Alert: Fintech revolution hits roadblocks
What’s really going on in financial technology? Financial technology, or “fintech” for short, is threatening to turn traditional financial fields like banking, lending, asset management and insurance...
View ArticleVolkswagen promises U.S. dealers restitution within a month: WSJ
(Reuters) - Volkswagen AG executives in the United States have promised restitution within a month for American franchise dealers damaged by the carmaker's diesel scandal, the Wall Street Journal...
View ArticleThe new era of payment processing will change everything
The modern smartphone is a remarkable device. A single device that fits in your pocket can do all the tasks that once required cameras, camcorders, GPS devices, watches, alarm clocks, calculators, and...
View ArticleThis is what happens when 3 'super SUVs' go head-to-head
The guys at Auto Bild got their hands on the new Bentley Bentayga and put it up against a pair of other mighty vehicles: the Range Rover SC LFW SVAutobiography and the Mercedes GLS 500 — it's the 550...
View ArticleJapanese firms' succession problem is a boon for private equity dealmakers
By Junko FujitaTOKYO (Reuters) - Japan's aging population may be bad for the economy but it is giving dealmakers a break. As more owners of small and medium-sized businesses reach their golden years...
View ArticleCrude prices trade little-changed after Turkey's failed coup
NEW YORK (Reuters) - Oil prices were either side of unchanged on Sunday in early trade as the impact from Turkey's failed military coup was broadly expected to be limited on global markets.The...
View ArticleRepublicans want to bring back Wall Street's worst nightmare
The Republican Party wants to bring back one of the toughest regulations that Wall Street ever had to tackle.According to reports, Paul Manafort, presumptive Republican nominee Donald Trump's campaign...
View ArticleNetflix whiffed big on earnings, and the stock is crashing (NFLX)
Netflix missed huge on domestic and international subscriber additions in its Q2 earnings on Monday."We are growing, but not as fast as we would like or have been," Netflix said in a letter to...
View ArticleWall Street had an unexpected blowout in a critical business
It looks like Wall Street had a blowout quarter in an unexpected business: fixed income.So far, JPMorgan, Citigroup, and Bank of America Merrill Lynch have reported second-quarter earnings, and they...
View ArticleAMC Networks is offering buyouts as 'Walking Dead' ratings drop
AMC Networks is expected to offer voluntary buyouts to about 200 employees, an individual with knowledge of the situation told Business Insider.The company is expecting that about 10% to 15% of those...
View ArticleYahoo earnings are right on track, no word on sale (YHOO)
Yahoo just reported its second quarter earnings after the bell Monday afternoon.It was mostly an in-line quarter with a slight miss on earnings per share. It beat revenue estimates by a small...
View ArticleSomeone has been trying to offload their investment in disgraced hedge fund...
When hedge fund investments go sour, Andrew Lawrence will sweeten things up.Lawrence is the CEO of Rosebrook Capital Partners, a firm that buys positions in hedge funds from investors who — for one...
View ArticleSTOCKS CLOSE AT NEW HIGHS: Here's what you need to know (SPY, SPX, DJI, IXIC,...
The Dow Jones Industrial Average and benchmark S&P 500 clinched new closing highs on Monday, even though the indexes were little changed during much of the trading session.Volume on the New York...
View ArticleIBM surprises with Q2 2016 earnings, a beat on profits and revenue
IBM just released its Q2, 2016, earnings and reported:Q2 EPS $2.95 vs. estimates of $2.89, so that's a beat.Revenues of $20.24 billion versus estimates $20.03 billion. That's a beat, too.Here's the...
View ArticleNetflix's subscription additions miss expectations
(Reuters) - Netflix Inc's U.S. and international subscription additions in the second quarter fell short of analysts' expectations as price hikes for its video streaming service put off customers.The...
View ArticleVolkswagen seeks Canadian 'Dieselgate' settlement: Handelsblatt
FRANKFURT (Reuters) - Volkswagen is seeking a settlement with Canadian diesel vehicle owners similar to the one reached in the United States, German newspaper Handelsblatt reported on Monday, citing a...
View ArticleYahoo revenue rises 5.2 percent
(Reuters) - Yahoo Inc reported a 5.2 percent rise in total quarterly revenue, a sign of strength in its troubled core Internet business it is auctioning off.Yahoo's total revenue rose to $1.31 billion...
View ArticleThree U.S. states plan lawsuits over Volkswagen diesel pollution
WASHINGTON (Reuters) - Three U.S. states plan to unveil new lawsuits against Volkswagen AG on Tuesday tied to the automaker's sale of diesel vehicles that had software allowing pollution emissions of...
View ArticleShort-sellers are up $500 million on Netflix's stock price drop
Netflix flopped on its earnings expectations and investors betting against the stock are making a boatload."With the stock down 15% in aftermarket trading, short sellers have made almost half a billion...
View ArticleThe new era of payment processing will change everything
The modern smartphone is a remarkable device. A single device that fits in your pocket can do all the tasks that once required cameras, camcorders, GPS devices, watches, alarm clocks, calculators, and...
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