Stocks tumble to start 2016 following China sell-off

January 4, 2016 3:59 PM4 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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Dear Walmart, Someone Insulted Me In One of Your Stores. Your CEO Must Now Resign.

November 12, 2015 2:31 PM2 comments
Dear Walmart, Someone Insulted Me In One of Your Stores. Your CEO Must Now Resign.

Dear Walmart, I am writing to inform you of a terrible attack I suffered in one of your stores this week. The assault against me was so violent and oppressive that I had to immediately retreat to my healing space, where I lay whimpering on the floor for three and […]

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

November 1, 2015 5:22 PM2 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 PM2 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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Twitter laying off up to 336 people, 8 per cent workforce as new CEO cracks down on expenses

October 15, 2015 11:35 AM0 comments
Twitter laying off up to 336 people, 8 per cent workforce as new CEO cracks down on expenses

SAN FRANCISCO – Twitter is laying off up to 336 employees, signalling CEO Jack Dorsey’s resolve to slash costs while the company struggles to make money. The cutbacks announced Tuesday could equate to about 8 per cent of Twitter’s workforce of 4,100 people. The purge comes two weeks after Twitter […]

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

October 12, 2015 4:41 PM6 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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$67 billion buyout of EMC (NYSE:EMC) Corp by Silver Lake and DELL

4:18 PM1 comment
$67 billion buyout of EMC (NYSE:EMC) Corp by Silver Lake and DELL

    $67 billion buyout of EMC Corp by Silver Lake and DELL Silver Lake has broken private equity’s golden rule about not having too much exposure to a single company. Two years after helping to take Dell Inc. private in a $24.9 billion buyout, private equity firm Silver Lake […]

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Corporate News, Oil Rebound Help Propel Wall Street

October 7, 2015 10:45 AM2 comments
Corporate News, Oil Rebound Help Propel Wall Street

U.S. equity markets were solidly higher on Wednesday as focus turned to corporate news and energy names got a boost from higher oil prices. As of 9:30 a.m. ET, the Dow Jones Industrial Average was up 102 points, or 0.61% to 16893. The S&P 500 gained 11 points, or 0.57% […]

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

1:07 AM1 comment
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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Dow, S&P close up more than 1%, post biggest reversal in 4 years

October 2, 2015 9:21 PM0 comments
Dow, S&P close up more than 1%, post biggest reversal in 4 years

U.S. stocks closed more than 1 percent higher Friday, recovering from an initial decline of more than 1.5 percent, as investors digested higher oil prices and a weaker-than-expected jobs report. “The poor employment report put a footing to the market because it provided a way for the market to understand […]

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