Stocks tumble to start 2016 following China sell-off

January 4, 2016 3:59 PM0 comments
Stocks tumble to start 2016 following China sell-off

An overnight drop in stock prices in Asia and Europe provides a dismal backdrop for the first trading day of 2016. The Dow Jones futures were down 287 points at 17,054.0, the S&P 500 futures declined 32.4 points to 2,003.0 and the Nasdaq futures fell 89.0 points to 4,498.8 shortly […]

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US Banks “too big to fail” perception of big institutions Federal Reserve Increase Reserves

November 1, 2015 5:22 PM0 comments
US Banks “too big to fail” perception of big institutions Federal Reserve Increase Reserves

A Federal Reserve proposal on Friday would give large banks another buffer, designed to reduce the “too big to fail” perception of big institutions. Banks will need a debt and a capital cushion equal to 16 percent of risk-weighted assets by 2019 and 18 percent by 2022. The Fed’s rule […]

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AIG’s Hancock Faces Wild Ride as Icahn Cites Leadership Void

October 28, 2015 7:54 PM0 comments
AIG’s Hancock Faces Wild Ride as Icahn Cites Leadership Void

Peter Hancock may have met his hardest challenge yet.  Since Hancock took over as chief executive officer of American International Group Inc. last year, Warren Buffett’s Berkshire Hathaway Inc.’s new commercial insurer raided AIG for talent. The integration of two AIG Japan units stalled. And Hancock coped with what he […]

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Technology Stock Roundup: GOOGL, MSFT, FB, AMZN, EMC

October 12, 2015 4:41 PM2 comments
Technology Stock Roundup: GOOGL, MSFT, FB, AMZN, EMC

It was another blockbuster week for tech companies, jam-packed with products, events, acquisitions and more although Alphabet GOOGL, Microsoft MSFT, Amazon AMZN, Facebook FB and EMC Corp. EMC likely had the biggest announcements. Google Belongs to Alphabet Now Google completed a complicated restructuring to give effect to a simple change. […]

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Big U.S. firms hold $2.1 trillion overseas to avoid taxes

October 7, 2015 1:07 AM0 comments
Big U.S. firms hold $2.1 trillion overseas to avoid taxes

The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday. The study, by two left-leaning non-profit groups, found that […]

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TELUS TSE:T Announces world’s fastest Internet in the world is coming to Vancouver

October 2, 2015 9:53 PM0 comments
TELUS TSE:T Announces world’s fastest Internet in the world is coming to Vancouver

Today TELUS announced a $1 billion fibre optic infrastructure upgrade that will supply B.C. with the world’s fastest wireless technology, “connecting Vancouver’s citizens to the fastest and most reliable internet services available anywhere.” “Our’s is an investment that will be felt for generations to come with speeds of 150mb per […]

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