Monday, August 29, 2016

CBO's Very Bad Report - It's Complete Nonsense That The Top 10% Hold 76% Of All US Wealth and other top stories.

  • CBO's Very Bad Report - It's Complete Nonsense That The Top 10% Hold 76% Of All US Wealth

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  • Lyft Is Seeking a Buyer, but Apple, Uber, GM and Others Aren't Interested

    Lyft Is Seeking a Buyer, but Apple, Uber, GM and Others Aren't Interested
    The company, which is the second-largest ride-hailing firm in the United States, has apparently approached Apple, Amazon, General Motors, Google, Uber, and Didi Chuxing concerning a potential sale, “sources familiar with the situation” told The New York Times (via AppleInsider). But, despite all that searching, the company was apparently unable to find a buyer. Lyft’s discussions were most serious with G.M., which is one of the ride-hailing company’s largest investors. Still, G.M. never made a..
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  • London's mayor says overnight subway will boost economy

    London's mayor says overnight subway will boost economy
    Passengers pass an advert for the night tube on a platform at Oxford Circus underground (tube) station, in London, Wednesday August 17, 2016. The London underground launches a 'Night Tube' service for the London mass transport system on Friday August 19. (Dominic Lipinski / PA via AP) syndication.ap.org LONDON (AP) — London bills itself as a global city, the world's biggest financial center and a creative hub to rival New York. Until now, though, getting home after midn..
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  • Stock rotation to continue as Fed seen open to 2016 hike

    Stock rotation to continue as Fed seen open to 2016 hike
    By Rodrigo Campos | NEW YORK NEW YORK The rotation to cyclical sectors of the S&P 500 and away from defensive stocks could continue next week if Federal Reserve chair Janet Yellen strikes a tone more welcoming to an interest rate increase later this year.Fed speakers this week, including the influential New York Fed President William Dudley, seemed to blaze the trail for Yellen and her upcoming Friday speech in Jackson Hole, Wyoming as part of a global meeting of central bankers.Dudley said ..
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  • Former freight railroad head to be Amtrak CEO

    Former freight railroad head to be Amtrak CEO
    Posted: Saturday, August 20, 2016 12:00 am Former freight railroad head to be Amtrak CEO By Wire Reports TulsaWorld.com | 0 comments WASHINGTON — The former head of the Norfolk Southern freight railroad, Charles “Wick” Moorman, has been tapped to be president and CEO of Amtrak, the nation’s passenger railroad, Amtrak officials said Friday. Moorman’s ties to the freight rail industry should he..
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  • Foot Locker's Earnings Strength Helps Propel Nike, Under Armour

    Foot Locker's Earnings Strength Helps Propel Nike, Under Armour
    Foot Locker Inc. rose the most in four years after the sneaker chain’s second-quarter results beat analysts’ estimates, helping propel shares of Nike Inc. and Under Armour Inc.Earnings grew to 94 cents a share last quarter, the New York-based chain said on Friday. Analysts had estimated 90 cents a share on average, according to data compiled by Bloomberg.Foot Locker cited basketball sneakers, running shoes and classic styles for helping drive the growth. Basketball shoes promoted by Kyrie Irvin..
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  • Week Ahead: Yellen, GDP, Durable Goods Reports Could Help Liven Things Up

    Week Ahead: Yellen, GDP, Durable Goods Reports Could Help Liven Things Up
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  • At Viacom, Now Comes the Hard Part

    At Viacom, Now Comes the Hard Part
    Photo Shari Redstone, daughter of Sumner M. Redstone. What they will do with the company is a subject of speculation. Credit Ryan Stone for The New York Times In the summer of 1987, Sumner M. Redstone wrested control of Viacom in a hostile corporate takeover that left scorched relationships with the company’s management. Still bitter, executives sent Thomas E. Dooley, Viacom’s 30-year-old treasurer, to greet Mr. Redstone when he visited the Viacom office, the new boss w..
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  • Estée Lauder Offers Downbeat View as Department Stores Struggle

    Estée Lauder Offers Downbeat View as Department Stores Struggle
    The declining fortunes of U.S. department stores have Estée Lauder Cos. on the defensive. As one of the world’s biggest beauty brands, the maker of Clinique and MAC has reason to be worried: roughly 30% of its global sales come from department stores. Macy’s Inc., which recently disclosed it will close 100 stores by early next year, is Estée Lauder’s biggest customer accounting for roughly 9% of its annual revenue. Chief...
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  • North Carolina jobless rate falls to 9-year low in July - Winston

    North Carolina jobless rate falls to 9-year low in July - Winston
    The state unemployment rate dropped to a more than nine-year low in July at 4.7 percent, the N.C. Commerce Department reported Friday. However, economists cautioned again that the lower jobless rate doesn’t necessarily mean a healthier job market. An online service is needed to view this article in its entirety. You need an online service to view this article in its entirety. Choose an online service. ..
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Woman found dead inside pickup truck in Northwest Jacksonville .Teen dies, 3 injured in Friday night shooting in Jacksonville's ... .
Waterslide complaints surface after Kansas boy dies on ride .Intel Acquires Nervana Systems Which Could Significantly Enhance Future Machine Learning Capabilities .

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