Visa, MasterCard $7.25 billion settlement with retailers is thrown out

Visa, MasterCard $7.25 billion settlement with retailers is thrown out

BY JONATHAN STEMPEL | Featured on Reuters arslaan / Shutterstock.com A federal appeals court on Thursday threw out a $7.25 billion antitrust settlement reached by Visa Inc (V.N) and MasterCard Inc (MA.N) with millions of retailers that accused…
The Impact of Brexit on Your Clients’ Investments

The Impact of Brexit on Your Clients’ Investments

Article Featured on AICPA Uncertainty related to Brexit – the recent vote in the United Kingdom (UK) to move away from the European Union (EU) – sent shock waves throughout Europe and foreign markets. Here in the United States, investors…
Volkswagen to Pay More Than $10 Billion to Settle Emissions Claims

Volkswagen to Pay More Than $10 Billion to Settle Emissions Claims

Article 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

How to Lose $4.5 Billion Overnight

By 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

Investigators raid Google Paris HQ in tax evasion inquiry

BY 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

SEC Going After Corp. Subsidiaries

The 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…
Sports Authority bankruptcy sale could close remaining stores

4 ways the new overtime rules may affect your paycheck

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…
Sports Authority bankruptcy sale could close remaining stores

Puerto Rico defaults on $422 million

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…
Sports Authority bankruptcy sale could close remaining stores

Major League Soccer Stadium Proves a Good Financial Bet for Portland

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

Sports Authority bankruptcy sale could close remaining stores

Article 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…