Author: Administrator
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Bank of America: New tariffs to hit earnings and cause stocks to plateau through the end of the year
Bank of America is calling for U.S. stocks to hold near current levels through the rest of the year following President Donald Trump’s move to put new tariffs on Chinese...
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Procter & Gamble shares jump on earnings beat, optimistic 2020 outlook despite Gillette write-down
Procter & Gamble swung to a net loss in its fiscal fourth quarter after the company reported an $8 billion write down of its Gillette brand. But P&G shares rallied...
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Apple’s credit card is on track to launch in early August
The Apple Card, a high-profile credit card partnership between Goldman Sachs and Apple, is scheduled to launch in the first two weeks of August, a person familiar with the project...
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Ford, BMW, Honda, and Volkswagen agree to California emissions framework
Four major automakers said Thursday that the companies have reached a voluntary agreement with the state of California to adopt compromise vehicle emissions rules. The agreement by Ford, BMW, Volkswagen...
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Huawei sales top $100bn despite US-led pressure
Chinese telecoms giant Huawei said revenues topped $100bn in 2018 despite a US-led campaign against the business on fears it poses a security threat. The firm said revenue for 2018...
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SEC Charges Registered Investment Adviser and Former Chief Operating Officer With Defrauding Client
The Securities and Exchange Commission today charged Talimco LLC, a registered investment adviser, and Grant Gardner Rogers, the former chief operating officer of the firm, with manipulating the auction of...
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SEC Names Vanessa Countryman Acting Secretary
The Securities and Exchange Commission today announced that Vanessa Countryman has been named Acting Secretary. Ms. Countryman will replace Brent Fields, who is stepping down as Secretary effective March 11,...
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SEC Charges Cognizant and Two Former Executives With FCPA Violations
Cognizant Technology Solutions Corporation has agreed to pay $25 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA), and two of the company’s former executives were...
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SEC Investor Advisory Committee to Meet on December 13
The Securities and Exchange Commission will hold a meeting of its Investor Advisory Committee on Dec. 13, 2018. The meeting will begin at 9 a.m. ET in the Multipurpose Room...
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SEC Charges Giga Entertainment Media, Former Officers and Directors With Fraud in Pay-For-Download Campaign
The Securities and Exchange Commission today charged Giga Entertainment Media Inc. and five of its former officers and directors—Gary Nerlinger, Jarret Streiner, Lawrence Silver, Alfred Colucci, and Charles Noska—with fraud...