Volkswagen to Pay More Than $10 Billion to Settle Emissions Claims
BusinessArticle By Mike Spector and Sara Randazzo simone mescolini / Shutterstock.com
Company will pay diesel car owners at least $5,100 on top of buyback or fix.
Volkswagen AG is nearing a $10 billion civil settlement, the largest in the…
How to Lose $4.5 Billion Overnight
BusinessBy Noah Smith | Featured on Bloomberg
Forbes made quite a stir last week, by reporting that it had cut the estimated net worth of Theranos founder Elizabeth Holmes from $4.5 billion to…zero. Since Forbes is widely regarded as the…
Investigators raid Google Paris HQ in tax evasion inquiry
BusinessBY MICHEL ROSE AND CHINE LABBÉ | Article Featured on Reuters | The_Pixel / Shutterstock.com
Dozens of French police raided Google's Paris headquarters on Tuesday, escalating an investigation into the digital giant on suspicion of tax evasion.
Google,…
SEC Going After Corp. Subsidiaries
BusinessThe Securities and Exchange Commission is particularly focused on the subsidiaries of financial services firms.
Article by David M. Katz | Featured on cfo.com
Riding a spike in Securities and Exchange Commission civil enforcement actions…
4 ways the new overtime rules may affect your paycheck
Business
Article by Jeanne Sahadi | Featured on CNN Money
Thanks to a major change in federal rules, millions of employees around the country will now become eligible for overtime pay.
Everyone's first assumption is that the rule change will mean…
Puerto Rico defaults on $422 million
Business
Article by Heather Long | Featured on CNN Money
Puerto Rico is dialing 9-1-1 for any help it can get.
The island was unable to make a $422 million debt payment due Monday. It's another alarm bell of how bad the situation is getting on…
Major League Soccer Stadium Proves a Good Financial Bet for Portland
Business
Major League Soccer Stadium Proves a Good Financial Bet for Portland
New figures show the city is getting its money back from the Portland Timbers’ stadium.
Article By Nigel Jaquiss | Featured on WWeek
Sometimes, history doesn't…
Sports Authority bankruptcy sale could close remaining stores
BusinessArticle by Chris Isidore | Featured on CNN Money
Sports Authority, the struggling chain which filed for bankruptcy in March, is weighing a sale of its assets that could be end up closing most if not all of its 450 stores.
Under its original…
Global factory growth nearly stalled in April: PMI
BusinessArticle Featured on Reuters
Global manufacturing growth almost stalled last month as rising price halted a pick-up in new orders, a survey showed on Tuesday.
JPMorgan's Global Manufacturing Purchasing Managers' Index (PMI), produced with…
ValueAct Pays a Price for Its Supporting Role at Valeant
BusinessArticle Featured on New York Times | By Andrew Ross Sorkin
Bill Ackman gets a lot of ink and a lot of criticism as one of the largest investors behind the crisis-ridden Valeant Pharmaceuticals.
But another activist investment firm with a…