The Federal Trade Commission and AT&T have announced a settlement of $105 million will be paid by AT&T to settle charges that the company allowed third parties to bill customers unlawfully. The settlement amount will go towards paying an FTC fine of $5 million, $20 million in penalties and fees […]
Arena Pharmaceutical (ARNA) shares are down nearly 10 percent on the news that that its chief executive Jack Lief sold nearly 40 percent of his holdings in the company. Lief sold 223,525 shares on July 1 at $5.85 per share. The transaction was an “automatic sell” apparently triggered by a […]
Rio de Janeiro the iconic state in Brazil is getting a huge, last minute bailout only seven weeks prior to the start of the 2016 Olympic Games. The federal government in Brazil approved a bailout for $850 million or 2.9 billion Reals, to increase security in the city for the […]
New York-based China Labor Watch has reported finding child labor violations at a company in China that supplies materials to Samsung Electronics. During an investigation that was conducted throughout July and August, the group reportedly found 10 children working at a factory operated by China-based supplier HEG Technology. The report […]
General Motors would be spinning off the luxury Cadillac brand into its own separate business unit in a move to turn around the brand. Cadillac’s once-renowned luxury image has faded somewhat in recent years. Cadillac’s sales have slid 5 percent when compared with the same quarter a year ago. The […]
Twitter Inc reported for the first time a quarter that did not have any growth in users, since it became a public company. This has stoked fresh worries about how long it will be before the company can reverse this trend. The stalled expansion in the number of monthly users […]
IBM shares were on the rise after the company announced an exclusive partnership with Apple (APPL) to transform enterprise mobility through a new class of business apps. In pre-market activity IBM (IBM) shares were up 2% . The stock closed at $188.40 on slightly higher than normal volume. Apple’s stock […]
Apple is in the hot seat after the nude photos of 100 or so female celebrities were apparently stolen from files stored in its iCloud service. Apple’s iCloud service allows users to store photos, media, documents, and other content in the cloud, where they can then access it from any […]
