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  • Two Minute Money: What is COBRA

    If your health insurance is through your work, but you lose your job — what's next? You'll probably hear the word COBRA thrown around, but what is it?

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  • Finance
    Associated Press5 hours ago

    Navios reports 2Q loss

    MONTE CARLO, Monaco (AP) _ Navios Maritime Holdings Inc. (NM) on Tuesday reported a loss of $39.4 million in its second quarter. On a per-share basis, the company said it had a loss of 34 cents. Losses, adjusted for

  • Business
    Associated Press23 hours ago

    BHP Billiton returns to black with $6.7 billion profit

    Anglo-Australian miner, BHP Billiton, on Tuesday reported a return to black with a $6.7 billion annual profit a year after the company's worst ever full-year result and said it wants to sell its U.S. shale oil assets. The Melbourne, Australia based-company's turnaround from the $6.4 billion loss for the year through June 2016, was built on high prices for iron ore and coal build on Chinese industrial demand.

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  • Pratt’s $10 Billion Jet Engine Lags GE by 10-to-1 on New Orders
    Business
    Bloomberg18 hours ago

    Pratt’s $10 Billion Jet Engine Lags GE by 10-to-1 on New Orders

    Pratt & Whitney’s $10 billion bet on a new jet engine is faltering after a troubled rollout, and buyers are rushing to a General Electric Co. model instead. The GE turbine has won 10 times as many orders this year to power a narrow-body  Airbus SE plane on which the two suppliers compete head to head. Pratt has signed just one buyer in that span to supply its geared turbofan engine for the aircraft, according to data provided to Bloomberg by Flight Ascend Consultancy. The figures paint a stark picture for Pratt and parent United Technologies Corp., which billed the so-called GTF as a technological breakthrough that was supposed to help reverse GE’s recent market dominance. Instead, weak demand

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