Business News
SEC sues Elon Musk for fraud, seeks to remove him from Tesla
Venture Beat - 28 Sep 2018 04:52
(Reuters) — The U.S. Securities and Exchange Commission on Thursday accused Tesla Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series...
The good news in Garden Reach Shipbuilders IPO under-subscription
livemint.com - 28 Sep 2018 05:00
Taking refuge in the company's strong order book and prospects, the government sought to force through Garden Reach's share sale process. But with the bitter experience of HAL still fresh, investors ignored the defence s...
Lowe's new CEO plans to 'replicate Home Depot playbook'
New York Post - 28 Sep 2018 04:52
If you can't beat ' em, copy 'em. Marvin Ellison, the new chief executive at Lowe's, says his plan to fix the floundering home-improvement chain includes a few tricks he learned from his days as an executive at Home Depo...
5 Reasons To Take Your Tesla Profits Now
Forbes - 28 Sep 2018 14:25
Jim Chanos made his name as an outspoken short seller of Enron stock. Will Tesla be another big win? With SEC suing Musk, odds are moving in his favor.
Fraudsters bilked 75K investors with get-rich-quick videos: SEC
New York Post - 28 Sep 2018 04:17
Federal securities regulators accused a group of online marketers of circulating get-rich-quick videos to commit a "massive fraud" that bilked 75,000 investors out of tens of millions of dollars. Ten individuals across t...
Fannie Mae, Freddie Mac tighten capital rules for PMI companies
American Banker - 28 Sep 2018 04:08
Fannie Mae and Freddie Mac issued new capital requirements for private mortgage insurers that will create big swings in carriers' asset reserves.
Times Square's Opry City Stage is shutting down
New York Post - 28 Sep 2018 02:21
The latest attempt to turn New Yorkers into country music fans has hit a sour note. On Thursday, after just nine months in operation, Times Square's Opry City Stage is calling it quits. The 99 employees who worked at the...
Emerging Markets Calm, but Caution Persists
Barron's - 28 Sep 2018 22:42
After the summer selloff, investors continue to be wary. There are upbeat signs in Turkey, but China's a big question.
Germany inches toward diesel fix, solution seen Monday: source
Reuters - 28 Sep 2018 17:32
The German government is on track to find a solution for tackling pollution from diesel vehicles but there is no agreement yet, a government source said after Chancellor Angela Merkel chaired a meeting on Friday in Berli...
Takeda's $62 billion Shire bid faces November 6 EU antitrust deadline
Reuters - 28 Sep 2018 17:30
EU antitrust regulators will decide by Nov. 6 whether to allow Japanese drugmaker Takeda Pharmaceutical's $62-billion takeover of London-listed Shire Plc , the European Commission said on Friday.
Bank of America restricts trading in penny stocks
Reuters - 28 Sep 2018 17:29
Bank of America is placing trading restrictions on penny stocks as part of a policy change aimed at shielding clients from risky assets, the Wall Street bank said on Friday.
Gig economy: Here's how much you can make delivering for Grubhub, Uber Eats and DoorDash
USA Today - 28 Sep 2018 17:25Divorce wiped me out financially. Here's how I bounced back.
USA Today - 28 Sep 2018 17:22
A young son, a underwater mortgage and divorce. How one woman fixed her finances.
We tested popular coffee brands—and this is the best one
USA Today - 28 Sep 2018 17:14
Get the jump on java
U.S. stock options volume on pace for a record year
Reuters - 28 Sep 2018 17:14
The U.S. listed equity options market is set for a record volume in 2018 due mainly to a resurgence in stock market gyrations after a couple of unusually quiet years, data from derivatives clearing organization OCC showe...
Why regulators need to take another look at bank capital
American Banker - 28 Sep 2018 17:08
The banking agencies are right to review capital requirements for banks of all sizes to ensure the rules are efficient and clear.
Wall Street swings to gains as health, energy stocks rise
Reuters - 28 Sep 2018 17:06
U.S. stocks reversed losses to trade slightly higher on Friday morning, helped by gains in energy and healthcare companies.
In Argentina, If The IMF Fails, Cristina Kirchner Wins
Forbes - 28 Sep 2018 14:26Asia Markets: Japan leads Asian stock markets higher in bid to end September on bright note
Market Watch - 28 Sep 2018 04:46
September may have not had a smooth start for Asian stocks but it is looking like it will end well. Broad gains are being seen across the region Friday, with Japan's Nikkei leading the way with a 1.6% gain.
Mutual Funds Weekly: Investors should buckle up for a wild October ride
Market Watch - 28 Sep 2018 04:40
October is choppier for stocks than other months.
MarketWatch First Take: If Tesla had a real board, it would remove Elon Musk as CEO in light of SEC lawsuit
Market Watch - 28 Sep 2018 04:02
Elon Musk, the chief executive of Tesla, is finally paying for his irreverent, immature and reckless behavior as the head of a publicly traded company and the board needs to put him on leave.
Jeff Bezos' Blue Origin to supply engines for Vulcan rocket
Reuters - 28 Sep 2018 03:26
Blue Origin, the space company founded by Amazon.com Inc Chief Executive Officer Jeff Bezos, has won a contract to supply engines for United Launch Alliance's massive Vulcan rocket, the companies said on Thursday.