Seagate Technology Had a Good Quarter

Seagate Technology Had a Good Quarter

Seagate Technology (NASDAQ: STX) has been in fine form of late, appreciating over 30% in the past six months thanks to a better-than-expected quarterly report in October 2017. The data storage specialist trumped earnings expectations by a wide margin because of stringent cost controls, thereby boosting investor confidence. Continue Reading Below The company is set to report second-quarter results on Jan. 29. Investors have already gotten a look at some of the numbers and will…

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Why 2017 Was a Year to Remember for Teck Resources Ltd.

Why 2017 Was a Year to Remember for Teck Resources Ltd.

Teck Resources Ltd. (NYSE: TECK) investors will likely look back fondly on 2017. Although it was a bit of a roller-coaster ride, the miner’s shares ended the year with a hefty 30% gain. But that’s not the only good news: There were some notable events that led to that gain and one that teed up a brighter 2018. Here’s why 2017 was a year to remember for Teck. Continue Reading Below Market-moving events Teck’s big…

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This Growing Social Security Trend Could Give Seniors Some Tax Relief

This Growing Social Security Trend Could Give Seniors Some Tax Relief

Seniors rely on Social Security benefits to support them in retirement, but many of them end up paying income taxes on a portion of their Social Security income. Not only does the federal government impose taxes on Social Security for those whose incomes are above certain threshold levels, but more than a dozen states add on state-level income taxes of their own. Continue Reading Below Recently, some local lawmakers have looked at the demographic trends…

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Top male BBC earners agree to pay cut after gender gap furor

Top male BBC earners agree to pay cut after gender gap furor

LONDON –  The BBC is reporting that several of its highest-paid male broadcasters have agreed to take a pay cut after revelations of a gender divide in salaries. Continue Reading Below The BBC said Friday that radio hosts Jeremy Vine and John Humphrys and TV news anchorman Huw Edwards had agreed to accept reduced salaries. All three appeared on a list released last year that revealed that two-thirds of the BBC’s highest earners were men….

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British economy picked up at end of 2017

British economy picked up at end of 2017

LONDON –  The British economy picked up some speed at the end of 2017, which was otherwise a year that saw it slow amid uncertainties over Brexit. Continue Reading Below The Office for National Statistics said Friday that the economy grew by 0.5 percent in the fourth quarter compared with the previous three-month period. That’s slightly above the 0.4 percent expected on average by economists and a pickup from 0.4 percent in the third quarter….

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UK Brexit chief pledges host of new trade deals for Britain

UK Brexit chief pledges host of new trade deals for Britain

LONDON –  Britain’s top Brexit official says the U.K. will be able to strike new trade deals outside the European Union as soon as it leaves the bloc next year — even though it will remain bound to EU customs and market rules for some two years after 2019. Continue Reading Below Brexit Secretary David Davis says that during the post-2019 transition Britain will be free to negotiate and sign trade agreements, though they would…

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US Treasury official urges regulation of crypto currencies

US Treasury official urges regulation of crypto currencies

TOKYO –  A senior U.S. Treasury official touring Asia has urged banks and financial regulators in the region and elsewhere to do more to tighten oversight of booming trading in bitcoin and other crypto currencies. Continue Reading Below Sigal Mandelker, the Treasury undersecretary for terrorism and financial intelligence, said Friday that more needs to be done to prevent money laundering and other criminal activities using such transactions. Speaking to reporters in Tokyo after visiting China,…

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US sales of outdoor equipment slump as consumer habits shift

US sales of outdoor equipment slump as consumer habits shift

DENVER –  The outdoor gear industry has brought its biggest winter marketplace to Denver as it faces slipping sales and shifting U.S. consumer habits. Continue Reading Below About 1,000 manufacturers are showing new products to 11,000 retail buyers at the Outdoor Retailer and Snow Show, which opened Thursday and runs through Sunday. Industry retail sales totaled $18.9 billion from December 2016 through November 2017, down 6 percent from the previous 12 months. The figures are…

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Trump’s infrastructure plan comes with a huge hole

Trump’s infrastructure plan comes with a huge hole

WASHINGTON –  When President Donald Trump unveils his plan to beef up the nation’s infrastructure plan next month, it will include a crater-sized hole. Continue Reading Below The trust fund that pays for most federal highway and transit aid is forecast to go broke in about three years unless the government significantly scales back its transportation spending or comes up with more money. But Trump’s infrastructure plan is silent on the looming problem, an administration…

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Trump turns again on immigration, allies bash ‘Amnesty Don’

Trump turns again on immigration, allies bash ‘Amnesty Don’

NEW YORK –  Fearing betrayal on a signature campaign issue, President Donald Trump’s loyalists across the country are lashing out against his proposal to create a path to citizenship for nearly 2 million “Dreamer” immigrants. Continue Reading Below Trump-aligned candidates from Nevada and Virginia rejected the notion outright. The president’s most loyal media ally, Breitbart News, attacked him as “Amnesty Don.” And outside groups who cheered the hard-line rhetoric that dominated Trump’s campaign warned of…

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