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Walmart CEO announces his surprise retirement at age 59

NEW YORK (AP) — Walmart CEO Doug McMillon, who turned America’s largest retailer into a tech-powered giant and spearheaded a period of robust sales growth since becoming chief executive in 2014, plans to retire early next year, the company said Friday in a surprise announcement. John Furner, 51, the head of Walmart’s U.S. operations, will take over on Feb. 1, the day after McMillon’s retirement becomes effective, the company said. Although McMillon is set to spend a year advising his successor, Walmart shares fell 3% immediately in premarket trading after the news of the ...

Online gambling exists everywhere … so are the risks

NEW YORK — Online betting is more accessible than ever, with 14% of U.S. adults saying they bet on professional or college sports online either frequently or occasionally, according to a February poll by The Associated Press-NORC Center for Public Affairs Research. It’s also in the news, with a growing list of sports betting scandals making headlines. Public health advocates and personal finance advisers say it’s important to know the risks if you’re going to gamble online. “Gambling and ‘responsibly’ seem to be oxymoronic, because if you’re gambling it’s all about ...

Online gambling exists everywhere … so are the risks

NEW YORK — Online betting is more accessible than ever, with 14% of U.S. adults saying they bet on professional or college sports online either frequently or occasionally, according to a February poll by The Associated Press-NORC Center for Public Affairs Research. It’s also in the news, with a growing list of sports betting scandals making headlines. Public health advocates and personal finance advisers say it’s important to know the risks if you’re going to gamble online. “Gambling and ‘responsibly’ seem to be oxymoronic, because if you’re gambling it’s all about ...

New York native to head economic agency

The Lake to River Economic Development board of directors has named Dani Robbins as the organization’s new CEO, effective Dec. 1. Robbins becomes the first permanent CEO in Lake to River’s history and brings more than two decades of nonprofit and civic executive experience to the role. A New York native, Robbins started her leadership career in Ashtabula County, recently returning after serving in senior leadership positions in Washington, D.C., and across Ohio. Most recently, she led the educational strategy at BoardSource, a national nonprofit focused on board ...

New York native to head economic agency

The Lake to River Economic Development board of directors has named Dani Robbins as the organization’s new CEO, effective Dec. 1. Robbins becomes the first permanent CEO in Lake to River’s history and brings more than two decades of nonprofit and civic executive experience to the role. A New York native, Robbins started her leadership career in Ashtabula County, recently returning after serving in senior leadership positions in Washington, D.C., and across Ohio. Most recently, she led the educational strategy at BoardSource, a national nonprofit focused on board ...

The key to a winning 401(k) plan

Retirement saving requires key decisions: when to start, how much to save and where to invest. The investing decision has drawn more attention as government regulators work to open 401(k) plans to alternative assets such as private market investments. Below, we compare the paths of two hypothetical retirement savers and their outcomes. A Tale of Two Retirement Savers Laura and JR are two 25-year-olds newly employed at the same company, in the same role. Step 1: Deciding to save On her first day at work, Laura committed 10% of her $75,000 salary to her 401(k). That earned her ...