Clik here to view.
China launches probe of Microsoft’s data practices, alleging “major problems”
The Chinese government expanded its probe of Microsoft’s business practices in the country, alleging “major problems” in the company’s electronic data. In a statement, China’s State Administration for...
View ArticlePharma entrepreneur Martin Shkreli worth at least $45M
Martin Shkreli, accused of federal securities fraud charges in December, was allowed to remain free pending trial after he secured his $5 million bond by posting an individual E*Trade brokerage account...
View ArticleClik here to view.
Facebook co-founder Chris Hughes plans to sell ‘The New Republic’
Chris Hughes, co-founder of Facebook who bought The New Republic in 2012 but has struggled to retain readership following his controversial business strategy, is looking to sell the venerable political...
View ArticleClik here to view.
Stealth bear market mauls Wall Street
There is mounting evidence that the U.S. stock market is being decimated and undermined by a so-called “stealth” bear market. If it feels like a bear market on Wall Street — even though the 9.8% drop...
View ArticleClik here to view.
China woes continue as benchmark plunges 5%
Chinese stocks started the week with heavy losses, diving more than 5% Monday as other global markets also fell. U.S. stock futures were marginally higher. The Shanghai composite index plunged 5.3% to...
View ArticlePlayboy Mansion on sale for $200 million, but Hef stays
You can live with Playboy patriarch Hugh Hefner for $200 million. The Playboy Mansion, situated on five acres in Los Angeles’ Holmby Hills, hit the market Monday for $200 million. With a catch. Hefner,...
View ArticleClik here to view.
Oil prices plunge 6% as stocks give up gains and sink
Wall Street kicks off the second week of 2016 on edge, as oil prices plunged even further and stocks continue to drop after suffering the market’s worst start to a year ever last week. Stocks initially...
View ArticleClik here to view.
EU orders 35 companies to pay $765M in taxes
Thirty-five large companies have been ordered to fork over $765 million in tax breaks that European Union regulators have ruled were illegally provided by Belgium. The European Commission, the EU’s top...
View ArticleClik here to view.
Fed’s 2010 stimulus decision was no slam dunk
Federal Reserve policymakers vigorously debated whether to launch its $600 billion bond buying stimulus in November 2010, with several officials doubting it would lift the sluggish economy, transcripts...
View ArticleClik here to view.
Dow slides 391; oil and China drops rattle investors
The market storm that has engulfed Wall Street to start 2016 again took aim at stock investors, with the Dow closing down nearly 400 points Friday, as increasingly jittery traders reacted to the latest...
View ArticleClik here to view.
Tech Five: Earnings give BlackBerry shares lift
Smartphone maker BlackBerry reported third-quarter earnings Friday. BlackBerry. Shares jumped in early trading after the company beat estimates on third quarter earnings and revenue. For the quarter,...
View ArticleClik here to view.
Tech Five: Box shares sink off earnings
Shares of cloud computing company Box are plunging following third quarter earnings. Meanwhile, buzz still surrounds Yahoo off reports of a possible sale. Box. Shares sunk more than 4% in morning...
View ArticleClik here to view.
Tech faces hour of reckoning as fundraising drops, layoffs rise
Is tech in for a rude awakening this year after a magic carpet ride the past few years? The numbers, and recent actions by once-highflying start-ups, would seem to suggest so. Consider: Mega-rounds,...
View ArticleClik here to view.
Gas price fell to 77 cents at one Michigan site
The nationwide fall of gas prices fell to a back-to-the-60s low at one Michigan station over the holiday weekend — to 77 cents a gallon — according to GasBuddy and area TV stations. Lucky motorists in...
View ArticleClik here to view.
Holiday sales disappoint: Grew a less-than-expected 3%
Holiday retail sales grew less than expected as retailers battled for shoppers who are opting to spend money on the thrill of lasting experiences rather than a new sweater. Sales for November and...
View ArticleClik here to view.
SpaceX rocket tips over during barge landing
An attempt by rocket launcher SpaceX to land a booster on a barge off the California coast failed Sunday when a leg collapsed, causing it to tip over, CEO Elon Musk tweeted. The Falcon 9 rocket had...
View ArticleClik here to view.
Chinese economic growth in 2015 was weakest in 25 years
China’s economy grew at its slowest rate in 25 years last year, according to official statistics released today. The Communist-led country saw its economy expand 6.9% overall in 2015 and 6.8% the last...
View ArticleClik here to view.
UnitedHealth Q4 profit falls, says Obamacare is one factor
The nation’s largest health insurer saw a 19% drop in fourth-quarter profit in 2015 but still ended the year exceeding analysts’ expectations. UnitedHealth (UNH) posted fourth-quarter earnings Tuesday...
View ArticleClik here to view.
Johnson & Johnson to cut 3,000 jobs
Global health giant Johnson & Johnson plans to shed about 3,000 jobs as the strong U.S. dollar takes a toll on the company’s medical devices division. J&J said Tuesday that it would record...
View ArticleClik here to view.
Stocks pare gains but still up after 2-week rout
U.S. stocks, still reeling from its worst yearly start ever, rose Tuesday and are setting up for a bounce after China’s 2015 economic growth came in at its lowest level in 25 years but was not as bad...
View Article