Author Archives: Douglas A. McIntyre

With $1.6 Billion Up for Grabs, 12 Things Not to Do If You Ever Win the Lottery

There soon will be some new rather filthy rich people in America. There have been no Mega Millions jackpot winners since July 24, so the jackpot will be at least $1.6 ...
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Investors Flee as Ford CEO Pitches US Turnaround

Ford Motor Co. (NYSE: F) met with its U.S. dealers in Las Vegas as it sent a team led by CEO Jim Hackett. The event was, among other things, a ...
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Without Winner, Mega Millions Draw Hits $1.6 Billion Tuesday

The Mega Millions website shows the next draw on Tuesday, October 23 with the prize at $1.6 billion. There was no winner Friday night   ...
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Elizabeth Warren Wants Head of Wells Fargo Fired

Senator Elizabeth Warren pressed the extent of the power of her office as she insisted that the CEO of Wells Fargo & Co. (NYSE: WFC) be fired. Some of the ...
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4 Major Sports Could Get $4.2 Billion From Gambling

Legalized gambling will cause a huge financial windfall for the four major U.S. sports leagues: the NFL, MLB, NHL and NBA. A new report from Nielsen Sports puts the figure ...
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Why China’s New GDP Number Is Probably Not Accurate

According to China's National Bureau of Statistics, the nation's gross domestic product (GDP) rose 6.5% in the third quarter. Experts say this is less than expected and that the country's ...
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6 Most Important Things in Business Today: China GDP Slows, New Tesla

Gross domestic product growth in China slowed. According to Reuters: China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm ...
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Global Wealth Soars to $317 Trillion, US Largest at $98 Trillion

Global wealth reached $317 trillion this year, a figure that is 18 times the size of the U.S. gross domestic product. The number rose 4.6% from last year. The nation ...
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America Becomes World’s Most Competitive Economy

The World Economic Forum (WEF) has been gauging national competitiveness for nearly four decades via its Global Competitiveness Report. The United States has lagged behind Singapore, and sometimes the economies ...
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6 Most Important Things in Business Today

Retailer Nine West has filed for bankruptcy. According to Reuters: U.S. footwear and apparel company Nine West Holdings Inc filed an amended Chapter 11 bankruptcy plan that will reduce its ...
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Amazon Becomes Netflix’s Only Competitor

Netflix Inc. (NASDAQ: NFLX) posted a breathtaking quarter. Revenue reached $4.0 billion, up from $2.9 billion in the year-ago period. The company had 137 million paid subscribers at the end ...
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IBM Investors Should Beg CEO Ginni Rometty to Leave

International Business Machines Corp. (NYSE: IBM) posted another quarter that shows how far behind the major players in tech it has fallen. The company's CEO, Ginni Rometty, has been at ...
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6 Most Important Things in Business Today: China Holdings of US Debt

OPEC members are worried about a lawsuit. According to Reuters: OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as ...
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Ford’s One-Car China Turnaround

Ford Motor Co. (NYSE: F) has released a new car in China. It says the new vehicle is aimed at China's middle market, which is growing. Ford's fortunes in China ...
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Sears Wants to Cut Its Way to Profitability

There is an old saying in business: "You cannot cut your way to profitability." The recent plan for Sears to survive is based on just that. Growth is not important. ...
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