Business Trucking News+ More Rob Lutts of Cabot on Yellen, Twitter, earnings + MORE 10/15/2016

Sales Lease-Back


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As a business owner, you will understand the importance of any equipment or tool that enables you to perform in your line of duty. It doesn’t matter the nature of the equipment, all that matters is the output and its benefit to your business. While it is paramount to own tools and equipment to carry out your business dealings, there comes a time when buying the right equipment may be an uphill battle hence you may need to lease equipment.

A rebound in retail sales is adding to expectations for a December rate hike from the Federal Reserve, which should be good for banks, but fears of a Wells Fargo scandal backlash is casting a dark shadow over better-than-expected profits.

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Rob Lutts of Cabot Wealth Management tells Reuters’ Fred Katayama that improving earnings will fuel stocks higher. He says equities are not overvalued.

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Hershey's CEO to retire in July

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Hershey’s CEO John Bilbrey will step down in July. The move comes months after the company rebuffed Mondelez International’s offer to buy the candy maker. Fred Katayama reports.

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Stocks eke out gain

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Wall Street rose in choppy trading as investors assessed Fed chair Janet Yellen’s comments on the U.S. economy. Fred Katayama reports.

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A U.S. ban on Samsung Galaxy Note 7 smartphones aboard aircraft kicks in from October 15 over safety fears. Paul Chapman reports.

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