A Ponzi scheme allowed a couple from West Roxbury to enjoy a Bahamas vacation as well as give the mistress of the husband an apartment, and paid for gambling losses worth hundreds of dollars. The indictments charge Steven and Lori Palladino with loan-sharking, making false corporate book entries and larceny. The husband was set to […]
The much troubled new Boeing 787 Dreamliner seems to have taken a big step towards returning to the sky, as this Monday the Federal Aviation Administration or FAA agreed to approve the changes suggested to the battery system that has been causing a lot of trouble for the airplane. The decision comes after Boeing proposed […]
The board of Hewlett-Packard (NYSE:HPQ) defended itself from allegations of lack of leadership and errors in judgment. It also said that changing the board will only weaken it. A letter released before the March 20 annual meeting indicated that there were positive results on its finances and that the foundation set the company for a […]
Good news from the stock markets as the Dow Jones ended the day on a record high. As the markets opened the benchmark index surpassed the the all-time high of 14,164.53 from back in October 2007, before the recession began. The closing bell saw the benchmark stuck up there with the Dow gaining a total […]
Around ten million JC Penney Co (NYSE:JCP) shares will reportedly be sold by Vornado Realty Trust through an unregistered secondary transaction. This was revealed by someone who had some knowledge about the sale. The block transaction will reportedly be handled by Deutsche Bank AG (NYSE:DB), the source added. The source also indicated that the price […]
Futures at the S&P 500, Dow Jones and Nasdaq increased around 0.3 to 0.4 percent recently as US stock index futures hint at a slight increase when markets will open. The results of the Italian elections resulted to the biggest decline in US stocks since last November. The solid showing of groups against the economic […]
Herbalife’s fourth quarter results are beyond all expectations with profits higher that any investor would have ever hoped. With increased dividends an improved forecast for 2013 and four million shares bought back in just under two months, the nutritional company seems to be unstoppable. However, all things are not perfect as SEC’s Division of Enforcement […]
One of the top investors of OfficeMax Inc reportedly supports a merger between the company and Office Depot Inc depending on the terms of the deal. According to Neuberger Berman LLC’s Benjamin Nahum, he favors a special dividend declaration by OfficeMax before it merges with Office Depot. He indicated that a fair deal will be […]
The yen gained against all major currencies just before the G20 meeting where world leaders are going to discuss the Japanese currencies fluctuation in recent months. The euro remains high with recent optimism regarding Europe ability to cope with its debt problems. The ECB’s president Mario Draghi noted that huge progress has been made especially […]
The chief economist of the World Bank encouraged better coordination among the finance leaders of the Group of 20 to avoid a currency war. Kaushik Basu, indicated that the upcoming meeting of the finance ministers should be the venue for the talks before another international financial crisis will happen. Although the measures adopted by countries […]
PayPal Withdrawing Support For Kindle Fire, BlackBerry And Windows Phone
Revival Of Nashville Discussed
Brawl Erupts After Jose Bautista Downed By Rougned Odor Punch
VR Tour Offered Three Decades After Chernobyl Disaster
Kyle Busch Sweeps NASCAR Events At Martinsville
Halle Berry Enters The Social Media World
