Government Regulation

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CIT’s $3.4 Billion Buyout Makes It Systemically Important to Regulators

CIT Group Inc. (NYSE: CIT) may have delivered on beating its earnings expectations, but this is just a tiny fraction of the story here. CIT's acquisition of the parent company of ...
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Chinese Meat Scandal at McDonald’s Pushes DJIA Lower

The Dow Jones Industrial Average has traded lower all day since tumbling about 0.7% in mid-morning. The index got a downward push thanks to McDonald’s Corp. (NYSE: MCD) which has ...
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Yum China

McDonald’s and Yum! Halt Purchases From Meat Supplier

Update: The Illinois-based firm, privately held OSI Group Inc., that supplied the questionable meat products to McDonald's Corp. (NYSE: MCD) and KFC restaurants owned by Yum! Brands Inc. (NYSE: YUM) has ...
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Offshore drill rig

Obama Administration OKs Oil & Gas Searches Off Atlantic Coast

Saying that the status quo does not meet the “need for action,” the U.S. Bureau of Ocean Energy Management (BOEM) on Friday issued a decision on what the agency will ...
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walmart-truck

Tracy Morgan’s Lawsuit Against Walmart Cites Failed Technology

The speeding tractor-trailer big rig owned by Wal-Mart Stores Inc. (NYSE: WMT) that collided last month with a limo occupied by comedian Tracy Morgan and some friends was equipped with a ...
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Citigroup Settlement With Justice Department Slashes Earnings

Citigroup Inc. (NYSE: C) reported second-quarter results before markets opened Monday. The investment bank and financial services giant posted adjusted diluted earnings per share (EPS) of $1.24 on revenue of ...
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Pentagon

Pentagon Pays Too Much for 100 Million Barrels of Fuel

When it comes to estimating how much the U.S. Department of Defense is going to spend on fuel, we all might be better off if the DOD planners used a ...
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cannabis

The Next 9 States to Legalize Marijuana

The United States is slowly reversing course on banning marijuana. Colorado led the way in passing laws that allow recreational use of marijuana and cannabis products, and now the opening ...
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Federal Reserve

FOMC Minutes Signal October End to Asset Purchases

The Federal Reserve released the minutes of the June meeting of its Federal Open Market Committee (FOMC) on Wednesday afternoon. The minutes indicate that the FOMC plans to end its ...
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80s tv set graphic

FCC Names Power Lineups to Review Big Media Mergers

The Federal Communications Commission (FCC) has named its investigative teams to review whether or not the massive media mergers that have been announced are actually in the public interest -- ...
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Emirates 777-300ER

How Badly Could Boeing Be Hurt If Ex-Im Bank Closes Down?

The Tea Party wing of the Republican party has declared that it will not support the reauthorization of the U.S. Export-Import (Ex-Im) Bank when the bank's charter comes up for ...
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Target store

Target Bans Firearms in Its Stores

In a post on the company's official blog site, Target Inc. (NYSE: TGT) said that beginning July 2 the stores will "respectfully request that guests not bring firearms into Target ...
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drone

FAA Behind Schedule Bringing Drones Into U.S. Airspace

An audit report from the Department of Transportation's Inspector General warns that Federal Aviation Administration (FAA) is "significantly behind schedule" in meeting the September 2015 deadline set by Congress for ...
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BU010601

FTC Goes After T-Mobile USA Over Third-Party Billing

T-Mobile US, Inc. (NYSE: TMUS) may have won over many new wireless customers as portraying itself as the 'uncarrier' for wireless subscribers. Now it turns out that a Federal Trade ...
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GMBRANDMARK-blueflat

GM Will Pay Claims for Defective Ignition Switches

General Motors Co. (NYSE: GM) will pay millions of dollars, at least, to survivors and victims of crashes related to defective ignition switches in the company's vehicles. GM hired Kenneth ...
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