Britain’s Authorities Fine Merrill Lynch for Not Reporting Transactions

Britain’s Authorities Fine Merrill Lynch for Not Reporting Transactions

Posted by on Oct 23rd, 2017

Merrill Lynch, a unit of Bank of America, was fined on Monday in the amount of $45.5 billion by the Financial Conduct Authority in Britain for not reporting details of its trading in exchange-traded derivatives, the British market regulator announced. Monday’s enforcement action, which is the first of a kind under Britain’s European... 
Earnings for American Express Beat Expectations

Earnings for American Express Beat Expectations

Posted by on Oct 19th, 2017

On Wednesday, American Express posted quarterly revenue and earnings that beat Wall Street expectations and increased its full year forecast. At the same time, the company announced that its CEO Kenneth Chenualt would be replaced by... 
Sidewalk Labs Turning Area of Toronto Into Smart City

Sidewalk Labs Turning Area of Toronto Into Smart City

Posted by on Oct 18th, 2017

Sidewalk Labs, owned by Alphabet the parent company of Google, focuses on technologies for smart cities, and will build a complete, mixed-use community in Toronto’s eastern waterfront, with the goal of building an area that is livable... 
IBM Simplifying and Increasing Speed of Cross Border Payments

IBM Simplifying and Increasing Speed of Cross Border Payments

Posted by on Oct 16th, 2017

For many the blockchain has been seen as one method of quickening payments that are cross-border, and now the movement, which includes many startups making private moves, just received its highest-profile supporter in IBM, after Big... 
Hundreds of Employees Fired at Tesla

Hundreds of Employees Fired at Tesla

Posted by on Oct 14th, 2017

Tesla has fired hundreds of its employees this week, including factory workers, managers and engineers, even as the electric carmaker continues to struggle to expand manufacturing and its product line. The mass firing came during a... 
Kobe Steel Problems Deepen as Shares Take Big Dive

Kobe Steel Problems Deepen as Shares Take Big Dive

Posted by on Oct 11th, 2017

Kobe Steel Ltd. based in Tokyo, Japan plunged further into crisis Wednesday after new revelations showed that data fabrication at the Japanese steelmaker was much more widespread that what was initially thought, increasing a worry... 
Google Finds Ads Bought By Russians on Its Platforms

Google Finds Ads Bought By Russians on Its Platforms

Posted by on Oct 9th, 2017

For just the first time Google has uncovered evidence that operatives from Russia exploited the platforms of the Internet giant in an attempt to interfere with the U.S. election in 2016, according to those familiar with the investigation... 
Consumer Watchdog Wants New Rules for Payday Lenders

Consumer Watchdog Wants New Rules for Payday Lenders

Posted by on Oct 7th, 2017

Many of today’s payday lenders might have to shutter their doors if rules this week made by the Consumer Financial Protection Bureau as is are to go into effect. However, the changes are up against strong headwinds from a Congress... 
Panel: Washing Machine Makers in U.S. Hurt by Imports

Panel: Washing Machine Makers in U.S. Hurt by Imports

Posted by on Oct 6th, 2017

The United States International Trade Commission reported on Thursday that the increase in imports of large washing machines for residences harmed domestic manufacturers, a big step toward placing an across the board duty or quota... 
FedEx and UPS Shares Fall Over Worries of Amazon Delivery Service

FedEx and UPS Shares Fall Over Worries of Amazon Delivery Service

Posted by on Oct 5th, 2017

Shares of delivery companies such as FedEx and UPS are falling as investors become worried that the delivery service of Amazon.com is set to disrupt the entire industry. Shares of FedEx and UPS feel 2.2% and 3.3% respectively in premarket... 
FDA: “Love” Is Not An Ingredient in Granola

FDA: “Love” Is Not An Ingredient in Granola

Posted by on Oct 4th, 2017

Brown sugar, rolled oats and even nut yes, but feelings no, says U.S. regulatory agency. The United States Food and Drug Administration released on Tuesday a warning letter addressed to Nashoba Brook Bakery. The letter reprimanded... 
Oracle Guarantees Price of Database Warehousing will be 50% of Amazon’s

Oracle Guarantees Price of Database Warehousing will be 50% of Amazon’s

Posted by on Oct 2nd, 2017

On Sunday night, Larry Ellison the Chairman of Oracle Corp guaranteed to offer the company’s database warehousing at 50% the price that Amazon.com is charging. The autonomous database system at Oracle rolls out this December. Beginning... 
Britain Upset by Decision to Slap Tariff on Bombardier Jets

Britain Upset by Decision to Slap Tariff on Bombardier Jets

Posted by on Sep 27th, 2017

On Wednesday, British Prime Minister Theresa May said she was bitterly disappointed by the decision made by the U.S. to place tariffs on Bombardier jets. May promised to protect jobs for thousands in Northern Ireland that this ruling... 
ABB Increases Business in U.S. with Acquisition of GE Industrial Solutions

ABB Increases Business in U.S. with Acquisition of GE Industrial Solutions

Posted by on Sep 25th, 2017

Swiss company ABB Ltd has agreed to acquire the General Electric Co. industrial solutions business for a price of $2.6 billion helping to strengthen its business within the U.S., which is its biggest market. ABB, based in Zurich, said... 
Health Professionals Warn Travelers About Meth-Laced Soda

Health Professionals Warn Travelers About Meth-Laced Soda

Posted by on Sep 23rd, 2017

Methamphetamine-laced 7Up reportedly caused at least one death and sent several others to the hospital in an area of northern Mexico. The incident has prompted warnings by health professional in the U.S. to travelers. Authorities in... 
Death of Liliane Bettencourt Sparks Speculation Over L’Oreal

Death of Liliane Bettencourt Sparks Speculation Over L’Oreal

Posted by on Sep 22nd, 2017

Billionaire Liliane Bettencourt’s death has sparked speculation over the ownership of the French cosmetic company L’Oreal. The Bettencourt’s were the founding family and the death of the French matriarch of that family has caused... 
Next »