Fairfax Seeking $1 Billion in IPO for Africa Investments

Fairfax Financial Holdings Ltd., the Canadian insurer that made its largest acquisition this week, is selling shares in an initial public offering for a fund that will make investments in Africa. The company is seeking to raise as much as $1 billion from the sale, people familiar with the matter said.

article

Revenue began to decline in the middle of 2015, and earnings turned negative earlier this year. Memory prices are now strengthening, leading Micron to return to both growth and profitability in its fiscal first quarter.

Air-Launched Orbital Rockets: Orbital ATK Shows Virgin Galactic How It’s Done

For years, Sir Richard Branson’s Virgin Galactic has been trying to invent a better way to launch rockets into space. Instead of launching from Earth in a fiery blast and a cloud of dust, Virgin Galactic aims to carry a “SpaceShipTwo” spaceship into the stratosphere, strapped to the belly of a “WhiteKnightTwo” mothership — then detach the former from the latter, and rocket to 62 miles above sea level.

As We Approach Inauguration Day, Remember All Sovereign Taxes Are Consumption Taxes

In later columns, I may address some of the esoteric changes that appear to be on the Trump agenda, but first it is critical to understand taxes that are assigned at the sovereign level conceptually, because without that understanding nothing else will make sense. When a company pays income taxes on behalf of its employees by way of payroll withholding, although we refer to that as an income tax, it is simply the company acting as a preemptive conduit for and agent of the federal government to pay for individual’s consumption of government services.

Nintendo Needs Apple, but Apple Also Needs Nintendo

Super Mario Run — Nintendo’s first mobile app devoted to its signature side-scrolling gaming franchise — made its debut exclusively on devices running Apple’s iOS last week with record-setting success. This week we saw Pokemon Go introduced for Apple Watch, also exclusively for Apple’s smartwatch.

3 High-Yield Dividend Stocks to Buy in January

High-yield dividend stocks are favorites among income investors, but not all dividend stocks are created equal. As yield and stock price are inversely related, chasing high yields could trap you if the stock’s falling because of deteriorating growth prospects or troubles within the company.What you need is rock solid companies with strong growth catalysts that can support high dividends and yields going forward.

Year in Review: Marijuana’s Green 2016

As we look back on the year, 2016 may very well go down as the greatest year ever for marijuana and the cannabis industry. Over the past 12 months we’ve watched the industry evolve before our eyes, and in some cases seen legal marijuana spread to new states.

The Worst Silver Stock in 2016

In a year when the average silver stock gained 137%, and every single one of them handily beat the S&P 500, calling one the “worst” reveals the title to be subjective. Coeur Mining was far and away the best silver miner of 2016, rising 266%, substantially ahead of Hecla Mining , which is up “just” 186% year to date.

How Much Will Social Security Benefits Go Up in 2017?

Tens of millions of Americans rely on Social Security for a large chunk of their income in retirement, and many of them look forward to the cost-of-living increases in their monthly benefits they typically receive at the beginning of each year. 2016 was an exception to that rule, because Social Security didn’t make any cost-of-living increase at all.

CEO’s Winning Gamble May Keep Scrooge From Deutsche Bank Bonuses

Deutsche Bank AG employees may owe their cash bonuses for 2016, however modest, to a last-minute bargain by Chief Executive Officer John Cryan. The beleaguered German bank, long embroiled in negotiations with the U.S. Justice Department, was inching closer in recent weeks to a resolution over its sale of defective residential mortgage-backed securities that fueled the financial crisis.

If You Doubt Apple, Inc.’s Interest in Cars, Think Again

Project Titan has died down in the past year, but the tech giant is still tangibly interested in the advancement of autonomous car technology. In this clip from Industry Focus: Tech , Motley Fool analyst Dylan Lewis and contributor Daniel Sparks explain what we knowabout Apple’s interest in self-driving cars.

5 Ways Your Retirement Can Easily Be Ruined

Nearly all Americans share one goal: they want to be able to hang up their work coat after many years in the labor force and know that they’re financially set for retirement. Unfortunately, this is a goal that’s being reached by a depressingly low number of Americans.

Hollywood Reporter-Billboard Media Likes Sound of SpinMedia’s Music Brands

The acquisition will boost revenue to more than $100 million a year, expand its online audience to 45 million readers a month and strengthen its reach to millennials. The media group that operates both The Hollywood Reporter and Billboard magazine announced on Thursday that it has agreed to acquire four of SpinMedia ‘s music assets, including some of the most storied music brands: Spin , Vibe , Stereogum and Death and Taxes .

8 Must-Download Apps For Your New iPhone Or Android

If you just unwrapped a new smartphone or are thinking of using that envelope of holiday cash to run out and buy one and you’re eager to fill it up with new ways to distract yourself, then read on. Amid all the other year-end retrospectives, future predictions, and service-y listicles pumped out by every media outlet on the planet at this time of year, this story might be for you.

The No. 1 Reason Why Social Security Recipients Are Losing Their Purchasing Power

More than 60 million Americans are currently receiving Social Security benefits, 41.2 million of whom were retired workers as of the November snapshot from the Social Security Administration . Of these retired workers, both Gallup’s survey findings and data from the SSA show that Social Security is relied upon by roughly 60% of retirees to account for at least half of their monthly income.

How Much Will Medicare Cost You in 2017?

Medicare covers more than 57 million Americans, providing the healthcare coverage they need. Every year, though, the cost of Medicare typically goes up, and the program passes through those increases to its participants in the form of higher premiums, deductibles, and other expenses.

Where the heaviest-drinking Americans live

Twitter user “Comfortably Smug” tidily sums up the holiday sentiments of many of us as we wrap up 2016’s loose ends before checking out until the new year. While we here at Wonkblog don’t recommend that you “binge drink through New Year’s,” there’s no doubt that the holidays have traditionally been a time for boozing it up.

Allow state to use federal funds to expand broadband

Access the Citizens’ Voice e-Edition on your computer or smart device in its original print format. Home delivery subscribers can read it free! Digital Only Subscription Read the digital e-Edition of The Citizens’ Voice on your PC or mobile device, and have 24/7 access to breaking news, local sports, contests, and more at citizensvoice.com or on our mobile apps.

India’s Top Oil Producer Spends $1.2 Billion to Buy Gas Block

India’s biggest oil and gas producer will pay as much as $1.2 billion to buy a majority stake in a gas field off the country’s east coast, aiming to boost production as the country seeks to cut energy imports. State-owned Oil and Natural Gas Corp. Ltd.’s board approved the purchase of an 80 percent stake in Gujarat State Petroleum Corp.’s deepwater block in the Krishna Godavari basin, it said in a statement on Friday.

Investors Betting on Oil Price Drop Flee as Production Cuts Near

Oil investors seem to have less reason to doubt that OPEC and other producers will make the cuts needed to balance the market. Money managers trimmed bets on falling West Texas Intermediate crude prices to the lowest level since August 2014 as the Organization of Petroleum Exporting Countries and other crude-exporters prepare to start curbing output in January.