Money

Gonzaga's surprising profit

How to master your bracket Gonzaga’s most surprising achievement isn’t getting to the Final Four. It’s the sizable profit its men’s basketball team scored while playing in a small conference. The Spokane, Washington college reported revenue of $ 12 million for its men’s basketball program in 2016, and turned a $ 4.8 million profit, according to figures from the Department of Education. That’s more than the combined profit from the men’s basketball programs at University of Oregon and South Carolina, and thosetwo Final Four teams play in major conferences — ...

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US women's hockey team scores better pay, same benefits as men

US women’s hockey scores better pay, hits the ice When the women on the national hockey team started a protest for fair pay, they had no idea it would become a historic moment in women’s sports. But that’s exactly what happened. The U.S. Women’s National Hockey Team vowed to sit out a major international tournament unless they were making progress in their negotiations with USA Hockey, the sport’s governing body. On Tuesday the two sides reached a deal — three days before the start of the International Ice Hockey Federation ...

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SpaceX's playbook: Make history, then make more history

SpaceX successfully launches a used rocket SpaceX just made history by launching the same rocket into orbital space for a second time. And the jaw-dropping news did not stop there. CEO Elon Musk — who also heads Tesla(TSLA) — said in a press briefing after the launch that in addition to safely landing the first stage of the rocket, the company also recovered the $ 6 million fairing. That’s the top portion of the rocket that houses the payload, which, in the case of Thursday’s launch, was a communications satellite. ...

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Ford CEO Fields gets 19% pay hike

Trump’s evolving relationship with Ford Ford CEO Mark Fields got a 19% pay hike for 2016, the automaker said Friday. Fields’ total compensation came to $ 22.1 million, up from $ 18.6 million in 2015, when he took a slight cut in pay. Ford reported strong results in 2016, earning $ 10.4 billion in pre-tax profits, down only slightly from record profits a year earlier. Revenue and the number of cars sold globally increased during the year. But the company warned of lower profits this year, partly due to its ...

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Hannity breaks with Trump on health care debacle

Health care bill’s harshest critics: right-wing media In a notable moment of divergence between the White House and perhapsits most reliable media booster, Fox News host Sean Hannity said Thursday that President Donald Trump was wrong to blame the failure of the Republican health care bill on the faction of GOP lawmakers known as the Freedom Caucus. “Now in my opinion, it’s not the Freedom Caucus that’s responsible for the GOP failure in this case to repeal and replace Obamacare,” Hannity said on his eponymous program. “Now this legislation was ...

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Before Obamacare, some liked their health care plans better

Trump: Obamacare is exploding Stacey and Eddie Albert lead pretty healthy lives. She’s a nutritionist. He’s a personal trainer. They rarely go to the doctor, other than their annual physicals. For years, they were covered by Horizon Blue Cross Blue Shield of New Jersey. In 2013, they paid about $ 360 a month for a plan that met their needs. That all changed the following year, when Obamacare took effect. Their premium shot up to around $ 650 a month for a policy that came with pediatric dental coverage and ...

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South Africa's currency plummets after finance minister is fired

South Africa’s booming wine industry High-profile politics in South Africa has slammed the country’s currency. The rand nosedived nearly 4% against the dollar after President Jacob Zuma ousted his experienced finance minister, Pravin Gordhan,plunging the country into a new round of political turbulence. Zuma announced in a statement Thursday night that he was replacing Gordhan and a slew of other top ministers. Investors were already fretting about Gordhan’s job security after Zuma on Monday ordered him to cancel a series of meetings with foreign investors and return home. That move ...

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Earnings growth may be best since late 2011

Happy birthday, bull run! Investors are obsessed with politics lately. But in the next few weeks, Wall Street is likely to focus less on Trump’s America and more on Corporate America. The first quarter officially ends on Friday. Big companies will start releasing their latest results and outlooks in the middle of April. And the numbers should be very good. According to estimates from FactSet, companies in the S&P 500 are expected to report an earnings increase of 9.1% from a year ago. If that actually happens, it would be ...

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U.S. debt to double over the next 30 years

Debt vs. deficit: What’s the difference? U.S. debt is likely to double as a share of the economy over the next 30 years, according to the Congressional Budget Office. Considering President Trump’s push for big tax cuts and a promise not to touch key drivers of the debt, the picture could worsen. Right now the nation’s debt amounts to 77% of GDP. That’s already the highest level since the post-World War II era. If current law remains in effect, it’s on track to jump to 150% by 2047, according to ...

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Lone holdout delays approval on Trump University settlement

Trump University lawsuits settled for $ 25 million A single holdout is standing in the way of nearly 4,000 former Trump University students getting back most of their money. A judge on Thursday called the $ 25 million settlement “fair,” but said he needed to consider the objection of a student that didn’t want to participate. The settlement was agreed to last November, just 10 days after Donald Trump won the presidential election, but still needed court approval. In describing the settlement, Judge Gonzalo Curiel said: “It is fair, it ...

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