During U.S. Steel‘s (NYSE: X) second-quarter conference call, CEO Dave Burritt made it clear that the company’s focus over the next few years will be to revitalize its assets. He spent the bulk of his prepared remarks detailing the company’s plan to invest in itself so it can improve its operational performance, […]
FOX News
Insurer Aetna unloads group life, disability for $1.45B
Aetna, the nation’s third-largest health insurer, is selling its domestic group life and disability businesses for $1.45 billion to Hartford Life and Accident Insurance Co. Continue Reading Below Aetna says the cash deal also includes its absence management business and should close next month. Health insurance is Hartford, Connecticut-based Aetna’s […]
Liz Weston: Saving money makes you happier – here’s proof
The argument over whether you should invest or pay off debt usually focuses on financial numbers, such as rates of return and interest charges. Maybe happiness should be part of the equation as well. Continue Reading Below Studies in several countries, including the U.S., Norway, Ireland and Spain, have found […]
Historical novel published last year is big seller in 2017
NEW YORK – From the moment she read an early copy of Amor Towles’ novel “A Gentleman in Moscow,” author-bookstore owner Ann Patchett had a feeling her customers would love the story of a Russian count under house arrest for decades during the reign of Joseph Stalin. Continue Reading Below […]
Cisco Systems buying BroadSoft for $1.9 billion cash
NEW YORK – Cisco Systems Inc. will pay about $1.9 billion cash to buy BroadSoft Inc. in a move aimed at expanding its communications software offerings. Continue Reading Below The networking technology giant is paying $55 per share, marking a 2 percent premium to Broadsoft’s closing price on Friday. Gaithersburg, […]
EU says investigators inspect German automakers
BRUSSELS – The European Union’s antitrust watchdog says investigators have conducted inspections at a number of German automakers over cartel concerns. Continue Reading Below The European Commission, which polices competition, said that Monday’s inspections came amid “concerns that several German car manufacturers may have violated EU antitrust rules that prohibit […]
Is the Scorching Permian Basin About to Cool Off?
While most of the oil industry spent the past two years trying to get back up on its feet after getting bowled over by the oil market downturn, there have been a few notable exceptions. One such place is the Permian Basin in west Texas and southeast New Mexico, which has become […]
Giorgio Armani outlines succession plan to keep house intact
MILAN – Giorgio Armani says he has devised a succession plan that will prevent his fashion empire from being split up into pieces. Continue Reading Below The 83-year-old Armani is one of the founding designers of Milan ready-to-wear. He has kept a firm grip on the privately fashion group Giorgio […]
How Do Dividends Affect Stock Valuation?
Dividends don’t directly affect the valuation of stock investments, as they aren’t included in the calculation of most valuation metrics. However, a company’s dividend activity or its dividend yield can certainly affect investor sentiment and move the price of the stock, thereby changing its valuation. Continue Reading Below How do […]
Futures higher after Abe election victory
Oct 23 (Reuters) – U.S. stock index futures pointed to a higher open for Wall Street on Monday, tracking gains for other major stock markets after Japanese Prime Minister Shinzo Abe’s election victory. Continue Reading Below * World stocks were lifted to an all-time high after Abe’s emphatic win in the weekend […]