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Sept 6 (Reuters) - Bristol Myers Squibb (BMY.N) has been accused in a new lawsuit of using fraudulent patents and other illegal tactics to maintain its monopoly on blockbuster blood cancer drug Pomalyst for years after it should have faced generic competition. A spokesperson for Bristol Myers did not immediately respond to a request for comment. Pomalyst is a top seller for Bristol Myers, bringing in nearly $3.5 billion out of $46.16 billion of its total revenue last year. The drug was developed by Celgene, a company acquired by Bristol Myers in 2019. The generic companies, which are also named as defendants in the lawsuit, did not immediately respond to requests for comment.

Persons: Pomalyst, Bristol Myers, Celgene, Brendan Pierson, Alexia Garamfalvi, Bill Berkrot Organizations: Bristol Myers Squibb, Louisiana, Pomalyst, Bristol, Celgene, U.S . Patent, Teva Pharmaceutical Industries, Aurobindo Pharma, Breckeridge Pharmaceutical, Natco Pharma, Thomson Locations: Manhattan, New York

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

☆ How much is Hulu worth? As Disney gears up to buy Comcast's share of the streamer, analysts say Bob Iger may have to pay a hefty price.
▼ + stars: | 2023-09-05 | by ( James Faris | ) www.businessinsider.com time to read: +10 min

When it comes to Hulu, value is in the eye of the holder. However, Comcast claims Hulu is worth double what Disney is saying, according to Bloomberg — even in a tough media environment. "It's what would a willing buyer in a robust auction pay," Roberts said of Hulu's valuation at a MoffettNathanson conference in May. Another way to value Hulu is by comparing its EV-to-subscriber ratio with that of Netflix. By buying all of Hulu, Disney can position itself for the next big trend in media, Noell said.

Persons: Bob Iger, Bloomberg —, Peacock, Brian Roberts, Roberts, financials, maven, Hulu, Tim Nollen, Netflix's, Nollen, Iger, Matthew Thornton, who's bullish, Barton Crockett, Crockett, Brandon Nispel, Nispel, Jason Bazinet, Bazinet, Davis Noell, Noell Organizations: Disney, Comcast, Hulu, Bloomberg, Wall Street, Macquarie, Netflix, Rosenblatt Securities, Citigroup, Star Wars, Marvel, Providence Equity Partners Locations: Hulu

☆ How insiders are reacting to Mark Thompson, CNN's new CEO, and how they think he'll tackle the network's challenges: 'He wants to be involved in editorial'
▼ + stars: | 2023-08-30 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

WBD named Mark Thompson as CNN's new CEO in a shift by David Zaslav to an experienced news leader. Thompson is widely credited with turning the Times into a digital powerhouse, transforming a news organization that was teetering financially. Under Thompson, there also were flops along the way to success for the Times, like the failed NYT Now mobile app. Thompson is expected to be involved in editorialObservers and insiders expressed optimism about the Thompson news. They also will be watching to see how he will carry out WBD CEO David Zaslav's commitment to providing a wider range of political viewpoints, including conservative ones.

Persons: WBD, Mark Thompson, David Zaslav, Thompson, Chris Licht, Ken Doctor, Meredith Kopit Levien, who'd, Times —, Levien, Nate Silver, Jill Abramson, Abramson, wouldn't, Mark, Donald Trump, David Zaslav's, He'll, Jeff Zucker, I've, Zaslav, Licht, he'd, Semafor, James Harding, Andrew Ross Sorkin, he's, Jonathan Miller, Miller, Amy Entelis, David Leavy, Virginia Moseley, Eric Sherling, who's, Leavy Organizations: CNN, New York Times, Warner Bros, Discovery, Max, longtime Times, Times, ESPN, ABC, Observers, BBC, Company, Integrated Media Co, Editorial Locations: British

☆ How different kinds of investors can approach this August market pullback
▼ + stars: | 2023-08-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +13 min

Or are the stocks that are now hated going to turn out to be precursors of the next downturn? Of all the techs I follow, I think ServiceNow probably had the best quarter. We know what to pay when we think a stock is going up, which is the going price. Next thing you know that stock is down to $143 and you say to yourself, should I buy it back? In that case, you need to sell stocks pretty aggressively until we get oversold, raising cash to 10% like us.

Persons: gaga, Everest, it's, Dow, ServiceNow, Jensen Huang, Bill McDermott, Bill, CARR, hasn't, Dupont, Let's, let's, Christian McCaffrey, Jeff Marks, FOMO, that's, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Nasdaq, Walmart, Costco, Nvidia, Fed, Dow, Electric, GE, Accenture, SAP, Otis Worldwide, Carrier Global, Caterpillar, Apple, Football, Bull, San Francisco 49er, CNBC Locations: Eaton

☆ Domino’s Investors Overpay for a Pizza the Action
▼ + stars: | 2023-07-12 | by ( Spencer Jakab | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/dominos-investors-overpay-for-a-pizza-the-action-951d51d6

Persons: Dow Jones

☆ A former waitress living paycheck-to-paycheck who now owns 35 rental units shares 2 principles she followed to achieve financial independence
▼ + stars: | 2023-06-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Ashley Hamilton was living paycheck-to-paycheck when she went to a local real estate conference. I love real estate because the barrier to entry is so low. Hamilton first learned about real estate in 2009, when she attended a free seminar in Detroit. Still, two concepts resonated with her that she says helped her go from living paycheck-to-paycheck to building a 35-unit real estate portfolio that has helped her achieve financial independence. Another trick that helped Hamilton think long-term was to always have a specific timeline for her goals.

Persons: Ashley Hamilton, Hamilton, Let's, Warren Buffett, subpar, Buffett Locations: Detroit, New York

☆ CEOs do matter when picking stocks. 5 things we look for in a leader and examples from our portfolio
▼ + stars: | 2023-06-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +16 min

It's not unusual for a company's stock price to soar — or sink — on news of a CEO shakeup. So, CEOs matter when picking stocks — and at the Club, these are the five things we look for when evaluating the leaders of our holdings. A stock's day-to-day and even month-to-month performance may not truly reflect how well a CEO is leading a company. Trust has value, and the stocks of companies led by reputable CEOs with competent management teams can trade at premium valuations. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Mary Dillon, Locker, J im Cramer, buybacks, Rainer Blair, —, Kevin Johnson, Marc Benioff, Mark Zuckerberg, Zuckerberg, we've, Bruce Broussard, Humana, Jeff Smith's, Craig Jelinek, who's, that's, Jelinek, it'd, Andy Jassy, Tim Cook, he's, Cook, Jim Cramer's, Dan Schulman, Sanjiv Lamba, Linde, Lamba, Eli Lilly, Dave Ricks, Eli Lilly's, Jim, Lilly, Jim Farley, Farley, Elon Musk's Tesla, Ford, LLY, Jim Cramer, Spencer Platt Organizations: Club, McKinsey & Co, Natural Resources, GE Life Sciences, SVB Securities, Starbucks, Humana, Bain & Co, Costco, CNBC, Apple, Amazon's, Football, MGM, Management, PayPal, Linde, LIN, Ford Motor, Wall, EV, Ford, The New York Stock Exchange, Financial, Getty Locations: U.S, Manhattan, New York City

Musk was the biggest shareholder in both companies at the time of the deal and Tesla shareholders alleged he pushed the carmaker's board into the deal to bail out the billionaire's investment in the struggling rooftop solar company. The state's highest court said that while a judge on the Delaware Court of Chancery erred in some portions of his analysis, his overall premise still supported his determination that Tesla paid a fair price for SolarCity. They also argued that Slights determined after a 10-day trial in 2021 that Musk meddled in the deal but failed to hold him liable. Shareholders wanted to force Musk to return the Tesla stock he received in the takeover, which at one point was worth $13 billion. The Delaware Supreme Court said that the Slights' ruling was not "pitch perfect" but did not have to be and noted the "total collapse" of the shareholders' theory that SolarCity was insolvent.

Persons: Elon Musk, Musk, Tesla, Randall Baron, Joseph Slights, SolarCity, Slights, Tom Hals, Mark Porter Organizations: Tesla, Delaware Supreme, Shareholders, Thomson Locations: SolarCity, Delaware, Wilmington , Delaware

☆ We're a millennial couple in Singapore, where real-estate prices are skyrocketing. House hunting was surprisingly easy.
▼ + stars: | 2023-06-02 | by ( Amanda Goh | ) www.businessinsider.com time to read: +5 min

For about a year, he lived with me and my family in our five-room Housing Development Board flat in Holland Village. Housing Development Board flats are public housing, and they're home to about 80% of the country's resident population. The seller's agent told us the Housing Development Board valuation was SG$430,000, and we ended up making an offer of SG$445,000, which was accepted. After the down payment, most people either take a Housing Development Board loan or a bank loan to finance their homes. The Housing Development Board interest rate is fairly stable and has stayed at 2.6% a year for a few years now, though the Housing Development Board acknowledges that it may be adjusted over the year.

Persons: Vanessa Tai, —, They're, hadn't, It's, we're, it's, We're Organizations: Service, Board, Housing, Google, Central Provident Fund Locations: Europe, Singapore, Croatia, Holland Village, Holland, Sengkang, we're

☆ Alex Roepers has nearly doubled the S&P 500's returns over 30 years by holding only a few stocks at a time. He told us how he nails the right picks — and detailed 4 bets he's making now.
▼ + stars: | 2023-05-15 | by ( James Faris | Akin Oyedele | ) www.businessinsider.com time to read: +4 min

Hedge fund manager Alex Roepers has scored a 3,500% return in the last 30 years. Here are four stocks that the top hedge fund manager is bullish on right now. Investors who think the S&P 500's 1,900% return over the past three decades is impressive must not be familiar with the work of hedge fund manager Alex Roepers. Those tenets set a high bar for what companies can qualify for inclusion in Roepers' fund. The hedge fund manager said he looks to enter investments when they're trading at 5x-6x EV/EBITDA or 7x-8x EV/EBIT, before exiting them at 8x-9x EV/EBITDA or 11x-13x EV/EBIT.

Europe's biggest low-cost carrier said it was placing a firm order for 150 of the largest version of Boeing's narrow-body jet family, known as the 737 MAX 10, with options for another 150. The deal delivers a boost to the 737 MAX, Boeing's best-selling jet whose deliveries have been depressed by a two-year safety crisis and post-COVID disruption. "Boeing wanted us to step up the scale and size of the order even to get the discounts that we [got]." Boeing Chief Executive Dave Calhoun countered during a press conference that no premium was high enough for the jet, in a jovial back-and-forth. On Monday, Reuters first reported that Ryanair was close to a major deal for Boeing jets.

Ryanair said the order would allow it to almost double its traffic to 300 million passengers per year by March 2034 from the 168 million flown to the end of March this year. On Monday, Reuters first reported that Ryanair was close to a major deal for Boeing jets. But its boss pledged not to overpay for the 30 extra seats, telling Reuters in March he could also order more of the existing 200-seat 737 MAX 8200. Ryanair said the deal was worth $40 billion at list prices, though experts note typical discounts run at more than 50%. "Ryanair operates a 737 fleet and is pretty locked in," with Airbus (AIR.PA) sold out for years and China years away from being to supply the West, Agency Partners analyst Nick Cunningham said.

☆ Ryanair set to order jets from Boeing, burying hatchet after price spat
▼ + stars: | 2023-05-09 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

PARIS, May 9 (Reuters) - Ireland's Ryanair (RYA.I) is set to bury the hatchet with its exclusive supplier and place a multi-billion-dollar order for Boeing jets on Wednesday, ending an 18-month spat over prices. Boeing (BA.N) said it would make a "major announcement" at 1300 GMT, but gave no further details. The 737 MAX sells for up to $131 million at list prices but typical discounts run at more than 50% and details of final pricing are confidential. But the bond between Ryanair and Boeing loosened following the pandemic as low-cost carriers expanded markets. But he has pledged not to overpay for the 30 extra seats, telling Reuters in March he was also looking at more orders of the 200-seat 737 MAX 8200.

☆ UK mobile users spending millions on smartphones they've already paid for, Virgin Media O2 says
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +2 min

But some customers fail to switch contracts after the handset has been paid off, despite being notified by their network. The operator said its survey showed 93% of customers were unaware they could be charged for handsets they'd paid off, with older and lower-income consumers most impacted. Rivals BT's EE, Vodafone and Three said they offered split contracts and provided clear information. "Like VMO2 we offer split contracts with EE Flexpay, while providing all customers with clear end-of-contract notifications, including the best offer for them based on their usage," a BT Consumer spokesperson said. A Three spokesperson said the company already offered split contracts where customers can take out a loan to pay for their device, which is separate to their monthly airtime payments.

While advancing more than 10% to an all-time high on the deal news, National Instruments was still trading a couple of dollars below the purchase price. The technology portfolio of National Instruments is "poised to capitalize on the same secular trends as our core business today," the Emerson team added. While we don't like hostile offers, it emerged that deal or no deal Emerson would be OK as long as they didn't grossly overpay. But to be clear, the issue isn't that National Instruments is a bad company and this deal is doomed from the start. Now it's time for management to show us we were wrong and National Instruments was worth the premium price.

☆ Icahn proposes three candidates for Illumina’s board — Here’s what could be next in the battle
▼ + stars: | 2023-03-18 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

However, Icahn has had extensive activist experience at health-care companies. Since the acquisition closed in August 2021, Illumina's stock price fell by 57% from $522.89 to $225.88, eliminating $47 billion of shareholder value. Icahn's nominees have significant restructuring, corporate governance, M&A, capital markets and legal experience — five things the company desperately needs. Moreover, even after this battle started, they did not add anyone with legal experience to the board. Now, when Icahn suggests they add to the board Jesse Lynn, general counsel to Icahn Enterprises with 27 years of legal experience, the board responds that he lacks the relevant skills and experience.

☆ Former owner of Portugal's TAP denies overpaying for Airbus planes
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +2 min

LISBON, March 10 (Reuters) - A former owner of Portugal's flag carrier TAP, David Neeleman, denied on Friday making a deal in 2015 to overpay for Airbus planes after prosecutors said last month they were investigating the complex leasing deal, as well as suggestions he had bought TAP shares with company money. "It is also completely absurd to say that TAP shares were bought with Airbus funds or with TAP's future cash flows," he wrote, adding that TAP exclusively used the $226 million from Airbus in ancillary benefits to pay salaries and for its cash needs. He said Atlantic Gateway had also injected its own funds into TAP and arranged a 90 million euro ($96.04 million) loan from Azul, the Brazilian airline that Neeleman founded, "on very favorable terms for TAP", saving TAP from immediate insolvency. Portugal in 2020 bought Neeleman's stake in TAP, which is under a 3.2 billion euro Brussels-approved bailout. ($1 = 0.9371 euros)Reporting by Andrei Khalip and Patricia Rua; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Homes might be more affordable in 2024, but that doesn't mean you should wait to buy one
▼ + stars: | 2023-03-07 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Forecasts are a mixed bag , but most expect prices to either remain flat or continue cooling by 1% to 10% from 2022's highs. However, with the economy expected to cool and possibly dip into a recession , many recent forecasts expect rates to drop to 6% or below in 2024, including a Fannie Mae projection of 5.2%. With U.S. home prices dropping and mortgage rates projected to dip sometime in 2024, homebuyers might be wondering if they should wait until next year to land a more affordable deal. "Returning to mortgage rates of 3% or 4% is not going to happen, in my view," says Yun, who points out that historically rates have been higher. Plus, if "mortgage rates go back down to that level, people can always refinance their mortgages," says Yun.

☆ Here are 3 key things to know before filing your taxes
▼ + stars: | 2023-03-05 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

"Now you're seeing this drop-off because you have people who are either less sure because they maybe getting a smaller refund," Jaeger said. Avoid refund delays with a complete, accurate returnOne of the best ways to avoid refund delays is by filing a complete and accurate return, according to the IRS. However, experts say it's critical to have all your tax forms ready before sending your return. Employers and financial institutions send tax forms every year, with a copy going to taxpayers and the IRS. You can make a checklist of the forms you may need by reviewing last year's tax return, experts suggest.

☆ How the market has changed in the 20+ years I’ve covered it
▼ + stars: | 2023-03-03 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Eastman Kodak (KODK) was a Dow stock. I’ve written about B2B (aka business-to-business) software companies, cloud computing firms, IPOs and SPACs, and cannabis/pot stocks. There have been more flavors of the month in the stock market during my CNN career than at your local Baskin-Robbins. It’s fine to have a lot of your money in S&P 500 ETFs and other funds that will track the broader market. “We still continue to believe that over long periods of time, stocks provide a reasonable hedge against inflation,” Patterson said.

☆ BHP investors aren’t seeing the wood for the trees
▼ + stars: | 2023-02-21 | by ( Antony Currie | ) www.reuters.com time to read: +4 min

Granted, BHP’s earnings of $6.5 billion for the six months to the end of December missed estimates by some 7%. BHP’s investors are missing a bit of the wood for the trees. Iron age: Miners are rallying as iron ore prices riseFollow @AntonyMCurrie on Twitter(The author is a Reuters Breakingviews columnist. The company attributed the drop to lower prices for iron ore and copper. BHP is paying a dividend of 90 cents a share for the period, down from $1.50 a share a year earlier.

☆ Elon Musk is currently working for Tesla for free. That could be about to change
▼ + stars: | 2023-02-20 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —For the moment at least, Elon Musk is working at Tesla for free. And last month the company disclosed Musk received the last remaining block of options granted under an even more lucrative 2018 pay package. Tesla stock closed Friday at $208.31. Still, some believe that the Tesla board could soon announce a new pay package for Musk. Some Tesla shareholders challenged the 2018 deal in a Delaware court, even though it was overwhelmingly approved by shareholders at that time.

☆ Why You Should Travel Abroad With Interior Designers
▼ + stars: | 2023-02-03 | by ( Antonia Van Der Meer | ) www.wsj.com time to read: +1 min

WHEN MELANIE BURNS of Oklahoma City first entered the Grand Bazaar in Istanbul, she was stunned by its sheer size and the pathways winding through its tented structures like a tangle of yarn. Though well-traveled and an old hand at hunting one-of-a-kind objets, she’d never experienced such an onslaught of potential riches. The duo led Ms. Burns to a shop layered deep behind other shops. “It was no more than about 14 feet square, and stacked high with the most beautiful hand-woven vintage tapestries I’ve ever seen,” Ms. Burns recalled. They are walking encyclopedias, they speak the language and when you shop with them, you don’t overpay.”

☆ A couple's retirement plan was derailed in 2008, so they moved abroad for a lower cost of living. They explain how they live comfortably on Social Security and spend just $2,000 a month.
▼ + stars: | 2023-01-26 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +12 min

Edd and Cynthia Staton's retirement plan was derailed when the Great Recession wiped them out. They took what savings they had and moved to Ecuador, where the cost of living was lower. They've been living comfortably abroad for over a decade on a budget of $2,000 a month. Edd and Cynthia Staton met as teenagers when Cynthia's family moved from Charlotte, North Carolina to Atlanta, Georgia in 1967. Living stress-free on $2,000 a month in Ecuador for 10 yearsTheir immediate hurdle was finding a place to live.

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