Oil prices plummet despite unrest in the Middle East
Oil prices plummeted on Monday as Libya begins production at its largest oil field, restoring production to about 70,000 barrels (twenty percent of its...
Wells Fargo fined $5 million for insider trading
Wells Fargo has been fined $5 million because one of its brokers made trades using confidential customer information.
If you use material non-public information to...
U.S. government cracking down on corporate inversions
The U.S. Treasury Department has declared its “first, targeted steps” at making it more difficult for American companies to avoid taxes by merging with...
S.E.C. awards whistleblower $30 million for speaking out
Someone who gave out information regarding securities fraud enforcement action has been awarded $30 million for speaking out, according to a government watchdog agency.
The...
The EMC merger with Hewlett-Packard that never went through
The EMC Corporation have been in talks with Hewlett-Packard about a possible merger. However, the merger never went through because of "difficulties".
The terms...
Apple sells 10 million iPhone 6 and iPhone 6 Plus units in three days
Apple has sold more than 10 million iPhone and iPhone 6 Plus devices over the past three days, setting a new company record.
Tim Cook,...
Clorox shares soar following discontinuation of operations in Venezuela
Clorox Co’s shares reached a record year high on Monday following the discontinuation of its operations in Venezuela. The company plans on divesting all...
ECB may use unconventional tools, Draghi says
Mario Draghi, President of the European Central Bank, said on Monday that he and his team are ready to use additional unconventional instruments within...
Tesla is rolling out a series of new software upgrades
Tesla Motors is rolling out a number of new software upgrades to enhance and make its Model S electric sport sedan more personalized.
The new...
US stocks suffer as China’s economic outlook worsens
The US stock market rattled today as tech stocks took a nosedive and Alibaba stock went down by 4% on the company’s second day...