Desmond Collins

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Getting Rich Doesn't Have to Change Successful Entrepreneurs for the Worse

Everybody knows what they will do with the money when they get it but not everybody understands what the money will do to their lives if they don't have solid values.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>The same story prevails in thousands of Hollywood films. A broke student …

Stocks rise on OPEC production agreement; oil rally fades

HONG KONG (AP) — Energy stocks led most markets higher on Thursday after OPEC nations reached a preliminary deal to cut oil production for the first …

PepsiCo's drinks, snacks boost sales in North America

PURCHASE, N.Y. (AP) — PepsiCo sold more of its beverages and Frito-Lay snacks in North America during the third quarter, helping it deliver a profit …

Wells Fargo CEO Forfeits Millions as Board Orders Review

Wells Fargo said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices.<p>Carrie Tolstedt, the former head of the retail division at the center of a …

Deutsche Bank relief helps European markets regain footing

LONDON (AP) — European stock markets brushed aside a mixed performance in Asia earlier Wednesday to post solid gains amid some relief over the …

Qatar Airways, BA parent IAG set up revenue-sharing deal

DUBAI, United Arab Emirates (AP) — Qatar Airways and the parent of British Airways are setting up a revenue-sharing business partnership.<p>Qatar …

Nestlé is breaking rank with Big Food to support lower sodium targets for processed food

In a controversial break from the rest of the food industry, the world’s largest food company today voiced support for a White House-backed initiative that seeks to set voluntary sodium reduction targets for major food companies.<p>Nestlé is supporting the US Food and Drug Administration’s effort to …

Nutrition

JPMorgan becomes first global bank to fall foul of Hong Kong's stricter IPO sponsorship rules | Reuters

HONG KONG (Reuters) - JPMorgan Chase & Co (JPM.N) has become the first global investment bank to fall foul of Hong Kong’s stricter IPO sponsorship rules, dealing a blow to its reputation in the region.<p>A view of the exterior of the JP Morgan Chase & Co. Corporate headquarters in the Manhattan …

Stocks: 5 things to know before the open

Get ready for an interesting day.<p>Donald Trump has become the presumptive Republican presidential nominee in the U.S. after Ted Cruz dropped out of the race for the White House.<p>Wall Street reaction to the latest political events has been muted, but there's still plenty of other things that could …

Strong U.S. services sector data buoys economic outlook | Reuters

WASHINGTON (Reuters) - The U.S. services sector expanded in April as new orders and employment accelerated, bolstering views that economic growth would rebound after almost stalling in the first quarter.<p>David Wallace (L) of Lockheed Martin interviews an applicant at a job fair for veterans and …

Slumping buyback-linked ETFs could be telling stock investors to sell

You can use exchange-traded funds to express a view on the stock market. You can also use ETFs to suggest a market view in the first place.<p>One of the …

How Dubai went from desert village to global player

Slide 1 of 11<p>Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, once summed up his ambitions for the city in a simple sentence: “We want to be No. …

Does ‘staging’ a home lure buyers into paying more?

Plastic surgery might improve one’s looks. But so might a little makeup. When it comes to making your house more attractive to prospective buyers, …

Airline Profits Soar To Jaw-Dropping Record In 2015

Holy baggage fees.<p>While you, the customers, had your knees pinned against the seat in front of you and were forced to swallow record baggage and booking fees last year, the U.S. airline industry saw profits soar to the very cushiest of highs.<p>The Department of Transportation reported Monday that 25 …

Asian stocks mostly higher following US lead

MANILA, Philippines (AP) — Asian stocks were mostly up Tuesday after U.S. stock indexes moved solidly higher, recovering some of last week's steep …

SoundCloud is expanding its paid subscription service internationally

SoundCloud Go will cost £9.99 per month — mirroring the price of rival services like Spotify, Apple Music, and Tidal — for access to ad-free streaming of a library of around 125 million tracks.<p>Those tracks range from bedroom DJs to artists signed to major labels. In total, SoundCloud says 12 …

CVS Health 1Q Earnings Beat Expectations

CVS Health, the No. 2 U.S. drugstore chain by store count, reported better-than-expected quarterly revenue and profit, helped by strong demand for its pharmacy benefit management (PBM) services.<p>Revenue in CVS's PBM business rose 20.5 percent to $28.8 billion in first quarter ended March 31, with …

Investing

Sprint's loss widens, vows to cut $2 billion in costs this year | Reuters

(Reuters) - Sprint Corp on Tuesday reported a wider quarterly loss and added fewer subscribers than expected, but vowed to cut more than $2 billion in costs in the current fiscal year to stop the red ink. Sprint shares, which had fallen about 4 percent so far this year, jumped as much as 5.7 …

U.S. Stocks Regain Ground After Last Week’s Tech Selloff

Consumer discretionary shares were among the biggest gainers in the S&P 500<p>U.S. stocks posted their biggest one-day advance in more than two weeks, putting the Dow industrials and S&P 500 within 2.3% of their records.<p>While stocks have been lifted by rising oil prices and the U.S. Federal Reserve’s …

Stock Markets

Johnson & Johnson ordered to pay $55 mln in talc-powder trial | Reuters

NEW YORK (Reuters) - Johnson & Johnson (JNJ.N) was ordered by a U.S. jury on Monday to pay $55 million to a woman who said that using the company’s talc-powder products for feminine hygiene caused her to develop ovarian cancer.<p>A bottle of Johnson and Johnson Baby Powder is seen in a photo …

European stocks mixed after Asia falls; Tokyo down 3 percent

SEOUL, South Korea (AP) — European shares rose on Monday despite a poor start for the week in Asia, where the Tokyo benchmark fell more than 3 …

Stocks: Four things to know before the open

Goodbye April, hello May.<p>Markets are starting the new month looking more positive. That's not hard -- last week, they suffered their worst five-day period since February.<p>Overall, the majority of investors managed to eek out gains in April, but barely. The average gain for the month was 0.3%, …

Advocates: High court signals it won't stop $15 minimum wage

SEATTLE (AP) — The U.S. Supreme Court weighed in for the first time Monday on a $15-an-hour minimum wage, signaling it does not plan to stop the …

In the fight over fracking, Colorado state laws trump local bans, court rules

The Colorado Supreme Court on Monday ruled that state law overrides local efforts to limit hydraulic fracturing, dealing a setback to opponents of oil and gas development but potentially adding momentum to a broader fight that could play out at the ballot box this fall.<p>The ruling rejected as …

Banks, tech companies move on from bitcoin to blockchain | Reuters

NEW YORK (Reuters) - As a debate raged across the internet Monday over whether the mysterious founder of the bitcoin digital currency had finally been identified, executives at a major bitcoin conference in New York had a simple message: we’ve moved on.<p>A Bitcoin (virtual currency) paper wallet with …

Entry Level Rental Property Investing -- Even if You're Renting

You want to be a real estate investor, but you don't even own your own home. How can you make it happen? Especially when you check out your assets and cash and can't find a 20% down payment anywhere in the pile, it looks impossible.<p>You've toyed with the idea of buying a personal home, but you're …

Why Freeport-McMoRan, LogMeIn, and Genworth Financial Jumped Today

Image: Flickr, courtesy Andrew Bain.<p>Friday brought a poor end to the week for the stock market, and the Dow and S&P 500 finished down between a third of a percent, and a half-percent on the day. Anxiety about the broader global economic picture weighed on investor sentiment despite some strong …

Investing