You might not own all of the money in your 401(k)—here’s how to find out

There’s a lot of talk of “maxing your match” and don’t leave “free money on the table.” But most of the time, these advisors don’t mention the fine print: You don’t “own” the money contributed by your employer until you’re fully vested. If you were to leave the job after one year, you wouldn’t get any of the money that the employer invested in your 401(k). After two years, if you’re 20% vested, you would get $600, plus 20% of any investment returns that money earned. “Your vesting schedule appli


There’s a lot of talk of “maxing your match” and don’t leave “free money on the table.”
But most of the time, these advisors don’t mention the fine print: You don’t “own” the money contributed by your employer until you’re fully vested.
If you were to leave the job after one year, you wouldn’t get any of the money that the employer invested in your 401(k).
After two years, if you’re 20% vested, you would get $600, plus 20% of any investment returns that money earned.
“Your vesting schedule appli
You might not own all of the money in your 401(k)—here’s how to find out Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: kathleen elkins
Keywords: news, cnbc, companies, 401kheres, youre, egler, match, employer, vested, 401k, vesting, money, 100, entitled


You might not own all of the money in your 401(k)—here's how to find out

Financial advisors make a big deal of encouraging millennials to invest in company-sponsored retirement accounts — especially if your employer offers to match a percentage of your contribution. There’s a lot of talk of “maxing your match” and don’t leave “free money on the table.” But most of the time, these advisors don’t mention the fine print: You don’t “own” the money contributed by your employer until you’re fully vested.

“401(k) vesting is the amount that employees are entitled to keep of their matching contributions based on a vesting schedule determined by the employer,” Fred Egler, certified financial planner at Betterment tells CNBC Make It.

There are two different types of vesting schedules: cliff and graded.

With graded vesting, you’re gradually entitled to a bigger percentage of your employer match. A typical grading schedule looks like this: After one year working for the company, you’re entitled to 0%; after two years, 20%; after three years, 40%; after four years, 60%; after five years, 80%; and after six years, 100%.

Say you make $50,000 a year and contribute enough to take full advantage of your employer’s 6% match. That means you’re investing $3,000 in your 401(k) each year and your employer is investing an additional $3,000. If you were to leave the job after one year, you wouldn’t get any of the money that the employer invested in your 401(k). After two years, if you’re 20% vested, you would get $600, plus 20% of any investment returns that money earned.

“Your vesting schedule applies to the type of money, not on the exact amount that was deposited,” says Egler. “For example, if your employer contributed $100 to the match, the returns were $10 and you’re 50% vested, you get $55: half the contribution, and half the earnings.”

With cliff vesting, “you’re entitled to essentially none of your match, and then after a certain number of years, you’re entitled to 100% of the match,” says Egler. For example, you may be 0% vested for two years, but after that, you’re immediately 100% vested.

Companies can offer whatever timeline and percentages they want, as long as they fully vest employees after six years of service. That’s a requirement set by the IRS.

It’s important to review and understand how your 401(k) plan and matching program works, says Egler, because chances are, you’re not fully vested right away: “It’s not typical that you’re going to be 100% vested in your 401(k) matching contributions as soon as you start a job.” Depending on your company, vesting typically takes two to six years, he adds.


Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: kathleen elkins
Keywords: news, cnbc, companies, 401kheres, youre, egler, match, employer, vested, 401k, vesting, money, 100, entitled


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Here are the biggest analyst calls of the day: Match Group, Twitter, Papa John’s & more

In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos. We think current valuation represents a compelling risk/reward with the IAC spin-off (expected in 1H’20) acting as a potential catalyst – we upgrade our rating to Buy and see 30%+ upside to our new $88 PT.” UBS upgraded the operator of online dating sites and said it thinks the valuation represents a “compelling” risk/reward. Evercore downgraded the stock an


In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos.
We think current valuation represents a compelling risk/reward with the IAC spin-off (expected in 1H’20) acting as a potential catalyst – we upgrade our rating to Buy and see 30%+ upside to our new $88 PT.”
UBS upgraded the operator of online dating sites and said it thinks the valuation represents a “compelling” risk/reward.
Evercore downgraded the stock an
Here are the biggest analyst calls of the day: Match Group, Twitter, Papa John’s & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: michael bloom
Keywords: news, cnbc, companies, day, screen, growth, represents, papa, view, group, twitter, calls, analyst, biggest, potential, underinvestment, twtr, revenue, match, valuation, johns


Here are the biggest analyst calls of the day: Match Group, Twitter, Papa John's & more

In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos.

“We believe the LT fundamental drivers remain intact: a) the moat (growth & scale) around Tinder is widening; b) efficient allocation of marketing dollars across a family of brands to produce operating leverage & outsized returns; & c) MTCH mgmt remains top notch in terms of capital allocation across its own equity, new brand/product launches & potential M&A. We think current valuation represents a compelling risk/reward with the IAC spin-off (expected in 1H’20) acting as a potential catalyst – we upgrade our rating to Buy and see 30%+ upside to our new $88 PT.”

UBS upgraded the operator of online dating sites and said it thinks the valuation represents a “compelling” risk/reward.

Evercore downgraded the stock and said it was concerned about the social media company’s rising costs.

“While bulls will continue to point to a potential return to the >15% GAAP OI margins achieved in FY18 as an opportunity, in our view, 2018 represented a period of unsustainably high margins; last year, TWTR reaped the benefits of a period of sustained underinvestment. This underinvestment, in our view, played a key role in causing the “bugs” that resulted in last quarter’s surprise revenue miss. While we believe 3Q’s specific tech issues can be addressed in coming quarters, if TWTR is to approach the level of long-term revenue growth implied by consensus, the prerequisite will likely be ongoing growth in R&D spend at rates faster than those of revenue.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: michael bloom
Keywords: news, cnbc, companies, day, screen, growth, represents, papa, view, group, twitter, calls, analyst, biggest, potential, underinvestment, twtr, revenue, match, valuation, johns


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Here are the biggest analyst calls of the day: Match Group, Twitter, Papa John’s & more

In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos. We think current valuation represents a compelling risk/reward with the IAC spin-off (expected in 1H’20) acting as a potential catalyst – we upgrade our rating to Buy and see 30%+ upside to our new $88 PT.” UBS upgraded the operator of online dating sites and said it thinks the valuation represents a “compelling” risk/reward. Evercore downgraded the stock an


In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos.
We think current valuation represents a compelling risk/reward with the IAC spin-off (expected in 1H’20) acting as a potential catalyst – we upgrade our rating to Buy and see 30%+ upside to our new $88 PT.”
UBS upgraded the operator of online dating sites and said it thinks the valuation represents a “compelling” risk/reward.
Evercore downgraded the stock an
Here are the biggest analyst calls of the day: Match Group, Twitter, Papa John’s & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: michael bloom
Keywords: news, cnbc, companies, day, screen, growth, represents, papa, view, group, twitter, calls, analyst, biggest, potential, underinvestment, twtr, revenue, match, valuation, johns


Here are the biggest analyst calls of the day: Match Group, Twitter, Papa John's & more

In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos.

“We believe the LT fundamental drivers remain intact: a) the moat (growth & scale) around Tinder is widening; b) efficient allocation of marketing dollars across a family of brands to produce operating leverage & outsized returns; & c) MTCH mgmt remains top notch in terms of capital allocation across its own equity, new brand/product launches & potential M&A. We think current valuation represents a compelling risk/reward with the IAC spin-off (expected in 1H’20) acting as a potential catalyst – we upgrade our rating to Buy and see 30%+ upside to our new $88 PT.”

UBS upgraded the operator of online dating sites and said it thinks the valuation represents a “compelling” risk/reward.

Evercore downgraded the stock and said it was concerned about the social media company’s rising costs.

“While bulls will continue to point to a potential return to the >15% GAAP OI margins achieved in FY18 as an opportunity, in our view, 2018 represented a period of unsustainably high margins; last year, TWTR reaped the benefits of a period of sustained underinvestment. This underinvestment, in our view, played a key role in causing the “bugs” that resulted in last quarter’s surprise revenue miss. While we believe 3Q’s specific tech issues can be addressed in coming quarters, if TWTR is to approach the level of long-term revenue growth implied by consensus, the prerequisite will likely be ongoing growth in R&D spend at rates faster than those of revenue.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: michael bloom
Keywords: news, cnbc, companies, day, screen, growth, represents, papa, view, group, twitter, calls, analyst, biggest, potential, underinvestment, twtr, revenue, match, valuation, johns


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Match stock slides 16% after disappointing guidance

The Match dating application is displayed on an Apple iPhone in an arranged photograph. The online dating company, which owns dating services including Match, Hinge and OKCupid, reported better-than-expected earnings for the quarter but forecast fourth-quarter revenue that was below analysts’ expectations. Match said it expects to see revenue between $545 million and $555 million, which is lower than consensus estimates of $559.3 million. For the third quarter, Match reported earnings of 51 cent


The Match dating application is displayed on an Apple iPhone in an arranged photograph.
The online dating company, which owns dating services including Match, Hinge and OKCupid, reported better-than-expected earnings for the quarter but forecast fourth-quarter revenue that was below analysts’ expectations.
Match said it expects to see revenue between $545 million and $555 million, which is lower than consensus estimates of $559.3 million.
For the third quarter, Match reported earnings of 51 cent
Match stock slides 16% after disappointing guidance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-05  Authors: annie palmer
Keywords: news, cnbc, companies, revenue, disappointing, cents, stock, earnings, reported, guidance, slides, share, match, expectations, dating, million, analysts


Match stock slides 16% after disappointing guidance

The Match dating application is displayed on an Apple iPhone in an arranged photograph.

Shares of Match Group plunged as much as 16.6% in extended trading on Tuesday after the company released its earnings report for the third quarter.

The online dating company, which owns dating services including Match, Hinge and OKCupid, reported better-than-expected earnings for the quarter but forecast fourth-quarter revenue that was below analysts’ expectations. Match said it expects to see revenue between $545 million and $555 million, which is lower than consensus estimates of $559.3 million.

For the third quarter, Match reported earnings of 51 cents per share, surpassing analysts’ expectations for earnings of 42 cents per share. Revenue came in at $541 million, which matched Wall Street’s expectations. Average revenue per user was 59 cents, which fell just short of analysts’ expected 60 cents.

The results come after Match parent IAC announced last month it planned to spin off all of its shares of Match and ANGI Homeservices. In the earnings release, Match said it expects to take on about $10 million in expenses related to the spinoff.


Company: cnbc, Activity: cnbc, Date: 2019-11-05  Authors: annie palmer
Keywords: news, cnbc, companies, revenue, disappointing, cents, stock, earnings, reported, guidance, slides, share, match, expectations, dating, million, analysts


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Stocks making the biggest moves after hours: Match Group, WW International, Plantronics and more

In the fourth quarter, Match expects revenue between $545 million and $555 million, which is lower than the $559.3 million expected, according to Refinitiv. The company reported 9.61 million average subscribers, exceeding the 9.57 million average subscribers analysts expected. The wellness company posted earnings of 68 cents per share, exceeding the earnings of 66 cents per share Wall Street expected. Revenue came in at $349 million, falling short of the $353 million expected, according to Refin


In the fourth quarter, Match expects revenue between $545 million and $555 million, which is lower than the $559.3 million expected, according to Refinitiv.
The company reported 9.61 million average subscribers, exceeding the 9.57 million average subscribers analysts expected.
The wellness company posted earnings of 68 cents per share, exceeding the earnings of 66 cents per share Wall Street expected.
Revenue came in at $349 million, falling short of the $353 million expected, according to Refin
Stocks making the biggest moves after hours: Match Group, WW International, Plantronics and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-05  Authors: ganesh setty
Keywords: news, cnbc, companies, revenue, company, cents, wall, stocks, group, moves, international, earnings, expected, share, reported, match, biggest, making, plantronics, hours, according, million


Stocks making the biggest moves after hours: Match Group, WW International, Plantronics and more

Check out the companies making headlines after the bell:

Shares of Match Group tanked 16% after the company topped third-quarter earnings expectations and matched revenue estimates at $541 million, though reported disappointing fourth-quarter revenue guidance. The parent company of dating apps like Tinder and OkCupid posted earnings of 51 cents per share, exceeding the 42 cents per share Wall Street forecast, according to Refinitiv consensus estimates.

In the fourth quarter, Match expects revenue between $545 million and $555 million, which is lower than the $559.3 million expected, according to Refinitiv.

The company reported 9.61 million average subscribers, exceeding the 9.57 million average subscribers analysts expected. The average revenue per user came in at 59 cents, however, falling just shy of the 60 cents per share Wall Street expected, according to Refinitiv.

Shares of WW International, formerly Weight Watchers, tumbled 15% during extended trading after the company posted mixed third-quarter earnings. The wellness company posted earnings of 68 cents per share, exceeding the earnings of 66 cents per share Wall Street expected. Revenue came in at $349 million, falling short of the $353 million expected, according to Refinitiv consensus estimates.

The company’s end-of-period subscribers fell to 4.4 million from 4.6 million at the end of its second quarter. In the fourth quarter, Wall Street expects WW earnings of 36 cents per share, while the company’s implied fourth-quarter guidance is mostly below estimates at between 26 and 38 cents per share.

Plantronics shares plummeted 29% after the communications device manufacturer reported a second-quarter earnings miss. The company reported earnings of $1.24 per share excluding certain items on non-GAAP revenue of $470 million, falling short of the $1.33 per share earnings and $483 million in revenue analysts forecast, according to Refinitiv.

The company expects its third-quarter earnings between 1 cent and 31 cents per share, much lower than the $1.59 EPS Wall Street expected. The company also expects third-quarter non-GAAP revenue between $383 million and $423 million, compared to expected revenue of $512 million.

Inogen shares popped 9% after the medical technology company reported revenue of $91.8 million in its third quarter, which is 3.7% less than the same time last year, the company said in a news release. Inogen said it will maintain its full-year 2019 revenue guidance range of $370 million to $375 million, as well as its net income, operating income and adjusted EBITDA ranges. In its outlook for 2020, Inogen expects total revenue between $410 million and $415 million.

Shares of Five9 spiked 9% after the bell following the cloud computing company’s third-quarter earnings beat on the top and bottom line. Five9 reported earnings of 20 cents on revenue of $83.8 million, compared to the 15 cent EPS and $78.8 million in revenue analysts forecast, according to Refinitiv. Five9 also gave strong revenue and EPS guidance for its fourth-quarter.


Company: cnbc, Activity: cnbc, Date: 2019-11-05  Authors: ganesh setty
Keywords: news, cnbc, companies, revenue, company, cents, wall, stocks, group, moves, international, earnings, expected, share, reported, match, biggest, making, plantronics, hours, according, million


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‘Help! Should I focus on paying off loans or investing in a 401(k)?’

Dear Asking for a Friend,I just became eligible for my company’s 401(k) plan and they’ll match up to 3% of my contributions. The only problem is I promised myself I’d prioritize paying off my $43,000 in student loans. When you focus all of your attention on paying down your debt, the experience can be both frustrating and depressing. And many people who concentrate only on paying down their debt never turn to actually investing, which means they can lose decades of time to save and invest. By no


Dear Asking for a Friend,I just became eligible for my company’s 401(k) plan and they’ll match up to 3% of my contributions.
The only problem is I promised myself I’d prioritize paying off my $43,000 in student loans.
When you focus all of your attention on paying down your debt, the experience can be both frustrating and depressing.
And many people who concentrate only on paying down their debt never turn to actually investing, which means they can lose decades of time to save and invest.
By no
‘Help! Should I focus on paying off loans or investing in a 401(k)?’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-02  Authors: david bach
Keywords: news, cnbc, companies, question, 401k, help, pay, paying, save, plan, loans, match, investing, money, focus, debt


'Help! Should I focus on paying off loans or investing in a 401(k)?'

Welcome to Asking for a Friend, Grow’s new money advice column. Got a question for one of our money experts? Email us at getgrowing@cnbc.com.

Dear Asking for a Friend,

I just became eligible for my company’s 401(k) plan and they’ll match up to 3% of my contributions. The only problem is I promised myself I’d prioritize paying off my $43,000 in student loans. I realize saying no to a company match isn’t a good move, so I’m torn about what to do.

I’ve made cuts in my spending and have been teaching myself impulse control, all with the target of ditching this debt. I use the avalanche method, so I pay the minimum on most of my debts, and then I put the most money into the one with the highest interest rate. But this company match is really tempting.

I am wondering if accepting the match is ultimately better for my financial health, even if I reach my debt-free date a bit later.

Do you think I should ignore the offer of free money from my company’s plan and stay focused on paying off my loans, or delay the satisfaction of crushing this debt and take the free cash?

Thank you,

Want to Be Debt-Free

Dear Want to be Debt-Free,

Your question is one of the most frequently asked questions I get: “Should I pay down my debt or save?” It’s a great question. Many experts recommend you pay down your debt first, then save. They’re wrong.

When you focus all of your attention on paying down your debt, the experience can be both frustrating and depressing. It can take years. And many people who concentrate only on paying down their debt never turn to actually investing, which means they can lose decades of time to save and invest.

By not saving and investing, you’re falling behind on the miracle of compound interest that takes place the sooner you start.

My answer to your question is that you should do both. If, for example, you have $200 a month available to pay down your debt or save, I suggest you to split that $200 right down the middle. Put $100 towards your debt and $100 towards what I’ve called your “Pay Yourself First” Account. In this case, that account is going to be your 401(k) plan.


Company: cnbc, Activity: cnbc, Date: 2019-11-02  Authors: david bach
Keywords: news, cnbc, companies, question, 401k, help, pay, paying, save, plan, loans, match, investing, money, focus, debt


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This is one of the biggest—and costliest—mistakes employees make during open enrollment

Open enrollment offers employees the opportunity to do some research about their benefit plans, make smart choices, and then save hundreds of dollars — or more — in 2020. Unfortunately, the vast majority of employees fail to review their insurance benefits at the end of the year. This is easily one of the biggest — and costliest — mistakes people make during open enrollment. According to a 2018 report from Aflac, 93% of employees simply stick with the same benefits year after year. While you can


Open enrollment offers employees the opportunity to do some research about their benefit plans, make smart choices, and then save hundreds of dollars — or more — in 2020.
Unfortunately, the vast majority of employees fail to review their insurance benefits at the end of the year.
This is easily one of the biggest — and costliest — mistakes people make during open enrollment.
According to a 2018 report from Aflac, 93% of employees simply stick with the same benefits year after year.
While you can
This is one of the biggest—and costliest—mistakes employees make during open enrollment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: amanda lannert
Keywords: news, cnbc, companies, research, plan, employees, enrollment, match, employer, open, youre, costliestmistakes, insurance, benefits, pay, biggestand


This is one of the biggest—and costliest—mistakes employees make during open enrollment

It’s that time of year again. Open enrollment offers employees the opportunity to do some research about their benefit plans, make smart choices, and then save hundreds of dollars — or more — in 2020.

Unfortunately, the vast majority of employees fail to review their insurance benefits at the end of the year. As a result, they choose the same benefits instead of taking time to consider making any changes. This is easily one of the biggest — and costliest — mistakes people make during open enrollment.

According to a 2018 report from Aflac, 93% of employees simply stick with the same benefits year after year. In fact, 40% of the 2,000 survey respondents said they would rather do “three hours of hot yoga” or “clean up dog poop” than research their insurance benefits.

If you aren’t setting aside time to review your plans, you risk facing serious consequences later on. Going on autopilot comes with a hefty price tag, and here’s why:

1. You might be paying too much for health care.

The right health plan is the one that gives you the best care for the least amount of money — and it may change often depending on your personal situation (e.g., if you plan to have a baby next year or only went to the doctor once this year, but have medical procedures scheduled throughout the next few months).

Doing your research and making the smartest choices can save you hundreds — possibly thousands — every year. According to recent data from Jellyvision, a service that helps employees make smart decisions about their benefits and finances, the average cost difference between an employee’s most cost-effective plan and second most-cost-effective plan last year was $642.

2. You might be leaving “free money” on the table.

Many companies will match whatever an employees contributes to their retirement account, up to a certain percentage. (The average employer 401(k) match reached a record high of 4.7% this year, according to Fidelity.) If your employer offers a 401(k) match, and you’re not saving enough to get all those matching dollars, you’re basically turning down free money.

While you can adjust your contribution amount any day of the year, open enrollment is the perfect time to do so. Remember, every dollar you put toward the match is earning you an immediate 100% return on your investment — and a 401(k) is a pre-tax account, so you’ll pay less in taxes, too.

3. You might be overlooking other important benefits.

We tend to think of benefits in narrow terms: Medical, dental, vision, retirement — and not much else.

But your employer may offer other benefits that you never even knew existed, like insurance for your pet’s vet bills, life insurance or a “hospital indemnity” plan that provides a cash payout when you’re hospitalized (you can even use this money to cover medical bills or pay your rent.

You can buy most of this stuff on your own, and many people do, but if you buy it through your employer, you’ll usually pay a lot less.


Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: amanda lannert
Keywords: news, cnbc, companies, research, plan, employees, enrollment, match, employer, open, youre, costliestmistakes, insurance, benefits, pay, biggestand


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FDA permits Swedish Match to advertise snus smokeless tobacco as less harmful than cigarettes

The Food and Drug Administration, for the first time ever, will allow a tobacco company to advertise products as less harmful than smoking cigarettes. For the broader tobacco industry, it will likely give companies hope they can win regulators’ permission to advertise new tobacco products as less harmful alternatives to smoking cigarettes. Swedish Match first petitioned the FDA in 2014 to exempt its General snus products from the standard warning label that says smokeless tobacco products can ca


The Food and Drug Administration, for the first time ever, will allow a tobacco company to advertise products as less harmful than smoking cigarettes.
For the broader tobacco industry, it will likely give companies hope they can win regulators’ permission to advertise new tobacco products as less harmful alternatives to smoking cigarettes.
Swedish Match first petitioned the FDA in 2014 to exempt its General snus products from the standard warning label that says smokeless tobacco products can ca
FDA permits Swedish Match to advertise snus smokeless tobacco as less harmful than cigarettes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-22  Authors: angelica lavito, in angelicalavito
Keywords: news, cnbc, companies, harmful, match, advertise, tobacco, smokeless, fda, cigarettes, permits, smoking, swedish, risk, products, snus


FDA permits Swedish Match to advertise snus smokeless tobacco as less harmful than cigarettes

The Food and Drug Administration, for the first time ever, will allow a tobacco company to advertise products as less harmful than smoking cigarettes.

The agency on Tuesday authorized Swedish Match to say eight of its General snus smokeless tobacco products “puts you at a lower risk of mouth cancer, heart disease, lung cancer, stroke, emphysema, and chronic bronchitis” than smoking. This marks the first time the FDA has approved this type of request, known as a modified-risk tobacco product application.

“Today’s action demonstrates the viability of the pathway for companies to market specific tobacco products as less harmful to consumers, but only following a thorough scientific evaluation by the FDA,” acting FDA Commissioner Ned Sharpless said in a statement.

While the FDA’s review found using snus instead of cigarettes poses a lower risk of developing some tobacco-related diseases, it does not mean the products are safe. Snus is a type of smokeless tobacco. The ground tobacco is typically sold inside a pouch that users place inside their mouths.

For General snus-maker Swedish Match, the FDA’s decision ends a five-year regulatory saga. For the broader tobacco industry, it will likely give companies hope they can win regulators’ permission to advertise new tobacco products as less harmful alternatives to smoking cigarettes.

“Now that we know this pathway works, we’d want to look at it as a possibility for other products,” Gerry Roerty, vice president of legal and general counsel of Swedish Match’s U.S. division, said in an interview.

The FDA has embraced the idea that tobacco products exist on a continuum of risk, where cigarettes are on the most harmful end and other ways to consume nicotine are on the less harmful end. This idea has come under scrutiny amid an outbreak of a deadly vaping-related lung disease that has sickened nearly 1,500 people and killed at least 33.

Jefferies analyst Owen Bennett called Tuesday’s decision positive for the industry because it shows the FDA is committed to allowing less harmful alternatives on the market. He told clients in a research note that the designation could also comfort consumers as they question the safety of e-cigarettes.

“It is essentially the FDA endorsing the product as a less harmful alternative to cigarettes, while also giving the consumer comfort the product meets strict standards,” Bennett wrote. “Such endorsement could prove very valuable in the current environment where there is an increasing consumer demand for less harmful products, while at the same time there are many fears around the safety of vaping.”

Swedish Match first petitioned the FDA in 2014 to exempt its General snus products from the standard warning label that says smokeless tobacco products can cause gum disease and tooth loss. The FDA denied the request in 2016 and encouraged Swedish Match to modify its application.

Swedish Match often touts what it calls “the Swedish Experience.” Snus is popular in Sweden, though the country reports relatively low rates of tobacco-related illnesses. Yet snus is banned in every European Union nation except Sweden.

In the U.S., the landmark 2009 Family Smoking Prevention and Tobacco Control Act created an application for tobacco companies seeking to market their products as less harmful than cigarettes. The FDA scrutinizes the scientific evidence and evaluates the company’s suggested claims before ultimately making its decision.

A handful of companies have submitted applications to advertise products as safer than cigarettes. Reynolds American, a unit of British American Tobacco, filed one for its Camel snus. Philip Morris International filed one for its heated tobacco product Iqos, which was recently cleared for sale. These marketing applications are still pending.

The FDA said its review of Swedish Match’s application found science supported the claim and understood it. Relative to cigarette smoking, exclusive use of the snus products “poses lower risk of mouth cancer, heart disease, lung cancer, stroke, emphysema and chronic bronchitis,” the agency said in a press release.

The agency did not find evidence of minors using snus. Still, it set restrictions that prevent Swedish Match from marketing to youth, particularly online.

The FDA’s authorization only lasts for five years. The company can apply to renew the current order.

U.S.-listed shares of Swedish Match rose 2.7% Tuesday.


Company: cnbc, Activity: cnbc, Date: 2019-10-22  Authors: angelica lavito, in angelicalavito
Keywords: news, cnbc, companies, harmful, match, advertise, tobacco, smokeless, fda, cigarettes, permits, smoking, swedish, risk, products, snus


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Here’s the advice 15-year-old tennis phenom Coco Gauff got from her dad before winning her first WTA title

At just 15 years old, Cori “Coco” Gauff became the youngest woman to win a Women’s Tennis Association title since 2004 (and the youngest American to do so in 28 years) by winning Austria’s Linz Open on Sunday. Gauff, who in July became the youngest player to ever qualify for Wimbledon, beat former French Open champion Jelena Ostapenko in three sets to win her first WTA singles title and take home $43,000 in prize money. “Just relax, you’re not going to sprint to the finish line,” Gauff’s father


At just 15 years old, Cori “Coco” Gauff became the youngest woman to win a Women’s Tennis Association title since 2004 (and the youngest American to do so in 28 years) by winning Austria’s Linz Open on Sunday. Gauff, who in July became the youngest player to ever qualify for Wimbledon, beat former French Open champion Jelena Ostapenko in three sets to win her first WTA singles title and take home $43,000 in prize money. “Just relax, you’re not going to sprint to the finish line,” Gauff’s father
Here’s the advice 15-year-old tennis phenom Coco Gauff got from her dad before winning her first WTA title Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: tom huddleston jr
Keywords: news, cnbc, companies, wta, youngest, daughter, title, coco, advice, winning, match, heres, tennis, gauff, win, think, youre, phenom, finish, trust, dad


Here's the advice 15-year-old tennis phenom Coco Gauff got from her dad before winning her first WTA title

At just 15 years old, Cori “Coco” Gauff became the youngest woman to win a Women’s Tennis Association title since 2004 (and the youngest American to do so in 28 years) by winning Austria’s Linz Open on Sunday.

Gauff, who in July became the youngest player to ever qualify for Wimbledon, beat former French Open champion Jelena Ostapenko in three sets to win her first WTA singles title and take home $43,000 in prize money.

The victory on Sunday was hard-fought for Gauff, who received some much-needed advice from her father and coach, Corey Gauff, who helped his daughter regroup after she had lost the second set of the match to the more experienced, 22-year-old Ostapenko.

With his daughter leading 5-2 in the third set of the match, and needing to win just one more game to finish off Ostapenko, Corey Gauff knelt beside Coco to offer her some calming advice as television network Eurosport’s cameras caught the conversation.

“Just relax, you’re not going to sprint to the finish line,” Gauff’s father and coach told her. “We’re going to walk to the finish line, OK?”

The elder Gauff went on to tell his daughter it was important to trust her abilities on the court in order to think positively and not let the pressure of the potentially historic moment throw her off her game.

“What I want you to do is take your mind to another place right now. Remember we talked about that?” Gauff asked the tennis star.

“Take your mind to another place, take yourself to a practice match, just play. Don’t think about negatives, just think about positives,” Gauff told his daughter.

He also added that Coco Gauff was in a strong position to win the match, assuming she could mentally remove herself from the pressure of the situation in order to remain calm and trust her skills to defeat her opponent. “You’re right where we want to be,” he says on the video released by Eurosport.


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: tom huddleston jr
Keywords: news, cnbc, companies, wta, youngest, daughter, title, coco, advice, winning, match, heres, tennis, gauff, win, think, youre, phenom, finish, trust, dad


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IAC shares jump after it announces plans to spin off Match Group

Tech holding company IAC/InterActiveCorp announced Friday it plans to spin off all of its shares of online dating company Match Group. Shares of IAC popped as much as 3% in early trading, while Match slid more than 1%. “Today IAC proposed an important first step in the separation of Match Group from IAC,” Levin said. Under the plan, IAC stockholders would take ownership of the shares of Match held by IAC. The Match spin-off still needs to receive the approval of IAC’s board, IAC and Match shareh


Tech holding company IAC/InterActiveCorp announced Friday it plans to spin off all of its shares of online dating company Match Group. Shares of IAC popped as much as 3% in early trading, while Match slid more than 1%. “Today IAC proposed an important first step in the separation of Match Group from IAC,” Levin said. Under the plan, IAC stockholders would take ownership of the shares of Match held by IAC. The Match spin-off still needs to receive the approval of IAC’s board, IAC and Match shareh
IAC shares jump after it announces plans to spin off Match Group Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: annie palmer
Keywords: news, cnbc, companies, spin, angi, jump, iac, spinoff, dating, announces, matchs, separation, match, plans, group, company, proposal, shares


IAC shares jump after it announces plans to spin off Match Group

Tech holding company IAC/InterActiveCorp announced Friday it plans to spin off all of its shares of online dating company Match Group.

Shares of IAC popped as much as 3% in early trading, while Match slid more than 1%. ANGI shares jumped more than 4%.

IAC, which owns 80% of Match and 83% of ANGI, has become known for incubating businesses and spinning them off into separate companies. Over the years, it’s done the same with Expedia, HSN, Ticketmaster, Interval and LendingTree.

Match has carved out a foothold in the online dating market, largely due to solid growth in its youth-oriented dating app, Tinder. It also includes other dating services like Match, Hinge and OKCupid. Match’s stock is up more than 70% so far this year and the company outperformed earnings expectations in the second quarter, with revenue climbing 18% year-over-year.

Meanwhile, ANGI has underperformed expectations, with the stock down nearly 58% year-to-date. In a letter to shareholders, Levin said ANGI has struggled due to a “combination of issues around marketing and an increasingly tight supply of service professionals in certain categories.”

IAC had said in August it was exploring a spin-off of Match and ANGI Homeservices, which holds digital marketplace companies like Angie’s List and Handy.

Now, the company says it has submitted a proposal to members of Match’s board of directors that would result in the the full separation of Match from IAC. It plans to delay the spin-off of ANGI until it completes the separation of Match, CEO Joey Levin said in a statement.

“Today IAC proposed an important first step in the separation of Match Group from IAC,” Levin said. “IAC is confident that the proposal communicated to the Match Group special committee provides strong footing for Match Group to begin its journey as a thriving, independent company.”

Under the plan, IAC stockholders would take ownership of the shares of Match held by IAC. The proposal also suggests eliminating Match’s dual-class share structure in favor of adopting a single class.

The Match spin-off still needs to receive the approval of IAC’s board, IAC and Match shareholders, among other stakeholders.


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: annie palmer
Keywords: news, cnbc, companies, spin, angi, jump, iac, spinoff, dating, announces, matchs, separation, match, plans, group, company, proposal, shares


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