News provided by Yahoo
Snapchat has IPO plan: CEO
The chief of vanishing-image service Snapchat said the company has a plan for going public with an offering of stock but did not reveal when it might happen. "We need to IPO, we have a plan to do that, chief executive officer Evan Spiegel said on-stage at a Code Conference in California when asked about the potential for an initial public offering of stock. "An IPO is really important," he added, according to a live blog of the exclusive technology conference.
Wed, 27 May 2015 01:35:23 -0400
Swiss police detain soccer officials ahead of FIFA congress
ZURICH (AP) The Swiss Federal Office of Justice says six soccer officials have been arrested and detained pending extradition at the request of U.S. authorities ahead of the FIFA congress in Zurich. Wed, 27 May 2015 01:34:53 -0400
Playoff hero Brassard shines as Rangers force game seven
Derick Brassard finished with five points as New York kept their perfect record alive when facing elimination with a 7-3 win over the Tampa Bay Lightning to force game seven in the Eastern Conference finals. Brassard scored a hat-trick and added two assists for the Rangers who faced their fourth elimination game this postseason and once again conquered the challenge to even the series at 3-3. New York seized control with a three-goal surge early in the third period of Tuesday's contest in front of a crowd of 19,200 at Amalie Arena.
Wed, 27 May 2015 01:32:20 -0400
Brittany granite on the rebound from rocky patch
Ploumanac'h (France) (AFP) - With foreign companies chipping away at their revenue, granite quarries in the Brittany region of France are trying to fight back by obtaining a protected geographical label, similar to the one on many French wines. Because Breton granite is in demand, particularly the pink variety, granite from countries like China is sometimes cheekily passed off as Breton.
Wed, 27 May 2015 01:30:21 -0400
Cleveland Cavaliers sweep Hawks to punch ticket to NBA finals
LeBron James advanced to his fifth-straight NBA finals, leading the Cleveland Cavaliers to a 118-88 rout of the Atlanta Hawks and a sweep of the Eastern Conference finals. Once again James carried the Cavs on his back, finishing on Tuesday with 23 points, nine rebounds and seven assists and then sitting on the bench and playing cheerleader for much of the final quarter of Tuesday's contest. "We worked our tails off all season to get to this point," James said.
Wed, 27 May 2015 01:26:25 -0400
The Latest on weather: Third body pulled from Blanco River
Floodwaters deepen in Houston after city gets more rain
Original robo-adviser Financial Engines seeks life beyond 401(k)s
By Jessica Toonkel and David Randall NEW YORK (Reuters) - Long before the phrase "robo-adviser" existed, Sunnyvale, California-based Financial Engines was cornering the untapped 401(k) plan market with computer simulations to help people save for retirement. With the first wave of baby boomers now retiring, the company is reaching a critical moment: Its core customers, who have been accessing its advice through company 401(k) plans, will soon be off on their own. To hang onto those investors - and find others - Financial Engines is planning to go up against other so-called "robo-advisers," companies that use software programs to provide financial advice, and offer advice outside the 401(k) market. Wed, 27 May 2015 01:08:12 -0400
Baby Boomer brokers face shrinking market to sell firms
By Elizabeth Dilts NEW YORK (Reuters) - Steven Dudash, like most brokers, spends a lot of time making it easier for his clients to retire. This summer, though, his plan is to make it easier for older brokers to retire. After starting IHT Wealth Management in Chicago in June with six brokers, Dudash says he will buy four businesses from retiring brokers in coming months. Wed, 27 May 2015 01:04:38 -0400
Pacific Gas & Electric Co. president announces retirement
SAN FRANCISCO (AP) The president of Pacific Gas & Electric Company is retiring at the end of the year. Wed, 27 May 2015 00:58:32 -0400