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Market Buzz& Industry News

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The Wall Street Journal: Retailer Kohl’s said to have received takeover offer from consortium backed by activist hedge fund

01/21/2022

Reported offer of roughly $9 billion would represent a 37% premium to Friday's closing price for Kohl's shares.

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Financial Crime: Ponzi scammer ‘King Perry’ sentenced to 17.5 years for stealing $115 million from investors, including $250K from a man with dementia

01/21/2022

Investigators say Perry Santillo led the scheme that bilked more than 1,000 people out of their life savings.

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Financial Crime: Hollywood indie film distributor admits stealing $30 million from BlackRock to buy a $14 million Beverly Hills mansion (and a Tesla)

01/21/2022

William Sadleir’s Aviron Films distributed movies with Halle Berry, Matthew McConaughey and Anne Hathaway.

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Key Words: ‘Your great-great-great-grandchildren will still be getting immunized against coronavirus’: This Mayo Clinic doctor says it’s too late to eradicate COVID-19

01/21/2022

'We are not yet at any stage where we could predict endemicity,’ said Dr. Gregory Poland, a vaccinologist at the Mayo Clinic.

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The Moneyist: I’m a stay-at-home mom. My husband wants to take $200K out of our home to fund his business. I want us to have a 50/50 share, but he refuses. What’s fair?

01/21/2022

‘He thinks that because he is the working spouse, and has made all the money over the years, he should own 100% of his share of the business.’

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Market Extra: How a Russian invasion of Ukraine could trigger market shock waves

01/21/2022

Tensions over Ukraine aren't rattling financial markets so far, but investors still appear likely to snap up traditional safe-haven assets should Russia invade, market watchers said.

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The Moneyist: ‘I have no family or relatives I know, or care to know. I have no interest in causes or charities’: Where do I leave my money?

01/21/2022

‘My younger brother has drug-related dementia, so I see no point in giving him money.’

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: Black lawmakers rebuke McConnell over comments on voting rights: ‘We are American’

01/21/2022

McConnell said "African-American voters are voting in just as high a percentage as Americans."

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Earnings Outlook: Intel still has a lot to prove to Wall Street one year after Pat Gelsinger came home

01/21/2022

Intel Corp. had a rough 2021, and it looks like the chip maker will still face Wall Street criticism in 2022 for its ambitious capital investment plan and the success of competitors amid continuing delayed releases.

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Realtor.com: San Diego Padres Pitcher Mike Clevinger Scoops Up $2.57M Home

01/21/2022

Mike Clevinger, pitcher for the San Diego Padres, has settled into his new town.

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