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Costs for early retirement of workers to slash Bezeq’s 2018 profit

“In total these expenses are expected to reduce 2018 net profit by 464 million shekels, Bezeq said” writes Midwest Communications Inc for 95kqds.com. The expense would be in addition to 90 million shekels set aside in the first and second quarters of 2018 for early retirement, Israel’s largest telecoms group said in a statement.”Today’s early retirement falls within the existing agreements with the trade unions and we believe that the company will be able to negotiate additional cuts with the unions.”. TEL AVIV (Reuters) – Bezeq Israel Telecom said on…

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The Texas Obamacare ruling’s biggest impact could be on insurance costs

“It is bad enough that incremental challenges to its individual insurance exchanges have already pushed millions away from the pool” writes J B for marketwatch.com. This isn’t good for insurance costs, no matter what your beliefs are about the program, also known as Obamacare.As a former insurance company CEO, I question whether this is enough to drive insurers away from the individual market.If premiums cover costs for a sufficient number of customers, the profit potential will keep it going. Source: marketwatch.com Share This:

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Tucker Carlson’s suggestion that immigrants make the U.S. ‘dirtier’ costs Fox News an advertiser

“Pacific Life, an insurance company, said in a statement Friday that it “strongly” disagreed with Carlson’s immigration comments” writes Alex Horton for sun-sentinel.com. Few advocates, if any, argue the economic merit of immigration, Carlson said in his opening monologue Thursday evening. Source: sun-sentinel.com Share This:

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GOP lawmaker: OPEC’s ‘mockery of antitrust law’ costs Americans $250 billion

“Bob Goodlatte, the retiring GOP lawmaker from Virginia, told Makan Delrahim, the antitrust chief for the Trump administration’s Justice Department, during an antitrust subcommittee hearing Wednesday” reports washingtonexaminer.com. OPEC’s cartel-like behavior costs U.S. drivers an extra $250 billion a year, he estimated, and White House support could enable “a bipartisan victory before this term of Congress ends.”. The day after the Organization of Petroleum Exporting Countries agreed in early December to cut daily oil output by 1.2 million barrels, prices rose $4. Source: washingtonexaminer.com Share This:

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California wildfires costs soaring past last year’s records

“This year, he said state officials can manage the cleanup and costs will be shared among state, federal and local authorities” writes Paul Elias for seattletimes.com. The insurance industry is bracing for payouts exceeding last year’s record $11.8 billion payments to Northern California fire victims.SAN FRANCISCO (AP) — Insurance claims and cleanup costs associated with California wildfires last month are expected to exceed the record-breaking amounts paid out last year after blazes ripped through the state’s wine country. Source: seattletimes.com Share This:

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Poundstretcher profits fall by a quarter as sales dip and costs rise

“Poundstretcher has suffered its third consecutive decline in sales and profits as the discount retailer struggles amid difficult trading conditions in the high street and rising costs” writes Tom Stevenson for telegraph.co.uk. The retailer reported a 2.5pc fall in sales to £387m in the year to the end of March, while pre-tax profits tumbled by a quarter to £2.1m.Higher distribution and administration costs heaped pressure on the company as it continued to open new stores. Source: telegraph.co.uk Share This:

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5 things a financial adviser should do when they see cognitive decline in a client

“A recent State Street analysis found that only 29% of children continue working with their family financial adviser after their parents die” writes Joanna Gordon Martin for marketwatch.com. While cognitive decline is a fragile subject, Mary would have appreciated more guidance from the family’s financial adviser.Financial advisers, through their sustained and intimate relationship with their clients, are on the front lines of their clients’ cognitive decline, often noticing telltale symptoms 10 years before a physician diagnosis.In her quarterly meeting with the family’s financial adviser, Steven, Mary mentions some of her…

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Volkswagen to Cut Another $3.4 Billion in Costs to Boost Margins

“WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) announced another 3 billion euros ($3.4 billion) of cost cuts on Thursday in an effort to speed up an improvement in profit margins at its core VW brand” writes Min Read for reuters.com. Still battling to recover from a 2015 scandal over emissions test cheating, the German automaker has been cutting costs to fund an ambitious shift to electric cars and automated driving.The VW brand aims to invest more than 11 billion euros in electric vehicles, digitalization, autonomous driving and mobility services by 2023,…

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