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, […]
FOX Business News
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 […]
3 Ways to Make Your Social Security Benefits Bigger
The bigger your Social Security benefits are, the less income you’ll need to generate from other sources such as your retirement savings. This can be particularly important if you are behind on saving for retirement, or have suffered some unfortunate losses from your investments. Fortunately, there are ways to increase […]
Celgene Could Be the Best CAR-T Stock to Buy, Not Gilead Sciences
Gilead Sciences‘ (NASDAQ: GILD) recently approved Yescarta could be a billion-dollar blockbuster cancer-cell therapy, but the company could face stiff competition from Celgene (NASDAQ: CELG) someday. Celgene has successfully used research and development (R&D), acquisitions, and partnerships to become one of the world’s biggest oncology biotech companies, and the use of this […]
P&G’s profit beats Wall Street on higher sales of beauty, home care
Consumer goods giant Procter & Gamble Co (PG), which recently declared victory in an historic proxy fight with activist investor Nelson Peltz, reported a better-than-expected quarterly profit on Friday but sales slightly missed Wall Street estimates. Continue Reading Below The company, which houses more than 60 brands, saw higher sales […]