.cnbc.com/2015/05/29/-the-long-haul.html | http://web.archive.org/web/20150927141355id_/http://www.cnbc.com/2015/05/29/-the-long-haul.html | Best 529 plans for the long haul | 20150927141355 | May 29 is 529 day, and with graduation season upon us, it's the perfect time to take a look at the best 529 college savings plans.
With nearly every state and the District of Columbia offering at least one 529 plan, investors have dozens of choices, and assets in the plans increased 9.1 percent in 2014 to $249.7 billion, according to College Savings Plan Network. Earnings on contributions are not taxable, nor are withdrawals to pay for qualified higher education expenses.
It's important to make sure that the expenses you are covering actually qualify under your 529 plan. (There are special rules for off-campus housing, for example.) You are also limited in how often you can adjust your asset allocation, and some plans come with significant fees. But the tax advantages and the inexorable rise in college costs make 529 plans an attractive option for college savers.
Read More529 balances are growing, but so are college costs
The following are the top 529 savings plans over the past 10 years that do not require state residency to invest, ranked by savingforcollege.com.
-—By Kelley Holland, special to CNBC.com Posted 28 May 2015 | These plans weathered the financial crisis and the recession and came out on top. Here's why. | 11.684211 | 0.526316 | 0.631579 | low | low | abstractive |
http://www.cnbc.com/2015/06/03/modis-income-insurance-idea-may-not-win-over-farmers.html | http://web.archive.org/web/20150927235150id_/http://www.cnbc.com/2015/06/03/modis-income-insurance-idea-may-not-win-over-farmers.html | Modi's income insurance idea may not win over farmers | 20150927235150 | Details of the new insurance plan are still being worked out but federal farm ministry officials say the aim would be to ensure a guaranteed income for farmers by covering not just losses due to weather but also from any slump in produce prices.
However, the absence of modern methods for assessing damage to crops or falls in yields will continue to favour big farmers over the 260 million smallholders in India who till plots smaller than 2 hectares (5 acres).
Under the new plan - which a farm ministry official said was a priority for Modi - farmers would be paid if their income fell below a guaranteed minimum. That minimum would be set by multiplying the average yield in recent years in a cluster of villages by government-set crop prices.
However, shortfalls would be based not on individual farmers' yields but on those across a wider area, influenced by the higher yields of rich farmers able to afford better fertiliser and pesticide. So a farmer with a poor crop will only get the same compensation per hectare as others who may have had far higher yields.
In the United States, satellites or drones are used to assess crops for income-based insurance policies but India still depends on more primitive methods, with personnel from land record offices travelling around villages to inspect damage.
Read MoreModi's first 365 days: 'Sparks but no fireworks'
"We're taking baby steps in satellite mapping of farms but unless the technology covers the entire country, crop loss assessment will remain a tedious, time-consuming and inaccurate process," said Avinash Kishore, an economist with the U.S.-based International Food Policy Research Institute.
Indian farmers rarely go for crop insurance except for schemes attached to bank loans. Existing insurance plans based on just crop yields or weather damage barely cover 10 percent of the country's 263 million farmers.
One factor: payouts are made into bank accounts and more than 70 percent of farmers don't have one. Modi is trying to get more people to join the banking system and could allow mobile phone vendors, fuel stations and corner stores to offer services such as remittances and deposits.
With current farm insurance, state and federal governments pay 40-75 percent of premiums depending on the crop, with the rest paid by farmers. A similar split will apply to the new scheme, according to the farm ministry official, who is directly involved in framing the plan.
Governments spend about 25 billion rupees ($392 million) per year on premiums. Total payouts vary but the average has been less than $700 million in recent years.
Read MoreVertical farming: A hot new area for investors
It will continue to be mandatory for a farmer seeking a crop loan to take out insurance, although once again payouts are not determined by the fate of individual farms.
Government officials say assessing each farm is next to impossible in a country where holdings are so small, but farmers say the outcome is unfair.
"Isn't it bizarre that an insurance is thrust on me when I go for an agricultural loan but I don't get payouts after losing my crop?" asked Rakesh Tikait, a farmer from Uttar Pradesh.
"Crop loss has to be evenly distributed in a large number of villages to make me eligible for an indemnity. Why?" | India Prime Minister Modi plans to provide millions of farmers with income insurance tied to crop prices, but it may not ease rural distress much. | 23.62963 | 0.666667 | 0.888889 | medium | low | abstractive |
http://www.cnbc.com/2015/06/14/shazam-names-that-tune-drawing-in-money-and-users.html | http://web.archive.org/web/20150928231214id_/http://www.cnbc.com/2015/06/14/shazam-names-that-tune-drawing-in-money-and-users.html | Shazam names that tune, drawing in money and users | 20150928231214 | David Paul Morris | Bloomberg | Getty Images
Rich Riley, chief executive officer at Shazam Entertainment Ltd., speaks during the Open Mobile Summit in San Francisco, on Wednesday, Nov. 13, 2013.
Will Shazam go public or become a takeover target?
Riley tells CNBC that Shazam is "certainly trying to build a great standalone company, and I think Shazam could be a great public company." He adds they have a "great business model around advertising and partnering with brands around the world." Those qualities would bode well for the company to remain independent.
At the same time, he adds, "we do think there are a lot of potential acquirers, and that could make sense too. So we'll see what happens."
Riley cites Facebook, Twitter and Uber as examples, telling CNBC that "there's been enough evidence that big companies can be built very quickly."
"People realize that the world is changing fast, and mobile is a big part of that. Shazam is one of the biggest 'mobile-first' brands."
Now Shazam is expanding beyond sound to sight. The updated version of the app not only "hears" music, it can also "see" objects and images.
Users can "Shazam" visual content from partners, including Target, Time, HarperCollins and Disney.
Last week, the company launched a partnership with Disney's "Tomorrowland," which featured a Shazam icon on movie ads and posters. Those linked users to exclusive interactive content.
Riley explains, "You can wave your phone over that ad, and we take you to 'Tomorrowland' in seconds."
Read MoreStop freaking out about AI: 'Tomorrowland' writer
Shazam can also "read" those black and white QR codes without using a separate scanning app. | After more than 15 billion "Shazams," the company that makes the music identification app, is now worth more than $1 billion. | 13.185185 | 0.481481 | 0.62963 | low | low | abstractive |
http://www.cnbc.com/2014/12/16/jury-finds-apple-not-guilty-of-antitrust-in-ipod-suit.html | http://web.archive.org/web/20150929020222id_/http://www.cnbc.com/2014/12/16/jury-finds-apple-not-guilty-of-antitrust-in-ipod-suit.html | Jury finds Apple not guilty of antitrust in iPod suit | 20150929020222 | In this photo illustration a woman listens to an Apple iPod Nano on October 2, 2006 in London, England.
A jury on Tuesday unanimously cleared Apple of antitrust violations for iPod restrictions, capping a decade-long case and a week-long trial that had no shortage of drama and confusion.
The plaintiffs represented a group of digital music consumers who purchased iPods from 2006 to 2009 and alleged that Apple unfairly locked users into iTunes software on iPods, and in turn, locked out competitors.
They sought damages of close to $350 million, which could have gone to $1 billion had Apple been found in violation of antitrust laws.
Apple said it was only innovating its product by protecting customers from computer security intrusions and creating a better consumer experience for iPod users.
In the end, the jury decided unanimously that the computer giant made legitimate product and security improvements to its iPod digital music devices and its iTunes software and store.
The trial had several twists, as several plaintiffs representing the class action suit were dismissed, and for a time it looked as though plaintiffs' lawyers might not even have a plaintiff.
Plaintiffs attorneys told to CNBC they will appeal the jury's unanimous verdict and will file those papers within the next thirty days.
An Apple spokesperson said: "We thank the jury for their service and we applaud their verdict." | A jury cleared Apple of antitrust violations for iPod restrictions, capping a decade-long case that had no shortage of drama and confusion. | 10.192308 | 1 | 11.923077 | low | high | extractive |
http://www.cnbc.com/2015/08/12/30-oil-coming-sooner-than-you-think-kilduff.html | http://web.archive.org/web/20150929140702id_/http://www.cnbc.com/2015/08/12/30-oil-coming-sooner-than-you-think-kilduff.html | $30 oil coming sooner than you think: Kilduff | 20150929140702 | U.S. crude could fall to the $30 to $40 per barrel range sooner than expected following China's yuan devaluation, analyst John Kilduff said Wednesday.
The founding partner of Again Capital made his call for $30 oil last month, but told CNBC's "Squawk Box" developments in China may have moved the timeline forward. He said he expects to see a 30 print by October, followed by a rebound that will put the cost of U.S. crude in the mid-$50s next year.
"It's coming early. It's coming fast," he said, adding that oil in the $20s is possible, but that would be an overshoot to the downside.
"We've been doing this sort of stair step lower and lower and we haven't gotten to the washout that you need in commodity markets for a real bottom to be established," he said.
Read More6 Reasons Gas Prices Could Fall Below $2 a Gallon
The yuan hit a four-year low on Wednesday after China allowed it to weaken further in the wake of its sudden devaluation to support the slowing Chinese economy, where industrial output grew less than expected in July.
China is the world's biggest oil consumer after the United States, and a weaker yuan erodes Chinese purchasing power for dollar-denominated imports like oil.
Oil prices initially fell Wednesday, but got support from an International Energy Agency report that concluded global demand for crude is picking up in the face of lower prices.
Kilduff said he believed oil supply could fall by 500,000 barrels per day by early next year. That may cause top exporter Saudi Arabia to conclude its policy of holding production steady to maintain market share has done its job of squeezing of U.S. shale producers. Consequently, the Saudis may finally reduce supply, he said.
Read MoreIs OPEC winning? IEA says non-members 'stalling'
However, if and when the price rebound does occur next year, U.S. producers could ramp up production, leading to another supply glut, he said.
"Do the shale players come racing back in? Is that enough for them to get back in and put production back on?" he asked. "This could become quite a vicious cycle."
—Reuters contributed to this story. | U.S. crude could fall to the $30- to $40-per-barrel range sooner than expected following China's yuan devaluation, John Kilduff said. | 16.259259 | 0.925926 | 6.851852 | medium | medium | mixed |
http://fortune.com/2008/04/15/intels-sales-beat-the-street/ | http://web.archive.org/web/20150930103749id_/http://fortune.com/2008/04/15/intels-sales-beat-the-street/ | Intel’s sales beat the Street | 20150930103749 | Intel announced first-quarter sales and full-year guidance that beat Wall Street estimates after the market close on Tuesday, sending shares up more than 8% in after-hours trading.
Intel’s (INTC) sales came in at $9.7 billion, above the $9.63 billion analysts had expected and up 9% compared to its year-ago quarter.
The chipmaker also reported earnings of 25 cents per share, in line with analysts’ projections but below the 27 cents per share the company earned in the same period a year ago.
“Our first quarter results demonstrate a strengthening core business and a solid global market environment,” said Paul Otellini, chief executive of Intel in a written statement. “We saw healthy demand for our leading-edge processors and chipsets across all segments.”
Intel’s second-quarter outlook was upbeat as well. The company raised its forecast for the quarter, saying it is projecting sales of $9 billion to $9.6 billion, compared with current estimates of $9.2 billion. It also said it anticipates slightly better-than-expected profit margins for the current quarter and full year.
But it’s been a bumpy few months for the Santa Clara, Calif.-based semiconductor giant. The company lowered its sales targets for the first quarter in January. Last month, it reduced its first-quarter gross margin forecast to 54% — compared to a previous forecast of 56%. According to today’s first-quarter results, gross margins came in at 53.8%.
Gross margins, which measure how much money a company makes after subtracting cost of sales, is a key profitability metric in the chip industry that is looked at closely by analysts. Intel cited lower than expected prices for the type of flash memory chips used in digital cameras and MP3 players last month as the reason margins would be lower than it first anticipated.
On Tuesday the company said that strength in its microprocessor business — the type of chips used in PCs and servers — will help offset the decline in memory prices.
Rival Advanced Micro Devices (AMD) has also been challenged due to worries that a slowdown in economic spending is weakening PC demand. AMD recently said first-quarter sales would be well below expectations, and that it would cut about 10% of its staff, or 1,600 jobs. AMD will report its first-quarter results on Thursday. | By Michal Lev-Ram Intel announced first-quarter sales and full-year guidance that beat Wall Street estimates after the market close on Tuesday, sending shares up more than 8% in after-hours trading. Intel's (INTC) sales came in at $9.7 billion, above the $9.63 billion analysts had expected and up 9% compared to its year-ago quarter. The chipmaker… | 6 | 0.935065 | 29.402597 | low | medium | extractive |
http://www.theguardian.com/artanddesign/2009/mar/17/lowry-robber-jailed | http://web.archive.org/web/20151001081327id_/http://www.theguardian.com/artanddesign/2009/mar/17/lowry-robber-jailed | Robber who stole Lowry paintings worth £1.7m jailed | 20151001081327 | A violent gang member who was involved in an audacious robbery at the home of an art dealer specialising in the work of LS Lowry, taking paintings worth up to £1.7m, was jailed today.
Casey Miller, 23, was given an indefinite sentence at Manchester crown court following his earlier conviction for robbery. He will not be eligible for parole for a minimum of five years and a month.
His victim was Ivan Aird, 42, whose parents were friends of the painter, whom Aird knew as a child. His home in Cheadle, Cheshire, was targeted and among the items taken were Lowry's paintings The Viaduct, worth £700,000, and Tanker Entering the Tyne, valued at £500,000.
Miller, who is already serving a four-year sentence for grievous bodily harm after beating a man unconscious outside a pub, was described as "a useful piece of muscle" for the gang by the trial judge. He was given an indeterminate prison sentence for public protection and will remain in jail until the parole board thinks he is no longer a risk to the public.
Judge Andrew Gilbart QC, the recorder of Manchester, described him as a ruthless criminal who did not have the wit to plan the job alone.
"This was a well planned, brutally executed robbery," the judge said.
"It was a ruthlessly planned, professional crime in which property valued at £1.7m was taken. They will never be available for anyone else to enjoy, apart from your gang's criminal customers." The judge said it was a loss to the wider public, "and especially a loss to this region".
Miller, who has 28 previous convictions for violence and robbery, told police he "didn't know Lowry from Adam" and denied any involvement in the raid. He has still not told detectives who hired him, or where the paintings are.
The court heard earlier that Aird had become a specialist in Lowry's works. His company, Grove Fine Art, advertised on the internet but he did not publicise his home address because it was in effect a gallery.
Miller, from Denton, Manchester, called at Aird's home on the morning of May 3 2007, dressed as a postman in a long, fluorescent orange jacket. Aird's wife, Louise, answered the door with her two-year-old daughter in her arms and was pushed by Miller, who was brandishing a 10-inch chef's knife near her face. He forced her to the ground and threatened to kill her. After he forced his way in, three accomplices, one wearing a balaclava, entered the house.
Describing her ordeal during Miller's trial, Mrs Aird said: "It was terrifying, absolutely terrifying. I thought they were going to kill us."
She said The Viaduct was leaning on the wall by the living room, where it had been hanging, and she saw one of the men walking past her holding Tanker Entering the Tyne.
She told the court one of the robbers asked her: "Where's the big one?" – thought to be a reference to The Viaduct – but her husband replied: "You've already got it." The men also demanded money and access to a safe, but Aird told them there was no safe and he had only £3 cash. The gang then cut the telephone line in the hall and fled.
A number of smaller works were also stolen. These included Maryport, A Doctor's Surgery, Bridge at Ringley, painted in 1926 and worth "around £50,000", and Street Market, a line drawing from 1924.
A palette with brushes underneath that belonged to Lowry was also taken. It was the only one in existence and had the artist's paint on its surface.
None of the items have been recovered.
Speaking after the sentence, Ivan Aird said: "God knows where the paintings are or if they even exist. They're worth nothing to anyone – no one would be able to sell them because they are originals and one-offs.
"Why would any of these people want Lowrys? Everyone knows they can't sell them."
He said Lowry had been a friend of his parents and he had seen him almost every weekend.
"It was always my dream to own Lowry originals. I've always bought the best I could afford to buy. It's all gone now." His greatest fear was that they would be destroyed.
Detectives believe the buyer of the stolen paintings, possibly an unscrupulous art dealer, paid the gang to carry out the robbery, then backed out because of the publicity surrounding the raid. | Raider brandished 10-inch knife and forced art dealer's wife and daughter to the ground | 60.8 | 0.866667 | 1.533333 | high | medium | mixed |
http://www.theguardian.com/artanddesign/2013/mar/26/life-and-death-pompeii-review/amp | http://web.archive.org/web/20151001185937id_/http://www.theguardian.com/artanddesign/2013/mar/26/life-and-death-pompeii-review/amp | Life and death in Pompeii and Herculaneum - review | 20151001185937 | The people of Pompeii cower in agony at the close of this extraordinary exhibition. In one chilling tableau an entire family – husband, wife and two children – lie together in positions of extreme pain and terror. The man and woman have their arms raised, fists clenched, as they brace against the extreme heat that hit this vainly sheltering little group when the volcano Vesuvius erupted in AD79. The children are even more pitiable. One is trying to get up out of the dying mother's lap. Another lies nearby, with a clearly preserved and mercifully tranquil-looking face.
The ash that buried Pompeii preserved its people. When the lost city started to be excavated in the 18th century, cavities were found to bear spooky imprints of faces, flesh, clothes. The 19th-century archaeologist Giuseppe Fiorelli discovered how to pour plaster of paris into the recesses to create the terrible, beautiful statues of suffering that leave you so haunted by what is undoubtedly one of the most momentous archaeological exhibitions ever staged.
I never witnessed the legendary Tutankhamun exhibition at the British Museum in 1972, but I have seen every exhibition there since Neil MacGregor became director in 2002 and this is the most moving by far. It is also the most timely. There have been too many news stories recently about ancient Roman buildings in Pompeii falling into ruin (after they were miraculously preserved). This majestic event will hopefully remind the world that Pompeii is not some tourist attraction to treat shabbily but the world's most revelatory survival of the human past.
It is not just about Pompeii but also Herculaneum. These were two flourishing cities in the wealthy region of Campania, a sun-kissed haunt of the rich, a Roman riviera where, the historians Tacitus and Suetonius tell us, the emperor Tiberius indulged in "disgusting vices" and where the owners of the so-called Villa of Papyri created a library of sceptical philosophy worthy of an ancient Richard Dawkins.
When the volcano destroyed and preserved these communities, the Roman empire was omnipotent. Legions marched on straight roads from Egypt to Britannia. Everywhere, they brought running water, heating, literacy. The first words ever written down in Britain were in Latin.
That might sound soft on a slave-owning imperial power. But you can't not love the Romans after seeing this exhibition. They are such an intimate mirror of ourselves. The reason Pompeii and Herculaneum fascinate is not just the preservation of an entire world in a moment of mass extinction, but the uncanny way that world reflects our own. Through a combination of slavery and hydraulic engineering, free Romans lived like modern people, surrounded by consumer goods and ingenious comforts.
This show is full of their stuff. The funny mosaic of a friendly-looking guard dog ("Cave canem" – beware of the dog); the amusing garden statue of the god Pan having sex with a goat; a mosaic of sea creatures that looks just like seafood stew you can eat today in nearby Naples. Wooden furniture, carbonised, survives in its crafted elegance. A joky picture of a skeleton with two wine jugs comments mordantly on the perils of booze. A life-sized bronze hare is a food mould, to make hare-shaped cakes or pâtés.
This exhibition is overflowing with beautiful art. And yet no one will leave it talking about art history. Art here is an accessory to life. The Romans were not the ancient Greeks, much as they tried to emulate them. Whereas classical Athens five centuries before the eruption of Vesuvius had created timeless classical monuments, the fascination of the art here is that it is so realistic and playful and so everyday.
It all comes together, so to speak, in the choice examples of Roman erotica. Pompeii's erotic paintings are amazingly frank. The Romans were practical people, and art does not get more practical than when it is pornographic. Pompeii may have had up to nine or maybe even 35 brothels, one of which is well-preserved. People had erotic paintings in their houses. In the exhibition's most unforgettable painting, a man and woman are trying out a new position while a slave waits in attendance, in case they need anything.
It is a glimpse of a world that is the same yet other. Roman life was fantastically civilised and truly barbaric. The lifestyle of the rich depended on using other human beings like we use machines. Only the industrial revolution would make it possible to reproduce such lifestyles without slaves. But when Vesuvius erupted, rich and poor, free man and slave died together.
A woman who fell as her villa was overwhelmed has been cast in epoxy resin: she was wearing simple, fine gold jewellery that mirrors the yellow translucent cast with its glimpses of bone beneath the flesh. The world that was lost when Vesuvius erupted is a world gained for curiosity and imagination. This historic and profound exhibition is an encounter with a flawed, fascinating and miraculous society, with sex and death, with the human epic that was Rome. | This moving and timely exhibition offers a glimpse of a lost world that is the same yet other, writes Jonathan Jones | 43.909091 | 0.818182 | 3.272727 | high | medium | mixed |
http://www.cnbc.com/2015/08/10/reuters-america-new-united-airlines-unit-to-handle-checked-bags-for-some-regional-flights.html | http://web.archive.org/web/20151002050153id_/http://www.cnbc.com/2015/08/10/reuters-america-new-united-airlines-unit-to-handle-checked-bags-for-some-regional-flights.html | New United Airlines unit to handle checked bags for some regional flights | 20151002050153 | Aug 10 (Reuters) - United Airlines on Monday launched a subsidiary to handle checked bags and perform other services for its regional unit, United Express, a move in line with industry peers aimed at improving its operations.
United Ground Express (UGE) will take over customer and cargo service starting this fall at a number of airports where parent United Continental Holdings Inc currently relies on third parties.
United declined to say which of about 150 U.S. airports where it has outsourced work would be affected but said UGE would serve United Express's new flights from the Kalamazoo airport in Michigan beginning Dec. 9.
The move comes six months after United reached a union deal to outsource some 1,150 positions at 16 airports across the country. It had said furloughs or layoffs could result if affected workers declined offers to transfer to other airports.
United spokesman Charles Hobart declined to say if the launch of UGE was related to the airline's earlier outsourcing plan. However, he said furloughed and former United employees could apply to work for UGE.
The shuffle has helped the fourth-biggest U.S. passenger carrier lower costs significantly. Then-Chief Financial Officer John Rainey said on an investor call last month that United saved $350 million in non-fuel costs so far this year, and was on track to reach $1 billion in annual non-fuel cost savings by the end of 2016, a year ahead of its initial expectations.
Hobart said UGE "will provide cost-effective operations at traditionally outsourced locations."
The airline will continue to rely on third parties for ground-handling where it makes financial and logistical sense, he said.
Rivals Delta Air Lines Inc and American Airlines Group Inc launched similar services years ago. American formed AMR Services Corporation in 1983 and sold the business in 1999. Delta still owns subsidiary DAL Global Services.
Aviation industry consultant Robert Mann said the move could help United address conflicts of interest inherent in outsourcing, in which a third party might offer privileged service to its parent company or largest customer rather than United Express.
The ground-handling business, he added, "can be very profitable, but you have to run it efficiently and somewhat ruthlessly."
(Reporting by Jeffrey Dastin in New York; Editing by Bernadette Baum) | Aug 10- United Airlines on Monday launched a subsidiary to handle checked bags and perform other services for its regional unit, United Express, a move in line with industry peers aimed at improving its operations. United Ground Express will take over customer and cargo service starting this fall at a number of airports where parent United Continental... | 7.180328 | 0.967213 | 27.327869 | low | high | extractive |
http://www.theguardian.com/artanddesign/2009/jul/27/aquarelle-pencil-design | http://web.archive.org/web/20151002233206id_/http://www.theguardian.com/artanddesign/2009/jul/27/aquarelle-pencil-design | Classics of everyday design No 64: The Aquarelle pencil | 20151002233206 | On an English summer's day when the sun refuses to shine, I need only open my tin of Swiss pencils. The pigments in the leads of Prismalo Aquarelles, made by Caran D'Ache in Geneva, are enough to bring a colourful smile to the face of any artist, young or old, budding or professional.
There are 80 colours tracing a brilliant spectrum, from white to gold, through six shades of yellow, a blaze of reds, dreamy blues – royal, indigo, ultramarine, sky, sapphire, prussian, cobalt, light, azurite, turquoise and periwinkle. There are fields of greens, and colours that you can almost smell, such as cinnamon, cocoa and burnt sienna. The pigments are water-soluble and can be used happily for shading, washes and watercolour illustrations, and they mix happily with water-based paints and chalks.
As importantly, perhaps, Prismalo Aquarelle pencils are a delight to look at and hold. Their slim, hexagonal cases are made from cedar wood, and feel exactly right: light, balanced, natural. As you would hope, these pencils are fine ambassadors for Swiss manufacturing.
They date from 1931, seven years after Arnold Schweitzer founded La Fabrique Suisse de Crayons Caran D'Ache. The name was adopted from the famous Russian-born French satirist, Emmanuel Poiré, a grandson of a wounded French officer who stayed on in Russia after Napoleon's retreat in 1812. In Paris, Poiré adopted the pen name Caran d'Ache, from the Russian word for pencil, "karandash", and founded the satirical Psst! magazine, a perfect frame for his drawing skills, and political and social satire. Schweitzer was a fan of Poiré; and, of course, the name Caran d'Ache was perfect for a pencil maker.
Caran D'Ache also hand-crafts exquisite pens. I've long lusted after one of its wonderfully named Varius Alligator fountain pens (guaranteed for life), although at around £625, I might just make do with my current jumble of Lamy fountain pens, Pilot V7s and Bic ballpoints until the recession blows over.
And, of course, my colour pencils. What else can you buy for just over a £1 (per pencil) that gives so much tactile and visual pleasure? | Colour pencils aren't usually noted for their sharp design, but Caran D'Ache prove to be swish ambassadors for Swiss manufacturing | 19.863636 | 0.636364 | 1.363636 | medium | low | abstractive |
http://www.telegraph.co.uk/art/what-to-see/turner-prize-tramway-glasgow-review/ | http://web.archive.org/web/20151003012151id_/http://www.telegraph.co.uk:80/art/what-to-see/turner-prize-tramway-glasgow-review/ | 'cosseted vapidity' | 20151003012151 | Nicole Wermers’s Turner Prize-shortlisted installation comprises an arrangement of tubular steel chairs with fur coats draped over them. In case you’re already thinking “That’s not art”, there’s a bit more to it than that. The coats are sewn onto the chairs, so the classic way of indicating possession of a seat becomes a symbol for the absence – or is it the presence? – of a person. If you’re still thinking “That’s not art”, the fact is that Wermers’s piece is the nearest this year’s exhibition gets to art in the more or less traditional sense of things that can actually be looked at.
There’s certainly plenty here – competing for the £25,000 prize, to be announced on December 7 – to get up the noses of people who don’t like cutting-edge contemporary art and, indeed, of those who do like it – not least the fact that Tramway’s white-walled spaces are virtually empty.
Canadian-born Janice Kerbel at least has the excuse that her work is musical. Kerbel works with existing cultural systems and languages which she learns as she goes along. In her DOUG, a song cycle for six voices concerning the random mishaps of “a body”, the voices swerve around each other in abstract patterns that are initially intriguing. Rapidly, though, the work becomes an irksome aural meandering that leaves you increasingly aware that it’s the process through which it’s been created, rather than the quality or structure of the sound, than gives this music its supposed status as art.
Bonnie Camplin has turned her space into archive on inexplicable phenomena, which the visitor is invited to use – five monitors show interviews with people recounting bizarre experiences. Camplin is a lecturer at Goldsmith’s College, and there’s a painful air of academic third-handness to the proceedings. Presenting art as theory and theory as art has been around for decades, and her use of mildly spooky interviews is uncomfortably similar to veteran conceptual artist Susan Hiller’s work in the Seventies.
Another vacant space leads into a mock-up of part of a Victorian house from Liverpool’s Granby Four Streets area, which the shortlisted architect-artist-designer co-operative Assemble have renovated in collaboration with its residents. The space is filled with artefacts made by the residents in partnership with the group. Unlike the other contenders Assemble are at least doing something with a value outside its own aesthetic parameters. The desire to collapse the barriers between art and architecture consciously recalls the early Modernist experiments of the Bauhaus. Yet where the Bauhaus’s products were genuinely revolutionary, the objects here have a craft-shop mundanity. I don’t question the social or architectural value of Assemble’s work, but I certainly question its value as art.
Having seen nearly every Turner Prize exhibition since the award began in 1984, I find it difficult to be absolutely sure that this is the worst – after a time, they start to blur into each other. Individually, the exhibits in this year’s wide-open competition are not notably bad by the standards of these things. But together – and leaving aside Assemble, who shouldn’t really be here anyway – they give an impression of cosseted vapidity. This is art that exists only to fill exhibitions such as this one, that wouldn’t exist without subsidies, commissions and the whole lucrative contemporary art system. There’s no sense of energy or struggle in this work, either with the surrounding cultural environment or within the art itself.
Until Jan 17, 2016. Admission Free. Details: tramway.org/turnerprize | Lacking any any sense of energy or struggle, this is art that exists only to fill exhibitions such as this one, says Mark Hudson | 26.615385 | 0.769231 | 8.538462 | medium | low | extractive |
http://www.cnbc.com/2014/01/10/solving-manufacturers-jobs-dilemma.html | http://web.archive.org/web/20151003160049id_/http://www.cnbc.com/2014/01/10/solving-manufacturers-jobs-dilemma.html | Solving manufacturers' jobs dilemma | 20151003160049 | Larry Corbesia is willing to talk—it's just that he has a job to do.
So as a TV crew readies the camera for an interview, the 61-year-old excuses himself and goes back to his job of cutting and prepping leather, which will be used to make J.W. Hulme's high-end accessories, handbags and luggage.
"It makes you feel proud when you see a finished product here, and it looks real good and you did your best on it and everything is nice and neat and straight," Corbesia said when the cameras rolled. "And it's guaranteed for life."
For Corbesia, his life is better these days. In a blue vest and white shirt, he bears no physical signs of the years disrupted by alcohol, a scattered work history and months spent in a homeless shelter with his granddaughter. He looks trim with a full head of white hair parted on the side and appears decidedly happy in his work.
"I tell you after working pretty much handyman services where you barely scrape by, now it's good," he said. "You can buy what you want. When payday comes along, you can eat wherever you want and the self-esteem is good because people would say this guy hasn't had a job in 15 years. But now they have to keep quiet 'cause I got a good job where I go everyday."
Corbesia is one of three people St. Paul, Minn.-based J.W. Hulme has hired from a program it helped develop two years ago when it was faced with a shortage of skilled workers.
"At first, we managed," said the company's former CEO, Jennifer Guarino. "Business was growing so fast, we needed more skilled labor, and it became impossible to find. It started to worry about our company, and it started to strangle our growth."
J.W. Hulme's experience is not unique. More than 82 percent of U.S. manufacturers cannot find workers with the skills sufficient for the jobs they have, according to the Manufacturing Institute.
Challenges to rebuilding the industry
Just how many jobs are open due to this "skills gap" is the subject of some debate. It could be as few as 80,000 jobs, according to a 2012 Boston Consulting Group study. But it could be as high as 600,000, according to a 2011 study done by Deloitte & Touche and the Manufacturing Institute.
Two years ago, Guarino reached out to Minneapolis-based Dunwoody College of Technology. She asked it to help design a curriculum to teach the industrial sewing skills needed on the factory floor.
But building a skilled workforce after decades of erosion in an industry is not easy. From 1960 through 2012, the number of Americans working in the textile and apparel industries dropped 83 percent to 166,000 from 1.2 million, according to the Manufacturing Institute.
Debra Kerrigan, Dunwoody's dean of workforce training and continuing education, told Guarino the school would offer a course, but only if its students would be offered jobs once they finished it.
The two went to work finding other companies that needed workers with these skills, and The Makers Coalition was formed. It is a group that includes Dunwoody, J.W. Hulme and other manufacturers like dancewear maker Kelle Co. Their goal is to train people in industrial sewing skills, hire them and promote the trade. | To fix a manufacturing jobs skills gap, one group has formed to train people in industrial sewing skills, hire them and promote the trade. | 24.185185 | 0.962963 | 8.814815 | medium | high | extractive |
http://www.cnbc.com/2014/11/04/politically-hot-or-not-voters-see-attraction-through-party-colored-glasses.html | http://web.archive.org/web/20151004045022id_/http://www.cnbc.com/2014/11/04/politically-hot-or-not-voters-see-attraction-through-party-colored-glasses.html | Politically hot or not? Voters see attraction through 'party-colored glasses' | 20151004045022 | A new study released by Cornell University says that voters generally find the candidate associated with their political party to be more attractive.
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The study, out last month, found through two separate samplings that partisanship influenced judgment on a candidate's attractiveness. Researchers surveyed legislative aides affiliated with a campaign in Wisconsin, along with self-identified partisans in Minnesota.
"I think what's surprising is that people are under this assumption that physical attraction is fixed, but in both studies we find evidence that partisanship colors the perception of what is 'attractive,'" said Kevin M. Kniffin, postdoctoral research associate at Cornell University and the study's lead researcher.
Read More Dems or Republicans? Bold pick for Senate control
Both groups were studied in the 2010 election cycle and given pictures of male and female political candidates both familiar and unfamiliar to the constituents. Familiar candidates included Obama and Vice President Joe Biden and their 2008 opponents John McCain and Sarah Palin.
Generally, Democrats and Republicans chose the politicians who were members of their party as more physically attractive.
Read More Sorry, Mr. President. Your card was declined
A secondary finding in the surveys, Kniffin said, was that familiarity played just as much of a role as partisanship did — familiar leaders were deemed more attractive on average, regardless of political affiliation. Palin came out on top overall among the Wisconsin group, with Obama a close second among Democrats but trailing several other candidates among Republicans. | Voters generally find candidates associated with their political party are more attractive, reports Today Show. | 19.470588 | 0.882353 | 2.529412 | medium | medium | mixed |
http://www.cnbc.com/2014/01/09/china-december-trade-surplus-far-short-of-estimates.html | http://web.archive.org/web/20151005101401id_/http://www.cnbc.com/2014/01/09/china-december-trade-surplus-far-short-of-estimates.html | China December trade surplus far short of estimates | 20151005101401 | Analysts said despite the miss on the trade surplus front, the strong showing in imports numbers indicates the economy remains in good shape.
(Read more: Here's how bad China's bad loan problem could get)
"[The] pick-up in imports reflects that domestic demand is stronger than people expected. We think China is still capable of growing 7-7.5 percent in 2014," Geoff Lewis, global market strategist at J.P. Morgan Asset Management, told CNBC.
"Trade data is usually volatile around this time of year, with the Chinese New Year seasonal effect, so we should not be paying too much attention to monthly data for a while," he added.
According to Richard Martin, managing director of IMA Asia, the current global recovery isn't "normal" and investors shouldn't expect all of Asia's export engine to fire up in a regular fashion.
"Traditionally, when the west recovers, [China] exports will get a lift from strong consumer driven recovery in the Europe and United States. But that's not the case now. European consumers are still deleveraging, there's a bit of shyness still there in the US consumers, so that means you don't get a big factory run up," Martin told CNBC.
"So I'm fine with where that export number was for china and I think we'll just see it modestly lift through the first half of this year. Second half of this year, it should accelerate," he added.
There have been concerns about the outlook of China's economy, which is expected to record in 2013 its weakest growth since 1999.
(Read more: China 'major' uncertainty facing global economy: Soros)
Last week, billionaire investor George Soros warned that China remains the "major" uncertainty facing the global economy.
Beijing is due to release gross domestic product figures on January 20.
- By CNBC's Li Anne Wong. Follow her on Twitter @LiAnneCNBC | China's annual trade topped the $4 trillion mark for the first time in 2013, surpassing the U.S. as the world's largest trader. | 14.296296 | 0.555556 | 0.777778 | low | low | abstractive |
http://www.theguardian.com/artanddesign/2009/oct/05/turner-prize-show-nominees-2009 | http://web.archive.org/web/20151008003630id_/http://www.theguardian.com/artanddesign/2009/oct/05/turner-prize-show-nominees-2009 | The Turner prize trinity | 20151008003630 | Much is always expected of the Turner prize show, and critics and the public alike give more weight to the exhibition itself than to the endeavours that have led the artists there in the first place. We linger over every element, looking for portents; every work and every artist gets a public autopsy. The show is a meat-grinder. How come it looks so ordered, so clean, so coherent?
Lucy Skaer has marshalled too many disparate elements into an installation she has called Thames and Hudson. The reference leads us to think of the smart art-book publishers and of two cities, with their two rivers. Nature and culture, then, combine in an ensemble that includes the majestic skull of a sperm whale (borrowed from a museum in Scotland) and a series of 26 copies of Brancusi's 1923 sculpture Bird in Space, recast in coal dust.
Skaer has also taken an old wooden chair apart, covered the parts in black ink and made a large print from it; this resembles nothing so much as an algebraic equation. She has then re- assembled the chair. A strange red form, looking like something reclaimed from a factory floor, lies on the floor in front of it. This is made from the same kind of stone Henry Moore used to make a sculpture that also appears here, in a print by Skaer. Under the chair there is what looks like a little pile of drawings. You can't see them properly, but they are prints, made by a small company that make banknotes, and feature an image of a glass of water. Water and money; nature and culture. It's obvious when you think about it, really.
The most compelling part of Skaer's installation is the whale's skull, boxed-in and only partially visible through narrow slits cut into two false walls. Looked at front on, the jaw resembles the prow of a ship. This is the last thing a squid would see before being scooped into the creature's maw. Is it relevant that Moby Dick was also a sperm whale? Does it matter that Brancusi's Bird in Space became the subject of a famous lawsuit about what was and what was not art? (US customs tried to levy tax on the work's import, deciding it was a machine part; art attracted no such tax.) Skaer's versions of Brancusi's bird stand around like a flock of skinny, coal-black penguins, stoical in some interminable Antarctic night. I want to like this more than I do, but it is all a bit unfathomable.
A galumphing soft toy with a tail
Walking into Richard Wright's room, the first impression is of whiteness, save for a large, pale-gold drawing on the far wall. From a distance, this is hard to decipher; it is just as hard closer up. As with all of Wright's work, it has been a long and arduous undertaking. The drawing was transferred to the wall by puncturing the original design with little holes, then pouncing dust through the holes on to the wall. Glue was then applied to the wall, following the design, and then gold leaf. But what does it add up to? Light catches the gold. Wherever you stand, parts of the fugitive image are swallowed in glare. The feeling is of being engulfed in the detail of an old engraving, lost amid the whorls of a baroque abstraction.
It is all quite magical, and keeps you on the move as you try to resolve whatever images it contains. There seem to be clouds, a sun whose rays strike through a boiling mass of curlicues. When you turn around, over the doorway leading back into Skaer's room, you see a second, smaller wall drawing, in red gouache, high up on the wall. Apparently Wright was trying to complement the view into Skaer's installation, and this drawing might represent cross-sections through bone, or the body of a fish.
It's an enjoyable reciprocation, but does nothing to prepare you for Enrico David's installation, titled Absuction Cardigan. The name is absurd, if a trifle wearying and contrived, but the installation itself is the fun part of this year's show. David presents us with a low, black stage running the length of one wall. On it, there are a number of props and would-be characters, who appear to be enacting a sort of play. This is absurd, too, a sort of plotless theatre stalled in the middle of an act. I like this. A galumphing soft toy with a long tail takes up two-thirds of the stage. Its tail climbs over a large, free-standing canvas, and one arm flops over the lip of the stage. Its head is a flat mask on an overextended neck, uncomfortably poised over a box on which is printed an image of adult-looking babies. One of these peers through a painted hole in the floor, at a man floating in a black void. There is a painting of a drummer at the back of the stage, and at the far right a further painting of a huge, profiled head. Think-bubbles inside the head reveal collages of a man in a hi-visibility jerkin baring his bum, and another man in sexily butch industrial wear, including rubber boots. Something seems to be wrong with his head. It is oozing.
Watching over all this are two large figures – one on the stage, the other as audience – with huge, egg-shaped bodies, balanced on spindly legs that end in rocking-chair feet. Their balance is a precarious feat of equilibrium, as is the entire mise-en-scène. The egg men seem to be surrogates for the artist himself. All this is enjoyable, and I don't worry too much about what the narrative is, because I can happily make one up for myself. David's work has something of the absurdism of Picasso's 1941 play, Desire Caught By the Tail, as well as of the mad soft-toy dramas of Annette Messager. All this rumbustuous folderol is a view into the theatre of the artist's brain.
The recycled remains of a plane
After the success of Roger Hiorns's Seizure, the south London flat he filled with copper sulphate crystals, one might have expected another spectacular intervention at Tate Britain. This was probably too much to ask, but Hiorns should at least get the tabloids going, with his sculptures incorporating bovine brain matter. He has been at those mad cow burgers, they'll say: whatever you do, don't lick the sculptures. Chunks of rendered-down brain – they look cake-like, or like some sort of grim survival fare – sit in the cells of a hefty, dull, stainless steel grid. The substance has also been mixed with a plastic compound and cast into relief forms that look vaguely humanoid, or fossil-like, mounted on the wall. But the main event in Hiorns's show is a desert of wadis, dunes and rills, taking up much of the floor. He has shown a version of this before, in London last year, composed of pulverised, atomised metallic dust – the recycled remains of an aircraft jet engine. It is a landscape of entropy and death, and in its way it is quite pretty. You can imagine the planet being like this soon enough.
Hiorns's transformations have about them an end-of-the-world feeling. His show might be an anticlimax after Seizure, but, like much of his art, it is also at heart decorative. There is nothing wrong with this. There is ornament in Wright's work, too. In fact, there is a lot of labyrinthine creative thinking and highly crafted play in this year's show, which evidences no great change in artistic practice. It is business as usual.
Skaer's work feels to me a bit academic and formal, as if she is trapped inside the loops and feedback of her own thinking. David could have capitalised more on the drama: I wanted him to go further, though I like his installation a good deal more than many of his previous works. The humour and solipsism palls a bit. But Wright's quiet drawings work their way under your skin. Much more than murals or pictures on a wall, they charge the spaces they inhabit and make you see them differently. And seeing differently is one thing that art, and artists, are meant to do. Wright, then, to win. | This year's Turner prize show has brains, brawn and beauty – from bits of rendered cow to a giant gold-leaf wall drawing. Adrian Searle plunges in and picks his winner | 47.314286 | 0.714286 | 1.228571 | high | low | abstractive |
http://www.theguardian.com/artanddesign/2012/oct/25/gangnam-style-ai-weiwei | http://web.archive.org/web/20151009141050id_/http://www.theguardian.com/artanddesign/2012/oct/25/gangnam-style-ai-weiwei | Gangnam Style, the Ai Weiwei way | 20151009141050 | Ai Weiwei, the dissident Chinese artist, has officially hopped on the Gangnam Style bandwagon. On Wednesday Ai tweeted a cover version of South Korean rapper Psy's enormously popular music video, featuring the hefty 55-year-old artist – brow furrowed, grey-bearded, sunglasses on – dancing frenetically with a cohort of associates in his Beijing courtyard studio.
In the four-minute video Ai, wearing a bright pink shirt and black suit, imitates Psy's signature horse-riding dance and at one stage loses his sunglasses in the process. The footage is spliced with clips from Psy's original video but none of it showing the rapper himself. About 55 seconds in Ai pulls a pair of handcuffs from his pocket and waves them above his head, a possible reference to the 81 days he spent in detention last spring.
Ai's parody is titled Grass Mud Horse Style after an alpaca-like animal invented by China's web users as a protest against internet censorship – its pronunciation in Chinese (Cao Ni Ma) sounds similar to a profane insult, forbidden on the country's social networking sites. Ai's 2011 work Grass Mud Horse Blocking the Centre shows a nude Ai holding a Grass Mud Horse plush toy over his genitals – the title sounds like an obscenity hurled directly at China's central party leadership.
PSY's Gangnam Style has more than 530m views and counting on YouTube. On Tuesday the United Nations secretary general, Ban Ki-Moon, met with the rapper to commend him on his international appeal. "You are so cool; I hope that you can end the global warming," Ban said, according to Reuters.
Ai continues to be a looming presence in the international art world. He's the subject of a sprawling exhibition at the Smithsonian's Hirshhorn Museum in Washington DC called Ai Weiwei: According to What? Recently he has contributed commentaries to The Guardian and guest-edited an issue of the New Statesman.
Yet Ai's troubles with the government are far from over. Since his release in June authorities have kept him under close watch. They refuse to return his passport, barring him from accepting a faculty position at Berlin's University of the Arts. In late September Ai and his company Fake Cultural Development lost their final appeal against a $2.4m tax fine.
"Ai Weiwei's art and his activism resonate far beyond the art world and encourage an expanded dialogue on crucial social, cultural, and political issues of the day," Hirshhorn museum director Richard Koshalek said in an exhibit catalogue, according to CNN.
He's a pretty good dancer to boot. | Chinese dissident artist does version of rapper Psy's clip pointedly titled Grass Mud Horse Style, a jibe aimed at regime | 22.863636 | 0.727273 | 2.090909 | medium | low | mixed |
http://www.cnbc.com/2015/06/27/reuters-america-china-backed-aiib-to-take-concrete-shape-at-founders-meeting.html | http://web.archive.org/web/20151009214752id_/http://www.cnbc.com/2015/06/27/reuters-america-china-backed-aiib-to-take-concrete-shape-at-founders-meeting.html | China-backed AIIB to take concrete shape at founders meeting | 20151009214752 | * Founder members will sign articles of agreement
* China to have largest share in AIIB, followed by India
* Bank to start operations at year-end
SHANGHAI/BEIJING, June 28 (Reuters) - One of China's biggest ever foreign policy successes will take concrete shape on Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank (AIIB) in Beijing.
The founding members of the China-backed AIIB will sign articles of agreement that decide each member's share and the bank's initial capital.
The multilateral institution, seen as a rival to the Western-dominated World Bank and Asian Development Bank, was initially opposed by the United States but has attracted many prominent U.S. allies including Britain, Germany, Australia and South Korea. Other founding members include most Asian nations and countries from the Middle East and South America.
Japan and the United States are the most prominent nations not represented in the bank. China has said it has left the door open for them to join.
"It's a huge diplomatic and strategic win for China," said Malcolm Cook, a senior fellow at the Institute of Southeast Asian Studies in Singapore, said of the AIIB.
"(But) the fact that so many have signed on will mean that the management of the AIIB will be quite complicated...The more countries you have on board, the more interests will be at play and more each member will of course want the institution to serve their own interests."
One senior Western diplomat in Beijing said China had felt it had no choice but to set up its own bank after repeated attempts to reform existing institutions like the International Monetary Fund to take into account China's role as the world's second-largest economy were blocked in Washington.
"The United States only has itself to blame," said the diplomat, from a country which has signed up to the AIIB, speaking on condition of anonymity.
Asian countries are expected to own up to 75 percent of the bank while European and other nations will own the remainder. Each Asian member will then be allotted a share of that 75 percent quota based on their economic size, two Japanese sources have said.
The AIIB will begin with authorized capital of $50 billion, eventually to be raised to $100 billion.
China is likely to hold a 25-30 percent stake, while India will be the second-biggest shareholder with a possible 10-15 percent, delegates at a meeting to finalise the new bank's articles of agreement told Reuters in May.
Germany plans to take a 4.1 percent stake to become the fourth-biggest member after China, India and Russia, according to a finance ministry draft document seen by Reuters earlier this month.
Australia said last Wednesday it would contribute A$930 million ($719.36 million) over five years to become the institution's sixth largest shareholder.
China says it will not hold veto power within the AIIB, unlike the World Bank where the United States holds a limited veto.
The AIIB is the brain child of influential Chinese think-tank China Center for International Economic Exchanges, or CCIEE, which is helmed by former vice premiers and ambassadors, among others. The think-tank had proposed the creation of the bank in 2013 as an institution that balances China's political and economic priorities, CCIEE officials said.
"The AIIB has made a lot of progress so far in its preparatory work, but this is only the first step in a long road ahead," Chinese Finance Minister Lou Jiwei said in a commentary published on the website of the official People's Daily newspaper on Thursday.
"It will require a lot more effort to bring the AIIB up to the standards of global financial institutions."
Apart from backing the AIIB, China has also pledged billions of dollars to the Silk Road fund and the "One Belt, One Road" initiative, which are also aimed at funding infrastructure to increase trade and connectivity between Europe and Asia. ($1 = 1.2928 Australian dollars)
(Additional reporting by Ben Blanchard; Editing by Raju Gopalakrishnan) | *China to have largest share in AIIB, followed by India. The multilateral institution, seen as a rival to the Western-dominated World Bank and Asian Development Bank, was initially opposed by the United States but has attracted many prominent U.S. allies including Britain, Germany, Australia and South Korea. "It's a huge diplomatic and strategic win for China," said... | 10.945205 | 0.986301 | 30.054795 | low | high | extractive |
http://www.cnbc.com/2014/10/30/im-grateful-tim-cook-said-hes-gay-barney-frank.html | http://web.archive.org/web/20151009215014id_/http://www.cnbc.com/2014/10/30/im-grateful-tim-cook-said-hes-gay-barney-frank.html | I'm grateful Tim Cook said he's gay: Barney Frank | 20151009215014 | Apple CEO Tim Cook's announcement that he's gay is "extraordinarily important" in the effort to break down prejudices and stereotypes, said former Rep. Barney Frank, who served decades in Congress as one of the most prominently openly gay politicians.
Lesbian, gay, bisexual, and transgendered people just want to be treated the same under the law, Frank told CNBC on Thursday, shortly after Cook's revelation in a BloombergBusinessweek op-ed. The Massachusetts Democrat said Cook's courage will help others who may be reticent or struggling whether to publicly discuss their sexual orientation.
Read MoreApple's Tim Cook: 'I'm proud to be gay'
"When the man who has been the leader for several years with great success of one of the most important ... businesses in America, says, 'Oh by the way, you know those people about whom you have these negative feelings, well I'm one of them.' That does such an enormous amount to diminish the negative feelings," Frank said. "I am very grateful for him doing it."
The retired congressman, who took office in Congress in 1981 and came out as gay six years later, said Cook was "wise" for not coming out when he first took the helm at Apple. He said Cook's track record of success will render moot any concerns about whether an openly gay CEO would hurt the company's finances. "Now, it's just indisputable that his sexual-orientation is important to him personally ... but that's it's a wholly irrelevant factor economically."
Read MoreBarney Frank in praise of ... Ted Cruz?
"The progress we've made in 50 years is enormous," Frank said. "It's been the process of millions of Americans telling their friends, their relatives, their customers, their patients, etc., who we are. That we're gay."
Frank said he does not own an iPhone because he's Luddite. "[But] I did just get an iPad, so I can read emails." | Barney Frank says Tim Cook's announcement that he's gay is "extraordinarily important" in the effort to break down prejudices and stereotypes. | 15.307692 | 1 | 18.846154 | low | high | extractive |
http://www.cnbc.com/2014/10/16/buyers-beware-the-bear-market-has-begun-gartman.html | http://web.archive.org/web/20151009222704id_/http://www.cnbc.com/2014/10/16/buyers-beware-the-bear-market-has-begun-gartman.html | Buyers beware, the bear market has begun: Gartman | 20151009222704 | "This is the start of a bear market," Gartman, the founder of the closely watched Gartman Letter, told CNBC Europe's "Squawk Box" on Thursday. "You stay in cash and you stay in short term bonds and you don't move out, this is a very difficult period of time and I'm afraid - and
I don't like to think about it – but this might be the very beginnings of a bear market that could last some period of time," he warned.
Gartman's comments come amid global market turmoil, particularly in the U.S. this week on the back of weaker economic data and fears of an economic slowdown in previous growth engines China, the U.S. and Germany.
Rwad more: How investors should react to the selloff
On Wednesday, yields on benchmark 10-year Treasurys hit their lowest level since May 2013 as investors scrambled for a safe haven for their cash as markets plunged; the Dow Jones Industrial Average closed down 173 points, or 1.06 percent, paring losses after an intraday decline of 458 points while other major indexes also recorded sharp falls and volatile trading.
Read more: Markets rally sharply into the close, Dow down 170
Gartman warned that there was going to be "more than a mere 7 to 10 percent correction" in markets which had enjoyed a bull run since the U.S. Federal Reserve announced an unprecedented bond-buying program designed to stimulate growth in the world's largest economy.
"I don't like to be that way- you have to remember that in the business of trading…in the business of trading bears don't eat. Only bulls in the market enjoy the upside, only bulls actually get paid over time. I don't like to be bearish but this is a time to be at least neutral and perhaps at worst bearish."
Earlier this week, Gartman told CNBC he has "north of 80 percent in cash and short-term bond funds." He said Wednesday's flight to Treasurys was "real panic buying in the bond market probably by those that have been short, because so many people have been bearish of the bond market."
Read more: Abnormal bond marketmove signals bears capitulating
Current market turbulence has widely been attributed to a slowdown in economic growth, though Gartman was optimistic that economies were experiencing a slowdown rather than heading for recession. | The selloff in global markets is set to continue as a bear market takes hold, according to widely followed investor Dennis Gartman. | 18.958333 | 0.666667 | 1 | medium | low | abstractive |
http://www.cnbc.com/2014/12/16/hidden-costs-of-retiring-abroad.html | http://web.archive.org/web/20151010024123id_/http://www.cnbc.com/2014/12/16/hidden-costs-of-retiring-abroad.html | Hidden costs of retiring abroad | 20151010024123 | The first such fee is what's known as a transfer fee, which can cost $15 to $100 per transfer of money to the foreign location of your choice. If there are regular transfers on a monthly basis, those fees will rapidly add up.
But the biggest expense factor is the exchange rate itself, said Michael Ward, CEO of currency exchange service USForex.
Read MoreLate careers reset retirement
According to Ward, currency specialists offer additional tools to structure and protect nest eggs against currency exposure. "We see significant savings we can pass on to retirees, compared to the financial institutions many are dealing with," he said.
Once retirees have checked transfer fees and exchange rates off their fix-it lists, they can start thinking about immersing themselves not only in their new surroundings and the local culture but also the financial markets in their new country as well.
The dream to retire abroad can become reality—if done right. | As many as 3 million boomers plan to retire abroad. Sharon Epperson interviews Michael Ward of USForex on the hidden costs they can expect. | 7.115385 | 0.615385 | 1 | low | low | abstractive |
http://www.cnbc.com/2014/10/29/weak-oil-price-hits-total-results.html | http://web.archive.org/web/20151010111558id_/http://www.cnbc.com/2014/10/29/weak-oil-price-hits-total-results.html | Weak oil price hits Total results | 20151010111558 | In light of this, Pouyanne said Total would continue with asset sales, including plans to sell adhesives company Bostik, an oil and gas field in Norway and mining assets in South Africa.
"The recent decrease in the price of Brent highlights the importance of the programs we launched to reduce costs and control investment to strengthen the resilience of the Group," the new chief executive said in a report detailing Total's results.
On Tuesday, rival oil major BP also warned of the impact of lower commodity prices, although it still saw a jump in operating cash flow for the third quarter.
Read MoreBP raises dividend despite oil price drop, Russia
Also on Wednesday, Norwegian energy firm Statoil reported an unexpected third-quarter net loss, due to a string of impairment charges on projects from Canada to Angola. | Total warned that sliding oil prices had hit its third-quarter results and could weigh for the rest of 2014. | 7.181818 | 0.590909 | 0.954545 | low | low | abstractive |
http://www.cnbc.com/2014/10/17/cramer-homework-leads-to-profits.html | http://web.archive.org/web/20151010123928id_/http://www.cnbc.com/2014/10/17/cramer-homework-leads-to-profits.html | Cramer: Homework leads to profits | 20151010123928 | Most people have all heard their mother say, "Well, if so-and-so jumped off a bridge, would you do it too?"
Jim Cramer thinks that saying also applies to the stock market.
Sometimes, the cool kids forget about the earnings they thought were so weak last week when the market was down, and they actually turn out to be quite good .
Remember Alcoa? It reported a stellar quarter, but its earnings coincided with a market slide. Now that the market recovered on Friday, the stock rallied 6.6 percent. Cramer thinks there is a terrific buying opportunity here.
"If you did your own homework this week, you made a heck of a lot more money than if you were simply swayed by a market that wanted to go down despite the stellar fundamentals of some of the great companies that had the misfortune to announce their earnings during a miserable week of trading," said the "Mad Money" host.
Cramer was also amazed at the incredible earnings reported by American Express when it reported. Why? Because he did his homework and knew the credit-card firm was on track. That stock went down like a ship with the market and then climbed back up on Friday when the market came back.
---------------------------------------------------------- Read more from Mad Money with Jim Cramer Cramer Remix: Why the market bounced Cramer: Blame the CDC, not the Fed Netflix: Anatomy of a disaster ----------------------------------------------------------
"We realized how strong American Express was versus the competition, and now the stock won't quit. I think it goes much higher," Cramer added.
In Cramer's view, only the personal perspective matters. If the research has been done, then investors can determine their own views, regardless of what the negative analysts say.
Ultimately, knowledge is power. That way, when the market drops, you can relax knowing that fundamentals are intact and ignore the big bad market bully in the hallway. | With the markets back on Friday, Cramer reminds his audience of the importance in doing stock research to know when to join the cool kids club. | 13.535714 | 0.714286 | 1.285714 | low | low | abstractive |
http://www.cnbc.com/2014/07/11/portugal-doesnt-mean-euro-zone-crisis-yet.html | http://web.archive.org/web/20151010130400id_/http://www.cnbc.com/2014/07/11/portugal-doesnt-mean-euro-zone-crisis-yet.html | Portugal doesn't mean euro zone crisis... yet | 20151010130400 | In particular, we may need to wait more than six months to see any net liquidity impact, since the September and December allocations coincide with earlier LTRO repayments, leaving what Pantheon Macroeconimcs' Claus Vistesen calls "a potentially worrying 'air-pocket' over the next six months where the central bank's balance sheet continues to contract, making the verbal commitment to easing increasingly difficult to rely on as a sole back-stop".
Will we really have to wait till 2015 to see any significant step to stop the deflation rot?
Read MoreHere's what's happening in Portugal
Digging deeper, and beyond fears about what the coming ECB bank stress tests may turn up, the simple passage of time in itself could complicate things.
The recent bout of May industrial output numbers has had everyone busily revising down their second-quarter growth forecasts, and it is obvious that even if outright deflation is avoided, inflation will be very, very low. Which means nominal gross domestic product (GDP) over the next couple of years may barely increase, sending sovereign debt levels onwards and upwards.
All official sector projections have these levels peaking either this year or next, but now these estimates will need to be revisited.
Naturally the "Mario Draghi ultimately has my back" feeling will prevail, but with markets continuing to finance debt levels that many recognize are unsustainable (beyond Greece especially Portugal and Italy), concerns will rise that the size of the pill may become just too big for the ECB to comfortably swallow, leaving the specter of private sector involvement to rear its ugly head.
So, yet again, we find our way back to Japan. As long as Abenomics is perceived to work, Draghi's promise holds. But the day doubts enter about the ability of the BoJ to generate inflation and handle all that government debt, that day the euro crisis will be well and truly back. What happened yesterday was just an early warning of mines lying on the road ahead. | Yesterday's sharp move in global markets had as much to do with market nerves after a long spell of repressed volatility as it did with Portugal. | 13.714286 | 0.571429 | 0.571429 | low | low | abstractive |
http://www.cnbc.com/2015/04/10/dont-you-dare-invest-without-these-3-things.html | http://web.archive.org/web/20151010133132id_/http://www.cnbc.com/2015/04/10/dont-you-dare-invest-without-these-3-things.html | Don't invest without these 3 things | 20151010133132 | These points are simple in theory, but the execution can be difficult.
Cramer said to keep this in mind: If you have credit-card debt, you are paying extremely high interest rates on that debt, and that is just not going to create wealth in the long run. So, pay down the debt while avoiding extreme measures such as cutting up or throwing the cards out.
When it comes to health insurance: Just a couple of hospital visits with no insurance can wipe out your bank account. Everyone will visit a hospital eventually, so make sure you are insured.
"You should not invest a penny in the market before you have health insurance. You might think that the Affordable Care Act makes this a non-issue. But you now either have to buy health insurance or you pay a fine and still have no health care insurance," said Cramer.
Granted, the fine may be minimal. But, ultimately, it is still cheaper to buy insurance before you get sick.
---------------------------------------------------------- Read more from Mad Money with Jim Cramer Cramer Remix: This stock may be ready to break out Cramer wall of shame—Naughty Macerich! Cramer: Hot money pouring from these stocks ----------------------------------------------------------
The last thing on your list needed before investing in stocks, is disability insurance.
Just as with the rationale regarding health insurance, the same applies to disability insurance. All of your precious gains racked up in the stock market can be wiped out because you will have to spend money to support yourself while unemployed and injured.
So, if you think you can afford to own stocks, seriously consider Cramer's prerequisites. Capital preservation can ensure that the wealth you build will flourish at a sustainable pace, and will last for the long term. | Jim Cramer reveals three things that must be in place before you even think about investing. | 20.117647 | 0.588235 | 0.823529 | medium | low | abstractive |
http://www.cnbc.com/2015/04/10/never-ever-do-this-with-your-401k.html | http://web.archive.org/web/20151010133304id_/http://www.cnbc.com/2015/04/10/never-ever-do-this-with-your-401k.html | Never, ever do this with your 401(k) | 20151010133304 | Yes, you should contribute to your 401(k) if it is available to you. Most companies will match your contributions to a certain point, and that's like getting free money. Woo hoo!
The caveat to contributing is what you use the money to invest in. Cramer advised that you should not use much of your 401(k) funds to buy stock in the company that employs you.
Why? Because one of the key components to investing is diversification. Meaning that if you expose too much of your portfolio to the same sector, than you run an enormous risk.
Hence, investing your retirement money into the same company that is paying your salary is not a good idea. That is like putting your savings into the same basket as your paycheck.
What if you worked for a company like Enron and invested all of your retirement into their stock? Your retirement probably would have gone down the tubes along with the company.
"You probably feel like you understand the company that you work for, and the excuse is that you're investing in what you know. I'm telling you, that excuse doesn't cut it," Cramer added.
---------------------------------------------------------- Read more from Mad Money with Jim Cramer Cramer Remix: This stock may be ready to break out Cramer wall of shame—Naughty Macerich! Cramer: Hot money pouring from these stocks ----------------------------------------------------------
When dealing with investing, regardless if it is your 401(k) or your own mad money, diversification comes before everything else. Never put more than one-fifth of your funds toward the company that you work for, Cramer advised.
That way you can build a lasting retirement portfolio to take care of both you and your family. | Jim Cramer reveals how to build a sustainable portfolio for retirement, starting with this 401(k) no-no. | 15.714286 | 0.714286 | 1 | medium | low | abstractive |
http://www.cnbc.com/2015/01/04/uks-eu-referendum-may-be-earlier-than-planned-uk-pm.html | http://web.archive.org/web/20151010144206id_/http://www.cnbc.com/2015/01/04/uks-eu-referendum-may-be-earlier-than-planned-uk-pm.html | UK's EU referendum may be earlier than planned: UK PM | 20151010144206 | Although Cameron wants Britain to remain in a reformed EU, he has said he will "rule nothing out" if he cannot get the changes he wants.
Cameron's centre-right Conservatives have governed Britain in coalition with the centre-left Liberal Democrats since 2010.
Most opinion polls give the main opposition Labour Party a narrow lead ahead of the May election, but many analysts think no one party is likely to win an outright majority in parliament, possibly resulting in another coalition government of two or more parties. | U.K. Prime Minister David Cameron wants to bring forward a planned referendum on Britain's membership of the European Union from late 2017. | 4.208333 | 0.375 | 0.541667 | low | low | abstractive |
http://www.cnbc.com/2015/01/08/constellation-brands-raises-profit-forecast-as-beer-sales-rise.html | http://web.archive.org/web/20151010185058id_/http://www.cnbc.com/2015/01/08/constellation-brands-raises-profit-forecast-as-beer-sales-rise.html | Constellation Brands raises profit forecast as beer sales rise | 20151010185058 | Constellation, whose brands include Robert Mondavi and Rex Goliath wines and Svedka vodka, said in October it was expanding capacity at its Nava brewery in Mexico.
Growth in Hispanic population in the United States has led to higher demand for beers imported from Mexico.
Victor, New York-based Constellation raised its adjusted profit forecast for the year ending Feb. 28 to $4.25-$4.35 per share from $4.10-$4.25 per share.
Analysts on average were expecting $4.24 per share, according to Thomson Reuters I/B/E/S.
Constellation's net income rose to $222 million, or $1.10 per share, in the third quarter ended Nov. 30 from $211 million, or $1.07 per share, a year earlier.
Excluding items, the company earned $1.23 per share, higher than the average analyst estimate of $1.14.
Net sales increased 7 percent to $1.54 billion. | Constellation Brands raised its full-year earnings forecast after reporting higher-than-expected quarterly sales and profit. | 8.238095 | 0.714286 | 0.809524 | low | low | abstractive |
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