Thursday, October 20, 2016

3 Social Security Figures All Americans Should Know and other top stories.

  • 3 Social Security Figures All Americans Should Know

    Image source: Getty Images. Social Security is rather vital to most Americans. According to the Social Security Administration, the majority of elderly beneficiaries get 50% or more of their income from Social Security, while 21% of married elderly beneficiaries and 43% of unmarried ones get fully 90% or more of their income from it. Thus, it's worth learning more about the program and how to collect as much as you can from it. Here's a start: three Social Security figures we should all know. ..
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  • Former employees file class action against Wells Fargo

    Former employees file class action against Wells Fargo
    Two former Wells Fargo employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired. The lawsuit on behalf of people who worked for Wells Fargo in California over the past 10 years, including current employees, focuses on those who followed the rules and were penalized for not meeting sales quotas. "Wells Fargo fired or demoted employees wh..
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  • Miami airport maintenance official charged in $5 million scheme

    Miami airport maintenance official charged in $5 million scheme
    MIAMI (AP) –  The director of terminal maintenance at Miami International Airport who was charged in a multimillion fraud case owned a Porsche, wore hand-tailored designer suits and rented sky boxes for concerts. Ivan Valdes, 46, started out cutting grass but was promoted in 2015 to a management job overseeing 100 people, where he is accused of hatching a scheme to skim $5 million from fraudulent light bulb purchases. He now faces a maximum 10-year prison sentence in a federal case and addition..
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  • Twitter needs to sell now or risk becoming another Yahoo

    Twitter needs to sell now or risk becoming another Yahoo
    Yahoo cofounder Jerry Yang, center, around the time of the Microsoft talks in 2008. REUTERS/Rick Wilking Twitter, which was once a darling of the tech industry and went public almost three years ago in an eye-popping IPO, appears to be up for sale. We've seen this story with an internet company before. In fact, the parallels between Twitter and Yahoo are rather striking: A rotating cast of CEOs and executives with little direction; a powerful platform once s..
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  • Airbnb Raises $555 Million In New Funding Led By Google Capital

    Airbnb Raises $555 Million In New Funding Led By Google Capital
    Airbnb has raised $555 million during a funding round, documents filed with the Securities and Exchange Commission (SEC) show. In August, rumors surfaced about the company filing official documents with the State of Delaware, which revealed Airbnb's aim to attract more late-stage capital. The Form D filed on Sept. 23 backs the story, but insiders familiar with the matter are pointing out that Airbnb is far from closing the round. According to sources, the company might push the ceiling to a fig..
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  • Puerto Rico Power Utility Restores Service

    Puerto Rico Power Utility Restores Service
    SAN JUAN, Puerto Rico รข€” Electricity was restored to most of Puerto Rico by Saturday following a rare, island-wide blackout caused by a power plant fire, the territory's power utility said Saturday. Less than 20,000 clients remained without power in some parts of San Juan and other urban areas."We have been operating under normal conditions since 2:30 a.m.," said Puerto Rico Electric Power Authority Executive Director Javier Quintana, noting that 60 hours had passed since power was knocked ou..
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  • Where Hillary Clinton and Donald Trump stand on healthcare

    Where Hillary Clinton and Donald Trump stand on healthcare
    Scott Olson/Getty; Justin Sullivan/Getty Images; Skye Gould/Business Insider On November 8, Americans will have the chance to go to the polls and elect the next president of the United States. Both major parties, Republican and Democrat, will make their cases to voters in the coming weeks. Perhaps one of the most divisive topics is healthcare, and how to reform it. Here's where each candidate stands on healthcare reform, based on information taken from their camp..
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  • Clinton, Trump couldn't be further apart on environment

    Clinton, Trump couldn't be further apart on environment
    Editor's note: This is the second in a series of five stories about the issues in the presidential race between Republican Donald Trump and Democrat Hillary Clinton. WASHINGTON — Both business and environmental groups say the gulf between Republican presidential nominee Donald Trump and Democratic nominee Hillary Clinton on environmental and energy issues is wider than it’s been between any Republican and Democratic nominee in recent history. On one end is Clinton, who has pushed an extensive e..
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  • Goldman Sachs to axe 30% of Asia investment bankers

    Goldman Sachs to axe 30% of Asia investment bankers
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  • Saudis Announce Oil Deal (In Your Dreams)

    Saudis Announce Oil Deal (In Your Dreams)
    Oil prices are low, and producers are hurting. Iraq is the latest OPEC nation to publicly say next week's meeting in Algeria can conclude with steps to tackle a global supply glut and raise prices. Without the Saudis on board, that is no more than a dream. For a meaningful impact, any agreement would need to remove crude from the market, not just freeze production. Algeria's Noureddine Boutarfa puts the size of the cut needed at 1 million barrels a day. Awash in Oil Hopes for a production free..
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