Video – Business
Just a week ago the stock market was looking quite vulnerable as most of the major averages closed near their lows last Friday, April 11. There were signs of heavy selling, so I concluded last week that “On a short-term basis, the market is getting oversold, so we should see a bounce this week. Unless […]
Providence, R.I. is suing dozens of Wall Street banks and other financial companies over high-frequency trading. The suit says stock exchanges, investment banks and others defrauded investors by manipulating market data in favor of split-second stock-trading firms. The suit’s defendants include the Nasdaq Stock Market and the New York Stock Exchange; major banks such as […]
Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, lost a bid to dismiss some of the insider trading charges leveled against him last year. U.S. District Judge Naomi Reice Buchwald in Manhattan ruled that the indictment adequately alleged the essential elements of the crimes charged. Buchwald agreed that four securities fraud […]
Jack Hough previews the latest issue of Barron’s magazine. “Barron’s Buzz: When High P/E Stocks Are Worth It” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Brazil´s federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering. A week ago, Brazil’s securities commission, CVM, announced that Batista was under investigation for insider trading as chairman of his now-bankrupt oil-producing company Óleo and Gás Participações SA. “Brazilian Tycoon Batista […]
Wal-Mart is trying to shake up the money transfer industry with a new service that undercuts Western Union and MoneyGram with lower and simplified fees. Paul Ziobro reports on Lunch Break. Photo: Getty. “Wal-Mart Banks on New Money Transfer Service” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, […]
California’s worst drought on record has meant less grass for cattle to graze on, driving up costs for beef. Deborah Gembara reports. “California drought causes rise in beef prices” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
It might be spring cleaning, or just the urge to destroy something after finishing your taxes, but Marketwatch’s Chuck Jaffe says be diligent about protecting your online documents and passwords. Photo: AP. “Be Sure Spring Cleaning Includes Your Online World” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, […]
Online peer-to-peer lender LendingClub raised $115 million in equity and debt, giving it a valuation of $3.8 billion as it eyes an IPO. Peter Renton, co-founder of the Lenit Conference and CEO of Lend Academy, discusses on MoneyBeat. Photo: Getty Images. “Peer-to-Peer Lending Club Moves Closer to IPO” is categorized as “business”. This video was […]
Bill Cassidy, Republican Congressman from Louisiana and physician was in the news last week as he provided emergency treatment to a fellow passenger on a Southwest Airlines flight. He may well have gained one more vote in his Senate race. This week Congressman Cassidy introduced The Faith and Fairness Act of 2014 ” a response […]
The Chinese online messaging company, Weibo, had a strong start in its Nasdaq debut, showing that investor appetite for Chinese tech IPOs remains strong, setting the stage for Alibaba’s highly anticipated debut. Lily Jamali reports. “Weibo withstands weakness in tech” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, […]
A new government report says the IRS audits less than 1 percent of large partnerships, drawing criticism from Congress. The Government Accountability Office says the number of large businesses organized as partnerships has more than tripled since 2002, yet hardly any get close scrutiny by the IRS. The GAO defines large partnerships as those with […]
Lululemon, best known for its trendy yoga wear, hopes to drive growth in coming years by expanding its range of fitness-related apparel and accelerating international plans, New CEO Laurent Potdevin, who was recruited to revive the company’s fortunes after an embarrassing recall and supply chain issues last year raised questions about growth prospects, made the […]
Corporate earnings pushed U.S. stocks mostly higher on Thursday. The Standard & Poor’s 500 index rose two points, to close at 1,864.85. Seven of the 10 industry sectors in the S&P 500 gained, led by energy stocks. The Nasdaq added nine points, to finish at 4,095.52. The Dow Jones industrial average, however, fell 16 points, […]