Martin Shkreli resigns from Turing Pharmaceuticals after fraud charges
He has worked at numerous private equity and venture capital firms in the pharmaceutical and medical device industries over the last two decades. Medicare patients are being referred to a charity for ...
Yahoo Shelves Alibaba Spin Off
The reverse spin off is expected to require, among other things, third...
Scalise Pushes End of Ban On US Oil Exports
On Wednesday, a report from the U.S. Energy Information Administrati...
Martin Shkreli tweets: 'I will prevail'
Turing , which has offices in NY and Zug, Switzerland, said Tilles has...
Seattle Becomes First City to Allow Uber Drivers to Unionize
Seattle has passed a measure allowing drivers of smartphone-based tax...
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Economy
Yahoo shelves plans to spin off stake in Alibaba
Yahoo made waves of Wednesday by announcing a plan for a complex "reverse spin" in which the company's core internet business will be spun off into a separate ...
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Budget deal bill boosts oil exports, renewable energy
In Title I, Section 101 of the more than 2000-page Consolidated Appropriations Act, 2016 , the proposed legislation explicitly repeals Section 103 of the Ener...
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Economy
Oil export ban, spending bill passes
Ports like Houston Ship Channel could soon see crude exports under a new deal in the U.S. Congress. Many Democrats in the Senate, however, say lifting the ban...
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Economy
Star Wars: 'The Force Awakens' Breaks Opening Day Record
Now, in yet another report on the film's box office domination, we're hearing that it's on pace to smash through a few more barriers over the next 24-48 hours. ...
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Economy
Lifting oil export ban part of spending bill
Oil Change International wrote the first report on the risk of lifting the crude export ban way back in 2013, and projected the increase in the price of ...
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Economy
Pharma bro Martin Shkreli loses his CEO job
Brooklyn U.S. Attorney Robert Capers said at a news conference that Shkreli "essentially ran his companies like a Ponzi scheme, where he used each subsequent ...
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Economy
European markets slide over week as US-led rally wanes
Are long-term rates still low because investors believe the economy is not that strong, and the Fed will eventually have to lower rates again? According to ...
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Economy
Jackass drug CEO is no longer a drug CEO
Mr Shkreli attracted widespread attention this fall after Turing bought the rights and raised the price more than 50-fold for a half-century-old drug that treat...
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Economy
Star Wars film breaks opening day box office record
Forty-seven per cent of the opening day's USA domestic ticket sales came from 3D tickets, Disney said . "This represents a new record for the industry and po...
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Economy
California Proposal To Require Human Drivers On Autonomous Cars Disappoints Google
Now state regulators are looking towards their eventual deployment. Under the draft regulations released today by California's Department of Motor Vehicles,...
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Economy
China slams 'provocative' airspace violation by U.S. bombers
The U.S. uses pre-planned freedom of navigation operations to assert its rights to "innocent passage" in other country's territorial waters. "There was no i...
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Shkreli resigns as Turing Pharmaceuticals CEO
He's accused of repeatedly losing money for investors and lying to them about it, as well as illegally taking assets from one of his companies to pay off debtor...
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Economy
What the Rate Hike Means for Each of Your Investments
Merk doesn't buy talk that the US dollar is "going through the roof", arguing it will stop rallying as people realize the Fed is unlikely to aggressively raise ...
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Economy
Defense secretary faulted on email use
Clinton's email practices were revealed in March. It follows a controversy surrounding Democratic presidential candidate Hillary Clinton, who used only a pe...
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Economy
US Fed hikes interest rate and leads to rise in crude prices
If it falls below $36.20, it will hit the lowest since July 2004. "The predicted mild US winter will do nothing to encourage the bulls or the gradual rate pat...
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Economy
Crude Oil Stuck Near $35 On Massive US Inventories
Brent's February contract closed at $37.39, down $1.34. West Texas Intermediate fell 45 cents to US$36.90 a barrel by 0737 GMT after rising more than US$1 ...
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Economy
Three GOP candidates top polls as they continue to trade jabs
Mr Trump walked back remarks he made at the weekend, where he called Mr Cruz a maniac, and Mr Cruz evaded questions about a private meeting where he r...
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Economy
HTC to debut One M10 at Mobile World Congress 2016
The headphone jack and micro SD card slot is placed at the bottom of the device, together with the charging port, and also sports front-facing BoomSound speaker...
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Kim Kardashian Has Baby Boy, Name Not Announced
Kim Kardashian had earlier revealed in her blog on her website that the procedure for delivery was a little risky this time as her baby had turned its position ...
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Chipotle Mexican Grill Inc
Shares of Chipotle are trimming earlier gains but are up 4.93% to $575. On Wednesday, health officials confirmed that a Chipotle restaurant in the Boston area...
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Economy
Bank of America, Citibank join other banks in lifting prime lending rate
The Federal Reserve on Wednesday raised its key interest rate for the first time in seven years. The central bank said it plans for further "gradual" rate in...
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Economy
Poll Shows Trump With Big Lead In GOP Primary Race
But more often than not, Donald Trump rallies are stocked to the gills with avid supporters, and they don't necessarily fit the mold illustrated by the CNN...
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Economy
How Will Hewlett Packard Enterprise (HPE) Stock React to Rating Upgrade?
Equity Analysts at the Credit Suisse maintains the rating on Hewlett-Packard Company (NYSE:HPQ). The brokerage set a "market perform" rating and a $13.00 pric...
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Economy
Douwe Egberts owner JAB Holding Company rivals Nestle market share with $13
But after reaching out to Keurig and JAB, he said, he feels confident this represents an opportunity for Keurig and Vermont. The acquisition price of $92 a sh...
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Economy
Will Alibaba Group Holding Ltd Buy Back Stake From Yahoo?
These sessions are set to begin Wednesday and carry on through Friday, according to these sources. During those meetings, the company will weigh the decisio...
