Should SEC Heed Trump To Stop Quarterly Earnings Reports?
President Donald Trump is no stranger to starting controversies with his tweets. His latest one has caused a few waves in financial circles. Citing a talk with Pepsi’s outgoing CEO Indra Nooyi, Trump said that instead of quarterly financial reports,
Read MoreFacebook Responds To WSJ Report On Financial Data Requests
Facebook is once again the target of controversy. After the PR debacles earlier this year and the recent downturn in its stock prices, the social media giant seems to have slipped again as the Wall Street Journal reported Facebook recently
Read MoreUK Watchdog To Investigate KPMG Over Carillion Auditing
Accounting firm KPMG will be investigated by the UK industry watchdog in regards to its auditing of accounts of the collapsed construction firm Carillion. The construction firm was connected to the renovation of the Battersea Power station as well as
Read MoreKushner Companies Transactions Flagged As ‘Suspicious’
Deutsche Bank is reported to have flagged multiple transactions carried out by Kushner Companies. According to a Hamburg-based business magazine known as Manager Magazin, the bank is also prepared to turn over the documents relating to the flagging to Special
Read MoreMoneyGram Sale Blocked Due To US National Security Concerns
China’s Ant Financial which is a subsidiary of Jack Ma’s Alibaba Group Holding Ltd was in the process of acquiring MoneyGram for $1.2 billion as the Chinese conglomerate was expecting to complete this strategic acquisition and then challenge China’s Tencent
Read MorePayPal Ordered To Disclose Canadian Customer Data From 2014
PayPal recently announced that it had received an order from the Federal Court of Canada to submit all business customer account information dating from Jan 2014 till the date the order was received – which is November 10, 2017. The
Read MoreCredit Suisse Hit With $135 Million Fine For Forex Violations
New York’s State Department of Financial Services (DFS) announced this week that they had decided to impose a fine of $135 million on French bank Credit Suisse for a number of forex violations that occurred between 2009 to 2015. Credit
Read MoreNokia sees poor demand for telecom equipment in FY18
Due to technology transition, heavy competition from China, and operator consolidation in some countries, the erstwhile mobile handset manufacturer, Nokia Corp (NYSE: NOK) reported a 7% y-o-y decline in the fiscal 2017 third quarter revenue. The non-IFRS operating profit of
Read MoreCiti fined $550,000 by CFTC over improper LEI reporting
The stock of global banking and financial institution Citigroup Inc (NYSE: C) had a tremendous run up in September. The stock, which closed at $73.80 yesterday, had gained about 12% in a month. The hawkish stance of the Fed and
Read MoreOrders raining for Boeing, Deutsche bank upgrades PT
Last week, the stock of Boeing Co (NYSE: BA) gained about $10 to record a new yearly high of $256.69. The company has received a series of large orders, including the one from the US government, in September. That was
Read More
