Wal-Mart is creating a home for luxury fashion online. The big-box retailer announced Monday it has partnered with Lord & Taylor to create an online “flagship store” for the apparel retailer. The landing page will launch on Walmart.com in spring 2018. “Our goal is to create a premium fashion destination on Walmart.com,” Denise Incandela, head
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It doesn’t sound like much: General Electric is cutting its dividend from 96 cents a year to 48 cents. But GE has a lot of shares outstanding: 8.67 billion. Reducing the dividend by 48 cents with 8.67 billion shares outstanding means shareholders are getting $4.1 billion less in dividends each year. On an historic basis,
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What is the difference between a special needs trust and a third-party special needs trust? Authorized by federal law, a special needs trust is an irrevocable trust designed specifically to hold assets for a beneficiary so that the funds do not disqualify the recipient from needs-based government benefits. Several types of special needs trusts are
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Charles Mostoller | Bloomberg | Getty Images Patrick Harker, president and chief executive officer of the Federal Reserve Bank of Philadelphia. A Federal Reserve official said on Monday he expects to back an interest rate hike next month despite caution over the low-inflation “conundrum,” since the U.S. central bank needs to prepare for any future
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Bone mineralization is one of those lack-of-gravity problems. For each month in space, Logan says the human body loses 1 percent of its bone mass. And, once back on Earth, the bones don’t grow back. “I’m not trying to throw cold water on the idea of going to Mars. I want to make sure we
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One of Europe’s smallest countries now holds claim to being a giant in the space industry. Luxembourg, with a population less than the state of Vermont, now generates nearly 2 percent of its annual gross domestic product from the space industry, according to Deputy Prime Minister Etienne Schneider. The country’s economy checked in just shy
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Employers increasingly are shifting more health-care costs to employees, so keeping the same plan could have a different result. The annual premium employees are on the hook for has risen 75 percent over the past 10 years, according to the Kaiser Family Foundation. More workers also must now cover a deductible. For starters, check out
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Of the many alternative investments outside stocks and bonds that pension funds can buy, a few are putting retirement money into music copyrights. RPMI Railpen, the manager of one of the largest and oldest UK pension funds, is leading a $345 million investment in a fund rolled out Monday by Kobalt Capital, the subsidiary of
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Shares of Cambridge, Mass.-based biopharmaceutical company Sage Therapeutics are popping after the company announced positive results in trials for a drug that may someday be available to treat those with postpartum depression. The company is up more than 40 percent to $96.75 this week following two Phase 3 trials evaluating brexanolone. The drug, formerly known
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Bitcoin has defied gravity this year, and it’s taken one retail stock along with it. Shares of Overstock.com are on pace for their best year since 2004, largely due to the growing interest in cryptocurrencies, but some market participants are wary of the stock continuing its run. In January 2014, Overstock became the first U.S.
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