A roundup of some of the most popular, but completely untrue, headlines of the week. None of these stories are legit, even though they were shared widely on social media. The Associated Press checked these out; here are the real facts: Continue Reading Below NOT REAL: Illegal Alien Charged With […]
FOX Business News
Markets Right Now: Banks, technology lead gains for stocks
NEW YORK – The latest on developments in financial markets (All times local): Continue Reading Below 11:45 a.m. Stocks are moving higher in midday trading on Wall Street, led by gains in technology companies and banks. Synchrony Financial jumped 4.4 percent Friday and Citizens Financial rose 1.1 percent. Both reported […]
Why Athenahealth Is Soaring Today
What happened Continue Reading Below Shares of Athenahealth (NASDAQ: ATHN), a provider of software used in the healthcare industry, rose 10% in early-morning trading on Friday in response to the release of third-quarter earnings. So what Here are the key takeaways from the third quarter: Revenue grew 10% to $304.6 million. […]
Letters from regulators go unanswered, Axon slides
NEW YORK – Shares in Axon, the maker of Taser stun guns, are down 3 percent after the company revealed that it failed to respond to a series of letters from regulators regarding its financial filings. Continue Reading Below In a response late Thursday to the Securities and Exchange Commission, […]
BMW offices get ‘inspection’ in preliminary collusion probe
FRANKFURT, Germany – BMW said Friday that European Commission staff conducted an “inspection” at company offices in Munich earlier this week in connection with news media allegations that German carmakers colluded on technology including diesel emission controls. Continue Reading Below BMW said it was assisting the European Union’s executive arm […]
Education agency blasted amid student loan scam crackdown
Federal and state agencies are cracking down nationally for the first time on scams that gouge student loan borrowers, but critics say the U.S. Department of Education isn’t helping. Continue Reading Below Prosecutors at the Federal Trade Commission, 11 states and the District of Columbia have filed 36 lawsuits and […]
Banks, technology lead early gains for US stocks; oil falls
U.S. stocks were up slightly in early trading Friday as investors cheered a crop of strong company earnings. Technology companies posted some of the biggest gains. A jump in bond yields also helped lift bank shares. Consumer products companies lagged the most. Energy stocks declined following a slide in crude […]
GE CEO signals ‘sweeping change’ ahead, $20 billion in asset sales
General Electric Co (GE) Chief Executive John Flannery said Friday investors can expect “sweeping change” from his review of the businesses, and that the industrial conglomerate will focus on profit, cash generation and accountability of employees. Continue Reading Below Flannery said he sees room to cut more than $2 billion […]
Should You Sell Western Digital After its Toshiba Loss?
Western Digital‘s (NASDAQ: WDC) lengthy attempt to acquire Toshiba‘s (NASDAQOTH: TOSBF) memory unit failed last month, with Toshiba deciding to sell the unit to a consortium led by SK Hynix and Bain Capital. Continue Reading Below Western Digital previously inherited a NAND flash memory joint venture with Toshiba through its […]
Why Marijuana Stocks Won’t Pay a Dividend, Even if They’re Profitable
There aren’t too many industries that can grow at 20%-plus a year over the next five years, but marijuana could be one of them. Cannabis research firm ArcView believes the legal North American pot industry could be worth $21.6 billion by 2021, which would translate to a 26% compound annual […]