It may be time to reassess your debt-payoff plan. Consumers with debt are often juggling multiple types and accounts. At the end of September, the average household with credit card debt carried a balance of $15,654, according to a NerdWallet.com analysis. Those with auto loans owed an average $27,669; student […]
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Deutsche Bank defends $1.2 billion bonus pay, blames US tax overhaul for its annual loss
Deutsche Bank has defended its decision to raise its annual bonus payments. Germany’s biggest lender is to lift its 2017 pot of bonus cash to more than 1 billion euros ($1.2 billion) despite registering a third consecutive year of losses. Earlier this month Deutsche warned that weak trading and a […]
Panera Bread is voluntarily recalling some cream cheese because of possible bacterial contamination
Panera Bread is voluntarily recalling some cream cheese sold in its U.S. stores because of possible bacterial contamination. The St. Louis-based company released a statement Sunday saying the recall was initiated after testing from a single production day indicated the presence of Listeria monocytogenes in one variety of its 2 […]
Dr Pepper Snapple and Keurig Green Mountain to merge
Dr. Pepper Snapple and Keurig Green Mountain on Monday announced plans to merge to create Keurig Dr. Pepper. Under the deal, Dr. Pepper Snapple shareholders will receive $103.75 per share in a special cash dividend and retain 13 percent of the combined company. The merger has been unanimously approved by […]
Gold treasure recovered from a 1857 shipwreck is set to make its debut
More than $50 million worth of gold bars, coins, and dust that’s been described as the greatest lost treasure in U.S. history is about to make its public debut in California after sitting at the bottom of the ocean for more than 150 years. The 3,100 gold coins, 45 gold […]
Rosenstein approved surveillance extension of former Trump adviser Carter Page
U.S. Deputy Attorney General Rod Rosenstein approved to extend surveillance of former Trump campaign adviser Carter Page shortly after assuming office last spring, The New York Times reported, citing people familiar with a secret Republican memo. The extension shows the Department of Justice, under President Donald Trump, saw reason to […]
Elon Musk’s Boring Company sold $3.5 million worth of flamethrowers
After a successful run selling hats, billionaire Elon Musk’s The Boring Company has expanded its offering to include flamethrowers. Musk announced that his infrastructure firm had started selling flamethrowers Sunday. People were able to pre-order them for $500 each, and could buy an “overpriced” fire extinguisher with a “cool sticker” […]
Leading Republican groups are raising record amounts to keep the party’s grip on the Senate
WASHINGTON — The leading outside groups working to retain the Republican Party’s grip on the Senate in November’s midterm elections raised $31.6 million last year — a record amount for the organizations in a non-election year, according to figures provided first to USA TODAY. The Senate Leadership Fund, One Nation […]
Google invests in Indonesia’s answer to Uber
Google has made an investment in Indonesian ride-hailing start-up Go-Jek. The move is part of Google’s ambition to grow Indonesia’s digital economy and start-up scene, the tech giant said in a statement Monday. “Go-Jek is led by a strong Indonesian management team and has a proven track record of using […]
Freed Saudi billionaire Prince Alwaleed says corruption detention was a ‘misunderstanding’
Saudi Arabian billionaire businessman Prince Alwaleed bin Talal has been freed after a high-profile detention during a crackdown on corruption, describing his arrest as a “misunderstanding.” Speaking to Reuters just ahead of his release Saturday, Alwaleed said that there were no charges against him following his arrest as part of […]