- SEC Investigates Herbalife Pyramid Scheme Allegations by Hedge FundPosted 155 days ago
Automakers Attempt to Avoid Class Actions with Arbitration Clauses
Car manufactures and dealers are shielding themselves against class action lawsuits by incorporating an arbitration clause in the contract when selling a vehicle to a consumer, the New York Times reported. As a result of the clause,...
- Posted 23 hours ago
Gannet Company Agrees To Acquire Belo Corporation (BLC) For $1.5 Billion
Belo Corporation (NYSE: BLC), owner of local television stations and websites, and the Gannett Company have come to terms on a deal that would buy out current Belo shareholders for $13.75 per share in cash. The transaction...
- Posted 4 days ago
Elite Traders Pay to Receive Early Look at Consumer Confidence Data
CNBC is reporting that an elite group of traders pay a fee to Thomson Reuters to access an important economic indicator prior to its public release. The University of Michigan, which generates the consumer confidence statistic, and...
- Posted 5 days ago
Iron Mountain (IRM) and Equinix (EQIX) Shares Fall After IRS Scrutinizes REIT Eligibility
Iron Mountain Inc. (NYSE: IRM) and Equinix Inc. (NASDAQ: EQIX), two information system infrastructure providers preparing to transition to real estate investment trusts for tax purposes fell in trading after the U.S. Internal Revenue Service (IRS) scrutinized...
- Posted 7 days ago
Google Bans Its Own Glasses from Shareholder Meeting
Looking for a synonym for hypocrite? Consumer watchdogs groups have a suggestion: try Google. On Thursday, the company responsible for the Google Glass- a fully functioning computer worn on a person’s head like glasses, which has been...
- Posted 11 days ago
TGI Fridays Sued for Alleged Alcohol-Swap Scheme
Two New Jersey women have filed a class action lawsuit against TGI Fridays, alleging the restaurant chain served patrons cheap liquor camouflaged as top-shelf brands. The class action lawsuit, filed on behalf of New Jersey consumers, is...
- Posted 18 days ago
Google May Face FTC Antitrust Inquiry on Advertising Business
In an article published on Bloomberg, the Federal Trade Commission (FTC) may initiate an antitrust probe into Google’s display advertisement business. The FTC is currently examining whether Google took advantage of its dominant position in this market...
- Posted 25 days ago
IEC Electronics Corp Announces Delisting; Shares Fall
Shares of IEC Electronics Corp (NYSE MKT: IEC) have fallen nearly 30% over two days, to $3.40 per share in midday trading, after announcing its inability to timely file its second quarter results due to a restatement...
- Posted 28 days ago