Christopher Goodney | Bloomberg | Getty Images Darius Adamczyk, chief executive officer of Honeywell International Inc. Honeywell reported a higher-than-expected profit for the first quarter on Friday and lifted its full-year earnings forecast for the second time this year, citing higher sales in its aerospace business. Industrial conglomerate Honeywell, which makes everything from jet engines
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Olivia Harris | Reuters Authorities around the world, including the United States, Switzerland and Singapore have looked into anti-money laundering breaches relating to 1MDB. The financial scandal — one of the world’s biggest — has rocked Malaysian politics and involves players as diverse as Goldman Sachs and Hollywood. The state of 1MDB’s finances has been
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Adam Dell grew up in Houston, the son of a dentist and a stockbroker. His older brother Michael was a big deal in computing. After a career in venture capital brought him some fame and fortune of his own, he had a child with Padma Lakshmi, a model and movie star. Now he is settling
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Pier 1 Imports‘ stock plummeted more than 20 percent Thursday morning after the company reported sales that missed analysts’ expectations, also ceasing its dividend payouts. The home furnishings retailer said halting its dividend payments to investors “will enable the company to allocate greater resources toward implementing its three-year strategic plan to drive sales and earnings
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When planning for health-care costs in retirement, it pays to factor in a particular worst-case scenario: an earlier-than-anticipated workforce exit. A new analysis from Fidelity Investments estimates that a healthy 65-year-old couple retiring this year will need $280,000 to cover their health costs in retirement. For individuals, the projection is $133,000 for a man and
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TSMC is the largest semiconductor foundry company in the world and manufactures chips for leading technology firms such as Apple and Nvidia. Apple shares are down 1.8 percent in Thursday’s premarket session, while Nvidia is down 2.2 percent. Taiwan Semiconductor Manufacturing shares fell 5 percent. TSMC on its conference call blamed “softening” demand in the
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High-testosterone managers “trade more frequently, have a stronger preference for lottery-like stocks and are more likely to succumb to the disposition effect,” the report said, referring to the tendency of investors to sell assets at higher prices and holding onto those that have dropped in value. The researchers also found that hedge-fund investors — specifically,
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G-20 countries are “weak” and have moved “too slowly” in improving transparency over financial secrecy two years after the Panama Papers revealed how wealthy individuals hide their money, an international corruption watchdog said Thursday. Transparency International warned that 10 G-20 nations have “very weak” legal frameworks that do little to help law enforcement officials and
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New York Attorney General Eric Schneiderman announced on Tuesday that he is investigating at least 13 cryptocurrency exchanges, including the popular platform Coinbase. “Too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms,” Schneiderman said in a statement. Schneiderman said he hopes to make
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Starting this week, some consumers may have a higher credit score. Because of improved standards for utilizing new and existing public records, the three major credit reporting companies are now excluding all tax liens from credit reports. That means some scores will head higher, for some by as much as 30 points. Credit scores, notably
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IBM slumped more than 7.5 percent Wednesday, making for the stock’s worst day since April 2013, as analysts and investors balked at lower-than-expected adjusted margins. The tech company announced better-than-expected earnings and revenue Tuesday. But IBM reported margins that, exempting one-time boosts from workforce restructuring and changes to the U.S. tax code, were mostly flat
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