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How much capital do you need for retirement?Calculating how much capital needed for retirement can be tricky. Financial adviser Guy Baker explains the Rule of 72 and how to apply it for retirement saving.
Morgan Stanley agrees to pay $275 million for mortgage bond settlementMorgan Stanley has agreed to pay $275 million to settle a case alleging that Morgan Stanley misled investors about risky mortgage bonds it sold prior to the 2008 financial crisis.聽Morgan聽Stanley聽neither admitted nor denied the allegations
Dunkin' Donuts sales miss expectations. Dunkin' Brands CEO decides to push 'upselling.'Dunkin' Donuts US sales grew 1.8 percent in the second quarter, missing expectations. Dunkin' Brands Group CEO Nigel Travis also says Dunkin' Donuts cashiers will 'upsell' more often.
Light-duty vehicles' energy consumption to tick down in 26 yearsLight-duty vehicles' energy consumption is projected to decrease from 63 percent of the transportation sector in 2012 to 51 percent in 2040, according to a report from the US Energy Information Administration. The report cites improved fuel economy as a driving factor.聽
US new home sales drop in JuneNew home sales in the US fell 8.1 percent in June, signaling that real estate is still a weak spot in the US economy. June US new home sales are also 11.5 percent below June 2013 levels.
General Motors profits fall 85 percent on recall costsGeneral Motors, which is in the midst of the largest spate of recalls in its history, posted a net聽profit聽of $190 million, or 11 cents per share.聽
Walmart US CEO Bill Simon to step down as growth lagsWalmart US CEO Bill Simon will vacate his position next month, the company announced Thursday. Greg Foran, the CEO of Walmart Asia, will assume Bill Simon's position on August 9.
Comic Con 2014: Where to find deals on comic books, video gamesIn honor of San Diego Comic Con 2014, here is a breakdown of what comic books and video games are on sale, plus where to find the deals. For example, Marvel Digital Comics has a deal on the first Guardians of the Galaxy comic book.
McDonald's got World Cup exposure but not revenueMcDonald's reportedly spent between $10 million $25 million to be a sponsor of the 2014 FIFA World Cup. Although McDonald's got publicity from the World Cup exposure, the company did not get the benefit of higher sales.
Facebook stock (FB) soars on earnings report. Could it break a record?Facebook stock (FB) jumped in extended trading Wednesday after its second quarter earnings report blew past expectations. Facebook stock climbed nearly 4 percent in extended trading after the results came out, signaling that it could hit a record high when the聽stock聽market opens on Thursday.
Cars that will be gone in 2015As the auto industry adds on more cars, others have to go. Here is a breakdown of which cars will be gone in 2015, which ones are changing into different models, and which ones are on hold for now.
General Motors issues recalls for 718,000 vehiclesGeneral Motors issued six recalls on Wednesday for 718,000 cars and trucks. General Motors' latest round of recalls brings the annual total to 60 recalls covering nearly 30 million vehicles.聽
Listeria scare and fruit recall expand to Ralph's, Food 4 LessListeria contaminated fruit from Wawona Packing Co. may have been shipped to Costco, Trader Joe's, Ralph's, and Food 4 Less.聽Wawona Packing Co聽is recalling fresh Sweet 2 Eat brand peaches, plums, nectarines and pluots because of potential contamination by listeria contamination, the FDA says.聽
IMF says US economic growth to be weakest since recessionThe International Monetary Fund says the US's economy will grow at its weakest pace since the Great Recession ended. The lag in growth stems from temporary factors like harsh weather conditions, the IMF says, but it sees US economic growth to be stronger for the rest of 2014.
Has US created a two-tier tax system based on wealth?The US's tax system is turning into a two-tier tax system, with wealth as the determining factor, writes Howard Gleckman. Many affluent and influential people and organizations have almost unlimited power when it comes to their taxes.
Chrysler recalls 792,300 Jeep Commanders, Jeep Grand Cherokees for ignition switch glitchChrysler has recalled about 792,300 Jeep Commanders and Grand Cherokees from all over the world. Chrysler issued the recall because there is a problem with the cars' ignition switch, which has been linked to one accident so far.聽
Detroit pension cuts face pushback from bond insurersDetroit pension cuts as part of a city bankruptcy plan were approved by city retirees, but the plan is facing major resistance from companies that insure Detorit bonds and stand to lose millions. The Detroit pension cuts were approved after 60 days of voting.聽
Boeing's profits increased by 52 percentBoeing says its net income increased to $1.65 billion in the second quarter, up by 52 percent from $1.09 billion in the same quarter a year ago. Boeing says revenue also increased 1.1 percent to $22.05 billion, slightly less than what analysts had expected.
Why Amazon's Fire Phone commercial is really about Amazon PrimeThe Amazon Fire Phone will be launching soon, and Amazon released its first Fire Phone TV commercial. But the commercial highlights that Amazon wants people to care more about Amazon Prime than the Amazon Fire Phone, writes Louis Ramirez.
Goodwill, feds investigate possible bank card hacking scamGoodwill Industries is cooperating with federal authorities in investigating a possible theft of payment card numbers from some US stores.聽Goodwill聽said it is working with credit card makers, the Secret Service and fraud investigators to figure out if a breach occurred.
