Government Regulation

Fine Print

Is a $1.3 Billion Fine for BofA Getting Off Cheap?

A sum of nearly $1.3 billion in a government fine would put most businesses out of business. However, if your corporate name is Bank of America Corp. (NYSE: BAC) or ...
Read Full Story »
O.M.G-viagra-image Sold Erectile Treatment With Viagra Ingredients

A purported herbal sexual health supplement called O.M.G. has been found by the U.S. Food and Drug Administration (FDA) to contain generic sildenafil, the active ingredient in Pfizer Inc.'s (NYSE: ...
Read Full Story »
Camaro SS 2013

GM Adds Yet Another 718,000 Vehicles to Recall Tally

General Motors Co. (NYSE: GM) announced six recalls totaling 717,950 recent model vehicles Wednesday, just a day before the company is scheduled to announce second quarter 2014 earnings. The company ...
Read Full Story »
IranAir 747

Boeing SEC Filings Confirm Possible Iran Sales

Iran remains a hot button issue for the West, although the situation has been very slowly deflating. Many public and private companies alike make disclosures in filings with the U.S. ...
Read Full Story »

Auto Companies Set to Invest $1 Billion, Add 3,800 Jobs

The state of Michigan's Economic Development Board announced late Tuesday that its Strategic Fund Board has approved state incentives for nine business expansions and community improvement projects and $6 million ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »

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 ...
Read Full Story »
Citigroup logo

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 ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »
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 ...
Read Full Story »
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 -- ...
Read Full Story »