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Gaming and Leisure Properties: 3Q Earnings Snapshot

WYOMISSING, Pa. (AP) _ Gaming and Leisure Properties Inc. (GLPI) on Thursday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations. The real estate investment trust, based in Wyomissing, Pennsylvania, said it had funds from operations of $186.5 million, or 87 cents per share, in the period. …read more […]

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UPDATE 1-Qantas says cracks found in three 737 NG jets, will minimise customer impact

Qantas Airways Ltd said on Friday it found structural cracks in three of its Boeing Co 737 NG planes after conducting earlier-than-required checks of its aircraft as part of a global issue with the model. The cracks are on what is known as the “pickle fork” – a part that attaches the plane’s fuselage, or body, to the wing structure. The three Qantas jets, all of which had around 27,000 take-off and landing cycles, rather than the 30,000 that had required immediate checks, have been removed from service for repair, the airline said in a statement. …read more […]

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New Wells Fargo CEO says he wants to fix problems, isn’t a 'wallflower'

When he started as CEO jobs in that past, Scharf focused on learning about the companies but at Wells Fargo, the need to develop controls has brought a sense of urgency, he told employees on Tuesday at Wells Fargo’s campus in Charlotte, North Carolina. Scharf, 54, took over the CEO role on Oct. 21, as the bank entered its fourth year of a wide-ranging sales practices scandal. Scharf said he is up to the task. …read more […]

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Business News

WeWork, former CEO Adam Neumann accused of pregnancy discrimination

The former chief of staff to ousted WeWork CEO Adam Neumann has accused him and the company of discrimination, saying she was belittled for getting pregnant, forced out of her job in favor of a man making more than twice her salary when she took maternity leave and ultimately fired for raising concerns.

…read more […]

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Business News

New Wells Fargo CEO says he wants to fix problems, isn’t a 'wallflower'

Wells Fargo & Co’s new chief executive, Charlie Scharf, told employees this week he is more hands-on in his early days than at his previous CEO roles in order to tackle the bank’s regulatory and operational problems as staff grilled him about everything from growth targets to his family dog.

…read more […]

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UPDATE 1-European labour unions fret about jobs in Fiat Chrysler-PSA deal

PARIS/MILAN, Oct 31 (Reuters) – European labour unions have called on Peugeot owner PSA and Fiat Chrysler to avoid job cuts and factory closures as the two major carmakers prepare to tie the knot, underscoring worries about the $50 billion deal as the regional economy falters. As PSA and Fiat Chrysler detailed plans on Thursday to create the world’s No. 4 automaker, IG Metall, Germany’s largest union by members, said it would seek to preserve the autonomy of the French carmaker’s German unit Opel. The two groups have said no plants would be closed and an existing arrangement …read more […]

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What Tech Giants Uber and Facebook Don’t Know About Money

Editor’s Note: Wealthy Retirement is excited to welcome our newest contributor, Aaron Task!
A seasoned researcher, Aaron comes to us by way of TheStreet, Yahoo Finance (where he was editor-in-chief) and Fortune.
A prolific writer and podcast host as well, he is excited to offer our readers his fresh perspective on the wide variety of changes affecting retirement and the world of money today.
Please join us in welcoming him to Wealthy Retirement. And this Halloween, read on to discover his insight into the spooky downsides of digital payment options.
– Mable Buchanan, Assistant Managing Editor
“A fool and his money are soon parted.”
Coined …read more […]