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News & Updates

September 24, 2014 European Stocks Fall on Eurozone Fears -- 2nd Update

news.morningstar.com - The îStoxxî Europe 600 index was 1.3% lower midway through the session, deepening Monday's decline. The fall came after data firm Markit's monthly composite purchasing managers index--a measure...

September 24, 2014 Oracle Cuts Ellison’s Stock Awards, Adds CEOs’ Incentives

Source: BloombergBusinessWeek

Oracle Corp. (ORCL:US) changed its compensation plan for executives and is tying pay packages more closely to the company’s performance, following Larry Ellison’s decision to step down as chief executive officer

September 24, 2014 Home Depot data breach triggers fraudulent transactions: WSJ

Source: Reuters

Data breach at home improvement retailer Home Depot Inc (HD.N) has led to fraudulent transactions across the United States, draining cash from customer bank accounts, the Wall Street Journal said.

September 23, 2014 Lew: Climate change hits all sectors of economy

Source: The Hill

Treasury Secretary Jack Lew said that every sector of the economy is threatened by climate change, calling it "one of the most important challenges of our time."

September 23, 2014 Tesco's Accounting Irregularities Are Mind Blowing

Source: Forbes

It wasn’t long ago that Tesco was a retail darling. Across the industry it was held up as a great example of a Retail Winner. After all, it does go neck-in-neck with Carrefour as the world’s second largest retailer, behind...

September 23, 2014 European Stocks Drop as Treasuries Climb; Copper Gains on China

Economia e Finanza con Bloomberg - Copper rose after a Chinese factory gauge unexpectedly strengthened. The îStoxxî Europe 600 Index fell 1.1 percent by 10:18 a.m. in London, led by health-care companies. The MSCI...

September 23, 2014 U.S. Treasury moves against tax-avoidance 'inversion' deals

Source: Reuters

Moving against tax avoidance by corporations, the Obama administration took several actions on Monday to curb "inversion" deals that allow companies to escape high U.S. taxes by reincorporating abroad.

September 23, 2014 Stocks keep falling as weak Eurozone data overshadows China uptick

Source: Fortune

A closely-watched indicator showed that China’s economic slowdown may not be as drastic as feared, but international stock markets continued to fall as the same indicator provided further evidence of the Eurozone’s inability to...

September 23, 2014 U.S. court finds Arab Bank liable for supporting terrorism

Source: Fortune

A federal jury found on Monday that Arab Bank was liable for supporting terrorist efforts connected with Hamas. Earlier in July, Fortune reported on the U.S. Supreme Court’s refusal to hear an appeal by the bank, which is...

September 23, 2014 Apple Sells 10 Million iPhone 6 Devices in First Weekend After Launch

Source: eWeek

Apple's new iPhone 6 and iPhone 6 Plus smartphones were a big hit this past weekend, selling more than 10 million units after their debut on Sept. 19. That means that the new iPhone 6 models set a new all-time record for...

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