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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 21, 2018
Page
12
A long period of low volatility kept markets rising from late 2016 to Feb 2018 with the VIX staying under 20 for 15 months. Recent swings pushed the fear gauge above 50, prompting questions about investing in VIX linked funds as hedges or bets on market moves.
Janice Bryant Howroyd, founder of Act 1 Group in Torrance California, heads a staffing firm with 17 000 clients in 19 countries and over 1 billion dollars in annual revenue She is spotlighted as the first Black woman to run a company of that size Forbes lists her among the wealthiest self made women with a 420 million family net worth in 2017 Her journey from Tarboro North Carolina to Los Angeles includes family mentors and a philosophy to place the right applicant first The firm started in 1978 in Beverly Hills evolving from full time to temporary placements and credits tailored hiring with strong client fit
Albertsons Cos plans to acquire the rest of Rite Aid Corp not sold to Walgreens, unifying pharmacy operations under the Rite Aid brand. The deal would create a company with about 4,350 pharmacy counters and 320 clinics across 38 states, boosting revenue to around 83 billion dollars and expanding locations to rank first or second in most top metro areas. The move follows Amazon’s drugstore push and rivals’ consolidation as major pressure on pricing and scale grows.
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