Aleksandr Kovalev, 53, Rocklin, California, pleaded guilty to wire fraud involving financial institutions in connection with a mortgage fraud scheme involving the purchase of at least 31 properties. According to court documents, Kovalev was in the business of developing, building and selling property in Sacramento, Fairfield and Stockton, California. Show More Summary
Lenovo has revealed mixed financial results for Q2 2016, but states that the launch of its Moto Z modular flagship was a big success.
In the earnings call following Apple’s Q4 2016 financial results, UBS managing director Steven Milunovich asked CEO Tim Cook a rather pointed question: ‘Does Apple has a grand strategy for what it wants to do over next 3-5 years? OrShow More Summary
The election results have many investors anticipating a lower corporate tax rate going forward, and Credit Suisse takes a look at how that could impact the financial industry. Analysts Susan Roth Katzke, Craig Siegenthaler, and JohnShow More Summary
South African media conglomerate Naspers has posted its Q3 financial results for the six months to 30 September 2016, which indicates 16% year on year growth to US $6.8 bn. The company owns a slew of businesses across sectors spanning the internet, video and media, including the listing portals Avito, OLX and Property24.com. Its revenues, […]
"This quarter was one of the toughest quarters in Fang's history. Our transformation coupled with the market regulations by the government was very challenging," said Vincent Mo, Chairman and CEO of Fang. "Transformation is not easy but we are determined and optimizing the operations details. Show More Summary
By Kieran Cooke / Climate News Network Higher costs of water as a result of droughts and floods linked to climate change are severely affecting corporate financial performance globally.
It has been an interesting and challenging few days for Bayern Munich. Two straight losses led to questions being asked as to newly appointed coach Carlo Ancelotti's future; the club announced spectacular financial results; convicted tax evader Uli Hoeness made a triumphant return to the club.
That is my latest Bloomberg column, here is one excerpt: One way to approach Cuba’s economic fate is to consider the Caribbean region as a whole. For the most part, it has seen mediocre results since the financial crisis of 2008. Economic...Show More Summary
Under the Senate rules, 60 votes will be needed to bring any legislation revising Dodd-Frank to a vote. The Republicans have 51 senators and maybe 52, depending on the results of the Louisiana runoff on Dec. 10. New York's Chuck Schumer,...Show More Summary
Leading American solar loan financier Mosaic has announced a series of moves, including the closure of a $250 million warehouse facility, which has resulted in more than $550 million in new loan funding capacity. Mosaic Announces New...Show More Summary
Amtrak issued its F.Y. 2016 unaudited financial results last week with a glowing press release claiming a “new ridership record and lowest operating loss ever.” Noting that “ticket sales and other revenues” covered 94 percent of Amtrak’s...Show More Summary
Remember when bashing central banks and predicting financial collapse as a result of monetary manipulation and intervention was considered "fake news" within the "serious" financial community, disseminated by fringe blogs? Good times. In...Show More Summary
My life changed for the better about three years ago, when I first ran across Tom Woods. I have read and enjoyed several of his books, including Meltdown (which explained that the 2008 financial crisis resulted from too much regulation), The Politically Incorrect Guide to History (the title speaks for itself), and my favorite: Rollback […]
It is relatively easy for illegitimate websites to “poison” Google search results and achieve a top-5 ranking. And it’s financially well worth their while. Last Friday, at the French CLUSIR/RSSIA conference, Frédéric Roumat from EdelWeb (groupe ON-X) gave us an impressively argued demonstration on the subject. Show More Summary
This is a good time to focus on the financial transactions that will result in lowering the tax liability on your 2016 tax return
The major increase in the volume of non-performing loans as a result of the recent financial crisis was predictable, but the persistence of this bad debt is a cause for concern. Using a sample of 100 countries, this column compares economic outcomes in three different scenarios following a rise in non-performing loans. Show More Summary
Amtrak recently reported exceptionally strong unaudited financial results for the fiscal year which ended on September 30, 2016 (FY 2016), including an all-time unaudited ticket revenue record of $2.14 billion, a $12 million increas...
Russia has banned LinkedIn, the Financial Times (FT) reports. Russia's communications watchdog Roskomnadzor has reportedly added the social network to a list of blacklisted websites. As a result, internet service providers in RussiaShow More Summary