News

Regulation

SEC Sues App Developer Kik Over $100M ICO

"The securities laws should not be applied to a currency used by millions of people in dozens of apps," Kik responds.
Auditing

PwC to Restructure U.K. Audit Practice

Amid growing pressure from regulators, the firm announced plans for a significant transformation of its audit business.
Financial Performance

Campbell Soup Tops Q3 Earnings Estimate and Lifts 2019 Outlook

Snack sales from the company’s purchase of Snyder’s-Lance is credited for the boom.
Financial Performance

GameStop Shares Drop 29% After Dividend Halt

The video game retailer will save about $157 million a year by eliminating the dividend as it struggles with shrinking profits.
The Economy

U.S. Factory Orders Decline 0.8% in April

“We expect further bumps along the road for manufacturing as a slowing global economy and escalating tariffs on major U.S. trading partners pose headwinds."
Data Security

Hack Exposes Data of Quest Diagnostics Patients

The lab testing giant says a hacker gained access to personal data of about 11.9 million patients that it had provided to a billing collection service.
Banking & Capital Markets

Flower Delivery Service FTD Files Bankruptcy

The company says its finances have wilted as the expected benefits from its $430 million acquisition of ProFlowers have not materialized.
M&A

Infineon Technologies Buys Cypress Semiconductor in $10B Deal

The combined company’s sales would place it among the top 10 chipmakers globally.
Banking & Capital Markets

Shutter Maker Files Chapter 11 With Sale Plan

American Home Products has accepted a "stalking horse" bid for its assets, which include the Louver Shop and Danmer brands.
The Economy

Brazil’s 0.2% GDP Drop Fans Recession Fears

"There is a very real risk of contraction, which would take the country into a technical recession," an economist warns.
The Economy

Trump Threatens Tariffs Against All Mexican Goods

The president promised an escalating trade war until Mexico takes action to "dramatically reduce or eliminate" illegal immigration.
The Economy

U.S. Inflation Picks Up the Most in 15 Months

Deceleration in consumer spending is expected to curb the increase and keep interest rates unchanged.
1 2 3 4 5 … 345