Archive for the ‘Finance’ Category
Citi agrees $75m to settle SEC charges
Citigroup agreed to pay $75m to settle Securities and Exchange Commission charges that it failed to disclose to investors more than $40bn in exposure to subprime mortgages Read More →
Stocks: Down Day, Strong July
The Dow industrials fell 30.72 points amid disappointing revenues from utilities and consumer companies. But blue chips remain on track for their best month since July 2009. Read More →
Motorola’s Google Bet Pays Off
Motorola shipped 2.7 million smartphones and stabilized its long revenue decline, as the company's wager on Google-based phones began to pay off. Rival HTC also reported strong demand for Google smartphones. Read More →
Global stocks flat as rally runs out of steam
Global Markets Overview: Investors are turning very selective about risk, as shares decline while some currency markets embrace chancier assets Read More →
Congress Nears Passage of Slimmed-Down Air-Safety Bill
House and Senate leaders, deadlocked over a comprehensive FAA bill including plans for air-traffic control improvements, have compromised on a slimmed-down measure to enhance airliner safety. Read More →
Citi to Pay $75 Million in SEC Pact
Citigroup will pay $75 million to settle regulatory charges that it failed to disclose $40 billion in subprime exposure to investors in the second and third quarters of 2007. Read More →
Toyota Recalls: How Bad Is The Damage?
Forecasts of Toyota's results for July hint at how much damage the recalls have done and at how deep the company's troubles may run. Read More →
Arizona Appeals Immigration Ruling
Arizona filed an appeal contesting a federal judge's order that put most of the state's immigration law on hold. Read More →
DOJ Sues Oracle Over Billing
The Justice Department filed a lawsuit against Oracle claiming it defrauded the federal government on a software contract that involved hundreds of millions of dollars in sales. Read More →
Republicans Press FDA Head on Chinese Heparin
Two Texas Republicans want FDA Commissioner Peggy Hamburg to press Beijing on what Chinese health authorities did to track the contaminated heparin linked 81 deaths in the U.S. in 2008. Read More →
