SEC Alleges Insider Trading on Telecom Deal
Traders allegedly made more than $1 million in illicit profits on the April 4 acquisition of General Communication Inc. by Liberty Interactive.
Pier One Earnings Top Estimates But Sales Fall
The retailer's online sales showed strength in the fourth quarter, increasing 28% to $103.1 million and accounting for 19.5% of total sales.
Oil Prices Fall as Crude Stocks Hit New Record
The price of the benchmark crude dropped to the lowest level since OPEC countries agreed to cut output by 1.8 million bpd in the first half of 2017.
Trivago Shares Climb 7.7% in Market Debut
The IPO was priced below expectations at $11 per share, but the hotel-search website raised $287.1 million.
Clinton, Bush Among Campaign Big Spenders
The Democratic leader for the White House and the GOP's Bush have both spent nearly 90% of what they raised in the third quarter.
Small Firms Pay Bigger Slice of Revenue in Audit Fees
Small publicly held companies pay more than $5,000 in audit fees (on average) for every $1 million in revenue, finds Audit Analytics.